Author: NBTC

Bitcoin is under pressure. The price is holding above the April 2024 low but sitting directly on a key support level that will determine short-term direction within hours rather than days. The level to watch is $74,950. Everything happening in Bitcoin’s price structure right now converges on this single number. Why $74,950 Is the Line That Matters This level represents the 78.6% Fibonacci retracement of the most recent rally from the May 23 low. In technical analysis this is standard support territory for a corrective pullback within an uptrend. Bitcoin is not decisively below it yet but it is testing…

If you’ve ever tried updating a years-old codebase without breaking everything, you know the feeling. Now imagine that codebase controls millions of dollars in DeFi liquidity. Vyper developers just shipped a tool designed to make that process significantly less terrifying. The tool is called vyupgrade, and its v0.2 release landed on May 29. Built primarily by Vyper contributor banteg, it automates the rewriting of legacy Vyper smart contracts to modern syntax compatible with compiler versions up to v0.4.3. It supports contracts written in versions as old as the 0.1b* series, which means even the earliest Vyper code can be brought…

Longtime gold advocate and Bitcoin critic Peter Schiff has once again challenged the narrative surrounding the world’s largest cryptocurrency, this time targeting MicroStrategy founder Michael Saylor’s characterization of Bitcoin as a ‘digital skyscraper.’ Schiff countered that holding Bitcoin produces no income, comparing it to a building that generates no rent. Schiff’s Core Argument: Bitcoin Lacks Cash Flow In a series of public statements, Schiff argued that Bitcoin’s value is purely speculative, as it does not produce dividends, interest, or rental income. ‘A skyscraper generates rent. Bitcoin generates nothing,’ Schiff said, emphasizing that traditional assets like real estate and stocks provide…

Ripple CEO Brad Garlinghouse shared why he sees $XRP as unique, pointing to its speed, low cost, scalability, and long-running community support. He cited three-to-five-second settlement, fractions-of-a-penny transaction costs, and more than 4 billion completed transactions. Key Takeaways: Garlinghouse said $XRP stands out for its speed, low costs, and scalability. Ripple’s CEO highlighted three-to-five-second settlement and more than 4 billion processed transactions. Community support and payment-focused utility remain central to Ripple’s long-term $XRP strategy. $XRP’s Role in Payments Expands as Ripple Cites Network Strength Ripple CEO Brad Garlinghouse positioned $XRP as a distinct digital asset during an “ $XRP in…

Japan’s Financial Services Agency (FSA) has issued a revised enforcement ordinance and accompanying guidelines that clarify how businesses can handle stablecoins issued under foreign laws. The new rules, set to take effect on June 1, 2026, aim to bring overseas stablecoins under Japan’s existing regulatory framework while maintaining investor protections and market integrity. Stablecoins Recognized as Electronic Payment Instruments Under the revised ordinance, trust-type stablecoins issued by foreign entities will be classified as “electronic payment instruments” under Japan’s Payment Services Act, provided they meet specific conditions. The FSA also confirmed that these assets will not be treated as securities under…

Binance Australia will require users to provide extra information when sending or receiving crypto from July 1, 2026. The exchange said the change applies only to Australian users and supports compliance with local rules. Binance said users will need to provide sender information when receiving crypto deposits into their accounts. The rule applies to any amount of crypto sent to Binance Australia. The exchange will also require beneficiary information when users withdraw crypto from Binance. Binance described the new process as a “mandatory requirement” for Australian users. Deposits and withdrawals face new checks For withdrawals, users must provide the beneficiary’s…

Cardano founder Charles Hoskinson has disclosed that discussions are underway to bring major banks and insurance firms onto the Midnight blockchain to integrate tokenized real-world assets (RWAs). The comments highlight Cardano’s growing ambition to position Midnight as a compliant infrastructure layer for institutional finance, particularly in tokenized deposits, yield generation, and privacy-focused blockchain applications. Key Points Cardano founder Charles Hoskinson revealed that banks and insurance companies are exploring integrations with the Midnight blockchain. The initiative centers on tokenizing real-world assets directly on Midnight. Monument Bank has already disclosed plans to tokenize £250 million ($335.97 million) in customer deposits on the…

Grayscale Research says SpaceX is on track to become the largest diversified public company holding Bitcoin ($BTC). The Elon Musk-led space firm disclosed 18,712 $BTC on its balance sheet ahead of an early June listing. At a current $BTC price near $75,954, the holding is worth roughly $1.42 billion. That equals about 0.1% of the $1.75 trillion market capitalization SpaceX is reportedly targeting at IPO. Bitcoin Price Performance. Source: BeInCrypto Why SpaceX Stands Apart From MicroStrategy Grayscale separates corporate Bitcoin holders into two camps. Pure-play digital asset treasuries (DATs) like MicroStrategy hold tokens primarily as a vehicle for equity investors.…

Ethereum [$ETH] has been trading around the $2,000 range lately – A level that it has stayed above since May 2025. However, the price charts reveal an interesting phenomenon when the volatility of the altcoin is overlaid. In fact, the drop in $ETH volatility to a multi-year low signals a potential end to a long-term accumulation trend. A new low on the VI According to Amberdata, the Ethereum volatility index dropped below 50 for the first time since early 2024. At press time, it had a reading of 48, slightly above the January 2024 reading of 45. After such a…

Asia has emerged as the dominant region for stablecoin payments, accounting for nearly two-thirds of all global transaction volume, according to a recent analysis shared by Unfolded via X. The data highlights a significant concentration of stablecoin activity in the region, with Singapore, Hong Kong, and Japan leading the way. Regional breakdown of stablecoin volume The analysis indicates that Asia’s share of stablecoin payment volume is approximately 66%, far outpacing other major economic regions. North America accounts for roughly 25% of the global total, while Europe contributes about 13%. In stark contrast, the combined transaction volume from Latin America and…