Author: NBTC

Bitcoin has staged a solid recovery, climbing back above $62,000 after one of its sharpest pullbacks of the year. The move caps a two-week grind higher off the lows, and the standout feature on the chart is clear: the $58,000 level has now been defended twice, turning what looked like a breakdown risk into a well-defined buying zone. The recovery lines up with a broader shift in market structure. Buyers stepped in aggressively around $58K–$60K, recovery volume held up, and a short squeeze forced bearish positions to unwind — liquidating hundreds of millions in shorts across the market. Underneath it…

Tom Lee, Chairman of Bitmine Immersion Technologies (the world’s largest corporate holder of Ethereum), is strongly pushing an “$ETH 2.0 thesis.” In it, he says Ethereum ($ETH) is at an inflection point similar to Amazon before AWS or Nvidia before the AI boom. Ethereum enters “$ETH 2.0 era” amid Wall Street and AI adoption In a recent commentary titled “$ETH is the Cure for the Uncanny Valley of Wealth,” Lee argued that at present $ETH is “grossly undervalued” because retailers are “rage-quitting at the bottom.” At press time, $ETH was trading at $1,844, down 46.97% in the past year and…

Anthropic has picked Morgan Stanley and Goldman Sachs to lead work on its initial public offering, Bloomberg reported, as the Claude maker moves closer to a potential public debut. JPMorgan Chase is also involved in the deal, according to the report. Anthropic is weighing a listing as soon as October and has filed confidentially for an IPO, though the details could still change and more banks may be added. The move comes after Anthropic was valued at $965 billion in its latest funding round, making it one of the world’s largest private companies and putting it ahead of OpenAI’s valuation…

Turkish prosecutors have accused 504 people of operating an alleged money laundering network that moved nearly 40 billion Turkish liras through shell companies, jewellery stores, payment providers and cryptocurrency transactions. According to a 1,548-page indictment prepared by the Istanbul Chief Public Prosecutor’s Office, the suspects allegedly used shell companies, bank accounts, foreign exchange offices, point-of-sale terminals and crypto transfers to disguise proceeds generated from illegal betting operations. Prosecutors alleged the network established a web of front companies that allowed betting revenues to enter the financial system before being routed through a proprietary digital accounting platform known as “M80.” The indictment…

The Impact of Collateral Choice A new report by derivatives exchange BitMEX challenges the conventional wisdom that funding rates are merely a direct reflection of short-term market sentiment. It highlights how deep structural mechanics—ranging from exchange demographics and margin design to index oracle choices—drive persistent funding rate disparities across otherwise identical perpetual swap contracts. According to BitMEX, understanding these structural friction points unlocks reliable, recurring arbitrage opportunities for digital asset traders. “Funding rates are often viewed as a simple indicator of market sentiment, but the reality is more nuanced,” said Peter Wilkinson, CEO of BitMEX. “Our research shows that structural…

Bitcoin BTC$64,432.07 miner and AI infrastructure developer Hut 8 (HUT) jumped as much as 14% after announcing a $9.8 billion, 15-year lease for the second phase of its Beacon Point data center campus in Texas, helping lift shares across the sector. The agreement, signed with the same investment-grade tenant that leased the first phase of the project, fully commercializes the 1-gigawatt campus. Hut 8 will build another 352 megawatts (MW) of AI computing capacity based on Nvidia’s data center architecture, bringing the tenant’s total contracted capacity at the site to 704 MW. The second lease fully commercializes Beacon Point’s 1-gigawatt…

Bitcoin investors have entered an average unrealized loss of about 20%, while a key on-chain cost basis indicator has climbed to roughly $76,700, creating a resistance level that analysts say is weighing on the market. According to CryptoQuant analyst Darkfost, Bitcoin’s True Market Mean (TMM) currently stands near $76,700, a level that represents the average acquisition cost of active Bitcoin holders rather than the entire supply. The indicator excludes long-dormant and partially lost coins, making it a measure of the cost basis for actively traded Bitcoin. Source: X/Darkfost Darkfost said the TMM has become an important resistance level because a…

Earlier today, Whale Alert reported a substantial transfer of 191,232,309 $USDC, valued at approximately $191 million, from an unidentified whale to the Aave protocol. This development has caught the attention of traders and investors alike, highlighting potential shifts in market dynamics. You can view the details in the original tweet from Whale Alert here. What Went Down The crypto market is currently displaying mixed signals, but the transfer of 191 million $USDC to Aave stands out in today’s trading environment. This sizeable transaction underscores the interest in Aave and could reflect an impending liquidity boost for the decentralized finance platform.…

Ethereum has risen 1.8% to $1,845 after Rep. Bryan Steil raised hopes for a Senate vote on the CLARITY Act next week, while ETF inflows and firm chart support kept traders cautiously bullish. Steil, who chairs the House Financial Services Subcommittee on Digital Assets, told FOX Business that the bill could reach the Senate floor in the coming week. Passage could place $ETH under a digital commodity framework and establish federal rules for its trading and oversight. During a July 17 hearing, Steil urged lawmakers to complete the legislation as the Senate prepares to consider it. “Let’s pass CLARITY,” he…

STRC, a dividend-paying preferred stock that Strategy (formerly MicroStrategy) founder Michael Saylor has outrageously promoted as a competitor to high-yield bank accounts, traded 5.3% below its par value at one point today. Multiple crypto derivatives of STRC are mirroring the crash. No US bank account or money market is allowed to lose money like that, and such customers would enjoy FDIC and SIPC protection against loss, anyway. Unfortunately, STRC has no insurance. Nor does Strategy guarantee its price or dividends. As of writing time, STRC and its unauthorised crypto proxies remain about 4% below their formerly stable trading range. Despite…