Author: NBTC

Telegram CEO Pavel Durov has confirmed that the messaging platform will roll out its largest-ever non-custodial cryptocurrency wallet within the Telegram ecosystem this summer. The integration is expected to allow more than 1 billion active users to send cryptocurrency instantly and without transaction fees, marking a significant step in the platform’s expansion into decentralized finance. What the Announcement Means Durov’s statement, shared via his official Telegram channel, positions the upcoming wallet as a non-custodial solution, meaning users will retain full control over their private keys and funds. This approach contrasts with custodial wallets, where a third party holds the keys.…

Bitcoin’s $BTC$62,436.82 fall below $60,000 on June 5, its lowest level since late 2024, reflects a convergence of macroeconomic and structural pressures, according to Deutsche Bank (DB), which said $BTC is increasingly trading like an institutional risk asset rather than a retail-driven speculative bet. The investment bank said bitcoin’s renewed sell-off was driven by a hawkish shift in Federal Reserve expectations, sustained outflows from U.S. spot bitcoin exchange-traded funds (ETFs), a confidence shock following Strategy’s (MSTR) first $BTC sale since 2022, and a broader rotation of investor capital into artificial intelligence. “Bitcoin is not disappearing; it is maturing into an…

Optimism recently met with the Ethereum Foundation and key financial leaders from Korea in Seoul, aiming to strengthen relationships ahead of the upcoming Ethereum flagship conference in September. This closed-door meeting, hosted by @ethereumkoreaio, involved discussions with securities firms and card companies, highlighting Ethereum’s growing influence in the region. More details can be found in Optimism’s announcement on their Twitter account. The Story So Far In a significant development for the Ethereum ecosystem, Optimism engaged in discussions with influential leaders from Korea’s financial sector and the Ethereum Foundation. This meeting underscores Ethereum’s expanding role in global financial policy discussions, especially…

The S&P 500 hit another record on Tuesday, reaching 7,539.8 during the session and putting the index on pace for a nine-week winning run, its first since 2023. Tech did most of the heavy lifting because, of course, Wall Street went right back to worshiping chips after the long weekend. The Nasdaq Composite also reached a new intraday record, while the Dow Jones Industrial Average went the other way. The S&P 500 was up 0.5%, the Nasdaq added 0.9%, and the Dow fell 216 points, or 0.4%. U.S. markets were shut on Monday for Memorial Day. The Iran story stayed…

The $XRP Ledger (XRPL) is seeing a sharp increase in stablecoin liquidity. On-chain stablecoin supply has surged more than 22% over the past week, according to data from DefiLlama. Community figure Xaif highlighted the data on x, showing XRPL’s stablecoin supply on XRPL has climbed to about $762 million. This makes it the 15th-largest blockchain by stablecoin supply. He said the growth suggests more liquidity is moving into the $XRP Ledger ecosystem. According to the data, stablecoin supply on XRPL increased by roughly $142 million in just seven days. The jump pushed the total on-chain stablecoin value of XRPL above…

Significant progress is being made in negotiations regarding the Clarity Act, which aims to regulate the cryptocurrency market in the US. According to cryptocurrency reporter Eleanor Terrett, discussions are ongoing in Congress between Republican and Democratic senators on ethical guidelines and decentralized finance provisions. Terrett stated that DeFi regulations were also discussed between the parties, but the biggest obstacle to the bill was the ethical provisions. A spokesperson for Senator Cynthia Lummis said that last week’s meeting with the White House was positive and that the ethics document, expected to be released in the coming days, would reflect these discussions.…

Kalshi is seeking regulatory approval to expand perpetual futures beyond crypto with new contracts tied to gold, silver and platinum. The company filed the products with the Commodity Futures Trading Commission under a review process that gives the regulator 45 days to approve or reject them, Bloomberg reported Tuesday. The contracts would have no expiration date, allowing traders to maintain exposure without regularly rolling positions into new futures contracts. Kalshi plans to initially offer trading 24 hours a day from Monday through Friday, matching the operating hours of the underlying precious metals markets. Chief Risk Officer Udesh Jha said the…

Bitcoin and altcoins may have become healthier following the correction experienced in recent weeks. At this point, cryptocurrency market maker Wintermute noted that the recent correction has largely cleared excessive leverage from the crypto market. According to Wintermute’s analysis, the recent market correction liquidated most leveraged positions and left the market structure healthier than before. At this point, the problem of excessive leverage in the crypto market has been largely resolved. Strategy, led by Michael Saylor, stated that its continued Bitcoin purchases helped alleviate concerns about potential selling pressure. However, analysts note that capital inflows from spot Bitcoin ETFs and…

Ethereum [$ETH] appears to be following a familiar seasonal pattern this July. According to CoinGlass data, July has historically been one of $ETH’s strongest months, with an average return of over 10%. Bitcoin [BTC], meanwhile, has averaged around 7% over the same period, giving $ETH a clear seasonal edge. Against this backdrop, Token Terminal’s latest report adds another layer to the bullish setup. As the chart below shows, Ethereum’s weekly transaction count has climbed to a record 18.7 million, while median transaction fees have dropped to an all-time low of just $0.008. Record-high usage paired with record-low fees is a…

IREN shares rose 4% in pre-market trading after the company entered a $1.6 billion purchase agreement with Dell Technologies for air-cooled Blackwell systems, a major step in scaling its artificial intelligence infrastructure, the company said on Wednesday. The new systems will support IREN’s previously announced five-year, $3.4 billion managed services AI cloud contract and are expected to be deployed across the company’s existing data centers in Childress, Texas. Commissioning is targeted for early 2027. Once operational, the AI cloud contract is projected to increase IREN’s annualized run-rate revenue from $3.7 billion to $4.4 billion, reinforcing the company’s position as a…