Author: NBTC

Bitcoin ($BTC) rallied, $50 short of $63,000, on July 3, and Ether ($ETH) outperformed the wider market, pushing to $1,775. The end-of-week rally comes a few days after $BTC fell to a 21-month low and $ETH sank to fresh year-to-date lows. Highlighting the negative sentiment, the Crypto Fear & Greed index registered “Extreme Fear” at 11 out of 100. Crypto Fear & Greed Index. Source: Alternative.me That gap between the “Extreme Fear” reading and Friday’s bullish market activity is worth noting. On July 2, US spot Bitcoin exchange-traded funds (ETFs) took in a net $221.7 million, their largest single-day inflow…

A recent report published by the European Central Bank today has stated that central banks globally now hold more gold than US government bonds and treasuries in their reserves for the very first time. Geopolitical tensions, concerns over a risk of sanctions, and a growing desire among some countries to lessen their exposure to dollar-denominated assets have been key factors driving this shift in central bank reserve allocations . The golden switch The ECB’s had assessed the international role of the euro over the past year and found that gold accounted for 27% of global central bank reserves as at…

Pyth Network is drawing renewed attention after a recent thread from market commentator Whale Factor outlined the project’s push into institutional financial data. The discussion comes as $PYTH trades near $0.039 after rebounding from its June low, while investors assess whether growing adoption can offset supply concerns. The project has traditionally operated as a blockchain oracle network, providing price data to decentralized applications. More recently, Pyth has expanded into institutional market data services, a move that places it in competition with established financial information providers. Pyth expands beyond crypto data services Pyth’s core business centers on supplying real-time market data…

The Thai SEC has released its monthly summary of the digital asset market, providing a comprehensive look at key metrics. This report includes data on average daily trading volumes and investor demographics. For more information, see the official source here. What Happened The latest report from the Thai SEC offers significant insights into the digital asset landscape. It highlights the average daily trading volume along with the composition of investors, distinguishing between domestic and foreign participants. Additionally, the report identifies the top five coins based on trading value, which can inform both retail and institutional investors about market preferences and…

Decentralized derivatives exchange EdgeX (EDGE) has announced the completion of a significant organizational restructuring, bringing in new talent across its engineering, risk management, and product divisions. In a statement released on X, the platform outlined its roadmap for continuous platform and ecosystem upgrades, with a clear focus on establishing a 24-hour trading environment. Restructuring and New Hires Signal Strategic Shift The restructuring marks a pivotal step for EdgeX as it aims to bolster its operational backbone. By recruiting specialized personnel in key technical and risk-focused roles, the exchange is signaling a long-term commitment to stability and security. This move comes…

Top U.S. cryptocurrency exchange Coinbase said Tuesday it is investing in ProShares’ stablecoin reserves ETF. The fund, called the $GENIUS Money Market ETF, has $22 billion in assets under management and is structured to hold assets that meet the legal reserve requirements for dollar-backed stablecoins in the U.S. “In addition to offering a full-stack stablecoin payments solution, Coinbase is supporting tools that can help stablecoins scale responsibly,” the exchange said. The crypto platform is closely associated with Circle’s USDC stablecoin. ProShares’ stablecoin reserve ETF, ticker IQMM, “is built around a simple idea: as stablecoins scale, issuers need reserve tools built…

Ripple CEO Brad Garlinghouse has put a clear number on the company’s 2026 business goal. According to posts shared by CoinMarketCap and crypto-focused accounts on X, Ripple expects to end 2026 with a $1 billion revenue run rate. The figure does not include $XRP held on Ripple’s balance sheet. That detail matters because Ripple has long faced public debate over the link between its business and $XRP. Garlinghouse’s target frames the company as a fintech infrastructure provider that aims to earn money from products, clients, and services, not from token holdings or sales. LATEST: 📈 Ripple CEO Brad Garlinghouse says…

KuCoin Pay, the native crypto payment solution of KuCoin, has expanded its accessibility to 5 more countries. In this respect, KuCoin Pay has integrated regional transfer and scan-and-pay services across Argentina, Zambia, Bangladesh, Mexico, and Peru. As per KuCoin’s official press release, the launch focuses on making crypto payments relatively practical by bridging digital assets with broadly utilized regional payment systems. Thus, the expansion unveils QR-based payments in Peru and Argentina, while enabling mobile wallet and bank transfers in Zambia, Bangladesh, and Mexico. We are thrilled to announce that KuCoin Pay has integrated local scan and transfer capabilities across 5…

Bitcoin has edged slightly higher after touching lows near $58,500, but one of the most accurate forecasters of this cycle is not convinced the worst is over. Markus Thielen, Founder and CEO of 10x Research, said this week that the modest recovery is unlikely to hold and that Bitcoin could fall as low as $46,000 to $47,000 before finding its genuine cycle low. The rest of the article remains unchanged from the previous version, with Thielen’s analysis of ETF outflows, the absence of meaningful buyers, the Elliott Wave targets, the Fed outlook and his comparisons to the 2022 to 2023…

Crypto’s lackluster price action is not being driven by any internal crisis, but rather by a straightforward rotation of capital into US stocks. That is the conclusion of the original report from Binance Research, the institutional research arm of the Binance ecosystem. According to the analysis, traditional equity markets are siphoning liquidity from crypto at a time when the S&P 500 is experiencing historically high dispersion. The Equity Concentration Problem The Cboe Dispersion Index has climbed to 42, the third-highest reading on record. High dispersion signals that money is flowing into a narrow set of themes rather than spreading across…