Author: NBTC

USDC issuer Circle was buoyant in pre-market trading Friday, climbing above $236 ahead of the opening bell. That put it ahead of the $235 price target set by Wall Street research firm Seaport Global, which initiated coverage of the company today with a buy rating. But once the bell rang, the company’s stock, which trades on the NYSE under the CRCL ticker, settled and is currently changing hands around $228, or 14% higher than its previous close. Seaport announced that it was initiating coverage of Circle on Friday, before markets opened. The firm’s analyst Jeff Cantwell called the stablecoin issuer…

Rumble Cloud, the infrastructure arm of the video platform Rumble, has announced a new collaboration with TRON DAO, one of the largest decentralized autonomous organizations. Specifically, the partnership aims to bolster internet decentralization by combining TRON’s blockchain ecosystem with Rumble Cloud’s censorship-resistant infrastructure and scalable computing power. Rumble Cloud to Support TRON’s Infrastructure Goals Notably, as part of the initial phase of the partnership, Rumble Cloud will provide TRON DAO with access to its cloud services. These include a comprehensive suite of tools such as virtual machines, object and block storage, load balancing, and private cloud capabilities. The company positions…

According to data provided by analytics platform CryptoQuant, there has been a substantial uptick in Ethereum inflows to accumulator addresses. Notably, the largest spike in inflows took place in June 2025. This massive increase dwarfed the activity from the previous year. However, it should be noted that the ETH price has barely budged despite the massive accumulation spike. This could potentially indicate that whales are accumulating tokens on the cusp of another price rally. The accumulation spikes that took place earlier preceded price rallies, and this trend might continue this time around. The popular altcoin is also benefiting from increasing…

KindlyMD (NAKA), a Salt Lake City-based health-care data firm merging with bitcoin-focused holding company Nakamoto, raised another $51.5 million for bitcoin BTC$104,286.46 purchases, the companies announced Friday.The private placement equity financing round, also known as PIPE, was priced at $5 per share of common stock in KindlyMD. The financing was fully subscribed in less than three days, according to Nakamoto founder and CEO David Bailey. “We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible,” he said in a statement. This fundraising brings the firm’s total capital raise to around…

The U.S. Securities and Exchange Commission (SEC) has formally initiated a review of the WisdomTree XRP Trust, a proposed spot exchange-traded fund (ETF) that would provide investors with exposure to XRP XRP$2.30 . Filed by the Cboe BZX Exchange, the application marks the first formal SEC review of a U.S.-based spot XRP ETF. If approved, it would be the first spot XRP ETF in the U.S. — a milestone that could open the door for similar products across other crypto assets. The product would track XRP’s market price via the CME CF Ripple-Dollar Reference Rate, allowing investors to gain XRP…

Ethereum co-founder Vitalik Buterin acknowledges that Bitcoin is still ahead in certain aspects compared to ETH in the space. He also recognizes that layer 2 still has a lot of room for improvement. On June 4, the Ethereum (ETH) co-founder responded to a thread on X where users were debating on where the protocol’s strengths lie and what it still needs to improve on. Some users believed that Ethereum is already leading the industry in terms of censorship resistance, but not in terms of transactions per seconds. Vitalik Buterin confirmed this, stating that Ethereum is currently in the lead when…

Apart from Bitcoin (BTC) and Ethereum reserves, reserve purchases have recently begun. Among these, Solana and XRP are more popular, while the altcoin Hyperliquid (HYPE) has also attracted attention in recent days. While there has been an increase in interest in altcoins on the institutional front, blockchain infrastructure company Everything Blockchain announced that it will invest $10 million in five altcoins of its choice. According to the official statement, Everything Blockchain announced its plan to invest $10 million in five altcoins, XRP, Solana (SOL), Sui (SUI), Bittensor (TAO) and Hyperliquid (HYPE), which it sees as the five fastest-growing blockchain networks.…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. I spent much of last week running between conference venues and side events during Solana Accelerate in New York City. Conferences tend to be announcement-heavy affairs, and Accelerate didn’t disappoint, bringing major updates on Solana’s core infrastructure, Solana’s phone startup and tokenized equities. And as I pointed out last week, change is in the air. Competition is heating up, and formerly-hyped areas of Solana’s ecosystem are starting to lose their luster. To elucidate some of that potential change, here are four big questions I have after Accelerate.…

A bold bet on BlackRock’s spot bitcoin ETF (IBIT) crossed the tape Tuesday, suggesting expectations for a “moonshot” or rapid price surge in the world’s largest publicly listed fund by month-end. On Tuesday, a trader picked up 3,000 contracts of the IBIT $77 strike call option expiring on June 27, according to data source Barchart.com. The trader paid a total premium of $39,000 for the bullish exposure. A call option gives the purchaser the right, but not the obligation, to buy the underlying asset at a predetermined price on or before a later date. A call buyer is implicitly bullish…

The price of Bitcoin was little changed on Friday as U.S. Federal Reserve Governor Christopher Waller argued that the U.S. central bank could start lowering interest rates as early as July. Bitcoin was recently changing hands at $104,300, flat over the past day and down 0.6% since Israel and Iran began exchanging missile attacks a week ago, according to crypto data provider CoinGecko. Ethereum was flat over the past 24 hours to trade just around $2,500, while Solana ticked up slightly. With inflation running cooler-than-expected in recent months, Waller argued that the central bank has a green light to begin…