Author: NBTC

Billionaire Nvidia director Mark Stevens sold $410.84 million of the chipmaker’s stock across three days this week and didn’t even bother to note any predetermined trading plan or reason for his disposal. It was the largest insider Nvidia stock sale in history by dollar value, clearing the previous record by $175 million. He disclosed his sales on a single SEC Form 4 with his Third Millennium Trust executing seven separate transactions. Stevens and his wife are co-trustees of Third Millennium Trust. Stevens’ trust sold 585,000 NVDA shares on Monday, 63,501 on Tuesday, and 1.2 million on Wednesday. All told, Stevens…

Pump.fun, the Solana-based platform known for simplifying meme coin creation, has initiated the token unlock for its native $PUMP token. According to on-chain analyst EmberCN, the distribution began approximately five hours ago, with 4.94 billion $PUMP tokens—valued at roughly $13.6 million—already moved to 125 wallets. This marks a significant milestone for the project, as early backers and team members gain access to their allocations. Token Unlock Details and On-Chain Data Token unlocks are a standard mechanism in cryptocurrency projects to gradually release locked tokens to team members, investors, and advisors. This process is designed to prevent sudden market dumps and…

The U.S. Commodity Futures Trading Commission asked a federal court on Sept. 2 to dismiss CME Group’s lawsuit challenging the regulator’s treatment of cryptocurrency perpetual contracts as futures. The CFTC argued that CME lacks legal standing because the exchange could list perpetual futures under the same regulatory policy it is challenging. The agency characterized part of CME’s claimed competitive disadvantage as resulting from its own decision not to offer comparable products. CME filed the case in the U.S. District Court for the District of Columbia on June 18. It seeks to overturn the CFTC’s approval of Kalshi’s Bitcoin perpetual contract…

Visa’s stablecoin-linked payments business is scaling rapidly, with the company now processing settlement activity at a pace equivalent to more than $20 billion annually. The annualized settlement rate has increased more than 15-fold year over year, reflecting the broader expansion of stablecoin-powered card products across Visa’s network. During the company’s fiscal second quarter, Visa had more than 160 such programs live worldwide, with payment volume nearly tripling from the prior year. Stablecoin Card Growth Creates a Financing Challenge The rapid expansion of these programs has also created a working-capital challenge for some issuers. Card providers generally need capital available to…

Bitcoin ($BTC) is currently trading within the $65.2K range. Neither buyers nor sellers drive a strong directional move. The largest and dominant asset, Bitcoin ($BTC), is currently hovering within the $65,276 range. Also, the 24-hour trading volume is settled at $23.37 billion, down by 15%. That drop in volume during a rejection hints that conviction on the buy side is thinning out. The .618 Fibonacci retracement level on the higher timeframes is stalling the downtrend and creating a reaction zone. $BTC’s downtrend has not reversed, but it has paused. That pause at a significant Fibonacci level is combined with other…

Tesla Cybercabs stock crashed 6% in an hour this morning following news of a compliance audit. Yesterday, Tesla commercially deployed Cybercabs onto public streets in Austin, Texas. By the end of the day, the National Highway Traffic Safety Administration (NHTSA) quietly opened a new probe, Audit Query AQ26002, of up to 1,000 Tesla vehicles, which would more than cover the company’s Cybercab fleet of only a few dozen vehicles. Tesla stood behind its claim that “Cybercab is engineered to be the safest car on the road.” Chart of Tesla from September 3 close through noon on September 4. Source: TradingView…

Chainlink, a leading decentralized oracle network, has executed another buyback of its native $LINK token, transferring 127,740 $LINK—worth approximately $1.12 million—to a dedicated reserve wallet. The transaction, reported by blockchain tracker Onchain Lens, brings the reserve’s total holdings to 5.48 million $LINK, valued at roughly $48.5 million at current prices. The average acquisition cost for these tokens stands at $11.14 per $LINK. What This Means for $LINK Holders This buyback is part of Chainlink’s ongoing strategy to manage its token supply and demonstrate confidence in the network’s long-term value. By accumulating $LINK in a reserve, the project effectively reduces circulating…

Bybit announced today that it’s launching Forex Perpetual Contracts for EUR/USD, GBP/USD, and USD/JPY, extending its derivatives business into the trillion-a-day global forex market. All the contracts will be settled in USDT. They have no expiry date and track the underlying spot currency pairs, while allowing traders to use crypto assets as collateral. The move builds on a broader shift in which major cryptocurrency exchanges and trading venues, in general, are increasingly offering access to traditional financial assets through derivatives and tokenization. FX Perpetuals Expand Bybit’s TradFi Suite The first listings are EURUSDUSDT, GBPUSDUSDT, and USDJPYUSDT, with leverage of up…

Canaan Inc. reported second-quarter revenue of $31.9 million on Sept. 8, down from $62.7 million in the preceding quarter and $100.2 million a year earlier. The Bitcoin-mining equipment maker also posted a $97.6 million net loss as weaker machine demand, lower bitcoin prices and non-cash charges weighed on the period. The company’s unaudited financial results cover the three months ended June 30. Product revenue was $13.6 million and mining revenue was $17.7 million, while other revenue contributed $600,000. Canaan attributed the product decline to lower computing power sold and a reduced average selling price. Gross loss reached $29.3 million Canaan…

Bitcoin price has slipped back toward $65,000 after spot ETF outflows, a major options expiry and rising oil prices stopped its rebound from extending beyond $66,800. According to data from crypto.news, Bitcoin ($BTC) price traded near $65,050 on July 24, down about 2.6% from its July 21 peak. Traders remained cautious as the pullback brought the price closer to a large derivatives settlement level and a rising trendline that has supported the recovery since late June. U.S. spot Bitcoin exchange-traded funds recorded $225 million in net outflows on July 23, according to SoSoValue data. BlackRock’s IBIT accounted for about $202…