Author: NBTC

MicroStrategy, now operating under the name Strategy, is moving forward with plans to sell up to $2.1 billion worth of preferred stock. The company intends to use the funds primarily for additional Bitcoin purchases. The offering will be made over time through a sales agreement with TD Securities, Barclays Capital and The Benchmark Company, which will act as sales agents. The offered shares are part of Strategy’s 10.00% Series A Perpetual Stock, listed on Nasdaq under the ticker symbol “STRF.” Each share has a liquidation preference of $100 and pays a cumulative annual dividend of 10%, if declared. As of…

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Rest in Peace, Coinbase Wallet. No, the app itself isn’t going away, but it is getting a new name. On its X profile, its name is crossed out and replaced with a ‘TBA’ and a few question marks. “There’s plenty of speculation about what it means, but I’m leaning toward ‘The Base App.’ That would fit…

Cryptocurrency exchange Binance announced that it will remove the “Monitoring Tag” and “Seed Tag” applications on some tokens as of July 9, 2025, as a result of its latest evaluations. Binance Removes Tracking Tag for ZEC, Seed Tag for ENA, PYTH, TAO, and W Token to Remove Tracking Tag: Tokens to be Seed Tag Removed: Ethena (ENA) Pyth Network (PYTH) Bittensor (TAO) Wormhole (W) Binance notes that tokens carrying a “Watch Tag” generally carry higher volatility and risk than other crypto assets. These tokens are subject to regular review and may be at risk of being removed from the platform.…

San Francisco-based payments company Ripple is seeking to obtain a U.S. banking license from the Office of the Comptroller of the Currency (OCC). Ripple CEO Brad Garlinghouse confirmed the application for a national bank charter on X shortly after the Wall Street Journal reported the development. Dual Oversight for RLUSD If approved, the national bank charter will enable Ripple to bring its dollar-pegged stablecoin (RLUSD) under full federal banking supervision. The company obtained a state banking license for its stablecoin from the New York Department of Financial Services (NYDFS) last year. According to Garlinghouse, once the OCC approves Ripple’s national…

The cryptocurrency world has scored another victory following Donald Trump’s return to the White House. Two separate investigations into crypto prediction platform Polymarket, which intensified in the final days of the Biden administration, were closed under Trump. A source familiar with the matter revealed that the US Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) informed Polymarket earlier this month that their investigations had ended. Polymarket gained significant traction during the 2024 election cycle when users used cryptocurrency to predict political outcomes. However, this popularity sparked investigations into whether the platform was accepting transactions from US users,…

The integration is a showcase of the platform’s ongoing commitment to creating infrastructure for financial systems that anyone can access, by ensuring compliance and offering composable yield products. This also creates a path for further fusions of Liquid Yield Tokens (LYTs) into Etherlink’s ecosystem, offering various use cases that include collateralized lending, risk tranching, and portfolio management. Midas’ New Collaboration According to a press release shared with CryptoPotato, the institutional-grade asset tokenization platform is steadily developing on Etherlink. The focus is on creating secure, transparent, and efficient structures that allow investors to access the performance of select reference strategies through…

Bitcoin (BTC) project Roxom Global is building a BTC-denominated securities exchange and a 24/7 media network dedicated entirely to bitcoin. Roxom has raised $7.9 million in investment for its exchange from Draper Associates, Borderless Capital, ego death and Kingsway Capital and $10 million in a private funding round round for RoxomTV, according to an announcement shared with CoinDesk on Thursday. Its building a bitcoin-denominated exchange with futures, spot markets and synthetic instruments priced and settled in BTC. Roxom aims to “bring Bitcoin standards to global finance,” CEO Borja Martel Seward said in the announcement. The exchange is focused on Latin…

Hedge funds have been aggressively shorting ether (ETH) during the recent uptick to $3,000 as they attempt to harvest a yield by carrying out a basis trade. Hedge funds are shorting ether to the tune of $1.73 billion on the CME, a venue favored by institutional traders, according to data from the Block, which cites the CFTC. CME data also shows that ether leveraged net totals have skewed heavily to the short side, according to X account zerohedge. Ether leveraged shorts going all-in: biggest short on record pic.twitter.com/PYuDvJdMhW— zerohedge (@zerohedge) July 13, 2025 A basis trade involves shorting an asset…

Trump calls on Jerome Powell to resign, accusing him of misleading lawmakers about the cost of expensive renovations at the Fed’s headquarters. US President considers new contenders for the positions of Fed. U.S. President Donald Trump has called for Federal Reserve Chair Jerome Powell to resign if the allegations against him prove to be true. Powell has been accused of misleading lawmakers about the cost of expensive renovations at the Fed’s headquarters and of failing to cut interest rates in recent months. Trump Urges Jerome Powell to Resign As Fed’s Chair On Tuesday, during a cabinet meeting, President Trump said…

Meta Pool has launched a targeted incentive program designed to safeguard validator profitability and ensure a smooth transition to community-led governance. Key takeaways Meta Pool has launched a new incentive program to support validators and delegators ahead of NEAR’s proposed inflation cut. The initiative introduces APY boosts, infrastructure subsidies, and discounted NEAR rewards to ease the impact of reduced staking emissions. The effort aligns with NEAR’s transition toward community-driven governance, with a validator vote on the inflation change expected in July. The announcement follows a proposal by HOT DAO to reduce staking reward emissions, an initiative currently under discussion in…