Author: NBTC

President Donald Trump’s son Eric’s Bitcoin mining venture has reportedly erased nearly $600 million in market value after its stock crashed more than 95% from its peak. While the company continues adding Bitcoin to its treasury, investors are moving away from crypto mining stocks and putting more money into AI companies. American Bitcoin Stock Crashes Over 95% American Bitcoin, the Trump family backed mining company, has become one of the biggest losers in the mining industry. According to the report, Eric Trump’s roughly 6% stake in the company has lost more than $600 million in market value over the past…

Digital broker Robinhood’s new chain is off to a flying start, and the benefits are trickling to Ethereum-based network Arbitrum. The native token of Arbitrum (ARB) jumped 19% over the past 24 hours, making it the best-performing asset in the top 100 cryptocurrency, according to CoinDesk data. Bitcoin BTC$63,251.41 edged 1.5% higher to trade above $63,000, while ether (ETH) was up 0.5% in an otherwise muted day. The gains came as Robinhood Chain, built on top of Arbitrum’s technology stack and rolled out to the broader public a week ago, processed over $568 million in daily trading volume on Wednesday…

Bitcoin Reclaims Key Support After Sharp Drop On Thursday, bitcoin recovered slightly from its more than 3% tumble over the previous 24 hours as it tested the $63,000 threshold again. The cryptocurrency’s recovery came even as tensions in the Middle East remained high after U.S. and Iranian forces exchanged fire for the second consecutive day. Daily chart data show that hours after tumbling below $61,500, bitcoin recovered and held above $62,000 until around 9:45 p.m. Eastern time on Wednesday. A sudden sell-off briefly pulled the price just underneath $61,700, but by midnight, the cryptocurrency was back above $62,000 as a…

The real value being built on Ethereum is outpacing the price of $ETH itself. Researcher and analyst Leon Waidmann shared Token Terminal data showing that Ethereum hit an interesting record with its fully diluted valuation (FDV) at approximately $210 billion and total value locked (TVL) at about $260 billion. The total value of assets used by Ethereum protocols has surpassed the theoretical value of all $ETH that will ever be created. This is notable because TVL has almost always been below Ethereum’s FDV before, even in past bull runs. According to Waidmann, it means that either the Ethereum ecosystem has…

Grayscale’s chief financial officer Edward McGee has stepped down after seven years at the crypto asset manager, becoming the latest senior executive to leave the company, according to a filing with the U.S. Securities and Exchange Commission on Thursday. McGee resigned effective July 2 for personal reasons and not because of “any disagreement with the company or its operations, policies or practices,” the filing said. The company has named Kathryn Masci and Daniel Plourde as interim co-chief financial officers. Masci will also serve as principal financial and accounting officer and join the board of managers. Masci joined Grayscale in 2020…

Strategic acquisition: Ripple consolidated the purchase of the global brokerage Hidden Road for $1.25 billion, officially rebranding it under the Ripple Prime brand. Wall Street integration: The platform consolidated its official entry into the NSCC Market Participant Identifiers directory under the identifier RIPL on March 2, 2026. Previous financial volume: Before its integration into the crypto ecosystem, the firm processed clearing activities equivalent to approximately $3 trillion annually. In recent hours, significant changes have been recorded in the institutional ecosystem following the revelation of operational links between Wall Street infrastructures and distributed ledger tools. In this context, the recent incorporation…

A carveout sidestepping a fight Governor Josh Stein signed North Carolina’s $34 billion fiscal-year budget on July 7, enacting Senate Bill 257 – now Session Law 2026-41 – after more than a year of negotiations. The budget’s two key gambling provisions pull in opposite directions: the first raises the tax on licensed online sports betting from 18% to 23% of gross wagering revenue, effective immediately. The second, taking effect January 1, 2027, imposes a 6% tax on prediction market operators’ net trading fee revenue – and, crucially, does so without bringing those operators under state gaming regulation. According to gaming…

Binance Pay has taken a significant step into Central Asia by partnering with Kazakhstan’s Alatau City Bank to enable cryptocurrency payments at approximately 5,000 point-of-sale (POS) terminals across the country. The integration, first reported by Cointelegraph, allows merchants and consumers to process crypto transactions through existing retail infrastructure, marking one of the largest deployments of digital asset payment rails in the region. How the Partnership Works The collaboration leverages Binance Pay’s digital wallet technology alongside Alatau City Bank’s established POS network. Customers holding supported cryptocurrencies can initiate payments at participating merchants by scanning a QR code or using near-field communication…

Several publicly traded Bitcoin miners have enjoyed sharp stock re-ratings after pivoting toward AI infrastructure, but investors are increasingly questioning whether insiders and major shareholders capitalized on the rally before the sector cooled, raising fresh governance concerns, according to Blocksbridge Consulting. In its latest Miner Weekly newsletter, Blocksbridge said the AI narrative helped lift valuations for several Bitcoin mining companies as they repositioned operations around data centers, power infrastructure and hyperscaler partnerships. However, sentiment has since weakened, with AI and chip stocks pulling back. The TEM AI Infrastructure Growth Index, which tracks Bitcoin miners, artificial intelligence cloud providers, power suppliers…

TL;DR: Morpho Midnight is built around simplicity, immutability and noncustodiality, with the entire protocol limited to 1,100 lines of code. The protocol includes fixed-rate, fixed-maturity credit primitives, immutable contracts, scoped governance and no ability to pause, alter or upgrade deployments. Morpho used continuous formal verification, in-house and Certora engineers, four external audits and a Cantina public audit competition with up to $400,000 in prizes for security researchers worldwide. Morpho Midnight is being presented as a security-first credit protocol whose most important choices were made before development began. Morpho says the product was designed around three fixed principles: simplicity, immutability and…