Author: NBTC
Strategy (MSTR), the largest corporate holder of bitcoin BTC$103,848.26, has priced the new preferred stock offering designed to give long-term investors a fixed 10% annual return with no management fees.The firm will sell 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD), expecting to bring in an estimated $979.7 million after fees and expenses, according to a press release. The shares, which sit below Strategy’s other preferred offerings STRF and STRK, are set to settle on June 10. Unlike STRF, which has senior status and lower volatility, and STRK, which is convertible and pays 8%, STRD…
Floki’s highly anticipated MMORPG, Valhalla, has been officially named the Presenting Partner and Exclusive Title Sponsor of the 2025 Global Esports Industry Week (GEIW). This premier esports event, scheduled for June 18–22, 2025, will spotlight the convergence of gaming, Web3, and blockchain as Valhalla claims a dominant role just days ahead of its mainnet launch on June 30. Image: Floki Full Spectrum Exposure at GEIW As the presenting partner, Valhalla will have a commanding presence throughout the five-day event, with branding on the main stage, signage, official agendas (both print and digital), and even exclusive Valhalla-themed lanyards. Attendees will also…
All eyes are on the long-running Ripple v. The U.S. Securities and Exchange Commission (SEC) case again, with June 16 marking the expiration of the SEC’s 60-day window to update the U.S. Court of Appeals on the status of the case. The deadline was set in April, when the Second Circuit Court of Appeals agreed to a pause following a joint request from Ripple and the SEC, on the condition that the SEC file a status report by June 15. Bill Morgan, Ripple’s attorney, noted that “something has to happen” by June 16, suggesting major procedural updates and the continuation…
Binance US announced that it will list Hyperliquid’s HYPE token in the near future. This caused a minor price spike, giving HYPE more than 6% growth in the last 24 hours. Unfortunately, Binance’s listing announcement doesn’t have many specific details, and it’s unclear when HYPE will go live on the platform. Nonetheless, this seems like a bullish development. Binance US to List Hyperliquid Soon Hyperliquid, a high-performance trading blockchain, has won a few important accolades recently. It surpassed dYdX’s trading volume in late May, overpowering Sui’s market cap less than one week later. The exchange also became viral recently due…
Ankr’s high-performance RPC services make it easier for developers to connect and build directly on the Flare Network. Flare’s partnership with Ankr boosts Web3 infrastructure, enabling smoother dApp development without node management hassle. As the blockchain network continues to grow and become denser, one thing is increasingly important: reliable connectivity. This is where Ankr’s role becomes even more crucial, especially after they officially partnered with Flare Network. Not just a regular technical collaboration, this collaboration brings high-performance RPC (Remote Procedure Call) directly to the hands of developers in the Flare ecosystem—without having to worry about managing their own nodes. Why…
With Bitcoin showing positive price action over the past few days, increased whale activity has been observed among Bitcoin holders. On-chain tracking platform Whale Alert spotted massive Bitcoin transfers flowing into a major U.S.-based cryptocurrency exchange, Coinbase, on June 11. According to data provided by the tracker, multiple whales moved over 3,165 BTC, worth more than $347 million, into Coinbase in just about two hours. The large Bitcoin transfers, which suggest that Bitcoin whales might be attempting to sell off their assets, occurred in multiple transactions. Each of the transfers was made from anonymous wallets. The largest transaction involved 794…
Decentralized finance (DeFi) firm Aave is arriving on Soneium, the Ethereum L2 blockchain linked to Japanese electronics giant Sony, the companies said on Tuesday. Decentralized finance, which shot to prominence during the so-called “DeFi summer” of 2020, is resurgent, amid a huge growth in stablecoins and crypto-backed lending. The integration of GHO, Aave’s decentralized overcollateralized stablecoin, into Sonieum is being explored for real-world use cases in payments, savings, and digital commerce, according to a press release. Soneium’s 7-million user ecosystem already includes Uniswap v4, Velodrome, Stargate, Lido, and native protocols like Kyo Finance and SuperVol. “Aave wants to be where…
The recent selloff in the broader crypto market has left Ethereum struggling to hold above its key support zones, with bulls attempting to stabilize after a sharp pullback. The asset’s trajectory remains under pressure as technical indicators show a mix of short-term relief and broader weakness. ETH price dynamics (Source:TradingView) Ethereum price today is hovering near $2,450, down over 3% on the weekly chart, and showing limited recovery after a volatile breakdown. The ongoing tug-of-war between buyers and sellers has brought heightened uncertainty and sparked renewed interest in why Ethereum price going down today despite a strong start to the…
The economic data expected to be released in the US has finally been shared: Average hourly earnings: +0.4% (expected: +0.3%) Nonfarm payrolls: +139K (expected: +130K) Annual salary increase: +3.9% (expected: +3.7%) Unemployment rate: 4.2% (expected: 4.2%) Private sector employment: +140K (expected: +120K) Manufacturing employment: -8K (expected: -5K) Average working hours: 34.3 hours Labor force participation: 62.4% (expected: 62.6%) According to LSEG data, employment growth expectations ranged from 75,000 to 190,000. In a Reuters poll, the market expectation was 130,000, a significant drop from the 177,000 figure released in April. The unemployment rate was expected to remain stable at 4.2%. Bank…
Crypto founder Edoardo Farina is reiterating his long-held view that 99% of XRP holders risk being priced out as inflation and economic pressures rise. In a recent disclosure, he claimed that owning more than 10,000 XRP is quickly becoming a luxury out of reach for the average person. He argued that XRP holders are increasingly forced to sell off their assets to cover basic living expenses as inflation rises and fiat currencies weaken. For context, with XRP worth $2.30 per coin today, acquiring 10,000 XRP requires a significant financial commitment of $23,000. This is a major hurdle in a global…