Author: NBTC

Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing people familiar with the matter. Heathcote stepped down as Tether’s chief investment officer in March to take an advisory role after overseeing the stablecoin issuer’s investment portfolio. Bloomberg reported the planned sale involves only part of his 1.26% ownership stake. Tether issues USDt ($USDT), the world’s largest stablecoin by market capitalization. With a circulating supply of roughly $184 billion, $USDT accounts for roughly 59% of the stablecoin market, according to DefiLlama data. The planned…

$XRP’s relationship with banks splits into two separate stories that get blended together constantly: banks using the $XRP Ledger as settlement infrastructure, and banks using $XRP the token itself. Ripple, the company behind both, has signed up more than 300 banks and financial firms through its RippleNet network, but most of them use RippleNet’s messaging layer to move fiat currency faster, not $XRP itself. A growing number of institutions have also started building directly on the $XRP Ledger for tokenization and stablecoin settlement, again largely without touching $XRP as an asset. Only a smaller group of institutions actually use $XRP…

In the Nevada Supreme Court, Kalshi lost an effort a few days ago to halt a requirement that it block its customers in the state from much of the platform’s trading activity. The denial signed by three state justices on Wednesday said they were “not persuaded” by the business’ emergency motion, and Kalshi may also face legal trouble for failing to geofence its business by a court-imposed deadline. In Ohio, Kalshi sued the gaming regulator on Monday — following earlier, parallel court arguments from the Commodity Futures Trading Commission — seeking to halt Ohio’s penalty against the company on accusations…

Germany’s cooperative banking network has begun offering cryptocurrency trading through DZ Bank, opening digital asset access to millions of retail customers across the country. According to a Bloomberg report, the rollout gives customers of participating cooperative banks the ability to buy and sell cryptocurrencies directly through their existing banking relationships rather than using dedicated crypto exchanges. The service is already being introduced through a platform developed by DZ Bank and currently supports cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Cardano. The expansion comes as Germany’s banking sector gradually changes its stance on digital assets after years of avoiding retail crypto services…

Stablecoin supply is shrinking, and it’s becoming one of the biggest reasons behind Bitcoin’s weak price action. New data from CryptoQuant shows fresh stablecoin inflows to exchanges have dropped 31% yearly. Meanwhile, the combined supply of $USDT and $USDC is also falling, reducing the buying power needed to support Bitcoin’s recovery. Stablecoin Supply Is Falling, And So Is Bitcoin Stablecoins like $USDT and $USDC, which are often called the cash of the crypto market are seeing its value shrink by nearly $3 billion every month. According to CryptoQuant analyst Axel Adler Jr., stablecoin exchange inflows are now 31% below their…

Key takeaways Ethereum ($ETH) is extending its recovery, trading near $1,800, a key technical resistance level. Despite improving momentum, $ETH remains below its 50-day, 100-day, and 200-day EMAs, keeping the broader trend cautious. Technical indicators, including the RSI and MACD, suggest bullish momentum is strengthening. Ethereum price nears $1,800 as recovery momentum builds Ethereum ($ETH) continued its recovery on Friday, climbing to around $1,790 as buyers pushed the cryptocurrency closer to the important $1,800 resistance level. Although recent gains have improved short-term sentiment, Ethereum remains below several major moving averages, indicating that the broader trend has yet to shift decisively…

The Battle for Reserve Yield The stock of Circle, the issuer of the $USDC stablecoin, jumped 7% on Monday as investor panic following the announcement of the launch of rival coin Open USD subsided. According to market data, CRCL topped $69.52 at around 3:30 p.m. EST, after starting the day trading just over $64. Nevertheless, at the time, the stock was still more than 5% below its June 29 opening price of $75 and well below its year-to-date peak of more than $132 recorded around March 18. The stock’s volatility follows a turbulent session last Tuesday, when a single press…

Something unusual happened to Lido’s $LDO token on July 8, 2026. While Bitcoin slipped 0.78% and Ethereum edged down 0.96%, $LDO posted a 16.79% gain in a single 24-hour window, climbing to $0.3269. The Lido price surge didn’t come from speculation alone — it came from two structural moves that fundamentally expand who can access liquid staking, and how. Key takeaways $LDO surged 16.79% to $0.3269 on July 8, 2026, with 24-hour trading volume exploding 202.62% to $117.88 million. Lido enabled wstETH transfers directly to Robinhood, opening liquid staking rewards to mainstream retail investors. A partnership with Anchorage Digital —…

No one is willing to say the bill is dead yet. Three different people following the process said late last week that they were still optimistic about the bill’s chances of passage this year. There are a few different reasons for this. While Congress isn’t in session much this summer, most of the work that needs to happen is happening behind the scenes anyway. One person noted that staffers were still meeting to hash out the various issues, including reconciling the Senate Agriculture Committee and Senate Banking Committee versions of the bill. The Senate only needs to be in session…

$HYPE price has risen over 7% to reclaim $70 after VALR announced plans to launch a new cross-asset perpetuals product using Hyperliquid’s on-chain liquidity infrastructure. VALR, Africa’s largest crypto exchange by trade volume, said the product will introduce more than 200 perpetual markets across crypto, equities, indices, commodities, precious metals, and foreign exchange. The web launch is set for Monday, July 6, with mobile access expected to follow later. The integration gives VALR users access to Hyperliquid’s liquidity while keeping trading activity inside the VALR platform. Hyperliquid described the move as a major step for financial applications built on on-chain…