Author: NBTC

U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins, in a speech at The Economic Club of New York, signaled a fundamental shift in the regulatory approach to crypto assets. In her statement, Atkins said the following: “Over the past year, we have taken steps to purposefully respond to President Trump’s call to make America the crypto capital of the world. We are taking historic steps to facilitate on-chain market movement by modernizing our rules and regulations.” Related News CEO of a Crypto Firm Managing $4 Billion Shares Two Altcoins He Believes Are Bullish Atkins’s speech was framed within…

Prediction markets surpassed $50 billion in monthly trading volume for the first time in June, with activity jumping 75% from May, according to Artemis data. The milestone coincided with the FIFA World Cup, making June as much a test of event-driven demand as a new market record. Kalshi remained the largest venue, recording roughly $33 billion in monthly volume. Polymarket processed $14 billion combined across its international platform and its recently launched US-regulated exchange. Rothera, the Robinhood-backed venue, added roughly $2 billion. Prediction markets trading volume. Source: Artemis A World Cup or a New Baseline? The World Cup, which began…

The Coinbase Bitcoin Premium Index has experienced the longest-ever 50-day consecutive negative premium, according to Coinglass data. This indicates that institutions have been net sellers rather than aggressive buyers, or that institutional demand in the United States has been muted for a long time. Although a protracted negative premium frequently indicates short-term market weakness and cautious sentiment and does not always portend a long-term bearish trend. Source: CoinGlass Is another decline incoming? Meanwhile, the short-term average of Bitcoin’s Net Unrealized Profit/Loss (NUPL) crossed below the longer-term average on the 2nd of June. This happened when the 30-day EMA was at…

Inside the Federal Reserve’s Latest Numbers The Federal Reserve’s H.6 money stock release, published yesterday, put seasonally adjusted M2 at $23,052.3 billion for May, up from $22,804.5 billion in April (a one-month jump of $247.8 billion). M2 is the broadest commonly cited measure of U.S. money, covering cash, checking deposits, savings deposits and retail money market funds. The gauge has now risen every month this year, climbing from $22,429.3 billion in January, an expansion of roughly $623 billion in four months. For scale, that four-month increase alone approaches the annual economic output of a mid-sized European country. Chart showing US…

Cardano founder Charles Hoskinson made noteworthy statements regarding the Cardano ecosystem and the Midnight project. Hoskinson stated that they are working on a major development outside of cryptocurrency, adding that it will be a “Joe Rogan-level” announcement. Hoskinson stated, “I have something really special that has nothing to do with crypto, and it’s going to be huge. I can’t wait to talk about it once it’s announced. It’s something on the level of Joe Rogan, it’s massive.” Hoskinson also touched upon Cardano’s past price performance, reminding those who say Cardano is dead that $ADA previously rose from $0.025 to $3.…

Limited July Schedule Raises Urgency for Floor Vote Efforts to pass a federal crypto market-structure bill have entered a critical phase as the Senate remains in recess until July 13. The advocacy group Stand With Crypto on July 1 urged supporters to contact Senators and push for a floor vote on the Digital Asset Market Clarity Act, or CLARITY Act, before lawmakers leave for the August recess. The timeline leaves a narrow window for action following months of committee work and industry lobbying. Supporters say the bill would reduce regulatory uncertainty by establishing clearer federal rules for digital asset issuers,…

How ETFs price bitcoin Bitcoin trades 24/7 with no natural close. Spot Bitcoin ETFs, which had about $73bn under management at the end of June, set daily net asset value (NAV) at 16:00 New York time. The largest funds, including BlackRock’s IBIT, use the New York variant of the CME CF Bitcoin Reference Rate. It aggregates volume-weighted trade prices over the one-hour window ending at that time, drawing on a small set of vetted spot exchanges including Coinbase, Kraken, Bitstamp and LMAX Digital. When someone creates new ETF shares, they deliver bitcoin to the fund; to redeem shares, they withdraw…

Crypto traders have “flipped their expectations several times” in just one month, reported analytics provider Santiment on Wednesday. The crowd was heavily bearish for most of June, calling for lower prices as Bitcoin slipped to $58,000. However, they’ve flipped bullish now as BTC rebounded towards $64,000, said Santiment before adding: “These fast mood swings show how reactive retail sentiment can be when price starts moving.” Markets Move Opposite to Crowds Crypto typically moves opposite to what the crowd is most loudly expecting, “because markets tend to punish crowded trades.” This can be seen in action today as markets have retreated…

Taiwanese celebrity and crypto influencer Jeffrey Huang, widely known as Machi Big Brother, has sold his Bored Ape Yacht Club (BAYC) #251 non-fungible token ($NFT) at a loss to increase his long position on Ethereum ($ETH). The transaction was flagged by on-chain analytics firm Lookonchain, which reported that Huang incurred a loss of 6.99 $ETH, equivalent to approximately $12,400 at current prices. Details of the Trade Lookonchain’s data reveals that Huang sold BAYC #251 and used the proceeds to add to his existing $ETH long position. As of the latest update, Huang holds a long position of 5,264 $ETH, valued…

On July 7, 3 weeks after the largest IPO in history, SPCX enters the Nasdaq-100 with billions in passive index buying behind it. The more interesting market is the one Wall Street does not run: tokenized shares on Solana, perpetual futures that priced the listing before bankers did, a $557 million subscription campaign that had to refund almost everyone, and 18,712 Bitcoin sitting on the rocket company’s balance sheet. Index inclusions are usually the sleepiest events in finance. A committee updates a list, passive funds rebalance, and the market moves on. SpaceX joining the Nasdaq-100 before the open on Tuesday,…