Author: NBTC

Bitcoin continues to hover around the $110,000 mark despite reaching a new all-time high last week. The lack of further breakout momentum is likely due to profit-taking by new whales, according to on-chain data. Since April 20, Bitcoin’s price has surged over 30% from $84,000. However, the rally has stalled since hitting a record peak of $111,970 on May 22. Analysts say the price plateau may be tied to selling pressure from recently established whale addresses. Are New Whales Restricting Bitcoin’s Price? CryptoQuant’s cohort analysis shows a clear pattern. The majority of profit realization over the last month came from…

The largest South Korean political party wants the Korean to fast-track KRW stablecoins, taking a page from the Trump Administration’s recent moves to establish a stablecoin bill. According to a report from local media Edaily, lawmakers from the South Korean Democratic party are pushing for the government to start institutionalizing Korean won-pegged stablecoins. Chairman of the party’s Digital Asset Committee, Min Byeong-deok, believes the global stablecoin market has the potential to become “bigger than artificial intelligence or semiconductors” in the near future. Min emphasized the urgency of institutionalizing stablecoins pegged to the Korean won. He views it as a way…

As broader crypto markets struggle to regain momentum, a handful of digital assets stand out amid the turbulence. Bitcoin (BTC), which surged to a record high of nearly $112,000 last week, dropped to $107,000, while the market cap of all coins tracked by CoinGecko dropped to $3.49 trillion. Pi Network (PI), Cetus Protocol (CET), and Optimism (OP) have emerged as top tokens to watch, showing relative resilience despite mounting trade-related risks weighing on investor sentiment. While most major cryptocurrencies face headwinds from weakening momentum and macroeconomic uncertainty, these three projects are drawing our attention. You might also like: Trump hosts…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Second chances are increasingly rare in today’s world. But they do happen. On Sunday evening, it was one year since then-Presidential candidate Trump pledged to commute the double-life sentence of Silk Road founder Ross Ulbricht, live on stage at the Libertarian National Convention at the Washington Hilton. Eight months later, on his second day in office, Trump one-upped himself by granting Ulbricht a full and unconditional pardon, releasing him from prison after serving 12 years. #FreeRoss worked. Now, Ulbricht is set to publicly address the Bitcoin…

Bitcoin (BTC) broke new records last week, rising above $111,000. While the new ATH in BTC also brought a rise to Ethereum (ETH) and altcoins, Coinshares released its weekly cryptocurrency report and said that there was an inflow of $3.3 billion last week. “Inflows into cryptocurrency investment products reached $3.3 billion last week. Since the beginning of this year, inflows have reached a record $10.8 billion.” Bitcoin (BTC) Takes the Lead! When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin. While BTC experienced an inflow of $2.97 billion, the positive sentiment continued…

Tether CEO Paolo Ardoino told Bloomberg on Friday that the company is “open to” creating a separate domestic stablecoin to meet the needs of the U.S. market. The news comes amid the U.S. trying to push through a stablecoin legislation—the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act). The international issuer of the largest stablecoin, USDT, is “getting comfortable” with the GENIUS Act and will be compliant, Ardoino said. However, USDT’s main market will continue to be emerging economies, because those are the markets that “need us the most,” he added, stating: “We believe in the importance…

After softly rising over the weekend, bitcoin BTC$109,175.08 slipped back to $109,000 on Monday in sluggish trading as traditional U.S. markets remained closed in observance of Memorial Day.The top cryptocurrency is still up 1.7% in the last 24 hours and only a breath away from the all-time high it notched last week. Looking at the CoinDesk 20 — an index of the top 20 digital coins by market capitalization, except for stablecoins, memecoins and exchange coins — the day’s big winner is decentralized exchange Uniswap UNI$6.40, which saw its token rise 6.6%. Tokens for Chainlink LINK$15.49 and Avalanche AVAX$22.99 also…

With Bitcoin (BTC) holding just under its all-time high Monday morning, altcoins have posted gains in recent days—albeit with most tokens still a fair distance from their peaks. Avalanche (AVAX) is one of the biggest altcoin winners on the day, climbing 5.8% to $23.67 over the past 24 hours in the wake of last week’s London Avalanche Summit. During the event, it was announced that the soccer governing body FIFA will migrate its FIFA Collect NFT platform to its own dedicated Avalanche layer-1 blockchain. However, AVAX remains down 83.7% from its all-time high reached in 2021. World (WLD), previously Worldcoin,…

One of the most closely watched crypto wallets in recent weeks is now betting on pepe (PEPE), days after drumming up a record billion-dollar notional position on bitcoin BTC$109,972.56 on the onchain trading platform Hyperliquid. The wallet has gone long on PEPE with $1 million at 10x leverage, flipping from billion-dollar bitcoin trades to high-stakes memecoin bets. The position is already up $500,000 as of European morning hours, with pepe up nearly 6% in the past few hours. Pseudonymous trader “James Wynn” — known as “moonpig” on decentralized exchange Hyperliquid — closed their $1.2 billion BTC long position with a…

Cake Wallet, a non-custodial open-source wallet for cryptocurrencies, has officially launched PayJoin v2, becoming the first major mobile wallet to offer Bitcoin silent payments to everyday users. This integration introduces a protocol upgrade that disrupts blockchain surveillance by mixing transaction inputs from both the sender and receiver, undermining the common blockchain surveillance techniques chain analysts typically rely on. JUST LAUNCHED: Cake Wallet v4.28.0 brings Bitcoin Payjoin v2!• No need for both parties to be online• No server required• Just a few taps in your walletIt’s that simple Update Cake Wallet to try it out! pic.twitter.com/IjOccnBYy7 — Cake Wallet (@cakewallet) May…