Author: NBTC

Singapore — Institutional trading desk Caladan has officially added support for stETH as collateral on its OTC platform, allowing clients to post Ethereum’s leading liquid staking token for options, hedging, and capital rotation strategies. The integration was executed in collaboration with Lido Institutional. (Cover photo: @msjuliazhou, COO @caladanxyz)—By bringing stETH—a yield-bearing, liquid version of staked ETH—into its trading stack, Caladan is giving institutions a way to unlock capital efficiency without sacrificing staking rewards. “This is about unlocking new capital pathways. Instead of forcing institutional players to choose between yield and liquidity, we’re giving them both, as well as strategic optionality.”Julia…

President Donald Trump trade deal announcemet that he has stated that the U.S. is set to complete most of its trade deals before the August 1 self-imposed deadline.This declaration follows in the wake of a just-finished trade deal with Japan, where tariffs were reduced from 25% to 15%. Further, negotiations with the European Union also look promising. Although Trump said there is only a “50/50” chance a final deal is made. He suggested the EU would have to lower their tariffs in order to complete the deal.The U.S. has managed to successfully negotiate lower tariffs with various Southeast Asian countries.…

Greg Xethalis, Chief Legal Counsel at Multicoin Capital Management, highlighted the importance of the decision regarding the “in-kind creation and redemption” process for cryptocurrency spot ETFs, which the U.S. Securities and Exchange Commission (SEC) approved minutes ago. Xethalis stated that this decision by the SEC is a significant turning point for the crypto asset markets and explained four main benefits: Standard Compliance: Stating that the decision brings crypto asset ETFs in line with physical commodity ETFs such as gold, Xethalis stated that authorized participants (AP) will be able to deliver and purchase assets in kind through their subsidiaries. Increased Regulatory…

Bitcoin miner MARA Holdings (MARA) shares jumped nearly 4% in post-market trading after the company posted record revenue for its second quarter, beating Wall Street’s expectations. MARA reported revenue of $238.5 million, a 64% rise from $145.1 million in the same quarter a year ago, according to an earnings presentation. The mining firm said the increase was primarily due to a 50% rise in the average bitcoin price during the quarter. MARA’s revenue also beat the average analyst estimate of $227.9 million, according to the FactSet data. The company mined 2,358 bitcoin in the quarter, a 3% increase from the…

Bitcoin just had one of its most chaotic hours in recent memory, and the numbers speak for themselves. In just one hour, over $2.78 million in BTC long positions were erased, with a striking difference: $2.75 million in longs versus a mere $32,000 in shorts, as per CoinGlass. That is an 8,593% imbalance, which is an unusual ratio to see outside of extreme volatility events. The sell-off happened when Bitcoin dropped below $117,000 in a fast and sudden move. This broke a sideways range it had been holding near its $123,000 all-time high. One major reason for this is that…

Hyperliquid’s frontend crashed for half an hour, pausing all trading on the platform and shaking confidence in its token. Summary Hyperliquid DeFi exchange suffered downtime. The issue was related to its front-end connection. HYPE token was down 5% post-crash. In DeFi, decentralization only goes so far, especially when it comes to user-facing components. On Tuesday, July 29, between 14:20 and 14:47 UTC, Hyperliquid’s (HYPE) API crashed, disabling front ends and pausing trading. During that period, users could not open or close trades, enter or exit short positions, or withdraw their funds. Bad news: the Hyperliquid API is downGood news: Hyperliquid appears…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Given the recent GENIUS Act signing and certain firms soon reporting Q2 earnings, it’s as good a time as any for a crypto stock update. After the stablecoin-focused bill became law, Compass Point analysts downgraded Circle stock from neutral to sell. Their CRCL price target declined from $205 to $130, according to a Monday note. Analysts Ed Engel and Abdullah Dilawar anticipated the rally leading up to the GENIUS Act signing, but predicted the “sell-the-news” drop that came. Shares of CRCL were trading around $195 at…

The founders of Bitcoin mixer Samourai Wallet will plead guilty on Wednesday, Federal court documents show, in a case that has rattled privacy advocacy groups. Both William Lonergan Hill and Keonne Rodriguez will change their pleas in a New York court, according to the filing in U.S. District Court for the Southern District Court of New York.  Feds arrested Hill and Rodriguez last year and then shut down their Bitcoin mixing platform. The U.S. Department of Justice alleged that the app was an “unlicensed money transmitting business” used by criminals. The indictment filed last year alleged that “while offering Samourai…

As Brazil moves toward stricter crypto regulation, BitGo is making a timely play to become the country’s go-to institutional custodian. By launching a fully regulated subsidiary in São Paulo ahead of potential laws requiring domestic key management, the firm is positioning itself as the default solution for banks and asset managers navigating Brazil’s fast-evolving digital asset landscape. Summary BitGo launched a subsidiary in São Paulo to serve banks and asset managers amid Brazil’s evolving crypto regulations The move aligns with proposed legislation that could mandate domestic key custody for digital assets. On July 25, crypto custody giant BitGo announced the…

Collective Shout issued an open letter to payment processing giants Mastercard, PayPal, and Visa this month to try and convince gaming storefronts to remove titles featuring rape, incest, and child sexual abuse-themed games. In response, Steam and Itch.io broadly delisted or limited “adult” games on their storefronts—many of which do not feature the aforementioned themes. The removals were met with major uproar from gamers, some of whom opined that leaning on crypto to process payments could be a solution for game creators pushed away from traditional platforms. However, Collective Shout has now told Decrypt that it has also “discussed” pressuring…