Author: NBTC

Grayscale, the issuer of the spot Bitcoin and Ethereum ETFs, has transferred 814 Bitcoin and 11,421 Ethereum—valued at approximately $70 million—to Coinbase Prime, according to on-chain data from Arkham Intelligence. The transaction, recorded on June 11, 2025, is part of the firm’s standard operational procedures for managing its spot crypto ETF products. Standard Redemption Settlement Process The deposits are understood to be linked to the settlement of redemptions tied to daily inflows and outflows from Grayscale’s spot Bitcoin and Ethereum ETFs. When investors redeem shares of these funds, Grayscale must deliver the underlying cryptocurrency to the authorized participants, who then…

Did Whale Buying Mark a Bottom Signal or Just Another False Start? Bitcoin’s steep June sell-off came as large holders continued buying into the decline, according to a July 7, 2026, report from 21Shares titled “ Bitcoin had its worst month in years. Is it the bottom?” Prices weakened sharply, yet a measure tracking whether large holders were net buyers signaled strong accumulation as bitcoin traded between $60,000 and $64,000. That accumulation stood out as the share of investors in profit fell below 50%. The analysis compared the setup with two earlier crisis periods: the March 2020 Covid-19 crash and…

Cap Labs, issuer of cUSD, is in damage control mode following an unpopular u-turn on its long-anticipated “stabledrop” program. Announced on Friday, the changes were met with harsh criticism, substantial withdrawals and accusations of insider trading. Cap’s founder Benjamin Peillard has been forced to defend the firm’s actions, and attempt to distance himself from a wallet which has been accused of receiving preferential treatment. The project bills itself as a “three-sided platform for USD yield, private credit, and financial guarantees.” It currently offers almost 5% on USDC deposits to back its stablecoin cUSD. However, its promise of “verifiable outcomes” apparently…

$TRUMP trades near $1.79 today, down about 96% from its peak. Its market value is $425 million, against nearly $15 billion at the January 2025 high. Of the 722,000 wallets still holding the token, positions are worth $465 million combined. Since launch, about $71 billion in value has moved through the token. Trump, who once was a crypto critic, embraced the technology during the 2024 campaign trail before his return to the White House, promising to make the U.S. the crypto capital of the world. Since then, he has unapologetically maintained his crypto ties even as he and his appointees…

In recent hours, nearly 4 billion Dogecoin has been moved in one of the biggest transfers so far in 2026. The massive Dogecoin figure was moved from major cryptocurrency exchange Binance to an unknown whale wallet at a fee of 1.5331 $DOGE. “3,999,999,999 $DOGE (299,505,966 USD) transferred from Binance to unknown wallet,” Whale Alert reported. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 3,999,999,999 $DOGE (299,505,966 USD) transferred from #Binance to unknown wallethttps://t.co/7CXsQBbtQz — Whale Alert (@whale_alert) July 7, 2026 The massive transfer follows a surge of network activity on the Dogecoin network. On July 5, Ali, a…

Several US states have tightened cryptocurrency ATM rules, with Tennessee and Georgia having brought new restrictions into force as bans and compliance measures continue to expand across the country. According to state laws that took effect on July 1, Tennessee has prohibited the installation and use of cryptocurrency ATMs, while Georgia has introduced new operating requirements that include transaction limits, customer warnings and refund obligations for certain fraud victims. Tennessee and Georgia begin enforcing crypto ATM rules Under the Tennessee law signed by Governor Bill Lee in April, cryptocurrency ATMs and kiosks can no longer be installed or operated anywhere…

South Korean fintech giant KakaoPay is gearing up for the next stage in digital finance, unveiling plans to develop a “super wallet” that would allow users to store both stablecoins and tokenized assets. At the Digital Asset Investment Insights Forum 2026 in Seoul, CEO Shin Won keun emphasized that on-chain finance has become one of the most significant transformations in global markets. KakaoPay aims to integrate blockchain into everyday finance Shin Won keun explained that KakaoPay’s upcoming wallet will connect money transfers, payments, and a range of financial services through stablecoins. The approach is designed to make blockchain-based services accessible…

Latest on-chain data for Bitcoin suggests the leading crypto may not have reached its cycle bottom despite the current massive drawdowns. This is because key historical indicators have yet to flash the signals that marked previous bear market lows. At the time of writing, Bitcoin traded at $63,150, up 0.5% over the past 24 hours and 6.75% over the last seven days. Despite the recovery, the asset remains down 28% year-to-date and nearly 50% below its 2025 all-time high. NUPL Indicator Has Yet to Confirm a Market Bottom CryptoQuant author thechessONCHAIN highlighted Bitcoin’s Net Unrealized Profit/Loss (NUPL) as one of…

Aave rolled out a new product on July 9, 2026, designed to make Aave stablecoin yield accessible to fintech companies without forcing them to build their own DeFi infrastructure from the ground up. The product, called Stable Vaults, lets apps, wallets, and exchanges offer fixed-rate returns on stablecoins — including $USDC, $USDT, and $GHO — through a single integration point. But it enters a market where rival protocol Morpho already has hundreds of millions in real deposits and major platform partnerships to show for it. Key takeaways Aave Stable Vaults launched on July 9, 2026, offering fixed-rate yield on $USDC,…

On June 30, more than 140 companies, including Visa, Mastercard, Stripe, BlackRock, Google, and Circle’s most important ally, Coinbase, unveiled a stablecoin designed to give away the exact revenue stream Circle lives on. CRCL cratered 17% in a day and is down nearly 40% on the month. This is the story of how a moat made of partnerships gets drained by the partners. The most dangerous sentence in Circle’s business model was always hiding in plain sight, in its own filings: nearly all of the company’s revenue comes from interest earned on the reserves backing $USDC. Not fees. Not technology.…