Author: NBTC

A Four-Year Round Trip Into Deep Red The wallet, tagged 0xFe99, received 9,389 $ETH worth $40.47 million about four years ago, when ether changed hands at $4,311 (near the asset’s late-2021 record run). It has not sold since. With ether recently at $1,777, the stash is now worth just $16.69 million. “This whale held $ETH for 4 years, suffering a loss of 23.8M (-59%)” Lookonchain wrote, suggesting the holder may finally be capitulating after riding the position through an entire market cycle. Onchain data showing whale 0xFe99’s recent $ETH offload, per Arkham. Investors who bought at the 2021 peak have…

The crypto industry has poured $189 million into US midterm elections, but that loud political money is overshadowed by a much quieter structural shift now visible on-chain. Visa and BlackRock are backing the OUSD stablecoin, New York Life’s asset management arm has started a tokenized bond fund, and Strategy—the company formerly called MicroStrategy—is rolling out a Bitcoin monetization program designed to turn a corporate treasury into a liquid yield engine. These developments, flagged in a recent weekly report, show that institutions are moving past proof-of-concept and beginning to rewire their balance sheets. The tokenization push is not isolated. As the…

On-chain data reveals that Ethena (ENA) holds a dominant position in the $USDG stablecoin ecosystem on Robinhood Chain, accounting for nearly half of the total supply. According to on-chain analyst Tom Wan, the firm controls approximately $100 million worth of $USDG on the network, split between direct holdings and a joint vault with Steakhouse. Ethena’s Dominance on Robinhood Chain Tom Wan shared the analysis on X, stating that Ethena holds $50 million in $USDG directly on Robinhood Chain, with an additional $50 million parked in a joint $USDG vault operated by Ethena and Steakhouse. This concentration gives Ethena significant influence…

Ethereum is holding long-term support while testing the descending trendline near $1,900-$2,000. A confirmed breakout could open the way toward $5,000 and support the wider bullish outlook, while another rejection may send $ETH back toward $1,500 or lower. Ethereum Holds Long-Term Support as $44,000 Projection Emerges Ethereum is testing the lower boundary of a multi-year rising channel while trading below $2,000. Analyst Amonyx believes the broader bull market has already begun, but the chart still requires a confirmed rebound before supporting its extreme upside projection. $ETH five-day chart. Source: Amonyx/X The rising trendline has supported Ethereum’s wider structure since the…

Donald Trump struck an optimistic tone on the U.S. economy, arguing that stronger economic growth could support both traditional financial markets like US Stock and risk assets such as cryptocurrencies. His comments came as Bitcoin rose 1.99% to trade around $62,583, while Ethereum hovered near $1,751 and XRP traded close to $1.13 following a volatile second quarter. The latest rally was largely driven by a macro-fueled short squeeze after weaker-than-expected U.S. jobs data eased investor concerns over additional interest rate hikes by the Federal Reserve. Bitcoin is also reportedly showing a 76% correlation with gold, indicating that some investors increasingly…

$XRP rival Stellar (XLM) has continued to thrive across both the crypto and the real-world asset ecosystem, hitting new milestones as adoption continues to grow. According to recent data shared by the RWA Foundation earlier today, Stellar has surpassed $3 billion in on-chain real-world assets (RWAs) as its utility continues to expand. Stellar hits new milestone With Stellar crossing $3 billion in its on-chain RWAs, the network has reached a new milestone as institutional adoption of tokenized assets continues to surge on the blockchain. The source further confirmed that the $3 billion milestone includes both the distributed and represented value,…

The Supreme Court ruled Monday that President Trump can fire commissioners at the Federal Trade Commission and other independent agencies without cause, overturning a 91-year-old precedent that shielded regulators including the SEC and CFTC from at-will removal. The 6-3 decision in Trump v. Slaughter directly reinstated Trump’s 2025 firing of FTC Commissioner Rebecca Slaughter. Chief Justice John Roberts wrote for the majority that Humphrey’s Executor v. United States, the 1935 case that let Congress protect FTC commissioners from removal except for “inefficiency, neglect of duty, or malfeasance in office,” has “not withstood the test of time.” SCOTUSblog reported the ruling…

Standard Chartered has become the first globally systemically important bank to offer direct $USDC minting and redemption. The bank announced Thursday it has partnered with Circle to allow institutional clients to mint and redeem $USDC, without needing direct Circle accounts. Circle 🤝 Standard Chartered@StanChart has launched institutional $USDC minting and redemption through DIFC, becoming the first G-SIB to offer institutional access to $USDC through a regulated banking channel.A major milestone for institutional stablecoin adoption.… pic.twitter.com/SufjFOqjyk — Circle (@circle) July 2, 2026 The service launches first for Standard Chartered’s clients in Dubai, and will expand to other regions “subject to regulatory…

Bitcoin mining firm CleanSpark (Nasdaq: CLSK) has acquired an additional 454 Bitcoin for approximately $29.05 million, according to a report from Cointelegraph. The purchase brings the company’s total Bitcoin holdings to 13,924 $BTC, reinforcing its position as one of the largest publicly traded holders of the cryptocurrency among mining firms. Strategic Accumulation Continues This latest acquisition is part of CleanSpark’s ongoing strategy to build a substantial Bitcoin treasury. The company has consistently added to its reserves over the past year, often purchasing Bitcoin during market dips. The average price for this latest buy was roughly $64,000 per Bitcoin, indicating a…

Ethereum has remained below $1,800 as traders await U.S. inflation data despite growing expectations of a breakout above $1,850. The second-largest cryptocurrency traded around $1,780 after briefly slipping toward $1,770 following the latest geopolitical flare-up in the Middle East. Oil prices jumped after the weekend strikes, reviving concerns that inflation could remain elevated ahead of the June CPI release and Paul Warsh’s expected congressional testimony. Any upside surprise could reinforce expectations for a hawkish Federal Reserve, limiting demand for risk assets and making the $1,800 barrier harder to overcome. Derivatives positioning, however, presents a more balanced picture than price action…