Author: NBTC

A new whale is causing a stir in the cryptocurrency market after taking out about $21.7 million in assets from the institutional trading platform FalconX. These assets included $7.3 million in Hyperliquid [$HYPE], and $14.4 million in Ethereum [$ETH]. That said, the investor amassed $ETH close to a recent local low, and entered $HYPE during its peak. Source: Arkham Within 24 hours, the position was already displaying an unrealized gain of about $400,000, despite the divergent entry points. This suggests that prices were still moving in the whale’s favor. Given that FalconX primarily serves high-net-worth and institutional clients, such significant…

A tokenized SpaceX IPO offering on Bitget Wallet attracted $13 million in commitments within 30 minutes this week, highlighting growing demand for onchain access to some of the world’s most sought-after private and public market opportunities. The offering initially launched with a $3 million allocation through xStocks, but demand quickly exceeded available supply. Bitget Wallet expanded the allocation to $13 million, which was fully subscribed within the same half-hour window. The subscriptions were made entirely on Solana using USDT and USDC from self-custodial wallets. The speed of the raise offers another signal that crypto investors are increasingly looking beyond tokens…

$XRP Adoption Narrative Expands Beyond ETF Speculation Speculation surrounding a potential Blackrock $XRP ETF has resurfaced after Jake Claver, chairman of Digital Ascension Group, suggested the asset manager could eventually launch such a product. His comments also pointed to broader XRPL adoption and institutional discussion around digital asset infrastructure as factors supporting $XRP’s outlook. The comments came during a June 15 interview with Deep Dive Podcast host Rachel Wolfson. Claver also founded Digital Wealth Partners, manages Syndicately’s SPV investment platform, and works with high and ultra-high net worth families navigating digital asset investments. Emphasizing his bullishness on $XRP, he predicted:…

A research project run by Columbia University professors on GPU servers located more than 5,000 miles away in Paraguay has produced a result that HIVE Digital Technologies (Nasdaq: HIVE) is calling a proof of concept for the future of distributed AI infrastructure. HIVE Digital, a publicly listed data center and digital asset mining company founded in 2017 and traded on both the TSX and Nasdaq, announced on June 22 that it has completed its first AI research collaboration with Columbia University’s Department of Industrial Engineering and Operations Research. The research has been submitted to the Conference on Neural Information Processing…

Matrixdock, a platform specializing in the tokenization of real-world assets (RWAs), has launched its tokenized gold product, XAUm, on the Stellar network. The announcement, made on June 24, marks a significant expansion for the company, which is seeking to bring traditional commodities deeper into the decentralized finance (DeFi) ecosystem. Expanding into the Stellar Ecosystem The integration of XAUm on Stellar is not merely a listing. Matrixdock has outlined plans to embed the tokenized gold into the network’s core DeFi infrastructure. This includes connecting XAUm with Stellar’s decentralized exchange (DEX) liquidity pools and its lending markets. By doing so, the company…

Global markets are entering a major week filled with inflation reports, geopolitical developments, and central macroeconomic data. Traders are closely watching new comments from Iran alongside upcoming U.S. economic releases. The Kobeissi Letter reported that Iran sent a response to a U.S. proposal through Pakistani mediators. Shortly afterward, Iranian President Masoud Pezeshkian stated that negotiations would not represent surrender. Iran comments add to market uncertainty According to statements shared by The Kobeissi Letter, Pezeshkian said Iran would “never bow” to external pressure while defending national interests during talks. “Dialogue does not mean surrender or retreat” remains the central quote drawing…

The total value locked (TVL) across decentralized finance (DeFi) protocols has fallen for six consecutive months, according to a new report from CryptoRank. Year-to-date, DeFi TVL has dropped approximately 39%, declining from around $115 billion in January 2025 to roughly $70 billion as of late June. This sustained downturn reflects a broader correction following the market’s peak earlier this year. Six Months of Decline and Rising Security Concerns The ongoing contraction in DeFi TVL marks one of the most prolonged drawdowns since the 2022 bear market. Analysts point to a combination of factors, including reduced yield opportunities, shifting investor sentiment…

Advisors to some of the largest financial institutions are taking more of an interest in stablecoins and tokenization than in Bitcoin, which could help pull crypto out of its current slump, said Bitwise investment chief Matt Hougan. Hougan said in a note on Wednesday that he recently spoke with more than 40 advisors who were “still interested in crypto” but are “more interested today in stablecoins and tokenization than they are in Bitcoin.” “It was pretty hard to engage with advisors on Bitcoin this week,” he said. “In call after call, they expressed much more curiosity over the real-world applications…

Swell’s 10th Year Draws Executive Focus on Institutional Crypto Adoption Excitement around Ripple Swell 2026 accelerated after Ripple CEO Brad Garlinghouse, Ripple President Monica Long, and Ripple CTO Emeritus David Schwartz highlighted the event’s significance for Ripple, $XRP, and the $XRP Ledger ecosystem. The conference will take place in New York from Oct. 27-29 and will combine Swell with XRPL Apex for the first time. Executive comments have emphasized institutional adoption and ecosystem growth as central themes of the gathering, which is designed to bring together participants from traditional finance, blockchain development, and the broader digital asset industry. On June…

New York Stock Exchange-listed Bitcoin mining firm Hyperscale Data (NYSE: GPUS) has entered into a Master Service Agreement (MSA) to deliver 20 megawatts of AI computing capacity at its Michigan data center campus, signaling a strategic pivot from cryptocurrency mining toward high-performance computing for artificial intelligence workloads. Deal Details and Capacity Conversion The agreement, first reported by FinanceFeeds, will see Hyperscale Data allocate a significant portion of its existing infrastructure to AI services. The company currently operates approximately 28 MW of Bitcoin mining facilities at the Michigan campus. Under the new plan, Hyperscale intends to convert some of this mining…