Author: NBTC
Just days after Dave Portnoy said he’d have “no further comments” on selling off his XRP stash before the recent price surge, the Barstool Sports founder discussed the move further on his daily “Davey Day Trader Global” stream, sharing more about the misplay. Last week, Portnoy said that he’d missed out on “millions” of dollars by selling his bag of XRP at a price of $2.40—not long before the Ripple-linked cryptocurrency surged in value, reaching a new all-time high price of $3.65 last week per data from CoinGecko. On Monday, Portnoy provided more detail about why he sold off the…
A U.S. senator has declared “this is the year for digital assets,” endorsing landmark federal efforts poised to transform crypto regulation, boost innovation and reshape financial markets. Senate Leadership Aligns With White House to Champion Crypto Revolution U.S. Senator Cynthia Lummis (R-WY) praised the President’s Working Group on Digital Asset Markets on July 30, describing the group’s latest report as a major advancement for U.S. leadership in financial innovation. Speaking in her role as Chair of the U.S. Senate Banking Subcommittee on Digital Assets, Lummis stated: “I’m overjoyed we finally have a president who understands the transformative power of digital…
Jesse Powell’s crypto exchange Kraken is seeking $500 million at a $15 billion valuation, a 36% increase from its $11 billion valuation in 2022. That price anchors a comp for the world’s largest crypto exchange, Changpeng Zhao’s Binance, at more than $100 billion. Using a traditional price-to-sales (P/S) ratio, Kraken is seeking a 10x multiple of its $1.5 billion in 2024 revenue. Powell wants that valuation ahead of his initial public offering (IPO) in 2026. Unfortunately, Kraken has been seeking a $15 billion valuation for many years. As early as winter 2021, Powell was fundraising in the $10-20 billion range.…
Bitcoin miners struck gold in July, hitting their highest earnings since the April 2024 halving. In fact, July’s mining income jumped approximately 19.42% higher compared to June. Bitcoin Miners Rejoice With July Windfall Bitcoin’s price action gave miners a much-needed boost last month, with July clocking in as their best payday since the April 20, 2024 halving. Back then—more than a year ago—miners raked in $1.79 billion. This July, they pulled in a solid $1.66 billion in total earnings from fees and block rewards, according to data from theblock.co. Source: Bitcoin Miner Revenue (Monthly) from theblock.co. In June 2025, miners…
Spheron Network, a famous decentralized compute platform, has partnered with Warden Protocol, a cutting-edge L1 blockchain to offer intelligent, AI-native applications. The collaboration is mainly focused on conducting a joint interactive campaign via Galxe, a well-known Web3 identity and credential platform. As per Spheron’s official announcement, the campaign takes into account several rewards and quests before the beta launch and Token Generation Event (TGE) of Warden Protocol. Thus, the development is a notable step to expedite the Web3 management layer. Spheron x @WardenProtocol Quests are LIVE on Galxe!We’re excited to celebrate our partnership, Warden’s Pre-Road to TGE, and Warden App…
After a brief consolidation phase near $118K, Bitcoin price has broken decisively higher, climbing to a new multi-week high above $122,000. This move follows renewed ETF inflows, strong on-chain accumulation, and geopolitical uncertainty triggered by President Trump’s 30% tariffs on the EU and Mexico. Traders are now eyeing the $125K–$130K resistance range as the next key hurdle. Bitcoin Price Forecast Table: July 15, 2025 What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) The breakout comes after a textbook bull flag resolution visible on the daily and 4-hour charts. Price has surged from the $114K–$115K support zone and now…
Ether prices have skyrocketed 150% since their April lows below $1,500 to come just shy of $4,000 this week. The massive move has been driven by institutional exchange-traded products and a new wave of treasury companies scooping up the asset, and one of those firms thinks ETH is extremely undervalued. Tom Lee’s ETH treasury firm Bitmine Immersion Technologies has posted its first presentation titled “The Alchemy of 5%” on Monday, and in it are some wild predictions. ETH Valuation at $60K “Many on Wall Street say Ethereum is the ‘biggest macro trade over the next decade’,” the firm stated. It…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.Data from CoinShares continues to highlight the gap in investor enthusiasm between the U.S. and Hong Kong when it comes to bitcoin ETFs and other listed digital asset products.Digital asset products in the U.S. generated $4.36 billion in inflows last week, accounting for nearly the entire global total of $4.39 billion, according to CoinShares. In Hong Kong,…
As OKX releases its latest proof of reserves, holding $28.8 billion in assets, a curious trend emerges: Bitcoin withdrawals persist while Ethereum deposits climb. What’s driving the shift, and does it signal deeper market dynamics? Summary OKX’s 33rd proof of reserves confirms full backing of $28.8B in user assets, with BTC at 106% and ETH at 101%. Despite robust reserves, user-held Bitcoin dropped by 8,395 BTC since May, a nearly $1B outflow. Ethereum deposits surged 6%, signaling shifting sentiment as traders embrace ETH’s growing on-chain utility. On July 30, crypto exchange OKX published its 33rd proof of reserves, verifying it…
eToro prepares for a turning point: Yoni Assia, CEO of the platform listed since May on Nasdaq, confirmed in an interview on Fortune the opening towards its own blockchain to support millions of monthly transactions and accelerate the offering of new digital assets such as tokenized stocks on Ethereum. What is eToro’s proprietary blockchain and why is it needed? What changes for users with the tokenization of stocks? How does eToro fit into the race for the tokenization of Wall Street? What is the market response: Is ETOR losing ground? What are the risks and advantages for eToro clients? What…