Author: NBTC

Bitcoin open interest has claimed a new all-time high amid bullish bets on higher prices despite the recent pullback. The correction comes on the back of a renewed escalation of the trade war, as President Donald Trump recently threatened to impose a 50% tariff on all EU imports and a 25% tariff on Apple products unless iPhones are produced domestically. Bitcoin Open Interest Hits ATH Despite Fresh Pullback In response, Bitcoin dropped drastically after recently hitting a new all-time high close to $112,000. Notably, from a peak of $111,176 earlier today, the crypto firstborn collapsed to an intraday low of…

The top blockchain projects have recently been making notable buzz in terms of community engagement and social activity. As per the data from Phoenix Group, the prominent L1 blockchain projects dominating in terms of social activity include, as always, Bitcoin, Solana, Ethereum, and others. The crypto data and analytics platform took to social media to deliver the list of top L1 projects in line with social activity. TOP #LAYER1 PROJECTS BY SOCIAL ACTIVITY$BTC $SOL $ETH $ADA $SUI $KAS $BNB $HBAR $TAO $S pic.twitter.com/q1YDh0GEjo — PHOENIX – Crypto News & Analytics (@pnxgrp) July 5, 2025 Bitcoin Dominates L1 Blockchains in Terms…

The long-anticipated CLARITY Act may prove to be a game changer for digital asset markets, potentially ushering in a wave of institutional adoption, according to a note from Benchmark analyst Mark Palmer. The CLARITY Act aims to establish a clear regulatory framework for digital assets in the U.S., distinguishing cryptocurrencies as either commodities or securities. In a report published on Monday, Palmer said the legislation could provide long-sought regulatory clarity for traditional financial institutions, including asset managers, hedge funds, and banks, many of which have remained on the sidelines due to legal and compliance uncertainty. While the current Securities and…

All things being equal, easier monetary policy tends to be good for risk assets — crypto surely among them. Bitcoin rallied to above $120,000 for the first time ever over the weekend as pressure on hawkish U.S. Federal Reserve Chairman Jerome Powell to step down or be fired amped even higher. Coincidence? To review, Jerome Powell — who rushed through 75 basis points of rate cuts prior to the 2024 election — quickly switched to a more hawkish stance following Donald Trump’s election (though he did allow one more 25 basis point cut just after November), and it famously hasn’t…

While Bitcoin (BTC) and cryptocurrency usage and adoption continues to spread around the world, the latest move in this regard came from Hungary. However, a negative step came from Hungary. According to Forbes, Hungary has implemented one of the world’s most restrictive cryptocurrency laws as of July 1. With the strict new cryptocurrency laws coming into effect, cryptocurrency trading has become a crime for many citizens, with prison sentences introduced for unauthorized cryptocurrency transactions and services. Accordingly, it introduced prison sentences of up to 5 years for individuals and up to 8 years for service providers who engage in unauthorized…

Fidelity bought the 444.30 BTC, worth $48.7m, as part of a string of large crypto purchases this year. BlackRock and Goldman Sachs, among other institutional investors, are quickly accelerating Bitcoin exposure through ETFs and direct buys. Strong ETF inflows, low exchange deposits and record open interest support bullish sentiment for Bitcoin as it stays above $110,000. Fidelity Investments has expanded its Bitcoin exposure with the purchase of 444.30 BTC worth approximately $48.7 million, according to Whale Insider. The acquisition marks for an asset manager a series of high-value purchases in 2025 as institutions develop confidence in Bitcoin. JUST IN: Fidelity…

Shanghai’s state asset regulator held a closed-door meeting last week to study stablecoins and blockchain infrastructure, signaling potential pilots in city-run enterprises despite China’s nationwide crypto ban. Chaired by He Qing, Director of the Shanghai State-owned Assets Supervision and Administration Commission (SASAC), the meeting discussed how state-owned firms can use blockchain-based tech for cross-border trade, supply chain management, and asset digitization. There is a need for “greater sensitivity to emerging technologies and enhanced research into digital currencies,” Qing told attendees, per a summary posted to the regulator’s socials first cited by Reuters. While the session was framed as a routine political…

Virtuals Protocol launched ACP Public Beta to enable AI agents to collaborate and transact on-chain using open standards. Agent clusters like hedge funds and media houses show real use cases of autonomous AI coordination on blockchain. Virtuals Protocol officially released the Agent Commerce Protocol (ACP) to the Public Beta stage. This release was carried out in early July 2025 and is a strong signal that they are serious about building a bridge between artificial intelligence and blockchain-based financial systems. ACP is designed as an open protocol that allows AI agents—a kind of smart bot with specific functions—to interact, negotiate, and…

The national payment system HUMO has launched a new project to issue a digital token backed by government bonds of Uzbekistan. The token is issued by HUMO Digital, a subsidiary of the payment system, and aims to support the development of financial technology in the country. The HUMO token has been officially registered in the Unified Electronic Register of Crypto-Assets by the National Agency for Prospective Projects (NAPP). The Asterium crypto depository is responsible for monitoring the collateral and safekeeping of the government bonds that back the token. This backing is intended to reduce price volatility and ensure token stability.…

As user numbers decline and funding slows, the once-hyped web3 gaming sector appears to be approaching a potential crossroads. Blockchain gaming had a tough second quarter in 2025 as daily user activity dropped by 17%, and more than 300 gaming decentralized applications went inactive. To make things look worse: investments in crypto games fell to a two-year low. And yet, despite all that, traditional gaming giants like Sega, Ubisoft, and FIFA continued moving into web3. Analysts say that even though the market is in a downturn, the long-term potential is still relatively strong, and some developers and brands are quietly…