Author: NBTC

Base creator Jesse Pollak said the network made the wrong bet on onchain social and will refocus its strategy around trading, payments, and AI agents as it seeks to become infrastructure for global finance. lots of conversations about base over the last week. wanted to share my candid take after a week of listening and a lot of reflection over the last 6 months. first off – in case it’s not obvious, the first quarter of 2026 was a punch in the face. I spent 2024 and 2025 making a… — jesse.base.eth (@jessepollak) July 15, 2026 Pollak said the first…

The controversial Bitcoin soft fork aimed at combating network spam, BIP-110, has failed to garner enough support from miners. As of 4th July, the final day for miners (miner-activated soft fork, MASF) to implement the temporary upgrade, the support was surprisingly negligible. Notably, only 10 blocks out of 2,016 supported the move, or less than 1% of the total Bitcoin hashrate power. Source: BIP110 monitor For the soft fork to be activated, 55% of blocks should signal support in a 2,016-block period. Reacting to the low support by miners, David Bailey, founder of the Bitcoin Conference and treasury firm Nakamoto,…

Ethereum [$ETH] has continued to hover around $1.8k. After successfully rebounding from $1800, the altcoin has shown relative strength, rising to $1876. As of this writing, Ethereum was trading around $1866, up slightly by 1.7% on the daily charts. As $ETH hovered around $1.8k, whales turned optimistic and opened long positions. Whale dumps $BTC for Ethereum long According to Lookonchain, two newly created wallets sold 72 Bitcoin [$BTC] worth $4.66 million and then jumped to Ethereum. After dumping $BTC, the trader opened a 20x long position in 12,000 $ETH, worth approximately $22.4 million. So far, with $ETH holding above the…

The bitcoin ETF bleed has spread across crypto. U.S. spot bitcoin funds shed another $396.60 million on Wednesday, extending a record outflow streak to 13 straight sessions and a $4.37 billion drain since mid-May, while ether, solana and $XRP products joined the redemption wave. Hyperliquid’s spot $HYPE ETF was the only major crypto fund still pulling in net new money. BlackRock’s IBIT, the largest bitcoin ETF by net assets, absorbed the bulk of Wednesday’s outflow with $342.34 million in redemptions, according to SoSoValue data. Fidelity’s FBTC lost another $54.26 million. The two funds dropped 2.76% and 2.65% respectively as bitcoin…

In brief Senate Democrats are ramping up opposition to the Clarity Act, demanding ethics rules barring President Trump and his family from profiting off crypto. With less than four weeks before Congress’ August recess, the bill faces a narrowing window to pass this year. The legislation will need at least seven Democratic votes in the Senate, if not more, making bipartisan support critical. Key Senate Democrats have begun mounting an impassioned case against passage of the Clarity Act in its current form, as the sprawling crypto bill enters a climactic final hurdle. On Monday, Sen. Elizabeth Warren (D-MA) wrote a…

The next distribution of funds to creditors of the collapsed cryptocurrency exchange FTX is scheduled for July 31, totaling approximately $600 million, according to Sunil Kavuri, a representative for the largest group of FTX creditors. Kavuri announced the development on X, noting that the record date for the distribution was June 16. Timeline and Eligibility This payout marks another step in the ongoing bankruptcy proceedings of FTX, which filed for Chapter 11 protection in November 2022. The $600 million distribution is part of a broader plan to repay creditors using recovered assets. The record date of June 16 means that…

The Volvo Group has been quietly exploring the benefits of decentralized ledgers. Ivan Branco, who leads information management, AI, and analytics for the Volvo Group’s logistics operations in Belgium, recently revealed that the car giant is currently in the process of developing a proprietary cryptocurrency designed for supplier transactions. The role of blockchain For Volvo, the interest in blockchain is about solving tangible supply chain inefficiencies. Branco has noted that the company approaches these technologies from a perspective of business necessity. It is no longer about tech-first experimentation. “The way I see blockchain is when I look at all the…

After an extended decline, Bitcoin is beginning to stabilize, but macroeconomic factors are still preventing a long-term rebound. CoinShares reports that the rebound was brought on by a June U.S. nonfarm payrolls report that was weaker than anticipated, adding only 57,000 jobs as opposed to 115,000. This was a lot less than the 129,000 gain (revised from an initially reported 172,000) in May. Macroeconomic factors supporting Bitcoin’s recovery Meanwhile, the unemployment rate decreased from 4.3% to 4.2%. On the release, the market pushed back its pricing for a short-term Fed hike, and the yield on the two-year Treasury fell more…

Tech Charts analyst Aksel Kibar presented a mathematical roadmap for the Ethereum move toward $2,163 based on a double-bottom pattern as the attempt to consolidate above the key technical level of $1,842 has once again divided the market into two camps. Still, the chart’s attractive geometry has not convinced the analyst himself either, as Kibar considers the current breakout local and refuses to buy Ethereum until its price proves its stability above the psychological barrier of $2,000. Breakout or bull trap? Deciphering the scenarios for the path to $2,163 The double-bottom reversal pattern in question emerged after Ethereum twice found…

U.S. crude and petroleum inventories have fallen to their lowest level since 2004, marking a decline of 10.6 million barrels last week to a total of 1.57 billion barrels. This significant reduction is attributed to the U.S. government’s efforts to mitigate surging oil prices amid ongoing Middle East supply disruptions. The decrease in stockpiles is seen as a response to geopolitical tensions and market adjustments, indicating a tightening supply scenario that may impact global oil markets. The Financial Times has reported these figures, lending substantial credibility to the data. Key Takeaways Market pricing suggests a potential upward trend in crude…