Author: NBTC

The recent wave of companies adding bitcoin to their balance sheets has not yielded universally positive results. Semler Scientific (SMLR), a medical technology firm that pivoted into bitcoin treasury strategy, has seen its stock fall over nearly 50% in 2025 to nearly the level it was at a bit more than one year ago when it first began to accumulate BTC. The company’s premium to its net asset value (NAV), often referred to as multiple-to-NAV (mNAV), has dropped below 1x. On a basic share count basis, its market cap sits at approximately $420 million compared to bitcoin holdings valued around…

In a recent move that has caught the attention of the crypto community, 2,000,000 Chainlink (LINK) worth approximately $31.2 million were transferred in minutes from Robinhood to an unknown wallet. The large transaction, flagged by on-chain trackers, occurred in a single transaction. Blockchain data tracker Whale Alert reported, “2,000,000 LINK worth $31,244,919 transferred from Robinhood to unknown wallet.” 🚨 🚨 2,000,000 #LINK (31,244,919 USD) transferred from #Robinhood to unknown wallethttps://t.co/fR4LBCRVut — Whale Alert (@whale_alert) May 20, 2025 Although the exact reason for the move remains unknown, such transfers might have various implications. Withdrawals from exchanges imply buying, while deposits might…

Crypto tax exemptions failed to make it into President Donald Trump’s “Big, Beautiful Bill” earlier this week—but the perks may soon be headed back to the Senate floor, in the form of standalone legislation. On Thursday, Sen. Cynthia Lummis (R-WY), who had pushed unsuccessfully to include crypto tax perks in Congress’ sweeping reconciliation bill, introduced comprehensive digital asset tax legislation that the senator promised would secure “key victories for the digital asset industry and create a level playing field for digital asset users across the country.” “In order to maintain our competitive edge, we must change our tax code to…

This is a segment from The Drop newsletter. To read full editions, subscribe. A crypto researcher has whipped up an open-source payment processor within a week that lets a buyer tap a crypto wallet on a mobile device to pay for items without any processing fees typical of credit cards and terminals like Square. Tim Robinson, head of crypto research at VC firm BlueYard, shared a video of the device in action this week making a payment with the MetaMask app on his phone. The terminal, which he’s dubbed FreePay, has a few different components, including an NFC reader and…

NIP Group, the umbrella company of the world-famous e-sports organization Ninjas in Pyjamas (NiP), announced that it has entered the Bitcoin mining industry. Esports Giant Ninjas in Pyjamas Gets Into Bitcoin Mining: Aims to Produce $6.5 Million in BTC Monthly The company aims to produce 60 BTC per month by purchasing a series of mining rigs with a total computational power of 3.11 EH/s (exahash/second), which corresponds to a production value of approximately $6.5 million at current prices. However, this production represents gross income; net income may differ once expenses such as electricity and operating costs are deducted. NIP Group…

The Strategy stock price has moved into a technical correction after falling 14% from its highest point this month. MSTR dropped to $370, well below this month’s high of $430, as Bitcoin (BTC) and other cryptocurrencies declined. It has fallen to its lowest level since April 30 and has underperformed Bitcoin, which is down just 5% from its highest point this year. Strategy stock typically tracks Bitcoin’s performance, as the company is the largest corporate holder of the cryptocurrency globally. It acquired over 4,000 coins last week, bringing total holdings to 580,250 BTC, currently worth over $61 billion. Strategy has…

In one of the most extreme ETH trading twists, one of the largest crypto whales whose wallet takes the name “0xFa5D…” has recently taken a huge short position on Ethereum (ETH), after a major long trade resulted in a loss of more than $3.56 million. A whale just flipped to short $ETH!Whale “0xFa5” just deposited $15.66M $USDC back into #Hyperliquid to short $ETH with 10x leverage, following a $3.56M loss on an ETH long earlier today.📊 Current ETH trade:• Size: 28,679 $ETH (~$70.1M)• Entry: $2,443.92• Liquidation:… pic.twitter.com/bmyF9zMX3i — Spot On Chain (@spotonchain) July 2, 2025 The active trades in the…

Treasury Secretary Scott Bessent testified today before the House Ways and Means Committee on the sweeping tariffs imposed by President Trump. Bessent left London late after trade talks with China and returned to Washington in the early hours of the morning. Speaking to the press before leaving the historic Lancaster House near Buckingham Palace where the talks were held, Bessent said regarding the China talks, “We had productive talks for two days and the process is still ongoing.” While the main agenda of today’s session was Treasury Department priorities, Bessent’s information on trade talks with China generated considerable interest among…

The Shiba Inu team is again highlighting the importance of ecosystem growth, suggesting these fundamentals will attract those who value the asset. The broader crypto market is witnessing a period of muffled price action, and Shiba Inu (SHIB) and its ecosystem tokens have not escaped the consolidation spell. Pessimism Amid Shiba Inu Downtrend Particularly, after hitting a local top of $0.00001765 last week, Shiba Inu spent most of the week in a downtrend amid persistent bearish pressure in the broader market. SHIB lost 5.72% of its value last week and is already down another 4.87% this week. Notably, Bone ShibaSwap…

The U.S. House of Representatives has officially designated the week of July 14–18 as “Crypto Week,” signaling a major legislative push focused on digital asset policy and federal oversight. Lawmakers will vote on three significant pieces of legislation that could reshape the future of cryptocurrencies and government-backed digital currencies. According to an announcement shared by House Financial Services GOP and confirmed by journalist Eleanor Terrett, the House will consider the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act during this critical week. These bills touch on core issues such as regulatory transparency, innovation in digital finance, and…