Author: NBTC

Cryptocurrency analytics company CryptoQuant has reported a notable divergence in $XRP reserves across major exchanges. According to the data, Upbit’s $XRP reserves have fallen to their lowest level since May, while Binance’s reserves remain approximately 200 million $XRP below the peak recorded in March. The amount of $XRP held on Upbit has fallen to approximately 6.43 billion $XRP, reaching its lowest level since May. The exchange’s reserves peaked at approximately 6.515 billion $XRP on May 30th. Accordingly, Upbit’s $XRP balance has decreased by approximately 85 million $XRP, or 1.3 percent, since that peak. Upbit’s $XRP reserves remain at a high…

Bitcoin continued its rise, reaching $67,000, as the ceasefire agreement between the US and Iran supported a recovery in risky assets. However, disagreements persist regarding the short-term direction of the market. Renowned crypto analyst il Capo of Crypto stated that Bitcoin has regained the $65,000 level, and the next critical zone is the $69,000-$70,000 range. The analyst commented, “$65,000 has been reclaimed. The next key level to regain is $69,000-$70,000.” According to market data, Bitcoin continued its upward trend on Monday with the opening of US stock markets, gaining approximately 1.5 percent on a daily basis. Progress in the US-Iran…

Ethereum network is growing stronger even though interest from U.S. investors is still low, according to two new CryptoQuant reports. The reports show that Ethereum use and staking are increasing, but weaker institutional demand and lower exchange activity may slow $ETH’s price growth in the short term. At the time of the analysis, $ETH was trading near $1,900. It stayed within its recent price range, despite major changes happening in the network behind the scenes. Coinbase Premium Shows Weak U.S. Demand CryptoQuant analyst Arab Chain said Ethereum’s Coinbase Premium Index is still negative at -0.0833, meaning $ETH is cheaper on…

What’s Behind the 32% Adoption Score Strategy Inc. (Nasdaq: MSTR) introduced a new index measuring bitcoin adoption across major banks on X on July 13. The accompanying graphic, titled the “ Bitcoin Banking Adoption Index,” placed overall adoption at 32%. CEO Phong Le said adoption of bitcoin and the wider digital-asset ecosystem is gaining speed among large banks and financial institutions, although the sector remains at an early stage. The Bitcoin Banking Adoption Index evaluates institutions across trading, custody, products, margin activity, and leadership. Categories include bitcoin and bitcoin exchange-traded fund (ETF) trading, stablecoins, tokenization, yield products, underwriting, and corporate…

$XRP trades near $1.06, down 2.9% over 24 hours and 8.6% over the past week, as CoinGlass shows $2.43 billion in $XRP open interest, $2.47 billion in 24-hour futures volume, and just $361 million in spot volume. Futures turnover is running roughly 6.85 times spot turnover, and forced liquidations have already erased $9.51 million in $XRP positions over the past day. $XRP sits just above its intraday low near $1.05, only around 5% to 6% above the $1 level markets treat as a psychological floor. A derivatives-heavy market can move fast when forced position-cutting outruns what a thin spot market…

The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction markets firms run by companies such as Kalshi, Coinbase, Polymarket and Crypto.com, issued an advisory on Friday reminding the businesses that they shouldn’t cut corners with far-ranging contract certifications meant to encompass a wide array of events. The agency said that “broad, template-style certifications should not be submitted,” marking the second time in recent months that the regulator has had to warn about overly generalized submissions. Many of the “designated contract markets” regulated by the CFTC “continue to self-certify event contracts” (in other…

Now, after spending a decade in crypto, I believe the most important real-world use case of tokenization, blockchain and smart contracts could be tokenizing weather derivatives and not merely creating a digital warehouse of traditional yield-generating assets such as bonds. Let me explain why. Weather derivatives are financial instruments that pay out when specific climate conditions cross predetermined thresholds. For example, a utility company might buy a contract that pays if winter temperatures stay unusually warm, cutting heating demand and revenue. An airline might hedge against the cost of flight cancellations caused by storms. A farmer in India might protect…

Bitcoin price entered the weekend somewhat battered and bruised, fresh off a gut-punch to $59,000 on June 5 — its weakest footing since October 2024 — and with no shortage of skeptics ready to call the bull market dead. But by Monday morning, the picture looked different. The world’s largest cryptocurrency clawed its way to $66,800 on the day, printing a 7-day low of $60,909 before staging a textbook recovery that carried it through $66,000 and toward the 7-day high of $66,888. The chart told the story of a market caught between fear and conviction: a sharp slide toward $61,000…

Federal prosecutors in Manhattan charged the founder of non-fungible token ($NFT) startup Few and Far with securities fraud and wire fraud. The prosecutors alleged that Taj Tarsha diverted more than $10 million raised from investors into online gambling, cryptocurrency speculation and personal expenses instead of building the company’s marketplace. The 34-year-old raised the funds from at least 67 investors beginning in February 2022 through Simple Agreements for Future Tokens (SAFTs), the U.S. Attorney’s Office for the Southern District of New York said in a statement. SAFTs give a project’s financial backers the right to receive tokens once they are available.…

According to CryptoRank’s market cap fluctuation data, Ethereum Layer 2 tokens experienced widespread double-digit declines over the past month. MEGA leads the downturn at -34.8%, followed by ZK at -27.3%, STRK at -22%, and OP at -19.5%. Those are just the tokens that dropped the most. Nearly all major Ethereum L2 governance tokens took a hit over the last month, even though the overall scaling ecosystem kept growing. Normally, investors expect that more users translate to more activity, and more activity would push token prices up. Transaction counts are up, new apps keep launching, TVL is holding steady, and institutions…