Author: NBTC
In a significant development for South Korea’s burgeoning cryptocurrency industry, the Seoul High Court has taken a pivotal step towards resolving a substantial tax dispute involving Dunamu, the operator of the nation’s leading crypto exchange, Upbit. This move, recommending mediation in an administrative lawsuit between Dunamu and the National Tax Service, marks a potential shift from protracted legal battles to more pragmatic, negotiated settlements. What does this mean for the future of crypto taxation and regulation in one of Asia’s most dynamic digital asset markets? What’s at Stake for Upbit and Dunamu in This Tax Dispute? The dispute centers around…
Ethereum leads $236M in liquidations, triggering broad market wipeout. Short traders hit hardest, with BitMEX showing nearly 99% short-side liquidations. Binance tops liquidation value, clearing $155M amid leveraged position failures. Over 144,000 traders saw their leveraged positions wiped out over the past 24 hours, with liquidations totaling $545.95 million across major crypto exchanges. Data released by Phoenix Group on July 17 shows Ethereum (ETH) at the center of the event, leading all assets with $236.57 million in forced liquidations. The figures highlight the rapid shift in market sentiment that triggered one of the largest liquidations in recent weeks. Ethereum accounted…
Ethereum (ETH) registered significant improvements in the second quarter, including increased inflows of exchange-traded funds (ETFs), layer-2 activity, and liquidity, which enhance the prospects for the third quarter. According to the “Charting Crypto Q3 2025” report by Coinbase and Glassnode, US-traded spot Ethereum ETFs captured $1.7 billion in net inflows last quarter, overturning the prior period’s outflows. Institutional flows flip positive Furthermore, layer‑2 throughput climbed 7%, while average user fees dropped 39%. This was followed by an 8% increase in liquid supply, while long‑dormant balances shrank 6%. As a result of the improvements seen last quarter, the share of ETH held at a profit increased…
The regulatory clarity for altcoins has helped the Solana network attract more institutional investors. Solana price has faced increased midterm bearish sentiment partly caused by external factors and geopolitical tensions. Solana (SOL) price has signaled a possible further correction after being rejected above $160 earlier this week. The large-cap altcoin, which is heavily incentivized by the mainstream adoption of memecoins and real-world assets tokenization (RWA), dropped over 5 percent in the last 24 hours to trade at about $146.55 on Tuesday, July 1, 2025, during the mid-North American trading session. Institutional Demand Spells Hope for Solana The demand for Solana…
US President Donald Trump signed the cryptocurrency law, the GENIUS Act, live on air. The GENIUS Act, one of the legislative packages the House of Representatives approved on Thursday and focusing on stablecoins, was signed into law by Trump. This development marked the first comprehensive legislation in the US addressing the cryptocurrency market. Economist and author of the Crypto is Macro Now newsletter, Noelle Acheson, described the law as the most important crypto development of the year: “This is the biggest crypto development of the year. It’s significant enough to be mentioned alongside the SEC change. In a country like…
Solayer has launched a travel booking platform on Solana exclusive for Emerald Card holders. The platform lets crypto users to book stays at more than 1 million hotels across the globe. According to the recently published press release, the travel platform provides crypto holders with competitive rates that are usually only accessible through credit card reward programs on mainstream travel sites like Booking.com, Expedia, and Travala. The Solana (SOL)-based platform boasts more than 1 million hotels locates in various countries worldwide and offers saving deals of up to 60% compared to mainstream travel booking sites. The platform, dubbed Solayer Travel,…
Prediction markets users are wagering millions of dollars on if and when Bitcoin will smash its latest price record, a few hours after the token crested $109,000 on Wednesday to reach an all-time high for the world’s oldest cryptocurrency. According to a Polymarket contract with $19 million in trading volume, Bitcoin has a 93% chance of hitting $110,000 by the end of May, while the odds it climbs to $115,000 or even $125,000 sit at 49% and 8%, respectively. Bettors assessed the token’s likelihood of hitting $150,000 or $200,000 at roughly 1%, the same data shows. US-based Kalshi users also…
Ethereum (ETH) spot exchange-traded funds (ETFs) registered the fastest “$1 billion leap” in net inflows in their history, jumping from $6 billion to $7 billion in two days, according to Farside Investors’ data. The previous record was five days, when the inflows jumped from $5 billion to $6 billion between July 10 and July 16. Between July 16 and 17, the US-traded spot Ethereum ETFs added $1.32 billion. The movement was heavily driven by BlackRock’s ETHA, which added $1.04 billion in the period, representing 79%. Notably, July 16 was the day with the largest daily inflows for Ethereum ETFs, surpassing…
The IOTA Foundation has just rolled out two new initiatives that will increase community involvement and boost on-chain activity. Liquid Link is a reward system for earning through DeFi activity, and the other is the AI Video Bounty. On July 1st, IOTA launched two major initiatives focused on Decentralized Finance (DeFi) and community engagement, marking a fresh wave of energy. First up, Liquid Link, which initially launched on IOTA’s testnet back on May 9, is now officially live on the IOTA mainnet in collaboration with Swirl. This is a liquid staking platform that rethinks how users earn passive income. Instead…
The US House of Representatives took a historic step in the cryptocurrency space. Three bills, the “Clarity Act,” the “GENIUS Act,” and the “Anti-CBDC Surveillance State Act,” were passed yesterday and presented for President Donald Trump’s signature. According to Treasury Counselor Joe Lavorgna, these laws will further solidify America’s global innovation leadership. Lavorgna, answering questions from Cheryl Cassone on Fox Business, stated that the new regulations represent a turning point not only for crypto assets but also for the broader American economy. “These laws not only clarify digital assets but also strengthen the US dollar’s reserve currency status,” Lavorgna said.…