Author: NBTC
Bitcoin is trading at $105,332 today with a market capitalization of $2.09 trillion and a 24-hour trade volume of $42.12 billion. The price range over the past 24 hours has fluctuated between $105,042 and $107,528, indicating relatively narrow intraday movements as momentum weakens across multiple timeframes. Bitcoin Bitcoin’s daily chart indicates a weakening uptrend with a sharp reversal after touching highs near $112,000, followed by significant volume on the sell-off—characteristic of distribution. The recent candlestick patterns reflect a bearish engulfing formation, often signaling a broader downtrend. Price is hovering around $106,000, within a key support range of $104,000 to $105,000,…
Over the past 24 hours, Ethereum has rejected from its $2,550 resistance zone, triggering a structural breakdown. This region includes the 0.618 Fibonacci retracement, the point of control, and a major high time frame resistance level that has held for more than a week. If momentum fails to return, Ethereum may be setting up for a deeper rotation toward $2,220. Ethereum’s (ETH) recent attempt to push beyond $2,550 has once again failed, reinforcing this level as a key battleground for bulls and bears. The rejection has resulted in a short-term market structure break and the formation of a new local…
This is a segment from the Empire newsletter. To read full editions, subscribe. Franklin Templeton is introducing intraday yield to Benji users. Basically, investors can “own a tokenized security for part of the day, transfer it to another investor, and still earn yield for the period they were a shareholder.” Franklin Templeton’s Roger Bayston explained: “To actually splice the day, to be able to do that, opens up market opportunities and things like collateral markets, where money may be moving in and around multiple times a day, but as long as you’re in Benji, you can earn the interest for…
Anza, the Solana blockchain infrastructure company spun off from Solana Labs, has proposed a new proof-of-stake consensus called Alpenglow. Alpenglow consists of Votor, which handles voting transactions and block finality logic, and Rotor, a data distribution protocol that will replace Solana’s proof-of-history timestamping system and aims to reduce the time it takes for all nodes to agree on the state of the network. According to Anza’s researchers, Alpenglow will break latency limitations, achieving finality in about 150 milliseconds, rivaling the infrastructure of the Internet. Votor, which will replace TowerBFT, will aim to finalize blocks in a single round if 80%…
CEO of Custodia Bank Caitlin Long stated that the infamous Operation Choke Point 2.0 is very much still alive, contrary to what Vice President J.D Vance said in his speech about the crypto industry. In a recent interview, Caitlin Long criticized J.D Vance’s speech back on May 28 when he declared that “Operation Choke Point 2.0” is dead. The CEO of crypto-friendly Custodia Bank disagreed with his statement, stating that it was an exaggeration. According to Long, the statement is inaccurate due to the fact that despite major advancements made in the U.S. crypto industry under Trump, a lot of…
Backpack halted trading for scheduled maintenance at 10 a.m. UTC on July 3 and reopened two hours later, but the restart triggered account errors that forced CEO Armani Ferrante to promise reviews and compensation. Backpack had warned users on X that the platform would go offline at 10 a.m., enter post-only mode at noon, and resume full trading at 12:10 p.m. The post-only window lets customers place or cancel maker orders but blocks taker activity. When spot and perpetual markets came back online, several users reported abnormal balance changes and order reversals. A Brazil-based trader, identified as Defi Remora, wrote…
Ding ding ding—we have a winner! A solo miner bagged a reward of 3.173 BTC ($349,028) by mining Bitcoin block number 903,883 late Thursday night. Winners like this don’t come around often; in fact, one expert says an underdog this small will only win every eight years on average. Thursday night’s lucky winner was identified as using Solo CK, a non-profit service that enables Bitcoin miners to attempt to mine solo blocks. By using Solo CK, the miner paid a 2% fee but avoided the overhead required to run a high-end Bitcoin mining rig. “Congratulations to miner bc1q~9sj3 with…
James Wynn, the high-profile on-chain trader infamous for massive directional bets and equally massive liquidations, is once again back at the center of crypto’s perpetuals casino. After publicly declaring his exit from leverage trading earlier this month, on-chain data shows Wynn has now opened a fresh $50 million long position on Bitcoin (BTC), a striking reversal from his earlier stance, and one that puts him back in the line of fire. According to data tracked via Arkham and Hyperliquid, the new BTC position sits at 437 BTC with 40x leverage, valued at just over $46.1 million at an entry price…
The Ether price surged to $2,601 on July 2, capping a breakout that began after 16 hours of tight consolidation, according to CoinDesk Research’s technical analysis model. The move coincided with growing institutional focus on Ethereum’s emerging role as a platform for tokenized financial products, as well as continued momentum in spot ETF inflows. On June 30, Robinhood confirmed via X that it is building “Robinhood Chain” on Arbitrum to “power the future of asset ownership.” While the company did not specify a timeline for launch, its decision to build on Ethereum’s leading Layer-2 solution reinforces the network’s position at…
The recent wave of companies adding bitcoin to their balance sheets has not yielded universally positive results. Semler Scientific (SMLR), a medical technology firm that pivoted into bitcoin treasury strategy, has seen its stock fall over nearly 50% in 2025 to nearly the level it was at a bit more than one year ago when it first began to accumulate BTC. The company’s premium to its net asset value (NAV), often referred to as multiple-to-NAV (mNAV), has dropped below 1x. On a basic share count basis, its market cap sits at approximately $420 million compared to bitcoin holdings valued around…