Author: NBTC

Bitcoin treasury firm Strategy started the trend but now companies are diving into other cryptocurrencies to put on their balance sheets—with the latest being SUI.  Nasdaq-listed Mill City Ventures III on Monday announced a $450 million private placement to buy the 15th biggest digital asset by market cap. The company, which makes loans to small businesses, said it would buy SUI on the open market in a press release Monday.  Its stock (MCVT) was trading 11% higher on Monday but over a five-day period, it has soared nearly 270%.  “We believe that Sui is well positioned for mass adoption with…

Binance founder Changpeng Zhao (CZ) shared his experiences after serving a four-month prison sentence in the US. Speaking on Anthony Pompliano’s podcast, CZ revealed surprising details about prison life. CZ revealed that his first cellmate was a double-murder suspect who had served 18 years in prison and was transferred to a low-security facility for good behavior. Despite this shocking past, CZ described his cellmate as “pretty calm.” The Binance founder was indicted for failing to implement effective anti-money laundering compliance, leading to a fine of over $4.3 billion. CZ was sentenced to four months in prison for violating the US…

Bitcoin (BTC) experienced a historic day on Monday, breaking records for the first time in a row, surpassing $123,000. However, the joy of a new ATH was short-lived. Shortly after surpassing $123,000, BTC began to decline, falling to the $116,000 level. While the market agrees that this correction is due to profit taking and is normal, they are divided on which direction the price will move next. At this point, 21 Shares analyst Matt Mena evaluated the rise in Bitcoin and the subsequent decline. Matt Mena said that a sharp decline in Bitcoin is unlikely as institutional demand strengthens. Mena…

During the NFT boom of 2021, NFT-aficionados said “I’d love it even if it went to zero” as a tongue-in-cheek countercultural declaration that meaning and membership mattered more than profit. It became kind of like a punk rock ethos in Web3. Burning money (figuratively or literally) was a flex to signal individual belonging to an in-group that positioned itself as the moral antithesis to the speculative frenzy that defined the time. Like the early cypherpunks who fought for freedom and autonomy, or the Bitcoin maxis who held through multiple crashes, the next-gen NFT degens threw eyewatering amounts of magical internet…

The dynamic world of decentralized finance (DeFi) is rarely static, and recent developments in the Ethereum staking ecosystem are a testament to this constant evolution. For an extended period, Lido Finance stood as the undisputed leader in liquid staking, commanding a significant portion of the Ethereum staking share. However, a notable shift has emerged, as on-chain analyst Tom Wan recently highlighted a significant decline in Lido’s market share to 25%, marking its lowest point since March 2022. This isn’t merely a statistical blip; it signifies a crucial inflection point for Ethereum’s decentralization efforts and the burgeoning liquid staking landscape. Lido’s…

After the U.S. negotiated a favorable deal with the EU, traders are now bracing for an update in U.S. trade talks with China. Summary The U.S. made a favorable trade deal with the EU EU carmakers, pharma firms biggest losers of the deal Markets are now focused on China, with a deadline looming Major U.S. stock indices were mixed after an initial rally following a U.S. trade deal with the EU. On Monday, July 28, Dow Jones was down 0.10%, while the S&P 500 was hovering near all-time highs, up 0.03%. The tech-focused Nasdaq saw the biggest gains, up 0.29%.…

In the fast-paced world of cryptocurrency, every major transaction sends ripples, and a recent event has certainly caught the attention of market observers. Imagine a digital leviathan moving an enormous sum of money, quietly, yet with significant potential implications. That’s precisely what happened when a staggering 270,660,018 USDT was observed in a single USDT transfer from the popular exchange OKX to an unknown wallet. This colossal sum, valued at approximately $271 million, was reported by the blockchain tracking service Whale Alert, sparking widespread discussion across the crypto community. What does such a monumental USDT transfer signify for the broader market?…

A new Bitcoin draft proposal wants to do what’s long been unthinkable: Freeze coins secured by legacy cryptography — including those in Satoshi Nakamoto’s wallets — before quantum computers can crack them. That’s according to a new draft proposal co-authored by Jameson Lopp and other crypto security researchers, which introduces a phased soft fork that turns quantum migration into a ticking clock. Fail to upgrade, and your coins become unspendable. That includes the roughly 1.1 million BTC tied to early pay-to-pubkey addresses, like those of Satoshi’s and other early miners. “This proposal is radically different from any in Bitcoin’s history…

Basketball highlights from Dapper Labs’ NBA Top Shot collectibles platform are now available via physical vending machines in Japan, thanks to a collaboration with Web3 marketing firm 24karat.  As part of the initiative, basketball fans and hopeful collectors can engage with AIICO smart vending machines situated in train stations and commercial centers from Hokkaido to Okinawa, adding Top Shot NFT moments on the Flow blockchain to their collection with their mobile phones.  “It’s exciting to see fandom and true ownership crossing back and forth between digital and physical realities,” Flow Chief Architect Dieter Shirley told Decrypt. “What better place to…

Tron Inc. announced that it may issue up to $1 billion in securities in total, through its Form S-3 shelf registration filing with the U.S. Securities and Exchange Commission (SEC). Under this application, the company gained the flexibility to offer common stock, preferred stock, debt instruments, warrants and other hybrid securities to the public. No timetable has yet been released for when or under what terms these securities will be issued. However, the filing reveals that Tron Inc. is aiming for growth through capital increases in the coming period. Form S-3 is a registration form that allows publicly traded companies…