Author: NBTC

For months, the Bitcoin pricehas ridden on improving liquidity and institutional demand. But one macro trigger now being discussed could change that equation quickly. If Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund with more than $1.8 trillion in assets, begins shifting heavily into domestic investments by selling foreign stocks and bonds, the resulting liquidity squeeze could send shockwaves through global markets including crypto. Yen Carry Trade Unwind Raises Fresh Concerns A large scale unwinding of the yen carry trade would likely hit risk assets first. As bond yields climb and liquidity tightens, institutional investors could be…

Brokerage desks rarely agree on anything. Yet when research coverage on SpaceX dropped Tuesday after its $75 billion June IPO, the message was strikingly uniform: buy. The coverage, detailed in the original report, underscores a dynamic that crypto markets have long watched from the sidelines—Wall Street analysts piling into a freshly minted public company with ratings that can instantly move capital. For tokenized real-world assets, the scene reads like a blueprint of what mainstream adoption could look like, if the infrastructure and regulation ever align. A $75 billion IPO doesn’t happen quietly. It lures coverage from the same institutions that…

Zcash’s Ironwood network upgrade, the solution to an “infinity” bug discovered in May on the privacy-focused blockchain’s main private transaction pool, Orchard, is set to go live on July 28. Announced in June, Ironwood closes the current Orchard pool, prevents new activity in it and sets up a new private pool. Funds leaving Orchard would have to pass through an accounting checkpoint before entering Ironwood, which could produce evidence about whether any counterfeit Zcash ($ZEC) tokens were produced through the Orchard bug. “Zcash’s Ironwood mainnet activation height has been set and tagged! All of the major organizations are committed to…

Expanding the Sandbox Nigeria’s Securities and Exchange Commission (SEC) has admitted two additional virtual asset service providers (VASPs) into its Accelerated Regulatory Incubation Program (ARIP), following the recent entry of Luno Nigeria as the first global cryptocurrency platform to join the supervised framework. The financial regulator announced July 2 that GIGX Technologies and Kucoin Nigeria Limited have been granted approval-in-principle (AIP). The approval allows the two entities to operate provisionally under the SEC’s supervision while working toward full registration. The regulatory expansion comes just days after Luno Nigeria and six other entities secured their provisional clearance as part of the…

In a notable on-chain move, crypto asset manager Abraxas Capital has withdrawn 3,931 XAUT tokens, valued at approximately $15.96 million, from multiple cryptocurrency exchanges within an eight-minute window. The transaction was flagged by blockchain analytics platform Onchain Lens. XAUT is a stablecoin issued by Tether, fully backed by physical gold held in Swiss vaults, with each token representing one troy fine ounce of gold. Large Withdrawal Signals Institutional Strategy The rapid, large-scale withdrawal of XAUT from exchange wallets to self-custody or cold storage often indicates a strategic shift by institutional investors. For asset managers like Abraxas Capital, moving gold-backed tokens…

Despite showing signs of short-term stabilization above a major support zone, Bitcoin’s downtrend might not be over yet. While momentum has improved on lower timeframes, the broader trend is still tilted to the downside, with price trading below key moving averages and facing heavy overhead resistance. Meanwhile, on-chain data suggests that large holders may still be distributing coins, adding more fuel to a potential further decline. Bitcoin Price Analysis: The Daily Chart The daily chart shows $BTC trading around $64K after bouncing from the $60K support region. That area has once again attracted buyers and prevented a deeper breakdown, while…

Adam Back’s Bitcoin Standard Treasury Company (BSTR), the bitcoin treasury company backed by the Blockstream CEO and bitcoin pioneer, is renegotiating the terms of its planned public listing through a merger with Cantor Equity Partners I (CEPO), with the parties abandoning the original structure agreed last year in an effort to better reflect current market conditions. The companies said Wednesday they will not complete the transaction under the terms of the July 2025 business combination agreement. Instead, they are discussing a revised structure, with further details expected in future filings with the U.S. Securities and Exchange Commission. As part of…

The Midnight Foundation has reopened the Glacier Drop redemption portal after completing a security review caused by an incident involving a subset of Cardano wallets connected to SecondFi. In a recent update, the Foundation confirmed that Glacier Drop redemptions resumed on June 9 at 17:00 UTC. This ended a temporary suspension introduced as a precautionary measure last month. Security Review Confirms Glacier Drop Platform Remains Safe The Foundation paused $NIGHT token redemptions last month after reports emerged that EMURGO’s SecondFi platform had suffered a security breach. During the attack, hackers stole 16 million ADA from 374 wallets, prompting the Foundation…

The Supreme Court on Monday let Texas enforce a law requiring app stores to verify users’ ages and obtain parental consent before minors download apps, handing the tech industry a defeat while a First Amendment challenge plays out. The order came through the court’s emergency docket. The justices offered no explanation and recorded no dissents, according to CNN. The decision does not settle the case. It leaves in place a June ruling from the 5th US Circuit Court of Appeals that had cleared Texas to begin enforcing the law during litigation. At issue is Texas Senate Bill 2420, the App…

Binance founder Changpeng Zhao disclosed in an interview with The Block that he proposed a collaboration with Elon Musk for X’s financial application, X Money, but the offer was declined. Zhao stated that Musk rejected the partnership, explaining that the app would exclusively handle fiat currency transactions. Background of the Proposed Partnership Changpeng Zhao, widely known as CZ, revealed that he reached out to Elon Musk with a proposal to integrate Binance’s cryptocurrency services into X Money, the financial platform being developed under X (formerly Twitter). The idea was to offer crypto-based payment options alongside traditional fiat services, potentially expanding…