Author: NBTC
In recent months, Ethereum (ETH) reserves on Layer 2 (L2) networks have plummeted, with the overall ETH balance dropping by approximately 25%. ETH on Optimism has fallen by as much as 54% since March, while Arbitrum and Base have seen declines of 17% and 14%, respectively. What is driving this decline? The chart from The DeFi Report clearly illustrates this trend, particularly since early 2025, when major L2 networks like Optimism and Base have witnessed significant ETH withdrawals. According to analyses, the weakening prices of native Ethereum L2 tokens are a critical factor. ETH reserves on L2 networks have plummeted.…
Bitcoin broke new records in recent weeks, exceeding $111,000. However, BTC, which has withstood the subsequent pullbacks well, is now moving within a certain range. At this point, while the expectations for an increase are decreasing, the question of “Will there be a summer rally in BTC and altcoins?” comes to the fore with the arrival of the summer months. Analyzing the current state of Bitcoin, QCP Capital said that investors have postponed their rally expectations to September. Analysts stated that Bitcoin volatility has decreased as the market shows signs of fatigue, and that volatility has reached yearly lows as…
The Ethereum price is attempting a rebound after reclaiming the $2,620 level, but several overhead resistances and weak volume momentum continue to cloud short-term direction. Despite a strong bullish impulse from local demand zones, the broader structure remains neutral within a tightening range. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) The Ethereum price today is hovering around $2,628, up over 3 percent in the past 24 hours. This recovery emerged after price bounced from the $2,517–$2,540 accumulation block, which Smart Money Concepts marked as a recent liquidity grab and EQH breakout zone. This Ethereum price update suggests…
Stablecoins were the headline story at Bitcoin 2025 this week in Las Vegas, not Bitcoin. The three-day event, which pulled in a crowd of 35,000, saw major political names and crypto executives focusing heavily on dollar-pegged tokens, not the coin that started it all. According to CNBC, what dominated the stage was a growing political alliance pushing legislation to bring stablecoins into the core of US financial power. Vice President JD Vance showed up to deliver a full public endorsement of the space, becoming the first VP to speak directly to Bitcoiners. “I think it’s wrong, actually, to call this…
Sonic Labs opens 200M S token airdrop to users and developers, including U.S. residents for the first time. GSR joins Sonic Labs as market maker to boost DeFi liquidity and cross-chain access. Sonic Labs has stolen the spotlight again. Through their latest announcement, as many as 200 million S tokens are ready to be distributed to active users and developers. What’s the difference with other big airdrops? This time, US citizens can also take part—something that is usually a no-go zone in the world of free tokens. 🇺🇸 You’re in. U.S. residents are now eligible for the ~200M $S airdrop!…
The Securities and Exchange Commission (SEC) made a sweeping set of leadership appointments Friday, installing four new senior officials as Chairman Paul Atkins continues reshaping the agency’s top ranks. Erik Hotmire will return to the SEC as Chief External Affairs Officer and Director of the Office of Public Affairs starting today (Monday). Hotmire previously worked at the agency under former Chairman Christopher Cox and brings extensive government and private sector communications experience to the role. Paul Atkins, Source: LinkedIn “I am delighted that Erik is coming back to the SEC to provide his talents and experience to continue our meaningful…
Binance, one of the world’s largest cryptocurrency exchanges, has made a significant rule change to its Alpha program. The company announced that as of June 17, 2025, 03:00 (UTC+3), trading volumes between Alpha tokens will no longer be included in the Alpha Score calculation. This decision comes after some Alpha tokens, such as ZKJ and KOGE, experienced high price fluctuations recently. Binance explained that this volatility was caused by large investors withdrawing on-chain liquidity and the subsequent liquidation chain. The company stated that this change was implemented to protect fair competition in the market, ensure stability and reduce systemic risks…
AxonDAO, a leading force in decentralized science (DeSci) and health data sovereignty, today announced its partnership with SKALE, the world’s fastest zero gas fee blockchain network. The collaboration will enhance AxonDAO’s infrastructure by enabling scalable, cost-effective, and immutable tracking of user activity and research data. This foundation supports future clinical-grade health technology applications. As AxonDAO expands its network of wearables, AI health models, and research tools, SKALE’s decentralized architecture provides a vital layer of transparency and verification. By leveraging SKALE’s high-performance blockchain, AxonDAO will deliver seamless and tamper-proof records of user actions and system outputs, ensuring integrity without compromising privacy…
Despite a growing number of pro-Bitcoin voices in the U.S. Congress, only a handful of lawmakers currently report owning any form of cryptocurrency. Out of 535 elected members across the House and Senate, only 13 have confirmed exposure to digital assets. Even fewer, just nine, have reported owning Bitcoin directly. This stands in contrast to the increasingly positive rhetoric around crypto policy coming from both chambers in recent months. “Who Has Skin in the Game?” Raises Questions On X Prominent Bitcoin advocate and security engineer Jameson Lopp recently asked on X: “A decent number of U.S. Congress members speak favorably about…
NFT collection, Guild of Guardians, remains the leader of the NFT market in terms of the weekly volume of sales, collecting an impressive amount of $18.93 million. Nevertheless, this is a massive reduction of 20.80% in comparison to last week. TOP #NFT COLLECTIONS BY WEEKLY SALES VOLUME #GuildofGuardians #Courtyard #DMarket #GodsUnchained #CryptoPunks #Panini #DogeZuki #SuperRare #BoredApeYachtClub #MiladyMaker #PudgyPenguins #MutantApeYachtClub pic.twitter.com/65PMYeClp8 — PHOENIX – Crypto News & Analytics (@pnxgrp) June 19, 2025 Even with the loss, the NFT project based on the game maintains a comfortable position, having more than 2282 buyers and 3868 purchases. This strength when volume declines, shows…