Author: NBTC

As global demand for bitcoin investment products weakens and redemptions accelerate, the annual net inflow figure has once again slipped into negative territory. Norwegian digital asset research and brokerage firm K33 reports that this indicator entered the red for the first time since November 4, 2023. Meanwhile, the price of bitcoin has fallen 6% for the week, trading below $62,000. Annual flow turns negative again K33’s Head of Research, Vetle Lunde, noted that as of June 18, the annualized hypothetical net inflow across bitcoin-focused investment vehicles has dropped to negative 1,176 $BTC. This calculation covers both exchange-traded products and futures-based…

KOSDAQ-listed Parataxis Ethereum has announced the purchase of an additional 1,050 Ether ($ETH), bringing its total corporate holdings to 10,449 $ETH. The acquisition reinforces the company’s status as the largest corporate holder of Ethereum in Asia and the 13th largest globally. Strategy Behind the Accumulation The company stated that the latest purchase is part of a broader Digital Asset Treasury (DAT) strategy. Parataxis Ethereum plans to reinvest network rewards generated from staking and operating Ethereum, along with the resulting increase in corporate value, into its core business research and development. The approach aims to create a virtuous cycle where returns…

Solana co-founder Anatoly Yakovenko publicly rejected Senator Bernie Sanders’ AI jobs warning. The senator argues artificial intelligence (AI) and robotics could wipe out millions of American jobs. Sanders paired the warning with a renewed call to ban super PACs. Yakovenko answered with a string of posts defending markets, profit, and decentralized finance (DeFi). Sanders’ AI Jobs Warning Meets a Free Market Rebuttal The Vermont senator said Congress has abandoned workers threatened by automation because of industry money. Is Congress doing anything to help the millions of workers who could lose their jobs to AI and robotics? No. They’re intimidated by…

Humanity Protocol has announced a full token migration and 1:1 airdrop of a new H token, the project’s first concrete step to compensate holders after the $36 million exploit on June 8. The team posted the recovery plan on X on Monday. It confirmed that the former H token on Ethereum, $BNB Chain, and Humanity Mainnet has been sunsetted and replaced with a newly audited ERC-20 contract deployed on Ethereum. New tokens will be airdropped 1:1 to holders based on snapshots taken on Ethereum, $BNB Chain and Humanity Mainnet, on June 8, just before the exploit. The H token was…

European Union officials are reportedly planning to revise the Markets in Crypto-Assets (MiCA) framework amid the implementation of a US law on stablecoins. According to a Wednesday report from Euronews, EU officials planned to revisit proposed changes to MiCA to broaden the framework’s scope, specifically regarding non-EU companies issuing stablecoins. The revised rules, which authorities will reportedly consider in 2027, were in response to the US government’s Guiding and Establishing National Innovation for US Stablecoins, or $GENIUS, Act, putting pressure on EU officials to clarify how US stablecoin issuers could be regulated in member states. Officials will also reportedly consider…

Monad’s DeFi ecosystem has seen significant increases in liquid assets since November, which reflects an increase of participants in this environment. The Total Value Locked (TVL) within the Monad [MON] network rose from approximately $80 million in November to a high of $477 million. This rise indicates substantial capital flows into Monad. This growth began at a moderate pace and then accelerated rapidly beginning in March. As of April, the TVL in the network was greater than $400 million. More recently, Aave [$AAVE] V3 launched on Monad, and it attracted almost $100 million in deposits. Source: X Additionally, MetaMask chose…

Ethereum has been trying to recover from its early June sell-off, but the rebound is getting rejected from a technically significant resistance area. While short-term momentum still remains constructive, both the daily structure and the Coinbase Premium Index suggest buyers still have work to do before confirming a broader trend reversal. Ethereum Price Analysis: The Daily Chart The daily chart shows $ETH trading around $1.74K after bouncing from the major demand zone at $1.5K. That area once again attracted buyers and produced a sharp recovery, allowing the asset to attack the $1.85K region once more. Despite the rebound, Ethereum remains…

Michael Saylor’s Strategy (formerly MicroStrategy) may need to rebuild its dollar reserves to restore investor confidence and reduce concerns about future bitcoin sales, according to JPMorgan analysts, who have now turned “cautious” on digital assets. Strategy’s recent decision to sell 32 bitcoin “spooked” markets even if the sale was “symbolic and voluntary,” intended to demonstrate the company’s commitment and flexibility to preferred stockholders, JPMorgan analysts led by managing director Nikolaos Panigirtzoglou said in a report titled Alternative Investments Outlook and Strategy published Friday. The analysts said Strategy’s current dollar reserves cover only about 6.3 months of dividend payments, adding to…

As the Japan music Idol event continues to approach, the chairman of SBI Holdings, Yoshitaka Kitao, is seizing the opportunity to boost crypto adoption in the region. Kitao has revealed plans to roll out a new reward campaign that offers crypto rewards, NFTs, and pop culture benefits to fans of the popular event if they apply for the SBI Visa Crypto Card. This has caught the attention of the $XRP community as the incentive program offers card applicants the opportunity to receive $XRP as rewards. $XRP gains spotlight The launch of the $XRP-featured reward campaign comes as the popular 16-member…

Coinbase is adding support for Bittensor’s $TAO token, giving the decentralized AI asset a fresh liquidity boost on one of the most visible U.S.-facing exchanges. TL;DR Coinbase has announced support for Bittensor ($TAO) spot trading. The listing expands access to a leading decentralized AI token. $TAO’s experimental label keeps the risk profile front and centre. The listing lands in a market that still wants exposure to crypto’s AI narrative, even as traders become more selective. Bittensor has remained one of the more serious names in the category because it is built around an incentive network for machine intelligence rather than…