Author: NBTC

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Decentralization is a spectrum. No doubt you’ve heard this before. After all, Bitcoin started out much more centralized than it is today: There were check points and single-digit node counts, and the hash rate is believed to have been concentrated mostly with Satoshi for at least the first year. But a spectrum needs two dimensions, otherwise it’s just a scale. For blockchains (and peer-to-peer networks more generally), the other dimension would be “interestingness” — the more decentralized something is, the more interesting it is. Pre-Bitcoin, e-gold…

Bella Protocol, an AI protocol that powers various DeFi products, announced a strategic partnership with GAIB AI, an AI platform designed to make AI computing more scalable and accessible. Bella Protocol is an AI-driven network that aims to simplify the accessibility of DeFi products, making them more simplified and user-friendly. On the other hand, GAIB is an AI blockchain network that tokenizes GPUs, making AI computing – the processing power needed to train and operate AI models – more accessible. The collaboration between the two firms is a tactical move to combine innovative AI abilities with DeFi, seeking to develop…

After a sharp decline from the $2,600 region, the Ethereum price today is struggling to hold above $2,240. The daily candle has closed in the red for three straight sessions, confirming a break below the critical $2,425–$2,450 demand zone. Intraday action is leaning heavily bearish, with RSI nearing oversold levels and MACD momentum weakening across multiple timeframes. What’s Happening With Ethereum’s Price? ETH price forecast (Source: TradingView) Ethereum’s 4-hour chart confirms a breakdown below the rising wedge structure that held throughout mid-June. Current price action is trading around $2,245, far below the 20/50 EMA cluster near $2,480–$2,525. Price also remains…

On Tuesday, the New York Stock Exchange filed a proposed rule change to allow the listing of an ETF from Trump Media & Technology Group, which would track Bitcoin and Ethereum, according to an SEC filing. The application comes just eight days after Trump Media, through a partnership with Yorkville America, filed a prospectus for the Truth Social Bitcoin and Ethereum ETF, which would feature a 75% Bitcoin and 25% Ethereum holdings ratio.  “The Exchange believes that the proposed rule change is designed to prevent fraudulent and manipulative acts and practices in that the shares will be listed and traded on the exchange pursuant to the…

VeChain has launched VeBetter Grants Program 3.0 to support projects that use blockchain technology and can be awarded up to $50,000 in B3TR. The Community Vote and milestone funding are included in the new system to promote openness and get users more involved. VeChain has launched a new version of its VeBetter Grants Program, introducing an improved structure aimed at fast-tracking blockchain-based sustainability projects. Under the revised initiative, there will be two types of grants: X-to-Earn and Ecosystem Infrastructure. The X-to-Earn Grant supports developers creating applications that reward sustainable behavior, such as recycling or clean energy use. A project allowed…

You may love WIENER DOGE. You may live for WIENER DOGE. But you cannot create WIENER DOGE, and then represent a group of plaintiffs in a lawsuit centered on an alleged theft of WIENER DOGE—that’s, at least, according to a new legal filing. In April, the creator of a Solana meme coin called WIENER DOGE (ever heard of it?) sued the popular crypto wallet Phantom, claiming that flaws in the wallet’s design led directly to the theft of over $500,000 worth of the token. Now, Phantom’s attorneys are hitting back, arguing in a motion this week that WIENER DOGE’s creator,…

Norway’s Green Minerals, will—along “with its partners”—invest up to $1.2 billion to establish a Bitcoin treasury, the Euronext Growth Oslo-traded company announced Tuesday. In a statement, Green Minerals, which mines deep sea minerals, said it aims to acquire its first Bitcoin over the “next few days,” as it pursues a wider strategy to invest more in blockchain integrations. “Bitcoin’s decentralized, non-inflationary properties make it an attractive alternative to traditional fiat,” said Green Minerals Executive Chairman Ståle Rodahl, in a statement. “By integrating a Bitcoin treasury strategy, we are not only mitigating fiat risks but also reaffirming our commitment to financial…

SoonChain is working in partnership with Nubila, the decentralized weather intelligence network, to bring real-world weather data into the Web3 gaming infrastructure. This partnership will feature the integration of the decentralized process of Nubila that will present dynamic weather responsiveness within in-game environments with the SoonChain layer-2 (L2) blockchain powered by AI. The integration will enable the developers to create> 📣 Partnership Announcement: SoonChain x Nubila 🌦️🎮We’re thrilled to team up with @nubilanetwork the world’s first decentralized weather intelligence network. 🌐☁️By combining Nubila’s real world weather data with SoonChain’s AI powered gaming and smart contract… pic.twitter.com/bgscHGwY9E — SoonChain 🟦 Testnet🔛…

Twenty One Capital’s co-founder, Jack Mallers, has announced via his X account that the Bitcoin treasury company has now implemented a Proof-of-Reserves protocol. According to Mallers, the latest implementation would allow anyone to audit the company’s accounts, which means people get to verify that Twenty One Capital actually owns the Bitcoins they claim to hold. Twenty One’s Proof of Reserves is live.Anyone in the world can now audit and verify that we own the #Bitcoin we say we do.You can’t do this with gold. #Bitcoin is the best money in human history.At Twenty One, we are bringing #Bitcoin to the…

Leading altcoin Ethereum broke below its narrow consolidation range on Friday, marking the beginning of a sustained downtrend poised to continue into the new week. The altcoin dipped below $2,300 for the first time in a month, as the tensions between the US, Israel, and Iran escalated yesterday. The breakdown has triggered a surge in sell-side pressure across the Ethereum futures market, raising concerns of a deeper decline ahead. Ethereum Bears Tighten Grip The bearish bias against ETH is reflected by its taker buy/sell ratio, which has consistently posted negative values since Friday. At press time, this stands at 0.93…