Author: NBTC

Arthur Hayes’ investment firm Maelstrom said Worldcoin could surge to as high as $5 per token over the next few months, with $WLD acting as a crypto proxy for the AI boom. “The AI mega IPOs are coming — and it appears the market has overlooked one of the cleanest proxies,” said Maelstrom researcher Lukas Ruppert on Wednesday. The AI boom has been in full swing in the US. OpenAI confidentially filed its IPO prospectus with the SEC on May 22, targeting a public debut in September 2026, with the firm aiming to raise $60 billion with a potential valuation…

Kraken Institutional, the institutional-investor division of U.S. cryptocurrency exchange Kraken, has signed a memorandum of understanding with Bitcoin infrastructure project VerifiedX. The agreement, reported by Wu Blockchain on July 30, aims to establish qualified custody support for vBTC, a programmable Bitcoin token. What the Partnership Entails Under the MOU, Kraken Institutional and VerifiedX plan to create a regulatory-compliant environment that allows institutional investors to hold and use vBTC. According to VerifiedX, vBTC is fully backed by Bitcoin and can be redeemed for $BTC at any time through its protocol. This arrangement seeks to bridge the gap between Bitcoin’s store-of-value properties…

Glassnode reported that Bitcoin ($BTC) has retreated to a critical support zone after retesting its February lows. According to the analysis, while the $BTC price remains near important technical levels, the pricing of future uncertainty in the options market has weakened significantly. Data shows that Bitcoin’s one-week implied volatility has fallen from approximately 60% to 35%. The downward trend in the overall volatility curve also indicates that the market’s expectation of sharp short-term price fluctuations has decreased compared to recent times. Glassnode also noted that the 25 delta skew indicator has retreated from the extreme levels seen during the June…

A U.S.-listed company is quietly building a substantial position in Ethereum. Bitmine (NYSE: BMNR), a firm publicly pursuing a strategic accumulation of the second-largest cryptocurrency, has withdrawn 7,500 $ETH — valued at approximately $14.61 million — from the custody platform BitGo. The transaction occurred roughly four hours ago, according to data shared by on-chain analyst EmberCN. On-Chain Signals Point to Continued Buying EmberCN, a widely followed blockchain analyst, noted that the withdrawal from BitGo suggests Bitmine is continuing its Ethereum accumulation campaign. Exchange and custody platform withdrawals are commonly interpreted by market observers as a signal of long-term holding intent,…

Public equities are leading the growth of RWA markets. While RWA started out with bonds and money funds, tokenizing stocks has started to find a use case in the category. Public equities are coming on-chain at a higher rate, becoming a key type of RWA. The ability to trade some of the hottest trending stocks is also changing the entire crypto ecosystem, offering new life to otherwise less active exchanges. While institutions are still interested in BTC, ETH, and some tokens, equities are taking the attention of retail, as well as whale-sized traders. Public equities spark a new wave of…

Stablecoin depegs are a recurring feature of crypto bear markets. And the latest candidate is apxUSD, the preferred equity-backed stablecoin of the Apyx protocol. As market leader bitcoin fell sharply in the past 24 hours, reaching lows under $63,000 at one point, apxUSD briefly slipped to as low as 93 cents, deviating from its 1:1 dollar peg, according to CoinMarketCap. The stablecoin is primarily backed by preferred equity issued by digital asset treasury firms, specifically Strategy’s STRC shares, which carry a $100 par value. The protocol purchases those shares, collects the dividend they pay and distributes the yield to onchain…

FTX will begin an approximately $900 million fifth distribution under its Chapter 11 plan on Friday, July 31, paying holders of allowed Convenience and Non-Convenience claims who met the June 16 record-date and applicable pre-distribution requirements. Eligible creditors should receive funds from BitGo, Kraken or Payoneer within one to three business days from July 31, according to FTX’s fifth-distribution notice. FTX’s July 24 creditor FAQ distinguishes allowed-claim status from readiness for payment. The original claim holder had to satisfy the Plan’s know-your-customer requirements by June 16. Once the claim was allowed, its holder also had to submit a valid tax…

CleanCore Solutions, a cleaning-products and Dogecoin-treasury company pivoting into AI infrastructure, announced a Minnesota data-center venture whose operating company is a party to a 10-year colocation agreement with AI-compute company Cerebras. The estimated $800 million contract value comes with a $479 million project budget and up to $500 million in commitments from CleanCore, turning the customer win into an immediate capital test. CleanCore holds 79% of the joint venture. Its July 29 Form 8-K schedules a $40 million initial contribution as $25 million on the closing date and up to $15 million, based on budget needs, within four business days.…

As the search for direction continues in the cryptocurrency markets, Michael, an analyst at The DeFi Report, one of the leading analysis platforms in the sector, evaluated Bitcoin’s (BTC) current cycle, potential bottoms, and expectations for the upcoming period in a comprehensive report. Last September and October, an analyst who timed his move perfectly by almost entirely converting his portfolio to cash (risk-off) before the big crash, suggested that the “ultimate bottom” for Bitcoin may not yet have been tested. Michael strongly opposes common market narratives such as “This time the cycle has been broken” or “We’ve entered a supercycle.”…

Ethereum price has surged nearly 25% since the start of July after rebounding from the $1,500 support zone. The rally added more than $400 to its price in less than a month. The recovery followed June’s steep correction, restoring bullish sentiment across the market. Buyers have consistently defended higher lows throughout the ongoing uptrend. $ETH now trades near the $1,900 resistance zone after reclaiming $1,800. A successful breakout could bring the $2,000 psychological level back into focus. Ethereum Price Builds Bullish Structure as Resistance Nears Ethereum has maintained a bullish structure since rebounding from the $1,500 support zone. The daily…