Author: NBTC

Critics would argue that three past instances aren’t enough to draw a definite conclusion. While that is true, the contrarian record of the bear cross is consistent with the reputation of ultra-long-duration moving averages as “lagging” indicators. Backward looking Think about the information the averages are conveying. They represent the average price over the previous 50 and 100 weeks. In other words, they reflect price action that has already materialized. The imminent bear cross is essentially a reflection of the 50% drop in bitcoin price from $126,000 in October to nearly $60,000. It has limited predictive power at best. By…

Valkyrie has officially announced the completion of its ETF platform sale to CoinShares. This move is significant for investors as it consolidates CoinShares’ position in the rapidly evolving digital asset ecosystem. The sale reflects Valkyrie’s commitment to focusing on its core business while enhancing the offerings available to investors through CoinShares. For further details, see the official announcement here. The Key Development The broader cryptocurrency market is currently exhibiting mixed signals, with varying momentum across major assets. Valkyrie’s announcement marks a pivotal moment in the ETF space, highlighting the ongoing consolidation trend among firms looking to capitalize on the digital…

Blockchain investigator ZachXBT has called out BitMEX co-founder Arthur Hayes on June 6 for dumping tokens he had publicly promoted. He questioned how much “exit liquidity” Hayes’s followers absorbed in the process. This comes after Hayes exited positions in $NEAR, $HYPE, $ZEC, and $WLD in a space of two weeks, each sale following public endorsements that drew retail attention to the tokens. >Promote $WLD position you claim to be super bullish on multiple times with targets significantly higher than current price >Exit $WLD position shortly after ??? — ZachXBT (@zachxbt) June 6, 2026 Which tokens did Hayes sell after promoting?…

Chris Dixon recently expressed strong support for Mike Selig’s nomination to chair the Commodity Futures Trading Commission (CFTC). He emphasized that the timing is critical, as the agency needs to finalize market structure legislation to provide clear rules for both builders and consumers. This nomination comes at a pivotal moment for the regulatory landscape of cryptocurrencies, underscoring the urgency for clear guidelines in this evolving sector. Breaking It Down The broader crypto market is currently exhibiting mixed signals, with varying momentum influencing major assets. Mike Selig’s nomination as CFTC chair is particularly significant as it aligns with ongoing discussions about…

KuCoin, the renowned crypto exchange, has unveiled the Tomorrowland Visa KuCard as a limited-edition product. Tomorrowland Visa KuCard combines Web3-driven payments with a prominent electronic music festival. As per KuCoin’s official X announcement, it is launching the new payment card via KuCoin EU for worldwide music enthusiasts who are going to attend Tomorrowland. Tomorrowland is one of the world’s largest annual electronic dance music (EDM) festivals, held in Belgium. The blend of everyday spending and digital asset use cases underscores KuCoin’s endeavors to make crypto-powered payments widely accessible. Carrying the future of Web3 payments in your pocket. 💳 Meet the…

Stablecoin issuer Circle (CRCL) has acquired nearly 1,000 issued blockchain-anchored patents from IBM, a deal the firm said makes it the largest holder of blockchain patents in the United States. The portfolio spans more than 680 patent families covering blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply-chain verification and cloud security, according to a press release. The deal’s financial terms weren’t disclosed. IBM was already among the largest U.S. blockchain patent holders before the sale. A December 2025 analysis by patent analytics firm PatSnap credited it with 790 patents, alongside Advanced New Technologies and Bank of America. Circle said…

“Call spreads remain attractive for anyone wanting recovery exposure into the post-quarterly reset. And now look even better on a relative-vol basis, since call spread longs are buying the cheaper wing of a skew that is leaning the other way,” he said. There are a number of factors that might drive volatility higher in the near term. Friday’s options expiry, for example, which Péquignot described as “traditionally one of the most significant liquidity events on the annual calendar.” Moreover, ahead of the expiry, options traders who bought puts, or downside bets, in recent months are sitting in profit. That is,…

Fireblocks has announced that a staggering $33 trillion in stablecoins were moved last year, with the UAE emerging as a central player in this trend. The organization’s focus on stablecoin movement underscores the growing institutional adoption of digital currencies. This announcement highlights the UAE’s readiness to lead in stablecoin adoption, as detailed in Fireblocks’ official tweet. The Latest The broader cryptocurrency market has been displaying mixed signals recently, with various assets showing differing momentum. Fireblocks’ announcement emphasizes the substantial movement of stablecoins, specifically highlighting the UAE’s proactive stance. The UAE banks are not merely experimenting with stablecoins; they are fully…

Hyperion DeFi (NASDAQ: HYPD), the first U.S. publicly listed Hyperliquid treasury company, is winding down two of its largest $HYPE token deployment agreements in the wake of stablecoin USDH’s announced sunset, according to an 8-K filed after market close on Friday. On Friday, the Dallas-based company agreed with Felix Foundation, a lending protocol on Hyperliquid, to wind down a $HYPE Asset Use Service (HAUS) agreement supporting Felix’s HIP-3 perpetual futures markets. Hyperion will unstake the 500,000 $HYPE backing the deal on June 22, with all remaining payments and tokens returned by June 29. Felix signaled on May 14, the same…

As lawmakers in the US Senate are likely to vote soon on the Digital Asset Market Clarity (CLARITY) Act, representatives from advocacy organizations and companies are providing details of closed-door negotiations over the bill, which is expected to be the most comprehensive piece of legislation affecting the crypto industry. In a Monday CNBC interview, Coinbase vice chair Ryan VanGrack said while the final negotiations over text of the CLARITY Act were taking place in the Senate, Democratic lawmakers had added additional protections for customers to give what he called “more teeth” to the legislation. He did not explicitly mention any…