Author: NBTC

Bitcoin most recently experienced a nearly 20% drop in June, closing below its 200-week moving average for the first time since 2022. With $BTC falling below $58,000 in the recent decline, investors have pinned their hopes for a rise on the coming days and months. At this point, investors are wondering how Bitcoin will perform in July. Does Bitcoin like July? How has it performed in previous Julys? Let’s look at the answers to these questions. How Did Bitcoin Perform in Previous July Months? When we look at Bitcoin’s performance over the years and months, we notice that certain months…

Edel said it detected and contained the exploit, then paused all of its version-one contracts, which remain frozen, and warned users not to interact with them. The team added it had traced the attacker’s transactions and is coordinating with exchanges, and that it has offered the attacker a whitehat settlement, a deal that lets a hacker return most of the funds in exchange for a fee and no legal pursuit, within a set window. No depositor will take a loss, Edel noted, with the team absorbing the bad debt and restoring balances one for one. It is deploying a version…

Ethena said its yield-generating “synthetic dollar” token will be integrated into BlackRock’s (BLK) Aladdin investment management platform as the crypto protocol is deepening its relationship with traditional finance firms. The Monday announcement sent Ethena’s governance token $ENA ($ENA) up about 8% on the day as investors welcomed another high-profile institutional partnership. Aladdin is BlackRock’s portfolio construction, trading and risk management platform used by banks, insurers, pension funds and asset managers overseeing more than $20 trillion in combined assets. The integration will give institutions using Aladdin access to $USDe, Ethena’s yield token designed for onchain savings and settlement. Ethena also said…

A Solana ($SOL) meme coin named after crypto celebrity Ansem rallied 18,000% in just 3 days to reach a $125 million market capitalization. During this time, the general cryptocurrency markets were experiencing extreme fear. High levels of speculative capital continue to follow small amounts of available liquidity, even though overall cryptocurrency market capitalizations are decreasing as measured by market-capitalization-weighted indices. According to on-chain analyst Ai Yi (@ai_9684xtpa), there were 12 wallet addresses each purchasing more than $100,000 worth of $ANSEM in the past 24 hours, totaling $1.985 million. The purchases pushed the total market capitalization of $ANSEM above $100 million…

The U.S. crypto industry may have to wait a little longer for regulatory clarity as Congress officially heads into its July 4 recess. Both the House and Senate are out until July 13. However, according to Eleanor Terrett, negotiations around the Clarity Act are expected to continue behind closed doors during the break. Here are the latest CLARITY Act Updates as discussions move forward during Congress’s recess. With lawmakers running out of time, July is increasingly being viewed as the make-or-break month for the bill. Senate Republicans Push for Faster Action Terrett reported that Senate Republicans are feeling a growing…

Cryptocurrency exchange Bybit has announced that, as part of its regulatory compliance process in the European Economic Area (EEA), it will gradually restrict access to some of the services offered on its global platform for users in the region. The company stated that affected users would be notified in advance before the restrictions go into effect and that users would be able to maintain access to the assets held in their custody accounts. Bybit announced that timelines for managing current and new positions for users residing in the EEA will be shared in advance. The company emphasized that users will…

The likelihood of Bitcoin entering a new strong bull cycle may depend on the capital inflow that institutional investors provide to the market. Ki Young Ju, CEO of on-chain data analytics company CryptoQuant, stated that Bitcoin could experience another parabolic bull market, but with different dynamics compared to past cycles. Ki Young Ju, posting on the social media platform X, stated that Bitcoin’s return on capital has significantly decreased over the years as it has grown. According to his example, approximately $2.7 billion in capital injected into the market in 2011 resulted in an extraordinary 55,436% increase in Bitcoin’s price.…

Investment bank Standard Chartered has initiated coverage of Morpho, calling the lending protocol a dual-play on decentralized finance (DeFi) that combines a lending market with infrastructure for onchain banks and asset managers. The bank has a $60 price target for $MORPHO by the end of 2030, implying roughly 33x upside from its current price. This would see the token outperform both bitcoin BTC$60,180.98 and ether (ETH) over the same period. $MORPHO was more than 13% higher over 24 hours, trading around $2.13 at publication time. “Given its status as one of the largest DeFi lending protocols and its comfortable financial…

US-based investment bank Citigroup (Citi) has significantly revised its 12-month price forecasts for Bitcoin and Ethereum downwards, citing ongoing capital outflows from spot cryptocurrency exchange-traded funds (ETFs) and a deterioration in the market outlook. The bank noted that decreased investor risk appetite and uncertainties surrounding cryptocurrency regulations in the US are increasing pressure on the market. According to Reuters, Citi has lowered its 12-month target price for Bitcoin from $112,000 to $82,000. Similarly, it reduced its forecast for Ethereum from $3,175 to $2,240. Thus, the bank has adopted a more cautious outlook for both major crypto assets compared to its…

The protocol has two parts. A Single Asset Vault pools a single asset, and the lending layer turns that pooled money into loans with set terms. Both are still proposals, defined in technical drafts known as XLS-65 and XLS-66, and remain subject to approval by the validators who run the network. The features are available to test on a development network but are not live. The use Ripple leads with is short-term financing. A payment company holding reserves in $RLUSD, its US dollar-pegged stablecoin, might need cash to fund outgoing payments before a cross-border settlement clears two days later. Instead…