Author: NBTC

Strategy Inc. CEO Phong Le has announced a radical simplification of the mNAV formula, which governs the company’s issuance of new shares. The financial reform comes at a critical moment: according to the latest TradingView charts, Strategy’s key instruments and Bitcoin itself have suffered steep declines since the beginning of the year. Why change the formula now? The main change is the introduction of a fixed efficiency threshold of 1.0x, while the mNAV metric itself has risen to 1.07x. According to Le, this creates the simplest and most transparent trigger possible for restarting the equity “printing press.” The new formula…

On August 11, the CFTC invoked emergency powers for only the seventh time in its history to keep Kalshi running after New York filed a $36 billion lawsuit calling prediction contracts illegal gambling. The clash between federal derivatives law and state gaming enforcement may define the regulatory future of every crypto-adjacent market in America. When the Commodity Futures Trading Commission ordered a private company to ignore an active state lawsuit and keep its doors open, the agency crossed a line that no federal financial regulator had approached in more than four decades. The August 11 emergency order did not merely…

Cryptocurrency exchange $HTX has denied any involvement in a series of small transfers that were flagged by community members on social media, after reports suggested the transactions may have originated from the platform. The exchange’s official spokesperson, Molly, who also serves as an $HTX DAO ambassador, addressed the concerns in a post on X, stating that the company is conducting further checks to determine the specific source and cause of the transfers. Exchange Response and Investigation Molly said $HTX is not ruling out possibilities such as address labeling issues or errors in how the origin of on-chain transfers is identified.…

Market Momentum and Intraday Volatility Bitcoin nearly reached $65,000 on Thursday as the cryptocurrency’s gradual rise, albeit a slower one since the start of the month, showed no signs of slowing. Although selling pressure weighed on the market at times, bitcoin’s daily chart showed support above $64,500 during pullbacks. However, bitcoin slipped below that threshold in two separate trading sessions. The first drop occurred between 9 p.m. and midnight, when the price fell to around $64,480 or lower. While bitcoin rallied past $64,900 by 1:30 a.m. EST, a similar pattern emerged shortly after 8 a.m., when the asset dropped to…

Schwab Asset Management put “natural language processing” front and center in the name of its $232 million crypto-equity ETF, four years after the fund began using the technique to pick stocks. STCE is an equity ETF, not a spot crypto fund. It owns shares in companies connected to the crypto ecosystem rather than cryptocurrency or other digital assets directly. The fund, formerly called the Schwab Crypto Thematic ETF, became the Schwab Crypto Thematic Natural Language Processing ETF on July 28. Its ticker remains STCE. The 2026 summary prospectus retains the stated objective, 0.30% annual operating expense ratio, and Schwab Crypto…

Prism, a token that pays a share of trading fees to everyone who holds it, is relaunching on a new Ethereum contract after disclosing that an attacker spent most of July siphoning off nearly 40% of those fees. The original PRISM token, which the project is now abandoning, plunged about 91% in the 24 hours through 2:13 p.m. ET on Tuesday, compared with a 4% gain for Bitcoin, according to CoinGecko data. It changed hands near $16, down from a high of about $1,145 on June 3, for a market value of roughly $82,000 on about $288,000 of 24-hour volume.…

The central debate in digital asset policy used to be whether to regulate at all. That question is now settled. MiCA’s transitional period ended July 1st, 2026; the UK finalized its cryptoasset rulebook on June 30th; the US celebrated the one-year anniversary of the $GENIUS Act becoming law; and the SEC and CFTC issued joint guidance in mid-March that classified many digital assets as digital commodities. What now keeps industry participants and policymakers up at night is whether rules written in Washington, London, and Brussels can interoperate and work alongside one another. The end of MiCA’s transitional period triggered a…

Bitcoin mining is entering into a new phase as companies that were only used for producing Bitcoin ($BTC) have now moved towards AI and high-performance computing as per Coinshares. There’s a clear reason for this shift: AI needs huge amounts of electricity and data center space, which are things Bitcoin miners already have. Their operations are built on power-intensive computing sites. Moreover, CoinShares has also expanded the investment strategy of its Bitcoin Mining ETF (WGMI) and has shifted its focus beyond traditional Bitcoin mining companies to include AI and high-performance computing (HPC) infrastructure. Miners have invested a great amount of…

Bitcoin whales accumulated 38,000 $BTC through accumulation addresses, reducing the amount of available supply on exchanges. The estimated average purchase price is near $70,000, creating a critical market level. Analysts believe the move could represent long-term confidence or an attempt to recover losses, making whale activity a key factor for Bitcoin’s next direction. Large holders are increasing their Bitcoin exposure as whales accumulate 38,000 $BTC during a period of market uncertainty. The movement has attracted attention because these investors now hold positions with an estimated average cost close to $70,000. The accumulation trend suggests that some major players continue to…

Prediction market traders are betting that Nvidia (NASDAQ: NVDA) will extend its rally over the coming month, pushing the stock toward the $250 mark. In line with this outlook, Polymarket data assigned the AI chipmaker a 50% probability of closing August above $240, implying upside of roughly 22% from its press-time price of $197. However, traders are becoming more cautious about gains beyond that level. To this end, Polymarket assigned a 26% probability that Nvidia will finish above $248, while the odds of a close above $256 drop sharply to just 4%. At the same time, the market prices a…