Author: NBTC

As Bitcoin [$BTC] retreated from above $80,000 toward the $60,000 region, trading activity followed a familiar pattern. Instead of rushing into Spot markets, traders increasingly turned to derivatives. Binance Futures volume surged to $39.5 billion and $35.5 billion in early June, following a similar $42.7 billion spike during February’s selloff. Meanwhile, Spot volume recovered only modestly toward $4-5 billion, remaining far below previous peaks above $10 billion. Source: CryptoQuant This gap suggests speculation expanded faster than outright demand. As a result, Binance’s cumulative Futures volume approached $800 trillion. While heavy Futures activity can help establish short-term bottoms, the next move…

Ethereum ($ETH) is trading around $1800 as of August 5th. The price is stuck below a descending trendline, adding a new variable to the market outlook alongside the ongoing discussions surrounding EIP-8361. Ethereum remains below the $1900 level, facing resistance between $1887 and $1918. A break above this resistance could bring the price closer to the psychological $2000 level. Technical Analysis and Price Movements Ethereum’s daily chart shows the price trading below the 20-day simple moving average (SMA) at $1,887.53. The 100-day SMA forms another resistance at $1,918.22, while the 200-day SMA is at a higher level at $2,074.86. This…

Tokenized products already exist, though mainly for investing. The most popular category is tokenized money market funds, primarily backed by U.S. Treasuries. The largest, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), debuted in March 2024. This category now has more than $15 billion of assets under management (AUM), with the broader onchain real-world asset market (excluding stablecoins) surpassing $31 billion in value. Casting a wider net to include assets such as alternative investments and tokenized financial infrastructures, the global asset tokenization market is valued at roughly $2.1 trillion. According to forecasts by Grand View Research, the sector is projected to…

Ripple has just minted 15 million $RLUSD on the Ethereum blockchain in recent hours; the Ripple Stablecoin Tracker X account reported this in a post. The last 24 hours have seen an uptick in activity around $RLUSD: 15,000,000 $RLUSD was burned on the $XRP Ledger while another 10,000,000 $RLUSD was minted on the Ethereum blockchain on July 29. 💵💵💵💵💵💵💵 15,000,000 $RLUSD minted at $RLUSD Treasury.https://t.co/Wb3Wgwtn9g — Ripple Stablecoin Tracker (@RL_Tracker) July 30, 2026 The circulating supply of $RLUSD on Ethereum has increased above $712 million, with 36.5 million $RLUSD minted in the last seven days and $25.3 million burned, according…

Just weeks before the U.S. Senate takes up the CLARITY Act, the crypto industry is fighting a different battle. Instead of lobbying lawmakers, the Crypto Council for Innovation (CCI) is now pushing back against what it calls false claims surrounding the bill. It also warned that these myths could confuse investors and slow one of the biggest crypto regulations in U.S. history. Crypto Council Counters the Biggest CLARITY Act Myths With the Senate vote approaching, CCI released a detailed response addressing what it believes are the biggest misconceptions about the CLARITY Act. One of the most common claims is that…

Maple has secured a significant partnership with Kraken, closing an institutional-grade warehouse facility aimed at enhancing liquidity access for Kraken’s OTC clients. This collaboration allows clients to leverage their digital asset holdings while providing Maple’s lenders opportunities for senior overcollateralized credit. The announcement surfaced via a tweet from @maplefinance, highlighting a notable step in onchain finance. The Story So Far The broader crypto market is currently exhibiting mixed signals, but the partnership between Maple and Kraken represents a strategic shift towards more robust financial solutions in the digital asset space. Maple’s recent move to bring asset-backed finance onchain is particularly…

BNY has tapped crypto financial services firm Galaxy (GLXY) to add staking capabilities to its digital asset custody platform, the companies announced Tuesday. The new service will allow institutional clients to stake digital assets held in custody through BNY’s platform, pending regulatory approval. Galaxy will provide the staking infrastructure while also serving as a design partner as BNY expands its blockchain-based services. Staking allows holders of certain crypto assets to help secure blockchain networks by locking up their tokens in exchange for rewards. For large investors, offering staking through the same platform that holds their assets removes the need to…

Bitcoin $BTC$66,644.43 rose after the Bank of Japan raised interest rates to a 31-year high, pushing the price from around $65,600 in Asian trading to more than $66,500 during European hours. The largest cryptocurrency has added 1.5% over the past 24 hours, continuing its recovery from a June 5 low below $60,000. Several altcoins posted even stronger gains. Stellar’s XLM, Injective’s INJ and Uniswap’s $UNI rose between 13% and 16%, ranking among the best performers in the top 100 cryptocurrencies by market capitalization. $UNI’s gain comes after Standard Chartered initiated coverage of Uniswap and set a long-term price target for…

Hyperliquid is one of crypto’s fastest-growing trading venues and the leading decentralized perpetual futures exchange. The platform processed more than $150 billion in trading volume in July alone, while its volume relative to Binance climbed to 11.5%, underscoring its growing share of the derivatives market. $USDC balances on Hyperliquid have swelled to roughly $6 billion, making it an increasingly important distribution channel for the stablecoin. Under the new arrangement, Coinbase will classify $USDC on Hyperliquid as “on-platform,” collecting the income generated by reserves and paying 90% of it to Hyperliquid. JPMorgan estimated Coinbase previously split nearly all of the revenue…

According to the Shibburn website, 2.96 billion $SHIB were burned in the last seven days. The latest figure represents a notable increase in $SHIB tokens burned compared to recent weeks. Aside from surpassing that burned in recent weeks, this has made a significant imprint on a one-year timeframe, as seen on the Shibburn website, significantly exceeding other burn transactions since this time last July. Given this, one might refer to the figure of 2.96 billion $SHIB weekly burn as the largest in a year. Contributing to this figure is remarkable $SHIB burn activity on July 26 and 27. This coincided…