Author: NBTC

Ether extended its rally Monday as institutional demand surged and exchange supply dropped to a multi-year low. The asset climbed as high as $2,650.18 before easing to around $2,617, where it currently trades, according to CoinDesk Research’s technical analysis data model. Despite the minor retracement, ETH remains one of the best-performing major tokens this week, supported by $321 million in fresh inflows into ether-linked investment products. That’s the strongest weekly inflow figure since December, reflecting mounting investor confidence in ether’s long-term value. Analysts also highlight a drop in ETH held on centralized exchanges, which suggests a shift toward self-custody and…

There is a strong institutional presence in U.S. spot crypto exchange-traded funds (ETFs), with investment advisors taking a commanding lead, according to the recent SEC filings. Investment advisors now hold over $10.28 billion in spot bitcoin BTC$104,748.81 ETF assets, representing 124,753 BTC. Investment advisors hold nearly half of the total crypto assets declared by the various funds. Hedge fund managers are second holding $6.9 billion worth of BTC ETF, or nearly 83,934 BTC, followed by brokerages and holding companies. These figures, highlighted by Bloomberg ETF analyst Eric Balchunas, underscore how advisors have surged to the top “number one by a…

Berachain has experienced a dramatic shift, with over $1.1 billion in net outflows and a total value locked (TVL) plunge of more than 70%, raising serious questions about the protocol’s future and user confidence. Recent on-chain analytics place Berachain squarely in the crypto spotlight, though for troubling reasons. Initially celebrated for its momentum during the testnet phase, the platform now shows rapid decline, with both data and user sentiment reflecting a loss of confidence. Outflows Reach $1.2 Billion as TVL Drops Over 70% Data from Artemis highlights the scale of capital leaving Berachain. Within three months, the platform recorded $1.69…

The State Bank of Pakistan has clarified its stance on digital assets, saying that it has never declared ownership and trading of the assets illegal. In a press release issued by the central bank, it stated that its earlier warnings about the assets were mainly a precautionary measure. Over the last few years, the State Bank of Pakistan has issued an advisory, directing banks, micro-finance institutions, development finance institutions (DFIs), electronic money institutions (EMIs), and other financial service providers to refrain from dealing in virtual assets. However, it has now clarified that the directive was never an outright ban on…

Spain-based Banco Santander SA is preparing to take a major expansion step in the digital assets space. The bank plans to offer cryptocurrency access to individual customers through its digital banking unit Openbank and develop stablecoin services in euros and dollars, the latest example of European banks’ growing interest in crypto assets. According to sources familiar with the matter, the stablecoin plans are still in their early stages. Openbank has applied for a license to provide individual crypto services under the European Union’s new regulatory framework, MiCA (Markets in Crypto-Assets). Options Santander is considering include developing its own stablecoin or…

Fireblocks provides full support for the official launch of Codex, a purpose-built blockchain for stablecoin finance. Institutions will be able to use Codex from day one through the same secure infrastructure they currently rely on for digital asset operations. Institutions can create Codex wallets to facilitate fund transfers and make payments, with zero additional integration work. Codex is now live on Fireblocks 🎉Institutions can access a blockchain purpose-built for stablecoin finance.✅ T+0 settlement✅ Secure access via Fireblocks✅ Built for compliant, cross-border paymentsLearn more: https://t.co/A96TOHlvq9 pic.twitter.com/HWCEI27kYX — Fireblocks (@FireblocksHQ) June 2, 2025 To date, Fireblocks supports over 2,000 institutions globally, including…

Bitcoin price could be on the cusp of a strong bullish breakout, potentially reaching $143,000 after forming a cup-and-handle pattern, as market participants anticipate a supply squeeze. Bitcoin (BTC) was trading at $109,860 on Tuesday, up nearly 10% from its lowest point this month and 50% above its April low. Santiment data indicates that Bitcoin could face a supply squeeze as demand rises. The supply of Bitcoin on exchanges has dropped to 1.18 million, its lowest level since December 2017. This supply peaked at 3.25 million in March 2020 and has been in freefall since. The decline has accelerated this…

Crypto exchange Bybit announced Sunday that it will launch Byreal, its first on-chain DEX, by the end of this month. Powered by Solana, the new platform aims to deliver the best of centralized exchange and decentralized finance, which Bybit CEO Ben Zhou touts as “real hybrid finance.” As noted in the announcement, Byreal will feature a unified liquidity model that utilizes requesting-for-quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing to provide low-slippage trades and MEV protection while maintaining high transaction speeds. The new DEX will also include features such as a fair launchpad model with Smart Price Ladder and…

A top crypto YouTube and X outlet has expressed confidence that Ethereum will rebound from its recent underperformance and rally to unprecedented prices. Specifically, Altcoin Daily shared in an X post that Ethereum, the second-largest cryptocurrency by market cap, would easily surpass its 2021 peak price and current all-time high to new levels before the end of this year. The June 2 tweet followed Ethereum’s recent sluggish price action. After raising optimism among enthusiasts and the broader crypto community with a 38% surge within three days in early May, the altcoin leader has since ranged. It also swelled to a…

Mastercard reports nearly half of its e-commerce transactions are now tokenized. The payment giant believes it is on track towards tokenizing all transactions in the EU by 2030. By adopting tokenized transactions, Mastercard aims to completely abandon manual card transactions and completely tokenize its e-commerce transactions by 2030. It hopes to eliminate obstacles for clients by making the process as fast and seamless as possible while also maintaining security and reliability. According to the credit card firm’s recent press release, nearly half of the e-commerce transactions coming from clients in Europe have been tokenized. These transactions include the ones conducted…