Author: NBTC
USDC issuer Circle, which made its whirlwind of a New York Stock Exchange debut yesterday, has already topped the high it set on Thursday. Around 1pm ET on Friday, CRCL reached a high of $123.51—just 49 cents shy of fully quadrupling its IPO price. The stock is already trading 44% higher than its $83.23 close at a current price just shy of $120. It’s a strong follow after the company tripled its $31 IPO price on its opening day. As of this writing, the company has reached an intraday market capitalization of $21.7 billion after closing the books on its…
Hearings on the Digital Asset Market Clarity Act took place on June 4, 2025. The bill is a bipartisan legislation clarifying the market structure for digital assets. Before the hearings, Democrats accused the Securities and Exchange Commission of withholding crucial info from them while providing it to Republicans. Will the political tensions stall innovation? Table of Contents “The worst technical assistance briefing” What is the Clarity Act? Political tensions continue “The worst technical assistance briefing” The SEC was thought to provide House members with consultations before the hearings. However, according to House Democrats, whose names are not disclosed, they were…
Unicâmbio partners with Ripple to enable fast, trackable cross-border payments between Portugal and Brazil. Ripple’s technology offers Unicâmbio real-time transparency and broad network access for international transfers. Unicâmbio, one of the big names in the Portuguese money exchange industry, has just made a breakthrough. They have officially adopted Ripple Payments, a blockchain-based cross-border payment system that is known to be fast and cheap. This is not just a technology trial, this is a full decision from the company that has been the backbone of remittance services for thousands of Portuguese citizens who have family in Brazil. Customer Spotlight: Unicâmbio, one…
Real-world tokenization project Keeta plans to offer digital asset holders access to credit services, including mortgages and small business loans, through a new platform built for blockchain-native financial identity. With crypto and blockchain adoption on the rise, Keeta Network (KTA) has announced the upcoming launch of PASS, a verified financial identity platform. The initiative is a collaboration between Keeta and SOLO, a credit data infrastructure provider, according to a press release published on June 5. According to the Keeta team, the PASS platform is designed as a bank-grade, blockchain-native credit bureau with features including Know Your Customer, Know Your Business,…
BlackRock’s iShares Bitcoin Trust (IBIT) has officially entered the big leagues. According to new data from Bloomberg Intelligence, IBIT is now one of the 20 most-traded exchange-traded funds (ETFs) in 2025. A chart shared by Bloomberg ETF analyst Eric Balchunas highlights how the ETF landscape has evolved year over year. While well-established funds like $SPY, $QQQ, and $IWM have long dominated the top spots, IBIT’s presence among them signals that institutional interest in Bitcoin is not only real, it’s accelerating. Launched in early 2024 after U.S. spot Bitcoin ETFs received approval from the SEC, IBIT is operated by BlackRock, the…
tBTC’s launch on Starknet marks a significant advancement in bridging Bitcoin with Ethereum’s Layer 2 DeFi ecosystem, leveraging zk-rollup technology for enhanced scalability and security. This integration not only expands Bitcoin’s decentralized finance applications but also sets a precedent for future cross-chain collaborations, potentially increasing liquidity and utility across multiple blockchain networks. According to Threshold Network, the initiative aims to establish tBTC as a decentralized, accessible wrapped Bitcoin solution, reinforcing Bitcoin’s role within multi-chain DeFi infrastructures. tBTC’s integration with Starknet enhances Bitcoin’s DeFi presence through zk-rollup technology, fostering cross-chain liquidity and expanding decentralized finance opportunities. tBTC Integration with Starknet’s zk-Rollup:…
Ethereum (ETH) is currently hovering around the $2,480 mark, and the Rainbow Chart projects the price might drop to a triple-digit or rise to a five-digit range by the end of the month. The chart tracks Ethereum’s historical price performance using a logarithmic regression curve and projects future prices with a color-coded scale divided into nine zones. Each zone represents a different level of market sentiment, from significant undervaluation to intense overvaluation. For June 30, Rainbow Chart projects a price range from $862 to $20,117. The lowest color band, labeled “Fire Sale,” predicts a price between $862.75 and $1,169. This…
In crypto trading, the promise of massive gains often comes with the risk of heavy losses. Over the years, several high-profile crypto traders have made headlines for their bold bets, only to see their fortunes crumble when the market turned against them. From Bitcoin (BTC) to Ethereum (ETH), the crypto market has proven to be a double-edged sword. Millions can be made or lost in just hours, and traders are left to deal with the fallout from their high-risk moves. Here are the stories of three crypto traders who wiped out millions: James Wynn James Wynn, a pseudonymous trader on…
On-chain data suggests institutions are increasingly offloading Lido DAO (LDO), the liquid staking platform on the Ethereum (ETH) blockchain. Over the past month, institutional wallets have transferred approximately 48.48 million LDO, valued at $45.6 million, to exchanges, according to blockchain analytics data retrieved from Arkham Intel on June 10. Among the most recent transactions, Paradigm Capital moved 10 million LDO through a series of deposits to exchanges such as Gate.io, Bybit, OKX, and Binance. These transfers ranged from 500,000 to 1.76 million LDO over the past week and month. This uptick in exchange inflows hints at potential selling pressure, as…
Sen. Cynthia Lummis pushes to include major crypto tax reforms in the GOP’s 2025 spending bill. Proposals include applying the wash-sale rule to crypto and exempting Bitcoin miners from reporting gains. The reforms face mixed reactions as Senate Republicans negotiate with President Trump on the broader bill. Senator Cynthia Lummis (R-Wyo.) is making a strong move to reshape how the U.S. taxes crypto by pushing to include key digital asset provisions in the Senate Republicans’ 2025 tax-and-spending bill. A longtime Bitcoin supporter, Lummis is working with Senate Finance Chair Mike Crapo (R-Idaho) to fold in parts of her bipartisan crypto…