Author: NBTC

Backpack, the crypto exchange founded by former FTX insiders, has launched a new portal to help FTX creditors sell their debt claims directly to interested third-party buyers. The announcement was made on July 18 via a post on Backpack’s Chinese X account, where the company described the initiative as a “non-profit, neutral” service aimed at supporting the wider crypto community impacted by the 2022 FTX collapse. The new platform offers a one-stop process for claim holders, including identity verification, claim validation, offer confirmation, and final settlement, all completed within the Backpack interface. Backpack stated that it will not charge any…

While the world’s largest cryptocurrency, Bitcoin, surpassed its all-time high (ATH) by reaching $ 109,358, remarkable statements came from two important names in the market. Experienced commodity trader and economist Peter Brandt and cryptocurrency analyst il Capo of Crypto evaluated the rise from different perspectives. Peter Brandt, who has been following the Bitcoin markets for a long time, argued that the ATH level should not be exaggerated technically, and stated that the rise is a natural process. According to Brandt, new records should not be exaggerated from a technical perspective, because the definition of a bull market is that it…

Ethereum has extended its upward momentum this week, climbing over 20% in the past seven days and pushing past $3,600 for the first time in months. As of the time of writing, ETH trades at $3,617, marking a 5.4% increase within the past 24 hours. This rally has been drawing attention from analysts who are examining whether the price movement is being driven by sustainable investor demand or short-term speculative activity. Ethereum Futures Market Leads, But Spot Demand Lags Behind Data from on-chain analytics firm CryptoQuant suggests the recent uptrend in Ethereum’s price is primarily fueled by the derivatives market.…

Less than a week after Bloomberg ETF analyst Eric Balchunas reported that a Solana Staking ETF could launch soon, REX Shares’ Solana ETF went live today. However, SOL is underperforming ETH, despite decent trading volume on the ETF’s launch. SOL is up 4% today; however, ETH is leading all major tokens today and is up 6.9%, nearly reclaiming the $2,700 mark. Layer 1 Blockchains – CoinGecko The token’s underperformance may be due to the ETF being treated as a “sell the news” event by holders, or could also be exacerbated by the ETF’s controversial nature. This ETF in particular is…

Russia should allow companies registered on two islands at both ends of the vast country to conduct settlements in cryptocurrencies, a Russian senator has suggested. The destinations are designated as special administrative regions, and the digital transactions there won’t clash with the central bank’s stance that crypto payments must be kept outside the nation’s main jurisdiction. Russia to trial crypto payments in the heart of Europe and the Far East Russian firms based in the special administrative regions (SARs) established on Russky Island, in the Far-Eastern Primorsky Krai, and Oktyabrsky Island, in the Pregolya River in Russia’s European exclave of…

Alchemy Pay, a prominent fiat-crypto payment platform, has announced an exclusive investment in HTF Securities Limited, a Hong Kong-based entity regulated under the country’s Securities and Futures Commission (SFC). As per Alchemy Pay, it has invested in HTF Securities Limited via its corporate entities. The platform revealed the details of this endeavor in a recent social media post shared on its official X account. 🇭🇰#AlchemyPay has secured access to SFC Type 1/4/9 licenses via investment in HK-licensed firm HTF Securities Limited and will apply for the upgrade of the SFC Type 1 License. Looking ahead, we’ll work together to upgrade…

Bitcoin’s BTC$106,546.31 surge to a fresh all-time record on Wednesday ran into a brick wall just below $110,000.After hitting a record of $109,754, BTC quickly fell to about 3% to the $106,000 area. At press time, the top cryptocurrency was trading just above $107,000 according to CoinDesk’s Bitcoin Price Index, modestly lower over the past 24 hours. Other cryptocurrencies took a hit as well, with ether ETH$2,534.64 and solana SOL$169.19 also slightly lower over the last day despite the early Wednesday run higher.The reason behind the price action may be as simple as traders taking profits on the quick rise…

Tom Lee devoted a six-post thread on X yesterday to a single proposition: if companies treat Ethereum (ETH) the way MicroStrategy treats bitcoin, the token price need only follow the mathematics of balance-sheet absorption to reach roughly $30,000. Lee’s argument rests on the mechanics he says really powered MicroStrategy’s spectacular equity rerating. From 11 August 2020 through today the software company’s shares climbed from $13 to about $455, a 35-fold gain. Only eleven of those thirty-five turns came from bitcoin’s own rise—roughly $11,000 to $118,000 in the same period—while twenty-five turns were created by “treasury strategy,” Lee wrote, meaning repeated…

Payments remain the biggest use case of XRP Ledger, with weekly payments on the network increasing by more than 430% in less than two years. Data from Dune Analytics shows that weekly payment transactions on the network moved from around 1.5 million in 2023 to over 8 million in 2025. This represents almost 60% of the 14.1 million weekly transactions on the network. XRPScan data also supports this, showing that the daily payment transaction for July 1 was almost 967,000 for July 1 out of the total 1.53 million transactions on the network. Payments dominate XRPL activity (Source: Dune Analytics)…

Key Takeaways Tornado Cash co-founder Roman Storm is on trial for money laundering and sanctions violations, with proceedings expected to last three weeks. The judge ruled the defense can reference privacy but barred appeals to broader constitutional rights, limiting arguments around the “right to privacy.” Tornado Cash cofounder Roman Storm secured a partial courtroom victory Friday, as a federal judge ruled he can present arguments about privacy motivations during his ongoing criminal trial, though not under the banner of a constitutional “right to privacy.” The trial began this week and is expected to last three weeks. According to a report…