Author: NBTC

Buried beneath yesterday’s tragedies was some groundbreaking financial news: the CFTC Chairman nominee and Head of Policy for a16z crypto, Brian Quintenz, posted personal messages from the Winklevii regarding whether or not he would support their whims once he became chairman. The messages, which were lengthy and purposely vague, seem to ask Quintenz to “rectify what happened to [Gemini]” and implement “cultural reform” within the Commodity Futures Trading Commission (CFTC). Quintenz didn’t push back on these requests and implied that when it comes to the CFTC, he does “not have anything close to a full picture of what is going…

Non-USD stablecoins are a growing market in 2025, rebounding after a brief pause in March and April. These assets are powering genuine crypto adoption in several regions, which is often an elusive target. Latin America, especially Brazil, is powering this trend, representing 55% of the total volume. Additionally, Polygon is by far the most popular blockchain, giving it a potential opportunity. Non-USD Stablecoins on the Rise Dollar-based stablecoins are highly prominent for obvious reasons; they represent the largest token platforms. President Trump even wants to include them in US fiscal policy, prompting new integrations. Still, non-USD stablecoins have also been…

Former FTX CEO Sam “SBF” Bankman-Fried, serving a 25-year sentence after his conviction on seven felony counts, will take the next step in his appeals process with a hearing scheduled for November. According to a Wednesday notice in the US Court of Appeals for the Second Circuit, Bankman-Fried’s appeals case has been calendared for arguments on Nov. 4. The court proceeding will mark the first significant movement in the former CEO’s criminal case since his transfer from a New York City facility in March to one in California. The hearing in the Second Circuit had been expected since Bankman-Fried’s lawyers…

Michael Saylor has taken immediate advantage of his modified promise about diluting common shareholders with today’s massive increase in the supply of Strategy, formerly known as MicroStrategy (MSTR). This morning, he announced 875,301 more shares sold of MSTR under his at-the-market (ATM) offering. Those sales would have been prohibited under slide 96 of the company’s original Q2 2025 earnings presentation. For a few weeks, the company stated unequivocally, “We will not issue MSTR below 2.5x mNAV except to pay interest and dividends.” Fortunately for Saylor, that sentence was erased from the revised, August 18 version. The new promise allows Strategy…

Jair Bolsonaro, former President of Brazil, was found guilty of plotting a coup d’état alongside several other serious charges. The Supreme Court sentenced him to over 27 years in prison. In his own capacities as a political leader, Bolsonaro made a marginal impact on pro-crypto regulatory policies. Still, his downfall could have major market implications. Bolsonaro Found Guilty Jair Bolsonaro, Brazil’s former President and Trump ally, has been at the center of a massive scandal. After narrowly losing an election in 2022, he attempted to stage a coup. This incident led to years of legal battles, but the nation’s Supreme…

Search.com has entered the race to acquire Google Chrome, topping Perplexity AI’s $34.5 billion bid with a $35 billion counteroffer backed by JPMorgan Chase and a consortium of private equity firms. The $500 million move intensifies a high-stakes battle over the future of web browsing and AI search, as more challengers position themselves to take control of the world’s most-used browser. “We see this as both offense and defense,” Melissa Anderson, president of Public Good, which owns Search.com, told Decrypt. “Acquiring Chrome gives us the scale to accelerate adoption of our AI search platform—and a direct connection to users.” The…

A coalition of AI companies unveiled a Super Political Action Committee (SuperPAC), designed to influence US technology policy and strengthen the nation’s position in the global AI race, according to an Aug. 25 press release. The group, Leading the Future (LTF), pledged to back candidates who support innovation while pushing back against legislation that could slow deployment. The launch is backed by more than $100 million in contributions from high-profile investors and technologists. Notable supporters include venture capital firm Andreessen Horowitz (a16z), OpenAI’s Greg and Anna Brockman, Rob Conway, Joe Lonsdale, and AI startup Perplexity. LTF’s mission According to its…

Authorities at the Central Bank of Brazil stated that it aims to start enacting VASP regulation in 2026, following the definition of the rules those regulations will follow. The bank stressed that the rules will allow for freedom but should not be “too bold.” Central Bank of Brazil Aims to Finalize VASP Regulation by 2026 Brazil, one of the largest economies in Latin America, is preparing to make regulation for virtual asset service providers (VASPs) effective by 2026. According to local reports, authorities at the Central Bank, the sector watchdog, are currently finalizing the rules these institutions must follow to…

Ether may take a lot of bears by surprise next month, with a deepening correction in September that could completely “invalidate” by the time October comes around. “It might look bearish at first, but if it plays out, it could be the biggest bear trap I’ve ever seen,” full-time crypto trader and analyst Johnny Woo said on Monday. He added that the charts could paint a head-and-shoulders pattern in September “to spook everyone,” then invalidate it in “Uptober.” This would trap paper-handed traders, forcing them to buy higher. “We’ve seen this before plenty of times, so it’s definitely possible,” he…

The corporate world is increasingly recognizing the potential of cryptocurrency, and now, a surprising player has entered the arena. Galmed Pharmaceuticals (Nasdaq: GLMD), a clinical-stage pharmaceutical company, just made headlines with a groundbreaking decision. They have approved a bold new crypto treasury strategy, intending to deploy up to $10 million of their cash reserves into Galmed digital assets. This significant allocation represents approximately 50% of their current cash holdings, signaling a transformative step for the company. Why is Galmed Embracing Galmed Digital Assets Now? Galmed’s move into digital assets reflects a growing trend among forward-thinking companies seeking innovative ways to…