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.

What to expect in the week ahead for the altcoin market: KAITO, STX and more

In the next few days, the altcoin market is gearing up for a range of major events in the crypto space that could potentially influence price action and market sentiment. Here are just a few major token events to look out for in the week ahead. From token unlocks to project roadmaps, these altcoins are preparing to unveil a number of highly anticipated announcements that will keep traders on the edge of their seats and watching the charts closely. Here are a few altcoin announcements to keep an eye on in the following week: APT: 65m APT unlocked on May…

AltcoinsJul 8

A Bitcoin Mining Powerhouse Emerges

In the dynamic world of digital assets, few announcements resonate as strongly as those demonstrating a company’s unwavering commitment to the core principles of cryptocurrency. Recently, Canaan (CAN), a prominent Nasdaq-listed Chinese entity known both as a crypto mining equipment manufacturer and a dedicated mining company, made headlines with its impressive operational update. Despite facing typical industry hurdles, Canaan reported mining 88 BTC in June, bringing its total Bitcoin Holdings to a staggering 1,484 BTC as of June 30. This isn’t just a number; it’s a powerful statement about financial resilience and a strategic long-term vision in the realm of…

MiningJul 8

Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates

Bitcoin BTC$107,889.53 is currently consolidating between $107,000 and $109,000, remaining just a few percentage points shy of its all-time high. While this tight range may appear stable on the surface, on-chain data suggests a shift in sentiment among some of the market's most influential participants, the large holders known as whales. Glassnode’s Accumulation Trend Score, a measure of accumulation behavior across various wallet-size cohorts, offers deeper insight into this evolving market dynamic. The metric evaluates the strength of purchasing by combining the size of wallet entities with the volume of bitcoin acquired over the past 15 days. For the largest…

BitcoinJul 8

Circle's stock surged 500% after its June IPO, reaching a $42 billion market cap

Crypto company Circle ripped through the New York Stock Exchange on June 5, launching what has become the loudest comeback for tech IPOs since the 2021 peak. Backed by Accel, Breyer Capital, and General Catalyst, Circle’s stock opened strong, then exploded. Now it’s up six times its IPO price, sitting on a $42 billion market cap. That rally shoved three years of frozen IPO dreams back onto the table. This surge didn’t happen in isolation. Halfway into June, the US Senate passed the GENIUS Act, laying out a federal rulebook for stablecoins tied to the dollar. That legislation sent Circle’s…

MarketsJul 8

DeFi Development Soars 20% as Solana Holdings Top $100M With Latest Purchase

DeFi Development (DFDV), the Nasdaq-listed real estate tech firm formerly known as Janover, bought more of Solana's SOL SOL$179.51, taking its total crypto holdings above $100 million, the company announced on Monday. The firm said it acquired 172,670 SOL at an average price of $136.81. The $23.6 million purchase is the largest since its crypto pivot last month. The Florida-based company now holds 595,988 SOL, worth nearly $105 million at current prices. The company said the tokens will be held long-term and staked with a range of validators, including its own, to earn staking yield. DeFi Development's updated per-share exposure…

AltcoinsJul 8

Core Scientific Cut to Neutral as CoreWeave Deal Adds Complexity: H.C. Wainwright

Shares of bitcoin miner Core Scientific (CORZ) were downgraded to neutral from buy by broker H.C. Wainwright, which cited heightened risk exposure following the company's recently announced deal with AI cloud provider CoreWeave (CRWV). The brokerage removed its price target on the stock, noting that Core Scientific’s performance is now more tightly linked to CoreWeave’s trajectory. Core Scientific shares were 1.3% higher at publication time, trading around $15. The stock fell 18% yesterday following news of the deal. CoreWeave was 2.6% lower. AI infrastructure firm CoreWeave said Monday it agreed to buy Core Scientific in an all-stock transaction valuing the…

MiningJul 8

Chinese Analyst Says, “I Have Good News and Bad News for Bitcoin,” Warns About Next Week

Famous Chinese cryptocurrency analyst Willy Woo shared his latest assessments of the market on social media. Woo drew attention to both positive and possible negative developments for investors. Woo said in his statement about Bitcoin, “I have some good news and maybe some bad news for you.” Evaluating the general liquidity situation of the market, the analyst gave optimistic messages in terms of the long-term outlook. Woo said, “The risk signal is in a downtrend, which shows that the general market environment is dominated by buying liquidity. The ground is being prepared for a new strong uptrend in the long…

BitcoinJul 8

Internet Capital Markets: An Investor’s Guide

Blockchain and crypto market have unimaginably revolutionized how money is invested, raised and distributed. In the past, there used to be circuitous paths full of red tape if someone wanted to start their own business. Nowadays you are just one social media post away from initiating a startup. Internet Capital Market is a name given to digital assets that enable anyone not only to invest money but also raise capital for different purposes. What Hampers a Startup in Traditional Markets Traditionally, if you want to launch a business, you need to convince some venture capitalist to inject capital and deploy…

MarketsJul 8

Why Ripple Holding a Large Volume of XRP Is Beneficial to XRP Adoption

A fresh perspective on Ripple’s massive XRP holdings has brought back discussions within the crypto community. XRP community researcher Anderson argues that Ripple’s large stash of XRP is a strategic advantage, not a flaw. He states that Ripple’s holdings align its financial interests with XRP’s long-term adoption and value growth. Ripple’s Incentives Tied to XRP’s Success According to Anderson, Ripple holding a significant volume of XRP gives the company a strong incentive to prioritize building out the XRP Ledger (XRPL) ecosystem. If Ripple held little to no XRP, it would lack the financial motivation to prioritize XRP over competing blockchains.…

AltcoinsJul 8

Amber International Bolsters Crypto Reserve Strategy with $25.5 Million Private Placement

Amber International Holding Limited (Nasdaq: AMBR), a prominent player in institutional crypto financial services operating as "Amber Premium," has made significant strides in its $100 million Crypto Ecosystem Reserve Strategy. This progress is fueled by a recently announced $25.5 million private placement supported by leading global investors. — Institutions subscribed at $10.45 per American Depositary Share (ADS), reflecting a 5% discount to the average price over a three-day period. This translates to $2.09 per Class A ordinary share, with the placement involving 12,200,915 Class A ordinary shares—equivalent to 2,440,183 ADSs. Notable participants include CMAG Funds, Mile Green, Pantera Capital, Choco…

MarketsJul 8