Author: NBTC

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…

Andy Burnham, the Labour Party Mayor of Greater Manchester, is gaining attention as a potential successor to UK Prime Minister Keir Starmer, amid growing speculation that Starmer may step down before the next general election. Burnham, a prominent pro-cryptocurrency figure within the party, has positioned himself as a modernizer with a focus on digital innovation. Background and Political Context Keir Starmer, who has led the Labour Party since 2020, faces increasing pressure from within his own party over policy direction and electoral strategy. While no official resignation has been announced, political analysts suggest the most likely scenario is that Starmer…

Ripple, a developer of blockchain-based payment solutions, has taken a significant step towards expanding its operations in the European Union market. The company announced that it has received preliminary approval from the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg’s financial regulatory body, for a Crypto Asset Service Provider (CASP) license, which is required under the European Union’s Crypto Asset Market Regulation (MiCA). According to a statement by Ripple, the company will obtain a full CASP license after fulfilling the remaining requirements in the licensing process. This will allow Ripple to offer crypto asset services to financial institutions and businesses…

Bitcoin has closed a weekly candle below its 200-week exponential moving average for the first time in the current cycle, a development that has rattled markets but one that analyst Benjamin Cowen says follows a historically familiar pattern. This Has Happened Before The last time Bitcoin closed a weekly candle below the 200-week EMA was June 2022, during the depths of that cycle’s bear market. Cowen argued that the current hand-wringing about the four-year cycle being broken or this time being different misses the point. The same pattern has played out repeatedly across prior cycles, and overcomplicating it does not…

Ethereum amplified a post by @zama announcing the launch of the Steakhouse Confidential Prime $USDC Vault on Morpho. This new vault allows users to deposit confidential $USDC (cUSDC) and positions $USDC favorably in the competitive DeFi landscape. More details can be found in the original tweet by Ethereum. The Story So Far The introduction of the Steakhouse Confidential Prime $USDC Vault on Morpho marks a significant development in decentralized finance. Users can now deposit confidential $USDC, enhancing the liquidity and lending capabilities of this stablecoin. Given that $USDC has recently gained traction, especially as it surpassed Tether in transaction volume…

TL;DR On-chain records were reported as showing Machi Big Brother liquidating BAYC-related assets to defend leveraged $ETH exposure. The discovery pack described the activity as linked to Hyperliquid $ETH long positions. Risk note: Do not speculate on personal finances or make claims beyond visible wallet and position data. https://x.com/AlexBayarchyk/status/2071105539686158804 Loading Tweet… View original post on X Nft sales and leveraged eth exposure show how quickly margin stress can become visible on-chain On-Chain Data Tracks Machi Big Brother $ETH Leverage Defense on Hyperliquid is a timely crypto-market story because it gives readers a clear signal to watch without leaning on hype…