Author: NBTC

A recent report published by Glassnode on-chain data aggregator contains data about the new historic rise shown by Bitcoin-related data. Bitcoin options OI rallies Glassnode has spread the word about a massive increase in Bitcoin options open interest. This metric has spiked to an all-time high, reaching the $46.2 billion level. This signifies a rise by $25.8 billion from recent lows. This extensive increase in Bitcoin options open interest has surpassed the same indicator for Bitcoin futures. Glassnode explained that the big rise in this metric signifies that market participants are growing more sophisticated. Therefore, they require “more advanced hedging…

The price of Ethereum remains in a consolidation phase, but is showing signs of accumulation, which may lead to a bullish breakout. Ethereum (ETH) was trading at around $2,500 at the last check on Saturday, July 5, within a narrow range it has maintained since May. Third-party data shows that whales and Wall Street investors have increased their Ethereum positions in the past few months. SoSoValue shows that spot ETH ETFs added over $219 million in assets this week, continuing a trend that started in May. It was the eighth consecutive week of inflows, a sign that these investors expect…

A lot of major events happened in crypto this week, as the Big Beautiful Bill passed, prompting another split between Elon Musk and President Trump. Robinhood unveiled tokenized stocks and other ambitious goals. The first Solana staking ETF began trading on US markets, but the SEC delayed Grayscale’s altcoin basket product. All these stories and more are available at BeInCrypto. Trump Signs Big Beautiful Bill Into Law This week, a key piece of regulation with big implications for crypto passed, as Trump’s Big Beautiful Bill made it through the Senate and House of Representatives. Although many crypto- and AI-specific provisions…

Donald Trump Jr. has denied viral rumors by crypto influencers that Truth Social — the conservative social media platform tied to former President Donald Trump — is launching a memecoin.Infamous influencer Ran Neuner pushed claims and a viral post on an upcoming Truth Social token, saying it was from the same team as the TRUMP memecoin. “There’s no truth whatsoever about Truth Social launching a memecoin,” Trump Jr. wrote on X late Monday. “Don’t be fooled by false information people are circulating.” There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are…

European authorities are sounding stronger warnings that the growing reliance on USD-backed stablecoins could undermine the euro’s sovereignty and disrupt the financial system. As the popularity of stablecoins surges across the region, officials are under rising pressure to promote euro-denominated digital assets. Currently, most stablecoin activity in Europe is still based on the US dollar. This trend has sparked concern among central banks, regulators, and leading lenders. As the European Union rolls out new crypto regulations, debates over private and public digital options for money are intensifying. US Dollar Stablecoins Fuel European Concerns Recent data underscores Europe’s rapid adoption of…

US President Donald Trump continues to inspire other countries. The latest country to do so is Pakistan. Accordingly, at the Bitcoin 2025 Conference held in Las Vegas from May 27-29, Pakistan announced that it will establish a strategic Bitcoin reserve. Speaking at the conference, Bilal Bin Saqib, the cryptocurrency advisor to the Pakistani prime minister, announced that the Pakistani government will establish a strategic Bitcoin reserve. Bilal Bin Saqib, who is also the CEO of Pakistan Crypto Council (PCC), stated that Pakistan’s decision to go Bitcoin was inspired by the US move to create its own Bitcoin reserve. “Today is…

Ethereum co-founder Vitalik Buterin told CNBC in an interview in Cannes that institutional investors are choosing Ethereum not because of “scalability” or “speed,” but because of its stability and reliability. “Many institutions tell us directly that they prefer Ethereum because it is stable, reliable and does not crash,” Buterin said. According to Buterin, the fact that Ethereum has not experienced a single second of downtime in its ten-year history is a great source of confidence for institutional investors. In his opening speech at the EthCC event in Paris, Buterin discussed the future development direction of the Ethereum network and the…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Standing outside the Clase Azul loft in downtown Brooklyn, I called my mother to inform her I had just spent $2,000 on a bottle of tequila. “Are you drunk?” came her stunned reply. Reader: I was not drunk. I was investing. Two and a half weeks later, I had sold the bottle for $3,000 — courtesy of the blockchain. In early June, BAXUS co-founder Tzvi Wiesel invited me to join him at a Clase Azul private tasting and bottle launch. At the event, the tequila brand’s head…

According to data provided by Lookonchain, a whale recently closed a massive XRP long, choosing to take profits. The market player also chose to abandon his bet on ETH. Overall, the whale has secured a profit of roughly $7.5 million. Lookonchain has cited the recent cryptocurrency market pullback as the reason behind the decision to close these longs. The whale previously opened a 2X long position on XRP, totalling $12 million. As reported by U.Today, the Ripple-linked token experienced a double-digit price increase on Monday, seemingly decoupling from the broader market. It even managed to briefly enter the top 3…

Singapore fines nine banks $21.5M over failures in a $3B money laundering scandal. Crypto assets were among the seized funds, pulling digital finance into the spotlight. MAS tightens crypto rules as part of a broader crackdown on illicit financial flows. In one of the biggest financial enforcement moves in its history, Singapore has fined nine major financial institutions a total of S$27.5 million (US$21.5 million) for failures in anti-money laundering (AML) controls. This comes in the final chapter of a S$3 billion money laundering scandal that rocked the city-state in 2023. The Monetary Authority of Singapore (MAS) confirmed the penalties…