Author: NBTC

A Long-Term Bet, Restated Strategy Executive Chairman Michael Saylor’s company touted its multiyear stock performance this week, telling followers that MSTR has delivered a 42% annualized return since the software firm pivoted to a bitcoin-based treasury strategy on Aug. 10, 2020. The figure beats bitcoin ($BTC), the so-called Magnificent Seven group of large-cap technology stocks, and the S&P 500 index over the same stretch. The comparison is one Saylor revives periodically, using MSTR’s five-year stock chart to argue that converting a mid-cap software company into a leveraged bitcoin holding vehicle has outperformed nearly every other asset class available to public…

Switchboard, an oracle provider that supplies price data to DeFi applications, said contributors halted its deployments on Aptos, Sui, $IOTA and Movement after reports of a potential Switchboard Move oracle compromise in its Move-language implementations. At least three applications reported losses, freezes or precautionary access restrictions as Switchboard advised users to migrate temporarily to alternatives. The provider said it had not received similar reports about its Solana implementation, but it has not published a root cause or a timetable for restoring the four Move deployments. Switchboard Move oracle compromise hits DeFi apps Sui-based exchange Full Sail confirmed that its vaults…

OpenSea has added Solana NFTs to OS2, allowing collectors to browse, buy and sell the network’s digital collectibles through the marketplace. The August 31 launch expands OpenSea’s Solana offering beyond fungible tokens. The company said collectors can use the platform without switching wallets or visiting multiple marketplaces, while Solana creators gain another venue for reaching buyers. OpenSea named Claynosaurz, Mad Lads, Collector Crypt and Phygitals among the collections available at launch. Solana NFTs now sit alongside assets from more than 25 blockchains supported by OpenSea. OS2 Moves Beyond Solana Tokens OpenSea’s OS2 release in May 2025 provided fungible-token trading across…

The Ethereum ($ETH) Rainbow Chart suggests $ETH could trade at approximately $2,551 by the end of September 2026, placing the cryptocurrency in the model’s Accumulate zone. With Ethereum trading around $2,400 as of press time, the projection implies a potential upside of about 6% over the remainder of the month. Notably, the outlook is based on BlockchainCenter’s Ethereum Rainbow Chart, a long-term valuation model that uses Ethereum’s price history since 2015 to assess whether $ETH is trading below, near, or above its historical growth trend. According to the September 2026 Rainbow Chart bands, ‘Basically a Fire Sale’ ($1,134) signals extreme…

According to Securities and Exchange Board of India (SEBI) research, Indian retail Futures & Options (F&O) traders recorded net losses in every financial year from FY22 to FY26. They accumulated losses of $40.36 billion (₹3.85 lakh crore), based on data from the top 15 brokers covering around 90% of retail/individual investors. Source: X This equates to approximately 9 of 10 (90-91%) individual traders losing money in a typical year. The losses peaked in FY25, but declined by nearly 18% in FY26 due to a reduction in participation of nearly 20% after SEBI measures like higher contract sizes, position limits, and…

Jure Karamarko, founder of Cardano-based token SongMarketCap, believes $ADA will eventually reclaim the $3 level. In a recent tweet, Karamarko said the possibility of Cardano surpassing $3 is a question of when, not if, highlighting his strongly bullish outlook for the coin. In his view, Cardano has the potential to reclaim and eventually exceed the key price level. Cardano Rebounds as Crypto Market Recovers Karamarko’s comment comes as Cardano attempts to recover from a prolonged period of weakness and return to levels last seen during the 2021 crypto bull market. Yesterday, $ADA surged more than 10% and briefly moved above…

California lawmakers passed a bill restricting public officials’ involvement with memecoins, citing concerns around conflicts of interest and “pay-to-play arrangements.” The California Senate passed Assembly Bill 2409 in a 40-0 vote on Wednesday, according to Legiscan data. The Assembly subsequently voted 78-0 to concur in the Senate’s amendments. The bill entered the enrolled stage and awaits the governor’s signature. The bill would prohibit digital asset service providers from offering California residents memecoins issued on or after Jan. 1, 2027, that are offered by or in partnership with federal public officials or state or local public officers. The bill defines memecoins…

Cryptocurrency analytics company Glassnode reported that the fading expectations of interest rate cuts in the US bond market and the pricing in of a potential rate hike have suppressed risk appetite in the cryptocurrency market. Glassnode’s assessment stated that the Fed’s interest rate decision is critically important for the direction of the market. According to the analysis company, the yield on US Treasury bonds has surpassed the return that can be obtained from “carry trade” transactions in the cryptocurrency market. This situation has led investors to hold new capital in cash and low-risk interest-bearing instruments rather than crypto assets. The…

Tether Gold deposits into decentralized finance (DeFi) have surpassed $100 million, reaching a notable $102.9 million across ten venues. This surge is primarily driven by Aave, which accounts for a staggering 74.2% of total deposits. The growth underscores a significant trend in the crypto market as more investors seek exposure to digital assets through innovative platforms. Source The Story So Far The broader crypto market is currently displaying mixed signals, with varying momentum across major assets. The substantial increase in Tether Gold deposits illustrates a growing appetite for secure assets within DeFi. Aave’s leading position in this space not only…

After facing rejection at $2567, Ethereum [$ETH] has traded within a thin margin. The altcoin has remained stuck between. $2.3k and $2.4k, reflecting a market at a decision point. As of this writing, Ethereum traded around $2420, marking a 2.5% slip on the daily charts. Although $ETH has slowed down significantly, high net worth traders are still showing demand for longs. Ethereum whale returns with a $4.8 million bet With Ethereum struggling to maintain an upward momentum, traders who had earlier opened long positions are bleeding. According to CoinGlass data, over $63.6 million worth of long positions were liquidated compared…