Author: NBTC

SpaceX closed its first trading day at $161 a share, up more than 19%, and Elon Musk became the world’s first trillionaire. While markets celebrated, Bloomberg senior commodity strategist Mike McGlone delivered a cold-water take on what Thursday’s historic listing actually means for crypto, equities and the broader capital markets. A Structural Shift, Not a Temporary Rotation The question most crypto investors are asking is whether the capital leaving digital assets for SpaceX and AI stocks will come back. “Structural change,” he said. “Cryptos have unlimited supply of millions of coins worth billions and tracking nothing. That is being purged…

New data on the revenue performance of projects in the cryptocurrency market has revealed that stablecoin issuers and blockchain networks, in particular, stand out in revenue generation. According to data from the last 30 days, the projects generating the highest revenue across the sector and their revenue trends present a remarkable picture. At the top of the list was stablecoin issuer Tether ($USDT). Revenue generated from the use of its reserves reached $459 million in the 30-day period, with no significant change observed in revenue. It was followed by Tron ($TRX), which stands out with its robust transaction fee model.…

The U.S. Commodity Futures Trading Commission (CFTC) has issued a no-action letter that allows certain expiring cryptocurrency futures products to be converted into perpetual futures, marking a significant regulatory shift for digital asset derivatives. The Division of Market Oversight released the letter on June 12, extending previous regulatory clarifications to cover the conversion process for products tied to cryptocurrencies with deep and active spot markets, such as Bitcoin. What the No-Action Letter Permits Under the new guidance, futures contracts with fixed expiration dates can be restructured into perpetual futures by removing their expiry provisions, provided they meet specific requirements. Perpetual…

Crypto platform Blockchain.com has added 173 tokenized stocks and exchange-traded funds through a partnership with Ondo Finance, bringing its catalog of tokenized traditional assets to more than 430 offerings across Ethereum, Solana and BNB Chain. According to an announcement on Wednesday, the new listings include tokenized exposure to private company shares, active exchange-traded funds, Treasury products and covered-call strategies, with Blockchain.com highlighting SpaceX’s SPCX token among the additions. The expansion also adds themed baskets tied to AI infrastructure, energy, robotics, autonomous vehicles and quantum computing, alongside income-focused products from Global X and other issuers. A recent proposal by the US…

In brief Bitcoin’s current bear market drawdown of around 36% from its ATH is shallower than historical cycles, which saw 40–50% declines. ETF inflows and corporate treasury accumulation have introduced structural demand that analysts say is reshaping how Bitcoin cycles play out. One analyst noted that similar conditions—above True Market Mean and STH cost basis—preceded bear market resumptions in 2014, 2018, and 2022. Bitcoin’s recovery over the past few weeks has led to shallower losses than any previous bear market on record, leading analysts to believe that the cycle may have permanently changed—though not all are convinced the old playbook…

Ethereum reached record H1 activity with 3.6 million daily transfers and about 600,000 daily active wallets, despite weak $ETH trading. Token Terminal estimated $316.2 billion locked across Ethereum apps and vaults, up more than 22% in the past quarter. RWA tokenization led growth with 1,058 assets, 199,156 holders, and transactions up over 30%, while $ETH open interest and whale activity weakened during the same H1 reporting period. Ethereum’s network activity has reached record territory in the first half of 2026, creating an awkward split between blockchain usage and $ETH’s weak market performance. Trading has slowed and the token has remained…

In brief An anonymous Polymarket trader put $1 million on Spain to beat Cape Verde in their Group H opener on June 15, 2026. Spain and Cape Verde drew 0-0, resulting in the trader losing everything. Polymarket user “Fishalive” bet against Spain at just 9¢ a share, netting a $4.3 million profit. Press F to pay respects. Someone put $1 million on Spain to win a football match against a team making its World Cup debut. The market on Polymarket priced the draw at 6.6 cents. The logic was airtight. The outcome was not. 🚨BREAKING: Someone just put $1M on…

PUSD, a Shariah-compliant stablecoin backed by Gulf currencies, is set to deploy on ADI Chain, a Layer 2 network focused on institutional settlement in the Middle East. According to an announcement shared with Cointelegraph, the stablecoin has about $2.3 billion in circulation and is backed 1:1 by reserves held in Saudi riyals and UAE dirhams, which are pegged to the US dollar. It is already available on multiple blockchains, including Ethereum, BNB Chain, Solana and Tron, with ADI Chain marking its latest integration. The stablecoin is positioned to provide access to Islamic finance markets, which represent more than $3 trillion…

The agency that spent the better part of a decade defining crypto policy through enforcement has published a five-year plan describing blockchain as a technology with “the potential to revolutionize America’s financial infrastructure.” The SEC’s draft Strategic Plan for fiscal years 2026 through 2030 dedicates a standalone objective to digital assets and blockchain technology, placing the category alongside investor protection, capital formation, and agency modernization. In the plan, the agency laid out its plan to build a regulatory foundation for the sector through a “rational, coherent, and principled approach.” Two days later, Jamie Selway, director of the SEC’s Division of…

In brief SpaceX’s stock surge following last week’s IPO could benefit FTX creditors, as the defunct crypto exchange took a stake before its collapse. Some anticipate that SpaceX’s climb beyond $2.5 trillion in market cap could ultimately benefit Bankman-Fried’s victims via larger-than-expected payouts. The judge who oversaw Bankman-Fried’s criminal trial once compared the former crypto mogul’s investments to “a thief who takes his loot to Las Vegas.” Some customers harmed by the collapse of crypto exchange FTX under co-founder and former CEO Sam Bankman-Fried are keeping a close eye on SpaceX’s post-IPO performance. As Elon Musk’s rocket-maker has soared far…