Author: NBTC

$XRP spot exchange-traded funds (ETFs) have extended their streak of daily net inflows to nine consecutive trading days on Aug. 25. Investors added $23.87 million to the products despite a broader crypto market sell-off. According to SoSoValue data, the latest inflow pushed cumulative net inflows into U.S. spot $XRP ETFs to a rather impressive $1.6 billion. The funds held $1.46 billion in net assets at the close of trading. Bitwise is in the lead Bitwise’s $XRP ETF led the inflows on Tuesday with $11.02 million. Franklin Templeton’s fund is second with $6.39 million. Grayscale’s $XRP ETF attracted $4.28 million. Canary…

Ripple CEO Brad Garlinghouse said crypto has moved firmly into the mainstream. He has pointed to new data showing that more than 67 million Americans now own digital assets. “Crypto isn’t a fringe industry,” Garlinghouse said in a post on X after attending a White House crypto summit alongside President Donald Trump, SEC Chair Paul Atkins, CFTC Chair Michael Selig and other industry leaders. He added that the figures show “the crypto voter is alive and well.” Garlinghouse was referring to the National Cryptocurrency Association’s 2026 State of Crypto Holders Report, which found that crypto ownership in the U.S. has…

After posting a 7.36% ROI in July, Bitcoin [$BTC] appears to be on track for a bullish August. Backing this view, the Crypto Fear & Greed Index continues to hover in the “Fear” zone, a level that has historically marked strong accumulation opportunities. But the broader market is telling a different story. Instead of a clean bullish breakout, Bitcoin has started August caught in a classic FUD vs. FOMO battle, with FUD currently gaining the upper hand despite $BTC continuing to hold key support. As the chart below shows, the USD/JPY pair is on track to close the week down…

The Bank of Italy has released a report indicating that stablecoin-based cross-border remittances often fail to deliver the cost and speed advantages they promise, particularly when users convert digital assets back into local fiat currency. The central bank’s analysis, which examined 10 real-world remittance corridors linking Italy with Argentina, Brazil, South Africa, the United Arab Emirates, and Japan, found that while on-chain transfer fees averaged just 0.4%, the total cost to users was frequently higher than traditional services. Hidden Costs in the Cash-Out Process The report highlights that the primary expenses in stablecoin remittances occur during the conversion from cryptocurrency…

Aqua 1 Foundation, a UAE-based investment firm that became the largest investor in World Liberty Financial ($WLFI) with a $100 million governance token purchase, has its beneficial owner identified as Zhou Guren, a China-born individual, according to a report by Caixin. Zhou’s name now appears on a Chinese court’s public defaulter registry, with unpaid amounts across six related cases totaling tens of millions of yuan. Background and Context The disclosure adds a layer of complexity to the Trump family-linked crypto project, which has attracted significant attention from high-profile investors. Aqua 1’s investment surpassed that of Justin Sun, who had previously…

South Korea’s National Tax Service (NTS) has clarified that income generated from digital assets held in private wallets or on overseas exchanges is subject to taxation, according to a report from Digital Asset. The agency stated that residents’ income from transferring or lending digital assets is taxable regardless of where the assets are held. Scope of Taxation Broadens The NTS acknowledged practical limitations in fully identifying unreported transaction data from private-wallet activity, but it pledged to introduce transaction-tracking and analysis programs to prevent tax blind spots. This move signals a significant expansion of the country’s crypto tax enforcement, which previously…

Whale Alert reported two major Bitcoin transfers from Kraken totaling 2,957 Bitcoin [$BTC], worth approximately $186.6 million, into unknown wallets. The first transaction moved 1,800 $BTC valued at $113.56 million, while the second transferred 1,157 $BTC worth $73.06 million. Such withdrawals historically reflected coins leaving exchange custody, reducing immediately available trading supply instead of preparing assets for liquidation. Therefore, the latest movements revived discussion around institutional accumulation rather than short-term distribution. Large investors often preferred self-custody or custodial wallets after acquiring significant positions, especially during periods of market uncertainty. However, exchange outflows alone never guaranteed sustained upside because broader market…

Ethereum ($ETH) could reach $20,000 in the next few years, according to Credible Crypto. The premise for his thesis lies in $ETH’s trading range of five years, weak relative performance vis-à-vis Bitcoin ($BTC), as well as a potential rotation into higher-risk assets. Analyst Sees $ETH Breaking 5-Year Range As explained by the analyst in Sunday’s episode of the No Bs Crypto podcast, $ETH has been trading in a range of around $1,500 to $5,000 for about five years now, the token having touched both ends several times in the process, forming what he considers a large higher timeframe range. Additionally,…

In brief Strategy (MSTR) led crypto-linked equities, up 11.95% to $103.58, while Coinbase (COIN) rose 9.05% to $159.47. Circle (CRCL) added 9.44% to $78.50 and BitMine (BMNR) gained 9.68% to $20.05, tracking Bitcoin’s surge toward $70,000 and a market-wide short squeeze. Strategy and Coinbase also rank among Wall Street’s most shorted large-cap stocks, meaning today’s pop may be squeezing equity bears too. Crypto proxies in the stock market are staging their sharpest one-day rally of the summer. Bitcoin treasury Strategy, which trades as MSTR, led the pack, up 11.95% to $103.58, while Coinbase (COIN) climbed 9.05% to $159.47. Stablecoin issuer…

Injective’s weekly burn auction takes a share of the fees its apps earn, packages them into a basket, and auctions that basket off to the highest bidder in $INJ. The $INJ used to win is destroyed forever. This has run every week since December 2021 and remains one of the examples of tokenomics tied directly to network use. What Is the Injective Burn Auction? The burn auction is an onchain, first-price style bidding event built into Injective’s exchange and auction modules. It launched in December 2021, and its first round burned 40,000 $INJ. The idea is as follows: as more…