Author: NBTC

Michael Saylor’s Strategy published formal guidance last July that his company would not sell MSTR stock below 2.5x the value of the company’s $BTC holdings except to pay interest and dividends. It’s sold $14.3 billion of MSTR since, every share of it below that formerly sacred 2.5x mNAV. The term mNAV — invented by fans of public companies amassing crypto — refers to a company’s multiple-to-Net Asset Value under the assumption that crypto holdings like $BTC are tantamount to its NAV, even though they’re not. Saylor’s ephemeral pledge appeared on July 31, 2025, on slide 96 of the company’s earnings…

LayerZero is positioning itself as infrastructure for institutional finance, as a new debate emerges over the security trade-offs in cross-chain messaging systems. In a newly released ecosystem report, LayerZero outlined plans for “Zero,” a dedicated Layer 1 blockchain designed to support tokenized assets, stablecoin settlement, and 24/7 capital markets. The push comes as blockchain analytics platform L2BEAT publicly questioned whether projects migrating from LayerZero infrastructure to Chainlink’s CCIP after the KelpDAO exploit are necessarily gaining meaningful security improvements. LayerZero pushes beyond cross-chain bridging The report shows LayerZero increasingly framing itself as financial infrastructure rather than simply an interoperability protocol. According…

Banco Santander, Spain’s largest bank, has disclosed in official regulatory filings that it holds a position of approximately $4.3 million in spot Bitcoin ETFs traded in the US. While this amount isn’t enormous in absolute terms, given the bank’s management of over $1 trillion in assets, it reflects a trend among traditional financial institutions to build Bitcoin exposure through regulated channels. Santander Takes a New Step in its Cryptocurrency Strategy The bank scored approximately 35% in the 2026 Bitcoin Bank Adoption Index, placing it among the institutions researchers categorized as “mid-level.” This score puts Santander on par with banks like…

The prolonged negotiations between the US and Iran, coupled with the Federal Reserve’s (FED) tight monetary policy messages under new chairman Kevin Warsh, and decreased appetite for risky assets, caused Bitcoin to fall. However, according to the data, the decline in Bitcoin is not over, and preparations for a $52,000 level have begun. According to Deribit data, $BTC options traders are buying put options, betting that the price will fall as far as $52,000. According to Deribit data, there has been significant buying activity in short-term and near-term put options in the last 48 hours. Specifically, there was considerable buying…

BitMEX co-founder Arthur Hayes has made another significant purchase of Ether ($ETH), acquiring 3,298 tokens worth approximately $6.32 million, according to blockchain tracking data from EmberCN. The funds were withdrawn from major crypto trading firms FalconX and Galaxy Digital. Consistent Accumulation Since Mid-July This latest transaction is part of a broader buying pattern by Hayes. Since July 15, he has accumulated a total of 7,212.6 $ETH, with the total value of his purchases reaching $13.82 million. His average purchase price across this period is calculated at $1,916 per token, suggesting a strategic accumulation at what he may perceive as a…

CoinShares has introduced a UCITS platform as part of a strategic expansion into Europe’s regulated investment fund industry. The move also extends its business beyond crypto exchange-traded products into traditional fund structures. According to the company’s Tuesday statement, the platform enhances its asset management capabilities by adding another scalable product engine that supports regulated investment funds alongside its existing ETP, alternative investment and on-chain asset management businesses. “This is not simply the launch of another investment product. It marks our entry into the UCITS market with a platform that allows us to develop and launch regulated investment funds under one…

In brief The price of Cardano ($ADA) fell to a more than five-year low on Wednesday as Bitcoin and other top coins sank. Founder Charles Hoskinson warned that the ecosystem is in trouble amid declining market conditions. Cardano analytics firm TapTools is shutting down. Hoskinson said community investment is necessary to avoid further failures. Following the sunsetting of Cardano analytics firm TapTools, network founder Charles Hoskinson warned that more firms in the ecosystem will likely shut down this year as the market squeezes Cardano ($ADA) and the broader crypto ecosystem. The network’s token, $ADA, is down a further 6% in…

South Korea has spent the past year quietly becoming one of Solana’s most important markets. Banks are exploring stablecoins. Card issuers are testing blockchain payments. Now one of the country’s largest payment processors wants to bring Solana Pay to hundreds of thousands of merchants. KSNET has signed a memorandum of understanding (MOU) with the Solana Foundation to integrate Solana Pay across its network of more than 330,000 merchants, marking one of the largest merchant payment initiatives on the blockchain in Asia. The company processes around 130 million transactions every month, representing roughly $4 billion in monthly payment volume. Bringing Solana…

A Bitcoin ETF lets you own Bitcoin’s price through an ordinary brokerage account, with no wallet, no keys, and no crypto exchange. But there are three different kinds, and they behave very differently. Here is the complete guide to what they are, how they work, and which one fits. Table of Contents What an ETF is, to start The three types of Bitcoin ETF How a Bitcoin ETF keeps tracking Bitcoin’s price The advantages: why Bitcoin ETFs became so popular The tradeoffs: fees and what you give up ETF versus holding Bitcoin yourself The risks worth understanding The wrapper that…

Pseudonymous trader CrediBULL Crypto is calling for Ethereum ($ETH) to reach $20,000 or higher, repeating a target he first laid out three weeks ago when the token was trading near $1,500. According to him, Ethereum is finishing a multi-year base against Bitcoin ($BTC) and is about to enter its first bull run since 2017. The Charts Behind the $20K Call Responding to a claim by alphatracker that $ETH would go to $10K+, CrediBULL simply posted “$20K+,” and shared a link to a video where, instead of presenting the target as speculation, he built his case around long-term chart structures on…