Author: NBTC

Secret Network is pushing for one of the more dramatic moves in the Cosmos ecosystem: a full Secret Network SCRT migration from its current Cosmos-based chain to Arbitrum, the Ethereum layer-2 network. The proposal, published in a July 7 governance post, frames the shift as a response to real and growing threats — a fresh bridge exploit, a deteriorating liquidity environment, and code that is aging in an era when AI tools are making old vulnerabilities cheaper to exploit. Key takeaways Secret Network proposes migrating SCRT to Arbitrum as a new ERC-20 token via a one-time snapshot on September 1.…

$XRP activity on Binance recorded an important directional change in June, as wallet behavior moved more toward withdrawals. Specifically, the Binance exchange’s 7-day net depositing and withdrawing wallet count fell from +26,200 on June 7 to -6,210 on June 30, according to on-chain data sourced by market resource CryptoQuant. For context, this represents a 32,410-wallet swing over 23 days, which pushes Binance from a period where deposits dominated into one where more wallets are taking $XRP off the exchange than sending it in. $XRP Exchange Net Wallets | CryptoQuant Notably, June 30 marks the first negative reading since July 9,…

Amid active debates over the sale of part of its Bitcoin holdings for operational needs, Strategy’s leadership is trying to seize the initiative from critics. CEO Phong Le defended the company’s new corporate strategy by publishing strong financial results for the past three months. From April 6 to July 6, the company increased its Bitcoin reserves by 10% and now holds a record 843,775 $BTC, Le said. For the 3 months April 6 to July 6, 2026, we increased our Bitcoin holdings 10% to 843,775 Bitcoin, increased our USD reserve 13% to $2.55B, and more than doubled YTD $BTC Yield…

Bitmine, a firm known for its significant accumulation of Ethereum ($ETH), is suspected of purchasing an additional 20,500 $ETH, valued at approximately $35.92 million. The transaction, reported by blockchain analytics platform Lookonchain, appears as a withdrawal from the institutional trading desk Galaxy Digital, occurring roughly six hours ago. Details of the Suspected Transaction The suspected purchase follows a disclosure from Bitmine last week, in which the company announced it held 5.74 million $ETH after a previous acquisition of 42,000 $ETH. The latest suspected addition would further solidify Bitmine’s position as one of the largest known institutional holders of Ethereum. Lookonchain’s…

Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing people familiar with the matter. Heathcote stepped down as Tether’s chief investment officer in March to take an advisory role after overseeing the stablecoin issuer’s investment portfolio. Bloomberg reported the planned sale involves only part of his 1.26% ownership stake. Tether issues USDt ($USDT), the world’s largest stablecoin by market capitalization. With a circulating supply of roughly $184 billion, $USDT accounts for roughly 59% of the stablecoin market, according to DefiLlama data. The planned…

$XRP’s relationship with banks splits into two separate stories that get blended together constantly: banks using the $XRP Ledger as settlement infrastructure, and banks using $XRP the token itself. Ripple, the company behind both, has signed up more than 300 banks and financial firms through its RippleNet network, but most of them use RippleNet’s messaging layer to move fiat currency faster, not $XRP itself. A growing number of institutions have also started building directly on the $XRP Ledger for tokenization and stablecoin settlement, again largely without touching $XRP as an asset. Only a smaller group of institutions actually use $XRP…

In the Nevada Supreme Court, Kalshi lost an effort a few days ago to halt a requirement that it block its customers in the state from much of the platform’s trading activity. The denial signed by three state justices on Wednesday said they were “not persuaded” by the business’ emergency motion, and Kalshi may also face legal trouble for failing to geofence its business by a court-imposed deadline. In Ohio, Kalshi sued the gaming regulator on Monday — following earlier, parallel court arguments from the Commodity Futures Trading Commission — seeking to halt Ohio’s penalty against the company on accusations…

Germany’s cooperative banking network has begun offering cryptocurrency trading through DZ Bank, opening digital asset access to millions of retail customers across the country. According to a Bloomberg report, the rollout gives customers of participating cooperative banks the ability to buy and sell cryptocurrencies directly through their existing banking relationships rather than using dedicated crypto exchanges. The service is already being introduced through a platform developed by DZ Bank and currently supports cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Cardano. The expansion comes as Germany’s banking sector gradually changes its stance on digital assets after years of avoiding retail crypto services…

Stablecoin supply is shrinking, and it’s becoming one of the biggest reasons behind Bitcoin’s weak price action. New data from CryptoQuant shows fresh stablecoin inflows to exchanges have dropped 31% yearly. Meanwhile, the combined supply of $USDT and $USDC is also falling, reducing the buying power needed to support Bitcoin’s recovery. Stablecoin Supply Is Falling, And So Is Bitcoin Stablecoins like $USDT and $USDC, which are often called the cash of the crypto market are seeing its value shrink by nearly $3 billion every month. According to CryptoQuant analyst Axel Adler Jr., stablecoin exchange inflows are now 31% below their…

Key takeaways Ethereum ($ETH) is extending its recovery, trading near $1,800, a key technical resistance level. Despite improving momentum, $ETH remains below its 50-day, 100-day, and 200-day EMAs, keeping the broader trend cautious. Technical indicators, including the RSI and MACD, suggest bullish momentum is strengthening. Ethereum price nears $1,800 as recovery momentum builds Ethereum ($ETH) continued its recovery on Friday, climbing to around $1,790 as buyers pushed the cryptocurrency closer to the important $1,800 resistance level. Although recent gains have improved short-term sentiment, Ethereum remains below several major moving averages, indicating that the broader trend has yet to shift decisively…