Author: NBTC
After a volatile start to June, the Bitcoin price today is consolidating just under a major resistance cluster as traders assess whether bulls have enough momentum for a sustained breakout. As of writing, Bitcoin price is hovering near $105,470, recovering slightly from intraday lows around $105,168. This cautious rebound follows recent rejections near the $106,000–$106,500 supply zone, keeping BTC trapped between key trendlines. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) Looking at the 4-hour and daily charts, Bitcoin price action appears to be caught between opposing pressures. While BTC has reclaimed higher lows since the May rebound…
In a significant move signaling a strategic pivot towards the cutting edge of digital finance and technology, UK-listed TAO Alpha PLC has announced securing a substantial convertible loan. This funding injection is set to propel the company’s ambitious shift, particularly focusing on a new Bitcoin strategy and broader crypto expansion within the burgeoning decentralized AI landscape. What’s Driving TAO Alpha’s Pivot? The core of TAO Alpha’s recent announcement revolves around a £5 million (approximately $6.8 million) convertible loan. This financial maneuver, reported by Investing.com, underpins a fundamental change in the company’s direction. Historically, the company’s focus may have been elsewhere,…
Leading analytics platform Messari has released a new report on Cardano, highlighting key developments in the ecosystem in Q1 2025. One of the main highlights was Cardano’s transition to decentralized governance, marked by the enactment of its on-chain Constitution on February 24, 2025. This represents a significant milestone in the Voltaire era, with CIP-1694 now fully implemented. Governance has officially shifted to the community through a structure involving Stake Pool Operators (SPOs), a Constitutional Committee, and over 1,220 active Delegated Representatives (DReps). ADA Sees Price Decline, Market Cap Shrinks Despite the major governance transformation, ADA experienced a challenging quarter financially.…
In a recent tweet, renowned trader Peter Brandt, who has over 40 years of experience in the commodity trading business, shared Bitcoin and gold charts. The message he communicated to the crypto community is that he believes gold is currently copying Bitcoin’s last year’s breakout chart. Bitcoin is showing direction to move for gold The legendary trader believes that gold is using a classical pattern called “an expanding inverted triangle” to compare the current gold price trajectory to that demonstrated by Bitcoin in 2024. Brandt made a disclaimer, saying that he could certainly be wrong about this. However, this chart…
SEOUL, June 18 (Reuters) – South Korea’s central bank governor said on Wednesday he was not against issuing won-denominated stablecoins but had concerns about managing capital flows. “Issuing won-based stablecoin could make it easier to exchange them with dollar stablecoin rather than working to reduce use of dollar stablecoin. That in turn could increase demand for dollar stablecoin and make it difficult for us to manage forex,” Rhee Chang-yong told a press conference in Seoul. Stablecoins, a type of cryptocurrency designed to maintain a constant value – typically pegged 1:1 to the U.S. dollar – are widely used by crypto…
Singaporeans are increasingly buying altcoins like XRP as the asset’s adoption spreads across the nation and other APAC countries. This data came from a recent report from Independent Reserve, Australia’s oldest and largest cryptocurrency exchange. The 2025 edition of its annual crypto index (IRC) Singapore exposition shows that XRP’s dominance is on the rise. The survey, conducted by Milieu Insight Market Research and mentioned in a tweet by SMQKE, drew data from 1,500 Singaporeans, attempting to aggregate the broader perception of the nation’s residents towards cryptocurrencies. This year’s report shows that XRP is becoming a household name among the nation’s…
Representatives from multiple universities met with the US Securities and Exchange Commission’s (SEC) Crypto Task Force on June 23 to discuss a staking rulebook. The meeting included representatives from the University of California, Berkeley School of Law, Georgetown University Law Center, the University of Chicago Law School, and venture firm Placeholder. According to the logs, the discussions focused on narrow definitions, economic guardrails, and open-source requirements when it comes to staking digital assets. Mutual-funds approach The delegation worked under the Blockchain and Law at Berkeley (BLAB) banner and requested that the SEC certify the term “staking” only for products that…
Earlier today, 10,500 BTC — worth over $1.1 billion — was moved from Bitfinex’s hot wallet to a new Bitcoin address. On its own, the transaction would have caught people’s attention. But when Tether CEO Paolo Ardoino confirmed that the transfer was part of the pre-funding for SoftBank’s entry into Twenty One Capital (XXI), the quiet flow of recent on-chain activity snapped into context. This was not a one-time thing. In the last 48 hours, a bunch of high-value Bitcoin transactions — 14,000 BTC; 4,812 BTC; 7,000 BTC and another for 917 BTC — have been sent to new wallets,…
On June 18, Tether minted $1 billion worth of USDT on the Tron blockchain, according to on-chain data from Arkham Intelligence. Historically, such minting events have coincided with short‑term surges in Bitcoin (BTC). Notably, on May 21, when Tether issued $2 billion USDT, the next day BTC broke its previous all‑time high, climbing past $111,000. While minting alone doesn’t guarantee immediate impact, the available on-chain data reveals that major spikes in USDT supply often translate into large inflows to exchanges. How will the mint affect Bitcoin price Research suggests that Bitcoin often reacts positively in the short term following large…
In the past 10 hours, a total of 121.96 billion SHIB tokens were moved out of a Coinbase hot wallet. Valued at approximately $1.93 million at the time of transfer, this sum landed in a new, unidentified address with no other notable transaction history. The wallet that received the funds, which now holds just over $1.81 million in Shiba Inu (SHIB), has not made any other moves so far. At this point, it is unclear whether this is a long-term holding address, part of an OTC arrangement, or a staging point for something else. What stands out, however, is the…