Author: NBTC

A highly leveraged trader on Hyperliquid, Qwatio, found himself facing 8 consecutive liquidations after betting against the market rally. This happened as the cryptocurrency market surged by 1.78% over the past 24 hours, fueled by a US-Vietnam trade deal. As Bitcoin (BTC) and Ethereum (ETH) rallied, Qwatio’s shorts took a hit, marking a rough day for his strategy. Hyperliquid Trader Hit with Liquidations Amid Market Surge According to the latest data from BeInCrypto, the market turned green following a rally sparked by eased tariffs on Vietnamese exports. Bitcoin rose 2.5%, reaching $108,766 at press time. Ethereum saw an even bigger…

⚈ XRP exchange reserves surged 4.11% to a 1-month high of 2.84 billion.⚈ Ripple’s SEC settlement news boosted XRP’s price from $2.14 to $2.34.⚈Whales moving XRP to exchanges hints at potential selling pressure ahead. XRP exchange reserves reached a 1-month high on May 10, when some 2,845,253,166 tokens were being held on exchanges. This represents a noticeable surge of 4.11% since May 6, when the exchange reserves totalled 2,732,839,565 XRP, per data retrieved by Finbold from on-chain analytics platform CryptoQuant. By press time on May 12, XRP exchange reserves had diminished slightly, down to 2,838,110,274. Elevated XRP exchange reserves could…

In the ever-evolving world of cryptocurrencies, staking is of paramount importance when it comes to earning rewards. Staking literally means “risking” one’s capital for some gain in the future. In crypto finance, the term implies locking one’s digital assets on a PoS (proof of stake) blockchain like Ethereum, Cardano, Solana, etc. for a fixed time to earn some passive income. When you stake, you keep your crypto as a collateral, a guarantee, on the blockchain, so that the network can trust you to unlock new blocks. In contrast to PoW (proof of work) system of Bitcoin, the PoS system is…

Bitcoin surged 18.66% in May, hitting $111,970, but Lark Davis says key profit indicators show the rally still has room to grow. Lark Davis highlights the Net Realised Profit/Loss (NPL) and Net Unrealised Profit/Loss (NUPL) metrics, signaling Bitcoin holders aren’t rushing to sell yet. Bitcoin continues to capture investor attention as it navigates a critical phase in its price cycle. Entrepreneur and well-known Crypto Analyst Lark Davis recently shared his perspective on whether the market is nearing its peak or still has room to run. Bitcoin’s May Performance and Current Price Overview Starting May at approximately $94,146, Bitcoin’s price surged…

Cryptocurrency-related firms scramble for legitimacy and infrastructure parity with traditional banks as the US progressively leans pro-crypto. Against this backdrop, a clear regulatory hierarchy has emerged, with reports indicating that only two players are at the top. Crypto Firms Battle for Fed Access, But Only Custodia and Kraken Are In Custodia Bank and Kraken Financial are the only crypto-native institutions with full bank charters. This positions them as frontrunners for coveted Federal Reserve (Fed) master accounts. Custodia Bank CEO Caitlin Long distilled the stakes in a post on X (Twitter), highlighting a deepening divide between regulatory status and real access.…

Crypto airdrops have become lucrative opportunities for the community, offering a chance to earn rewards with minimal or no initial investment. This May, the crypto community is abuzz with several high-potential airdrops. Here, we explore three notable airdrops backed by strong funding and engaging participation methods. Bluefin Firstly, Bluefin secured $29.2 million from top firms like Polychain Capital, ParaFi Capital, CMS Holdings, DeFiance Capital, and Hypersphere Ventures. Flow Traders, LongHash Ventures, Beam, Alameda Research, and Three Arrows Capital also provided additional support. While details remain scarce, Bluefin has offered airdrop farmers an early access form since May 10. The DeFi…

Binance, one of the world’s leading cryptocurrency exchanges, announced that it will support the Celo (CELO) network upgrade and hard fork process, which will take place on July 9, 2025. Binance Will Support Celo (CELO) Network Upgrade and Hard Fork According to the statement made by Binance, in order to support the network upgrade, deposits and withdrawals of all tokens on the CELO network will be temporarily suspended as of 17:00 on July 9, 2025. The network upgrade and hard fork are expected to occur around 18:00. During the upgrade process, trading of tokens on the CELO network will not…

Tether invests billions in mining with 15+ global sites, aiming to become the biggest Bitcoin miner by year-end to protect its BTC-backed reserves. GENIUS Act forces Tether to comply with new U.S. rules or exit the market; a U.S.-based stablecoin is in the works to meet regulatory demands. Tether, the issuer of the world’s largest stablecoin USDT, is gearing up for a dramatic shift in strategy. While regulatory pressure builds under the newly passed GENIUS Act in the U.S., CEO Paolo Ardoino has revealed bold plans to make Tether the largest Bitcoin miner in the world by the end of…

After revealing that it had added 4,710 Bitcoin (BTC) to its balance sheet, GameStop made headlines today. Given the current price of Bitcoin, GameStop’s holdings are worth about $513 million. Few details were included in the announcement, but enough impact was generated to get discussions going. Among the first to offer an opinion was Anthony Pompliano, a longtime Bitcoin advocate and investor. In his view, the move will likely spark a wave of interest among retail traders, especially given GameStop’s unique position on the market. Momentum tends to build quickly with this type of news, he noted, especially with a…

AMINA Bank, based in crypto-friendly Switzerland, has announced that it has launched custody and trading services for Ripple’s newly launched US dollar-pegged stablecoin RLUSD. Swiss Bank AMINA Launches Custody and Trading Services for Ripple’s RLUSD Stablecoin The bank also stated that it has achieved the title of being the first global bank to support RLUSD. According to the bank’s statement today, this new service is initially aimed at institutional clients and professional investors seeking regulatory compliance. AMINA plans to further expand its RLUSD-based services in the coming months. Based in Zug and licensed by the Swiss financial regulator FINMA, AMINA…