Author: NBTC
The overwhelming bipartisan passage of the U.S. Senate’s stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts on Tuesday, sets a new high-water mark of crypto policy efforts in the U.S. as the legislation now heads to the House of Representatives. The major Democratic backing for the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act helps give it momentum as it lands in the other chamber, where House lawmakers can either vote on it as written or pursue changes that will require a final round in the…
Partnership news continues to come in the cryptocurrency industry. At this point, the latest news came from two popular altcoins, Alchemy Pay and Ripple. Accordingly, Alchemy Pay announced in its statement that they have established a partnership with Ripple. Alchemy announced in a post on its Pay X account that it has partnered with Ripple – XRP and provides fiat-to-crypto migration services for Ripple’s fully-backed stablecoin RLUSD. The Alchemy Pay – Ripple integration will allow users in 173 countries to access RLUSD via local payment methods. “Alchemy Pay, the world’s leading crypto payment solution provider, announced a strategic partnership with…
A newly created wallet has placed a high-stakes $54.5 million long bet on Bitcoin. He made the trade through Hyperliquid, using 20x leverage. The move has stirred speculation about its potential impact on Bitcoin’s price direction. Whale Opens $54.5M Leveraged Position On June 9, on-chain data revealed that wallet 0x1f25 deposited $10 million USDC into Hyperliquid, a decentralized perpetual exchange. The wallet then opened a 20x leveraged long Bitcoin position valued at $54.5 million, equal to 511.5 BTC. Related: Binance Users Shed $223 Million in Tether and Bitcoin Holdings to Buy More Ethereum Blockchain tracker Lookonchain first reported the activity.…
Ether (ETH) ETH$2,545.02 traded at $2,555.77 on Tuesday, down 3.7% over the past 24 hours after a sharp rejection near the $2,673 level triggered a wave of selling. The downturn follows several sessions of declining momentum and increasing volatility, culminating in a major sell-off late Monday that broke through initial support and left prices trending downward for most of the day.Despite this weakness in price action, on-chain data suggests that larger market participants continue to treat the pullback as an opportunity to accumulate. According to Glassnode, daily net whale accumulation has exceeded 800,000 ETH for nearly a week, with total…
Shares in SharpLink Gaming, a gambling marketing firm and affiliate network operator, are down more than 38% since the market opened, despite the company finalizing an investment round to help it acquire up to $425 million in Ethereum. The company, which last week announced plans to create an Ethereum-focused digital asset treasury, saw its shares surge as high as $124, after trading at $6 as recently as May 23. After closing at $76.70 on Friday, SharpLink shares—which trade with ticker SBET on the Nasdaq Exchange—are trading at $47.16, down more than 38% since open and a whopping 62% down from…
Sui has experienced prolonged bearish pressure after the SEC decided to prolong its decision on its spot ETF. Sui (SUI) was down 4% on Thursday, compounding its earlier losses this week to 14%. Despite somewhat recovering this week, the token is still under pressure as weak sentiment plagues its entire ecosystem. The most recent blow for Sui came in the form of an unfavorable decision by the U.S. Securities and Exchange Commission. On June 4, the SEC delayed its decision on the Canary Capital’s spot SUI ETF, triggering renewed uncertainty. This brought Sui down near its weekly lows, to the…
Libertarians are mobilizing support for cryptocurrency entrepreneur Roger Ver, framing him as a victim of government overreach akin to Ross Ulbricht, in a bid to highlight his case before the upcoming midterm elections. Libertarian Party Advocates for the Release of Political Prisoner Roger Ver As Cassandra MacDonald reported in The Gateway Pundit, the Libertarian Party is turning Roger Ver’s legal battle into its latest rallying cry. MacDonald detailed the party’s official X account, @LPNational, stated it is “dedicated to fighting for justice & individual liberty, including advocating for the release of political prisoner Roger Ver,” a “trailblazer for economic freedom…
A prosecutor from Argentina requested blocking access to HTX as it failed to provide data for a pig butchering probe, in which a user deposited funds to an address linked to its wallets. The measure is set to affect thousands of users. Argentina Blocks Access to HTX as Part of Pig Butchering Probe Argentina has taken a bold step, blocking access to the HTX cryptocurrency exchange at a nationwide level. A cybercrime specialized prosecutor’s office in San Isidro has ordered the blockage of the exchange, which is headquartered in Seychelles and has Chinese origins, due to its refusal to collaborate…
Bitcoin is cruising at $108,610, seeing an increase of over 2% in the past 24 hours; meanwhile, the whole digital currency market value rests at $3.38 trillion. This price climb occurs a single week before the Federal Open Market Committee (FOMC) gathering, which is slated for June 18. Bitcoin Defies Credit Downgrade—Expert Says Confidence Is Building On Monday, June 9, 2025, bitcoin (BTC) is floating above the $108,000 mark, which has led to $155.57 million in short liquidations over the past day, with $81 million being BTC short plays. James Toledano, the chief operating officer at Unity Wallet, shared with…
Not long after the U.S. Securities and Exchange Commission clarified its stance on staking, investors have dedicated a record amount of Ethereum to the network. The amount of Ethereum pledged toward validating network transactions crossed 35 million on Tuesday, an all-time high representing 28.3% of the asset’s circulating supply, according to a Dune dashboard created by Dragonfly Capital data scientist Hildebert Moulié. At the same time, the number of validators earning rewards reached 1.1 million—a new record. Although liquid staking solutions exist, the high water mark suggests conviction is growing for Ethereum, Carlos Guzman, a research analyst at crypto market…