Author: NBTC

Tom Lee devoted a six-post thread on X yesterday to a single proposition: if companies treat Ethereum (ETH) the way MicroStrategy treats bitcoin, the token price need only follow the mathematics of balance-sheet absorption to reach roughly $30,000. Lee’s argument rests on the mechanics he says really powered MicroStrategy’s spectacular equity rerating. From 11 August 2020 through today the software company’s shares climbed from $13 to about $455, a 35-fold gain. Only eleven of those thirty-five turns came from bitcoin’s own rise—roughly $11,000 to $118,000 in the same period—while twenty-five turns were created by “treasury strategy,” Lee wrote, meaning repeated…

Payments remain the biggest use case of XRP Ledger, with weekly payments on the network increasing by more than 430% in less than two years. Data from Dune Analytics shows that weekly payment transactions on the network moved from around 1.5 million in 2023 to over 8 million in 2025. This represents almost 60% of the 14.1 million weekly transactions on the network. XRPScan data also supports this, showing that the daily payment transaction for July 1 was almost 967,000 for July 1 out of the total 1.53 million transactions on the network. Payments dominate XRPL activity (Source: Dune Analytics)…

Key Takeaways Tornado Cash co-founder Roman Storm is on trial for money laundering and sanctions violations, with proceedings expected to last three weeks. The judge ruled the defense can reference privacy but barred appeals to broader constitutional rights, limiting arguments around the “right to privacy.” Tornado Cash cofounder Roman Storm secured a partial courtroom victory Friday, as a federal judge ruled he can present arguments about privacy motivations during his ongoing criminal trial, though not under the banner of a constitutional “right to privacy.” The trial began this week and is expected to last three weeks. According to a report…

A recent post by an anonymous Twitter user @TOOFAANARMY alleges that WazirX, one of India’s top crypto exchanges, transferred over 55.25 million XRP (valued at approx ₹1,500 crore) to Binance and other wallets between February 2023 and July 2024, just before the alleged ₹2,000 crore hack. The tweet claims the XRP originated from a wallet tagged rPPbi1iNXmvY9HmJ9sH9g4gxvgVEfN4NaZ, sparking fears of insider foul play or hidden activity. The user implies that these massive pre-hack transfers were suspicious and possibly linked to the aftermath of the WazirX exploit. Coinpedia’s Fact Check: WazirX CEO Responds To verify the claims, Coinpedia reached out to…

Texas is very likely to become the second US state with a Bitcoin Reserve, now that SB 21 passed the final House reading. Only the governor’s signature stands between it and becoming a law, and he has signaled his support. Despite recent setbacks, pro-crypto legislative efforts in the US are looking strong. Texas adopted language from New Hampshire’s successful effort, and future bills could do the same. Texas Might Have a Bitcoin Reserve by June 2 Just yesterday, Texas’ state legislature overwhelmingly voted to approve a state-level Bitcoin Reserve. This follows months of preparation, representing a continued level of enthusiasm.…

The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new post on X, Glassnode has talked about an Ethereum indicator from its joint report with cryptocurrency exchange Coinbase. The metric in question is the “Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as a whole are holding right now. The metric works by going through the transaction history of each coin on the network…

USDT dominates stablecoins with 62.54% market share and highest trading volume. DAI leads mid-tier stablecoins in volume despite similar market cap to USDe. Smaller stablecoins show low volume, indicating limited market adoption. The stablecoin market remains a main element within the crypto industry, accounting for a total market capitalization of approximately $257.46 billion as of July 1, 2025. Representing 7.81% of the entire crypto market capitalization, stablecoins continue to serve as a major role in trading, liquidity provision, and as a bridge between traditional finance and digital assets. Recent data compiled by Phoenix Group shows a detailed view of the…

The Senate Agriculture Committee will consider President Donald Trump’s nominee for chair of the Commodity Futures Trading Commission, Brian Quintenz, as lawmakers weigh a broader shift in crypto regulation that could dramatically expand the agency’s role. The committee is scheduled to review Quintenz’s nomination during a July 21 hearing, ahead of a full Senate vote regarding his appointment expected next week. His confirmation would come at a pivotal moment as Congress debates the Digital Asset Market Clarity (CLARITY) Act legislation. The legislation aims to establish a clear regulatory framework for the digital asset industry and designate a primary supervisor. Quintenz,…

Are you an MKR holder on Binance? Get ready for a significant update! Binance, one of the world’s leading cryptocurrency exchanges, has just announced a pivotal development concerning the Maker (MKR) token. This isn’t just a simple update; it’s a complete transformation as MKR prepares for its rebranding and a crucial token swap to Sky (SKY). Understanding the details of this Binance MKR swap is essential for all users. What Exactly is the Binance MKR Swap and Rebranding? Binance has officially confirmed its full support for the upcoming Maker (MKR) token swap and its exciting rebranding to Sky (SKY). This…

Russia is preparing to impose new restrictions on cryptocurrency miners, including stricter punishments for violating existing bans and illegal mining activities. One of the proposed measures will allow authorities to remotely disconnect crypto mining facilities from the grid during periods when demand for electricity is at its highest. Russian government readies tougher rules for miners The Ministry of Energy in Russia has been tasked to finalize regulations for those involved in the extraction of digital currencies, the Interfax news agency reported, following a recent meeting of the Cabinet of Ministers in Moscow. According to a report issued after the meeting…