Author: NBTC
Stocks and crypto lost a little bit of ground on Friday as President Donald Trump accused China of violating a recent trade agreement. Trump says on Truth Social that he had previously decided to make a deal with China because his tariffs were plunging the Asian giant into “grave economic danger.” But according to Trump, his efforts did not pay off, as he says China breached a deal with the United States. “I saw what was happening and didn’t like it, for them, not for us. I made a FAST DEAL with China in order to save them from what…
San Francisco-based fintech giant Ripple has unlocked over $2.2 billion worth of XRP from its escrow accounts. As part of its regular monthly routine, Ripple released 1 billion XRP tokens from escrow for June 2025. At the time of release, the tokens were valued at approximately $2.21 billion. Transaction Details Crypto tracking service Whale Alert flagged Ripple’s latest escrow activity. According to a series of posts on X, Ripple released the 1 billion XRP through three separate transactions. In the first transaction today at 1:42 (UTC), Ripple released 400 million XRP worth around $882.47 million from escrow into its ‘Ripple…
UBS spotlights blistering Senate momentum on a sweeping economic bill packed with permanent tax incentives and trade reprieves, all under crushing pressure to meet July deadlines. UBS Sees Fast-Track Senate Action on Key Economic Bill Amid Trade Reprieves and Deadline Pressure Global investment bank and financial services giant UBS published its Washington Weekly report on June 13, providing a comprehensive update on U.S. legislative and trade developments. The publication, issued by UBS Wealth Management USA and authored by the UBS Editorial Team, examined the progress of the “One Big, Beautiful Bill” as it moves from the House to the Senate.…
Analytical platform CryptoDiffer reported that $1.16 billion worth of liquidations occurred on centralized exchanges (CEXs) over the past 24 hours. Geopolitical tensions, particularly Israel’s military strike on Iran, are widely seen as the main driver behind this sharp surge. The attack caused a stir in the world markets, leading to a sharp drop in Bitcoin’s value and widespread liquidations across major cryptocurrency exchanges. Binance and Bybit Drive 71% of Crypto Liquidations Binance made the largest contribution to the liquidations. Liquidations on the exchange totaled $458 million and constituted 39.48% of the total. Bybit followed close behind, having $376 million, or…
Hive Intelligence has formed a strategic alliance with KaJ Labs Foundation. The partnership will develop the SaaS product (Lithosphere) faster and make use of Hive blockchain analytics with the KaJ Labs Lithosphere product. Bridging Blockchain and AI Through Real-Time Intelligence Hive Intelligence, with its infrastructure specialized in AI agents, offers a solid and easy-to-use API providing real-time multi-dimensional blockchain data. With this new integration, Hive, addressing the latest generation of data feeds, can now be accessed by the Lithosphere, the AI-driven cross-chain network of KaJ Labs, giving it the power to reconsider and respond to on-chain information improvements. The two…
Max Keiser, a former financial journalist and commentator, who is currently a Bitcoin advisor to El Salvador’s president Nayib Bukele, has shared that Bitcoin has seen the first fiat currency crashing to zero against it over the past five years. Turkish lira crashes against Bitcoin This was Turkish Lira and Keiser retweeted an X post of another user with a screenshot of a chart to demonstrate it. Keiser made his frequent statement “Everything goes to zero against Bitcoin” but this time he added: “The Turkish Lira just got there faster.” Everything goes to zero against Bitcoin. The Turkish Lira just…
Ether (ETH) ETH$2,518.60 is trading above $2,540, showing strong resilience in the face of market turbulence fueled by heightened geopolitical risk. After briefly dipping to $2,491.72, ETH recovered swiftly, closing higher on above-average volume and validating key support near $2,500, according to CoinDesk Research’s technical analysis model. Technical indicators suggest renewed momentum, supported by a double-bottom formation and heavy intraday buying near $2,530. ETH open interest stood at $35.36 billion as of 6:05 p.m. UTC on June 16, per CoinGlass data, indicating active institutional positioning. However, U.S.-listed spot Ethereum ETFs saw $2.1 million in net outflows on Friday, ending a…
In a surprising revelation, Ryan Y Yi, a former member of Coinbase Ventures, the investment arm of the U.S.’s largest crypto exchange, Coinbase, has hinted at the possibility of the U.S.- based crypto exchange acquiring Circle, the USDC stablecoin issuer. In an X post, Yi stated that the strategic move would allow Coinbase to capitalize on USDC’s growing importance. According to Yi, Coinbase’s share of USDC circulation has experienced significant growth. As of Q1 2025, Coinbase’s USDC shares had reached around 23% of the stablecoin’s total supply, reflecting rapid growth. Additionally, USDC has become Coinbase’s second-largest source of revenue. Hence,…
In a major development, Cardano Founder Charles Hoskinson has stepped into the growing debate around competition between major blockchain networks. In a space often shaped by division and protocol loyalty, Hoskinson calls for a different approach that favors and strengthens collaboration over rivalry. Hoskinson criticizes growing tribalism in blockchain ecosystems It is worth noting that a recent post on X showed the Cardano founder responding to a recent discussion led by podcast host Kevin W. Smith about the increasing tension between Ethereum, Solana and Polkadot. According to Hoskinson, the digital asset ecosystem is starting to look more like a sports…
Vietnam’s National Assembly has passed the Law on the Digital Technology Industry, a comprehensive legal framework that will formally bring digital assets under strict regulatory control. Passed on June 14 and set to come into force on January 1, 2026, the law is considered a landmark in promoting digital innovation in the nation. Vietnam enacts standalone digital tech law Local publications reported that under the new law, digital assets will be classified into two large groups: virtual assets and crypto assets. Both use encryption and digital technology to authenticate and transfer. However, they also specifically remove securities, digital fiat, and other financial…