Author: NBTC

It could take centuries to reduce the $XRP supply to 500 million tokens at the current burn rate. The $XRP Ledger has a built-in burn mechanism, but its main purpose is not to make the asset deflationary. Instead, the system mainly aims to prevent spam transactions on the network. Despite this, market participants continue to assess whether the mechanism could eventually help reduce supply and support $XRP’s price over time. How Long to Reduce the $XRP Supply to 500M Currently, $XRP has a total supply of 99.98 billion tokens. Of this amount, 32.74 billion $XRP remains locked in escrow, while…

A rare criminal hit on a gambling influencer A district court in North Savo, Finland, on June 18 convicted Jouko “Pottukoira” Kärkkäinen, 44, of a gambling offense for marketing casinos other than the state monopoly Veikkaus to Finnish audiences on his website, Instagram and Kick between May 2023 and February 2024. The court imposed 80 day-fines totaling about $2,700 (€2,480), plus a roughly $90 surcharge. Kärkkäinen denied wrongdoing, arguing his streams were entertainment rather than commercial marketing, were not aimed at Finland, and that he did not control the website carrying the casino links. The court rejected that, pointing to…

Prediction market Kalshi has added India to its list of restricted jurisdictions, according to a members’ agreement document updated on Wednesday. The document now lists a total of 55 restricted jurisdictions whose residents are blocked from accessing the platform. India’s Ministry of Electronics and Information Technology warned virtual private network (VPN) providers in April to stop facilitating access to “illegal and blocked online betting and prediction market platforms.” The development adds to growing regulatory pressure on prediction markets. In May, Spanish authorities blocked access to Polymarket and Kalshi over local gambling laws, while Indonesia blocked access to Polymarket after the…

Well-known analyst Bob Loukas urged investors to remain calm amid Bitcoin’s decline to $59,307 and the liquidation of $1.49 billion in margin positions. The veteran trader emphasized that the industry remains viable, but the market must finally get rid of the illusion of quick profits promoted on social media. In his view, the current wave of selling is a natural final cleanup within the 4-year cyclical model. The main blow from this storm fell on buyers who opened trades with leverage. All the Bitcoin and Crypto FUD flooding the timeline is perfectly normal at this stage of a bear market.Bitcoin…

Gold fell below $4,000 per ounce on Wednesday as traders increased bets that the Federal Reserve may raise interest rates again this year. Yet the stock market avoided the type of broad collapse normally associated with expectations of forceful monetary tightening. If precious metals traders are right about how aggressive the Fed will get to crush inflation, the stock market should be crashing. If stock traders are right that the Fed is more bark than bite when it comes to rate hikes, gold prices should be soaring. They both can’t be right. — Peter Schiff (@PeterSchiff) June 24, 2026 Notably,…

Canton Strategic Holdings (NASDAQ: $CNTN) is the first and only publicly traded company built specifically around Canton Coin (CC), the native token of the Canton Network (@CantonNetwork). Its role in the ecosystem runs two ways at once. It holds and manages CC as a treasury asset, the strategy often described as “stacking CC,” and it operates as active network infrastructure through a Super Validator and, as of this week, a commercial locking service for other operators. That second role is the part worth watching. On June 23, the company began offering locking as a service to Super Validators and application…

The idea of a CBDC is that a nation or other jurisdiction’s central bank issues and manages the activity of an asset that would be akin to a government stablecoin. The European Central Bank has been working on a digital euro that’s set to get a pilot program next year and a full launch in 2029. China also pursued a digital yuan issued by the People’s Bank of China. In past remarks, former U.S. Fed Chair Jerome Powell had said that even were the Fed to consider a CBDC, it would have left the operation and management of it to…

Anthropic pre-IPO futures have fallen as much as 9% since their Coinbase debut, with contracts on both Coinbase and Binance sliding to new lows despite fresh attention from traders. As reported by crypto.news, Coinbase added Anthropic and OpenAI pre-IPO perpetual futures contracts to its growing lineup of private-market trading products on June 22. Rather than benefiting from the exchange’s listing effect that has historically boosted some newly listed assets, Anthropic futures moved sharply lower within a day of launch. Per data from TradingView, the ANTHROPIC/USDC contract on Coinbase opened around $1,728 and was trading near $1,648 at the time of…

Bitcoin crashed below $60,000 on Wednesday, hitting its lowest level in 21 months as a hotter than expected U.S. inflation report triggered a brutal selloff across every risk asset simultaneously. Within 27 minutes of the stock market opening, the Nasdaq 100 fell 1,000 points and the S&P 500 erased $1 trillion in market value. Crypto followed immediately, with Bitcoin dropping 5% in 30 minutes, $460 million in leveraged positions liquidated in a single hour, and over $1 billion in total liquidations across the session. Bitcoin last traded at $59,451, Ethereum fell to $1,566 and XRP slipped to $1.03, down nearly…

The cryptocurrency industry is facing a pronounced contraction in employment, according to a new report from Tiger Research, an Asia-based Web3 research and consulting firm. The report, which analyzed the global crypto job market in the first half of 2026, reveals that while new hires rebounded by 47% year-over-year to 66,494 in 2025, the figure still fell short of the 2022 peak. This year, the downturn has accelerated sharply, with new job postings in January plummeting by approximately 80% compared to the same month last year. Engineering and Compliance Roles Dominate a Shrinking Market Of the 2,932 active job postings…