Author: NBTC

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the recent crypto ban in Bolivia, pertaining to the use of crypto for energy imports, could backfire in the future. Latam Insights Encore: Bolivia Excludes Crypto From Energy Settlements Let’s analyze the recent moves of the Bolivian government, which has developed a strategy that includes its largest state-owned oil company and cryptocurrency in a context of currency controls and dollar scarcity.. As a way of curbing stablecoin price speculation, President Luis Arce issued an executive…

XRP has experienced price volatility in the past 24 hours, with a decline pushing it to test the $2.15 support level. Amid this volatility, the recent XRP whale transfer could further threaten this critical support if bearish sentiment persists. XRP whale activity adds to bearish pressure According to the Whale Alert update on X, an unknown wallet made two similar transfers in quick succession to Coinbase, a U.S.-based crypto exchange. The XRP whale transferred 26,671,734 XRP in duplicate to the exchange. The value of both transfers in fiat stands at $117,789,302. This large movement from an unknown wallet suggests the…

China’s most popular crypto card payment service, Infini, has declared to shut down all their card services and focusing more on financial management for the future. According to a Telegram notice, starting from June 17 all of Infini’s card payment services will be immediately cease to function. This means that their card-based payment products, such as Global Card, Lite Card, and Tech Card, will be suspended for both offline usage and on the Infini digital app. “We have decided to suspend our card services. Effective immediately, all card functions, will be suspended for both usage and new applications. We sincerely…

The French National Assembly has decided not to discuss the subject of bitcoin mining as a possible destination for the French energy surplus. The recently introduced amendment was rejected on procedural grounds, which means the measure’s intent was not fully discussed. National Assembly of France Dodges Bitcoin Mining Proposal for Now Bitcoin is now being discussed as a high-level state policy in countries like France. The French National Assembly recently considered a proposal that introduced bitcoin mining as a state activity, presenting the possibility of utilizing French energy excesses to mine bitcoin as a state initiative. The proposal, which was…

Ethereum price is currently navigating a critical juncture following a volatile weekend that saw both bullish momentum and short-term exhaustion. As of June 17, Ethereum price today stands near $2,578, showing signs of consolidation after a failed breakout above the $2,650 resistance zone. Traders are closely watching whether ETH can sustain support above $2,510 or face renewed downward pressure. What’s Happening With Ethereum’s Price? ETHUSD price dynamics (Source: TradingView) Ethereum’s weekend rally was sharply rejected at the $2,680–$2,700 zone, a key supply area highlighted in multiple timeframes. The 4-hour chart reveals a breakout attempt from a descending wedge, but the…

Global Dollar Network (GDN) announced the launch of Global Dollar (USDG) issued by Paxos on the Ink Blockchain – Layer-2 blockchain released by Kraken. USDG on Ink provides users and developers a stable asset for transactions, liquidity provision and interactions with many different DeFi applications. Features of USDG serving demanding onchain environments: – Fully backed 1:1: Global Dollar (USDG) is a single-currency stablecoin pegged to the US dollar. USDG is redeemable from Paxos on a one-to-one basis for US dollars. – Trusted and transparent: Paxos publishes monthly reserve reports for all Paxos-issued stablecoins, including USDG, to ensure full transparency and…

Global crypto exchange Binance announced that the Spark (SPK) token will be supported in many products and transaction channels as of June 17, 2025. SPK will be available on Binance Simple Earn, Buy Crypto, Convert, Margin and Futures platforms at specified hours. Binance Adds Spark (SPK) Token to Earn, Buy-Sell, Convert, Margin and Futures Platforms Binance Simple Earn SPK will be added to the Binance Simple Earn platform as a flexible product on June 17, 2025 at 12:00 GMT, and users will be able to start a subscription as of this time. Buy Crypto Within an hour after the SPK…

The total value of Ethereum held by U.S. spot Ethereum ETFs has reached a new all-time high, and dominating the numbers is BlackRock. According to the latest on-chain data, U.S. spot Ethereum ETFs now hold a combined 3.91 million ETH (ETH) in assets under management (AUM), valued at approximately $10.56 billion. The rise in AUM follows a steady streak of net inflows in recent weeks, signaling strong and growing investor interest. Over the past 19 days alone, the funds have pulled in more than $1.37 billion in net inflows, accounting for roughly 35% of their total since inception. Although the…

Tether CEO Paolo Ardoino has disclosed that the company is being prevented from participating in Juventus Football Club’s latest capital increase. In a June 2 post on X, Ardoino addressed mounting inquiries from Juventus supporters who had hoped Tether would provide new capital to help the club sign players and regain its competitive edge. According to Ardoino, Juventus has not permitted Tether to participate in the capital increase process, which began in April 2025. Without this formal approval, Tether cannot inject new funds, regardless of its willingness or financial capacity. He stated: “Tether looks forward to being a part of…

In the latest chapter of the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple has filed a new letter backing a joint request for an indicative ruling from the court. This means Ripple and the SEC are asking the judge to give a signal that they can move forward with a settlement while keeping the original court ruling in place. Ripple made it clear they are not asking the court to change the earlier judgment. In the letter, Ripple said that even if the court removes the specific order requiring them to “obey…