Author: NBTC

The FTX Recovery Trust has officially frozen creditor payouts in 49 jurisdictions where crypto activity is restricted or banned, citing the need for legal confirmation before proceeding. The move was disclosed in a July 2 court filing and primarily affects regions such as China, Nigeria, Fiji, Andorra, and Zimbabwe. While these jurisdictions account for only 5% of total allowed claims, a staggering 82% of the frozen value originates from China alone. Due to local laws in these regions, FTX is facing regulatory uncertainty over whether it can legally distribute funds to residents. What Happens If Users Are From These Jurisdictions?…

Geopolitical tensions and shifting trade dynamics are pushing Asian nations toward gold, yuan, and crypto. Bitcoin increasingly benefits from Asia’s accelerating shift away from the US dollar, as geopolitical tensions, trade weaponization, and financial instability prompt a monetary realignment. Bitcoin, Gold Gains Ground as Asia De-Dollarizes Fast Alongside gold and the Chinese yuan, Bitcoin (BTC) is emerging as a key asset in a broader de-dollarisation push across Asia. According to experts, this trend reflects the move toward a multipolar financial order. More closely, a growing number of Asian economies, including Singapore, Indonesia, Japan, and India, are reducing their dependence on…

Ethereum continues to exhibit limited upward price movement despite earlier gains last week. Over the past seven days, the asset has gained only 0.3%, while it declined 0.2% in the past 24 hours. At the time of writing, Ethereum is trading at $2,436. Notably, the ongoing lack of momentum reflects broader hesitation in the crypto market, even as institutional activity and whale behaviors provide structural support for price levels. Ethereum Whales Accumulate, Retail Traders Remain Inactive In a recent market insight shared on CryptoQuant’s QuickTake platform, on-chain analyst Banker described Ethereum’s current phase as a “deadlock.” According to him, the…

A whopping 260 million Dogecoin (DOGE) just left Robinhood, a major U.S.-based brokerage platform, as became known thanks to blockchain transaction data. The total value of the transfers was just over $57 million when they happened. Most of the transfer — 210 million DOGE, about $46 million — went to an unlabeled wallet. A second transfer happened soon after, moving another 50 million DOGE to the same address. In total, the final destination address currently holds around 420 million DOGE, making it one of the bigger wallets on the Dogecoin network, with a value close to a stunning $92 million.…

Describing current practices for taxing digital assets as “outdated,” Wyoming Senator Cynthia Lummis today introduced a new bill that aims to modernize cryptocurrency taxation. With this move, Lummis has brought the crypto-friendly regulations he has been advocating for a long time back to the Congressional agenda. The Republican senator’s new bill is almost identical to provisions President Donald Trump tried to include in his “One Big Beautiful Bill Act” reconciliation package earlier in the week, but those provisions were not included in the package and were not put to a vote during the vote. “We cannot allow outdated tax policies…

Binance Futures, one of the leading platforms in the crypto derivatives markets, continues to expand its trading range. Binance Futures Launches BULLAUSDT and IDOLUSDT Perpetual Futures The exchange announced that it will launch USDⓈ-margined perpetual futures contracts on the BULLAUSDT and IDOLUSDT trading pairs in an effort to enhance user experience. The starting dates of the new futures contracts are as follows: BULLAUSDT Perpetual Futures Contract: As of July 4, 2025, 12:00, it will be traded with a maximum leverage of 50x. IDOLUSDT Perpetual Futures Contract: Will be offered as of July 4, 2025, 12:15, again with a maximum leverage…

Cryptocurrency analyst and trader Justin Bennett is warning that Bitcoin (BTC) faces the risk of correcting by double-digit percentage points if a key support level crumbles. In a new strategy session, Bennett tells 63,300 subscribers of the Daily Price Action YouTube channel that Bitcoin is showing signs of a potential bearish reversal. According to Bennett, the support “level to watch” for Bitcoin is $106,000. On how low Bitcoin could go if the $106,000 support level breaks, Bennett says, “As far as targets go, if we do get that confirmed breakdown… …we do have this pocket back here that looks appealing.…

With his criminal trial just weeks away, Tornado Cash co-founder Roman Storm is speaking out and denying any wrongdoing. In a recent interview with Crypto in America, Storm said the U.S. government is prosecuting him for writing open-source code, not for any actual criminal conduct. Facing three felony charges, including conspiracy to commit money laundering and conspiracy to violate sanctions law, federal prosecutors allege that Tornado Cash, founded by Storm and two others, was used to launder more than $1 billion in illicit funds, including money linked to North Korea’s infamous hacker group Lazarus. Storm denies knowingly facilitating criminal activity.…

Ethereum price started a fresh increase from the $2,375 zone. ETH is now back above $2,550 and struggling to clear the $2,620 barrier. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $2,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,550 zone in the near term. Ethereum Price Regains Traction Ethereum price started a fresh increase from the $2,375 zone, like Bitcoin.…

Wednesday’s auction of 10-year U.S. Treasury notes undermined the narrative that investors are moving away from U.S. government debt, the bedrock of global finance, and pouring money instead into bitcoin BTC$107,582.35 and gold. Thursday’s sale of $22 billion of 30-year bonds may provide further clues to investor confidence in the fiscal policies of U.S. President Donald Trump since he initiated the global trade war in early April and help signal whether the notes are losing their shine as the premier fixed-income instrument backed by the deepest liquidity and low credit risk. At the June 11 auction, demand for the $39…