Author: NBTC

Ethereum exchange-traded funds generated more than $726 million in investments on Wednesday, the highest level in their nearly year-long trading history, as the price of their underlying asset rose to its highest level since January. The nine funds have collectively netted $2.3 billion over a nine-day streak of inflows dating to July 3, according to UK asset manager Farside Investors. Ethereum was recently trading just below the $3,500 mark on Thursday, continuing its own recent momentum with a 23% spike over the last seven days. The price gains have been fueled in part by Ethereum treasury firms adding to their…

Cryptocurrency-related stocks soared on Friday as the US House of Representatives passed landmark stablecoin legislation, marking the first major national cryptocurrency law in American history. The Genius Act, which establishes a regulatory framework for stablecoins backed by US dollars and other low-risk assets, is expected to be signed into law by President Trump on Friday. The legislation represents a significant victory for the crypto industry, which has lobbied Congress for years and invested heavily in the 2024 election cycle to support pro-crypto candidates including Trump. Historic Crypto Legislation Passes Congress The Genius Act sets up a comprehensive regulatory regime for…

SHIB-affiliated X account “Shibarium/BONE” (@Shibizens) has shared with the community a short extract from the recently revealed SHIB AI whitepaper authored by the enigmatic SHIB leader Shytoshi Kusama. This whitepaper was released earlier this week. In this document, Kusama does not mince words, painting a picture of the future that hits humanity once AI is firmly integrated into our daily lives, businesses, production and other key areas. It sounds like a gloomy dystopian cyberpunk sci-fi story, but he expects SHIB to be thoroughly integrated in many areas in the future. Kusama claimed that he managed to look in the real…

Remember Terra? Do Kwon’s layer 1 was designed in such a way that its native token, LUNA, worked in tandem with the network’s algorithmic stablecoin, UST. When you minted new UST, you destroyed LUNA tokens (thereby constricting supply), and when you redeemed UST, you created new LUNA (expanding supply). That system worked wonderfully as long as UST experienced great demand — which it did, for a while, thanks to a 20% yearly interest on the coin supplied by Anchor Protocol. But in May 2022, huge selloffs caused UST to lose its $1 peg; market participants rushed to redeem their UST,…

A U.S.-listed exchange-traded fund (ETF) offering leveraged bearish exposure to shares in bitcoin holder MicroStrategy (MSTR) has recently attracted millions in investor money as its prices hit record lows.The Defiance Daily Target 2x Short MSTR ETF, listed under the ticker SMST on Nasdaq, has registered a net inflow of over $24 million since July 11, according to data tracked by VettaFi. The net inflow tallied over $10 million on July 16 alone, the biggest single-day total since March 26. SMST daily net flows. (VettaFi) The inflow likely represents bargain hunting at cheaper valuations. SMST fell to a high-volume record low…

Ether (ETH) extended its climb over the weekend, jumping past $3,770 as capital shifted from bitcoin to major tokens. The move continues a trend that has defined July trading, with slow, steady gains for BTC alongside large breakouts across Layer 1s and decentralized finance (DeFi) tokens. Bitcoin held firm above $117,400, gaining a little over 1% in the past 24 hours. XRP , BNB (BNB), dogecoin and Cardano’s ADA (ADA) showed mixed movements as traders took profits, while Solana’s SOL (SOL) surged 8% to $203, its highest price level since late February.The strength in SOL came as ecosystem player Jito…

NFTs are heating up based on the general hype and price expansion of ETH. Recently, a whale acquired 45 Crypto Punks, boosting the floor price by 20%. A whale acquired 45 Crypto Punk NFTs, boosting the collection’s floor price by 20%. Interest in Crypto Punks spiked for the first time since Yuga Labs sold the intellectual rights of the NFT collection. On-chain data shows the whale spent 2,082 ETH and acquired the NFTs through OpenSea. Based on Nansen data, the wallet is newly created and active since July 18. There are no data of other chains or previous activities linked…

A vast web of companies and securities are tied to the 601,550 bitcoin (BTC) at MicroStrategy. Stretching across the globe from its Virginia headquarters, there are shareholders trading instruments tied to those coins as far away as the Australian Securities Exchange. According to TickerGate, retail investors own over 99% of MicroStrategy (MSTR) common stock. However, the form of their ownership varies wildly. The most basic instrument is MSTR, yet there are countless funds, securities, and derivatives tied to that $71 billion trove of digital gold. As these vehicles proliferate in number and by trading venue, it is illuminating to list…

Peralta recently shared his thoughts on X, explaining why he believes IOTA is uniquely positioned to become the top cryptocurrency in the U.S. He highlighted real-world use cases, suggesting that IOTA’s infrastructure is what the future needs. Jese Peralta, a cryptocurrency enthusiast, recently pointed to an exclusive interview that Coinage conducted with IOTA Co-Founder Dominik Schiener, in which he described the current phase of IOTA as a “rebirth” and made it clear that the project isn’t just entering the U.S. market, but is “planting its flag.” He emphasized the importance of humility and adaptability in the ever-changing world of crypto,…

US President Donald Trump has signed the GENIUS Act into law at the end of a busy week filled with cryptocurrency legislation and regulatory breakthroughs. Following Trump’s move, the White House announced a new step. This time, the White House will release the first comprehensive US crypto policy report, which aims to establish clear rules for digital assets and stablecoins. Accordingly, the report will be announced on July 22. This report will be published as required by Executive Order 14178, which mandates publication within 180 days of the issuance of the relevant decision. As you may recall, Trump signed an…