Author: NBTC

On-chain data reveals that Ethena (ENA) holds a dominant position in the $USDG stablecoin ecosystem on Robinhood Chain, accounting for nearly half of the total supply. According to on-chain analyst Tom Wan, the firm controls approximately $100 million worth of $USDG on the network, split between direct holdings and a joint vault with Steakhouse. Ethena’s Dominance on Robinhood Chain Tom Wan shared the analysis on X, stating that Ethena holds $50 million in $USDG directly on Robinhood Chain, with an additional $50 million parked in a joint $USDG vault operated by Ethena and Steakhouse. This concentration gives Ethena significant influence…

Ethereum is holding long-term support while testing the descending trendline near $1,900-$2,000. A confirmed breakout could open the way toward $5,000 and support the wider bullish outlook, while another rejection may send $ETH back toward $1,500 or lower. Ethereum Holds Long-Term Support as $44,000 Projection Emerges Ethereum is testing the lower boundary of a multi-year rising channel while trading below $2,000. Analyst Amonyx believes the broader bull market has already begun, but the chart still requires a confirmed rebound before supporting its extreme upside projection. $ETH five-day chart. Source: Amonyx/X The rising trendline has supported Ethereum’s wider structure since the…

Donald Trump struck an optimistic tone on the U.S. economy, arguing that stronger economic growth could support both traditional financial markets like US Stock and risk assets such as cryptocurrencies. His comments came as Bitcoin rose 1.99% to trade around $62,583, while Ethereum hovered near $1,751 and XRP traded close to $1.13 following a volatile second quarter. The latest rally was largely driven by a macro-fueled short squeeze after weaker-than-expected U.S. jobs data eased investor concerns over additional interest rate hikes by the Federal Reserve. Bitcoin is also reportedly showing a 76% correlation with gold, indicating that some investors increasingly…

$XRP rival Stellar (XLM) has continued to thrive across both the crypto and the real-world asset ecosystem, hitting new milestones as adoption continues to grow. According to recent data shared by the RWA Foundation earlier today, Stellar has surpassed $3 billion in on-chain real-world assets (RWAs) as its utility continues to expand. Stellar hits new milestone With Stellar crossing $3 billion in its on-chain RWAs, the network has reached a new milestone as institutional adoption of tokenized assets continues to surge on the blockchain. The source further confirmed that the $3 billion milestone includes both the distributed and represented value,…

The Supreme Court ruled Monday that President Trump can fire commissioners at the Federal Trade Commission and other independent agencies without cause, overturning a 91-year-old precedent that shielded regulators including the SEC and CFTC from at-will removal. The 6-3 decision in Trump v. Slaughter directly reinstated Trump’s 2025 firing of FTC Commissioner Rebecca Slaughter. Chief Justice John Roberts wrote for the majority that Humphrey’s Executor v. United States, the 1935 case that let Congress protect FTC commissioners from removal except for “inefficiency, neglect of duty, or malfeasance in office,” has “not withstood the test of time.” SCOTUSblog reported the ruling…

Standard Chartered has become the first globally systemically important bank to offer direct $USDC minting and redemption. The bank announced Thursday it has partnered with Circle to allow institutional clients to mint and redeem $USDC, without needing direct Circle accounts. Circle 🤝 Standard Chartered@StanChart has launched institutional $USDC minting and redemption through DIFC, becoming the first G-SIB to offer institutional access to $USDC through a regulated banking channel.A major milestone for institutional stablecoin adoption.… pic.twitter.com/SufjFOqjyk — Circle (@circle) July 2, 2026 The service launches first for Standard Chartered’s clients in Dubai, and will expand to other regions “subject to regulatory…

Bitcoin mining firm CleanSpark (Nasdaq: CLSK) has acquired an additional 454 Bitcoin for approximately $29.05 million, according to a report from Cointelegraph. The purchase brings the company’s total Bitcoin holdings to 13,924 $BTC, reinforcing its position as one of the largest publicly traded holders of the cryptocurrency among mining firms. Strategic Accumulation Continues This latest acquisition is part of CleanSpark’s ongoing strategy to build a substantial Bitcoin treasury. The company has consistently added to its reserves over the past year, often purchasing Bitcoin during market dips. The average price for this latest buy was roughly $64,000 per Bitcoin, indicating a…

Ethereum has remained below $1,800 as traders await U.S. inflation data despite growing expectations of a breakout above $1,850. The second-largest cryptocurrency traded around $1,780 after briefly slipping toward $1,770 following the latest geopolitical flare-up in the Middle East. Oil prices jumped after the weekend strikes, reviving concerns that inflation could remain elevated ahead of the June CPI release and Paul Warsh’s expected congressional testimony. Any upside surprise could reinforce expectations for a hawkish Federal Reserve, limiting demand for risk assets and making the $1,800 barrier harder to overcome. Derivatives positioning, however, presents a more balanced picture than price action…

Galaxy Digital has cast doubt on the long-term effectiveness of Strategy’s (MSTR) newly announced capital management overhaul, describing the plan as a temporary measure designed to buy time rather than address the company’s underlying financial pressures. Alex Thorn, head of research at Galaxy Digital, outlined his concerns on X, warning that the company still faces significant preferred stock obligations and a looming wall of debt maturities. Preferred Stock and Dividend Burden Remain Strategy’s preferred stock, ticker STRC, has experienced a sharp decline in value, prompting the company to introduce a new capital operating framework late last month. The plan includes…

New York Fed’s Liquidity Boost Strengthens Bullish Case for $XRP & Crypto The New York Federal Reserve (Fed) is set to inject nearly $9.96 billion into the financial system next week through Treasury bill purchases, a move that crypto market watchers believe could strengthen the outlook for digital assets. According to crypto blockchain researcher BankXRP, while the liquidity injection is not aimed at cryptocurrencies, history shows that top digital assets such as $XRP, Bitcoin, and Ethereum often perform well when the Federal Reserve expands liquidity. By purchasing short-term Treasury bills, the Fed credits financial institutions with new bank reserves, increasing…