Author: NBTC

The co-founders of Samourai Wallet are expected to plead guilty to charges that, via their bitcoin mixing service, they helped hackers and other cyber criminals launder over $100 million in dirty money, according to Tuesday court filings. Both Keonne Rodriguez and William Lonergan Hill initially pleaded not guilty after they were arrested and charged with one count each of conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business last April — charges for which they face a maximum sentence of 25 years in prison. Their trial was slated to begin in Manhattan’s U.S. District Court for…

Although Bitcoin has recorded considerable success this bull cycle, a recent analysis highlights five reasons why its price would still rally twofold from here. Bitcoin is the best-performing currency so far this year and ranks among the most successful assets overall. Several major factors have contributed to this rally, including increased purchases from Bitcoin corporate treasury companies and inflows from US spot ETFs. Meanwhile, this might be the beginning of Bitcoin’s rally. According to “EliteOptionsTrader,” the premier crypto asset would see another 100% price increase before the end of this year. First, he cited the Ethereum spot exchange-traded fund approval…

Zurich, Switzerland — Ether.fi has introduced one-click vault deposits, eliminating the complexity of cross-chain staking. Powered by Enso and integrated with LayerZero and Stargate, the upgrade condenses a multi-step process into a seamless, single-click experience.—With over $10B in TVL, Ether.fi is already one of the largest players in the restaking game. But the team isn’t just resting on their validator rewards—they’re actively improving user experience. The Enso-powered widget now allows users to deposit into Ether.fi’s liquid vaults from any chain, any token, any position—no manual bridging, no pre-swaps, no headaches. “You no longer need to worry about where your funds…

The U.S. Securities and Exchange Commission (SEC) has officially approved the creation and redemption of crypto-asset exchange-traded products (ETPs) “in-kind.” This decision aims to end the cost and market imbalances that crypto ETPs have experienced due to the fact that, until now, they have only allowed cash-based transactions. The SEC, in an official statement released today, stated that previously approved spot crypto ETPs only allowed cash-based redemptions, creating serious drawbacks. Under this model, authorized participants could only redeem ETP shares in US dollars, forcing issuers to buy and sell crypto assets on the market. The SEC noted that this increased…

GameStop, backed by a strong balance sheet with over $9 billion in cash and marketable securities, plans to deploy more capital into Bitcoin and digital assets following its initial investment, but only when conditions present a favorable risk-reward profile, said CEO Ryan Cohen in a Tuesday interview with CNBC’s ‘Squawk Box.’ GameStop announced in May that it had acquired 4,710 Bitcoin in its first-ever BTC purchase. The company reportedly considered investing in Bitcoin and other crypto assets following a meeting between Cohen and Bitcoin advocate Michael Saylor. Cohen saw that first $500 million investment in Bitcoin as “a hedge against…

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…