Author: NBTC

Cosmos Health’s crypto treasury was down about 46% at the end of June as the Nasdaq-listed company warned that recurring losses and reliance on outside financing raised substantial doubt about its ability to continue as a going concern over the next 12 months. The company held 474.85 ETH and 15.66 BTC worth a combined $1.66 million against a $3.1 million cost basis, leaving about $1.44 million in unrealized losses. Ethereum accounted for $1.25 million, or 87%, of the shortfall. The holdings stem from an August 2025 financing agreement with ATW Digital Asset Opportunities VII that allowed Cosmos to issue up…

Coinbase Chief Executive Officer Brian Armstrong urged the US Senate to move quickly on crypto legislation, warning that the US is falling behind other major economies that have already established rules for digital assets. In an Aug. 21 post on X, Armstrong said most G20 countries have adopted or are developing crypto frameworks, leaving the US as an outlier. He called for federal rules to give the industry clearer guidance and preserve the country’s position in global finance. The vast majority of G20 countries already have a regulatory framework for crypto trading. The UK just got theirs a few months…

This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. A Bitmain Antminer Z15 Pro mining Zcash is generating an estimated $727.30 in gross revenue per megawatt-hour of electricity, according to The Energy Mag’s analysis as of Monday. That is about 3.3 times an estimated industry-average HPC yield of $222.73 per MWh. The Z15 Pro also generates about 4.5 times the $162.11 estimated for Bitmain’s latest-generation Antminer S23 Pro bitcoin miner and more than seven times the $102.67 produced…

In his latest video analysis, cryptocurrency analyst Benjamin Cowen assessed the current market situation of Bitcoin in light of its technical indicators and historical cycles. According to Cowen, Bitcoin has entered a critical technical consolidation phase that will determine its direction in the near future. Cowen argued that two key levels stand out in Bitcoin’s technical chart: Bear Market Resistance Band: Continues to slide downwards around the $69,000 level. 200-Week Moving Average: Continues its upward movement around the $63,700 level. The analyst stated that with the bear market resistance band falling and the 200-week average rising, the price is becoming…

Mantle has expanded its real-world asset yield business into DeFi with a non-custodial stablecoin vault after its Bybit-based product crossed $200 million in assets under management. According to Mantle’s Aug. 25 X thread, the new product is available through Fluxion and combines infrastructure from CIAN and Grove to give stablecoin holders direct access to an onchain yield strategy. Mantle Vault proved itself in CeFi. Today, it opens to everyone in DeFi.After crossing $200M on @Bybit_Official, a new vault is now live on @Fluxion_network with @grovedotfinance and @CIAN_protocol, giving millions access to RWA yield with stablecoins on Mantle.Here’s how ↓ pic.twitter.com/lwj1xEVGgW…

Antalpha’s facilitated loan book shrank by $696 million in the second quarter as losses on tokenized gold holdings at its subsidiary, Aurelion, pushed the digital asset financing group into the red. According to the firm’s filing with the US Securities and Exchange Commission (SEC), its total loan book fell 34% to $1.35 billion as of June 30, from $2.05 billion a year earlier and $1.71 billion at the end of March. As a result, the company’s revenue fell 28% to $12.2 million, while net income attributable to Antalpha swung to a $12.5 million loss from a $700,000 profit. Meanwhile, the…

The crypto industry is piling more legal challenges on Illinois over its new law that imposes a 0.2% tax on businesses transacting or storing crypto for customers within its borders, with two more advocacy groups filing another lawsuit. The Crypto Council for Innovation and the Blockchain Association sued the state on Friday, claiming the crypto tax violates the U.S. Constitution, Illinois Constitution and the Internet Tax Freedom Act. Its legal volley joins an earlier lawsuit filed last month by the Digital Chamber. “This tax singles out digital assets for uniquely punitive treatment based on the underlying technology rather than the…

Two crypto prediction market startups announced they were winding down within 90 minutes of each other on Monday morning, both giving users until Sept. 30 to pull their money out. The venues that closed sat at opposite ends of the market. Trepa built its own mechanism on Solana, paying users by how close their numerical guess landed to an outcome. Fireplace built a professional trading terminal on top of Polymarket and charged a fee for routing orders there. Neither found a position that survived contact with the two exchanges that now absorb nearly all the trading. Kalshi and Polymarket took…

$ZEC’s Price Run Drags More Machines Back Online $ZEC’s price traded around $820 to $871 between Aug. 23 and Aug. 25, while estimates put Zcash’s network hashrate in the mid-20s of gigasolutions per second, or GSol/s. Several trackers recently printed readings near 27 to 29 GSol/s, putting network activity around its highest levels on record. The economics explain exactly what is happening. When coin revenue outruns electricity and hosting costs, machines sitting dark suddenly become productive assets again. Operators switch on idle equipment, pack additional units into existing halls, or hunt for more machines until climbing difficulty starts eating the…

Boltz, the non-custodial bridge that routes swaps between bitcoin’s mainchain, the Lightning Network and Liquid, disabled its service indefinitely on Monday, saying months of automated, AI-assisted attacks on its infrastructure have outpaced its ability to ship fixes. Boltz first took its swap services offline at 5:54 am ET on Aug. 3 without explanation. In a follow-up statement about six hours later, the team said the suspension will last “until further notice” and described a months-long pattern of intrusions. “Over the past months we have seen a steady rise in automated, AI-assisted probing of our infrastructure, and we have dealt with…