Author: NBTC

Leverage Reset Shifts Focus to Spot Demand Bitcoin’s futures market has undergone a sharp leverage reset. Traders are now watching whether the next move will be driven by spot demand rather than derivatives speculation. Data shared by Cryptoquant on June 22 showed total $BTC Open Interest across exchanges falling from $26.0 billion to $20.89 billion during June. The drop in futures exposure outpaced the decline in price. Bitcoin fell from roughly $71,200 at the start of the month to $63,234 by June 21, down 11.4%, while Open Interest contracted 19.5%, indicating futures exposure was reduced more aggressively than the decline…

Silent builder activity often tells a different story than token prices. In a week where DeFi tokens drifted sideways, the update from Santiment on yield farming development rankings placed Yearn Finance, Aave, and Gearbox among the top movers—while a handful of established names slipped. The data, pulled from GitHub activity across project repositories, offers a window into which teams are shipping code, not just marketing. Yearn Finance ($YFI) claimed the top spot, marked with a neutral directional indicator but holding steady from the previous month. Aave’s Ethereum deployment rose to third, climbing two positions. Gearbox Protocol entered the top five…

Stablecoin supply has roughly doubled since January 2024, while entity-adjusted transaction volume has grown fourfold to fivefold, according to Coinbase Institutional, opening a wide gap between the amount of dollar liquidity held onchain and the volume of activity that liquidity supports. Market capitalization records the stock of stablecoins in circulation, which captures available liquidity, reserve demand, and issuer scale. Transaction throughput, on the other hand, records how intensively those tokens move through exchanges, payment systems, treasury accounts, and settlement workflows. A system holding $500 billion that moves infrequently offers greater capacity than one holding $250 billion, but the smaller system…

The Abu Dhabi Global Market (ADGM) has officially recognized Tether Gold (XAUT) as an Accepted Spot Commodity. In a Monday announcement, Tether, the stablecoin issuer behind XAUT, noted that the recognition allows firms in ADGM to offer XAUT, subject to their own relevant regulatory permissions and approval to use Accepted Spot Commodities. Speaking on the development, Tether CEO Paolo Ardoino stated that ADGM’s recognition of XAUT demonstrates the UAE’s continued leadership in digital asset regulation. According to Ardoino, bringing XAUT into the ADGM’s Spot Commodities framework creates room for firms with the relevant regulatory permission to work with a token…

A cryptocurrency wallet associated with Dutch exchange Bitvavo has withdrawn 3.89 million Chainlink ($LINK) tokens, valued at approximately $32.59 million, from Coinbase Prime. The funds were transferred to a newly created address, according to on-chain data. Details of the Transaction The large-scale movement was detected by blockchain tracking services on [Date of transaction, e.g., Tuesday]. The address, identified as belonging to Bitvavo, initiated the withdrawal from Coinbase Prime, a platform widely used by institutional clients for custody and trading. The receiving address was previously inactive, suggesting a new wallet setup, possibly for internal treasury management or long-term holding. Why This…

$AAVE has officially launched on the Solana network, marking a significant milestone in decentralized finance. This integration, revealed by CryptoTwitter commentator Wormhole, enhances the cross-chain capabilities of $AAVE, allowing for broader liquidity and user engagement. As the DeFi landscape evolves, this move is likely to attract more users to both $AAVE and Solana, fostering a more interconnected ecosystem. Breaking It Down The broader crypto market is currently exhibiting mixed signals, with various assets showing differing momentum. $AAVE’s integration into Solana not only suggests a strategic alignment aimed at improving transaction speed and reducing costs but also positions $AAVE to tap…

The Spot exchange-traded funds (ETFs) have been experiencing a prolonged period of negative performance. Galaxy Research reports that net outflows of $6.35 billion over the past 30 days have caused U.S. spot Bitcoin [BTC] ETFs to record their worst monthly performance since their inception. Source: Galaxy Research This number is the highest of all 582 rolling 30-day periods that the firm tracks, highlighting a notable exodus of institutional capital from Bitcoin investment products. If the trend continues, such prolonged outflows could lessen the short-term demand support for Bitcoin prices. Needless to say, these outflows usually indicate waning investor sentiment, profit-taking,…

Changpeng Zhao, the co-founder of the world’s largest cryptocurrency exchange Binance, has stirred discussions after reacting to Elon Musk’s joke about losing his trillionaire status. CZ has also made jokes after joining the conversation when Elon Musk jokingly referred to himself as a “(Former) Trillionaire”, giving it a new definition. Binance’s CZ says Elon Musk is “pre-rich” Following a post that showed the SpaceX founder and big Dogecoin fan laughing off his recent decline below the $1 trillion mark, CZ joined the jokes. In his statement, CZ gave a different definition to Musk’s “former trillionaire” label, saying it is a…

Starknet, the Ethereum Layer 2 scaling network, has confirmed plans to deploy its v0.14.3 upgrade on the mainnet on June 22. The update, which introduces a dynamic Layer 2 gas base fee tied to the $STRK token price, is designed to improve network performance and refine the fee structure for users and developers. Upgrade Timeline and Testnet Deployment The v0.14.3 upgrade will first roll out on the Starknet testnet on June 9, allowing developers and infrastructure providers to test compatibility before the mainnet launch. This two-phase deployment is a standard practice for Starknet, ensuring that critical changes are validated in…

Political Headwinds and the Legislative Calendar In a statement marking the first anniversary of the House’s bipartisan passage of the Digital Asset Market Clarity (CLARITY) Act, committee leaders reiterated their warning that the current “regulation by enforcement” paradigm is stifling American innovation. Lawmakers emphasized that a persistent lack of regulatory stability has already forced digital asset firms offshore, making the legislative framework vital to maintaining the United States’ position at the center of the global digital economy. The anniversary arrives as the bill remains in limbo, stalled in the Senate since last year. Despite mounting industry pressure, the legislation faces…