Author: NBTC

Wintermute has virtually no available ETH in its OTC desk, after silent whale accumulation. The fund’s founder Evgeny Gaevoy sounded the alarm on a wave of ETH scarcity. Evgeny Gaevoy, the founder of Wintermute, announced the market maker had ran out of ETH for its OTC desk. there is (clearly) almost no #ETH available for sale on Wintermute OTC desk — wishful_cynic (@EvgenyGaevoy) July 16, 2025 Wintermute follows the general trend of depleted OTC desks, after weeks of silent whale accumulation. Gaevoy’s announcement arrived just as ETH conquered another price level, expanding to $3,446.15. The depleted OTC desk reflects the…

Brandon Lutnick is trying to build his own lane in crypto, not ride on his father’s legacy. The 27-year-old son of billionaire U.S. Commerce Secretary Howard Lutnick flew into Las Vegas in late May with Cantor Fitzgerald bankers to push deeper into crypto during the Bitcoin 2025 conference. Brandon showed up with a new company called Twenty One Capital, backed by Tether Holdings, SoftBank, and the family firm. The goal was direct—buy Bitcoin in bulk and figure out how to build Cantor’s future around it. According to Bloomberg, investors didn’t waste time. Dozens pitched Cantor teams at the Venetian hotel,…

Ethereumand major altcoins have surged over the past week with popular meme coin Dogecoin posting the biggest gains among the top 20 tokens by market value.  DOGE has jumped by nearly 36%, according to crypto markets data provider CoinGecko to recently trade at nearly $0.27 a coin.  The original meme coin and Elon Musk favorite is close to its six-month high, having last traded at this level in mid-February.  Grayscale’s Head of Research Zach Pandl told Decrypt that the surge in interest in the coin stemmed more from investors’ renewed taste for risk than any other factor.  “The gain in…

PNC Bank (PNC) is partnering with Coinbase (COIN) to offer its institutional and banking clients access to cryptocurrency services, the companies said Tuesday. The collaboration will use Coinbase’s “Crypto-as-a-Service” infrastructure to let PNC clients buy, hold and sell digital assets securely. PNC will also provide banking services to Coinbase, deepening the operational ties between the two firms. “Partnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clients,” PNC CEO William Demchak said in a statement. “This collaboration enables us to meet growing demand for secure and streamlined access to digital assets on PNC’s trusted platform.”…

Ethereum exchange-traded funds generated more than $726 million in investments on Wednesday, the highest level in their nearly year-long trading history, as the price of their underlying asset rose to its highest level since January. The nine funds have collectively netted $2.3 billion over a nine-day streak of inflows dating to July 3, according to UK asset manager Farside Investors. Ethereum was recently trading just below the $3,500 mark on Thursday, continuing its own recent momentum with a 23% spike over the last seven days. The price gains have been fueled in part by Ethereum treasury firms adding to their…

Cryptocurrency-related stocks soared on Friday as the US House of Representatives passed landmark stablecoin legislation, marking the first major national cryptocurrency law in American history. The Genius Act, which establishes a regulatory framework for stablecoins backed by US dollars and other low-risk assets, is expected to be signed into law by President Trump on Friday. The legislation represents a significant victory for the crypto industry, which has lobbied Congress for years and invested heavily in the 2024 election cycle to support pro-crypto candidates including Trump. Historic Crypto Legislation Passes Congress The Genius Act sets up a comprehensive regulatory regime for…

SHIB-affiliated X account “Shibarium/BONE” (@Shibizens) has shared with the community a short extract from the recently revealed SHIB AI whitepaper authored by the enigmatic SHIB leader Shytoshi Kusama. This whitepaper was released earlier this week. In this document, Kusama does not mince words, painting a picture of the future that hits humanity once AI is firmly integrated into our daily lives, businesses, production and other key areas. It sounds like a gloomy dystopian cyberpunk sci-fi story, but he expects SHIB to be thoroughly integrated in many areas in the future. Kusama claimed that he managed to look in the real…

Remember Terra? Do Kwon’s layer 1 was designed in such a way that its native token, LUNA, worked in tandem with the network’s algorithmic stablecoin, UST. When you minted new UST, you destroyed LUNA tokens (thereby constricting supply), and when you redeemed UST, you created new LUNA (expanding supply). That system worked wonderfully as long as UST experienced great demand — which it did, for a while, thanks to a 20% yearly interest on the coin supplied by Anchor Protocol. But in May 2022, huge selloffs caused UST to lose its $1 peg; market participants rushed to redeem their UST,…

A U.S.-listed exchange-traded fund (ETF) offering leveraged bearish exposure to shares in bitcoin holder MicroStrategy (MSTR) has recently attracted millions in investor money as its prices hit record lows.The Defiance Daily Target 2x Short MSTR ETF, listed under the ticker SMST on Nasdaq, has registered a net inflow of over $24 million since July 11, according to data tracked by VettaFi. The net inflow tallied over $10 million on July 16 alone, the biggest single-day total since March 26. SMST daily net flows. (VettaFi) The inflow likely represents bargain hunting at cheaper valuations. SMST fell to a high-volume record low…

Ether (ETH) extended its climb over the weekend, jumping past $3,770 as capital shifted from bitcoin to major tokens. The move continues a trend that has defined July trading, with slow, steady gains for BTC alongside large breakouts across Layer 1s and decentralized finance (DeFi) tokens. Bitcoin held firm above $117,400, gaining a little over 1% in the past 24 hours. XRP , BNB (BNB), dogecoin and Cardano’s ADA (ADA) showed mixed movements as traders took profits, while Solana’s SOL (SOL) surged 8% to $203, its highest price level since late February.The strength in SOL came as ecosystem player Jito…