Author: NBTC
Bitwise CIO Matt Hougan said the “megatrend” of public companies adding Bitcoin (BTC) to treasury reserves will continue accelerating as the movement is still in its early stages. Hougan made the statement during a June 10 interview on CNBC, where he highlighted that 79 listed firms now hold roughly $57 billion worth of Bitcoin as of March-end. Drivers and limits of adoption Corporations have historically placed surplus cash in short-term Treasuries or bank deposits to store value. However, Hougan argued that unprecedented deficits and money creation now push finance chiefs to seek an alternative store of value. He said: “They…
RESOLV, the governance and rewards token of the Resolv decentralized stablecoin protocol, is off to a strong start, up 25% on its first day of trading. The token currently trades at a $48 million market capitalization and a $340 million fully diluted valuation (FDV). RESOLV Market Cap The newly launched token is the Resolv protocol’s third, after the USR stablecoin and RLP, or Resolv Liquidity Pool. The latter is an overcollateralized insurance fund that backstops USR’s dollar peg. USR can be staked for stUSR, which currently has a seven-day yield of 4.8%, according to Resolv. As RLP is riskier, it…
2025 has been a rollercoaster year for Ethereum. After plunging 45.3% in Q1, ETH rebounded with a 34.9% gain this quarter, including a staggering 41.1% surge in May—the highest monthly return of the year. But June has started on a quieter note. So far, ETH is down 2.61%, and market momentum appears weak. Still, a whopping $2 million call option bet is shaking up sentiment—hinting at a potential breakout by month’s end. $2 Million Ethereum Bet Fuels Bullish Sentiment According to reports, a high-stakes trader spent $2 million in premiums to buy 61,000 ETH call options, set to expire at…
Circle, the largest United States-domiciled stablecoin issuer, had an explosive first day of trading as it launched its initial public offering (IPO), rocketing to a peak of over $103 from an IPO price of $31. This increase in stock price values Circle at approximately $20 billion. This increase, besides suggesting that Circle could have priced its IPO higher, also leads to an interesting comparison with one of the earlier major US public offerings, Coinbase. Read more: Circle vs. Tether: What’s in the reserves? Coinbase didn’t use an IPO but instead had existing shareholders sell directly, with an initial reference price…
Cardano founder Charles Hoskinson recently shared new insights during an AMA on the potential impact of the upcoming Midnight initiative. According to Hoskinson, Midnight could become the largest economic event in the Cardano’s history. He outlined a vision where Midnight, combined with Bitcoin and Cardano, creates a “triumvirate” capable of solving deep financial system challenges. Midnight’s Ambition Midnight is designed to facilitate cross-chain transactions and DeFi activities by leveraging advanced cryptographic techniques. According to Hoskinson, if users are willing to tolerate high fees and longer transaction finality, they can already perform Taproot-style transactions using SNARKs to move assets between chains,…
XDC Network, an enterprise-grade Layer 1 blockchain launched by XinFin in 2017, celebrates its 6th year since mainnet launch and 8 years of powering real-world blockchain adoption. Recognized for enterprise ready in trade finance, payments, and asset tokenization, the network has established itself as a resilient and enterprise-integrated protocol in the evolving blockchain ecosystem. Since going live on June 1, 2019, the XDC Network has recorded over 801 million transactions, 89 million blocks, 261 validator nodes, and 178,000 smart contracts, highlighting its active developer base and long-standing uptime. With a strong focus on scalability, security, and interoperability, XDC continues to…
Bitcoin price started a fresh increase above the $107,500 zone. BTC is now struggling to clear $110,500 and might correct some gains. Bitcoin started a fresh upward move above the $108,000 zone. The price is trading above $107,800 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $109,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if it clears the $110,000 resistance zone. Bitcoin Price Corrects Gains Bitcoin price started a fresh increase after it settled above the $105,500…
AAVE’s recent price action demonstrates remarkable strength, climbing another 3.8% over the past 24-hour period and now up 25% since Monday. The token broke through key resistance at $311.50 with exceptional volume, suggesting potential for continued upward movement. This technical breakout was supported by significant fundamental developments in the decentralized finance (DeFi) space. The U.S. Securities and Exchange Commission on Monday held a roundtable discussion about the sector with key figures participating. There, SEC Chair Atkins suggested exploring regulatory exemptions for DeFi firms, spurring optimism for DeFi’s future. Market analysts remain optimistic about AAVE’s long-term potential, with some setting targets…
Ethereum has officially broken below its 200 EMA on the daily chart, a level it has defended since February 2025. This technical breach is a notable shift in ETH’s market structure and could be the start of a deeper correction many investors are not prepared for. After weeks of consolidating within a narrow ascending channel, ETH has finally slipped out, falling sharply below the key 200 EMA (black line). This line often acts as a long-term trend indicator, and breaking beneath it signals that Ethereum may be entering a more prolonged corrective phase. Adding to the pressure is the sharp…
USDC issuer Circle, which made its whirlwind of a New York Stock Exchange debut yesterday, has already topped the high it set on Thursday. Around 1pm ET on Friday, CRCL reached a high of $123.51—just 49 cents shy of fully quadrupling its IPO price. The stock is already trading 44% higher than its $83.23 close at a current price just shy of $120. It’s a strong follow after the company tripled its $31 IPO price on its opening day. As of this writing, the company has reached an intraday market capitalization of $21.7 billion after closing the books on its…