Author: NBTC

When a Bitcoin treasury trades for less than the Bitcoin it holds, the cheapest way to increase gross Bitcoin exposure per share may be to buy back its own stock. UK-listed B HODL Plc tested that inversion during its first week of repurchases. It paid about £37,985 before fees to retire 823,400 shares, generating about 24% more gross sats-per-share accretion per pound than using the same cash to buy Bitcoin at the comparison price. That 24% edge is before fees, and the numbers stop short of showing a full NAV-per-share gain. B HODL’s official dashboard on July 19 showed 166.487…

The formation of a major technical pattern on Ethereum ($ETH) has begun to influence the performance of related highly liquid assets in the ERC-20 ecosystem. As $ETH prepares to break through resistance, the Shiba Inu ($SHIB) spot market has recorded an unusual redistribution of capital among major players, confirming the token’s status as the main proxy asset of the current market cycle. A symmetrical triangle has formed on Ethereum’s 12-hour chart. According to Ali Martinez’s analysis (Ali Charts), the previous breakout from a similar formation drove a 31% gain in three days. A breakout above resistance at $2,474 would put…

Coinbase US500 futures reached a $100 million milestone, giving the exchange an early test of whether a crypto-native trading mechanism can travel into regulated US equity markets. The chart attached to Armstrong’s Aug. 28 post tracked trailing 24-hour matched volume after US500 began trading on Aug. 17. It ended at an annotated $104 million near Aug. 25-26, after lower readings across most of the contract’s first week. Coinbase product-page, roughly 15 hours after Armstrong posted, showed $7.22 million in 24-hour volume and $3.01 million in open interest. Funding was negative 0.0001%, with shorts paying longs. The data covers different rolling…

$SUI Group Holdings has lent 6 million $SUI tokens to Bluefin Markets under an uncollateralized agreement that lets the borrower reuse the assets and gives the Nasdaq-listed treasury company a share of Bluefin’s revenue. The arrangement may improve income, but $SUI Group has not disclosed the revenue base needed to show that it can compensate for the added counterparty and liquidity risk. The company’s Aug. 6 results filing said it held 109.1 million $SUI as of Aug. 3, including the 6 million $SUI recorded as loan receivables. It marked the total position at $75.3 million using a $0.69 $SUI reference…

Senator Cynthia Lummis says the CLARITY Act will not fail over ethics concerns. But the bill could instead fail if Democrats refuse to support what she calls a bipartisan plan for consumer protection.Lummis said Democrats now face a choice: support American innovation and strong consumer protections, or let China take the lead in finance. Democrats Could Kill the CLARITY Act The CLARITY Act passed the Senate Banking Committee with strong bipartisan support in a 15-9 vote. Senator Cynthia Lummis said the U.S. must move quickly to create clear rules for digital assets and keep America at the forefront of the…

Bybit has announced the launch of perpetual trading for $PONSUSDT, a move that underscores the exchange’s commitment to expanding its altcoin offerings. This news, shared by crypto commentator @Bybit_Official, highlights ongoing shifts in trader interest as the broader market navigates mixed signals. With this listing, traders can utilize up to 20x leverage, potentially enhancing participation in this growing sector. The Key Development The introduction of $PONSUSDT on Bybit comes at a time when the cryptocurrency market is experiencing diverse momentum across various altcoins. Traders are keen on exploring this new perpetual contract, which allows for leveraged trading, thus attracting attention…

The activation of the controversial BIP-110 soft fork, designed to cleanse Bitcoin of NFT-like Ordinals inscriptions for one year, is entering the final stretch. Exactly three weeks remain until the deadline at block 961,632, when nodes supporting the project will begin forcibly rejecting blocks that do not signal support for the upgrade. Activists attempted to frame support for BIP-110 as the ultimate test of being a “true Bitcoiner”. However, in response to claims that the soft fork would separate real Bitcoiners from fake ones, Blockstream CEO Adam Back offered a rather blunt assessment of his opponents’ competence and stated directly:…

Is Ethereum’s outperformance in Q3 because of Bitcoin’s weakness? Judging from the rotation standpoint, yes. According to Bitcoin’s quarterly framework, the dominant asset’s dominance grew by 1.5% on a quarterly basis so far, while Ethereum’s dominance is up by over 25% on a quarter-over-quarter basis. This implies that there has been a significant rotation into $ETH and higher beta assets in general as $BTC approached the $80k resistance. Further supporting this trend, the $ETH/$BTC ratio is also up by over 25% in Q3, which is its highest quarterly increase since Q3 2025. However, the ratio remains in the 0.03 resistance…

Delaware Life Insurance Company’s 2025 balance sheet took on a startling new shape when the insurer corrected its annual filing: roughly $17 billion of investments were classified as related-party holdings, about 39% of invested assets, versus roughly $1.4 billion and 3% in the earlier version. Clear Spring Life and Annuity Company made a separate correction of about $4.6 billion, taking the two revisions above $20 billion across companies connected to financier Mark Walter. Transactions with related entities are permitted under state insurance oversight, and the corrected labels say nothing conclusive about loan quality. They expose how a model built around…

The Baltimore-based asset manager launched TKNZ as the industry’s first actively managed multi-token spot crypto ETF. Unlike traditional spot bitcoin or ether ETFs, the fund gives managers discretion to adjust holdings across a basket of cryptocurrencies based on research, market conditions and risk management. It currently carries a 0.75% management fee under a temporary fee waiver through May 2027. For many investors, memecoins remain synonymous with speculation. Macellari argued that view overlooks the role established memecoins play within blockchain ecosystems. “These are established memecoins,” she said. “These are tokens that have been around for years and are among the largest…