Author: NBTC

Coinbase’s (COIN) latest product launch event may not have changed Wall Street’s near-term earnings forecasts, but it reinforced a growing belief among analysts that the crypto exchange is steadily transforming itself into a broader financial platform with revenue streams that extend beyond bitcoin’s price cycles. At Tuesday’s System Update event in New York, Coinbase unveiled products spanning derivatives, tokenized stocks, stablecoin payments, lending and artificial intelligence. While the announcements covered a wide range of businesses, analysts focused less on the individual products and more on what they reveal about the company’s long-term strategy. For years, Coinbase’s fortunes have been closely…

Bitcoin’s recent surge past $80,000 has reignited optimism among traders, but algorithmic trading firm Wintermute is urging caution. In a new analysis, the firm argues that the rally is primarily the result of a short squeeze in the perpetual futures market, rather than genuine spot demand — a distinction that makes the current price level inherently unstable. Short Squeeze, Not Spot Buying Wintermute’s report highlights that a significant number of short positions accumulated as Bitcoin approached the $70,000 level. When the price broke higher, forced liquidations and short covering created a cascade of buying pressure that pushed the asset above…

With 12 days remaining in June, Finbold has prompted Grok and ChatGPT to generate Ethereum ($ETH) price predictions for July 1, 2026. As of June 19, the highest average AI Ethereum price prediction for July 1, 2026, was $1,960, while the base and bearish cases were $1,771 and $1,610, respectively. On average, the two AIs’ Ethereum price prediction for July 1, 2026, is roughly $1,780. $ETH price prediction for July 1: Source: Grok and GPT Grok’s Ethereum price predictions were more conservative, with a bullish case of $1,880, a base of $1,730, and a bearish case of $1,600. Meanwhile, GPT…

SpaceX closed its first trading day at $161 a share, up more than 19%, and Elon Musk became the world’s first trillionaire. While markets celebrated, Bloomberg senior commodity strategist Mike McGlone delivered a cold-water take on what Thursday’s historic listing actually means for crypto, equities and the broader capital markets. A Structural Shift, Not a Temporary Rotation The question most crypto investors are asking is whether the capital leaving digital assets for SpaceX and AI stocks will come back. “Structural change,” he said. “Cryptos have unlimited supply of millions of coins worth billions and tracking nothing. That is being purged…

New data on the revenue performance of projects in the cryptocurrency market has revealed that stablecoin issuers and blockchain networks, in particular, stand out in revenue generation. According to data from the last 30 days, the projects generating the highest revenue across the sector and their revenue trends present a remarkable picture. At the top of the list was stablecoin issuer Tether ($USDT). Revenue generated from the use of its reserves reached $459 million in the 30-day period, with no significant change observed in revenue. It was followed by Tron ($TRX), which stands out with its robust transaction fee model.…

The U.S. Commodity Futures Trading Commission (CFTC) has issued a no-action letter that allows certain expiring cryptocurrency futures products to be converted into perpetual futures, marking a significant regulatory shift for digital asset derivatives. The Division of Market Oversight released the letter on June 12, extending previous regulatory clarifications to cover the conversion process for products tied to cryptocurrencies with deep and active spot markets, such as Bitcoin. What the No-Action Letter Permits Under the new guidance, futures contracts with fixed expiration dates can be restructured into perpetual futures by removing their expiry provisions, provided they meet specific requirements. Perpetual…

Crypto platform Blockchain.com has added 173 tokenized stocks and exchange-traded funds through a partnership with Ondo Finance, bringing its catalog of tokenized traditional assets to more than 430 offerings across Ethereum, Solana and BNB Chain. According to an announcement on Wednesday, the new listings include tokenized exposure to private company shares, active exchange-traded funds, Treasury products and covered-call strategies, with Blockchain.com highlighting SpaceX’s SPCX token among the additions. The expansion also adds themed baskets tied to AI infrastructure, energy, robotics, autonomous vehicles and quantum computing, alongside income-focused products from Global X and other issuers. A recent proposal by the US…

In brief Bitcoin’s current bear market drawdown of around 36% from its ATH is shallower than historical cycles, which saw 40–50% declines. ETF inflows and corporate treasury accumulation have introduced structural demand that analysts say is reshaping how Bitcoin cycles play out. One analyst noted that similar conditions—above True Market Mean and STH cost basis—preceded bear market resumptions in 2014, 2018, and 2022. Bitcoin’s recovery over the past few weeks has led to shallower losses than any previous bear market on record, leading analysts to believe that the cycle may have permanently changed—though not all are convinced the old playbook…

Ethereum reached record H1 activity with 3.6 million daily transfers and about 600,000 daily active wallets, despite weak $ETH trading. Token Terminal estimated $316.2 billion locked across Ethereum apps and vaults, up more than 22% in the past quarter. RWA tokenization led growth with 1,058 assets, 199,156 holders, and transactions up over 30%, while $ETH open interest and whale activity weakened during the same H1 reporting period. Ethereum’s network activity has reached record territory in the first half of 2026, creating an awkward split between blockchain usage and $ETH’s weak market performance. Trading has slowed and the token has remained…

In brief An anonymous Polymarket trader put $1 million on Spain to beat Cape Verde in their Group H opener on June 15, 2026. Spain and Cape Verde drew 0-0, resulting in the trader losing everything. Polymarket user “Fishalive” bet against Spain at just 9¢ a share, netting a $4.3 million profit. Press F to pay respects. Someone put $1 million on Spain to win a football match against a team making its World Cup debut. The market on Polymarket priced the draw at 6.6 cents. The logic was airtight. The outcome was not. 🚨BREAKING: Someone just put $1M on…