Author: NBTC
A growing share of Bitcoin’s circulating supply is now concentrated in the hands of major institutional players and centralized entities, a new report by Gemini and Glassnode reveals. According to the findings, over 30% of Bitcoin’s supply is now controlled by just 216 centralized holders across six key categories, including crypto exchanges, ETFs and funds, publicly traded companies, privately held firms, DeFi protocols, and government bodies. 216 entities hold over 6 million Bitcoin These entities collectively hold about 6.1 million BTC, valued at roughly $668 billion. This figure represents an almost tenfold increase in institutional Bitcoin ownership over the past…
Solv Protocol, a well-known Bitcoin ($BTC) staking forum, has announced the effective integration of its $SolvBTC token into Lista DAO, a popular lending protocol with more than $1B in TVL. The collaboration between Solv Protocol and Lista DAO focuses on starting lending market of the $SolvBTC/$USD1 pair on BNB Chain. The platform took to its official social media account to reveal this development. We’re excited to announce that @lista_dao, one of the largest lending protocols on @BNBCHAIN with over $1B in TVL, has integrated SolvBTC.With SolvBTC – #USD1 pair, you can now:🔹 Collateralize SolvBTC🔹 Borrow USD1, the stablecoin issued by…
Ether ETH$2,510.16 has rebounded firmly from key support near $2,460, recovering losses and stabilizing above the $2,500 threshold amid broader market volatility. The rally follows a higher low formation backed by above-average volume, signaling growing market confidence. Institutional participation appears to be reinforcing the trend, with BlackRock’s ETHA ETF reporting $492 million in net inflows last week. Total holdings now exceed $4.84 billion, reinforcing long-term bullish sentiment even as price action remains sensitive to geopolitical developments. Traders are watching to see if ETH can challenge resistance in the $2,520–$2,530 range. Technical Analysis Highlights ETH traded within a $72 range over…
Stocks are in recovery mode after the latest jobs report beat expectations, while Tesla regained some of its losses. U.S. stock indices rebounded on Friday, June 6, following stronger-than-expected jobs data. The Dow Jones rose 300 points, or 0.7%, while the S&P 500 gained 0.75%. At the same time, the tech-heavy Nasdaq climbed 0.97%, with major indices buoyed by encouraging figures on U.S. employment. According to Friday’s report, U.S. employers added 139,000 new jobs, lower than the revised April figure of 147,000 but still ahead of expectations. Meanwhile, the unemployment rate held steady at a relatively low 4.2%. Overall, the…
After Binance has officially announced the upcoming listing of the Pump.fun ($PUMP) token on its platform, the cryptocurrency community is abuzz with anticipation. Many are also wondering if and how the upcoming token sale will impact the market movements. Specifically, Pump.fun, a popular Solana-based meme coin launchpad, is set to debut its native token, $PUMP, on Binance, starting June 13, 2025, when the exchange will rename the ticker PUMPUSDT to PUMPBTCUSDT, according to a post published by Binance on June 10. Furthermore, as the exchange explained, Binance Futures will then list USD-margined PUMPBTCUSDT perpetual contracts with up to 50X leverage…
Hong Kong’s new stablecoin law demands full backing by cash or government bonds only. No more empty promises: stablecoins must be 100% backed by reliable, real-world assets. The law takes effect August 1, creating a safer digital asset system for Hong Kong. The Hong Kong government has just approved a set of rules that will make sure every stablecoin in the city is backed by real money, like cash in the bank or government bonds. This means no more risky promises or unclear deals—just a clear, safe way to handle digital dollars. Here’s what it’s all about! Hong Kong’s New…
Binance, the world’s largest cryptocurrency exchange, continues its altcoin announcements. At this point, Binance recently announced that it has listed the altcoin Resolv (RESOLV) both on Binance Alpha and in the futures. “Binance is excited to announce that Resolv (RESOLV) will be available for trading on Binance Alpha starting June 10, 2025 at 1:00 PM (UTC). Additionally, Binance Futures will launch the RESOLV/USDT Perpetual Contract with up to 50x leverage starting on 2025-06-10 13:30 UTC. Binance is the first platform for Resolv (RESOLV) and is now available for trading on Binance Alpha and Binance Futures. To celebrate this launch, there…
BNB Chain has launched a bold initiative that redefines what a hackathon can be. Dubbed simply BNB Hack, this event is an evolved version of the successful BNB AI Hack, which began in February 2025. But now, the scope is broader, the tracks more ambitious, and the opportunities more valuable. Let’s break down everything you need to know… A Hackathon Without Deadlines Most hackathons push developers into a tight 48- or 72-hour sprint, only to burn out participants and leave most projects abandoned. BNB Hack breaks that mold. It’s open year-round, allowing builders to submit when ready. Winners are announced…
The team behind a new currency converting browser extension says it wants to give skeptical online shoppers a better understanding of the crypto world by allowing them to instantly “price the internet in bitcoin (BTC).” Launched earlier this week by news and content platform Truth for the Commoner (TFTC), Opportunity Cost uses CoinGecko data to detect and convert online prices to BTC, sats, or a combination of both, in real time while protecting your privacy. Writing on TFTC’s website, the project’s creator and TFTC founder, Marty Bent, explains: “As someone who’s been writing a newsletter and producing podcasts about BTC…
Altitude, a DeFi lending platform, has opened its collateral-optimized lending service to the public following an eight-month private beta phase, based on information disclosed to Finbold on Friday, June 13. The platform enables automated strategies for efficient collateral management in lending and borrowing activities. During the beta testing period, Altitude attracted over $5 million in total value locked (TVL) from whitelisted participants. The platform is designed to help users manage onchain borrowing while maintaining optimal capital efficiency and preventing under-collateralization. Automated rebalancing features Altitude offers automated rebalancing capabilities, adjusting borrowing positions based on collateral price movements for assets like Bitcoin…