Author: NBTC

As Bitcoin (BTC) continues to trade near its recent all-time high (ATH) of $111,980, activity on major crypto exchanges suggests that institutional investors may be strengthening their BTC holdings. Most notably, Coinbase – the leading US-based crypto exchange – recorded a net outflow of 7,883 BTC, raising speculation about renewed institutional demand and a potential continuation of the rally. Coinbase Sees 7,883 Bitcoin Outflow According to a recent CryptoQuant Quicktake post by contributor burakkemeci, Coinbase experienced a daily outflow of 8,742 BTC on May 26. After accounting for BTC deposits, the net outflow stood at 7,883 BTC – marking the…

Ethereum (ETH) has gradually gained bullish ground over Bitcoin (BTC) in the recent past amid an anticipated crypto constructive breakout. On-chain data analysis shows institutional investors have been increasing their Ether position, with some – led by Bit Digital – ditching Bitcoin to get Ethereum’s exposure. According to on-chain data analysis provided by Santiment, Ether accounts with a balance of between 10k and 100k ETH coins added more than 200k coins over the past weekend, thus currently holding about 26.88 million coins. Consequently, the overall supply of Ether on centralized exchanges has exponentially declined to a multi year low of…

Bit Digital’s (BTBT) stock prices rose after the firm announced that it raised an additional $21.4 million after the underwriters of the public offering fully exercised the option to purchase an extra 11.25 million ordinary shares. This addition brings the total proceeds from the offering to approximately $162.9 million. The company plans to use the funds to accumulate Ethereum (ETH) as part of its overhauled business strategy. Ethereum Push Drives Bit Digital’s Stock Price Higher BeInCrypto previously reported that Bit Digital, initially a Bitcoin (BTC) mining company, transitioned to an Ethereum staking and treasury management company. As of Q1 2025,…

During a Wednesday interview with CNBC, Ripple CEO Brad Garlinghouse stated that the company uses XRP “where it makes sense.” “We use stablecoins, we use XRP where it makes sense,” he said. He stressed that Ripple, at its core, has been a payments company that aims to solve the cross-border payment problem. Garlinghouse has recalled that stablecoins were a “big part” of activity for Ripple, and the company decided to make a foray into the sector. “We joined the market kind of late, partly because we were using stablecoins in our payment flows for our institutional customers,” he said. The…

Josh Mandell, a Wall Street Trader known for his high-quality work in government bonds and leading hedge funds, has surprised many by risking $2.1 million on Bitwise Bitcoin ETF (BITB). Famous for a cautious, calculated style honed over decades in traditional finance, Mandell’s new position reflects a deeper contrast in how old-school investors look at digital assets. Mandell shared a screenshot on X showing his large position of 35,000 BITB shares, bought at an average price of $59.98. At press time, BITB had ticked up to $60.02, netting him a small but notable gain of $1,491.80. His post on X…

In the latest report published by crypto finance company Matrixport, it was stated that the Ethereum (ETH) price has recently exhibited resistance beyond fundamental indicators. Matrixport: Ethereum Price Remains Strong Beyond Fundamentals It was emphasized that the ETH price has been steadily rising rather than declining, although on-chain gas fee-based activity is still at low levels and overall network interest has not fully recovered. Matrixport noted that there are a number of structural factors behind this price resistance: Increase in Corporate Demand It was noted that many institutional investors have begun adding Ethereum to their portfolios, positioning it as “digital…

In a recent interview to Anthony Pompliano, the co-founder and former CEO of the Binance Exchange, CZ, answered many questions that were both interesting and important for viewers to hear. Among those, were questions about Changpeng Zhao’s (CZ) start of the career in crypto, his times as the Binance CEO, his prison term, and the future of the crypto space. He also answered a question about how big his wealth really is and reminded the audience that he quit his job and sold his house to get into crypto at the start of his career. CZ talks about his wealth,…

Stellar (XLM) is witnessing a strong price rally, having gained 14% in the past 24 hours and rising 25% over the past week. The surge has also seen around $1.2 billion added to XLM’s market cap in just one day, driven by a number of developments within the ecosystem. Most notably, the launch of the Protocol 23 upgrade introduces Soroban’s unified events to streamline smart contract interactions and power more scalable decentralized applications (dApps) on the network. XLM updates Another major boost to the network comes in the form of PYUSD, PayPal’s stablecoin which has been successfully integrated within Stellar.…

XStocksFi, a trading platform that tokenizes real-world (RWA) stocks, has announced a strategic collaboration with Pyth Network, a decentralized oracle platform. XStocksFi is a digital platform that converts real-world stocks into digital tokens on the Solana blockchain for trading. On the other hand, Pyth Network is a decentralized oracle solution that offers real-time pricing data for assets (like crypto, commodities, and equities) on-chain. This alliance represents a crucial move to connect TradFi with the decentralized finance landscape, aiming to make xStocksFi’s tokenized stocks accessible and cost-effective through the partnership with Pyth Network. xStocks <> Pyth Network@PythNetwork is now part of…

The on-chain analytics firm Glassnode has explained how Bitcoin investor behavior tends to reflect in price trend reversals and continuations. Glassnode Highlights Key Behavioral Patterns Behind Bitcoin Moves In a new thread on X, Glassnode has shared a new way to categorize Bitcoin investors based on their on-chain spending patterns. Under this indicator, called the Supply by Investor Behavior, there are five cohorts: Conviction Buyers, First Buyers, Momentum Buyers, Loss Sellers, and Profit Takers. First Buyers, Loss Sellers, and Profit Takers are pretty self-explanatory. Conviction Buyers refer to the investors who buy despite a decline in the cryptocurrency’s price, while…