NovaBay Pharmaceuticals, Inc. (NYSE:NBY) announced Monday its corporate name change to Stablecoin Development Corporation, signaling a full shift toward a cryptocurrency-focused strategy.

From Pharms To Crypto

The biotech firm will also adopt a new ticker symbol, SDEV, which is expected to take effect on April 3, according to the press release.

The company’s CEO, Michael Kazley, stated, “The name change to Stablecoin Development Corporation reflects our conviction that stablecoins represent the most compelling structural opportunity in digital finance.”

The firm has pivoted from a pharmaceutical focus to become an “on-chain holding company,” focusing on long-haul bets in…

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The Bullish Trade

Bullish, a digital asset platform, recently released its fourth-quarter 2025 results. The company, known for its market infrastructure and information services, reported its financials on February 5, 2025.

Bullish reported fourth-quarter adjusted revenue of $92.5 million and adjusted EBITDA of $44.5 million, both rising year-over-year, while net loss widened to $563.6 million. Adjusted net income improved to $28.9 million despite a slight dip in digital asset sales to $64.3 billion.

The company said it expects 2026 subscription, services and other revenue of $220 million to $250 million, with adjusted operating expenses projected between $210 million and $230… Read more on Benzinga

Bitcoin spiked above $71,000 as U.S.-Iran talks seem to advance towards a conclusion of the war.

Notable Statistics:

Coinglass data shows 165,632 traders were liquidated in the past 24 hours for $831.23 million.       

SoSoValue data shows net outflows of $52.1 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $41.97 million.

In the past 24 hours, top losers include Siren, River and Kaspa.

Notable Developments:

Trader Notes: CryptosBatman noted Bitcoin is showing a hidden bullish divergence supported by improving macro sentiment. However, he noted the price remains below key resistance, meaning the move could either extend into a short rally or…

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The SEC on Friday submitted two proposed crypto regulation rules to the White House for review.

The Innovation Exemption

Bloomberg on Monday reported that SEC Chairman Paul Atkins previewed the digital asset proposal at the Digital Chamber’s 2026 Blockchain Summit last week:

A sweeping digital asset proposal including an “innovation exemption” for crypto firms.

A hedge fund disclosure overhaul targeting Form PF reporting requirements.

The measures would allow crypto companies to temporarily avoid registration as brokers, exchanges, or other regulated entities for a limited period, giving them room to develop products without full securities compliance.

The proposal builds on the…

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Ethereum Holdings And Accumulation Strategy

The company has accelerated accumulation, including a recent weekly purchase of 65,341 ETH.

Staking Scale And Revenue Potential

BitMine generates annualized staking revenue of $184 million, with potential to reach $272 million as staking scales. The MAVAN staking solution remains on track for a first-quarter 2026 launch.

Regulatory Catalyst And Management Outlook

Management pointed to regulatory developments, including a 68% probability that the Clarity Act will pass in 2026, as a potential catalyst for Ethereum.

“Bitmine has maintained the increased pace of ETH buys in each of the past three weeks, as our base case is ETH is in the final stages of…

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XRP (CRYPTO: XRP) is up 3% over the past 24 hours, with improving on-chain data and adoption trends supporting a bullish outlook.

Cryptocurrency
Ticker
Price
Market Cap
7-Day Trend

XRP
(CRYPTO: XRP)
$1.43
$88.8 billion
-2.7%

Bitcoin
(CRYPTO: BTC)
$70,194
$1.42 trillion
-3.5%

Ethereum
(CRYPTO: ETH)
$2,130
$262.97 billion
-4.8%

Trader Notes: Crypto chart analyst Ali Martinez said XRP whales accumulated about 40 million tokens over the past week, adding that a TD Sequential buy signal points to a potential rebound.

XRP is holding support near $1.40, with analysts viewing the recent pullback as a short-term correction within a broader …

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