Author: NBTC

Australia is known for its crypto-friendly environment, but recent legal developments may completely change how Bitcoin is taxed in the country. Bitcoin Reclassification: Major Legal Update In May 2025, a significant ruling by Victorian Magistrate Michael O’Connell in a Bitcoin theft case suggested that Bitcoin could be recognized as Australian currency, not property. This landmark statement has sparked intense debate across the crypto community and tax authorities. Adrian Carter, a co-defendant in the case, said: “It was held that Bitcoin is Australian money. That is, it is not a CGT asset. Therefore, acquisitions and disposals of Bitcoin have no tax…

Bitcoin’s price slipped to $101,579 today, down 3.5% in 24 hours and 4.5% over the past week, as nearly $1 billion in leveraged crypto positions were liquidated across major exchanges. The decline coincides with an intensifying political feud between Elon Musk and US President Donald Trump—an unusual but material factor spooking markets and triggering investor exits. Nearly $1 Billion Liquidated as Market Reacts to Political Volatility According to liquidation data, a total of $964.84 million in positions were liquidated over the past 24 hours, with $877.17 million of those being long positions. Bitcoin accounted for $243.29 million of the total,…

Ethereum is facing strong downward pressure after losing its bullish grip near the $2,900 mark earlier this month. The broader market downturn, combined with rising liquidation activity and a weakening technical structure, has pushed ETH back below critical levels. Both price action and on-chain metrics suggest a cautious outlook in the short term, with the next few sessions likely to determine whether ETH stabilizes or heads for deeper corrections. By Shayan The Daily Chart The daily chart shows a clear bearish breakdown from an ascending channel that had been developing since early May. This pattern played out with high precision,…

After Bitcoin (BTC) broke all-time high price records in a row, Bitcoin and altcoins have experienced a decline in the last week, especially with the issue of rising customs duties in the US. However, a large number of token unlocks are expected in many altcoins in the new week, and the market may react unexpectedly to them. Here is the token unlock calendar that we, as Bitcoinsistemi.com, have prepared especially for you. (All times are stated as UTC+3 Türkiye time) Orbs (ORBR) Market Value: $99.88 million Token Amount to be Opened: $3.11 million (3.12% of Market Value) Date: June 2,…

Earlier this week, the GENIUS Act passed the Senate vote with bipartisan support, marking the first major crypto bill to be adopted by the US. But when will it become a law? When does the stablecoin bill come into effect? Here’s a summary of the next steps to come for the GENIUS Act to become the official stablecoin law of the US. Passing the House of Representatives The bill now goes to the House, which has two main paths: Adopt the Senate version swiftly, avoiding delays. Or advance the STABLE Act, its own stablecoin bill, then reconcile differences through a…

Around 30,700 Bitcoin options contracts will expire on Friday, June 6, and they have a notional value of roughly $3.2 billion. This week’s event is much smaller than last week’s end-of-month expiry, so the impact on spot markets is likely to be minimal. They have already tanked by $150 billion over the past twelve hours. Crypto Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 0.76, meaning that there are slightly more long contracts expiring than shorts as sentiment cools. There is also a max pain point of $105,000, around $2,000 above current spot prices,…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Just one coin has ever come close to flipping bitcoin, around this time, eight years ago. In June 2017, bitcoin was in the final stages of warming up for a historic push to nearly $20,000 by Christmas. Altcoin prices were wacky. Bitcoin would be flat one week, while coins like BitShares would jump massively, by 250%. Others, like Stratis and DigiByte, were down up to 50% in the same period. Ethereum, meanwhile, was poised for an explosion in token projects. One study calculated that $7 billion…

Cardano price has slipped in the past few weeks, and the sell-off may continue after it dropped below key support levels and as whales started to capitulate. Cardano (ADA) price dropped for five consecutive days, reaching a low of $0.65, its lowest level since May 8. It has dropped by over 21% from its highest point in May and by 50% from its November 2024 high. On-chain data shows that Cardano’s investors have started to capitulate. According to Santiment, the number of ADA holders has dropped to 4.49 million, down from 4.55 million at the highest point in May. More…

The U.S. political landscape just turned pro-crypto — and it’s already making waves in the stablecoin market. Following Donald Trump’s win over Kamala Harris in the presidential race, the new administration wasted no time pushing forward its crypto-friendly agenda. As promised, Trump has launched multiple pro-crypto policies, including the creation of a special SEC task force focused on building a clear regulatory framework for cryptocurrencies. Now, the spotlight is on the GENIUS Act — a landmark stablecoin bill that could redefine the future of digital finance in America. What Is the GENIUS Act? Stablecoins are digital assets pegged to fiat…

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is down -3.52% today against the US Dollar BTC/ETH increased by 4.13% today Bitcoin is currently trading 23.81% below our prediction on Jun 10, 2025 Bitcoin gained 6.71% in the last month and is up 42.02% since 1 year ago BTC price is expected…