Author: NBTC

Ethereum is trading near $1,576 as its weekly chart revisits a demand zone that previously marked a major cycle bottom. The chart, shared by Kamran Asghar on X using TradingView data, compares Ethereum’s current pullback with its 2022 bottom area. $ETH is now trading around the same lower support region, with the analyst marking the zone as a possible area for a bullish reversal if history repeats. $ETH/$USDT weekly chart. Source: Kamran Asghar on X, TradingView The setup shows Ethereum below the blue moving average, which is near $2,498 on the chart. That level may act as a major resistance…

Asia’s stablecoin landscape shifted sharply last week, not in a single market-moving headline but through a sequence of developments that show where real-world adoption is thickening. A Japanese financial giant issued a yen-pegged stablecoin, a Korean firm trialled blockchain remittances, and the Philippines leaned further into stablecoins for worker payments — all while Indonesia enforced revised digital asset rules and Russia published a stablecoin regulation draft. According to a weekly roundup by WuBlockchain, the moves point to a region quietly building the plumbing for cross-border stablecoin flows, even as US lawmakers fight over their own crypto bill. The asymmetry is…

Ripple secured preliminary approval as a Crypto-Asset Service Provider from Luxembourg’s financial regulator, the CSSF, on June 23. The approval was delivered as a “Green Light Letter,” which the company is pairing with the EMI license it finalized in the same jurisdiction in February. Together, the two approvals put Ripple inside MiCA’s perimeter, where one member-state license passports across all 30 European Economic Area states, ahead of the July 1 deadline that closes the bloc’s grandfathering window and makes full authorization mandatory. That’s a huge milestone, even for a company that reportedly holds more than 75 licenses worldwide and has…

Japanese Prime Minister Sanae Takaichi has formally denied any connection to a cryptocurrency named after her, the ‘Sanae Token,’ during a session of the House of Representatives Budget Committee on June 22. Responding to questions from lawmaker Yuichi Goto, Takaichi stated that neither she nor her office has ever authorized the issuance or trading of the token, according to a Reuters report. Background and Timeline of Denials The controversy surrounding the Sanae Token first emerged in March, when Takaichi took to social media platform X to state that she was completely unaware of the token and had not authorized its…

Binance, one of the world’s largest cryptocurrency exchanges, has announced it will list a new perpetual futures contract on its futures platform to increase product diversity and expand trading options for users. According to a statement from the exchange, Binance Futures will launch the ARXUSDT perpetual futures contract on June 23, 2026. The new contract will begin trading on June 23, 2026, at 07:45. Users will be able to trade the ARXUSDT contract with a maximum leverage of 20x. The underlying asset of the contract will be the Arcium ($ARX) token. Arcium stands out as a project aiming to develop…

U.S. spot bitcoin ETFs have recorded $4.06 billion in net outflows this month, according to data from SoSoValue. It marks the largest monthly redemption on record, exceeding the previous high of $3.56 billion in February 2025. Last week, the funds saw redemptions of about $1.79 billion, the second-highest weekly outflow since trading began in January 2024. (These figures could shift slightly based on flows over the final two trading days of the month.) This trend runs counter to expectations early in the month of renewed demand following SpaceX’s IPO on June 12. Spot ETFs serve as a widely followed barometer…

Pendle has recently announced a compelling yield offering, featuring a remarkable 618% Long Yield APY for Yield Tokens (YT) alongside a 17% APY for liquidity providers. This announcement was made via their official Twitter account, aiming to enhance user engagement and attract new participants in the decentralized finance space. More details can be found in Pendle’s tweet here. The Latest Significant interest surrounds Pendle’s latest yield offerings as the broader cryptocurrency market continues to present mixed signals. The reported 618% Long Yield APY for YT positions Pendle competitively among yield-generating protocols, while the additional 17% APY for liquidity providers could…

Ethereum is trading near the $1,570 to $1,580 area after a calm weekend that failed to ease the pressure on the second-largest cryptocurrency. The price has stayed mostly range-bound, even as new tension in the Middle East tested risk appetite across global markets. The calm move does not mean the market has turned strong. $ETH remains below the $1,800 level that many traders see as a key recovery zone. The asset is also under pressure from ETF outflows, whale selling, and weak spot demand. ETF outflows weigh on Ethereum sentiment U.S. spot Bitcoin and Ethereum ETFs recorded their seventh straight…

The Bank for International Settlements (BIS) warned that the rapid expansion of stablecoins risks fragmenting the global monetary system and weakening sovereign monetary control, urging central banks and the financial industry to accelerate the development of tokenized forms of central bank and commercial bank money as a safer alternative. In its Annual Economic Report published Sunday, the Basel-based institution delivered a sharp assessment of the approximately $316 billion stablecoin market, arguing that tokens pegged to fiat currencies lack the institutional features required to serve as safe, reliable money at scale. BIS pointed to structural vulnerabilities in reserve asset management and…

Garlinghouse Positions $XRP Within Institutional Payment Infrastructure Institutional settlement remains central to Ripple’s strategy, with Brad Garlinghouse discussing $XRP as a key part of the company’s broader technology stack during a June 26 CNBC interview. He emphasized the crypto asset’s role in enabling faster and more efficient transactions for financial institutions operating within existing payment systems. The chief executive highlighted that Ripple processed approximately $16 trillion in annual payments and clearing activity across businesses added through acquisitions, while transactions involving digital assets accounted for “close to zero percent” of that volume. He said the gap illustrates the opportunity to bring…