Author: NBTC

In the dynamic world of decentralized finance (DeFi), every significant on-chain movement by major players sends ripples across the market. Recently, the crypto community’s attention has been drawn to a substantial transaction involving the 1inch token, specifically a notable withdrawal by the 1inch team investment fund. This isn’t just a simple transfer; it’s a strategic maneuver that begs deeper analysis and understanding for anyone invested in or following the DeFi space. What exactly happened, and more importantly, what could it signify for the future of 1inch and its ecosystem? Unveiling the 1INCH Withdrawal Event: A Closer Look The cryptocurrency market…

The price of Bitcoin wavered on Thursday after a hotter-than-expected jobs report pointed to a resilient U.S. labor market, squashing hopes of interest rate cuts later this month. Bitcoin was recently changing hands around $109,746, a 1.4% increase over the past 24 hours, according to crypto data provider CoinGecko. It was trading below the $109,000 mark when the report came out, then jumped above $110,000 before ticking back down to the current mark. Ethereum jumped 5.2% to just under $2,600, while XRP and Solana rose 4.1% to $2.28 and 1.7% to $152, respectively. Nonfarm payrolls grew 147,000 in June on…

Wednesday morning U.S. hours saw a modest acceleration in crypto’s pullback from the recent big move higher, with bitcoin BTC$107,282.94 stumbling nearly 2% to just above the $107,000 level. Altcoins fared worse, with XRP XRP$2.27 , solana SOL$170.30 and dogecoin DOGE$0.21954 among those sporting declines in the 3%-5% range. Among crypto-related stocks, the bitcoin miners were hardest hit, with MARA Holdings (MARA), Riot Platforms (RIOT) and Hut 8 (HUT) each lower by nearly 10%. Bitcoin treasury companies were also showing sizable losses, led by GameStop (GME), down 11% after announcing the purchase of just over 4,710 bitcoin (or about $500…

Chainlink has officially welcomed Katana as the newest member of the Chainlink SCALE program. With this launch, Katana, a DeFi platform designed for real yield and seamless user experience, goes live with Chainlink’s most advanced data and interoperability tools. Developers on Katana can now access sub-second data feeds, secure price oracles, and trusted cross-chain messaging through Chainlink’s infrastructure. This move aims to make DeFi faster, more secure, and interoperable from day one. Why Chainlink? Katana presents itself as the new DeFi standard. Chainlink’s infrastructure has already secured over $75 billion in onchain value and powered more than $22 trillion in…

Russian companies are offering investment insurance policies tied to the value of Bitcoin, the leading cryptocurrency by market capitalization. The new products expand crypto investment opportunities in Russia that have been growing since its central bank permitted the offering of derivatives based on decentralized digital assets. Russian insurers offer policies linked to American Bitcoin ETFs Two insurance firms, Renaissance Life and BKS Life Insurance, have announced crypto-related investment products on the Russian market, the Bits.media news outlet revealed on Wednesday. Renaissance Life is launching a Bitcoin-linked life insurance policy under its “Cryptocapital” program. It will provide up to 60% return…

According to on-chain data, Hyperliquid has consistently outperformed established networks Solana (SOL) and Ethereum (ETH) in daily revenue over the past three months. In addition, the decentralized finance (DeFi) protocol has posed tough competition to both networks in terms of fees, challenging their long-held positions. Hyperliquid Surpasses Ethereum and Solana in Daily Revenue Artemis data reveals that Hyperliquid has come out on top in daily revenue, while Solana has trailed behind over the past three months. Impressively, this lead isn’t just a recent milestone. The protocol has also maintained higher weekly revenue levels since February. Hyperliquid Vs. Solana and Ethereum.…

BlackRock’s XRP ETF plan raises concerns about control, not true crypto adoption or freedom. Vandell warns BlackRock’s interest is profit-driven, not meant to benefit regular crypto users. Holding real XRP gives full utility, ETFs only offer price exposure without blockchain access. XRP ETF approval odds soared to 81% on Polymarket after BlackRock interest sparked hope. BlackRock, the biggest asset manager in the world with over $11.6 trillion, now wants an XRP ETF. At first, this might sound like great news for XRP supporters. Vandell Aljarrah, the Co-founder of Black Swan Capitalist, says this move isn’t really about helping people use…

Sui Network now supports tBTC minting, enabling Bitcoin holders to access DeFi tools like lending and trading natively. The integration leverages threshold cryptography and fast L1 performance, enhancing decentralized Bitcoin utility on Sui. The Sui network is increasingly confident in challenging DeFi’s dominance in the crypto industry. Starting early July, Bitcoin owners can convert their BTC into tBTC directly on the Sui network. Through the integration of Threshold Network, tBTC is present as a tokenized version of Bitcoin that is fully supported 1:1, without having to go through Ethereum first. Sui Network Opens the Door for BTC Holders to Join…

The Open Platform (TOP), the main application developer of Telegram’s blockchain project TON (The Open Network), has completed a $28.5 million Series A investment round at a valuation of $1 billion, according to Fortune. The investment round was led by fintech-focused Ribbit Capital, while Pantera Capital, one of the leading investment funds in the cryptocurrency space, also participated. In exchange for investment, a 5% stake in the company was transferred, and no cryptocurrency was allocated in the process. TOP founder and CEO Andrew Rogozov stated that the company has raised over $70 million in total funds to date. TOP, which…

A prominent voice in the XRP community has reignited the conversation around XRP’s role in the future of global payments, particularly with ISO 20022. Initial reports suggest that this standard will dominate financial messaging by 2025. While XRP’s role in ISO 20022 has been a topic of debate, the analyst behind “All Things XRP” believes that many discussions often overlook key points. “XRP Is Not ISO 20022 Compliant,” But That’s Not the Point The XRP community figure acknowledged that XRP is not ISO 20022 compliant. However, this claim has led to a misconception that continues to circulate within the community.…