Author: NBTC

Goldman Sachs lowered its year-end gold forecast by $500 an ounce, citing expectations that the US Federal Reserve won’t cut interest rates this year. The revised target places gold at $4,900, down from earlier estimates of $5,400. It comes on the assumption that the next Fed cuts could be pushed to March 2027 and December 2027. “Our gold price views remain structurally constructive but tactically cautious, with near-term downside risk and medium-term upside risk,” Goldman Sachs commodity analysts Lina Thomas and Daan Struyven said, according to Bloomberg. A delay in US interest rate cuts could also weigh on cryptocurrencies, as…

An on-chain analyst has flagged a significant transfer of 150 million $ONDO tokens, worth approximately $49.56 million, from an Ondo Finance team multisig address to an anonymous wallet. The transaction, which occurred roughly eight hours ago, has raised concerns about a potential sell-off. Recurring Large Transfers from Team Wallet According to on-chain analyst ai_9684xtpa, the receiving address has been a regular recipient of large $ONDO transfers on a monthly basis. Since April 22, the address has accumulated a total of 425 million $ONDO, valued at around $147 million at current market prices. The analyst noted that funds from two previous…

Cecabank has launched a regulated cryptocurrency custody and trading infrastructure for financial institutions, bringing Renta 4 Banco onto the platform and extending its crypto-asset services under the European Union’s MiCA framework. According to a Jun. 11 announcement from Cecabank, the Spanish banking group has moved its crypto-asset service project into production after securing authorization to provide crypto-asset custody, transfers, and reception and transmission of orders (RTO). The rollout comes a year after the bank and crypto exchange Bit2Me revealed plans for a MiCA-ready platform for financial institutions that was awaiting regulatory approval. Under the arrangement, Cecabank provides the technological infrastructure…

Bitcoin BTC$59,346.45 could be approaching a major turning point after a rare combination of onchain indicators flashed signals that have historically coincided with market bottoms, according to Chris Sullivan, co-founder and portfolio manager at digital asset hedge fund Hyperion Decimus. In a recent report, the hedge fund explained that four proprietary onchain signals have aligned only five times during bitcoin’s 15-year history. Each previous occurrence marked a cycle bottom, although Sullivan cautioned that this time still lacks final technical confirmation. “We have literally like every box checked, except for a final pattern,” Sullivan said in an interview with CoinDesk. “Either…

After months of persistent underperformance that left Ethereum bulls deeply frustrated, the highly watched $ETH/$BTC cross-asset pair is finally showing signs of life. According to prominent market trader CarpeNoctom, the daily $ETH/$BTC chart is approaching a major convergence of technical buy signals. However, given the pair’s history of head fakes and false starts over the past year, market participants are remaining disciplined, waiting for definitive confirmation before aggressively entering the trade. Eyes on the Kumo Cloud The asset has spent the entirety of late 2025 and the first half of 2026 locked within a descending pitchfork channel. The $ETH/$BTC spot…

Digital asset company AllUnity is launching SEKAU, a Swedish krona-backed stablecoin issued under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The new token operates as an e-money token under MiCA, according to a statement shared with Cointelegraph on Friday. It is backed by segregated Swedish krona reserves and targets institutional settlement and cross-border payments. The launch follows AllUnity’s Swiss franc stablecoin rollout, extending its multi-currency stablecoin strategy under the EU’s MiCA framework. Banking Circle among SEKAU partners The launch of SEKAU is supported by a growing ecosystem of partners. Banking Circle, a regulated business-to-business bank and financial infrastructure company…

Institutional demand for the Ripple-linked $XRP cryptocurrency continues to surge. According to a recent announcement by Bitwise Asset Management CEO Hunter Horsley, $XRP exchange-traded products across both the United States and Europe have now topped $200 million in year-to-date net inflows. Bitwise’s $XRP products Recently, Bitwise became one of the most dominant players within the $XRP investment space. The crown jewel of this strategy is the Bitwise $XRP ETF (often tracked under tickers such as $XRP or 1XRP). It launched on the New York Stock Exchange (NYSE) in late 2025. The product is meant to provide both retail and institutional…

SEOUL — A senior economic adviser to South Korea’s ruling Democratic Party has called for urgent measures to stabilize asset markets, including digital assets, as the country grapples with a sharp downturn in cryptocurrency prices that has affected an estimated 10 million investors. Official Calls for Action Amid Market Turmoil Hong Seong-guk, chairman of the party’s National Economic Advisory Council, made the remarks during a parliamentary debate on June 11 marking the first anniversary of the Lee Jae-myung administration. Hong identified the digital asset market’s decline and the risk of a weakening South Korean won as pressing issues requiring immediate…

Bitcoin holder Strategy Inc.’s perpetual preferred stock, known as STRC or “Stretch,” is showing an increasingly tight link to bitcoin’s $BTC$59 390,46 price moves. This weakens its appeal as a relatively steady income provider. The 90-day correlation coefficient between the two has climbed to nearly 0.70, the highest level since the instrument debuted in July 2025, according to data source TradingView. The correlation has been rising since early this month, with both STRC and $BTC losing ground. While STRC has tanked 23% to $76 this month, $BTC’s price has slipped nearly 20% to under $60,000, hitting levels last seen in…

Is the Ethereum [$ETH] resurgence underway? The leading altcoin’s bulls have defended the $1,560 support level twice in June. At the time of writing, the price was at $1,767 and inching toward the psychological $2k mark. AMBCrypto reported that a whale had taken a $9 million loss after closing a short position on $ETH worth $54.1 million. The futures market data showed more active participation from retail traders. Alongside this potential short‑term revival, the monthly chart flashed a buy signal. The last two times this signal appeared, Ethereum rallied 235% and 182%, respectively. Source: CryptoQuant On the 3rd of July,…