Author: NBTC

GameSquare, a digital media company with an Ethereum treasury strategy, said Thursday that it acquired a rare CryptoPunk NFT for $5.15 million worth of preferred shares. The Ethereum-based NFT was previously owned by Robert Leshner, who founded the decentralized lending protocol Compound and now serves as CEO of crypto asset manager Superstate. His preferred shares can be converted into common stock at $1.50 per share, GameSquare said. Featuring “Cowboy Hat” and “Ape” as traits, the CryptoPunk is among the 24 rarest NFTs from the iconic collection of 10,000 pixelated profile pictures, per marketplace OpenSea. Lesher purchased the NFT for 2,501…

A closely followed crypto analyst is revealing two bullish scenarios that would lead the top smart contract platform Ethereum (ETH) to a price tag of $6,000. In a new strategy session on the TechnicalRoundup podcast, pseudonymous crypto trader DonAlt says the best-case scenarios for ETH right now are trading sideways or ripping up to new highs before pulling back. “I would much rather have this basically go sideways here, or just like either rip like completely just go up and then pull back from much higher. Basically, you go towards $6,000 and then you pull back from $6,000 to $4,000.…

The U.S. is on the verge of passing landmark crypto legislation, and if it succeeds, the impact could be profound, not only by unlocking growth, but by significantly reducing risk, asset manager Bitwise said in a report on Monday. The growth story is straightforward according to Bitwise. Regulatory clarity would empower major financial institutions, such as JPMorgan (JPM), BNY Mellon (BK), Nasdaq (NDAQ), to fully build in crypto, the report said. That means billions in new investment and a path to migrate trillions of traditional assets onto blockchain rails. The infrastructure is ready; it just needs Washington’s go-ahead, according to…

Kaspa price is up 15% in the past week as it hovers near the $0.1 mark. In the past 24 hours, Kaspa (KAS) has recorded a notable 30% increase in daily trading volume to over $131 million. KAS price was at $0.092. According to data from Coinglass, the KAS token trades with a 2% uptick in open interest to $199 million. Meanwhile, derivatives volume has surged 49% to over $252 million. With digital assets in bullish territory amid key developments during the “crypto week”, KAS price may eye a breakout to $0.2 – an area of its all-time high seen…

India’s crypto users continue to struggle with the high taxes and a lack of clear regulations. Former MP Ritesh Panday has once again stood up for India’s crypto community and is urging the government to cut 30% tax, remove the 1% TDS and bring in clear regulations. Over-Regulation Could Kill India’s Web3 Potential He explained how buying an NFT involves three steps, buying crypto, transferring it to a wallet, and making the purchase, With the current rules, 1% TDS is charged at every stage. He warned that this kind of policy creates red tape, stifles innovation, and could kill a…

Coinbase, the largest US-based exchange by trading volume, has added three new altcoins to its listing roadmap, signaling a potential upcoming listing. The tokens include BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX). Notably, the announcement triggered price surges for all three, with BNKR seeing the largest double-digit pump. Coinbase Adds BNKR, JITOSOL, and MPLX To Listing Roadmap The exchange announced the decision in a recent post on X (formerly Twitter). The announcement included the contract addresses for each asset: BNKR’s Base network address: 0x22af33fe49fd1fa80c7149773dde5890d3c76f3b. JITOSOL: J1toso1uCk3RLmjorhTtrVwY9HJ7X8V9yYac6Y7kGCPn MPLX: METAewgxyPbgwsseH8T16a39CQ5VyVxZi9zXiDPY18m However, Coinbase emphasized that the launch of trading for these…

Bitcoin (BTC) has recorded impressive growth figures, with an over 12% increase in the last 30 days. Despite this significant growth, investors continue to anticipate staggering breakout numbers, as highlighted by Matt Hougan, Bitwise’s chief investment officer (CIO). Bitcoin’s historical data supports growth projections In a post by Bitwise, Hougan predicts that the flagship cryptocurrency could soar to $200,000 by the end of 2025. That is, the coin must increase by an additional $81,000, representing almost 70% growth. This bold prediction reflects Hougan’s bullish outlook for Bitcoin’s future performance. “I asked ChatGPT” “I asked Grok”Well, I asked @Matt_Hougan, and he…

The traditional financial world is witnessing record-breaking interest in Ethereum. Ethereum spot ETFs attracted approximately $2.18 billion in investment over the past week, with net inflows of 677,000 ETH. This represents the highest weekly inflow in Ethereum ETF history. Ethereum Spot ETFs Break Record: Weekly Inflows $2.18 Billion, ETHA Tops Volume Thanks to these massive inflows, the total on-chain holdings of Ethereum ETFs, measured by known on-chain addresses, reached an all-time high of 5.15 million ETH. During the same period, trading volume for Ethereum ETFs also exploded. Total weekly volume reached $10.5 billion, representing an average daily trading volume of…

Disclaimer: The analyst who wrote this article owns shares in Strategy. Strategy’s (MSTR) aggressive bitcoin acquisition strategy has dramatically boosted the value of its convertible debt. With bitcoin steady near its record price and the company’s shares rebounding toward $450, five of the six bonds outstanding are deep in the money, meaning the stock price exceeds their conversion prices. Only the 2029 note, with a high $672.40 conversion price, remains out of reach. The Tysons Corner, Virginia-based company issued convertible notes totaling $8.2 billion in notional principal with ultra-low average coupons of just 0.421%. The bonds, which mature between 2028…

The Stellar Development Foundation is ramping up its growth plans by appointing former leaders from PayPal and Block. In just the past week, XLM has surged over 85%, and is now sitting only about 50% away from its all-time high of $0.90. Stellar is gearing up for transformation. To set things in motion, the Stellar Development Foundation has brought in some heavy hitters, poaching talent straight out of PayPal and Jack Dorsey’s Block. Jason Karsh, who helped shape strategy at Block’s Bitcoin hardware division and also held key roles at Coinbase, is now leading Stellar’s global marketing efforts. His job?…