Author: NBTC

President Donald Trump’s crypto task force has finished its 180-day review of digital asset policy and will release the report publicly on July 30, capping a six-month window by President Donald Trump’s newly formed digital assets task force. “America is now leading the way on digital asset policy,” Bo Hines, executive director of the Presidential Working Group on Digital Asset Markets, tweeted on Wednesday. “With the GENIUS and CLARITY Acts now law, the President’s Working Group report is expected to tie everything together, right from token classification and stablecoin oversight to market integrity, digital asset taxation, and, most importantly, enforcement…

Crypto investment firm QCP Capital announced in its analysis report that Bitcoin experienced a short-term correction after surpassing the $120,000 level and is currently finding support around $115,000. QCP Capital: Bitcoin Pulled Back After Surpassing $120,000, But Market Still Structurally Strong As summer approaches, a seasonal decrease in trading volume is observed in the cryptocurrency market. Another key point highlighted in the report is the 10% depreciation of the dollar index since the beginning of the year. This paves the way for strong performance in dollar-denominated assets, particularly Bitcoin. QCP Capital also noted that Ethereum has recently outperformed Bitcoin. This…

Ethereum outpaces Bitcoin in weekly spot trading volume for the first time in over a year, signaling rising market interest in ETH. ETF inflows, record open interest, and falling exchange reserves point to growing institutional confidence in Ethereum’s long-term outlook. Ethereum has just made a major move for the first time in over a year, as its weekly spot trading volume outpaced Bitcoin’s. Between July 14 and 20, Ethereum recorded $25.7 billion in spot trades, while Bitcoin followed slightly behind at $24.4 billion. This unexpected flip has sparked fresh speculation: is an altcoin season quietly brewing? Ethereum vs Bitcoin: Changing…

The Cardano Foundation released last week its 2024 Financial Insights Report directly on the Cardano blockchain using its newly launched tool, Reeve. This marks the first time the Foundation takes advantage of on-chain infrastructure to publish verifiable financial data. The 2024 report notes that $29.2 million was allocated across Cardano’s (ADA) three core focus areas, including adoption, operational resilience, and education, up from $19.2 million in 20223. An additional $7.1 million was allocated toward operational capacity, supporting governance, infrastructure, and legal efforts. As of year-end, the Foundation held $659.1 million in assets, mostly denominated in ADA, and generated its primary…

The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has once again stirred debate, with many in the crypto community frustrated about how long it’s taking to wrap up. Even though experts believed the case was close to ending, recent online chatter shows that there’s still confusion, disagreement, and delays ahead. On social media platform X (formerly Twitter), users began venting their frustration. One user sharply criticized Judge Analisa Torres, who is overseeing the case, saying she continues to delay the final steps. But legal experts say it’s not that simple. Former SEC Lawyer…

Bulgaria’s 2018 sale of over 213,500 Bitcoin, now worth more than its entire public debt, sparks renewed discussion on crypto as a strategic reserve asset. The decision to liquidate these holdings reflects broader governmental challenges in managing volatile digital assets amid regulatory uncertainty and fiscal pressures. Alex Obchakevich of Obchakevich Research emphasizes Bitcoin’s volatility as a key factor complicating its use as a stable reserve, highlighting the need for diversified strategies. Bulgaria’s Bitcoin sale highlights the complexities of crypto reserves, with experts urging diversified holdings and strategic long-term approaches amid regulatory challenges. Bulgaria’s Bitcoin Sale: A Case Study in Crypto…

The NFT market just posted its strongest weekly performance in months, with sales volume soaring 41% to $221.5 million amid a broader crypto shakeup. Ethereum (ETH) led the charge, and blue-chip collections like CryptoPunks—up nearly 590%—have reclaimed dominance. While transaction counts dipped slightly, the number of buyers and sellers surged, signaling renewed interest across blockchains like Solana (SOL), Binance Coin (BNB), and Bitcoin (BTC). Summary CryptoPunks has reclaimed its position as the dominant NFT collection with a 590% surge The NFT market posted its largest weekly gain in months with 40% growth to $221.5 million in total sales volume All…

Ethereum (ETH), which experienced a major rally after Bitcoin’s $123,000 ATH, has experienced a decline in recent days. While the general rise in Ethereum is expected to continue where it left off, one analyst said that ETH may be heading towards an unstable period in the near term. Markus Thielen, an analyst at 10X Research known for his successful predictions, said that Ethereum is at risk of a near-term decline. Thielen noted that increasing borrowing rates on the ETH network could create ripple effects throughout the Ethereum ecosystem. The analyst stated that with the increasing interest in Ethereum, the cost…

Two MIT-educated brothers have failed to get fraud charges dismissed in court in connection with a $25 million cryptocurrency theft from the Ethereum blockchain. US District Judge Jessica Clarke denied a motion to dismiss by Anton and James Peraire-Bueno on Wednesday, stating the government adequately alleged their conduct met the criteria for fraud. The federal government charged the pair in May 2024 with executing a fraudulent scheme, whereby they exploited a vulnerability on the Ethereum network to steal $25 million of cryptocurrency from “victim traders.” “Taking the government’s allegations as true, which the court must do at this stage, the…

Disclaimer: The analyst who wrote this article owns shares in Strategy. Jim Chanos, the founder of Kynikos Associates who famously shorted U.S. energy giant Enron before it collapsed in 2001, has set his sights on Strategy (MSTR), arguing the bitcoin -buying company’s premium valuation over its holdings of the largest cryptocurrency is unjustified. Chanos has placed a bet against Strategy’s stock by shorting it while maintaining a long position in bitcoin itself, aiming to profit if the company’s premium valuation shrinks. In shorting, a trader borrows stock, sells it and hopes the price falls enough for them to buy it…