Author: NBTC

The convertible notes, preferred shares, and credit facilities that financed a large share of corporate Bitcoin holdings carry maturities, redemption windows, and dividend dates that determine when a company might need to sell. Matthew Sigel, VanEck’s head of digital assets research, shared a list of corporate Bitcoin treasuries that maps who ranks above the coins inside each company’s capital structure. Once Bitcoin sits inside a public company’s balance sheet, it stands beneath a stack of claims: creditors expecting repayment, preferred shareholders expecting distributions, lenders holding pledged coins, common shareholders wanting buybacks, and an operating business that needs cash to run.…

For any Layer 1 blockchain, scalability remains a perpetual challenge. The logic is simple: As the competition grows, the need to demonstrate the network’s capabilities becomes ever more important to attract users. And for blockchains, that often means improving their fundamentals such as speed, throughput, and finality. Ethereum, however, now seems to be taking a different approach. In the Frames (EIP-8141) upgrade shared by Vitalik Buterin on X, the Ethereum developers are working on a transaction model that would allow users to pay gas fees with stablecoins instead of $ETH. This update, unsurprisingly, has immediately drawn the market’s attention, with…

As Tesla Inc. (NASDAQ: TSLA) stock fell by more than 7% over the past 24 hours following an underwhelming Cybercab event on September 3, Gordon Johnson, a Wall Street analyst at GLJ Research, expects a crash to $24 over the next 12 months. Johnson reiterated a ‘Sell’ rating for Tesla stock, according to a note sent to clients on September 4. Additionally, he set the firm’s 12-month price target at $24.86. With TSLA trading at approximately $351.95, GLJ Research signals a potential 92.94% downside over the next 12 months. GLJ Research reaffirmed a negative sentiment for Tesla following a Cybercab…

Solana Company, a Nasdaq-listed treasury firm operating under the ticker DAT, reported a net loss of approximately $30.3 million, or $0.38 per share, for the second quarter. The company, which focuses on accumulating Solana’s $SOL token as its primary treasury asset, also generated around $2.5 million in revenue from staking its $SOL holdings during the same period. At the time of writing, $SOL was trading at $75.32, down 1.11% over the past 24 hours, according to CoinMarketCap. Understanding Solana Company’s Business Model Solana Company is a relatively new entrant in the emerging category of digital asset treasury companies. Unlike traditional…

Kalshi plans to seek U.S. regulatory approval as early as next week for a perpetual futures contract linked to West Texas Intermediate crude oil, Bloomberg reported on Sept. 2. The proposed contract would have no fixed expiration date. It would trade 24 hours a day from Monday through Friday, rather than operating continuously throughout the week, according to the report. If the Commodity Futures Trading Commission approves the product, it would become the first WTI perpetual futures contract offered through a regulated U.S. exchange. The information came from an unidentified person familiar with Kalshi’s plans because the filing was not…

Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay in a deal expected to close in 2027. The transaction will also require customary closing conditions and approval from the Monetary Authority of Singapore, Circle said in a Tuesday announcement. Tazapay has more than $25 billion in annualized payment volume and serves more than 60 banking and fintech partners with local payout rails covering more than 100 markets. The company said in August 2025 that annualized payment volume was $10 billion. Circle previously invested in Tazapay, including in the startup’s August 2025 Series B round that brought the total amount…

Several large, deliberate trades hit the tape recently, building up this concentration of open interest at $70,000 and $72,000 levels. Laevitas identified a large bull call spread structure, involving buying the $70,000 call and simultaneously selling the $72,000 call. The bull call spread, as the name suggests, bets on a moderate upswing in prices of the underlying asset, in this case, up to $72,000. “The structure accounts for approximately 49% and 50% of total call open interest at the $70K and $72K strikes, respectively,” Laevitas noted. Other notable trades included calendar spreads, a strategy used to profit from volatility changes…

In brief A meme coin called $BONER cornered 53% of the tokenized Hims & Hers Health shares on Robinhood Chain over the August 30 weekend. The move briefly sent the wrapped stock to $132.64 against a real Friday HIMS close of $28.84. The real HIMS stock barely moved, trading near $29 on Monday, but the pattern has spread across Robinhood Chain, where meme coin-stock pairs generated $217 million in trading volume on September 2. A meme coin called $BONER locked up more than half the tokenized shares of Hims & Hers Health on Robinhood’s blockchain over the weekend of August…

The $LAB token has fallen 99.94% from its all-time high after tokens from its public sale were finally unlocked, according to on-chain analyst ai_9684xtpa. The unlock, which occurred yesterday, has triggered allegations of price manipulation from the crypto community, as early participants saw their paper gains evaporate almost entirely. Background and Timeline of the $LAB Token Unlock Participants joined the $LAB public sale in October last year. Within nine months, the token’s price surged 1,120-fold, making early investors appear to hold substantial profits. However, the lock-up period was not lifted as expected. According to ai_9684xtpa, the project unilaterally delayed the…

Uzbekistan has launched a pilot to test payments with a som-pegged stablecoin backed by government securities. On Monday, the National Agency for Prospective Projects (NAPP) said it had registered Humo Digital as a participant in a special regime jointly overseen with the central bank. The pilot will test the issuance, circulation and redemption of HUMO, with each token pegged to one Uzbek som. NAPP said more than 20 merchants are prepared to test HUMO payments for goods and services. The project will also integrate participating banks’ payment-processing and blockchain infrastructure. Asterium, a licensed crypto exchange, will serve as a project…