Author: NBTC

Mill City Ventures III, Ltd., a specialty finance company (NASDAQ: MCVT), has announced a $450 million private placement. The funding will be used to support the company’s new strategy of holding the cryptocurrency SUI as its main treasury asset. As part of the private placement, Mill City will issue over 83 million shares of common stock at $5.42 per share. The funding round is led by Karatage Opportunities, a London-based hedge fund focused on digital assets, along with support from the Sui Foundation. Other participants include several investment firms and digital asset funds. Galaxy Asset Management will manage the assets…

The total Ether held by companies with crypto treasuries has risen to 3.04 million ETH, worth $13 billion, as the cryptocurrency’s price surged past $4,300. On Monday, Ether (ETH) climbed to $4,332, surging by 20.4% in the last seven days, according to CoinGecko. At the time of writing, ETH has slightly dropped, sitting at $4,290. The ETH rally is fueled by companies increasing their holdings in the last 30 days. BitMine Immersion Technologies, which tops the list of ETH treasury holders, boosted its holdings to 833,100 ETH, a 410.68% jump in the amount of ETH it holds over the past…

S&P 500 and Nasdaq fell from record highs after the DOJ announced it would be going after tariff evaders. Summary Stocks fell on weak earnings. The labor market also weakened. Trump’s DOJ puts tariff evaders on notice. Major U.S. stock indices fell on weak labor market data and ongoing trade uncertainty. On Tuesday, July 29, the Dow Jones fell 130 points, or 0.29%, dragged down by weak performance from major healthcare firms. At the same time, the S&P 500 was down 0.11%, while the tech-heavy Nasdaq slipped 0.09%. You might also like: S&P 500 rises ahead of Fed meeting, jobs…

Financial and law enforcement authorities in Kazakhstan have unraveled a scheme to mine cryptocurrencies using illegally sourced electrical power. Losses caused by the perpetrators amount to more than $16 million, officials said, noting the energy sold to mining farms in the eastern part of the country could have satisfied the needs of a small city. Crypto miners in Kazakhstan burn 50 MWh of household electricity The regional departments of Kazakhstan’s Financial Monitoring Agency (AFM) and National Security Committee (KNB) in the East Kazakhstan Oblast have put an end to a large-scale sale of electricity to mining firms in the area,…

A closely followed crypto analyst says that Ethereum (ETH) looks ready to rip further after breaking above the $4,000 price tag. In a new video update, crypto trader Cheds tells his 50,200 YouTube subscribers that the second-largest digital asset by market cap looks primed to continue climbing all the way to $10,000, which would represent about a 135% gain from its current price. According to the trader, Ethereum broke out of a massive bullish pattern, setting the stage for a huge upside burst. “This is a continuation pattern, and we have it here on Ethereum, on a higher time frame…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It’s Fed Decision Day Eve, and while we’re all but certain interest rates will remain unchanged, tomorrow’s FOMC statement and Chair Powell’s press conference have potential to move markets. Investors are hoping for a September rate cut, and right now, they’re decently confident that’s what we’ll get. Markers are currently pricing in a 62% chance of a 25bps cut in September, per data from CME Group. What kind of language in tomorrow’s statement would assure markets that FOMC members are feeling dovish? For starters: any indication…

Beeple caused Nakamigos NFTs to soar — and later plummet — in price this weekend after an AI-based stunt at the artist’s CryptoPunks meetup depicted Larva Labs’ founders launching an earlier iteration of the collection. At “CryptoPunks meetup 2.0,” a video showed an AI rendition of Matt Hall and John Watkinson supposedly launching the “V-ZERO CryptoPunks.” The founders apparently discussed how the original, earlier iteration of CryptoPunks was created two years before the actual CryptoPunks NFT collection. Read more: While crypto burns, Madonna gives birth to robot centipedes in NFT series Both Hall and Beeple also signed flyers, however, these…

More than 1.035 million Ethereum worth $4.167 billion have been accumulated by unknown whales and institutions over the past month. Summary Whales, institutions amass 1.035 million Ethereum worth $4.17 billion in one month. Average ETH buy price $3,546 as price surges from $2,600 to $4,170. Analysts warn of overextension, advise ETH ecosystem plays instead. According to analyst Ember CN, the massive buying spree coincided with ETH’s price surge from $2,600 to over $4,000, which is a 45% gain since July 10 and a 19.6% gain over the last seven days. The institutional accumulation occurred through exchanges and institutional trading platforms…

Fed Chair Jerome Powell is not expected to signal a rate cut at this week’s meeting. Julia Coronado, President and Founder of Macropolicy Perspectives, said, “Powell will continue his ‘wait-and-see’ policy this week. He will leave the door open for a September interest rate decision, but we don’t expect any significant moves at this week’s meeting.” Coronado said the Fed won’t make any changes to interest rates at its upcoming meeting, but Powell will deliver key market guidance at his press conference. “There are some signs of softening in the economy and a gradual increase in inflation,” he said. “The…

Terminus, a prominent platform for Web3 to Web2 payments, has partnered with SocialGrowAI, a cutting-edge multi-chain Telegram bot. The collaboration focuses on merging the payment convenience and AI-led engagement tools to bolster the user engagement and growth with significant rewards. As per the official announcement of Terminus, the partnership is poised to redefine the interactive and transactional experience. Hence, the consumers can expect the establishment of a relatively gamified, reward-rich, and integrated ecosystem facilitating worldwide Web3 participants. 👥 Terminus syncs orbits with SocialGrowAI 🤝As a trailblazing multi-chain Telegram bot and web app blazing with gamified brilliance, SocialGrowAI’s @SocialGrowAI AI-optimized trading,…