Author: NBTC

Revolut has begun a secondary share sale valuing the fintech at $75 billion, allowing employees to sell up to 20% of their holdings in one of Europe’s largest private tech transactions to date. Summary Revolut has launched a $75B secondary sale, letting employees sell 20% of their shares. The company nearly doubled revenue and profit in 2024, fueling strong investor demand. Expansion into U.S. banking and crypto products strengthens its global growth path. The deal, reported on Sept. 1 by Reuters, prices shares at $1,381 each and comes just a year after a $45 billion secondary sale led by Coatue,…

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine how stablecoins have become a tool for preserving value in Venezuela, facing increasingly high inflation and devaluation indices. Latam Insights Encore: Venezuela Is a Statement on the Possibilities Brought by Stablecoin Adoption Stablecoin have taken the world by storm, and their adoption has reached peak numbers in Venezuela, an economy that is facing distressing circumstances. The local and international press have reported an increasing adoption of stablecoins, principally USDT, as a tool for managing…

U.S. stocks are flashing signs of euphoria, contrasting with a muted crypto market as traders look to divine clues on what’s next. The Bank of America’s Global Equity Risk-Love indicator, which provides a gauge of investor sentiment, suggests that investor positioning, volatility, and technicals in the stock market are becoming dangerously bullish.  “BofA’s Global Equity Risk-Love indicator jumped to 1.4, its highest in 13 months,” The Kobeissi Letter wrote in a tweet on Monday. “This metric has surged from panic levels to euphoria in just 4 months. Since 1987, sentiment has only been higher 7% of the time.”  Since…

Chinese investors have borrowed a record amount to buy local stocks, offering risk-on cues to global markets, including cryptocurrencies. However, crypto traders still appear to be more cautious. According to Bloomberg, margin trades outstanding in China’s onshore equity market surged to 2.28 trillion yuan ($320 billion) on Monday, surpassing the previous 2015 peak of 2.27 trillion yuan. Margin trading, which involves borrowing money from brokers to purchase securities, represents a form of leverage that reflects investors’ risk appetite and confidence in the market. This record surge in margin trades underscores a strong risk-on sentiment amid the ongoing stock rally. The…

Mastercard’s Head of Crypto Europe, Christian Rau, explained that the company sees cryptocurrencies as a potential payment technology rather than a “financial revolution.” Mastercard: Sees Crypto as Payment Technology, Not a “Revolution” Rau emphasized that Mastercard’s strategy is based, above all, on “safe and legally compliant payments.” Rau stated that stablecoins (crypto assets whose value is typically pegged to fiat currencies like the dollar) could improve the efficiency of international payments. However, he added that these assets are unlikely to replace the traditional safeguards offered by the current financial system. The Mastercard executive stated that the company currently has no…

Salvo Games, a prominent GameFi platform, has partnered with Last Odyssey, the earliest AI-driven MMORTS 5X game developed on the Ronin Network. The partnership is aimed at merging cutting-edge technology and next-gen Web3 gaming. As revealed by Salvo Games in its official X announcement, the collaboration indicates the potential of community-led growth in the broader decentralized gaming world. Hence, this move is expected to substantially accelerate visibility, particularly with the 2nd public test of Last Odyssey that is scheduled to occur in October. 🤝 Excited to partner with @LastOdyssey_io — the first AI-powered MMORTS 5X #Game built on @Ronin_Network.From in-game…

Ocean Mining reports that a small, $500 application-specific integrated circuit (ASIC) Nerdminer, humming along at about 5 terahash per second (TH/s), managed to hit a block — a feat that would typically demand a wait of more than 3,500 years. DATUM-Driven Baby Nerdminer Stuns Network by Beating 960 EH/s Odds On social media, people have been discussing how a small miner struck a block through Ocean Mining’s solo setup and the DATUM (Decentralized Alternative Templates for Universal Mining) protocol. The system connects mining hardware with a Bitcoin full node — in this instance, Start9labs infrastructure — enabling direct block submission…

The cryptocurrency world is buzzing with significant news: Digital Currency Group (DCG), a prominent investment firm in the digital asset space, is reportedly planning a monumental move. International reports indicate that DCG aims to raise a substantial $500 million through an initial public offering (IPO) in Hong Kong. This potential DCG Hong Kong IPO marks a pivotal moment, signaling growing institutional confidence in the crypto sector and a strategic focus on Asian markets. What is Driving the DCG Hong Kong IPO Ambition? Digital Currency Group stands as a powerhouse within the cryptocurrency ecosystem, owning key players like Grayscale Investments and…

Two California men are facing federal charges for allegedly funneling high-performance AI chips to China in violation of U.S. export laws designed to protect sensitive technology, the U.S. Department of Justice said on Tuesday. Chuan Geng of Pasadena and Shiwei Yang of El Monte were charged Monday in Los Angeles with conspiring to violate the Export Control Reform Act. Prosecutors allege the pair used their company, ALX Solutions Inc., to illegally ship restricted graphics processing units—known as GPUs—to China through third-party shippers in Southeast Asia, masking the final destination.  Federal agents took both men into custody on Saturday. Geng,…

Chinese investors are borrowing record sums to buy local equities, signaling a renewed appetite for risk across global markets. Yet, crypto traders are in a “wait-and-see” state, even as leverage in mainland China’s stock exchanges climbs to levels not seen since 2015. According to Bloomberg, margin trades outstanding in China’s onshore equity market rose to 2.28 trillion yuan ($320 billion) on Monday. The figure surpassed the previous peak of 2.27 trillion yuan set during the equity frenzy of 2015. Margin trading, which allows investors to borrow from brokers to buy securities, is used in stock markets as a gauge of…