Author: NBTC

Bitcoin holders have increased their profit-taking activity since the cryptocurrency’s price averages flashed a key bullish signal two weeks ago. BTC’s 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross – a technical indicator signaling bullish long-term momentum, according to data from TradingView. On the same day, bitcoin’s price hit a record high above $111,000, according to CoinDesk data. Still, holders are increasingly locking in gains rather than holding for further upside, according to on-chain data tracked by Glassnode. “Entity-adjusted realized profit spiked above $500M/hour three times in the past 24 hours,…

World Liberty Financial (WLFI), a Trump family-backed DeFi platform, has partnered with Re7 Labs to launch a vault for its USD1 stablecoin on Binance’s BNB Chain. How a Simple Vault Could Unlock Billions in Crypto Liquidity The collaboration, announced on June 27, will deploy USD1 on Euler and Lista, decentralized lending and trading protocols. This vault aims to scale USD1’s utility within the BNB Chain ecosystem, enhancing capital efficiency and transparency in decentralized finance (DeFi). USD1 market cap according to defillama.com metrics. Re7 Labs, the innovation arm of London-based Re7 Capital, brings technical expertise to the initiative. Re7 Capital recently…

A closely followed crypto analyst says that Ethereum (ETH) has to break through one resistance level to ignite a bull rally. In a new thread, crypto trader Rekt Capital tells his 549,100 followers on the social media platform X that Ethereum needs to reclaim the area around $2,500 as support before ETH can mount an explosive move to the upside. “After holding the orange circled area for about six full weeks, Ethereum ended up following through on the blue circled scenario. Still, this orange box is the macro range low ($2,200), and price needs to effectively reclaim around $2,500 to…

Sberbank has launched Russia’s first Bitcoin-secured bonds to appeal to qualified investors in OTC markets and aims to list on the Moscow Exchange. The bonds provide an investment in the price fluctuations of Bitcoin as well as the strength of the US dollar against the ruble. All transactions are settled in rubles without needing a crypto wallet or foreign platform access. The largest banking institution in Russia, Sberbank, has issued the first Bitcoin-backed structured bonds in the country. These securities are sold to accredited investors and can already be traded over-the-counter (OTC). The bonds will be listed on the Moscow…

SOL Strategies has accumulated more than 389k Solana coins through leveraging capital markets in the recent past. The preliminary base shelf prospectus allows the company to raise $1B in the next 25 months. SOL price has signaled bullish sentiment following a robust rebound in the past few weeks. SOL Strategies Inc. (CSE: HODL), a Vancouver-based company focused on the growth and development of the Solana (SOL) network, announced that it filed a preliminary short-form base shelf prospectus with the securities regulators in Canada to issue up to $1 billion in securities over the next 25 months. The company intends to…

Ethiopia has seen a rise in power concerns attributed to crypto mining activities amid the boom in the country’s cryptocurrency industry. According to reports, the crypto mining and data center industry in the country is expected to consume a third of the country’s electricity supply in 2025. This forecast has raised issues about the allocation of energy in a country where half of the population still lacks access to reliable power supply. According to the newly released Ethiopian Energy Outlook 2025, electricity demands from crypto-related data centers will exceed eight terawatt hours (TWh) this year, which is equivalent to about…

A new AI model out of China is generating sparks—for what it does well, what it doesn’t, and what it might mean for the balance of global AI power. MiniMax-M1, released by the Chinese startup of the same name, positions itself as the most capable open-source “reasoning model” to date. Able to handle a million tokens of context, it boasts numbers on par with Google’s closed-source Gemini 2.5 Pro—yet it’s available for free. On paper, that makes it a potential rival to OpenAI’s ChatGPT, Anthropic’s Claude, and other U.S. AI leaders. Oh yeah—it also beats fellow Chinese startup DeepSeek R1’s…

Bitcoin’s price is still struggling to regain its upward momentum following the establishment of a new all-time high above $111,000 last week. Today, Bitcoin trades below $106,000 with a current trading price of $105,381, marking a 1.2% increase in the past day and a 5.8% decrease from its peak. The current movement suggests a cooling-off period as traders and analysts monitor for potential market reentry points. Despite the price retreat, the mood across the market remains relatively stable, with the Crypto Fear & Greed Index still hovering in the neutral zone. This suggests that the market is yet to enter…

Ethereum price today: $2,420 Ethereum spot and derivative markets have experienced slow movement, with investors exhibiting less buying activity over the past few days. Ethereum has seen growth in network usage despite prices remaining range-bound. ETH faced rejection at the $2,500 level after posting an inverted hammer. Ethereum (ETH) is down 1% in early trading hours on Friday, as market activity remains cautious following low realized profit and loss, along with steady open interest. Despite this, Ethereum’s network usage has rebounded, with transaction counts rising from 1.23 million to 1.75 million on Wednesday, spurred by an increase in active addresses.…

Marshall Long, an OG bitcoiner, recounted how he had to resort to stablecoins to send a remittance to a worker’s family in Iran. Long noted that stablecoins, rather than bitcoin, are more useful during times of strenuous conflict due to the availability of fiat ramps. Stablecoins, Not Bitcoin, Completed This Tricky Remittance A story posted on social media highlighted the relevance of stablecoins over bitcoin as wartime tools for remittances. Marshall Long, an OG bitcoiner and current Director of Product Development at Auradine, shared how he had to resort to stablecoins to complete remittances to Iran, a country embroiled in…