Author: NBTC

Circle’s explosive IPO has set a new benchmark for crypto equity listings, but the real story may lie in what comes next. According to the latest Bybit Crypto Insights Report shared with crypto.news, Wall Street not only misjudged Circle’s value, but may now be playing catch-up as more crypto firms prepare to go public. The report dissects the details behind Circle’s debut on the NYSE under ticker CRCL, which saw its stock surge from $31 to $107 in the first week. Bybit analysts argue that this breakout was more than investor enthusiasm—it was a sign that traditional valuation models are…

Last week, the US Senate rejected the cryptocurrency-friendly stablecoin bill GENIUS. However, while the GENIUS Act is expected to pass after being re-voted in the Senate, Placeholder managing partner Chris Burniske said that Etheruem will gain the most benefit from the GENIUS Act. Evaluating the legislation from his account X, Burniske said that Ethereum (ETH) is likely to be the crypto that will benefit the most from the passage of the GENIUS Act proposed to regulate stablecoins. Burniske noted that Ethereum would benefit the most from the GENIUS law due to its large stablecoin ecosystem and robust decentralized finance (DeFi)…

As the United States Congress continues to push forward in its regulatory efforts surrounding the cryptocurrency market, two significant pieces of legislation are making their way through the legislative process: the GENIUS Act and the CLARITY Market Structure Bill. These bills are part of the ongoing attempt to establish a clear regulatory framework for digital assets, aiming to address critical concerns such as stablecoin regulation and market transparency. With Senate scrutiny over cryptocurrencies intensifying, these pieces of legislation reflect the growing pressure to introduce clearer rules for the sector. The bill is designed to regulate stablecoins, which are digital currencies…

Bitstamp by Robinhood has received a Major Payment Institution license from Singaporean financial authorities, following the deadline set for unlicensed crypto firms to cease operations in the region. According to a press release issued on July 3, Bitstamp by Robinhood has received an MPI license from the Monetary Authority of Singapore. Institutions that hold a major payment institution license are recognized and regulated by financial authorities in the region. License holders are granted permission to provide payment services without having to fulfill monetary thresholds to keep operating. These requirements include a minimum of 3 million SGD in monthly transaction volume…

Michael Saylor responded to a Bloomberg news anchor this week about Jim Chanos’ bearish trade against MicroStrategy. According to Saylor’s characterization of the short-sale by one of history’s most successful short-sellers, there are probably three ways Chanos’ trade could go — all of which will allegedly lose money. The hedge fund founder who made a name for himself predicting the collapse of Enron and Chinese real estate thinks MSTR is overvalued. Specifically, Chanos has placed a hedged short-sale against Saylor’s company. Because MSTR trades at a 1.7X multiple to its $63 billion net asset value (mNAV), Chanos has shorted MSTR…

Giza, a Web3 autonomous financial intelligence platform, has announced the token generation event (TGE) for its native GIZA token, as per the most recent reports shared with Finbold on Tuesday, May 20. The GIZA token generation event follows a $5.2 million private funding round led by CoinFund, with support from Arrington Capital and Coinbase Ventures’ Base Ecosystem Fund. Proceeds from the public sale will help Giza develop its planned decentralized network of autonomous financial agents operating 24/7 and adjusting to market shifts in real time. The GIZA token public sale will launch on May 29 at 13:00 (UTC). 📢 World…

The United States Court has authorized Celsius to proceed with a multibillion-dollar lawsuit against Tether. President Trump notes how these disputes reflect the growing importance of digital assets and transparency in international financial markets. The heart of the dispute between Celsius and Tether: the sale of Bitcoin The role of guarantees and procedures in times of volatility Between jurisdiction and bankruptcy laws: why the case can proceed Importance of the United States Bankruptcy Code The restructuring path of Celsius and the market context Implications on the cryptocurrency sector and for the future of Bitcoin Prospects and openings for a more…

Imagine strolling along the sun-drenched beaches of the French Riviera, indulging in gourmet cuisine, or shopping at exclusive boutiques, and paying for it all with your digital assets. This futuristic vision is now a stunning reality, thanks to a groundbreaking collaboration between Binance Pay and the innovative French fintech, Lyzi. This partnership is set to transform the way tourists and locals alike engage with crypto payments in one of Europe’s most glamorous destinations, ushering in a new era of financial convenience and accessibility. Binance Pay’s Bold Expansion into the French Riviera: A Game Changer? The announcement that Binance Pay has…

Bitcoin price has entered a shaky phase as it hovers near $105,000, with its recent bullish momentum beginning to weaken under mounting macroeconomic pressure. The BTC price charts are flashing early signs of a potential downtrend, and if the cracks widen, a correction to $90,000 may not be out of the question. Let’s dig into the technicals, recent developments, and key price levels. Bitcoin Price Prediction: Why is Bitcoin Losing Momentum Near $110,000? BTC/USD 1 Day Chart- TradingView On the daily chart, BTC price recently struggled to hold above the R3 pivot zone near $110,000. After reaching a local high…

SINGAPORE – Brad Garlinghouse, CEO of crypto company Ripple Labs, stated at the XRP Ledger Apex, the Ripple (XRP) community conference in Singapore, that he remains bullish on stablecoins – a sentiment he said is reinforced by the recent blockbuster Circle initial public offering (IPO). “Circle IPO’s clearly went very well. That’s a reflection of investor interest in crypto, both institutions and retail. The financial future will be blockchain-based,” Garlinghouse said at Apex. Garlinghouse said that one factor in the success of Circle’s IPO is the market’s fundamental belief that the GENIUS Act – the U.S. stablecoin legislation – will…