Author: NBTC

Despite Shiba Inu’s recent price weakness, investors have resumed accumulating the token, withdrawing more than 300 billion $SHIB from exchanges over the past 24 hours. Notably, Shiba Inu’s exchange reserve have retreated from recent highs, signaling renewed accumulation activity. The metric, which tracks the amount of $SHIB held in exchange wallets, fell from approximately 80.5 trillion tokens to 80.37 trillion in less than 48 hours. Recent Exchange Inflows Interrupted a Multi-Week Trend Before this week’s developments, Shiba Inu’s exchange reserves had been declining steadily for several weeks and had even fallen below the 80 trillion $SHIB mark. However, the trend…

Europe’s largest tokenized money market fund just landed on Solana, and it is bringing institutional-grade cash management to one of crypto’s most active blockchains. Spiko, a European fintech licensed and supervised by French financial regulators, has gone live on Solana with its SAFO fund. SAFO, which stands for Spiko Amundi Overnight Swap Fund, is a UCITS-compliant money market fund managed by Amundi, Europe’s largest asset manager, and regulated under French law. Spiko is also the first European real-world asset issuer to launch on Solana. What SAFO actually is A money market fund is one of the safest investment vehicles in…

Bitcoin Metric Drops to Levels Last Seen Near Market Bottoms Market data shows bitcoin investors are increasingly realizing losses, with a key on-chain indicator flashing a capitulation signal for the first time during the current correction. On June 29, Cryptoquant contributor Darkfost shared analysis on X that the UTXO Block Profit/Loss Count Ratio has fallen into a range historically associated with bear-market conditions. The model measures the balance between bitcoin transactions completed in profit and those completed at a loss by analyzing UTXOs, the transaction outputs that record coin ownership and cost basis on the Bitcoin blockchain. The analysis states…

Financial infrastructure provider OpenPayd said Wednesday that it has secured authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA), allowing it to offer crypto services across the European Economic Area (EEA) via passporting. The license lets OpenPayd operate as a crypto asset service provider (CASP) to offer services such as fiat-to-stablecoin on-ramping and off-ramping, the company said in a statement seen by Cointelegraph. “Stablecoins are rapidly becoming part of mainstream financial infrastructure,” OpenPayd CEO Iana Dimitrova said, adding that MiCA gives businesses greater confidence to use digital asset technology for payments, treasury operations and growth. The approval comes days…

In an interaction on X, RippleX software engineer Mayukha Vadari offers fresh context on why the much-awaited $XRP lending protocol seems to be experiencing a delay. The XRPL Lending Protocol is built on two complementary components: the Single Asset Vault and the lending protocol, which are defined in XLS-65 and XLS-66, respectively, and remain subject to validator approval. In an X discussion that touched on onchain finance on the $XRP Ledger, Grape, an XRPL validator, pointed out slow progress on the XLS-65 and XLS-66 amendments, which he said “still seem to be on the naughty list with the dUNLs.” “Votes…

Coinbase Chief Legal Officer Paul Grewal has publicly commended a legal brief filed by former U.S. Acting Deputy Attorney General Elizabeth Prelogar in support of Kalshi, a regulated prediction market platform. Grewal described the amicus brief as a ‘masterpiece,’ emphasizing its detailed historical analysis of how the Commodity Futures Trading Commission (CFTC) obtained exclusive regulatory authority over prediction markets in the United States. Background of the Amicus Brief Prelogar, who served as Acting Deputy Attorney General during the Biden administration, submitted the brief in a legal proceeding involving Kalshi. The brief argues that state-level laws are ill-suited to regulate prediction…

A Shift in Web3 Privacy Infrastructure Blockchain privacy firm Fhenix announced July 2 the acquisition of Sunscreen, an early-stage developer of fully homomorphic encryption (FHE), technology for Web3 applications. As part of the transaction, Sunscreen founder Ravital Solomon will join Fhenix to lead the company’s cryptographic research operations. The acquisition combines the two firms’ respective focus areas in advanced cryptography, including TFHE and BFV encryption schemes, encrypted computation, and post-quantum security. The consolidation comes amid a broader push within the cryptocurrency industry to establish encrypted computation as standard infrastructure. As institutional capital, tokenized real-world assets, stablecoins and artificial intelligence systems…

Some rule changes barely make a sound… until your money is already inside the system. The Nasdaq-100, the index that tracks the 100 largest non-financial companies listed on Nasdaq, created a fast-track path for massive newly public companies to enter the index if they rank among the 40 largest by market capitalization: evaluation on the seventh trading day and possible inclusion after just 15 days. This is not a technical detail. It is a highway for passive money to rush in before the market has fully discovered the company’s real price. They did not call it “permission to buy loss-making…

Aster, a decentralized exchange on BNB Chain, completed the first token burn under its upgraded tokenomics, the team said in a post on X. The protocol said 99% of daily fees generated since June 17 have been used to buy back about 2,9 million $ASTER for the stakers as of June 29, with a matching amount burned from the team allocation. The first burn under the upgraded tokenomics is executed and verifiable on-chain. Since 2026-06-17, 99% of daily fees have bought back 2,937,125.53 $ASTER for stakers (as of 2026-06-29 00:00 UTC). A matching 2,937,125.53 $ASTER has been burned from team…

India’s Parliamentary Standing Committee on Finance will meet officials from the Reserve Bank of India (RBI) on July 2 to discuss the country’s approach to cryptocurrency regulation. The meeting in New Delhi will focus on virtual digital assets (VDAs), possible regulatory changes, and crypto taxation as policymakers continue reviewing how digital assets should fit within India’s financial system. The discussions could help shape future policy, even as India maintains a cautious approach toward the sector. Bitinning founder Kashif Raza said India’s Parliamentary Finance Committee will meet the Reserve Bank of India (RBI) on July 2 to discuss cryptocurrency regulation. The…