Author: NBTC
When the Tether-backed, stablecoin-focused blockchain Plasma saw its $250 million deposit vault fill nearly instantly on June 9, the founders doubled the deposit cap to $500 million on the spot. Despite that, the sale was dominated by whales and bots — so much so that a few days later, they raised the cap to $1 billion. That was filled in 30 minutes. The raise was not a sale of Plasma’s forthcoming XPL token, but rather deposits to win the right to participate in the sale, which was raising $50 million in an initial coin offering (ICO) at a $500 million…
Bitcoin hit an all-time high of $111,880, and the stablecoin market saw a significant jump in activity — with Ripple USD (RLUSD) being a standout. In the last 24 hours, RLUSD saw its trading volume more than double, jumping by 103.47% to reach $150.49 million, according to CoinMarketCap. Even though it is ranked 15th among USD-pegged stablecoins by market cap, the token’s volume puts it far ahead of many more well-known names in the field. Holding its peg, Ripple USD’s market cap sits at $310.45 million, with no major price movement. The market cap dropped a bit, but trading activity…
OKX has released its 32nd proof-of-reserves report. As of June 14, the total BTC and USDT holdings held in user wallets have plummeted significantly compared to the previous month’s report. On June 30, the crypto trading platform released its 32nd proof-of-reserves report containing the number of assets held within its reserves compared to the number of assets deposited by customers. So far, all of its reserves exceed the 100% ratio. This means that the platform’s reserves for major tokens like BTC (BTC), ETH (ETH), SOL (SOL) and USDT (USDT) has surpassed the number of assets held in customer wallets. The…
The Bitcoin network monthly average hashrate fell about 3% in June, Wall Street bank JPMorgan (JPM) said in a research report Tuesday.The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH/s). “Our sense is the decline was driven by seasonal weather-related curtailment in the U.S., and note that Cipher, IREN and Riot alone operate >80 EH/s in Texas,” analysts Reginald Smith and Charles Pearce wrote. Bitcoin mining profitability continues to improve.…
1 July 2025 — Tether,the largest company in the digital asset industry, has signed a Memorandum of Understanding (MoU) with the Zanzibar e-Government Authority (eGaz), marking a strategic collaboration to advance digital asset education and financial innovation across developing regions. This MoU aligns with Tether’s vision to strengthen Africa’s digital economy through education, regulatory clarity, and the development of an innovative ecosystem. Together, Tether and eGAZ aim to lay the foundation for financial inclusion, local capacity building, and the promotion of digital asset literacy alongside sustainable technological progress that meets international best practices. The initiative aims to emphasize real-world use…
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. About 15 million people go whale watching every year — many in places like Mozambique, Costa Rica and Sri Lanka. Stuck in Iceland, a travel magazine, labeled whale watching “a demanding contact sport where you battle the elements while looking for creatures that care nothing, whether you see them or not. “Sometimes you are lucky, and the whales take a long time when they are visible. Sometimes they move fast, pop up all over the place, and you must be quick to see them.” Today’s post…
Ether 3.5% in the past 24 hours to $2,519 as of 18:59 UTC on June 30, according to CoinDesk Research’s technical analysis model, supported by continued institutional demand, network upgrades, and major retail platform integrations.Institutional interest remains robust, with CoinShares reporting $429 million in net inflows into ether investment products over the past week and nearly $2.9 billion year-to-date. This trend has coincided with a declining ETH supply on exchanges and rising staking levels, with over 35 million ETH —a round 28% of the total supply — now locked in proof-of-stake contracts. Market analysts suggest that these factors are reducing…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Analysis As Asia begins its trading day, Tron DAO’s TRX token is trading flat, up 1%. Crypto traders don’t seem to be making much out of a recent announcement that Tron – for all intents and purposes – is ‘going public’ on the NASDAQ via a reverse merger with SRM Entertainment, a lightly traded Nasdaq-listed toy…
1M+ users. 13M+ downloads. Now live on Arbitrum.—Privacy-first messenger Session has officially launched its native token $SESH alongside the mainnet debut of the Session Network on Arbitrum. This week’s Token Generation Event (TGE) marks a major milestone for the encrypted messaging app, now transitioning to a DePIN-powered architecture with real token utility.With over 1 million monthly active users, Session is already one of the most widely adopted dApps in crypto—and it’s just getting started.What Is $SESH?More than just a governance token, $SESH is the fuel for Session’s decentralized network. It rewards node operators who store and relay messages anonymously and…
Cryptocurrency exchange OKX has announced that it will remove some spot trading pairs of X, BSV, GOG, DIA, BONE and OXT tokens from its platform in order to improve user experience, optimize liquidity and provide a healthier digital asset environment. OKX Removes X, BSV, GOG, DIA, BONE and OXT Trading Pairs from Platform The exchange announced that the decision was made based on market monitoring results, user feedback, and the platform’s delisting rules. Trading support will be terminated due to the high risk of the relevant tokens or failure to meet certain criteria. Trading Pairs to be Removed: X/USDT BSV/BTC,…