Making sense of crypto.
NBTCNEWS

Author: 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.

Tornado Cash’s Roman Storm wins partial privacy defense in money laundering trial

Key Takeaways Tornado Cash co-founder Roman Storm is on trial for money laundering and sanctions violations, with proceedings expected to last three weeks. The judge ruled the defense can reference privacy but barred appeals to broader constitutional rights, limiting arguments around the “right to privacy.” Tornado Cash cofounder Roman Storm secured a partial courtroom victory Friday, as a federal judge ruled he can present arguments about privacy motivations during his ongoing criminal trial, though not under the banner of a constitutional “right to privacy.” The trial began this week and is expected to last three weeks. According to a report…

Coinpedia’s Fact Check Uncovers WazirX’s Alleged 55M XRP Transfers

A recent post by an anonymous Twitter user @TOOFAANARMY alleges that WazirX, one of India’s top crypto exchanges, transferred over 55.25 million XRP (valued at approx ₹1,500 crore) to Binance and other wallets between February 2023 and July 2024, just before the alleged ₹2,000 crore hack. The tweet claims the XRP originated from a wallet tagged rPPbi1iNXmvY9HmJ9sH9g4gxvgVEfN4NaZ, sparking fears of insider foul play or hidden activity. The user implies that these massive pre-hack transfers were suspicious and possibly linked to the aftermath of the WazirX exploit. Coinpedia’s Fact Check: WazirX CEO Responds To verify the claims, Coinpedia reached out to…

Texas Passes Bitcoin Reserve Bill – Pending Governor Abbott’s Signature

Texas is very likely to become the second US state with a Bitcoin Reserve, now that SB 21 passed the final House reading. Only the governor’s signature stands between it and becoming a law, and he has signaled his support. Despite recent setbacks, pro-crypto legislative efforts in the US are looking strong. Texas adopted language from New Hampshire’s successful effort, and future bills could do the same. Texas Might Have a Bitcoin Reserve by June 2 Just yesterday, Texas’ state legislature overwhelmingly voted to approve a state-level Bitcoin Reserve. This follows months of preparation, representing a continued level of enthusiasm.…

This Ethereum Metric Called The Bottom Ahead Of Rally, Says Analytics Firm

The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new post on X, Glassnode has talked about an Ethereum indicator from its joint report with cryptocurrency exchange Coinbase. The metric in question is the “Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as a whole are holding right now. The metric works by going through the transaction history of each coin on the network…

Stablecoin Market Stands at $257 Billion as USDT Holds Over 60% Share

USDT dominates stablecoins with 62.54% market share and highest trading volume. DAI leads mid-tier stablecoins in volume despite similar market cap to USDe. Smaller stablecoins show low volume, indicating limited market adoption. The stablecoin market remains a main element within the crypto industry, accounting for a total market capitalization of approximately $257.46 billion as of July 1, 2025. Representing 7.81% of the entire crypto market capitalization, stablecoins continue to serve as a major role in trading, liquidity provision, and as a bridge between traditional finance and digital assets. Recent data compiled by Phoenix Group shows a detailed view of the…

Lawmakers to review Trump’s CFTC chair nominee ahead of full Senate vote

The Senate Agriculture Committee will consider President Donald Trump’s nominee for chair of the Commodity Futures Trading Commission, Brian Quintenz, as lawmakers weigh a broader shift in crypto regulation that could dramatically expand the agency’s role. The committee is scheduled to review Quintenz’s nomination during a July 21 hearing, ahead of a full Senate vote regarding his appointment expected next week. His confirmation would come at a pivotal moment as Congress debates the Digital Asset Market Clarity (CLARITY) Act legislation. The legislation aims to establish a clear regulatory framework for the digital asset industry and designate a primary supervisor. Quintenz,…

Binance Announces Seamless Rebranding to SKY

Are you an MKR holder on Binance? Get ready for a significant update! Binance, one of the world’s leading cryptocurrency exchanges, has just announced a pivotal development concerning the Maker (MKR) token. This isn’t just a simple update; it’s a complete transformation as MKR prepares for its rebranding and a crucial token swap to Sky (SKY). Understanding the details of this Binance MKR swap is essential for all users. What Exactly is the Binance MKR Swap and Rebranding? Binance has officially confirmed its full support for the upcoming Maker (MKR) token swap and its exciting rebranding to Sky (SKY). This…

Russian government readies tougher rules for miners

Russia is preparing to impose new restrictions on cryptocurrency miners, including stricter punishments for violating existing bans and illegal mining activities. One of the proposed measures will allow authorities to remotely disconnect crypto mining facilities from the grid during periods when demand for electricity is at its highest. Russian government readies tougher rules for miners The Ministry of Energy in Russia has been tasked to finalize regulations for those involved in the extraction of digital currencies, the Interfax news agency reported, following a recent meeting of the Cabinet of Ministers in Moscow. According to a report issued after the meeting…

Bitcoin Fails to Breach $110,000 and Hold its All-Time High – What’s Next? 

Bitcoin (BTC) broke above a new all-time high of $109,000 before facing sharp resistance and pulling back. The quick reversal underscored the psychological weight of the $110,000 level, which now stands as a key hurdle for bulls. Despite the rejection, whale accumulation has quietly increased, signaling that large holders may be positioning for another leg up. Combined with bullish Ichimoku Cloud signals, BTC appears to be building a technical foundation—though follow-through above resistance remains essential. Whale Activity Picks Up: What 2,019 Large BTC Holders Could Mean for the Market The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—increased…

$443,680,000 in ETH Pulled in One Week as Whale Goes Hard on Ethereum

Whales have continued to bet big on leading cryptocurrencies like Bitcoin, Ethereum, and other major altcoins, as massive price surges have triggered heightening investors’ interest. Following this, an unidentified Ethereum whale has steered reactions with its consistent Ethereum purchases, according to recent data from on-chain analytics platform, Lookonchain. According to the data provided by the source, a single whale identified with the wallet “0x9684” has secured a massive 122,691 ETH from FalconX’s hot wallet in just one week. Previous data show that the whale has been consistently committing its funds to accumulating ETH in large quantities over the past week.…