Author: NBTC

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…

Gnosis, the DAO behind Safe, CoW Swap, Gnosis Chain and Gnosis Pay, has voted to fire its treasury management partner KPK, with 88% voting in favor. Proposal GIP-143 cites “extensive community discussions” about KPK’s “performance, cost, risk exposure, and alignment with DAO objectives.” The GnosisDAO treasury is valued at over $175 million, according to DeFiLlama data. KPK, formerly Karpatkey, began as part of Gnosis before spinning-off into a separate entity last year. In a recent update, made on the same day as GIP-143, KPK detailed its efforts to cut costs from “$6.3 million in 2024 [to] $2.2 million in 2025…

BitMine, a crypto treasury company that accumulates Ether (ETH) and Bitcoin (BTC), said on Friday it plans to launch the “Made in America Validator Network” (MAVAN) to stake its ETH holdings. The company is piloting MAVAN with three staking infrastructure providers, ahead of the launch slated for the first quarter of 2026, according to an announcement from BitMine. Staking tokens to validate proof-of-stake (PoS) blockchains secures networks and generates revenue in the form of staking rewards paid out in the native token of the blockchain network, in this case, ETH. “At scale, we believe our strategy will best serve the…

Fed minutes reveal 50% policymakers expect two additional interest rate cuts before 2025 ends. Markets already price October and December cuts, but official dovish confirmation fuels investor sentiment. Lower rates weaken dollar, historically boosting Bitcoin and Ethereum as traders seek higher returns. Today’s all eyes are on the Fed Chair Jerome Powell who will speak today at 8:30 a.m. EST. Meanwhile crypto traders are watching closely for hints about future rate cuts. As recent Fed minutes show that 50% of the policymakers expect two more cuts by the end of 2025, a sign of a possible policy shift that could…

Coinbase (COIN) is rolling out decentralized exchange (DEX) trading to users in Brazil just days after the country’s central bank imposed sweeping new rules on crypto companies. The move gives Brazilians access to a significantly broader pool of tokens, expanding from a few hundred to potentially millions, without leaving the Coinbase app, the company said in an announcement on Wednesday. Coinbase already offers DEX trading for users in the U.S., as part of its push to become an “everything app,” a term for an application that offers a range of services in one platform. The update allows users to trade…

According to the latest metrics, mining bitcoin has officially climbed into the runner-up spot for proof-of-work (PoW) profits, landing just behind the privacy coin zcash. ZEC Mining Profit Increases Network’s Computational Might The digital currency zcash (ZEC) has been a standout mover in recent times, and today the privacy coin tacked on 18.7% against the U.S. dollar. Even with a 14% dip this week, its current $586 price tag keeps it 125% higher over the last 30 days. That climb has pushed the Zcash network to the top of the PoW heap, with ZEC’s Equihash stepping ahead of Bitcoin’s SHA256,…

The Cayman Islands injunction blocking Maple Finance from launching syrupBTC, a yield-bearing Bitcoin product, highlights the gap between “trustless” decentralized finance (DeFi) products and traditional legal frameworks, experts say. Earlier this year, the Core Foundation and Maple Finance teamed up to create IstBTC, a Bitcoin yield product that lets investors earn returns while keeping their assets safe with institutional custodians. Core now claims that Maple used information from that partnership to build a competing product, syrupBTC, in violation of an exclusivity contract. This week, a Cayman Islands court issued an injunction preventing Maple from launching syrupBTC or using Core tokens…

CipherOwl, a crypto compliance startup founded by former Coinbase and Cruise engineers Leo Liang and Ming Jiang, has raised $15 million in seed funding led by General Catalyst and Flourish Ventures, with participation from Coinbase Ventures and Enlight Capital. Originally reported by Fortune, the San Francisco–based firm develops artificial intelligence-driven tools to help financial institutions monitor blockchain transactions for suspicious activity as traditional banks and fintechs expand into digital assets. Liang and Jiang, who previously worked on Coinbase’s internal compliance systems, launched CipherOwl in 2024 to address what they describe as the “dark forest” of crypto — the web of…

The new Solflare Card brings self-custody crypto payments to everyday purchases, giving users direct access to their digital assets while paying at millions of merchants worldwide. How does the Solflare Card work with Mastercard payments? What security features protect this self-custody debit card? How does self-custody reach the checkout counter? What makes this non-custodial payment model different? How does this launch fit into Solflare’s broader strategy? What does the Solflare Card mean for everyday crypto spending? How does the Solflare Card work with Mastercard payments? From Zagreb in Croatia, Solflare has unveiled a new product developed with Mastercard: the Solflare…