Author: NBTC
This is a segment from The Breakdown newsletter. To read full editions, subscribe. “A chain is no stronger than its weakest link, and life is after all a chain.” — William James VanEck explains Strategy The investment case for bitcoin treasury companies can be confusing, so VanEck has done us a service by writing the definitive explainer on the various ways to invest in Strategy (MSTR, STRF, converts). The main vehicle, MSTR, is generally viewed as a leveraged bet on bitcoin, but VanEck details why that’s not exactly correct. Instead, MSTR is a “convexity” bet on the price of bitcoin…
Cryptocurrency analysis company Santiment has announced the crypto assets that have attracted the most attention on social media. According to the updated data released today, the projects that attracted the attention of users included Solana (SOL), Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple USD (RLUSD) and XRP. Here are the most talked about cryptocurrencies on social media today and their details, according to Santiment: XRP (XRP): XRP stands out thanks to its role in cross-border payment solutions, the advantages of the XRP Ledger technology, and Ripple’s corporate partnerships. Among the notable developments is that a China-based company called Webus filed…
India’s Income Tax Department has launched a fresh crackdown on potential tax evasion and money laundering tied to virtual digital assets, including cryptocurrencies. According to government officials and local reporting, the department has identified individuals and entities engaging in crypto transactions who failed to comply with the Income Tax Act, 1961. The Central Board of Direct Taxes recently sent emails to thousands of individuals, urging them to review and update their income tax returns if crypto income was misreported or omitted. The initiative is part of CBDT’s broader NUDGE campaign, aimed at encouraging voluntary compliance. This marks the third NUDGE…
XDC Network is a business-class, permissionless, hybrid blockchain aiming to redefine trade finance and the tokenization of RWAs (real-world assets). On the other hand, Archax is an institutional-focused exchange designed for trading asset-backed tokens like security tokens, digital securities, and many more. The collaboration of these two firms represents a significant move to bridge traditional finance with the Web3 landscape, especially in the sector of RWA tokenization and compliant digital securities. XDC Network Partners with Archax to Deliver MiCA-Compliant Whitepaper, Bolstering Institutional Blockchain AdoptionThis partnership boosts our readiness for EU regulations and solidifies XDC’s institutional strategy as we lead the…
Last week, US-listed spot Bitcoin exchange-traded funds (ETFs) recorded net outflows exceeding $120 million. While the figure reflects continued investor caution, it also represents a slight improvement from the previous week’s larger outflows, signaling a tentative resurgence in bullish sentiment. BTC ETF Outflows Cool After Heavy June 5 Dump According to SosoValue, net outflows from spot BTC ETFs totaled $129 million between June 2 and June 6. The moderation in capital flight suggests that while some institutional investors remain wary, others may be growing more risk-on sentiment. Total Bitcoin Spot ETF Net Inflow. Source: SosoValue Last week, the heaviest single-day…
XRP price could see a long-term positive impact from new DeFi and staking opportunities being introduced by Flare Network and its partners, according to a new analysis of the token’s expanding utility. These fundamental developments, which introduce yield-generating capabilities to the asset for the first time, are being closely watched by analysts for their potential to drive new demand for XRP. Despite a cautious short-term market, the new infrastructure from Flare and a key partnership with the digital asset platform Uphold are set to significantly increase the use cases for XRP beyond traditional payments. Flare Network Unlocks New Yield for…
This is a segment from The Drop newsletter. To read full editions, subscribe. FC Barcelona, the Spanish soccer club Forbes values at $5.65 billion, is releasing a wallet for its upcoming NFTs called Barça.Pass as part of its digital strategy. Anyone with a Barça ID can now claim a wallet and will ultimately be able to use it to create an FC Barcelona avatar NFT, customize the character with official merch, and collect other types of digital items in anticipation of an upcoming FCB mobile racing game. Crypto infra firm Futureverse set up the Barça Pass. Futureverse CEO Aaron McDonald…
The persisting crypto market bloodbath has lured many crypto holders into serious states of panic. Renowned sports betting firm SharpLink appears to be unmoved by the market downturn, as it has shown courage with a bold dip buy on Ethereum, as disclosed by on-chain data provider Lookonchain. According to the data, SharpLink purchased a massive 176,271 ETH tokens around the mid-hours of June 13, sparking debates among market participants. The huge Ether accumulation happened when ETH was trading at an average price of $2,626 per token, causing the company to spend a total of $462.95 million on the purchase, including…
The National Commercial Bank Jamaica Limited (NCBJ) is forging ahead with plans to improve the state of digital payments for the Caribbean nation. According to a report by the Jamaica Observer, the NCBJ, Jamaica’s largest commercial bank, has unfurled a raft of initiatives to improve digital payments adoption. The bank shared the plans at an investors’ briefing, underscoring the need to reduce cash usage in the island nation. The bank says it is building its digital payment solution to bolster its existing network. While details around the payment network remain under wraps, there is rising speculation that the bank will…
This is a segment from The Drop newsletter. To read full editions, subscribe. A crypto wallet made by Magic Eden, its subsidiary Slingshot, and the TRUMP memecoin team called Trump Wallet is facing scrutiny from the US President’s sons. The wallet’s reveal — which began as a leak after crypto researcher and critic Molly White spotted it online — spurred an announcement from Magic Eden yesterday confirming the Trump Wallet’s existence, calling it an “official $TRUMP wallet.” The marketplace promoted the upcoming wallet as “the first and only crypto wallet for true Trump fans.” Magic Eden CEO Jack Lu also…