Author: NBTC

U.S. spot Ethereum exchange-traded funds (ETFs) recorded a net inflow of $26.9 million on July 7, marking the fourth consecutive trading day of positive flows, according to data from investment research firm Farside Investors. The inflows were driven entirely by BlackRock’s iShares Ethereum Trust (ETHA), which reported $26.9 million in net new investments for the day. No other spot Ethereum ETF reported inflows or outflows on the same date. Strengthening Institutional Demand The sustained inflow streak signals growing institutional appetite for regulated Ethereum exposure. Since their launch in mid-2024, spot $ETH ETFs have provided traditional investors with a familiar vehicle…

S&P Dow Jones Indices will keep its existing eligibility requirements for benchmarks including the S&P 500, rejecting a rule change that could have allowed newly public megacap companies such as SpaceX, OpenAI, and Anthropic to enter the index faster. S&P said Thursday it will not grant exceptions to its financial viability, seasoning, and investable weight factor requirements solely based on market capitalization. The decision keeps the S&P 500’s stricter framework in place even as rival index providers move to accelerate inclusion for large listings. The ruling means SpaceX would not be eligible for S&P 500 inclusion until at least one…

Anthropic’s decision to shut down access to its latest artificial intelligence models after a US order to suspend access to foreign nationals highlights the risks of centralized control in AI, which could increase demand for decentralized alternatives, says Grayscale. Grayscale head of research Zach Pandl said in a note on Monday that the order to cut access to Anthropic’s Fable 5 and Mythos 5 shows “the centralized control of frontier AI technology and drives home the need for decentralized alternatives.” “We expect demand for decentralized AI, like Bittensor and its $TAO token, to continue to rise as investors seek alternatives,”…

Citadel told the New York court the decision to stop pursuing the case had nothing to do with the merits of its claims. Instead, it said it had already prevailed in a separate London arbitration against Portofino’s founders on employment-related claims including breach of contract, unlawful means conspiracy and deceit, winning damages and legal costs that the High Court later recognized and made enforceable. Despite that victory, Citadel said it has been unable to collect the award, leading to the bankruptcy petition against Lancia. In the filing, Citadel says Lancia owes 5.98 million pounds of the 2025 award by the…

Cryptocurrency exchange Binance has suspended its services in several European countries, primarily France, after failing to obtain the necessary license under the European Union’s new regulatory framework for crypto assets, MiCA, by the deadline. The decision took effect on July 1st and directly affected users, particularly in France. Due to its inability to obtain the necessary operating license in time under the MiCA regulation, the company was forced to suspend its cryptocurrency trading services in France. As a result, users in the country can no longer conduct spot or margin trading. The platform can only be used for withdrawing assets.…

Bitcoin price traded near $62,600 at press time, according to crypto.news market data. $BTC was up 0.31% in 24 hours but remained down 4.38% over seven days. Daily trading volume stood near $23.99 billion, while market cap held close to $1.25 trillion. The price action came as CryptoQuant data showed a sharp drop in selling by older Bitcoin holders. These wallets, often called OG investors, have held $BTC for more than five years and usually move coins during major profit-taking periods. “Today, the 90-day average of $BTC spent by these OGs has dropped below 1,000, sitting at 962, its lowest…

Bitmine, the Ethereum-focused treasury company headed by Tom Lee, continues to grow its institutional $ETH holdings. According to on-chain data analyst Lookonchain, the company purchased 40,000 Ethereum, worth approximately $70 million. This purchase is considered the latest step in Bitmine’s strategy to further expand the world’s largest institutional Ethereum treasury. According to Lookonchain data, the 40,000 $ETH purchase was made through two different wallet addresses. An analysis based on Arkham Intelligence data indicates that the funds were transferred from FalconX and Kraken’s hot wallets. While Bitmine has not yet officially confirmed this latest purchase, it is known that the company…

Pi Network is building momentum ahead of Pi2Day on June 28, rolling out a new Testnet token while its price shows early signs of recovery. The Pi Core Team recently announced updates to the Pi Launchpad after receiving feedback from more than 478,000 participants who joined the platform’s first Testnet token experiment. Alongside the upgrades, Pi has launched a second Testnet token called SLICE, which will remain active until June 28. Pi Launchpad Gets a Major Upgrade According to Pi Network, the first Launchpad test generated valuable community feedback that helped identify ways to simplify participation and improve the overall…

Bitcoin exchange Bull Bitcoin said Wednesday that it had petitioned France’s Council of State (Conseil d’État) to strike down a French decree implementing the European Union’s DAC8 crypto tax reporting rules. DAC8 requires crypto service providers to collect users’ identity and transaction data and automatically report it to national tax authorities, which then exchange the information with their counterparts across EU member states. The directive went into effect on Jan. 1, 2026. The exchange said in a Wednesday press release that DAC8 risks creating a “mass database” linking legal identity and home addresses, including transactions with no relevance to taxation.…

Bitcoin is flashing conflicting signals, with a short-term breakdown pointing toward $57,500 while long-term support suggests a bottom may be forming. The next major move could decide whether $BTC enters a deeper correction or starts a recovery toward $71,000. Bitcoin Head-and-Shoulders Breakdown Targets $57.5K Bitcoin has broken below the neckline of a four-hour head-and-shoulders pattern, putting the projected downside target near $57,500 in focus. The chart shows $BTC trading around $62,150 after losing both the rising neckline near $63,000 and the weekly 200-period moving average around $62,450. This breakdown strengthens the bearish setup, although Bitcoin still has another major support…