Author: NBTC

Analysts track this using a metric called spent transaction outputs (STXO), which, in simple terms, tracks the movement of $BTC on the blockchain. An OG moving coins after holding them for half a decade is almost always a sign of impending liquidation or profit-taking. During the peak of the bullish cycle, single-day sell-offs sometimes exceeded 142,000 $BTC, sending shockwaves through the market. But that’s not the case anymore. The timing of this slowdown in OG selling is not a coincidence, according to analysts at CryptoQuant. Currently, bitcoin is trading around $63,000, which, as it turns out, could be the “break-even”…

Ethereum, the second-largest cryptocurrency, spent most of 2026 under pressure amid the broader market downturn. Its market capitalization stood at roughly $230 billion. $ETH reached an all-time high of $4,953 on the 24th of August 2025. It has since fallen to $1,888, representing an approximately 62% decline from its record high. Separately, $ETH remained down 36% on a year-to-date basis. Is $ETH undervalued? Despite the token’s troubled run, activity across the Ethereum network continued expanding. Alphractal data showed that Daily Transactions remained above 2.5 million during most of the recent period. The network processed 2.56 million transactions at press time.…

JPMorgan has raised its investment rating for HashKey, a Hong Kong-listed digital asset financial services firm, from “Neutral” to “Overweight,” signaling increased confidence in the company’s near-term performance and long-term profitability prospects. The bank maintained its price target of five Hong Kong dollars per share. What Prompted the Upgrade According to a report by BlockBeats, the upgrade followed a meeting between HashKey’s management and JPMorgan analysts at the recent JPMorgan China Summit. The bank stated that the meeting strengthened its conviction in HashKey’s short-term execution and its ability to improve profitability over the medium to long term. HashKey operates as…

The $XRP Ledger (XRPL) is set to activate version 3.2.0 of its core server software on June 15. While the update does not introduce major user-facing features, it includes several changes aimed at improving the network’s long-term operation. Among the most notable is the renaming of the server software from “rippled” to “xrpld,” a move intended to better reflect the broader XRPL ecosystem and reduce confusion with other Ripple-related products. Improving Network Efficiency And Stability Following the upgrade, node operators checking their software versions will see “xrpld 3.2.0” displayed in the command line. Developers said the change reflects the growing…

U.S. Rep. Ritchie Torres has asked the SEC to investigate whether Trump Media & Technology Group’s (TMTG) plan to sell real-time access to President Donald Trump’s Truth Social posts could violate federal securities laws. The request adds fresh regulatory scrutiny to TMTG’s upcoming Truth API product, which is scheduled to launch on Aug. 1 and aims to provide institutional investors with faster access to market-moving posts. Torres Raises Market Fairness Concerns In a letter sent Monday to SEC Chair Paul Atkins, Torres urged the regulator to review the Truth API before its launch and assess whether it creates risks related…

Crypto card usage has skyrocketed over the past year and cumulative volumes are rising rapidly. This week on July 20, users spent $36.82 million in a single day as per Paymentscan. This is the highest single day volume ever recorded. Source: Paymentscan The number alone is only one side of the story. The other half is which card program briefly sat on top of the pile. KAST drew in $13.64 million that day, going past RedotPay’s $12.8 million and grabbing the number one spot for the first time. That said, this lead did not last for more than a day.…

Stablecoins have quietly become one of the biggest growth stories in crypto, and Arbitrum is emerging as one of their largest homes. The Ethereum Layer-2 network now holds roughly $4 billion in stablecoin supply, making it one of the largest stablecoin ecosystems across Ethereum scaling networks. Now, Spark Savings has expanded support for USDT0, joining USDC and USDS, meaning its ERC-4626 vaults now cover more than 90% of all stablecoins circulating on Arbitrum. The milestone isn’t simply another token integration. It reflects a broader shift in DeFi, where protocols are increasingly competing to become the default destination for idle stablecoin…

In brief Quantum industry leaders said Trump’s executive orders could strengthen U.S. leadership in the sector. Researchers said the administration’s timelines better reflect recent advances in quantum computing. Bitcoin faces growing pressure to prepare for a post-quantum future, but migration efforts remain in the early stages. President Donald Trump’s executive orders accelerating the federal government’s transition to post-quantum cryptography by 2031 are drawing support and criticism from researchers who say Washington is adjusting its plans to match a rapidly changing quantum landscape. The executive orders signed by Trump on Monday move the federal deadline for adopting post-quantum cryptography from 2035…

Since February, Ethereum has been ‘cheap’ after the price slipped below its overall cost basis of $2.3K. This means more holders are at a loss, which reduces selling pressure and downside risks. However, crypto analytic firm CryptoQuant cautioned that a durable bottom could still be elusive in the medium term. According to the firm, the final market cycle bottom could happen if $ETH tags $1.15K, citing a 2022 pattern based on the Realized Price Bands metric. Source: CryptoQuant During the 2022 bear market cycle, the altcoin marked a true bottom after hitting the lower band of the metric (dotted green…

A large cryptocurrency investor, commonly referred to as a ‘whale,’ has placed a substantial bet of approximately $328,000 on the prediction market platform Polymarket, wagering that former Brazilian President Luiz Inácio Lula da Silva will win the 2026 Brazilian presidential election. The trade was first flagged by PolyBeats, a service that tracks large positions on the platform. Details of the Whale Trade According to on-chain data, the whale entered the position when the market probability of a Lula victory stood at around 49.2%. Since then, the implied probability has dropped to 40.5%, meaning the whale is currently sitting on an…