Author: NBTC

Elon Musk’s Tesla remains committed to Bitcoin (BTC) as its holdings are now valued at more than $1.25 billion, based on data from Arkham. By owning 11,509 BTC, the electric carmaker reinforces Musk’s optimism about the leading cryptocurrency. Tesla holds firm on Bitcoin holdings Despite recent fluctuations in Bitcoin’s price, Tesla hasn’t sold any of its holdings, demonstrating that Musk and the company remain confident in Bitcoin’s long-term potential. Tesla first purchased Bitcoin in 2021, acquiring $1.5 billion worth of the digital asset and even briefly accepting it as a payment method for its vehicles. While the company has sold…

Cryptocurrency analyst The DeFi Investor has shared a weekly watch list of altcoin and macro developments that users should keep on their radar in the new week. The list is shaped by both technical developments and regulatory and macroeconomic agendas. Here are the main topics that the analyst highlighted this week: KAITO (KAITO): Preparing to release a capital launch for token launches in July. Ripple (XRP): On July 9, the US Senate will debate whether coins like XRP are classified as commodities. Fluid (FLUID): Announced plans to expand to the Solana network in partnership with Jupiter Exchange. Bitcoin (BTC): The…

Bitwise and UTXO Management project that 20% of all Bitcoin (BTC) could migrate to institutional balance sheets by end-2026, according to a new report published by Bitwise and UTXO Management on May 23. The study, called “Exploring the Game Theory of Hyperbitcoinization,” models five demand channels for Bitcoin. Nation-states top the list with a $161.7 billion allocation built on a 5% swap of existing gold reserves into Bitcoin, equal to 1.62 million BTC, or 7.7% of the 21 million-coin cap. Wealth-management platforms that oversee roughly $60 trillion could direct $120 billion into spot Bitcoin exchange-traded funds if clients opt for…

As Bitcoin (BTC) hit a new all-time high (ATH) of $111,980 on Binance crypto exchange yesterday, technical data suggests that the latest BTC rally is being dominated by buyers. If this trend continues, BTC may see further price appreciation in the near term. Buyers Regain Control Of Bitcoin Spot Market According to a recent CryptoQuant Quicktake post by crypto analyst ibrahimcosar, buyers appear to be dominating the BTC spot market. The analyst observed that the Bitcoin Spot Taker Cumulative Volume Delta (CVD) has shifted back into green territory. For the uninitiated, Bitcoin Spot Taker CVD measures the difference between taker…

An analyst known for making timely crypto calls believes that Ethereum (ETH) is poised to positively surprise investors. Pseudonymous analyst Pentoshi tells his 869,800 followers on the social media platform X that he’s targeting $3,200 for Ethereum but notes that ETH can print new all-time high prices. Pentoshi says the macro picture is changing for Ethereum in a meaningful way. “You can see the narrative changing around ETH right now. And in my opinion, it will be obvious in hindsight. But most are too jaded. In less than one month, public companies will have bought enough ETH to offset all…

UK-based investment firm Vault Ventures has announced its new investment move into digital assets. The company announced that it has purchased a total of approximately $123 million worth of Ethereum and Bitcoin. Vault Ventures Makes Crypto Investment Move According to the official statement made by the company: 403,373 Ethereum (ETH) were purchased for 750,000 British pounds (approximately $1.028 million). The average purchase price was stated as 1,810 pounds. At the same time, 1.85606 Bitcoins (BTC) were purchased for 150,000 pounds (about $205,000), at an average price of 78,407 pounds. With these transactions, Vault Ventures’ total crypto assets reached 437,843 ETH…

Ripple’s stablecoin RLUSD is now accepted as collateral at Hidden Road, enabling real-time cross-market trading for institutions. With RLUSD integration and a U.S. banking license push, Ripple strengthens its position at the intersection of crypto and traditional finance. At a recent conference in Singapore, Ripple CEO Brad Garlighouse announced that Ripple’s stablecoin RLUSD will now be accepted as collateral for all services at Hidden Road, a global prime brokerage. According to experts, this move will impact the intersection of crypto and traditional finance. Ripple Stablecoin as Collateral Ripple‘s focus on high-friction payment routes is the central idea of this integration,…

As Bitcoin continues to break records and reach its all-time high (ATH), a new wave of investment is emerging. This time, it’s not just from investment funds or individual investors. Traditional companies across various sectors are also jumping in. From education, healthcare, and housing construction to cybersecurity, businesses large and small around the world are racing to accumulate Bitcoin. They view it as a strategic asset reserve, marking a major shift in companies’ perception of cryptocurrencies. Bitcoin Accumulation Across Industries in May Genius Group, a publicly listed education company, recently announced a 40% increase in its Bitcoin reserves. This move…

Coinbase shares spiked 5% to $375 when markets opened on Thursday, putting the crypto exchange’s stock on track for its highest closing price on record. Coinbase shares were recently changing hands around $372, well above the company’s record closing price of $357 in November 2021, according to Yahoo Finance. Year-to-date, the company’s stock price has climbed 50% from $256 in January. Although Circle’s blockbuster IPO is contributing to Coinbase hype, alongside the Senate’s recent passage of stablecoin legislation, the CLARITY Act also represents a “significant catalyst” for the crypto exchange, Benchmark analyst Mark Palmer told Decrypt. “If that were to…

Renowned sports celebrity and former NBA player Scottie Pippen has surprised the crypto community by saying that in the crypto world, there is not only Bitcoin that has caught his eye. Pippen has published a watch list of cryptocurrency assets that he believes to have a large potential in the market. Among them are the Ripple-affiliated coin XRP and top meme cryptocurrencies, Dogecoin and Shiba Inu. However, Bitcoin remains his number-one crypto choice. Scottie Pippen’s crypto watch list Pipple tweeted that he still believes in Bitcoin as the only crypto market leader. However, he is building a list of other…