Author: NBTC

Key takeaways: Surging spot Bitcoin ETF outflows and a put-heavy options expiry point to fading institutional demand. Risk-reward shifts toward tech stocks, leaving crypto traders to seek catalysts beyond macroeconomic tailwinds. Bitcoin ($BTC) traded down 9% in three days, hitting its lowest level since September 2024. The $58,000 retest triggered over $1 billion in liquidations across bullish $BTC leveraged positions. Despite a modest recovery to $59,500, Bitcoin traders remain uneasy as the S&P 500 index and gold prices fully erased their intraday losses. Bitcoin/USD (orange) vs. gold/USD & Nasdaq 100 futures (green). Source: TradingView The market downturn on Thursday lined…

An address associated with the venture capital firm a16z withdrew a total of 25,560 $ETH from the centralized exchange platform Binance. The transfer represents an estimated value of $42.62 million, executed while the crypto asset was trading near $1,670. The movement was publicly recorded on the blockchain on June 24, 2026, as confirmed by on-chain data trackers. A digital address linked to the American investment firm Andreessen Horowitz, known in the sector as a16z crypto, withdrew a total of 25,560 units of $ETH from Binance to an external wallet this Wednesday, June 24, 2026. The financial action took place amid…

Invesco’s move is another sign of asset managers increasingly chasing a new business opportunity created by stablecoins. These cryptocurrencies are designed to maintain a fixed value, typically tied to one U.S. dollar, and are backed by reserve assets such as cash and short-term Treasuries. As issuance grows, so does demand for firms that can manage those reserves. Citigroup projects the stablecoin market could expand to as much as $4 trillion by 2030, up from roughly $300 billion today, creating a potentially lucrative market for fund managers. BlackRock, State Street and ProShares also filed to launch funds aimed at serving as…

Pi Network is pushing users to join two ecosystem campaigns before Pi2Day 2026 on June 28, while PI continues to trade near recent lows. The Pi Core Team said Pioneers still have time to join the Vibe Coder campaign and test the SLICE Launchpad Testnet token. The update came through the project’s official X account and blog. Pi Network said Pi2Day has often been used for ecosystem updates, feature releases, and community campaigns. This year, the focus is on app creation, Launchpad testing, and user participation rather than a price-related announcement. The Vibe Coder campaign asks Pioneers to introduce AI-assisted…

A Trump White House official is now directly negotiating an ethics compromise on the CLARITY Act with Senate Democrats, the last major sticking point standing between the crypto market structure bill and a Senate floor vote. The development was reported by journalist Pete Rizzo on Tuesday, citing Politico, as the bipartisan group works to resolve a dispute over how the bill would restrict senior government officials, including President Donald Trump, from holding crypto interests. The talks have run through the White House Crypto Council, whose executive director Patrick Witt has been part of the three-party negotiations alongside Senate Republicans and…

EU Crypto Firms Face Final Countdown to MiCA Authorization Deadline Crypto companies operating in the European Economic Area (EEA) face a July 1, 2026, enforcement deadline under the Markets in Crypto-Assets Regulation (MiCA). From that date, platforms offering crypto services without MiCA authorization must stop serving clients across the bloc. European regulators have treated the deadline as final. The European Securities and Markets Authority (ESMA) has confirmed there will be no extension, and firms awaiting approval cannot continue operating under a temporary or “pending” status. “July 1, 2026 is the hard enforcement deadline across the European Economic Area,” Kraken Institutional…

Bitcoin’s ($BTC) drop to $58,000 has pushed the price into a zone that long-term power-law models have historically associated with cycle bottoms. The data does not confirm a bottom range, though it shows $BTC trading in a price range that has repeatedly marked major lows since 2014. Derivatives data and liquidation levels highlight $55,000 as the next key support level and the $65,000-$68,000 range as the next major upside area of interest. Bitcoin power-law puts $58,000 in historical range Giovanni’s Bitcoin power-law model places the network’s long-term trend price near $135,000, making the recent drop to $58,000 roughly 54% below…

As selling pressure continues in the cryptocurrency market, market analysis company 10X Research has published a noteworthy assessment for Ethereum ($ETH). The company stated that the $ETH price is trading at the critical $1,600 support level, and a break below this level could see the next significant support point at $1,200. A post on the X platform emphasized that the $1,200 level stands out as a significant support zone, particularly in the recovery process that began after the FTX exchange crash. Analysts noted that the current technical outlook gives weak signals for Ethereum. According to 10X Research, the $ETH/USDT pair…

American Bitcoin Corp has approved a 1-for-15 reverse stock split after shareholders backed the proposal at the company’s 2026 annual meeting. According to a filing with the U.S. Securities and Exchange Commission, shareholders of American Bitcoin Corp voted on several corporate matters during the annual meeting, after which the company’s board authorized a one-for-15 reverse stock split. The company said the change will take effect as soon as practicable. The SEC filing states that the reverse split will reduce the number of outstanding shares while leaving the total number of authorized shares unchanged. Reverse stock splits are commonly used by…

A new UK climate finance proposal references the $XRP Ledger as a suitable blockchain layer for a proposed investment framework aimed at accelerating renewable energy funding. Dr. Chris Cormack authored the proposal and submitted it to the UK Parliament’s Environmental Audit Committee. The submission forms part of the broader review of HM Treasury’s climate finance strategy. The document introduces a new financial instrument called the Climate Contingent Convertible Note (CloCo), which aims to mobilize private capital and channel it into clean energy and renewable infrastructure projects. XRPL Proposed for Pilot Infrastructure Role While the proposal broadly discusses distributed ledger technology,…