Author: NBTC

The rapid consolidation of the prediction market technology stack is raising the odds of a new wave of mergers and acquisitions across sports betting and financial markets, according to Wall Street broker Bernstein. Over the past eight months, every major consumer-facing prediction platform has moved to own both customer distribution and exchange infrastructure, the report said. “Kalshi and Polymarket own the stack but trail on distribution, which leaves each as plausibly a target as an acquirer,” analysts led by Ian Moore said in the Monday report. The analysts noted that DraftKings acquired Railbird to launch its DKeX exchange, Robinhood partnered…

As the leading cryptocurrency Bitcoin ($BTC) attempts to hold onto support around the $60,000 level, it continues to face a number of adverse factors, including large capital outflows from US spot ETFs, concerns about a potential Fed interest rate hike, a strong dollar, rising Treasury bond yields, and military conflicts in the Middle East. Amid these negative developments, further declines for Bitcoin continue to be predicted, with $50,000 being the most frequently mentioned option. At this point, the analytics firm QCP Capital predicts that Bitcoin could reach $55,000. QCP Capital analysts noted increased demand in the options market for $BTC…

Key takeaways: The Spot Ether ETF outflows overwhelmed BitMine’s $ETH accumulation, raising the chance of a drop below the $1,500 support. Falling DApps revenue and weak staking yields highlight limited ecosystem incentives despite tokenization potential. Ether ($ETH) has failed to sustain prices above $1,600 since Thursday, following the broader cryptocurrency market’s downtrend. Lower oil prices created a positive tone that fueled investors’ hopes for more expansionist monetary policy. That setup favors stocks and pushes bond yields higher. Traders now fear that $ETH will not hold the $1,500 support level for long. Spot Ether ETF outflows void the impact of accumulation…

SK Hynix has become the dominant supplier of those chips, a position that made it South Korea’s most valuable listed company this month, passing Samsung for the first time in 25 years. The two firms together supply most of the world’s HBM and have struck supply deals with Nvidia and OpenAI. Such spending is a headwind for crypto because it is the same capital cycle that has competed with digital assets for investor money all year. Crypto fell through much of the month, even on days when AI chip stocks rebounded – the divergence suggestive of how investors view the…

The value of the $ANSEM token holdings belonging to its founder, prominent crypto influencer Ansem, has surged past $71 million, according to data from blockchain analytics firm Lookonchain. The milestone was reached as the token’s price experienced a significant rally, drawing attention to the influence of high-profile individuals in the cryptocurrency market. Lookonchain Data Reveals Large Holdings Lookonchain reported on Tuesday that a wallet associated with Ansem holds approximately 604 million $ANSEM tokens. Based on current market pricing, this position is now valued at over $71 million. The firm’s on-chain analysis tracks publicly visible wallet addresses, providing transparency into the…

Sen. Elizabeth Warren (D-Mass.) expressed concerns on Sunday over the potential misuse of cryptocurrencies by America’s adversaries. Warren Says Crypto Legislation Will Make The Problem Worse Warren cited a Wall Street Journal report on X detailing how Iran-affiliated entities moved billions in transactions through CoinEx, a cryptocurrency exchange that . “More evidence that our adversaries exploit crypto to move billions,” the senior lawmaker said. Warren argued that the cryptocurrency legislation, i.e., the, would make the problem “worse” by creating new loopholes and urged Congress to strengthen the bill before passage. CoinEx Serving As A Conduit? The WSJ report noted that…

The immediate impact will fall on customers whose exchanges are withdrawing services, Fazel told CoinDesk Several exchanges, including Binance, have announced changes to their European services ahead of the July 1 deadline, while others continue seeking MiCA authorization or adjusting their products. “When a platform pulls back, users unfortunately absorb the shock, like a tenant being evicted by its landlord with no notice,” Fazel said. “People shouldn’t keep hunting for a new home. They should pick one built to stay.” “When you’re choosing a new home, the price is one thing.”But we need to look at the identity match, the…

Empery Digital commits $65M for a 25% stake in a Midwest AI data center project targeting up to 300 MW capacity. The firm continues reducing exposure to its Bitcoin treasury after sales and shareholder pressure, holding 2,914 $BTC. It is also phasing out its Bitcoin dashboard as it reallocates capital toward AI infrastructure and compute demand. Empery Digital has agreed to invest $65 million in a Midwest data center project focused on artificial intelligence workloads, signaling a shift in capital allocation after volatility in its Bitcoin treasury performance. Originally rebranded from Volcon Inc in 2025, Empery Digital expanded its Bitcoin…

The leading cryptocurrency, Bitcoin, recorded a weekly candlestick below its critical 200-week moving average (WMA) for the first time since October 2023. According to market experts, the 200-week moving average is historically considered the ultimate “line” separating bull and bear markets. Therefore, when Bitcoin falls below this level, it is accepted that there will be a change in the long-term trend, and it is predicted that this break could determine Bitcoin’s next price movement. Furthermore, Bitcoin also recorded its worst monthly close since June 2022. Despite Bitcoin falling by approximately 20% in June (its worst monthly performance since June 2022),…

The $ETH/$BTC ratio prices Ethereum in Bitcoin instead of dollars, stripping out the market-wide move so you can see which of the two is actually winning. Here is what the ratio measures, how to read it, what drives it, and why it has fallen to multi-year lows. Table of Contents What the ratio actually measures Why traders watch it How to read a rising or falling ratio A worked example Where the ratio has been, and where it is now What drives the ratio up and down How to use the ratio without overreading it Frequently Asked Questions The $ETH/$BTC…