Author: NBTC

A prominent early investor in Shiba Inu ($SHIB) has been steadily reducing their position over the past month, selling approximately 3.8 trillion tokens worth around $20.73 million, according to on-chain data reported by blockchain analytics firm EmberCN. From $13,700 to Billions: The Whale’s Journey The investor originally purchased a staggering 103 trillion $SHIB tokens in 2020 for just 37.8 $ETH — valued at roughly $13,700 at the time. That initial bet placed the whale in an extraordinarily advantageous position when $SHIB’s market capitalization exploded in 2021, pushing the value of their holdings to a peak of approximately $9.1 billion. At…

Recently, Grayscale highlighted the impressive capabilities of Sui Network, stating it can process 300,000 transactions per second with no hard ceiling on scalability. This assertion was shared in a tweet by Grayscale, underscoring the potential impact of Sui’s technology on the blockchain landscape. You can view the original tweet here. Breaking It Down The broader crypto market remains in a state of flux, with mixed signals emerging across various assets. Within this environment, Sui Network’s announcement of its high transaction capacity stands out as a significant development. By processing up to 300,000 transactions per second, Sui positions itself as a…

The Central Bank of Russia just escalated its legal war with Europe. On May 25, the CBR filed its second lawsuit with the General Court of the European Union, this time targeting a regulation that allows the bloc to channel proceeds from frozen Russian assets into a €90 billion ($105 billion) loan package for Ukraine. The first lawsuit, filed in March, challenged the indefinite freeze itself. This one goes further, arguing that actually spending the money crosses a different legal line entirely. What’s actually at stake The EU has held approximately €210 billion ($244 billion) in Russian sovereign assets frozen…

On-chain data shows that Ripple has burned up to $539 million worth of $RLUSD in the past 30 days, with most of these burns occurring on the Ethereum network. The Ripple stablecoin, $RLUSD, has continued to record impressive growth since its launch in December 2024. Interestingly, recent developments suggest Ripple may be pivoting more toward the $XRP Ledger while reducing the stablecoin’s supply on Ethereum. Ripple Burns 539M $RLUSD in 30 Days According to data sourced by a community-driven $RLUSD tracker developed by validator Vet, Ripple has burned $539 million in $RLUSD since May 23, 2026, with burns outpacing mints…

Bitcoin may fall to a bottom price of 42,000-44,000. $BTC is currently trading within the $61.4K mark. Jiang Zhuoer, a prominent Chinese Bitcoin miner and veteran market watcher, believes the current Bitcoin bear market could reach its final bottom between October and December 2026, with $BTC potentially trading in the $42,000–$44,000 range. The outlook is based on the behaviour of Strategy’s mNAV ratio, a metric that compares the company’s market value to the value of its $BTC holdings. According to him, mNAV has fallen to 0.72, approaching the cycle low of 0.7 recorded on May 11, 2022, during the previous…

U.S. spot Ethereum exchange-traded funds (ETFs) recorded a net inflow of approximately $29 million on July 2, marking the second consecutive day of positive flows, according to data from Farside Investors. The sustained inflow signals steady institutional appetite for direct exposure to Ethereum through regulated fund structures. Fund-level breakdown shows mixed flows BlackRock’s ETHA led the day with $29.7 million in net inflows, accounting for the vast majority of the total. Fidelity’s FETH added $0.8 million, while VanEck’s ETHV contributed $1.2 million. On the outflow side, Grayscale’s ETHE recorded a net outflow of $2.7 million, partially offsetting the gains from…

$USD1’s circulating supply expanded 9.7% over the past seven days to $4.85 billion, a 100th-percentile move on the World Liberty Financial-issued stablecoin’s three-month supply history. The dollar increase works out to roughly $427 million in new tokens between Monday last week and Sunday, according to DefiLlama’s stablecoin tracker. $USD1’s 30-day change is under 1%, so nearly the entire move happened in the past nine days, after a mid-June low of $4.34 billion. The asset is now the fourth-largest dollar-pegged stablecoin, behind Tether, USDC and Sky’s USDS. $USD1 circulating supply, March 25 to June 22, 2026. Trough $4.34B on June 13;…

A former quantitative trader at Headlands Technologies has been indicted for allegedly walking out the door with source code worth over $1 billion, then using it to build his own trading startup. If convicted, he faces up to 10 years in prison. Cheuk Fung Richard Ho, 36, was arrested on January 8, 2025, in Los Angeles. He faces one count of theft and attempted theft of trade secrets, brought by the US Attorney’s Office for the Southern District of New York. The case was built by the Complex Frauds and Cybercrime Unit with FBI involvement. What he allegedly stole, and…

Bitcoin price slipped near the $59,000 level, marking its second major drop this month. This drop has led the $BTC to fall more than 50% below its October peak. So, what’s the key reason why Bitcoin is dropping? MSTR Stock Crash, But Bitcoin Under Pressure One of the key factors behind Bitcoin’s decline is the sharp fall in MSTR Stock, which has dropped about 82% from its peak and recently hit a two-year low near $97, erasing more than $150 billion in market value. Adding to the pressure, Strategy recently sold 32 $BTC to help cover dividend payments, the company’s…

As the crypto market begins to see a rapid shift in investor behavior and momentum appears to be building again, Ethereum withdrawal transactions on Binance are beginning to retest record levels. According to the latest data provided by crypto analytics platform CryptoQuant, Ethereum withdrawal transactions on Binance have surged to their highest level in more than three years. 166,000 $ETH exit Binance in 24 hours Following the surge in Ethereum withdrawal activity seen on the leading crypto exchange, the data further showed that Binance recorded over 166,000 $ETH withdrawal activity in a single day. Apparently, this marks the strongest single-day…