Author: NBTC

Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Strategy aims to go even bigger, Metaplanet get more ambitious with Bitcoin buying plans, and Coinbase highlights shifting altcoin drivers amid an earnings miss. Strategy Double Up Strategy wants its Bitcoin treasury to be the largest corporate treasury ever. And yes, that means the company is looking to overtake Warren Buffet’s Berkshire Hathaway, which currently had a Scrooge McDuck-worthy $328 billion in cash and cash equivalents sitting in the bank as of Q1. We’ll get a better idea of how much cash…

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Solana’s Seeker Phone Fixes Saga’s Flaws With Usability Upgrade Base Says Sequencer Failure Caused Block Production Halt of 33 Minutes Solana’s Jito Proposes Routing 100% of Block Engine Fees to DAO Treasury Cardano Community Approves $70M Core Dev Budget, Boosting ADA Prospects Network news SOLANA SEEKER PHONE BEGINS SHIPPING: The Solana Seeker phone is not your average smartphone, nor does it want to be. Building on the lessons of its predecessor, the Saga,…

Nasdaq-listed carbon management company DevvStream Corp. has officially launched its cryptocurrency strategy. The company announced on Friday that it had purchased $10 million worth of Bitcoin and Solana. DevvStream had previously issued $300 million worth of secured convertible notes to finance its crypto investments. Founded in 2021, DevvStream provides carbon credits to companies developing renewable energy production, energy efficiency projects, and forest protection initiatives. The company’s new move has placed it among publicly traded companies diversifying their balance sheets with crypto assets. This strategy was initially pioneered by Strategy, a firm focused solely on Bitcoin. DevvStream stated in a statement…

Intellistake Technologies Corp. has activated its institutional-grade self-custody wallet and validator infrastructure, according to details provided to Finbold on August 6. The secure wallet infrastructure is powered by Fireblocks through a partnership with Singularity Venture Hub. “With our infrastructure now live, we’ve taken the first key step toward securely participating in blockchain networks,” said Jason Dussault, CEO of Intellistake. “We’ve established the operational capabilities to support validator activity, digital asset management, and future growth in decentralized technologies.” The company has also made its validator node operational on Fetch.ai, part of the Artificial Superintelligence Alliance with a combined market cap of…

Ethereum (ETH) significantly outshined Bitcoin (BTC), precious metals, bonds, top commodities, and the equities market in July. Although Bitcoin price reached a new all-time high (ATH) in July, the second-largest crypto posted a massive 48% gain for the month, strongly outperforming Bitcoin’s 7.9% rally and pushing right up against the crucial $4,000 resistance level. According to an analysis by Ecoinometrics, the “risk-on” sentiment that lifted all markets in July clearly favored Ether the most. A key driver for this outperformance was the massive success of the new U.S. spot Ethereum ETFs, which pulled in approximately $5.4 billion in net inflows…

As traditional carbon markets collide with blockchain, DevvStream makes its first move, allocating treasury funds to Bitcoin and Solana. Meanwhile, the firm’s $300 million credit expansion could fuel a new era of tokenized environmental assets. Summary DevvStream allocates treasury funds to Bitcoin and Solana in a strategic crypto pivot. The firm views Bitcoin as a stable reserve asset and Solana as infrastructure for tokenized carbon markets. A proposed $300 million credit facility expansion would scale its blockchain-based sustainability strategy. On August 1, Nasdaq-listed carbon management firm DevvStream announced the initial deployment of its crypto treasury strategy, purchasing Bitcoin (BTC) and…

REI Network, a decentralized public blockchain, has started a dynamic collaboration with Kima Network, an advanced cross-chain settlement entity. The key objective of the partnership is to deliver seamless settlement across chains. The official social media announcement from REI network asserts that the development intends to bridge diverse blockchains, digital economics, and digital assets. Hence, the consumers can expect relatively rapid, gasless, and more accessible blockchain infrastructure. 🦾 Meet Kima! Our newest cross-chain settlement partner connecting assets, chains, and worlds.@KimaNetwork delivers an asset-agnostic settlement layer enabling seamless fiat↔️crypto, DeFi/GameFi payments, and hybrid transactions across multiple ecosystems.Together with REI… pic.twitter.com/80fuJvjJkX —…

The NFT market saw a remarkable resurgence in July, outpacing DeFi in terms of user activity, according to an Aug. 7 DappRadar report. The shift marks a significant milestone and could indicate that NFTs are once again capturing the public’s attention following significant lull that has lasted since their fall in the 2022 bear market. NFTs volume surge in July DappRadar data showed that NFT trading volume surged by 96%, reaching $530 million in July. However, the total number of transactions fell by 4%, with only 5 million NFTs changing hands during the month. The trend reveals a clear shift…

Binance and Coinbase wallets just dumped millions worth of Ethereum, and they didn’t do it quietly. This was a coordinated takedown to flush leveraged longs. Once the market collapsed and those positions were gone, the same hands that sold started pumping the price right back up. The Friday crash didn’t come out of nowhere. The entire crypto market had been sliding for days, and then it buckled. More than $708 million in liquidations hit across the board, most of them long positions. Traders using leverage got wiped out. Ethereum was hit harder than most, dropping from $4,000 to $3,500 in…

Shares of US crypto companies fell sharply on Friday amid a broader sell-off in risk assets, driven by disappointing economic data and renewed tariff threats. Shares of Coinbase (COIN), Riot Platforms (RIOT) and CleanSpark (CLSK) dropped between 7% and 16% in Friday trading. The declines mirrored broader market weakness, with the Dow Jones Industrial Average losing over 600 points, the S&P 500 falling 1.6% and the Nasdaq Composite down more than 2% in early trading. Coinbase’s losses extended a sell-off that began after hours on Thursday, following the company’s disappointing quarterly results. The crypto exchange reported $1.5 billion in revenue…