Author: NBTC

Robinhood is making its biggest bet on crypto yet, announcing on Monday that it’s developing an Ethereum layer-2 scaling network for trading digital representations of assets like stocks, while similar products exist already on competing networks like Solana. For Johann Kerbrat, Robinhood’s crypto general manager, the existence of multiple projects is frustrating. Tokenization becomes less beneficial when a digital version of the same stock is issued across multiple networks beneficial because activity is siloed across ecosystems, he told Decrypt.  “I hate the idea of having a Tesla-Kraken token and a Tesla-Robinhood token,” he said. “Instead of actually moving forward and creating…

Analyst and trader Justin Bennett believes Bitcoin (BTC) has further room to fall after the crypto king broke down. Bennett tells his 115,400 followers on the social media platform X that Bitcoin has a “confirmed break” after falling below a support level at around $106,000. According to Bennett, Bitcoin could fall by up to around 13% from the current level to a price of about $91,790 if BTC loses support levels that are around $100,730 and then $97,762. “Those downside targets are in play as long as $106,000 holds as new resistance on the daily time frame.” Source: Justin Bennett/X…

Ether traded around $2,584.90 on July 3, registering a 0.55% gain over the past 24 hours as risk assets responded positively to robust U.S. labor market data, according to CoinDesk Research’s technical analysis model. The broader crypto market, as gauged by the CoinDesk 20 Index (CD20), was up 0.08% during the same period. According to a report published by CNBC, the latest nonfarm payrolls report showed 147,000 jobs were added in June, beating expectations of 110,000 and exceeding the upwardly revised 144,000 from May. Meanwhile, the unemployment rate fell to 4.1%, defying forecasts for a rise to 4.3%, according to…

GameStop shares plummeted on Thursday after the video game retailer announced that it would offer investors $1.75 billion worth of convertible senior notes, a form of corporate debt that Bitcoin-buying firms like Strategy have tapped to accumulate the asset. The Grapevine, Texas-based firm’s stock price had dropped 22% to $22.12, as of noon Eastern Time, according to Yahoo Finance. GameStop shares changed hands around $25.40 in late March, when the company said that it could start leveraging Bitcoin and other cryptocurrencies as treasury reserve assets after updating its investment policy. In a blog post, GameStop said that proceeds from the…

Crypto analyst Atlas has labeled Pi Network as 2025’s biggest rug pull after a 12 million-token dump crashed Pi’s price by 50%. The anonymous sell-off occurred days after Pi surged to $1.60 on speculation, sparking allegations of insider manipulation. Speculation Fueled Pi Network’s Recent Rally An onchain analyst and critic known as Atlas on X has labeled Pi Network as 2025’s biggest rug pull after an anonymous token holder dumped 12 million tokens in a few hours, which crashed the price by 50%. The analyst said the dump occurred just days after Pi rallied to $1.60 “on pure speculation and…

CARV Protocol, an inclusive Web3 infrastructure platform, has started its unique partnership with Cycle Network, an efficient settlement layer for all blockchains. The partnership underscores a notable milestone in transforming the sovereign AI Beings of CARV Protocol and its custom-built CARV SVM Chain to advance the AI-led digital ecosystems and identities. The platform shared the details of this endeavor in a recent X post. As we scale the CARV SVM Chain and the evolution of AI Beings, we’re excited to explore synergies with @CycleNetwork_GO — a universal all-chain settlement layer incubated by @yzilabs.With this partnership, Cycle Network will enable bridgeless,…

The global crypto market printed red indexes over the past 24 hours as Bitcoin (BTC) tumbled below the $104,000 mark. The BTC slide triggered a massive $687 million in trader liquidations, the biggest wipeout seen since February. The cumulative crypto market cap dropped by over 2% to stand at $3.24 trillion. The sell-off got triggered by US President Donald Trump’s reignition of trade war fears by doubling tariffs on Chinese steel and aluminum to 50%. He accused Beijing of breaking a key May agreement. Trump’s aggressive stance sent shockwaves through global markets, raising concerns over economic fallout. Bitcoin bears eye…

Key catalysts include over $1.17B in June spot ETF inflows, $888M stablecoin growth on Ethereum in a week, and shrinking exchange reserves. Large holders accumulated ETH at the fastest pace since 2017, even during price dips. Ethereum (ETH) price is once again showing strength, gaining 6% in the last 24 hours, moving to $2,600. More importantly, today’s ETH rally is accompanied by a 79% increase in daily trading volumes to $27.58 billion. Furthermore, data from Coinglass shows that ETH futures open interest is up 7.56% to $34.4 billion, highlighting a strong bullish sentiment among traders. After a major 45% crash…

A more upbeat macroeconomic backdrop, growing corporate appetite for digital assets, and increased regulatory clarity will fuel a constructive outlook for crypto markets in the second half of 2025, according to a report by Coinbase Research. After a bumpy first quarter marked by a brief contraction in U.S. GDP and trade disruptions, data now point to stronger growth. The Atlanta Fed’s GDPNow tracker has jumped to 3.8% QoQ as of early June, a sharp upgrade from earlier in the year. This shift, alongside expectations of Federal Reserve rate cuts and a less aggressive trade policy, has eased recession fears and…

Over 86M PI tokens withdrawn from OKX spark bullish sentiment amid supply shock and 11.4% price surge in 24 hours. Allegations claim Pi Network Core Team sold 50M PI post-Consensus 2025; community demands transparency. On May 21st, over 86 million PI tokens were withdrawn from the OKX exchange within hours, sparking speculation across the Pi Network community. While many view this as a bullish indicator due to reduced circulating supply, controversy brews as accusations emerge that the Core Team may have sold up to 50 million PI tokens post-Consensus 2025. Currently, PI price is up 11.4% in the last 24…