Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Advisor to the US Treasury Secretary Joe Lavorgna Makes Important Statements About the Future of Cryptocurrencies

The US House of Representatives took a historic step in the cryptocurrency space. Three bills, the “Clarity Act,” the “GENIUS Act,” and the “Anti-CBDC Surveillance State Act,” were passed yesterday and presented for President Donald Trump's signature. According to Treasury Counselor Joe Lavorgna, these laws will further solidify America's global innovation leadership. Lavorgna, answering questions from Cheryl Cassone on Fox Business, stated that the new regulations represent a turning point not only for crypto assets but also for the broader American economy. “These laws not only clarify digital assets but also strengthen the US dollar's reserve currency status,” Lavorgna said.…

RegulationJul 20

Backpack launches FTX debt marketplace for claim holders

Backpack, the crypto exchange founded by former FTX insiders, has launched a new portal to help FTX creditors sell their debt claims directly to interested third-party buyers. The announcement was made on July 18 via a post on Backpack’s Chinese X account, where the company described the initiative as a “non-profit, neutral” service aimed at supporting the wider crypto community impacted by the 2022 FTX collapse. The new platform offers a one-stop process for claim holders, including identity verification, claim validation, offer confirmation, and final settlement, all completed within the Backpack interface. Backpack stated that it will not charge any…

ExchangesJul 20

He Gives a Price and Date for the Peak

While the world's largest cryptocurrency, Bitcoin, surpassed its all-time high (ATH) by reaching $ 109,358, remarkable statements came from two important names in the market. Experienced commodity trader and economist Peter Brandt and cryptocurrency analyst il Capo of Crypto evaluated the rise from different perspectives. Peter Brandt, who has been following the Bitcoin markets for a long time, argued that the ATH level should not be exaggerated technically, and stated that the rise is a natural process. According to Brandt, new records should not be exaggerated from a technical perspective, because the definition of a bull market is that it…

BitcoinJul 20

Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving It

Ethereum has extended its upward momentum this week, climbing over 20% in the past seven days and pushing past $3,600 for the first time in months. As of the time of writing, ETH trades at $3,617, marking a 5.4% increase within the past 24 hours. This rally has been drawing attention from analysts who are examining whether the price movement is being driven by sustainable investor demand or short-term speculative activity. Ethereum Futures Market Leads, But Spot Demand Lags Behind Data from on-chain analytics firm CryptoQuant suggests the recent uptrend in Ethereum’s price is primarily fueled by the derivatives market.…

EthereumJul 20

Solana Underperforms Ethereum as SOL ETF Commences Trading

Less than a week after Bloomberg ETF analyst Eric Balchunas reported that a Solana Staking ETF could launch soon, REX Shares’ Solana ETF went live today. However, SOL is underperforming ETH, despite decent trading volume on the ETF’s launch. SOL is up 4% today; however, ETH is leading all major tokens today and is up 6.9%, nearly reclaiming the $2,700 mark. Layer 1 Blockchains - CoinGecko The token's underperformance may be due to the ETF being treated as a “sell the news” event by holders, or could also be exacerbated by the ETF's controversial nature. This ETF in particular is…

AltcoinsJul 20

Russia considers allowing cryptocurrency payments on two islands

Russia should allow companies registered on two islands at both ends of the vast country to conduct settlements in cryptocurrencies, a Russian senator has suggested. The destinations are designated as special administrative regions, and the digital transactions there won’t clash with the central bank’s stance that crypto payments must be kept outside the nation’s main jurisdiction. Russia to trial crypto payments in the heart of Europe and the Far East Russian firms based in the special administrative regions (SARs) established on Russky Island, in the Far-Eastern Primorsky Krai, and Oktyabrsky Island, in the Pregolya River in Russia’s European exclave of…

RegulationJul 20

Alchemy Pay Invests in HTF to Build Compliant Crypto-Finance Bridge in Hong Kong

Alchemy Pay, a prominent fiat-crypto payment platform, has announced an exclusive investment in HTF Securities Limited, a Hong Kong-based entity regulated under the country’s Securities and Futures Commission (SFC). As per Alchemy Pay, it has invested in HTF Securities Limited via its corporate entities. The platform revealed the details of this endeavor in a recent social media post shared on its official X account. 🇭🇰#AlchemyPay has secured access to SFC Type 1/4/9 licenses via investment in HK-licensed firm HTF Securities Limited and will apply for the upgrade of the SFC Type 1 License. Looking ahead, we’ll work together to upgrade…

ExchangesJul 20

Bitcoin Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets

Bitcoin's BTC$106,546.31 surge to a fresh all-time record on Wednesday ran into a brick wall just below $110,000. After hitting a record of $109,754, BTC quickly fell to about 3% to the $106,000 area. At press time, the top cryptocurrency was trading just above $107,000 according to CoinDesk’s Bitcoin Price Index, modestly lower over the past 24 hours. Other cryptocurrencies took a hit as well, with ether ETH$2,534.64 and solana SOL$169.19 also slightly lower over the last day despite the early Wednesday run higher. The reason behind the price action may be as simple as traders taking profits on the…

BitcoinJul 20

Tom Lee Predicts $30,000 Per Ethereum As Treasury Frenzy Begins

Tom Lee devoted a six-post thread on X yesterday to a single proposition: if companies treat Ethereum (ETH) the way MicroStrategy treats bitcoin, the token price need only follow the mathematics of balance-sheet absorption to reach roughly $30,000. Lee’s argument rests on the mechanics he says really powered MicroStrategy’s spectacular equity rerating. From 11 August 2020 through today the software company’s shares climbed from $13 to about $455, a 35-fold gain. Only eleven of those thirty-five turns came from bitcoin’s own rise—roughly $11,000 to $118,000 in the same period—while twenty-five turns were created by “treasury strategy,” Lee wrote, meaning repeated…

EthereumJul 20

Data shows that almost 60% of transactions on XRPL are payments.

Payments remain the biggest use case of XRP Ledger, with weekly payments on the network increasing by more than 430% in less than two years. Data from Dune Analytics shows that weekly payment transactions on the network moved from around 1.5 million in 2023 to over 8 million in 2025. This represents almost 60% of the 14.1 million weekly transactions on the network. XRPScan data also supports this, showing that the daily payment transaction for July 1 was almost 967,000 for July 1 out of the total 1.53 million transactions on the network. Payments dominate XRPL activity (Source: Dune Analytics)…

AltcoinsJul 20