Author: NBTC

Bitcoin briefly fell below $60,000 due to outflows from US spot ETFs, a more hawkish Fed, and a stronger dollar. This situation has increased concerns that the decline could turn into a prolonged bear market. At this point, analysts say Bitcoin is at a critical juncture, while one analyst argues that it’s still too early for $BTC to recover and that a drop to $55,000 is possible. Speaking to CoinDesk, FxPro senior market analyst Alex Kuptsikevich stated that it is still too early to expect a full-scale recovery for Bitcoin. Noting that Bitcoin is currently trading near its 200-week moving…

DefiLlama has announced a significant enhancement to its platform by tracking token rights for over 100 protocols and Layer 2s. This new feature aims to provide clearer insights into holders’ revenue, governance, economic rights, and other critical aspects of token utility. According to their official tweet, this development is crucial for ongoing discussions around governance and economic rights within the crypto space. The Latest The crypto market just witnessed a notable development as DefiLlama expands its tracking capabilities. The organization now monitors token rights for over 100 protocols and Layer 2 networks, a move that significantly enhances transparency in governance…

Ethereum co-founder Vitalik Buterin has named quantum resistance, scalability and privacy as three of Ethereum’s top priorities under a new “Lean Ethereum” strawmap, which lays out the network’s technical direction for the remainder of the decade. In a post to X on Saturday, Buterin said the collection of upgrades will roll out over the next three to four years, touching nearly every layer of Ethereum in a transformation he compared in scale to the September 2022 Merge, which shifted the network away from energy-intensive mining. “Quantum safety has shifted up a LOT in priority,” he said, adding that finalizing a…

In brief Franklin Templeton filed with the SEC on Thursday for two ETFs that would hold baskets of U.S. stocks and steer the dividends into Bitcoin. The funds track new VettaFi “Bitcoin DRIP” indices, starting with a 5% Bitcoin weighting that is capped at 20%. The filing adds to a crowded 2026 pipeline, with analysts expecting more than 100 crypto ETFs to launch this year. Global asset manager Franklin Templeton filed with the Securities and Exchange Commission Thursday to launch two exchange-traded funds that reinvest dividends into Bitcoin. The Franklin U.S. Equity Bitcoin DRIP Index ETF and the Franklin U.S.…

Synthetix governance has moved to retire sUSD, proposing to pay all holders back at face value in vested $SNX under SIP-423, introduced June 12. The stablecoin now trades at roughly $0.25 against its $1.00 target, per CoinGecko and DefiLlama. Synthetix founder Kain Warwick and core contributor Benjamin Celermajer authored the proposal. Under SIP-423, the sUSD contract would be frozen and deprecated. Each eligible sUSD holder would receive four $SNX tokens per sUSD, at a conversion that values $SNX at $0.25 and sUSD at its intended $1.00 face value. The $SNX tokens carry a one-year lock followed by a one-year linear…

Revolut is pouring more than €1 billion ($1.1B) into France over the next three years, establishing a new Western Europe headquarters in Paris and signaling one of the largest fintech commitments the country has seen. The announcement came at France’s Choose France investment summit, where the London-based company laid out plans that go well beyond a vanity office with a nice view of the Seine. The investment is designed to create at least 200 new jobs in France by 2030, with the company also pursuing a full French banking license. For a fintech that already serves over 7 million customers…

Jiang Zhuoer, one of China’s best-known bitcoin BTC$59,300.56 miners and founder of the LeBit mining pool, predicted that the current bear market will bottom in the fourth quarter at roughly $42,000-$44,000. The forecast, made in Chinese on X, puts the low some 30% below bitcoin’s current level near $60,700, and rests less on the cryptocurrency’s performance than on Strategy, the largest corporate holder of the token, according to an automated translation. Jiang analyzed Strategy’s market net asset value (mNAV), the ratio of the company’s stock price to the per-share value of the bitcoin it holds, which has dropped to 0.72.…

Scopuly, a non-custodial cryptocurrency wallet and decentralized exchange, has announced a major wallet upgrade with the addition of WalletConnect support that allows users to securely interact with Stellar-based decentralized applications (dApps) directly from the Scopuly Wallet. The primary purpose of this development is to provide secure, seamless access to Stellar dApps, Decentralized Finance (DeFi), and Web3 services. 🚀 Scopuly Opens a New Gateway to DeFi, Web3, and Stellar dAppsScopuly Wallet is taking an important step forward.With WalletConnect support, Scopuly users can now connect to compatible Stellar dApps, review transaction requests, and sign directly from their wallet — without… pic.twitter.com/Rtan7spXWS —…

F2Pool co-founder Wang Chun reportedly transferred a portion of his WBTC and $ETH purchases from June to Binance, making a profit of approximately $3.4 million at current prices. According to on-chain data, Wang Chun purchased approximately 70,600 $ETH and 966 WBTC in June. The total value of these purchases is estimated to be around $117 million for $ETH and approximately $60.29 million for WBTC. Following the recovery in the cryptocurrency market in July, Wang Chun reportedly transferred 36,600 $ETH and 160 WBTC to Binance in recent days. These transfers are believed to be aimed at profit-taking after the dips seen…

Prominent financial commentator and Euro Pacific Capital Chief Economist Peter Schiff has launched a scathing attack on Strategy (MSTR), its founder Michael Saylor, and mainstream financial media after a sharp correction in the company’s equity. Schiff, a notorious Bitcoin skeptic, is convinced that the company’s heavily leveraged crypto-treasury model is unwinding. An orange jumpsuit? According to Schiff, the financial mechanics supporting MicroStrategy’s acquisition of digital assets are currently unravelling. They are dragging their stock, debt instruments, and the broader cryptocurrency market sharply lower. “The financial house of cards Saylor built is collapsing,” Schiff stated. “MSTR’s per-share discount to its Bitcoin…