Author: NBTC

ETF Demand Is Driving Bitcoin, but Price Faces a Supply Wall Bitcoin gained roughly 10% in July, rebounding from lows near $58,000 to around $63,955 by July 24. However, Bitfinex analysts believe 3.55 million $BTC acquired near $68,000 are blocking a sustained move above that level. The analysts framed the market’s recent advance around crypto-native demand rather than broader technology-sector momentum and correlations: “What is driving $BTC price action in July is internal to the cryptocurrency market: exchange traded fund (ETF) flows and derivatives positioning.” According to Bitfinex, spot bitcoin ETF demand has become the dominant force behind July’s rally,…

A planned dollar stablecoin backed by 21 global financial institutions will begin with regulatory resources, corporate relationships, and international payment connections. Four industry executives told crypto.news, however, that institutional backing will not guarantee adoption unless the token can match the liquidity, accessibility and portability already offered by $USDT and $USDC. The consortium committed to forming a new stablecoin company during the second half of 2026, subject to closing conditions. Its members include Bank of America, Citi, Goldman Sachs, Deutsche Bank, UBS, and other financial institutions across North America, Europe, Asia, Africa, and the Middle East. The unnamed venture intends to…

Solana ($SOL) is now available on the $XRP Ledger DEX, Hussein Zangana (Vet), $XRP Ledger Foundation director of community, revealed in a recent post. Wrapped and issued by Axelar, this move connects Solana and the $XRP Ledger. As the $XRP DEX is native, users will be able to access Solana on $XRP Ledger-based platforms. They can swap $SOL on the XRPL DEX through the XPMarket, First Ledger, and Magnetic platforms. They can also access $SOL directly within Xaman Wallet through the Swap widget. Very important this is the only legitimate issuer currently. Beware of fakes, all mentioned platforms in the…

A federal judge in Washington dismissed a defamation lawsuit filed by $XRP-focused influencer Jake Claver against content creator Zach Rector on September 2, ruling that Rector’s 2025 videos about Claver’s Digital Ascension Group and Digital Wealth Partners contained no actionably false statements. What the Videos Referenced The dismissed lawsuit, according to reports, centered on three videos Rector posted alleging misconduct tied to Claver’s businesses. According to court documents, the videos drew on Claver’s own admissions in a separate New York lawsuit filed by payments processor Verivend Inc., in which Claver acknowledged fabricating emails, wire transfer confirmations, and a screenshot of…

The world’s leading cryptocurrency exchange, Binance, has chosen Kazakhstan to establish a regional hub for international settlements. The initiative stems from a memorandum recently signed with the country’s central bank, part of a series of new agreements with Astana. Biggest crypto exchange to process payments from Kazakhstan Binance, the largest coin trading platform by daily volume, intends to create a settlement center in Kazakhstan, which will process payments for customers in the post-Soviet space. The plan was made public by the National Bank of Kazakhstan (NBK), with which the cryptocurrency exchange signed a memorandum of understanding to that effect a…

Bitcoin ($BTC) fell more than 1.6% on Friday as its latest price correction accelerated after Wall Street opened. Key points: Bitcoin price downside pressure mounts on the back of multiple macro headwinds. US bond yields further a hawkish pivot in Fed interest-rate expectations. $BTC price analysis sees a Binance “plunge protection team” attempting to shore up the market. Analysis warns US bond yields now “well above” target Data from TradingView showed $BTC/USD approaching $64,000 as bulls struggled to preserve recent gains. $BTC/USD one-hour chart. Source: Cointelegraph/TradingView Geopolitical tensions and macroeconomic headwinds weighed on crypto markets as appetite for risk assets…

The industry’s funnel also narrows sharply beyond its earliest stages. Of 3,957 blockchain companies tracked by Tracxn, 1,323 have received equity funding, but only 167 have reached Series A or later. Fifty have reached Series B, 14 Series C and just four Series D or beyond. Singapore dominates Geographically, Southeast Asia’s crypto investment market basically starts and ends with Singapore. The city-state accounts for 82.5% of the regions’s $6.2 billion cumulative blockchain funding and is home to 2,285 if the companies tracked, Tracxn said. Jakarta, Indonesia is the next largest funding hub, which accounts for just 3%. Exits are also…

The slowdown in the Shiba Inu ecosystem has also extended to its layer two network, Shibarium, as participation across its spot and DeFi markets continues to hit low levels. While its volatile price movements still persist, the latest data from DefiLlama shows that its DEX volume is heading towards zero as momentum remains bearish. What’s behind the drop? The data shows that the DEX volume of the Shibarium network has plunged significantly by 97.46% over the last week, as its decentralized exchange activity slows down. This shows that trading activity across the Shibarium layer two network is sitting at just…

A Dubai court has given Matthew William Brittain until Sept. 7 to explain where money used for legal and advisory bills ultimately came from in a dispute over $456 million connected to TrueUSD reserves. The Sept. 1 order adds a near-term disclosure deadline to proceedings in the Dubai International Financial Centre Courts. Techteryx, the claimant seeking the information, has obtained a proprietary injunction and worldwide freeze against Aria Commodities DMCC covering $456 million transferred from Legacy Trust and First Digital Trust, along with traceable proceeds. Earlier DIFC court reasons for the freeze identify the money as part of the reserves…

Financial instruments backing institutional companies’ Bitcoin reserves may create selling pressure on certain dates. Matthew Sigel, head of digital asset research at VanEck, shared a list of how companies use their Bitcoin reserves. This list provides information on Bitcoin’s position in companies’ capital structures. Companies may be forced to sell Bitcoin to fulfill financial obligations such as paying off debts or distributing dividends. Corporate Finance and Bitcoin Selling Pressure Many companies use convertible bonds, preferred shares, and loan facilities to finance their Bitcoin reserves. These financial instruments come with specific maturity and dividend dates and may require companies to sell…