Author: NBTC

On-chain analytics firm Onchain Lens has flagged a significant movement of Ethereum from centralized exchange wallets. Two newly created addresses, which the firm suspects are linked to the mining entity Bitmine, collectively withdrew 35,138 $ETH — valued at approximately $58.39 million — from the custody platforms BitGo and Kraken. Details of the Transaction According to data published by Onchain Lens on social media, the two wallets were activated shortly before executing the withdrawals. The funds were moved in a series of transactions, with one wallet drawing a substantial portion from BitGo, a major institutional custody provider, while the other pulled…

apxUSD, a synthetic stablecoin developed by Apyx Finance, has moved significantly away from the dollar peg due to increasing concerns about its collateral structure. apxUSD, primarily backed by Strategy’s preferred stock product STRC, lost up to 36% of its value during the day, falling from the $1 level. The token is currently trading just under $0.76. The chart shows the decline in the apxUSD price. According to information on Apyx Finance’s website, the project is described as a “dividend-backed dollar protocol” that converts preferred stock assets issued by Digital Asset Treasury companies into digital dollars. The project states that it…

Tether briefly overtook Ethereum by market capitalization on June 26, according to the validated discovery pack, as $ETH sold off into the $1,500 to $1,600 range and stablecoin supply remained comparatively steady. The crossover was temporary, but the symbolism was hard to ignore: during one of the market’s sharpest risk-off sessions, crypto’s largest stablecoin briefly moved ahead of Ethereum. TL;DR Tether briefly flipped Ethereum by market capitalization during the June 26 sell-off. $USDT’s market cap was cited around $186.06 billion, while $ETH fell near $185.66 billion during the intraday crossover. Ethereum later recovered above the level, so the flip should…

The European Securities and Markets Authority (ESMA) has issued a final, unequivocal directive to unauthorized crypto-asset service providers (CASPs) operating within the European Union: wind down operations immediately or face severe enforcement actions. With the Markets in Crypto-Assets (MiCA) regulation’s 18-month transitional period officially expiring on July 1, 2026, the EU’s top financial markets regulator is definitively closing the door on the fragmented national frameworks that have historically governed the digital asset sector. Industry data underscores the scale of the impending purge. Out of more than 1,200 firms previously operating under various national regimes, an estimated 75% to 83% remain…

Virtuals Protocol recently announced insights from their AI trading competition, Arena, conducted earlier this year. This competition aimed to explore whether autonomous trading agents could effectively operate in live markets. Their findings, shared on social media, highlight two significant structural issues that emerged during the event, emphasizing the impact of competition cadence on agent behavior. What Happened The broader crypto market is currently exhibiting mixed signals, with various assets showing differing momentum. In this context, Virtuals Protocol’s Arena competition, which involved copy-trading among AI agents, attracted attention for its potential implications. The competition not only tested the capabilities of autonomous…

Bitcoin extended its downward trend this week after a short-lived recovery earlier this month. Its price fell to a new cycle low of around $58,075, marking the first new cycle low since $BTC peaked at $126,200 in October 2025. The latest decline followed a brief rebound that initially gave bulls hope. After dropping to approximately $59,100 on June 5, Bitcoin quickly recovered to $64,185 two days later before extending its gains to $67,248 by June 15. However, sellers soon regained control, sending the asset back toward the $58,000 region. At the time of writing, Bitcoin has recovered modestly to around…

Xyra Labs, a well-known Web3 infrastructure and DeFi trading entity, has integrated $TON, the native token of The Open Network (TON). The integration makes $TON available for trading. As Xyra Labs revealed in its official X announcement, the move also permits the users trade the other compatible assets without quitting the Xyra network. The development denotes another key step in the platform’s plan for liquidity consolidation across diverse chains. TON is now live on Xyra Swap. 🔵10 blockchain ecosystems. One place to swap them all.The map keeps expanding 🔥Explore: https://t.co/Rw7CQA1TZ5 pic.twitter.com/TK4G1QsWwZ — Xyra Labs (@xyralabs_) June 27, 2026 Xyra Labs…

Ethereum has fallen 7.2% over the past 7 days to trade near $1,660, leaving $ETH at risk of another leg lower if buyers fail to defend the $1,611 support area. CoinGecko data shows Ethereum ($ETH) was trading near $1,661 on June 24 after a weak 7-day run that erased most of its mid-June recovery. The token was also down over 20% in the past 30 days. $ETH’s latest decline has come alongside several pressure points. The move on Tuesday wiped out gains from the previous 12 days and triggered about $170 million in liquidations of bullish leveraged $ETH positions, according…

President Donald Trump used the opening ceremony of America’s 250th anniversary celebrations to promote what he described as a strong economic turnaround in the United States, claiming the country is entering a period of rapid growth ahead of its semiquincentennial year. Speaking on the National Mall in Washington, Trump officially launched the Great American State Fair, a nationwide celebration that will run through July 10 and feature exhibits from all 50 states and six US territories. “We are beginning the most unforgettable birthday party any country has ever seen,” Trump said while opening the event. He added that America’s 250th…

Fragmetric, the Solana-based liquid restaking protocol behind the FRAG token, has moved to reassure users that its core operations remain unaffected by the recent suspension of its points program. In a statement released via its official X account, the team confirmed that protocol functions, including the ongoing FRAG buyback, are proceeding independently of the halted incentive scheme. Withdrawal Delays and the Solv Protocol Connection The clarification comes after significant community backlash over both the abrupt points program halt and reported delays in fragBTC withdrawals. Fragmetric explained that the withdrawal issues are not a problem with its own protocol. Instead, the…