Author: NBTC

Bitcoin mining company LM Funding America has announced it will officially rebrand as PowerCompute on July 22, local time. The company’s stock ticker will also change from LMFA to PWCM, marking a strategic pivot toward high-performance computing (HPC) and artificial intelligence (AI) infrastructure. Strategic Shift Toward AI and HPC According to the company, the rebranding reflects a broader strategic shift to expand its HPC and AI infrastructure businesses. PowerCompute plans to leverage its existing 26-megawatt power infrastructure to support these new ventures. The company emphasized that it will continue its strategy of holding Bitcoin on its balance sheet, maintaining a…

Gold and Bitcoin are continuing to see investor exits as the ‘debasement trade’ unwinds following slow progress as far as U.S-Iran talks are concerned. In fact, Bloomberg ETF analyst Eric Balchunas noted that the macro hedges are close to ‘becoming roomies’ in terms of capital outflows. After the gold rush: GLD and GDX hangover getting worse, rough year, and now short interest has spiked 80% and 50% respectively via S3 data. Fast on the way to becoming roomies with bitcoin in the proverbial doghouse. Source: X GLD tracks long commodity investors (gold) while GDX tracks long equity positions. For gold,…

Yoshitaka Kitao, CEO of Japanese financial giant SBI Holdings, has attributed the sluggish price action to a massive capital rotation. According to Kitao, who recently weighed in on the current market downturn on the X social media network, institutional investors are raising cash and liquidating digital asset positions to prepare for a wave of blockbuster initial public offerings (IPOs) in the United States. The crypto market is being temporarily starved of liquidity as institutional “smart money” sets capital aside to acquire shares in SpaceX, Anthropic, and OpenAI. These highly anticipated stock market debuts require enormous amounts of capital. Hence, investors…

Early Warning Services, the financial technology company that operates the widely used U.S. peer-to-peer payment network Zelle, has announced the launch of its own dollar-pegged stablecoin, ZLUSD. Alongside this digital asset debut, the company revealed it will roll out an international remittance service, selecting India as the first market for cross-border money transfers. The move signals a significant strategic pivot for Zelle, which has traditionally focused on domestic, real-time payments between U.S. bank accounts. By issuing a proprietary stablecoin and building a remittance corridor to India, Early Warning Services is directly entering the competitive global payments arena, challenging established players…

Thailand’s central bank is tightening its grip on large cash movements and high-value stablecoin flows, with $USDT now firmly in the crosshairs of regulators. The Bank of Thailand is introducing a requirement that anyone depositing THB 5 million ($150,000) or more in cash must verify the source of those funds — a threshold that signals just how seriously Bangkok is treating the intersection of digital assets and financial compliance. Key takeaways The Bank of Thailand requires source-of-funds verification for cash deposits of THB 5 million ($150,000) or more. Thailand’s SEC and the Bank of Thailand are jointly reviewing large stablecoin…

World, a Chainlink-powered prediction market launched in the Phantom wallet on Solana on July 1, said recently that it is moving to Robinhood Chain. The move shifts the project from Solana’s crypto-focused users to Robinhood’s roughly 28 million customers, prompting some users to accuse it of using Solana to gain attention before leaving. After more than two years of teasers, the concept debuted in Phantom, a well-known Solana wallet. It allowed players to wager on the price of Bitcoin and the 2026 FIFA World Cup, with rewards issued in Phantom’s CASH stablecoin and results validated by Chainlink. The initiative closed…

Billionaire investor and longtime Bitcoin bull Tim Draper has denied moving his Bitcoin after blockchain analysts linked him to a large $BTC transfer to Coinbase Prime. “Haven’t touched my $BTC,” Draper told Cointelegraph on Friday, adding that he still expects Bitcoin to reach $250,000 within one year. The statement came after blockchain analytics platform Lookonchain reported Thursday that a wallet “possibly linked” to Draper had transferred 1,000 Bitcoin worth about $62 million to Coinbase Prime, citing data from Arkham. The case highlights both the growing role of blockchain analytics in tracking large crypto transfers and the challenges of independently confirming…

Large cryptocurrency investors have continued buying Ethereum over the past three days. They withdrew nearly 82,000 $ETH, worth more than $154 million, from major exchanges this week. At the same time, Fundstrat Chairman Tom Lee shared a long-term bullish outlook for Ethereum. He said the cryptocurrency could ‘easily’ rise 100-fold. Whales Withdraw Nearly 82,000 $ETH From Exchanges According to blockchain analytics platform Lookonchain, several whale wallets accumulated Ethereum between July 15 and July 17. On July 17, two newly created wallets withdrew 20,000 $ETH worth about $37.72 million from Coinbase Prime. During the same period, investment firm Abraxas Capital withdrew…

Kraken’s parent company is bringing one of Wall Street’s most coveted opportunities to crypto investors: buying into IPOs at the same price as institutional investors. Payward, the parent company of the crypto exchange, said Wednesday it will “soon” allow customers of Kraken and other members of its xStocks Alliance to participate in U.S.-listed initial public offerings through tokenized shares. The offering would give eligible investors a chance to receive allocations at the IPO price rather than purchasing shares after trading begins on public markets. The first tokenized IPO offerings are expected to become available through Kraken and other xStocks Alliance…

The cryptocurrency project World, previously known as Worldcoin, has announced a significant strategic shift. The project is moving away from its reliance on token-based incentives to drive adoption and is instead focusing on monetizing its core technology: proof of human verification. This transition was detailed in a recent update on X, outlining the third phase of its five-part ‘Simple Plan’ roadmap. World ID 4.0 and the Introduction of Protocol Fees At the heart of this new strategy is World ID 4.0, an upgraded version of its digital identity system. The key change is a fee-based structure for businesses and platforms…