Author: NBTC

Institutional investors are moving past the testing phase and into large-scale adoption of digital assets, according to new research from State Street released Thursday. The custody bank’s 2025 Digital Assets Outlook found that more than half of surveyed institutions expect their exposure to digital assets to double over the next three years, signaling a growing comfort with blockchain-based investment tools. The survey, which gathered input from senior executives across asset management and asset ownership firms, points to tokenization of private equity and fixed income as the most likely starting point. Tokenization refers to the representation of assets, such as stocks…

The crypto sector is entering a new phase of maturity, with illicit transaction volumes on centralized exchanges falling to historic lows. This is according to a new analysis published by Binance, which uses independent data from Chainalysis and TRM Labs. Notably, the findings show that illegal activity now accounts for only a tiny fraction of global exchange volume. This marks one of the most evident signs yet that the industry’s compliance standards and detection systems have strengthened over the past two years. Illicit Activity Drops to 0.018–0.023% Across Major Exchanges Across the seven largest centralized exchanges by volume, only 0.018%…

Ethereum price is breaking through major support levels, falling below key high-time-frame zones and signalling increasing downside pressure that may mark the early stages of a deeper bearish cycle. Summary ETH now sits inside a lower trading range with weakened momentum Any bounce is likely to form a lower high within the downtrend Market structure suggests further downside toward the $2,100 support zone Ethereum’s (ETH) price action has entered a decisive phase as the market breaks beneath major structural support zones that once anchored bullish momentum. With Ethereum now trading below the $3,500 region, several high-time-frame levels have flipped into…

Fidelity’s digital asset custody expanded by just over $3 billion in the third quarter of 2025, rising from $45.13 billion on July 1 to $48.15 billion by September 30, according to data retrieved by Finbold research. Finbold extracted on-chain ETF holdings data for the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Fidelity Ethereum Fund (FETH), comparing snapshots from July 1 and September 30 to track changes in assets under custody. The resulting analysis highlights Ethereum as the primary driver of growth, reflecting the continued institutional embrace of smart contract platforms. Notably, the firm’s ETH holdings jumped from 625,770 ETH…

Summary Japan Exchange Group is considering new oversight for listed companies that hold large amounts of cryptocurrency, possibly including fresh audits. Three companies paused crypto accumulation after JPX warned about potential fundraising restrictions if crypto reserves became central. Metaplanet, now holding 30,823 bitcoin, says it follows all rules, but analysts see increased regulatory scrutiny of firms with major crypto exposure. Japan Exchange Group is considering stricter oversight measures for publicly listed companies that accumulate large cryptocurrency holdings, according to a Bloomberg report citing sources familiar with the matter. The Tokyo Stock Exchange operator is reviewing measures that could include requiring…

In a significant move that’s catching the attention of crypto enthusiasts, market maker Wintermute has executed a substantial Wintermute AAVE withdrawal from Kraken exchange. The transaction involved 24,124 AAVE tokens valued at approximately $4.1 million, according to blockchain analytics platform The Data Nerd. This strategic move raises important questions about institutional sentiment toward the popular DeFi token. What Does This Wintermute AAVE Withdrawal Really Mean? The recent Wintermute AAVE withdrawal represents more than just a routine transaction. When major market makers move assets off exchanges, it typically indicates a shift toward long-term holding strategies. Wintermute, as one of the largest…

BitMine Immersion (BMNR), the largest Ethereum-focused digital asset treasury (DAT) firm and helmed by Wall Street veteran Thomas Lee, is sitting on steep unrealized losses on its big bet on ether ETH$2,749.31. The firm reported Friday $328 million in net income for its fiscal year ended August 31, while fully diluted earnings per share came in at $13.39. It also declared a nominal dividend of $0.01 per share and announced plans to launch a staking infrastructure product, MAVAN (Made-in America Validator Network), in early 2026. Despite the positive headline earnings, Markus Thielen, founder of 10x Research, warned that the company,…

The gold market has recently recorded a crucial development when it comes to market capitalization. Thus, within just the past 45 days, the gold market has witnessed a spike of up to $4.77T in its market cap, triggering momentum around the leading cryptocurrency, Bitcoin ($BTC). Gold has gained $4.77 trillion in just 45 days, nearly 2x Bitcoin’s entire market cap.Markets are now starting to view gold and Bitcoin as correlated assets in the same macro trade. Once gold top outs, we will see liquidity flow into Bitcoin. Next $BTC pump will melt faces. pic.twitter.com/n0yjQR7QoQ — Ash Crypto (@Ashcryptoreal) October 9,…

Shares in publicly traded crypto exchange Bullish have fallen by more than 5% after the firm reported its Q3 earnings on Wednesday morning. The exchange reported record adjusted revenue and net income of $76.5 million and $18.5 million in Q3, respectively. That compares to $44.6 million in adjusted revenue and a net loss of $67.3 million during the quarter last year. “After posting record subscriptions, services, and other revenue (SS&O) and record profitability in the third quarter, we are continuing to see strong momentum in the fourth quarter,” said Bullish CFO David Bonanno in a statement. “Our recently launched options…

Wall Street bank JPMorgan is sharpening its view on U.S.-listed bitcoin miners as a wave of high-performance computing (HPC) deals reshape business models and add long-term revenue clarity. The bank upgraded Cipher Mining (CIFR) to overweight from neutral and raised its price target on the stock to $18 from $12. The shares were 4.2% higher in early trading, at $14.74. CleanSpark (CLSK) was also raised to overweight from neutral. The stock rose 4.6% in pre-market trading to $10.18. IREN’s price objective was lifted to $39 from $28. The bank maintained its underweight rating on the bitcoin miner. The shares were…