Author: NBTC
Ethereum remains range-bound between the 100-day and 200-day moving averages, signalling a consolidation phase. However, a decisive breakout in either direction will likely define the next major trend, with market sentiment leaning toward a potential bullish breakout in the coming days. By Shayan The Daily Chart ETH is currently consolidating between the 100-day and 200-day moving averages, entering a decisive phase in its price action. After breaking above the pivotal 200-day MA around $2.5K, an area that has acted as strong resistance in recent weeks, the price has pulled back to retest this level. This pullback is crucial: if bullish…
Hamak Gold, an early-stage mineral exploration company focused on discovering orogenic and greenstone-hosted gold deposits in Liberia, West Africa, is shifting part of its treasury into Bitcoin. Listed on the London Stock Exchange since 2022, the company announced Thursday that it had raised £2.47 million through a share placement, though it did not specify when the funds were secured. The “injection of new capital” makes Hamak Gold “well-positioned to pursue two core objectives in parallel,” Nick Thurlow, its newly-appointed chairman, said in a statement published by the London Stock Exchange. Those objectives include “maximising [our] existing gold exploration and…
Leading asset manager WisdomTree examines how much XRP has to grow to overtake Bitcoin in one of its crypto comparison reports. In the report, WisdomTree, a leading asset manager with over $116 billion in assets under management, analyzed the strengths, roles, and market performances of Bitcoin and XRP, two of the most prominent crypto assets. The report came up shortly after WisdomTree filed with the U.S. SEC for a spot XRP ETF. Notably, the firm already operates the WisdomTree Bitcoin Fund (BTCW), though the ETF has seen modest traction. It has seen just $37 million in net inflows since 2024,…
Britain’s crypto traders may soon face more than just market volatility—starting in January, failure to share personal details with trading platforms could cost them £300 each. The UK government is tightening its grip on the crypto economy with new tax compliance rules that require users to provide identifying information to exchanges and platforms. The Cryptoasset Reporting Framework, designed to close loopholes and capture unpaid capital gains, is expected to raise £315 million by April 2030. The fines—targeting both individual holders and non-compliant service providers—are part of a broader push to bring digital assets under traditional financial oversight and align UK…
Tokenized stocks promise frictionless investing for the masses. But as Bitrue rolls out NVIDIA, Tesla, and Apple tokens, a critical question lingers: What exactly are you buying? Hint: It’s not equity. According to a press release shared with crypto.news on July 4, crypto exchange Bitrue has launched tokenized U.S. stock trading through xStocks, a partnership with Swiss-based Backed Finance. The digital assets, tokenized representations of NVIDIA, Tesla, and Apple stocks, are now available on Bitrue’s Alpha trading platform. They can be bought and sold using USDT around the clock, without the need for a traditional brokerage account or adherence to…
Bitcoin BTC$107,062.35 treasury firm Twenty One has raised an additional $100 million through convertible senior secured notes, pushing its total capital raised to $685 million as it advances toward a planned merger with Nasdaq-listed Cantor Equity Partners (CEP), a Thursday filing with the U.S. Securities and Exchange Commission shows. The fresh financing comes from existing investors and sponsors who exercised their option to buy more of the notes, originally granted during the April fundraising round, the regulatory filing said. The new notes carry a 1% coupon and are due in 2030. The $100 million boost adds to the $385 million…
Coinbase Institutional Research President David Duong said that the claims of “the largest Ethereum (ETH) short position in history”, which have been on the agenda in the cryptocurrency market in recent days, do not reflect the truth. According to Duong, these comments, based on data from the Chicago Mercantile Exchange (CME), actually point to arbitrage strategies by institutional investors. According to CFTC cash-secured fund data, leveraged funds’ ETH short positions on the CME rose from $466 million in early May to $1.6 billion as of June 24. This $1.14 billion increase is almost identical to the net $1.16 billion inflow…
Bybit Imposes 18% GST for Indian Users: Starting July 7, 2025, Indian crypto users will face 18% GST on trades, staking, and withdrawals. Legacy Services to End July 9: Bybit is discontinuing crypto loans, fiat cards, and trading bots as part of its compliance overhaul. Bybit, a global cryptocurrency exchange, recently announced that it will be applying 18% Goods and Services Tax (GST) for Indian crypto users, starting from July 7, 2025. The GST amount will be directly deducted from the assets received. Moreover, the exchange also put an end to legacy products and services. Bybit Introduces an 18% GST…
Popular blockchain tracker Whale Alert, which monitors large cryptocurrency transfers and shares their details on its website and X account, has reported a massive XRP transfer carrying 20 million coins. This aligned with several consecutive price drops demonstrated by the fourth-biggest cryptocurrency in terms of market capitalization value, XRP. 20,000,000 XRP on the move The above-mentioned data source detected a large crypto transfer involving 20,000,000 XRP shifted from an anonymous blockchain wallet to Bithumb, the second-largest crypto trading platform in South Korea. The transaction took place less than two hours ago. The 20 million XRP shoveled in this transfer was…
The developer says he has now been released but was allegedly detained and faced up to eight years in prison after his Salvadoran neighbor accused him of calling her “stupid” during a dispute over a piece of land. Bitcoin Core Contributor Arrested After Dispute With Neighbor Thanks to a bizarre quirk in a Salvadoran law introduced in 2011, longtime Bitcoin Core developer Jon Atack found himself handcuffed at a local police station in El Salvador after his neighbor accused him of insulting her on Saturday. Police were on the verge of sending him off to jail where he would be…