Author: NBTC

Grayscale Investments is shifting the investment strategy of its Grayscale Bitcoin Miners ETF (ticker: MNRS), redirecting the fund from tracking Bitcoin mining companies to a computing index focused on artificial intelligence (AI) and high-performance computing (HPC) infrastructure. The change, reported by Bloomberg ETF analyst James Seyffart, marks a notable pivot for one of the first crypto-mining-focused exchange-traded funds. From Bitcoin Mining to AI Computing The Grayscale Bitcoin Miners ETF, which launched in early 2024, originally tracked an index of publicly listed companies primarily involved in Bitcoin mining. Under the new strategy, MNRS will follow a Computing Index that includes firms…

Interactive Strength’s crypto treasury of $FET tokens was liquidated in late 2025. On July 28, the company paid a dividend with 619,584 preferred shares, preserving cash and putting $1.239 million of minimum base liquidation preference ahead of common holders. An 8-K filed July 31 breaks out 281,344 Series A shares and 338,240 Series C shares. The issue lifted the outstanding totals to 4,696,089 Series A and 3,187,097 Series C. Compared with the counts immediately before the distribution, Series A grew 6.37% and Series C 11.87%. Preferred stock ranks ahead of common equity in a liquidation. Each series starts with a…

Just eight days after becoming the first Hungary-based provider to receive a MiCA licence, CoinCash said the country’s parliament had approved legislation repealing Hungary’s additional national crypto-asset requirements. CoinCash received its MiCA licence on July 20 following a 16-month review process, becoming the first locally based crypto provider authorised under the EU framework. According to the company, the proposed legislative change would remove the national requirements that prompted several firms to suspend services, relocate or delay expansion in the Hungarian market. Finance Magnates could not independently verify the vote. Where the Gold-Plating Went Wrong Alongside MiCA, Hungary introduced additional domestic…

Base has made a significant move in the crypto space by integrating payment options with Shopify and Mastercard. This announcement comes as Base seeks to enhance user experience and broaden acceptance in the marketplace. The integration allows users to pay seamlessly on Shopify platforms and through Checkout, showcasing Base’s commitment to expanding crypto usability in everyday transactions. For more details, check out their official tweet. What Happened The crypto market is currently exhibiting mixed signals, but Base’s latest integration with Shopify and Mastercard could signal a positive shift in usability for digital currencies. Users can now easily process payments on…

SkyBridge Capital founder Anthony Scaramucci believes Bitcoin remains in a normal cyclical correction and has not broken its long-term bullish structure. Speaking during a CNBC interview, Scaramucci argued that Bitcoin’s recent price action closely mirrors the historical four-year market cycle driven by halving events. Bitcoin’s Current Pullback Fits Historical Market Cycles After reaching a new all-time high several months following the 2024 halving, Bitcoin entered a significant correction, dropping to $59,000 before rebounding to $65,000. Nonetheless, Scaramucci maintains that the market is moving through a typical post-halving downturn rather than entering an abnormal bearish phase. Moreover, he emphasized that the…

Ethereum price fell 2% to around $1,847 on Aug. 3 after another rejection near key moving averages left the $1,800 support zone exposed. $ETH slides after failing to reclaim $1,900 According to data from crypto.news, Ethereum ($ETH) price traded at $1,847 at the time of writing, down 2.04% over the previous 24 hours. The token moved between an intraday high of $1,886 and a low of $1,829 on Binance. The decline extended $ETH’s retreat from its July 27 high near $1,975. Buyers have now failed several times to sustain a move above the resistance zone between $1,950 and $1,975. $ETH…

Robinhood’s stock and ETF tokens have seen impressive growth, now reaching 62.6K unique addresses just two weeks after their launch. This rapid adoption signals significant user interest in Robinhood’s offerings, as shared in a widely circulated post by @tokenterminal. The Key Development The broader crypto market is currently displaying mixed signals, yet Robinhood’s recent surge in unique addresses indicates a bright spot amid the volatility. The platform’s ability to attract 62.6K unique addresses for its stock and ETF tokens showcases a strong demand for innovative financial products. This growth aligns with recent trends highlighting the evolving landscape of decentralized finance…

Chainlink [$LINK] has been stagnant over the past week with the market cap around $6.25 billion. Its daily trading activity is around $215 million with a volume-to-market-cap ratio at 3.36%. The data shows normal trading activity and fair liquidity, probably influenced by retailers and whales. However, institutional capital is still sidelined. Can whales and retailers drive Chainlink’s price action on their own? Whales accumulate Over the past month, a whale has been accumulating Chainlink tokens from the Binance exchange. These buys constituted orders worth hundreds of thousands. The last buy was made three weeks ago, with 18.748K $LINK tokens worth…

Prediction markets are lowering the chances of the CLARITY Act becoming law in 2026 as the Senate turns to Russia sanctions and federal nominations before its August recess. CLARITY Act loses its place on the Senate schedule Senate Majority Leader John Thune has not scheduled immediate action on the CLARITY Act, narrowing the path for the crypto market structure bill before lawmakers leave Washington. The Senate is instead moving forward with federal nominations and legislation imposing sanctions on Russia and Iran. Preliminary action on the crypto bill remains possible during the week of Aug. 3, but the chamber is scheduled…

Cross River said Monday it will provide the banking infrastructure for X Money, the financial services platform being integrated into X, enabling peer-to-peer payments, FDIC-insured interest-bearing accounts and Visa debit cards. The company said its banking platform and payment rails will power the service as X continues its push to become an “everything app,” with infrastructure designed to support additional financial products and services over time. Cross River provides embedded financial infrastructure for payments, cards, lending and cryptocurrency services to fintech and technology companies through its regulated banking platform and payment rails. The announcement did not mention support for cryptocurrencies…