Author: NBTC

A Capital Group-managed fund has deepened its position in Strive, a company that holds Bitcoin as a treasury asset, with a fresh purchase of shares worth approximately $5.5 million. The transaction, disclosed via a post on X from bitcointreasuries.net, highlights continued institutional interest in companies that adopt Bitcoin as a primary reserve asset. Details of the Additional Purchase SMALLCAP World Fund, a Capital Group fund with $3.3 trillion in assets under management, bought an additional 481,772 shares of Strive (ASST). The purchase, valued at roughly $5.52 million, brings the fund’s total holdings in the company to 2.93 million shares. At…

According to CoinGecko data, interest in the cryptocurrency market has shifted in recent hours, and the most searched digital assets on the platform have also been revealed. The list of altcoins that cryptocurrency followers have searched for the most in recent hours contains some interesting details. Pudgy Penguins ($PENGU), associated with the NFT ecosystem, topped the list, followed by market leader Bitcoin ($BTC) and $LAB ($LAB). $LAB recently faced various accusations from ZachXBT. Related News Glassnode Shares Its Latest Forecast for a Bitcoin Recovery: “It Could Touch These Levels and Bottom Out” According to CoinGecko data, the most searched cryptocurrencies…

South Korea’s government is set to hold its first official forum on stablecoin legislation today, marking a formal step toward regulating the digital asset sector. The forum, chaired by Deputy Prime Minister for Economic Affairs Koo Yun-cheol, will kick off legislative discussions on the second phase of the Digital Asset Basic Act, which specifically targets stablecoins, according to a report by Edaily. Government-Led Initiative for Stablecoin Rules The forum is described as the first government-hosted and government-organized event focused solely on stablecoin regulation. Deputy Prime Minister Koo’s direct involvement signals the high priority the administration places on establishing a legal…

@Pumpfun makes money by taking a cut of every trade on its platform. Every buy and every sell runs through a fee, and the platform keeps the largest slice for itself, whether a token runs or dies within the hour. Launching a token costs nothing beyond tiny network fees, and that is the whole point. Free creation drives enormous volume, and volume is where the money is. It is closer to a casino floor than a startup: the house does not need any single bet to win, it just needs people to keep playing. That model has now generated nearly…

A strengthening US dollar could put further pressure on Bitcoin, which is already suffering from major institutional selling pressure amid geopolitical uncertainty and increasing inflation. “The bear market was confirmed almost exactly when the DXY found its bottom,” said Swissblock analysis on Monday. “At first, the dollar decline looked supportive for $BTC. But the reversal changed everything.” DXY is the dollar index, a measure of greenback strength against a basket of currencies. Strengthening Dollar Bad For Crypto Once DXY started climbing again, liquidity tightened, selling pressure intensified, the Risk Index surged, and Bitcoin’s structure deteriorated, according to Swissblock. The dollar…

Alpaca says it custodies more than $1.5 billion of shares backing tokenized equities, which, by public tracker measurements, would represent most of the market. With DTCC preparing to launch its own tokenization service in October and the SEC warning that third-party stock tokens can expose investors to additional ownership and intermediary risks, the numbers reveal a concentrated brokerage layer beneath a market promoted as decentralized. Tokenization is the practice of representing a real-world asset as a digital token on a blockchain, so that owning the token stands in for owning, or at least tracking, the thing itself. Applied to equities,…

A prominent question within the $XRP community regarding the depletion of Ripple’s massive escrow accounts recently caught the attention of none other than Ripple veteran David Schwartz. A community member recently asked Schwartz to compare the end of Ripple’s monthly escrow unlocks to the mining of the final Bitcoin. An unclear timeline Ripple’s escrow might completely run out around the year 2035, as the user has speculated. This would cap the circulating supply just as the final mined $BTC would. The Ripple veteran explained that pinpointing an exact year is practically impossible, given that Ripple’s operational needs might change over…

CLARITY Act Faces a Decisive Senate Week The CLARITY Act has entered a critical week as the Senate approaches its August recess without updated legislative text or a scheduled floor vote. Negotiations could still produce an agreement, but the compressed calendar leaves little room for unresolved language issues, procedural delays, or shifting political priorities. Stand With Crypto (SWC), a grassroots advocacy organization backed by Coinbase that mobilizes cryptocurrency supporters to influence public policy, said the CLARITY Act has entered a decisive stage, with only 18 Senate days remaining before the August recess. The group is urging lawmakers to stay in…

Decentralized perpetuals exchange Lighter has made Robinhood Stock Tokens eligible as trading collateral on Robinhood Chain, letting users post tokenized equities such as NVDA, GOOG and AAPL as margin for perpetual futures. The move expands Lighter’s accepted collateral beyond the USDG stablecoin, which had served as both the collateral and quote asset since Robinhood Chain’s mainnet launch on July 1. It follows Lighter’s earlier stated plan to add assets including tokenized gold, bitcoin and stocks as collateral during the third quarter, and builds on its shift to unified collateral across spot and futures trading. Robinhood Stock Tokens Robinhood Stock Tokens…

Strategy is raising funds through equity sales and using that to add more Bitcoin [$BTC] to its arsenal! As it stands, sentiment is weak, so investors are not fully back in profit-taking mode. Hence, the timing here is very peculiar. Strategy sells… and buys too! Between 15 and 21 June, Strategy sold 2.71 million MSTR shares through its at-the-market program. They raised $335.5 million in net proceeds. The company then used part of that capital to buy 520 $BTC for $34.9 million, at an average price of $67,068 per Bitcoin. Source: Strategy As of 21 June, the company held 847,363…