Author: NBTC

Tether posted approximately $1.5 billion in net operating profit during the second quarter of 2026, supported mainly by returns from its US Treasury portfolio and repo operations, according to the company’s BDO attestation released on Friday. In Q2, USDT supply rose to approximately $184.6 billion by the end of June, extending its share of the global stablecoin market to over 60%. The company reported total assets of $187.7 billion and total liabilities of $183.6 billion, resulting in excess reserves of approximately $4.1 billion. Tether said its reserve portfolio remains concentrated in high-quality liquid assets, with US government-backed securities continuing to…

Polygon Labs eliminated a portion of its workforce this week as the firm reshapes itself around a payments-focused business model rather than its earlier identity as a blockchain foundation. CEO Marc Boiron disclosed the restructuring in a post on X, tying the timing to Polygon Labs’ pending purchase of Coinme. Polygon Labs is nearing completion of its acquisition of crypto firm Coinme now, according to Boiron, with plans to fold the acquired team directly into the broader organization once the deal closes. Boiron framed the merger and the accompanying layoffs as part of one connected effort: repositioning Polygon Labs to…

RIOT stock has climbed 4.7% to $19.91 after JPMorgan raised its Riot Platforms price target to $22 following the Bitcoin miner’s $9.1 billion data center agreement reportedly involving Anthropic. JPMorgan sees momentum building at Riot Platforms On Aug. 1, JPMorgan had increased its price target for Riot Platforms from $20 to $22 while keeping an Overweight rating on the Nasdaq-listed stock. Riot Platforms $RIOT price target raised to $22 from $20 at JPMorganJPMorgan raised the firm’s price target on Riot Platforms to $22 from $20 and keeps an Overweight rating on the shares. The company is “building momentum” with an…

Bitcoin may have already seen its lowest price for this cycle, according to Nansen CEO Alex Svanevik, who told Cointelegraph that he personally does not expect $BTC to fall below $60,000 again. His view is based on Bitcoin’s growing role as a hedge against expanded central bank money issuance, a trend he believes is unlikely to reverse anytime soon. Why Svanevik sees $60K as the new floor Svanevik’s confidence stems from the broader macroeconomic environment. With global central banks continuing to expand their balance sheets, he argues that Bitcoin’s appeal as a store of value strengthens, providing long-term price support.…

Unlike AI, which has driven a surge in demand for graphics processors to train and run large language models, quantum computing targets a different class of challenges. Researchers say the technology could accelerate molecular simulations, optimize complex logistics networks, advance materials science and improve cryptography. Krishna said IBM has already demonstrated some of that potential, using quantum computers to uncover properties of materials that conventional computers had been unable to model. Those insights could eventually contribute to longer-lasting batteries, new materials, fusion energy research and drug discovery. Growing confidence around commercialization has been matched by rising investment. In May, IBM…

Cardano founder Charles Hoskinson has reassured the community that a major announcement involving Midnight is still on the way. His comments came after rumors emerged that the highly anticipated Japanese partnership he teased in June had collapsed following a partnership between Japanese financial giant SBI Group and the Solana Foundation. SBI-Solana Partnership Sparks Speculation As previously reported, SBI Group partnered with the Solana Foundation as part of efforts to position Japan as a leading hub for institutional on-chain finance in Asia. Consequently, some Cardano community members questioned whether SBI was the same company Hoskinson had referenced several weeks earlier. One…

U.S. spot Bitcoin exchange-traded funds recorded approximately $1 billion in net inflows last week, marking the strongest weekly performance since April, according to data shared by Bloomberg Intelligence ETF analyst Eric Balchunas. Context and Market Reaction The inflows were spread across multiple funds, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC), both of which saw positive daily flows. Balchunas noted on X that the uptick came shortly after a reported security incident involving a cold-storage wallet provider, which raised questions about the safety of direct cryptocurrency custody. While the connection is not definitive, Balchunas acknowledged…

Demystifying RWA Tokenization and Illiquidity Commercial maritime shipping has for centuries remained one of global finance’s most capital-intensive and exclusive asset classes. With single dry bulk carriers or container ships costing anywhere from $30 million to over $100 million, vessel ownership has traditionally been restricted to institutional funds, state syndicates, and legacy shipping dynasties. Saeed Bin Saleh Al-Marri, CEO of Ethra Invest and Ethra Ship, is attempting to dismantle those barriers by pairing real-world asset (RWA) tokenization with conservative private equity discipline. By bridging decentralized finance (DeFi) with the physical realities of global trade, Al-Marri is pioneering a roadmap for…

Shiba Inu has missed out on what could have been its first appearance in a U.S.-listed spot crypto exchange-traded fund (ETF). This comes after T. Rowe Price launched its long-awaited Active Crypto ETF without including the meme coin among the supported assets. For months, the Shiba Inu community anticipated $SHIB’s inclusion in the fund. During the ETF’s initial filing in October 2025, the $1.89 trillion asset manager revealed plans to hold between five and 15 digital assets. At the time, $SHIB appeared on the list of cryptocurrencies that met the fund’s eligibility standards, fueling optimism that it would become one…

Bitcoin is consolidating near the mid-$60,000s as technical charts place $69,000-$70,000 as the key bullish reclaim zone and roughly $57,000 as critical downside support. A break above resistance could improve $BTC’s weekly structure, while renewed weakness toward $57,000 would strengthen the risk of a deeper bear-market move toward lower support levels. Bitcoin Repeats Prior Bear-Market Pattern as $57K Becomes Critical Support Gum (@gumsays) argues that Bitcoin is tracking a pattern similar to its previous bear-market cycle, with $BTC falling below a major monthly moving average and then struggling to reclaim it. The chart suggests that failure to hold the $57,000…