Author: NBTC

U.S.-listed spot bitcoin BTC$105,802.84 exchange-traded funds (ETFs) recorded their first day of net outflows in 10 trading sessions on Thursday, according to a research report by JPMorgan (JPM).The Wall Street bank estimated that spot bitcoin ETFs saw $358 million of redemptions yesterday, according to a Friday report, with just one, BlackRock’s iShares Bitcoin Trust (IBIT) attracting a net inflow. IBIT gathered in a net $125 million, the bank observed. In contrast, Fidelity’s FBTC saw net outflows of $166 million, leading the redemptions, the report said. Other major contributors included the Grayscale Bitcoin Trust (GBTC) -$107 million, ARK 21Shares Bitcoin ETF…

Ethereum’s recent rally may be losing momentum as exchange inflows rise and derivatives data point to softening market support. Nearly 100,000 ETH, or about $250 million, were deposited into Binance in two sizable waves, as per a July 1 analysis by CryptoQuant contributor Amr Taha. These deposits, which usually indicate larger exchange reserves, may result in selling pressure if market sentiment shifts. Taha also observed that the gap between Ethereum spot price and the open interest on Binance was growing. Since June 26, ETH has shown steady buying in the spot market, reaching three consecutive local highs above $2,500. However,…

The probability of a spot Cardano (ADA) exchange-traded fund (ETF) being approved has surged as investors await a decision from the Securities and Exchange Commission (SEC). Specifically, market-implied odds for a 2025 approval have risen to 64%, representing a 54% increase in bullish sentiment compared to earlier this year, according to insights from the betting platform Polymarket. This spike in optimism comes as the SEC approaches a key deadline on May 29 to approve, deny, or extend its decision on Grayscale’s proposed Cardano ETF. Notably, ADA ETF approval odds fluctuated throughout Q1 and early Q2. However, recent regulatory developments, such…

Tornado Cash founder Roman Storm has already raised 88% of his $2 million legal defence fund before a US case against him goes to trial on July 14. Storm’s most recent call for legal backing was launched on May 30. It raised $722,000 by June 25, and has since raised a total of $1,753,000, leaving it just $247,000 away from its $2 million goal. The appeal raised almost 52% of the funds in the week following June 25. The Ethereum Foundation also promised to match $750,000 of the funding and appears to have contributed to the overall legal fund. Read…

A transaction involving 6,500 BTC, valued at just over $684.6 million, was recorded on the Bitcoin blockchain earlier today, with both sending and receiving addresses linked to Kraken, one of the biggest exchanges in the U.S. While on-chain data confirms it was an internal transfer between cold wallets, the timing and scale have drawn attention. What drew the attention is that Whale Alert flagged the movement shortly after it was confirmed, describing it as a transfer “from unknown wallet to Kraken.” But that is technically inaccurate as, according to Arkham Intelligence data, the funds never left the exchange’s internal custody.…

Ethereum (ETH) looks set to pump, and the famous cryptocurrency analyst on X, Michael van de Poppe, thinks the cryptocurrency is well-positioned to retest the $3,000 region. In his latest analysis, Van de Poppe shared a detailed breakdown of Ethereum’s daily chart, highlighting the key levels that support his bullish outlook. Let’s get to $3,000 per $ETH. pic.twitter.com/mVVf5f83tG — Michaël van de Poppe (@CryptoMichNL) July 2, 2025 The crypto analyst highlighted how Etherem tested the resistance level between $2,700 and $2,900 multiple times within the past two months. According to Van de Poppe, the tests and retests serve as a…

Sweden-based H100 Group, a publicly-traded health and longevity company that recently adopted a bitcoin BTC$109,879.83 strategy, said it has raised $10.5 million (SEK 101 million) from a group of crypto-focused investors including Blockstream CEO Adam Back, UTXO Management, and several family offices.According to a Wednesday press release, the fundraising was split between SEK 69.65 million in two share issues and SEK 31.35 million in convertible loans. The share issues saw participation from a mix of crypto investors and Nordic family offices. The convertible loans carry no interest and mature in five years. Investors can convert the loans into equity at…

KuCoin, a globally recognized cryptocurrency exchange, has announced that its futures trading platform, KuCoin Futures, has been officially listed on CoinGlass. According to the latest data from the well-known crypto analytics platform, KuCoin Futures now holds the fourth position among all derivatives exchanges worldwide. As interest in cryptocurrency derivatives grows among both institutional and retail traders, CoinGlass has become an essential tool for tracking market performance. Its rankings are based on a combination of key indicators, such as open interest, trading volume, funding rates, and liquidation trends. KuCoin’s strong placement reflects its increasing market activity, deep liquidity pools, and emphasis…

During a recent appearance on a podcast hosted by American entrepreneur Peter Diamandis, Oculus VR founder Palmer Luckey stated that he is a “big time Bitcoin guy.” “I have been from the beginning,” he said, adding that he actually mined Bitcoin during its early days instead of actually buying it. “I have been doing this since before there were any exchanges,” Luckey added. A Bitcoin O.G. Luckey was a member of the legendary BitcoinTalk message board, where Satoshi Nakamoto was interacting with other early adopters. He also sold a banner ad on one of his websites for 700 Bitcoin. It…

Bank of America, one of the largest investment banks in the US, is reportedly working on its own stablecoin. This would represent a major escalation in TradFi’s adoption of the crypto industry. Last month, rumors suggested that the firm would launch a stablecoin with JPMorgan and other partners, but this has not materialized yet. Banking Giants are Entering the Stablecoin Race Over the last few months, the crypto industry has received an unprecedented level of interest from the traditional pillars of finance and government. Since President Trump suggested that stablecoins may play a key role in global dollar domination, these…