Author: NBTC

The first U.S.-based Solana staking exchange-traded fund (ETF) will begin trading tomorrow. According to Presto Research, the launch will serve as a “litmus test” to gauge institutional investors’ interest in altcoin ETFs and staking. Market reaction to the Solana ETF will reveal whether the underperformance of U.S.-listed Ethereum ETFs is due to Ethereum-specific problems or a lack of interest in altcoin ETFs in general, Presto Research analysts Peter Chung and Min Jung wrote in a note today. “Strong interest in the Solana ETF could indicate that the challenges experienced by Ethereum ETFs are chain-specific and the investment thesis is not…

Bo Hines, Executive Director of the U.S. Presidential Advisory Council on Digital Assets, announced today that President Donald Trump will sign into law the most comprehensive regulation in cryptocurrency history. “This afternoon, President Trump will sign the GENIUS Act, the most monumental crypto legislation in American history. By doing so, we are securing the sovereignty of the dollar, unlocking innovation, and establishing the United States as a permanent leader in the future of digital finance,” Hines said. Yesterday, the House of Representatives overwhelmingly approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, the first major cryptocurrency regulation…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Bane, the Batman villain, was famously born in the darkness. Molded by it. Bitcoin’s deepest darkness was, arguably, the year 2014. Ross Ulbricht had just been nabbed and was awaiting trial. Rolling, related FBI and DEA raids led to numerous high profile bitcoin seizures, including the January arrest of Charlie Shrem for allegedly assisting in the laundering of coins linked to Ulbricht’s Silk Road. Then a meteor struck: Mt. Gox went belly up in February. Gox’s market share had been shrinking, from over 70% in late…

Although the Ethereum price has increased almost twice as fast as Solana in the last month, this superiority may not be permanent. Solana has the potential for greater returns in the long term, according to Adrian Fritz, research director at Switzerland-based asset management firm 21Shares. While Fritz acknowledged that Ethereum is the most secure and decentralized smart contract platform, he said that Solana, as a smaller project, has more room for growth. He noted that the developer community at Solana is constantly striving for better performance. “Ethereum was sitting on a throne, looking down on other Layer-2 projects. Because of…

Publicly traded cannabis company Dogecoin Cash Inc. is launching Dogecoin Treasury Inc, a wholly owned subsidiary that will also maintain a Dogecoin (DOGE) treasury.  The firm, previously known as Cannabis Sativia, Inc., rebranded to Dogecoin Cash in November as it began expanding its operations from cannabis telemedicine and other cannabis products into cryptocurrency and blockchain initiatives. Now with its new subsidiary, the firm is further developing its connections to Dogecoin, using Dogecoin Treasury Inc, to “support the company’s Dogecoin-related development initiatives and assist in the management of digital assets, including DOGE.”  Part of those initiatives include the development of a…

In a significant development for South Korea’s burgeoning cryptocurrency industry, the Seoul High Court has taken a pivotal step towards resolving a substantial tax dispute involving Dunamu, the operator of the nation’s leading crypto exchange, Upbit. This move, recommending mediation in an administrative lawsuit between Dunamu and the National Tax Service, marks a potential shift from protracted legal battles to more pragmatic, negotiated settlements. What does this mean for the future of crypto taxation and regulation in one of Asia’s most dynamic digital asset markets? What’s at Stake for Upbit and Dunamu in This Tax Dispute? The dispute centers around…

Ethereum leads $236M in liquidations, triggering broad market wipeout. Short traders hit hardest, with BitMEX showing nearly 99% short-side liquidations. Binance tops liquidation value, clearing $155M amid leveraged position failures. Over 144,000 traders saw their leveraged positions wiped out over the past 24 hours, with liquidations totaling $545.95 million across major crypto exchanges. Data released by Phoenix Group on July 17 shows Ethereum (ETH) at the center of the event, leading all assets with $236.57 million in forced liquidations. The figures highlight the rapid shift in market sentiment that triggered one of the largest liquidations in recent weeks. Ethereum accounted…

Ethereum (ETH) registered significant improvements in the second quarter, including increased inflows of exchange-traded funds (ETFs), layer-2 activity, and liquidity, which enhance the prospects for the third quarter. According to the “Charting Crypto Q3 2025” report by Coinbase and Glassnode, US-traded spot Ethereum ETFs captured $1.7 billion in net inflows last quarter, overturning the prior period’s outflows. Institutional flows flip positive Furthermore, layer‑2 throughput climbed 7%, while average user fees dropped 39%. This was followed by an 8% increase in liquid supply, while long‑dormant balances shrank 6%. As a result of the improvements seen last quarter, the share of ETH held at a profit increased…

The regulatory clarity for altcoins has helped the Solana network attract more institutional investors. Solana price has faced increased midterm bearish sentiment partly caused by external factors and geopolitical tensions. Solana (SOL) price has signaled a possible further correction after being rejected above $160 earlier this week. The large-cap altcoin, which is heavily incentivized by the mainstream adoption of memecoins and real-world assets tokenization (RWA), dropped over 5 percent in the last 24 hours to trade at about $146.55 on Tuesday, July 1, 2025, during the mid-North American trading session. Institutional Demand Spells Hope for Solana The demand for Solana…

US President Donald Trump signed the cryptocurrency law, the GENIUS Act, live on air. The GENIUS Act, one of the legislative packages the House of Representatives approved on Thursday and focusing on stablecoins, was signed into law by Trump. This development marked the first comprehensive legislation in the US addressing the cryptocurrency market. Economist and author of the Crypto is Macro Now newsletter, Noelle Acheson, described the law as the most important crypto development of the year: “This is the biggest crypto development of the year. It’s significant enough to be mentioned alongside the SEC change. In a country like…