Author: NBTC

Jack Yi, founder of the crypto investment firm LD Capital, has stated that Bitcoin (BTC) is currently in its final downward phase. In a post on X, Yi outlined his analysis based on Elliott Wave theory and market cycle patterns, suggesting that the current decline represents the last major move of the ongoing bear market. Elliott Wave Analysis Points to a Bottom Yi noted that Bitcoin is undergoing its third downward wave since October of last year. According to Elliott Wave theory, which identifies recurring price patterns driven by investor sentiment, a third wave is often the strongest and most…

The launch, announced July 1 and shared with Bitcoin.com News, comes through a partnership between STBL and the Stellar Development Foundation. USST runs on STBL‘s Stablecoin 2.0 infrastructure and gives institutional holders of tokenized treasuries a way to access decentralized finance (DeFi) liquidity without giving up their yield-bearing positions. How USST Works Market participants deposit qualifying real-world assets ( RWAs), such as tokenized treasuries or money market funds, to mint USST. The protocol supports settlement, collateral mobility, and cross-border payments. Initial minting will run on eligible tokenized treasury collateral, starting with USDY. STBL says it plans to add Franklin Templeton‘s…

Strategy has received another Wall Street price target cut after Canaccord lowered its valuation on the company while maintaining that Bitcoin’s long-term investment case remains intact. Bitcoin outlook remains intact despite lower valuation According to a research note from Canaccord, the brokerage reduced its price target for Strategy to $130 from $163, citing the company’s prolonged share price decline rather than any change in its long-term view on Bitcoin. The revision comes as Strategy stock has struggled for months, even though the firm said its underlying investment thesis for the cryptocurrency remains unchanged. $MSTR | Canaccord maintains 𝐁𝐮𝐲 on 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲,…

Shiba Inu layer-2 blockchain, Shibarium, is facing scrutiny as on-chain data highlighted slowing network activity, limited token burns, and stagnant holder growth. The slowdown comes as $SHIB’s price continues to underperform. The meme coin is trading at low levels last seen in 2021, while investor attention shifts toward artificial intelligence-related crypto projects. Shibarium Network Activity Cools Recent data from ShibariumScan suggests network activity has slowed considerably compared to the expectations that surrounded Shibarium’s launch. The blockchain has processed more than 1.56 billion transactions and created nearly 270 million wallet addresses since going live. However, daily transaction volume has fallen to…

In brief Changpeng “CZ” Zhao and Binance were named in a lawsuit seeking nearly $200 million in the U.K. The suit alleges the firm offered risky financial products without appropriate regulatory approval. Nearly 1,700 British investors were listed as claimants. Global crypto exchange Binance and its founder Changpeng “CZ” Zhao have both been named in a U.K. lawsuit seeking nearly $200 million (£150 million), according to a report from Reuters. The lawsuit alleges that the firm offered complex and risky financial instruments, like leveraged trading products, without regulatory approval. The suit includes nearly 1,700 claimants, according to the report, some…

CoinGecko, one of the world’s largest cryptocurrency data aggregators, has excitedly displayed the list of top decentralized exchanges by holding volume over the last 24 hours. These cryptocurrency exchanges collectively hold trading volume of $3.18 Billion, having 32.28% changes over the previous day, and also have Decentralized Finance (DeFi) dominance of 6.5%. Here is the list of top decentralized exchanges (DEXs) in terms of holding trading volume, % market Share by Volume, and coins and pairs. These cryptocurrency exchanges are Uniswap V4 (BSC), PancakeSwap V3 (BSC), PancakeSwap Infinity CLMM (BSC), Uniswap V4 (Ethereum), Aerodrome SlipStream, Uniswap V3 (Ethereum), Aerodrome Slipstream…

Starknet recently amplified a widely shared post from @TheBlockCo, announcing StarkWare’s unveiling of its post-quantum roadmap. StarkWare describes this roadmap as crypto’s ‘strongest’ to date, marking a significant development in the ongoing evolution of blockchain security. This announcement is crucial as it addresses the potential future threats posed by quantum computing to cryptocurrency infrastructures. What Happened The broader crypto landscape continues to exhibit mixed signals, leaving many investors cautious. Starknet’s retweet of StarkWare’s ambitious post-quantum roadmap underscores a growing focus on security within the blockchain community. The roadmap aims to bolster defenses against quantum threats, positioning Starknet at the forefront…

Bitcoin, which fell to $60,000 in February, subsequently rose, but the sharp declines in June brought it below that level as well. Bitcoin’s rapid drop from $83,000 in May to $60,000 is thought to be influenced by factors such as Fed expectations, ETF outflows, and Strategy’s expectation of Bitcoin sales. At this point, Grayscale, one of the world’s largest cryptocurrency fund companies, analyzed the reasons for the decline in Bitcoin and listed its expectations for the future. In a recent report, Grayscale listed four main reasons for the decline in Bitcoin. The first, they stated, was a shift in expectations…

“We looked around, didn’t see anyone else stepping up,” Dietrichs told CoinDesk in an interview. “After two months of that, we looked at each other and said, ‘Well, if no one else is stepping up, then it has to be us.'” Dietrichs, along with four other former Ethereum Foundation researchers and developers, some of whom left the foundation just this year to launch EthLabs, a nonprofit dedicated to advancing Ethereum’s technical roadmap with a stronger emphasis on real-world adoption. The creation comes as Dietrichs describes Ethereum as entering a fundamentally different phase of its evolution. “The decade of infrastructure build-out…

Strict Licensing and Operational Requirements Taiwan’s Legislature on June 30 approved the Virtual Asset Service Act, establishing the island’s first dedicated cryptocurrency law and designating the Financial Supervisory Commission (FSC) as the sole regulator. According to reports, the 56‑article statute replaces an anti‑money‑laundering registration system with mandatory licensing for all virtual asset service providers. Under the regime, exchanges, custodians and wallet operators must obtain FSC approval and meet requirements for internal controls, cybersecurity and business continuity. Providers must secure separate licenses across seven categories — exchange, trading platform, transfer, custody, underwriting, lending and others — ending the practice of offering…