Author: NBTC
A new House bill introduced Friday would lock in President Trump’s unprecedented executive order establishing a Strategic Bitcoin Reserve, signaling the GOP’s deepening embrace of digital assets as fiscal and geopolitical leverage tools. The bill, H.R. 3798, sponsored by Rep. Tim Burchett (R-TN), aims to codify Executive Order 14233, signed by Trump. The order halted federal Bitcoin auctions and directed agencies to consolidate BTC holdings under Treasury’s management. If enacted, the legislation would ensure the long-term existence of a U.S. Bitcoin reserve and a Digital Asset Stockpile for seized altcoins, shielding the program from future repeal. “It’s time we treated…
Ethereum is experiencing a pullback and could hit back to test $2,400 before a possible upward correction. The accumulation of whales indicates high confidence in the future of Ethereum by investors. Inflows into Ethereum ETFs jumped last week, with an additional $528 million, totaling more than $10 billion in assets. Ethereum’s price has faced a pullback following its inability to overcome the price ceiling of 2,600 to times of consolidation. Michaël van de Poppe, a prominent market analyst, predicts that the current price behavior represents a possible resurgence based on low support levels at roughly 2,400. The retracement in Ethereum…
Mary Daly, who runs the San Francisco branch of the Fed, said on Friday that while the latest inflation figure brings some “relief” to Americans, the central bank isn’t done yet. The comment came during her appearance on Maria Bartiromo’s Wall Street on Fox Business, where she was talking about the 2.1% rise in April’s personal consumption expenditures (PCE) price index, which is the Fed’s preferred inflation measure. It was the slowest annual increase in four years. “That’s good relief for American consumers,” Mary said, but she also warned that this number doesn’t tell the whole story. “It’s an incomplete…
Just past midnight, a single transaction moved 2.86 trillion SHIB tokens valued at $36.6 million into Coinbase Institutional. The tokens came from a wallet previously unlinked to any major exchange, triggering alerts across blockchain tracking platforms. Blockchain data shows the sender address — “0x2E2…AaEf” — had been holding a SHIB-heavy portfolio before offloading the bulk of it. The wallet still holds over 30 billion SHIB but is now largely emptied of its largest asset. The receiving address is tied to Coinbase Prime, the institutional wing of the U.S.-based crypto exchange. These wallets are commonly used by hedge funds, market makers…
In a joint motion Ripple seeks reduced fine from $125 million to $50 million and lifted restrictions to end long lawsuit. Bill Morgan highlights that Judge Torres previously rejected similar motion, a new filing addresses past concerns more directly. Meanwhile, SEC must update court on June 16, whether settlement progress or continue with legal appeals ahead. A new motion in the Ripple vs. SEC lawsuit could finally bring the case to an end. Ripple and the SEC have requested that the court modify Judge Torres’ previous orders—but not everyone agrees with the logic. Pro-XRP Lawyer Bill Morgan shared his thoughts,…
Court Gives WazirX Until June 20 To Submit Final Restructuring Plan For Approval. Users Might Only Receive Partial Refunds, Not The Entire Amount Lost In 2023 Hack. However, accepting Payout Means Users Could Lose Legal Rights To Sue WazirX In Future. WazirX users who lost their funds in the 2023 hack might soon get some relief, but not the full amount. After the court rejected its first proposal, WazirX has submitted a new plan to return a partial portion of the lost money. The final decision is expected by June 20. So, what’s going on, and why won’t users get…
In recent months, Ethereum (ETH) reserves on Layer 2 (L2) networks have plummeted, with the overall ETH balance dropping by approximately 25%. ETH on Optimism has fallen by as much as 54% since March, while Arbitrum and Base have seen declines of 17% and 14%, respectively. What is driving this decline? The chart from The DeFi Report clearly illustrates this trend, particularly since early 2025, when major L2 networks like Optimism and Base have witnessed significant ETH withdrawals. According to analyses, the weakening prices of native Ethereum L2 tokens are a critical factor. ETH reserves on L2 networks have plummeted.…
Bitcoin broke new records in recent weeks, exceeding $111,000. However, BTC, which has withstood the subsequent pullbacks well, is now moving within a certain range. At this point, while the expectations for an increase are decreasing, the question of “Will there be a summer rally in BTC and altcoins?” comes to the fore with the arrival of the summer months. Analyzing the current state of Bitcoin, QCP Capital said that investors have postponed their rally expectations to September. Analysts stated that Bitcoin volatility has decreased as the market shows signs of fatigue, and that volatility has reached yearly lows as…
The Ethereum price is attempting a rebound after reclaiming the $2,620 level, but several overhead resistances and weak volume momentum continue to cloud short-term direction. Despite a strong bullish impulse from local demand zones, the broader structure remains neutral within a tightening range. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) The Ethereum price today is hovering around $2,628, up over 3 percent in the past 24 hours. This recovery emerged after price bounced from the $2,517–$2,540 accumulation block, which Smart Money Concepts marked as a recent liquidity grab and EQH breakout zone. This Ethereum price update suggests…
Stablecoins were the headline story at Bitcoin 2025 this week in Las Vegas, not Bitcoin. The three-day event, which pulled in a crowd of 35,000, saw major political names and crypto executives focusing heavily on dollar-pegged tokens, not the coin that started it all. According to CNBC, what dominated the stage was a growing political alliance pushing legislation to bring stablecoins into the core of US financial power. Vice President JD Vance showed up to deliver a full public endorsement of the space, becoming the first VP to speak directly to Bitcoiners. “I think it’s wrong, actually, to call this…