Author: NBTC

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…

Arbitrum DEXs have processed over half a trillion in swaps, marking a major milestone in L2 adoption. Key contributors include Camelot, Uniswap, and PancakeSwap, showing strong ecosystem collaboration and network growth. After being touted as the busiest Layer-2 for a long time, Arbitrum has finally hit a round number that has caught the eye of many: over $500 billion in swap volume has been processed by various DEXs on its network. The massive volume reflects user enthusiasm, the abundant liquidity, and the strength of the various DeFi protocols that are rapidly developing on top of it. From Uniswap, Camelot, PancakeSwap,…

Peter Schiff, one of Bitcoin’s most vocal critics, took the stage at the Bitcoin 2025 conference on Thursday and didn’t hold back. During a fiery conversation with journalist Natalie Brunell at the Venetian Convention Center in Las Vegas, the longtime gold advocate dismissed the Bitcoin BTC$107,771.98 community as “a giant cult” and said the digital asset resembles a “memecoin.” Schiff, who rose to prominence as a stockbroker and gold bug, has long argued that bitcoin has no intrinsic value. On stage, he reiterated that claim and pointed to global central banks still accumulating gold — not bitcoin — as evidence…

Ethereum co-founder Vitalik Buterin and researcher Toni Wahrstätter have submitted a new Ethereum Improvement Proposal (EIP-7983) that aims to cap gas usage per transaction. The proposal includes a protocol-level limit where each transaction can use a maximum of 16.77 million gas (2^24). The aim is to increase the network’s resilience against denial of service (DoS) attacks, provide a more stable network structure, and increase predictability in transaction pricing. According to the new proposal, transactions will no longer be able to exceed 16.77 million gas on their own, regardless of the block gas limit set by the network. This limit will…

Trump Threatens 70% Tariffs by Aug 1: Nations must finalize trade deals by July 9 or face steep import tariffs under Trump’s new warning. Crypto Braces for Impact: Global market jitters could first hit crypto, but long-term instability may drive adoption of Bitcoin and stablecoins. A 70% tariff is on the table. President Donald Trump has issued a stern warning: if U.S. trading partners don’t finalize new trade agreements by July 9, they could face tariffs of up to 70% on imports starting August 1. This bold move under Trump’s “America First” policy has already started rattling global markets—and could…

WisdomTree, a $100 billion asset management firm, released a report that singles out XRP as an altcoin suitable for a long-term portfolio strategy alongside Bitcoin. XRP community researcher “SMQKE” highlighted this report in a recent tweet. The report positions XRP not as a speculative asset but as a functional complement to Bitcoin within a diversified crypto allocation. The firm’s research notes that institutional investors are no longer content with exposure to a single mega-cap cryptocurrency. With Bitcoin dominating ETF headlines and media coverage, WisdomTree’s taxonomy identifies XRP as a fitting companion based on its utility, performance, and classification as a…

The Ripple vs SEC case continues to stir up the crypto community, especially on X (formerly Twitter), where new rumours are flying that the long-running lawsuit could finally end today. But according to a former SEC lawyer, those hopes might be a little too optimistic. According to latest rumours, both Ripple and the US Securities and Exchange Commission (SEC) were about to dismiss their appeals and bring the case to a close today. However, Marc Fagel stepped in to clear the air. In a post on X, Fagel said it’s “highly unlikely” that the Ripple case will be resolved today.…