Author: NBTC

BitGo Holdings BTGO$6.5800·At close, a crypto custody company, said it became the first global cryptocurrency firm to secure a virtual asset services provider license in South Korea, giving it access to institutions in one of the world’s most active crypto populations. The company, which went public on the New York Stock Exchange (NYSE) earlier this year at a $2 billion valuation, established a local entity, BitGo Korea, to add to existing regulated units in the U.S., Singapore, Germany, and Dubai. The Korea Financial Intelligence Unit (KoFIU) approval covers virtual asset custody and transfer services for institutional and enterprise clients, BitGo…

CoreWeave stock has bounced back substantially in the past few days, moving the July 29 low of $60 to the current $90.6. It has jumped by over 50% as investors rotate back to companies in the artificial intelligence industry. This rally will be put to the test as it publishes its financial results this week. CoreWeave stock in focus ahead of earnings CoreWeave, a former Bitcoin miner that counts Nvidia as its biggest shareholder, has been under pressure since June last year when it peaked at $187. It dropped to a low of $60 in July as concerns about the…

A wallet believed to be associated with the Ethena team has transferred 170 million $ENA tokens, valued at approximately $14.09 million, to the crypto trading platform FalconX. The transaction, which occurred about an hour ago, was flagged by on-chain analytics platform Onchain Lens, which noted that the move could indicate a potential sale through an over-the-counter (OTC) deal. The wallet in question had previously received the $ENA tokens from Ethena’s Gnosis Safe multisig wallet last year. Context and Market Impact This transfer comes at a time when $ENA, the native token of the Ethena protocol, has been under market scrutiny.…

The US Treasury Department has proposed new licensing rules for payment stablecoin issuers under Section 3 of the $GENIUS Act, opening another major comment period for digital asset regulation. The proposed rulemaking was issued on August 18 and published on August 21. Under the proposal, payment stablecoin issuers would need to obtain a federal or state license starting January 18, 2027. By July 18, 2028, digital asset service providers would be prohibited from offering unlicensed stablecoins to US persons. Public comments are open until October 19, 2026. This is not active law yet. The proposal is still in the rulemaking…

Riot Platforms shares are trending. Riot Platforms Q2 Key Metrics Riot reported second-quarter revenue of $174.20 million, beating analyst estimates of $152.06 million, according to Benzinga Pro. The company reported a second-quarter adjusted EBITDA loss of $69.73 million. Riot Signs 20-Year Data Center Agreement Subsequent to quarter’s end, Riot signed a 20-year data center lease with a “leading frontier AI lab” for 191 megawatts of capacity at the company’s Rockdale campus. The deal is expected to generate approximately $9.10 billion in total initial contract revenue. “Today’s announcement of a landmark 20-year, 191-megawatt data center lease with a leading frontier AI…

On August 18, Onchain Lens, which tracks blockchain transactions, reported that Multicoin Capital had moved about 172,710 $HYPE (about $10.15 million) to Coinbase Prime, a destination that has often been associated with selling by traders. Given that $HYPE is currently among the top 10 crypto tokens, the action by one of its major institutional backers is likely to attract attention far beyond Hyperliquid users. This is important as $HYPE’s market cap is almost $13 billion and is currently priced at about $58.59, as per DefiLlama. Given that market cap, the token movements are far from taking place independently. Major transfers…

A federal judge has allowed parts of an investor class-action lawsuit against Coinbase and certain executives to proceed, keeping allegations over risk disclosures alive in court. US District Judge Katherine Polk Failla ruled on August 20 that some claims could move into discovery. The court dismissed several claims but allowed allegations that Coinbase misled investors by concealing potential bankruptcy risks and downplaying SEC scrutiny to proceed. The ruling is procedural. It does not mean Coinbase has been found liable. It does not prove wrongdoing. It means the plaintiffs cleared enough of an early legal hurdle for certain claims to continue.…

Social media platform X is in talks to explore how stablecoins, such as Circle Internet’s CRCL$83.78·At close USDC, can be used to pay royalties to influential users for uploading content, according to a person familiar with the plans. The conversations with X are ongoing, said the person, who also works with other social media platforms testing stablecoins as a way to pay commissions to influencers. Media representatives of X did not immediately respond to requests for comment. Stablecoins, which boast a collective market cap of over $300 billion, have become a staple for blockchain payments, facilitating faster, cheaper cross-border transactions…

Bitcoin is trading roughly 50% below its all-time high set back in October, and more than 40 weeks into the current downturn, four separate long-term indicators are converging in a way that has historically marked the later stages of a bear market rather than the early ones, according to one analyst. A Historically Accurate Model Nearing Its Floor Bitcoin is currently tracking close to the lower boundary of its long-term power law, a pricing model that has held roughly 96% accuracy throughout the asset’s history. The price has not broken decisively below that boundary, but it remains at the extreme…

Blockchain Association asked five U.S. agencies to clarify that customer identification requirements under the $GENIUS Act apply to direct issuer relationships, not independent peer-to-peer stablecoin transactions. The industry group filed its comments by the Aug. 21 deadline and summarized its position on Aug. 24. It supported the proposal’s main approach but requested clearer definitions, less duplicated compliance work and explicit flexibility for digital identity tools. FinCEN, the Office of the Comptroller of the Currency, Federal Reserve, Federal Deposit Insurance Corporation and National Credit Union Administration jointly proposed the customer identification program in June. Stablecoin identity checks focus on direct customers…