Author: NBTC

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…

Galaxy Digital has cast doubt on the long-term effectiveness of Strategy’s (MSTR) newly announced capital management overhaul, describing the plan as a temporary measure designed to buy time rather than address the company’s underlying financial pressures. Alex Thorn, head of research at Galaxy Digital, outlined his concerns on X, warning that the company still faces significant preferred stock obligations and a looming wall of debt maturities. Preferred Stock and Dividend Burden Remain Strategy’s preferred stock, ticker STRC, has experienced a sharp decline in value, prompting the company to introduce a new capital operating framework late last month. The plan includes…

New York Fed’s Liquidity Boost Strengthens Bullish Case for $XRP & Crypto The New York Federal Reserve (Fed) is set to inject nearly $9.96 billion into the financial system next week through Treasury bill purchases, a move that crypto market watchers believe could strengthen the outlook for digital assets. According to crypto blockchain researcher BankXRP, while the liquidity injection is not aimed at cryptocurrencies, history shows that top digital assets such as $XRP, Bitcoin, and Ethereum often perform well when the Federal Reserve expands liquidity. By purchasing short-term Treasury bills, the Fed credits financial institutions with new bank reserves, increasing…

UAE now has 101 regulated Virtual Asset Service Providers, and more than 50% of the licensed VASPs are in VARA (Virtual Assets Regulatory Authority) in Dubai, UAE. The regulator issued its most recent and 50th licensed VASP to Tribe Tokenization FZE. On LinkedIn, Tribe wrote, “It’s been a long and challenging road, but today we are pleased to announce that the Dubai Virtual Assets Regulatory Authority [VARA] has granted Tribe its VASP license. A VARA license is not a stamp that makes an investment safe, and it is not an endorsement of any property we list.” What is Tribe? For…

South Korean cryptocurrency exchange Korbit has announced plans to sell a portion of its digital asset holdings in July. The exchange will sell 15 Bitcoin ($BTC) and 60 Ethereum ($ETH) between July 3 and July 31, with the proceeds intended to cover operating expenses, including labor costs. Details of the Planned Sale According to an official statement, Korbit will execute the sales gradually over the month of July. The specific timing and execution method—whether through over-the-counter (OTC) trades or on its own order book—have not been disclosed. The exchange stated that the decision is a routine measure to manage operational…

Bitcoin price is holding near $63.2K. $BTC is testing the $64K resistance. The largest asset, Bitcoin ($BTC), is knocking on the door of the $64K resistance level again, but it’s stuck in a waiting game. Because the price is sitting right below its 50-day moving average, $65.8K, the market is essentially moving sideways. The real trigger is tomorrow’s FOMC minutes. Traders are glued to this economic update, as any hints on interest rates could easily make waves in the market and break Bitcoin out of this tight box. If buyers can push through and close a daily candle above $64K,…

After failing to hold $1.8k, Ethereum [$ETH] has continued to hover around $1.7k. As of this writing, $ETH traded at $1748, after rising slightly by 0.68% on the daily charts. Interestingly, this market pullback has created a perfect buying opportunity, especially for high-net-worth investors. Ethereum whales are aggressively accumulating Amid extended sideways movement, whales have continued to accumulate. According to Onchain Lens, a whale withdrew 30.01K $ETH, worth $52.84M, from Coinbase Prime to a new wallet. Lookonchain reported two more accumulating whales. According to the monitor, a newly created wallet withdrew 8,239 $ETH, worth $14.5 million, from multiple exchanges. The…

Matthew Sigel, a recovering CFA, recently announced the launch of the VanEck Onchain Economy ETF, designed for investors seeking exposure to cryptocurrency through equities. This initiative responds to concerns among investors wary of traditional crypto assets, particularly after the recent failures of various miners and exchanges. For more details, check out Sigel’s announcement on X. The Key Development The broader crypto market is currently experiencing mixed sentiments, with various assets showing fluctuating momentum. Amid this backdrop, the VanEck Onchain Economy ETF aims to provide a structured investment vehicle for those looking to engage with crypto while mitigating risks associated with…