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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Regulation

US gold reserves value tops $1T — so why are allies fleeing the dollar?

By NBTC

The U.S. gold reserves value sits above $1 trillion at current market prices — and yet, according to Treasury Secretary Scott Bessent, that stockpile has almost nothing to do with what makes the dollar worth anything. That tension, between the world’s largest gold hoard and a currency that no longer depends on it, sits at the center of a quietly escalating debate about the dollar’s future. Key takeaways Treasury Secretary Scott Bessent confirmed all U.S. gold is “present and accounted for” at Fort Knox, with reserves totaling about 147.3 million ounces, worth approximately $608 billion according to the U.S. Mint,…

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Altcoins

Hex Trust-linked address acquires $42 million in Humanity (H) tokens amid vesting adjustments

By NBTC

A blockchain address linked to digital asset custodian Hex Trust has purchased 72.23 million Humanity (H) tokens, valued at approximately $42.02 million, within the past four hours, according to on-chain analyst ai_9684xtpa. The transaction represents 2.55% of the token’s circulating supply, drawing attention to the ongoing strategic moves by early investors in the Humanity project. Context of the large purchase The acquisition comes months after the Humanity Foundation revised its vesting schedule for early investors. In April, the foundation offered investors a choice: postpone their token unlock dates or reduce their allocation by 70% in exchange for a lump-sum payment…

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Bitcoin

Has Bitcoin found a price bottom? – Historic signal hints at BTC’s rebound

By NBTC

Bitcoin [$BTC] may have found a bottom after liquidity outflows that began in October 2025 wiped $1.04 trillion from the market at presstime. The latest readings suggest the asset could be forming that bottom, with a rally possible off the structural base built over the past day. CVDD signals a value floor Cumulative Value Days Destroyed (CVDD) weighs destroyed coin days across $BTC‘s history against the current market value. The metric estimates Bitcoin’s fair-value floor by accounting for the behavior of long-term holders. At the time of writing, CryptoQuant data showed Bitcoin’s CVDD had dipped into an extremely low region,…

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Regulation

Citigroup Slashes Coinbase Price Target by 41% — What It Means for COIN Investors

By NBTC

Citigroup has significantly reduced its price target for Coinbase Global Inc. (COIN), lowering it to $235 per share from $400, according to a note published Wednesday. The 41% cut reflects growing concerns over regulatory headwinds, declining trading volumes, and a challenging macroeconomic environment for cryptocurrency exchanges. Citigroup’s Revised Outlook on Coinbase The revised price target, while still implying upside from Coinbase’s current trading levels near $180, signals a more cautious stance from one of Wall Street’s major institutional brokers. Citigroup analysts cited several factors behind the downgrade, including heightened scrutiny from the U.S. Securities and Exchange Commission (SEC) and a…

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Altcoins

Pi Upgrades To Protocol 24, But Price Crashes 4%

By NBTC

Pi Network has completed its Protocol 24 upgrade, marking what the Pi Core Team described as one of the network’s most challenging migrations to date. The team congratulated node operators for helping complete the transition and confirmed that the next major upgrade, Protocol 25, is scheduled for June 18. While the upgrade represents an important technical milestone, Pi’s price continues to move in the opposite direction. Technical Breakdown Signals More Weakness According to one crypto analyst, Pi recently broke below the lower trendline of a symmetrical triangle pattern, a development that typically points to bearish continuation. The pattern had reflected…

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Legal

ESMA Adds 14 New CASPs to MiCA Register as Licensing Slows

By NBTC

European authorities added 14 crypto companies to the Markets in Crypto-Assets (MiCA) framework register in the second post-deadline update, signaling a slower licensing pace after an initial surge. The European Securities and Markets Authority (ESMA) updated its interim MiCA register on Thursday, bringing the total number of licensed crypto-asset service providers (CASPs) to 294. The new entries include Ripple Payments Europe, the European payments arm of blockchain company Ripple, as well as Portugal-based Bison Bank and Croatia’s state-owned bank, Hrvatska poštanska banka (HPB). The update follows ESMA’s previous register expansion on July 3, when the regulator added 37 CASPs in…

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Bitcoin

From 130K to 846,842 BTC – How Saylor shaped Strategy’s Bitcoin bet

By NBTC

Strategy’s Michael Saylor recently took a trip down memory lane in a post on X to show how far his company has come since the 2022 crypto bear market. For background, the company owned approximately 130,000 Bitcoin [$BTC], which was worth approximately $2.6 billion in October 2022, when the price of the cryptocurrency was around $20,000. Meanwhile, on a split-adjusted basis, its stock, $MSTR, was trading close to $24. What happened when $BTC dropped from $20k to $16k? The market value of Strategy’s cash reserves and Bitcoin holdings briefly dropped below its debt obligations by roughly $300 million as Bitcoin…

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Regulation

Galaxy Digital targets $3.5B junk bond sale to expand Texas AI data center

By NBTC

Galaxy Digital has launched a planned $3.5 billion high-yield bond sale to help finance the expansion of its Helios data center campus in West Texas. According to a Bloomberg report, the digital assets and AI infrastructure company intends to use the proceeds from its first junk bond offering to finance part of the Helios Data Center Campus in Dickens County, Texas, while also funding debt service reserves tied to the project. The planned issuance adds Galaxy to a growing list of infrastructure developers using the U.S. high-yield debt market to fund large artificial intelligence projects. Bloomberg data shows developers have…

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Altcoins

XRPL Foundation Exec Teases XRP Native Privacy Amid Zcash Crisis

By NBTC

XRPL Foundation community lead Vet seized the market initiative by presenting a teaser for amendment XLS-0096, which brings native privacy to the $XRP Ledger. The teaser came against the backdrop of a massive collapse in the privacy-centered network Zcash, triggered by the discovery of a critical bug in the Orchard pool, which had existed unnoticed since May 2022. After the news broke, the price of $ZEC plunged 46% in just one day as the risk of hidden inflation triggered a full capitulation by major investors, including Arthur Hayes, who completely liquidated his $ZEC position. How $XRP's latest amendment could solve…

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Legal

Taiwan court sentences BitShine founder to 22 years in $39M crypto fraud

By NBTC

Taiwan has sentenced the alleged mastermind behind the BitShine crypto exchange to 22 years in prison after finding he led a fraud and money laundering operation that prosecutors said caused more than NT$1.27 billion ($39 million) in losses to over 1,500 victims. Taiwan’s semi-official Central News Agency (CNA) reported that the Shilin District Court convicted the defendant, identified by the surname Shih, of illegally operating virtual asset services while orchestrating fraud and money laundering through the BitShine platform. Court findings said Shih led a criminal organization that used BitShine, a crypto exchange previously registered with Taiwan’s Financial Supervisory Commission (FSC),…

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