Author: NBTC

Thumzup Media Corporation has filed an amendment to its universal shelf registration with the SEC, increasing the potential total offering amount from $200 million to $500 million. The company says the expanded registration is intended to support working capital needs and further its Bitcoin (BTC) reserve strategy. The amended Form S-3 filing would give Thumzup the ability to raise up to half a billion dollars over the next three years through the issuance of various securities, including common stock, preferred stock, warrants, debt securities, and other instruments. The registration is not yet effective, and no securities are being offered at…

Cantor Fitzgerald Chairman Brandon Lutnick personally verified Tether’s reserves when the firm began its relationship with the stablecoin giant, he said on Wednesday at Consensus 2025 in Toronto. The 27-year-old said that in the early days of Cantor Fitzgerald and Tether’s relationship, there were “a lot of rumors” that Tether didn’t have the assets it claimed to have, referring to then-rampant speculation that Tether was not fully backed. New York Attorney General Letitia James alleged in 2019 that Tether had a nearly $1 billion hole in its books, though the regulator later settled these allegations with Tether and its sister…

In a surprising turn of events, dog-themed cryptocurrency Shiba Inu (SHIB) has seen a 228% surge in large transaction volume, a metric indicative of whale activity. According to IntoTheBlock data, Shiba Inu’s large transaction volume surged 228.41% in the last 24 hours to reach $17 million or 1.27 trillion SHIB in crypto terms. Large transactions refer to those greater than $100,000, and a surge in volume of these transactions might suggest whale activity, either buying or selling. Following a steady drop in large transaction volume since April 28, Shiba Inu surged at May’s start, rising from 383.55 billion SHIB to…

Jimmy Chanos is dumping MicroStrategy (now rebranded to ‘Strategy’) shares and just straight up buying Bitcoin instead. Speaking to CNBC’s Scott Wapner during the Sohn Investment Conference in New York on Tuesday night, Jim explained he’s selling the company’s stock and buying the crypto directly because the tactic used by Strategy is overpriced and built on inflated assumptions. Jim, who used to run Kynikos Associates and now advises institutional investors from his family office, explained that Strategy’s business model no longer looks like real software. The company, run by chairman Michael Saylor, has turned into a public wrapper around a…

Freight Technologies (FRGT), a $4.8 million market cap logistics tech firm focused on cross-border trade between the U.S. and Mexico, has entered an agreement to buy up to $20 million in the Official Trump Token (TRUMP) to build out its crypto treasury. The company said it secured the funding through a convertible note facility with an institutional investor, with an initial $1 million tranche already committed. The capital will be used solely to acquire TRUMP tokens, making it one of the first publicly listed companies to do so. The decision follows a separate investment in AI-linked FET tokens currently valued…

“Sometimes the best investments are precisely the ones you cannot explain and probably make no sense.” — Richard Toh When I started writing this newsletter nearly four years ago, I kept the subject matter high-level — mostly because I didn’t understand the low level. That’s not what I expected it to be. Instead, I expected it to be like the morning notes I sometimes wrote for clients in my previous job as an equities trader — notes that were mostly just a rundown of news taken from a Bloomberg terminal that the clients also had but were too lazy to…

On the closing day of Token2049 in Dubai, an awe-inspiring drone show set a Guinness World Record. The display of 1,500 drones through the night sky drew in thousands of spectators who attended Madinat Jumeirah on May 1st. The DOGS and Notcoin tokens and their place on the TON blockchain brought crypto closer to the mainstream at this main event. The performance showcased glowing symbols beginning with TON signature and DOGS digital keys together with Notcoin logo and running for 15 minutes. The drones blended their formations together to create the massive TOKEN2049 symbol which spread across the sky in…

Sui, the prominent L1 blockchain to boost digital asset ownership, has announced a new partnership with Bitlayer, a Bitcoin L2 and the pioneer Bitcoin VM for DeFi. The collaboration takes into account the integration of the BitVM bridge of Bitlayer into the Sui ecosystem to release a Bitcoin-backed crypto token “Peg-BTC ($YBTC).” The platform announced this development on its official X account. Bitcoin meets Sui DeFi.@BitlayerLabs is bringing Peg-BTC (YBTC) — a trust-minimized BTC asset powered by BitVM — to life on Sui, giving hodlers yet another choice for utilizing their BTC.YBTC lets BTC holders tap into staking, lending, trading,…

On May 14, Cathie Wood, the CEO of ARK Invest, listed innovation-focused companies such as Coinbase, Tesla, Palantir, and Shopify as the leaders in transforming equity markets and blockchain technology, eliminating and replacing the traditional benchmarks. Wood also speculated that it was probable that benchmarks would chase innovation more quickly in the years to come. These remarks came after ARK analyst Frank Downing commented on ARK’s initial investment in Coinbase. Innovation-focused companies transformations equity markets and blockchain technology As for ARK’s original investment in Coinbase, Downing said that he had written a whitepaper with the exchange as far back as…

Investors would need to procure a substantial amount of Shiba Inu tokens to retire early if SHIB’s market cap hits $1 trillion. Many individuals have become obsessed with the quest to retire early–leaving the workforce before the specified retirement age. This rationale hinges on accumulating sufficient financial resources to cover one’s living expenses indefinitely. Consequently, these individuals have adopted different approaches to achieving early retirement, including smart investing, inheritance, and disciplined savings. However, the most common approach is to invest wisely in assets with strong potential for jaw-dropping returns. Notably, cryptocurrencies like Shiba Inu (SHIB) rank among the assets with…