Author: NBTC

Reddit shares climbed nearly 13% in extended trading on Friday after S&P Dow Jones Indices announced that the social media platform will join the S&P 500, marking a significant milestone for the company less than two years after its public listing. The company will enter the benchmark index on Aug. 18, replacing AvalonBay Communities. According to S&P Dow Jones Indices, the change follows Equity Residential’s acquisition of AvalonBay Communities. Once the transaction closes, the combined company will be renamed Vivmark Residential and will remain a constituent of the S&P 500. The announcement sparked a sharp rally in Reddit shares as…

Eightco Holdings has just given investors a detailed look at what’s sitting inside its treasury, and the numbers tell a story of a small-cap Nasdaq company betting big on three of the most talked-about trends in technology. According to a disclosure covering holdings as of August 19, 2026, Eightco Holdings investments now total approximately $389 million, spread across artificial intelligence, digital identity and the creator economy. The company, which trades under the ticker ORBS, also revealed it has been quietly buying back its own stock in large volumes over the past two weeks. Key takeaways Eightco Holdings reports total assets…

Bitexen owner Kemal Cenk Erdem was arrested on charges of “concealing the illegitimate source of assets derived from crime” as part of an investigation conducted by the Istanbul Chief Public Prosecutor’s Office. The arrest warrant issued for Erdem, who was detained as part of the investigation, cited findings regarding financial connections and money transfers between the companies. The judge, after evaluating the existing financial records, company connections, and statements in the file, concluded that there were strong indications of guilt against Erdem. The court ruling stated that Kemal Cenk Erdem was not listed as a direct shareholder, board member, or…

Lightning Labs, the company behind Lightning Network developer tools, announced a dedicated website for L402 on Wednesday, positioning the protocol as a rail for AI agents to pay in bitcoin. “With L402, agents can pay with bitcoin and natively authenticate. No accounts, no intermediaries, no humans involved,” the company said in the post, describing L402 as “the protocol for machine-to-machine commerce on Lightning.” What is new is the site, not the protocol. L402, the Lightning HTTP 402 protocol, already exists in Lightning Labs’ stack. Aperture, an implementation of the standard, “is used today by Lightning Loop, a non-custodial swap service…

The former bitcoin miner continues with its aggressive Ethereum purchases, acquiring more than 53,000 tokens over the past week as its massive treasury now contains 5.9 million $ETH, equivalent to 4.9% of the asset’s total supply. At $ETH’s reported price of just over $2,500 (Sunday data), Bitmine’s Ethereum holdings alone are worth nearly $15 billion. Ramping Up The purchase announced today is substantially larger than the recent ones, including the one from last week, which was for 32,447 $ETH. In the past two weeks alone, the company has acquired almost 86,000 $ETH. The firm now owns 5,901,112 tokens, which represents…

South Korea’s KOSPI extended one of the sharpest turnarounds in global equities on Friday, briefly reclaiming 7,000 as cooling US inflation encouraged investors to pile back into the chipmakers that drove July’s brutal sell-off. The benchmark opened 2.7% higher at 6,995.67 and briefly touched 7,010.86, its first move above 7,000 since July 24. Samsung Electronics gained about 1% early in the session while SK Hynix jumped more than 5%. The advance leaves the KOSPI on course to snap seven consecutive weekly declines and comfortably outperform most regional peers. Korea’s AI trade has flipped from liquidation to recovery The speed of…

Illuvium’s team has agreed to reduce its wages again to preserve the studio’s runway, which co-founder Kieran Warwick now puts at more than 12 months, he said Friday. The cut buys Illuvium past August 2027 on Warwick’s own numbers, at a point when crypto gaming studios are closing. Proof of Play announced on Aug. 5 that it was ceasing operations and open-sourcing Pirate Nation’s code and art under CC0. The games Illuvium has already shipped cover a fraction of its payroll: the protocol generated $9,781 in fees and revenue over the past 30 days, according to DefiLlama, which puts the…

Bitcoin spot volume hit its lowest level since 2019 as Treasuries out-yielded the crypto carry trade for the second time on record, according to Glassnode’s weekly report. Why Institutions Are Sitting In Cash Instead Of Bitcoin? Glassnode analyst Frederik Theissen said in the report that three-month futures basis has paid less than a two-year Treasury since February, meaning institutional desks earn more sitting in cash than running the crypto carry trade. Only one other stretch on record lasted this long, from August 2022 into January 2023, and that one ended at the cycle low. The downstream effect shows up across…

Ethereum enters September near $2,440 after rallying from $1,900 to above $2,500 in late August. The $2,550 level is where sellers have rejected two breakout attempts. Meanwhile, $ETH has also formed a higher cycle high while Bitcoin has not, suggesting stronger relative momentum. Ethereum Price Analysis: Can $ETH Break $2,550 to Confirm the Wedge? Ethereum Price Analysis (Source: TradingView) $ETH trades at $2,440.48, up 0.98%, while consolidating below the wedge’s upper boundary. Analyst Ted Pillows identified $2,550 as the critical breakout level after $ETH failed to hold above it during its latest attempt. The Supertrend remains bullish at $2,212.19. Moreover,…

When India’s rupee weakens, headlines often frame Bitcoin as the obvious beneficiary. The reality is more complicated. A falling rupee doesn’t automatically translate into more people buying crypto in India, even though it does change how the numbers look on paper. Three things actually happen when the rupee falls, and none of them is “everyone buys Bitcoin.” Bitcoin’s rupee price rises on paper without real demand behind it. Stablecoins pick up the actual dollar-hedging flow. And gold, as it has for generations, remains the hedge Indian households reach for first. Bitcoin’s “Gains” Are a Currency Illusion, Not Demand Bitcoin trades…