Author: NBTC

Several large, deliberate trades hit the tape recently, building up this concentration of open interest at $70,000 and $72,000 levels. Laevitas identified a large bull call spread structure, involving buying the $70,000 call and simultaneously selling the $72,000 call. The bull call spread, as the name suggests, bets on a moderate upswing in prices of the underlying asset, in this case, up to $72,000. “The structure accounts for approximately 49% and 50% of total call open interest at the $70K and $72K strikes, respectively,” Laevitas noted. Other notable trades included calendar spreads, a strategy used to profit from volatility changes…

In brief A meme coin called $BONER cornered 53% of the tokenized Hims & Hers Health shares on Robinhood Chain over the August 30 weekend. The move briefly sent the wrapped stock to $132.64 against a real Friday HIMS close of $28.84. The real HIMS stock barely moved, trading near $29 on Monday, but the pattern has spread across Robinhood Chain, where meme coin-stock pairs generated $217 million in trading volume on September 2. A meme coin called $BONER locked up more than half the tokenized shares of Hims & Hers Health on Robinhood’s blockchain over the weekend of August…

The $LAB token has fallen 99.94% from its all-time high after tokens from its public sale were finally unlocked, according to on-chain analyst ai_9684xtpa. The unlock, which occurred yesterday, has triggered allegations of price manipulation from the crypto community, as early participants saw their paper gains evaporate almost entirely. Background and Timeline of the $LAB Token Unlock Participants joined the $LAB public sale in October last year. Within nine months, the token’s price surged 1,120-fold, making early investors appear to hold substantial profits. However, the lock-up period was not lifted as expected. According to ai_9684xtpa, the project unilaterally delayed the…

Uzbekistan has launched a pilot to test payments with a som-pegged stablecoin backed by government securities. On Monday, the National Agency for Prospective Projects (NAPP) said it had registered Humo Digital as a participant in a special regime jointly overseen with the central bank. The pilot will test the issuance, circulation and redemption of HUMO, with each token pegged to one Uzbek som. NAPP said more than 20 merchants are prepared to test HUMO payments for goods and services. The project will also integrate participating banks’ payment-processing and blockchain infrastructure. Asterium, a licensed crypto exchange, will serve as a project…

Billionaire Nvidia director Mark Stevens sold $410.84 million of the chipmaker’s stock across three days this week and didn’t even bother to note any predetermined trading plan or reason for his disposal. It was the largest insider Nvidia stock sale in history by dollar value, clearing the previous record by $175 million. He disclosed his sales on a single SEC Form 4 with his Third Millennium Trust executing seven separate transactions. Stevens and his wife are co-trustees of Third Millennium Trust. Stevens’ trust sold 585,000 NVDA shares on Monday, 63,501 on Tuesday, and 1.2 million on Wednesday. All told, Stevens…

Pump.fun, the Solana-based platform known for simplifying meme coin creation, has initiated the token unlock for its native $PUMP token. According to on-chain analyst EmberCN, the distribution began approximately five hours ago, with 4.94 billion $PUMP tokens—valued at roughly $13.6 million—already moved to 125 wallets. This marks a significant milestone for the project, as early backers and team members gain access to their allocations. Token Unlock Details and On-Chain Data Token unlocks are a standard mechanism in cryptocurrency projects to gradually release locked tokens to team members, investors, and advisors. This process is designed to prevent sudden market dumps and…

The U.S. Commodity Futures Trading Commission asked a federal court on Sept. 2 to dismiss CME Group’s lawsuit challenging the regulator’s treatment of cryptocurrency perpetual contracts as futures. The CFTC argued that CME lacks legal standing because the exchange could list perpetual futures under the same regulatory policy it is challenging. The agency characterized part of CME’s claimed competitive disadvantage as resulting from its own decision not to offer comparable products. CME filed the case in the U.S. District Court for the District of Columbia on June 18. It seeks to overturn the CFTC’s approval of Kalshi’s Bitcoin perpetual contract…

Visa’s stablecoin-linked payments business is scaling rapidly, with the company now processing settlement activity at a pace equivalent to more than $20 billion annually. The annualized settlement rate has increased more than 15-fold year over year, reflecting the broader expansion of stablecoin-powered card products across Visa’s network. During the company’s fiscal second quarter, Visa had more than 160 such programs live worldwide, with payment volume nearly tripling from the prior year. Stablecoin Card Growth Creates a Financing Challenge The rapid expansion of these programs has also created a working-capital challenge for some issuers. Card providers generally need capital available to…

Bitcoin ($BTC) is currently trading within the $65.2K range. Neither buyers nor sellers drive a strong directional move. The largest and dominant asset, Bitcoin ($BTC), is currently hovering within the $65,276 range. Also, the 24-hour trading volume is settled at $23.37 billion, down by 15%. That drop in volume during a rejection hints that conviction on the buy side is thinning out. The .618 Fibonacci retracement level on the higher timeframes is stalling the downtrend and creating a reaction zone. $BTC’s downtrend has not reversed, but it has paused. That pause at a significant Fibonacci level is combined with other…

Tesla Cybercabs stock crashed 6% in an hour this morning following news of a compliance audit. Yesterday, Tesla commercially deployed Cybercabs onto public streets in Austin, Texas. By the end of the day, the National Highway Traffic Safety Administration (NHTSA) quietly opened a new probe, Audit Query AQ26002, of up to 1,000 Tesla vehicles, which would more than cover the company’s Cybercab fleet of only a few dozen vehicles. Tesla stood behind its claim that “Cybercab is engineered to be the safest car on the road.” Chart of Tesla from September 3 close through noon on September 4. Source: TradingView…