Author: NBTC

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Six years is certainly a long time in crypto. But Libra (later Diem) might’ve felt right at home in the current agreeable atmosphere in the US. Back then, Meta (still Facebook) had its own blockchain subsidiary, Calibra, that was pushing to launch a new type of cryptocurrency pegged to a basket of various fiat with a floating value. The Calibra wallet was meant to be integrated with WhatsApp and Messenger and promised to let users send money to each other with practically zero fees. Libra, the…

It’s hard to believe that ETH was languishing at less than $1500 in April. Now it’s above $3800 again. Ethereum’s comeback is the story of the summer. Through ETFs ($2 billion inflows in two weeks), ETH treasury vehicles and excitement around tokenization, the comeback is well and truly on. And institutions are in the driving seat. One of BlackRock’s key digital assets stars will lead Joseph Lubin’s ETH vehicle, SharpLink. As EY’s Paul Brody wrote this week, with institutions, “Ethereum Has Already Won,” and will probably keep winning for decades to come. The incumbency of the Network Effect – that…

Over the years, Shiba Inu has experienced impressive growth in its on-chain activity as the token has been relentlessly controlled by large holders. Nonetheless, on-chain data from IntoTheBlock shows that the largest wallet on Shiba Inu is carrying the largest share of the token’s total supply. While the price of the popular dog-themed cryptocurrency remains pretty low compared to major altcoins and memecoins like Ethereum (ETH), XRP, and Dogecoin (DOGE), it appears that its price performance is greatly dependent on its large holders, as they seem to have higher control over the token’s market movement than smaller traders. 410,043,000,000,000 SHIB…

India’s tax authorities are deploying artificial intelligence and international>The Central Board of Direct Taxes (CBDT) is strengthening its pursuit of crypto tax evaders through enhanced data analytics and cross-border information exchange, Chairman Ravi Agrawal revealed in an interview with the Economic Times. The department now has access to over 6.5 billion domestic digital transactions and is actively participating in the Crypto-Asset Reporting Framework (CARF) to ensure automatic sharing of tax-related information on crypto assets between countries, according to Agarwal. CARF is a global standard by the Organisation for Economic Co-operation and Development (OECD) that mandates crypto platforms collect and share…

VitaminAI, a popular marketplace for AI agents, has unveiled its new strategic collaboration with Renta Network, a next-generation rental ecosystem. The primary objective of this partnership is to redefine the approach to Real World Assets (RWA) and its management. This partnership will unfold a new era of efficiency, transparency, and innovation in the rental industry. 📢 Announcing our partnership with @RentaNetwork — a next-gen rental ecosystem merging blockchain, Web3, and AI to revolutionize Real World Assets (RWA).With a strong focus on decentralization, transaction security, and minimal fees, Renta Network is creating a transparent and… pic.twitter.com/zvzGY2PFXp — VitaminAi | AI Agents…

Canadian fintech company LQWD has announced a $10 million At-The-Market (ATM) Program to strategically enhance its Bitcoin holdings and support the Lightning Network infrastructure. This innovative financing approach offers LQWD flexibility and cost-efficiency, allowing continuous capital access to fuel growth in the digital asset ecosystem. According to COINOTAG, LQWD’s initiative signals a mature capital management strategy, emphasizing the importance of Bitcoin and Lightning Network expansion in crypto financing. LQWD launches a $10M ATM Program to boost Bitcoin purchases and Lightning Network capacity, marking a strategic move in crypto financing and infrastructure growth. LQWD’s $10 Million ATM Program: A Flexible Capital…

Ethereum price is once again in the spotlight. Not just because of its price action, but because institutional investors are finally showing their cards. The U.S. spot Ethereum ETFs have started pulling serious weight, and the charts are responding. So, what’s the Ethereum price prediction? Ethereum Price Prediction: Why is Ethereum Price Heating Up? ETH/USD Daily Chart- TradingView Let’s look at the chart first. ETH price has been on a sharp uptrend since late June. The Heikin Ashi candles are clean, consecutive, and mostly bullish green. More importantly, the Ethereum price has stayed consistently above the mid-Bollinger Band, a sign…

The House of Representatives adjourned a week ahead of schedule on July 24, initiating its August recess early and effectively halting all floor activity until after Labor Day. Speaker Mike Johnson announced the break during a floor session, ending votes and procedural work until at least the week of September 8. This recess comes amid an intensifying debate over a proposed amendment to release files related to Jeffrey Epstein. Epstein amendment to GENIUS Act Last week, eleventh-hour maneuvering over an Epstein-related amendment first threatened to stall House proceedings but was ultimately contained. Rep. Ro Khanna attempted to attach a measure…

In a move that signals regulatory confidence, Hold Me Ltd., a Tel Aviv-based technology company, has signed a binding letter of intent (LOI) to acquire Synthetic Darwin LLC, a US-based firm focused on autonomous, self-improving AI agents. The deal, announced July 24, points to growing confidence in AI technologies designed to evolve without human oversight and their expanding role within blockchain ecosystems. The proposed share-based transaction awaits regulatory clearance and definitive agreements. AI Agents Designed to Evolve Best known for its innovative platform, DarwinsLab, an AI ecosystem, Synthetic Darwin has been focused on recursive self-improvement. Notably, the system would allow…

In a significant move poised to reshape the landscape of institutional crypto adoption in South Korea, Bitmax, a publicly listed Korean company, has announced a substantial increase in its Bitmax Bitcoin holdings. This strategic accumulation underscores a growing trend among corporations globally to embrace digital assets as a core component of their treasury management. With an additional purchase of 51.06 BTC, Bitmax’s total Bitcoin reserves now stand at an impressive 400.25 BTC, solidifying its position as the leading publicly listed company in South Korea by Bitcoin holdings. This bold step has drawn immediate comparisons to MicroStrategy, the U.S. software firm…