Author: NBTC

The U.S. crypto reserves have been revealed to be 97% made up of Bitcoin, with Ethereum and stablecoins making up the remaining 3%. New data has shown that Bitcoin (BTC) makes up an overwhelming 97% of the United States’ newly centralized $20.9B cryptocurrency reserve. Ripple (XRP), Solana (SOL), and Cardano (ADA), tokens that President Trump included in his strategic crypto reserve announcement, were noticeably missing from the reserve despite the earlier hype caused by the president’s initial pronouncements. These numbers, provided by blockchain analytics firm Chainalysis, have given the public clarity as to what is inside of the U.S. government’s…

Tornado Cash co-founder Roman Storm issued one of his starkest rebukes yet of the Trump administration’s Department of Justice on Friday, arguing that if federal prosecutors prevail in the developer’s upcoming criminal trial, decentralized finance could be permanently destroyed.  “The DOJ wants to bury DeFi, saying I should’ve controlled it, added KYC, [and] never built it,” Storm wrote. “SDNY is trying to crush me, blocking every expert witness.” “If I lose, DeFi dies with me,” the crypto developer continued. “The dream of financial freedom, the code I believed in—it all fades into darkness. This isn’t just my end; it’s ours.”…

Cryptocurrency exchange Bullish has announced details for a trading competition that will take place in Q3 of this year. The total prize pool for the competition is $14 million, with $10 million going to the winner and the remaining pool being spread across first, second and regional winners. Unlike trading competitions of the past set up by the likes of Bybit and BitMEX, which targeted retail traders, the Bullish competition is aimed at professional traders, and they will be judged on an array of factors, including profit and risk metrics. These factors will be judged by industry veterans from Annamite…

The decentralized applications (DApps) built on Solana are already beating all others in terms of weekly revenue on the blockchain. The data indicate that Solana is among the top DApps in terms of millions of dollars per week. This increase in revenue underlines the fact that Solana is gradually gaining a leadership position in the decentralized finance (DeFi) industry. As the most popular DApp on Solana, Pump.fun generates more than 10.45 million in weekly revenue. Next comes Axiom with over 8.64 million, and then there is Phantom Wallet with 3.58 million. These figures indicate that the Solana ecosystem is thriving.…

Bitcoin (BTC) climbed towards $107K over the weekend, trading around $106,332 despite U.S. domestic unrest. President Trump deployed 2,000 National Guard troops to Los Angeles amid an immigration-related standoff. BTC showed strong support at $105,400 and broke resistance around $106,100 with strong volume. Bitcoin (BTC) continued its steady ascent over the weekend, trading above $105,623.12 and pushing towards the $107,000 mark, even as domestic tensions escalated in the United States, notably in Los Angeles. The cryptocurrency market appeared largely unfazed by the unsettling headlines, showcasing a degree of resilience that underscores its growing perception as a hedge against uncertainty. The…

In a significant development for the decentralized finance (DeFi) space, KyberSwap, a prominent multi-chain DeFi aggregator and liquidity platform, has announced a notable adjustment to its service offerings. Starting July 1, the platform will remove support for the ZKsync Era network from its aggregation feature. This decision marks a strategic move aimed at optimizing the platform’s performance and better aligning with current user needs and market dynamics. For anyone navigating the complexities of multi-chain DeFi, understanding these platform changes is crucial. What’s Happening with KyberSwap and ZKsync Era? The core of the announcement is straightforward: Kyber Network is ceasing the…

In the fast-paced world of cryptocurrency, every significant movement of digital assets can capture attention. Recently, a notable blockchain transaction involving the Ethereum Foundation surfaced, prompting discussions across the community. According to reports from Lookonchain on X, the Foundation transferred a sum of 1,000 ETH, valued at approximately $2.47 million at the time of the transaction, to a specific wallet address. While such transfers aren’t uncommon, the sheer volume and the entity involved make it a point of interest for those monitoring the Ethereum ecosystem and the broader crypto market. What is the Ethereum Foundation and Why Track Its Moves?…

This is a segment from The Breakdown newsletter. To read full editions, subscribe. “A chain is no stronger than its weakest link, and life is after all a chain.” — William James VanEck explains Strategy The investment case for bitcoin treasury companies can be confusing, so VanEck has done us a service by writing the definitive explainer on the various ways to invest in Strategy (MSTR, STRF, converts). The main vehicle, MSTR, is generally viewed as a leveraged bet on bitcoin, but VanEck details why that’s not exactly correct. Instead, MSTR is a “convexity” bet on the price of bitcoin…

Cryptocurrency analysis company Santiment has announced the crypto assets that have attracted the most attention on social media. According to the updated data released today, the projects that attracted the attention of users included Solana (SOL), Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple USD (RLUSD) and XRP. Here are the most talked about cryptocurrencies on social media today and their details, according to Santiment: XRP (XRP): XRP stands out thanks to its role in cross-border payment solutions, the advantages of the XRP Ledger technology, and Ripple’s corporate partnerships. Among the notable developments is that a China-based company called Webus filed…

India’s Income Tax Department has launched a fresh crackdown on potential tax evasion and money laundering tied to virtual digital assets, including cryptocurrencies. According to government officials and local reporting, the department has identified individuals and entities engaging in crypto transactions who failed to comply with the Income Tax Act, 1961. The Central Board of Direct Taxes recently sent emails to thousands of individuals, urging them to review and update their income tax returns if crypto income was misreported or omitted. The initiative is part of CBDT’s broader NUDGE campaign, aimed at encouraging voluntary compliance. This marks the third NUDGE…