Author: NBTC

Bitcoin [$BTC] is becoming scarcer with every halving, but miners are also earning lesser for securing the network. With their holdings declining, are they under pressure to sell their Bitcoin? Bitcoin halving pushes annual supply inflation below 1% Bitcoin miners secure the network by using computing power to verify transactions and add new blocks. In return, they receive newly issued $BTC, known as the block reward, along with the transaction fees paid by users. Every 210,000 blocks (or roughly once every four years) the block reward is cut in half. This slows the rate at which new Bitcoin enters circulation.…

Jito, the COO of Solana, recently tweeted a strong defense against Wall Street’s critiques regarding the safety of open, permissionless systems like Solana for financial activity. He emphasized that concerns surrounding the platform are overstated and that solutions to potential risks are already in progress. This tweet has garnered attention within the community, sparking discussions about Solana’s place in the financial ecosystem. The Key Development Jito’s tweet has ignited a wave of discussion among the Solana community and beyond. By asserting that Wall Street’s fears about open systems are misguided, he aims to reassure users about the platform’s viability for…

Amid the ongoing downturn, recent analysis shows that every major Bitcoin bear market has ultimately found a bottom following a black swan event. For context, black swan events cause sudden, largely unexpected crises that trigger sharp panic selling across the market, including Bitcoin. However, once the initial turmoil subsides, markets have historically transitioned into recovery phases. Major Crises Have Historically Marked Bitcoin’s Cycle Bottoms Over the years, the crypto market has endured several black swans. Notably, the collapse of the Mt. Gox exchange in 2014, the COVID-19 market crash in 2020, and the implosion of FTX in 2022 all coincided…

BMNR was trading at $15.80 on Friday, down substantially from last year’s high of $160. It remains slightly above the year-to-date low of $12.86. BitMine Immersion Will Hit Its 6 Million Target Soon BitMine has accumulated over 5.77 million $ETH coins, which are now valued at over $11 billion. This means that the company needs to buy 222,532 Ethereum coins, currently worth over $422 million. If the trend continues, it will hit its 6 million target in the coming months. Completing the purchases will benefit BitMine’s shareholders in two main ways. First, it will likely conclude the dilution that has…

JP Morgan Asset Management released a comprehensive report on ETFs and how they play a huge part in keeping the whole financial market alive. As per the report, JP Morgan was the largest active ETF issuer with $300 billion in assets under management (AUM). The firm had ETF flows of over $48 billion across 44 active ETF products. Other notable firms that offer crypto ETFs in this list were BlackRock, Fidelity, Goldman Sachs, and Janus. Source: JP Morgan Report Notably, the firm found that AI-themed ETFs were becoming a favorite among investors despite the recent harsh trading conditions. Understanding JP…

Taylor Hornby, the security engineer who used Anthropic’s Opus 4.8 AI model to find a critical bug in Zcash, says privacy coin Monero is among the tokens he intends to audit next. Asked on X whether he could look for flaws in Monero and other private cryptocurrencies, Hornby replied, “Absolutely! I’ll add Monero to my queue of things to audit.” Monero, which trades under the ticker XMR, is among the largest privacy-focused cryptocurrency and hides transaction details by default compared to Zcash, where users can either either transparent or shielded addressed. Hornby found the Zcash flaw on May 29. The…

The Monetary Authority of Singapore (MAS) has officially listed Hyperliquid on its Investor Alert List, as confirmed in a tweet from the organization. This significant announcement highlights the regulatory recognition of Hyperliquid within the Singaporean financial landscape. For further details, see the official source: MAS tweet. The Key Development In the broader context, the cryptocurrency market is currently exhibiting mixed signals, with varying momentum across major assets. The listing of Hyperliquid on the MAS’s Investor Alert List aligns with the organization’s proactive approach to ensuring investor protection and maintaining the integrity of the financial system. This move could potentially shape…

Binance is the largest exchange, with $BNB Chain continuing to make major milestones. The chain is following in the footsteps of early issuers of tokenized stocks and is threatening their positions in terms of total cap. Tokenized stocks issued by Binance are growing bigger and are now key players in the daily volume traded on Binance. Here is why it’s a threat to Securitize, which has the largest market cap of tokenized stocks. Binance-issued tokenized stocks’ growth outpaces early issuers According to data from Token Terminal, Binance-issued tokenized stocks added the largest capital in the past 30 days, ahead of…

In brief Fortitude brought a 12-megawatt mining facility in Grand Island, Nebraska, online, increasing its owned power portfolio to more than 60 MW. The company expects the site to reduce its direct cash cost of mining Zcash through lower electricity costs and newer mining equipment. The announcement follows Fortitude’s planned merger with HeartSciences, which would take the company public. Zcash mining company Fortitude has brought a 12-megawatt facility in Grand Island, Nebraska, online, completing its first greenfield data center and expanding its owned power portfolio to more than 60 megawatts across seven sites. Announced Tuesday, the Digital Currency Group-owned company…

Candy Digital has announced the launch of secondary trading for its digital collectibles on the Solana blockchain via Magic Eden, moving from platform-controlled ownership to on-chain ownership. This significant shift allows users greater control and transparency over their digital assets. Details of the announcement can be found in the tweet from SolanaFloor. The Key Development The broader crypto market is currently exhibiting mixed signals, with various assets showing differing momentum. Candy Digital’s shift to on-chain trading is a notable development within the Solana ecosystem, reflecting increased activity and interest in digital collectibles. This transition signifies a movement towards decentralization and…