Author: NBTC

Bitcoin BTC$68,358.29 held onto gains Monday after an early surge above $70,000, but the rebound’s fate now hinges on what’s next between the U.S. and Iran. The move followed U.S. President Donald Trump’s announcement of a five-day pause on strikes against Iranian energy infrastructure, citing “productive” diplomatic talks. Iranian officials denied the existence of talks, but markets largely brushed it off, with risk assets holding firm through the session. Bitcoin hovered just below $71,000 later in the session, up 3.8% over the past 24 hours. Altcoins outperformed, with ether (ETH), solana (SOL) and DOGE$0.09045 each gaining around 5%. Crypto-linked equities…

Circle, the company behind the $USDC stablecoin, has announced plans to launch cirBTC, a wrapped Bitcoin product designed to meet regulatory compliance standards. CEO Jeremy Allaire shared the news via X, stating that cirBTC will be fully backed 1:1 by Bitcoin held in direct custody by Circle, a regulated financial institution. What is cirBTC and How Will It Work? cirBTC is a tokenized version of Bitcoin that will operate on the Ethereum network and Circle’s proprietary Layer 1 blockchain, Arc. Unlike some existing wrapped Bitcoin products that rely on third-party custodians or decentralized bridges, cirBTC’s backing will be held directly…

Tom Lee, founder of Fundstrat and head of BitMine, the largest Ethereum company, has made new statements regarding Ethereum ($ETH). Tom Lee, who stated that he is very optimistic about $ETH, analyzed the reasons that caused the price to fall. Tom Lee, posting from account X, stated that Ethereum is facing selling pressure in the short term, particularly due to rising oil prices. Lee argues that the increase in oil prices over the past six weeks is the main reason for the decline in $ETH prices. Lee notes that the negative correlation between $ETH and oil prices is at an…

Crypto trading firm GSR has launched its first exchange-traded fund (ETF), entering a fast-growing segment of the digital asset market as investor demand for regulated crypto exposure continues to rise. The GSR Crypto Core3 ETF, trading under the ticker BESO on Nasdaq, offers exposure to three major cryptocurrencies, including bitcoin , ether (ETH) and solana (SOL). The fund carries a 1% management fee and includes both active portfolio management and the ability to earn staking rewards on eligible assets. The launch comes as crypto ETFs have gained traction with both retail and institutional investors seeking easier access to digital assets…

Canadian crypto users have long been forced into an awkward workaround: convert their loonies to US dollars, buy a USD stablecoin, then finally do something useful onchain. CADD, Canada’s first regulated Canadian dollar stablecoin, just landed on Coinbase’s Base network, and it’s designed to kill that extra step entirely. Launched on May 4 by Tetra Digital Group, CADD is pegged 1:1 to the Canadian dollar and backed by CAD reserves. It received regulatory approval from the Alberta Treasury Board and Finance, making it not just another stablecoin experiment but a fully sanctioned financial product operating within Canada’s regulatory framework. What…

Bank of England Governor Andrew Bailey has warned that international regulators could face a difficult confrontation with the United States over how stablecoins should be governed across global payment systems. According to Reuters, Bailey said at a conference on Friday that stablecoins would only function properly in international payments if regulators agreed on common standards, adding that discussions with the U.S. administration were likely to become a “coming wrestle.” Bailey’s comments came as the Trump administration continued backing stablecoin adoption through the GENIUS Act, which established a regulatory framework for issuers in the U.S. Dollar-backed stablecoins currently dominate the sector,…

Coinbase announced it will suspend futures trading for three altcoins. According to the company’s announcement, $TRIA-PERP, $NEO-PERP, and $IMX-PERP trading will be suspended on June 4th at approximately 13:00 UTC (16:00 UTC+3). It was stated that all open positions on the exchange would be automatically closed at the time of trading halt. The final settlement price will be calculated based on the average index price during the 60-minute period prior to the trading halt. Coinbase also announced that the funding rate would be set to zero for the last funding period prior to the final settlement. Related News Bloomberg Analyst…

ChimpX, a notable decentralized network, has partnered with t3rn, a cutting-edge cross-chain execution platform. The collaboration aims to improve interoperability across chains. As ChimpX revealed in its official social media announcement, the joint effort enables streamlined execution of consumer intents across diverse chains. With the use of the solver-powered framework, the development endeavors to provide a decentralized execution economy to strengthen projects, developers, and users alike. PARTNERSHIP 🤝ANNOUNCEMENT @ChimpxAI × @t3rn_io t3rn is building a cross-chain execution protocol where solvers compete to fulfill intents across chains, creating a decentralized execution economy for Web3.⚡️Cross-chain intent execution⚡️Solver-powered ecosystem⚡️On-chain… pic.twitter.com/9lJ4kVboO5 — ChimpX (@ChimpxAI)…

Bitcoin is currently trading near $70.3K. $249M in $BTC liquidations hit the market. Bitcoin is currently trading in a key consolidation zone, referred to as a no-trade zone, between $65,636 and $70,685. This range has seen heavy activity, with over 1.72 million $BTC exchanged. It makes it a strong area of both support and resistance. Also, the buyers and sellers are creating uncertainty in the market. Until the asset breaks above $70,685 or drops below $65,636, a clear trend is unlikely to form. Moreover, a breakout could trigger bullish momentum, while a breakdown might lead to further downside. Currently, the…

Tracking stablecoin flows is useful for gauging whether the market is in a risk-on or risk-off phase. From a technical standpoint, the TOTAL crypto market cap dropped about 5.8% last week, marking the sharpest decline in over two months. With Bitcoin already expected to have a weak May and sitting only 1% up so far, these outflows lean toward a more risk-off setup rather than aggressive accumulation. Against this backdrop, there was another notable development: Someone recently pulled about $128.4 million in $USDC from Aave and sent it to an unknown wallet. Analysts flagged the transfer within minutes, and they…