Author: NBTC

As ether (ETH) continues its record-setting rally, Cathie Wood’s ARK Invest is making a bold bet on an ETH treasury play. The asset manager purchased 4.4 million shares of Bitmine Immersion Technologies (BMNR) across its ETFs on Monday, according to trade disclosures, marking a $116 million investment into the Peter Thiel-backed Ethereum treasury firm. ARK’s flagship Innovation ETF (ARKK) received the bulk of the allocation with nearly 2.9 million shares. The move comes as Bitmine, helmed by Fundstrat’s Tom Lee, cements its position as one of the largest corporate holders of ETH. The company has amassed over 300,000 ETH, worth…

US President Donald Trump and Fed official Thomas Barkin simultaneously made critical statements on both domestic and foreign policy. While calling on the Fed to cut interest rates, Trump made striking warnings about the Ukraine-Russia war and shared developments regarding a series of trade agreements. Trump argued that the Fed should cut interest rates and stated that Fed Chair Jerome Powell was late on this issue. Fed Richmond President Thomas Barkin offered an indirect response to interest rate policy. Barkin stated that they do not expect a return to the high inflationary pressures seen in 2022, but noted that customs…

Enlightify Inc., listed on the New York Stock Exchange, announced that it will gradually purchase up to $20 million worth of CYBER tokens from the open market over the next 12 months. With this move, Enlightify becomes the first public company to make a treasury investment in the CYBER ecosystem. According to a press release from the company, these acquisitions will be made as part of Enlightify’s long-term digital asset strategy. The acquisitions will be phased using dollar-cost averaging (DCA) and the total investment will not exceed $20 million. Institutional investments, which previously focused on major digital assets like BTC…

Senator Warren unveils a strict crypto regulation framework opposing GOP-led proposals. She warns against crypto-related political corruption, citing Trump’s involvement. The Senate prepares for a legislative battle as both parties push competing crypto bills. Senator Elizabeth Warren (D-Mass.) is stepping into the spotlight with a new set of principles for regulating the crypto industry. As the top Democrat on the Senate Banking Committee and a well-known critic of digital assets, she’s pushing for stronger rules to protect the financial system from what she sees as growing risks in the crypto space. Her announcement comes as a direct response to Republican…

Early Bitcoin adopter, millionaire and crypto YouTuber Jeremie Davinci has published a post about his vision of the future Bitcoin price, defining a level that will now be an ultimate support for BTC. He published an edited image from the popular Hollywood movie “Troy,” featuring A-list actor Brad Pitt, talking about Bitcoin. Bitcoin never sub-$100,000 again at some point: Davinci Sharing his bullish stance on the world’s flagship cryptocurrency, Jeremie Davinci tweeted that at some point he expects Bitcoin to become so strong as to never again return below the $100,000 level: “There will come a point where we never…

At the end of this month (July), the Ethereum public blockchain turns 10 years old. An inordinate amount of time in the world of crypto has been spent on discussing whether or not Ethereum will succeed and become the foundation for the next iteration of global commerce and finance. All this speculation is wasted effort. Ethereum has already won. The losers just don’t know it yet. You may be tempted to discount my opinion because I’m a notorious ETH “maxi” and have been for a little over a decade now. Hear me out anyway. Side note: Yes. Really. Over a…

The crypto market is maturing and diversifying thanks to improved regulatory clarity and increasing demand from traditional financial institutions, says trading firm and over-the-counter (OTC) desk Wintermute.  In its 1H 2025 OTC Market Report, the firm detailed the changes in the crypto trading market. The report highlighted a growing divergence between institutional investors and retail based on data gathered from its OTC desk which indicates institutions are maintaining larger allocations to Ethereum and Bitcoin when compared to retail investors.  “Institutional and retail crypto strategies are moving in opposite directions,” the firm posted on X (formerly Twitter). “Institutions maintained 67% allocation…

XRP has massively outperformed Bitcoin over the past year without treasury backing and ETFs. What happens now that it’s getting both? Good Alexander, a crypto commentator who describes himself as a financial cyberpunk, recently made this bullish observation surrounding XRP on X. He pointed out that XRP managed to surge past Bitcoin over the last year without the usual institutional support like ETFs or treasury backing. Now that those same advantages are finally coming to XRP, analysts are questioning how far it could run. This kind of performance is rare, especially when you consider that Bitcoin had the help of…

The first full U.S. crypto policy report drops July 22, aiming to create clear rules for digital assets and stablecoins. “Crypto Week” saw major wins, including the GENIUS Act becoming law and two key crypto bills passing the House. The White House is all set to drop its first full crypto policy report. This comes after a big week of crypto legislation and regulatory breakthroughs. On January 23, 2025, President Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology” to position the U.S. as a global leader in the crypto space. The order also revoked Biden’s…

The IMF has revealed El Salvador isn’t buying more bitcoin (BTC) despite claims from its BTC office, but rather topping up its holdings with BTC from various other government wallets. That’s according to a footnote in the IMF’s review of the Extended Fund Facility (EFF) that states, “Increases in Bitcoin holdings in the Strategic Bitcoin Reserve Fund reflect the consolidation of Bitcoin across various government-owned wallets.” The IMF’s “Extended Fund Facility” gave El Salvador a $1.4 billion loan and was approved last February. Loan conditions stipulated that El Salvador’s government, run by the tyrannical bitcoin maximalist Nayib Bukele, should wind…