Author: NBTC

Ethereum (ETH) has recorded strong gains over the past two weeks, rising from $2,111 on June 12 to $2,515 on June 25, reigniting hopes for a sustained bullish rally that could push the digital asset beyond the crucial $3,000 level. Ethereum Rally Marked By Shift In Dynamics According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Ethereum’s latest rally has been accompanied by a notable shift in market dynamics – including a flip to positive funding rates, a potential short squeeze, and a rise in ETH inflows to Binance crypto exchange. Recent data from Binance reveals a significant…

BOE Governor has cast doubt on the case for a digital pound for consumers, questioning its necessity even as the central bank moves ahead with developing a wholesale version for use between financial institutions. Bank of England Governor Andrew Bailey has expressed doubts about the need for a digital pound for everyday consumers, as initially reported by Bloomberg. Speaking at a conference in Kyiv, Ukraine, Bailey acknowledged the potential advantages of CBDCs like smart contracts and improved fraud protection, but questioned whether launching a consumer digital currency is necessary to realize them. He also said that BOE is “well on…

Cardano has been trading in a tight range this week, but a breakout could follow soon. With the SEC’s big ETF decision set for tomorrow, traders are hopeful that this could spark a bullish move for ADA. The odds of an ADA ETF approval have surged to 71% on Tuesday on Polymarket, the highest since April 20. This comes ahead of a key May 29 deadline for the SEC to decide on Grayscale’s proposed Cardano ETF. 🇺🇸 Grayscale’s Cardano $ADA ETF deadline for decision is this week.The SEC must approve, deny, or delay it by this Thursday, May 29.Do you…

Bitcoin exchange-traded funds have recorded three consecutive days of net outflows, with a total of $1.21 billion withdrawn from institutional products. The withdrawal marks the first billion-dollar exodus from BTC ETFs since mid-March, according to blockchain analytics platform Santiment. 💸 Bitcoin’s ETF’s have seen significant money outflowing for three straight days now. There has been a total of $1.21B in net outflows, marking the first time we’ve seen $1B or more moving out of ETF’s since the 2nd week of March. pic.twitter.com/Gz4cj60Dh1 — Santiment (@santimentfeed) June 4, 2025 Data from SosoValue shows that Tuesday alone saw $268 million exit the…

Ethereum (ETH) is facing a mix of relatively low prices and increased usage. The network is carrying a near-record level of transactions, while over 30% of the supply is locked. Ethereum (ETH) keeps building up a supply crunch, based on whale holdings and increased staking. Currently, around 30% of the supply is staked, with highly active inflows in the past few months. More than 35M ETH is staked on the Beacon chain, an all-time high. The trend for staking may continue, as ETFs are also allowed to include staking for passive income. ETH staking picked up again in Q2, leading…

USDC issuer Circle was buoyant in pre-market trading Friday, climbing above $236 ahead of the opening bell. That put it ahead of the $235 price target set by Wall Street research firm Seaport Global, which initiated coverage of the company today with a buy rating. But once the bell rang, the company’s stock, which trades on the NYSE under the CRCL ticker, settled and is currently changing hands around $228, or 14% higher than its previous close. Seaport announced that it was initiating coverage of Circle on Friday, before markets opened. The firm’s analyst Jeff Cantwell called the stablecoin issuer…

Rumble Cloud, the infrastructure arm of the video platform Rumble, has announced a new collaboration with TRON DAO, one of the largest decentralized autonomous organizations. Specifically, the partnership aims to bolster internet decentralization by combining TRON’s blockchain ecosystem with Rumble Cloud’s censorship-resistant infrastructure and scalable computing power. Rumble Cloud to Support TRON’s Infrastructure Goals Notably, as part of the initial phase of the partnership, Rumble Cloud will provide TRON DAO with access to its cloud services. These include a comprehensive suite of tools such as virtual machines, object and block storage, load balancing, and private cloud capabilities. The company positions…

According to data provided by analytics platform CryptoQuant, there has been a substantial uptick in Ethereum inflows to accumulator addresses. Notably, the largest spike in inflows took place in June 2025. This massive increase dwarfed the activity from the previous year. However, it should be noted that the ETH price has barely budged despite the massive accumulation spike. This could potentially indicate that whales are accumulating tokens on the cusp of another price rally. The accumulation spikes that took place earlier preceded price rallies, and this trend might continue this time around. The popular altcoin is also benefiting from increasing…

KindlyMD (NAKA), a Salt Lake City-based health-care data firm merging with bitcoin-focused holding company Nakamoto, raised another $51.5 million for bitcoin BTC$104,286.46 purchases, the companies announced Friday.The private placement equity financing round, also known as PIPE, was priced at $5 per share of common stock in KindlyMD. The financing was fully subscribed in less than three days, according to Nakamoto founder and CEO David Bailey. “We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible,” he said in a statement. This fundraising brings the firm’s total capital raise to around…

The U.S. Securities and Exchange Commission (SEC) has formally initiated a review of the WisdomTree XRP Trust, a proposed spot exchange-traded fund (ETF) that would provide investors with exposure to XRP XRP$2.30 . Filed by the Cboe BZX Exchange, the application marks the first formal SEC review of a U.S.-based spot XRP ETF. If approved, it would be the first spot XRP ETF in the U.S. — a milestone that could open the door for similar products across other crypto assets. The product would track XRP’s market price via the CME CF Ripple-Dollar Reference Rate, allowing investors to gain XRP…