Author: NBTC

On Thursday, bitcoin’s price jumped to $102,819, hitting a peak not seen since Feb. 3, and plenty of analysts point to a growing wave of institutional involvement as the driving force behind the climb. Wall Street’s Growing Appetite Sends Bitcoin Soaring Past $102K The institutions are here in full force, or so the chatter goes, as corporate players and exchange-traded funds (ETFs) scoop up more BTC from the open market. With bitcoin cracking the $100,000 mark today, market watchers and crypto industry specialists chimed in with their thoughts on the latest upward run. “Under the surface, spot ETF flows remain…

A significant move in the decentralized finance (DeFi) space has caught the attention of the crypto community. World Liberty Financial (WLFI), a project reportedly associated with the Trump family, has recently made a substantial acquisition of Wrapped Ethereum (WETH) and Wrapped Bitcoin (WBTC). Understanding the World Liberty Financial Purchase According to data shared by on-chain analyst @ai_9684xtpa on X, World Liberty Financial completed a notable World Liberty Financial purchase. The transaction involved acquiring 1,587 WETH and 9.7 WBTC. At the time of the analysis, the combined value of these digital assets was estimated to be approximately $4.94 million. This acquisition…

Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the Uniform Commercial Code (UCC). The legislation, signed by Governor Tina Kotek on May 7, introduces UCC Article 12, which creates a legal framework for digital assets including crypto assets, tokenized records, and electronic money. The bill amends Article 9 to allow digital assets to be used as collateral in secured transactions. It also updates several UCC articles to recognize electronic records, signatures, and hybrid transactions to support digital commerce. The new law includes transitional provisions that maintain the validity of transactions made before…

Large movements of cryptocurrency on the blockchain often capture the attention of the market, and for good reason. These significant transactions, often dubbed ‘whale’ movements, can sometimes signal shifts in market sentiment, potential large-scale trading activity, or strategic positioning by major players. Recently, a notable event involving a substantial USDT transfer from a major exchange has done just that, sparking considerable discussion and speculation within the crypto community. What Happened: A Massive OKX USDT Transfer The crypto world was alerted to a significant transaction when the popular blockchain tracker, Whale Alert crypto, reported a movement of 200,000,000 USDT. The stablecoin,…

Polygon Labs, in partnership with Conduit, launched an improved Chain Development Kit (CDK) called AggLayer CDK. The recent release introduces interoperable blockchain infrastructure that allows developers to choose from different technology stacks and automatically connect to Polygon’s AggLayer liquidity aggregation layer. Conduit’s newest rollup framework is here: Agglayer CDK by @0xPolygonWe’ve been in the lab with Polygon building a new implementation of CDK that combines the @Optimism OP Stack, ZK security, and Agglayer interoperability.Read on for details 🧵 https://t.co/Sy2QJYvEfh pic.twitter.com/2ZguaQXTe5 — Conduit (@conduitxyz) May 7, 2025 With the toolkit update, developers can select from OP Stack configurations built using Ethereum’s…

Over the past 24 hours, the cryptocurrency market has experienced significant volatility as Bitcoin (BTC) officially broke above the $100,000 mark. This price movement triggered massive liquidations, totaling nearly $1 billion across the market, and led to a shift in trader behavior. Additionally, data from the Bitcoin derivatives market is heating up. Analysts are now concerned about the potential for even larger liquidation waves. Long Position Liquidations Surge as Bitcoin Breaks $100,000 According to data from CoinGlass, around 190,000 traders were liquidated, with total losses reaching $970 million. Short positions were hit the hardest, accounting for $836 million in losses.…

U.S. Senator Cynthia Lummis has expressed her views on digital assets, saying they are the future and the U.S. needs to either embrace them or fall behind. U.S. Treasury Secretary Scott Bessent also noted on Wednesday he believes the U.S. should be the premier destination for digital assets. Lummis also noted in late February that the U.S. can either pave the way for digital assets or fall behind. She made the remarks as she was seeking clarification from the SEC on digital assets ETP staking restrictions to make U.S. asset managers competitive in the global market. Lummis and other senators…

SWIFT tightens oversight on crypto transactions. Russia and China explore crypto to dodge sanctions. Global crypto regulation is fragmented and evolving. While cryptocurrencies are rapidly revolutionising financial systems, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) is trying to prevent their misuse to circumvent sanctions by Russia and China. At the London Digital Assets Summit on May 6, Tom Zschach, SWIFT’s Chief Innovation Officer, laid out how the company is enhancing its infrastructure to spot criminal crypto activity. The efforts are specifically aimed at stopping sanctioned countries from employing crypto solutions to circumvent Western sanctions introduced after Russia invaded Ukraine.…

The widespread power outages that recently plunged Portugal and Spain into darkness shed light on the enduring value of cash during critical situations. This event also prompted questions about the truly decentralized nature of cryptocurrency, given its reliance on centralized electricity infrastructure. BeInCrypto spoke with representatives from CertiK, Brickken, Wanchain, and Money on Chain to learn what this means for public trust in crypto and what the sector needs to provide financial services around the clock, even when centralized distribution channels fail. Digital Finance Grinds to a Halt A significant power disruption last week left millions in the dark across…

The crypto market braces for significant movements as more than $3 billion in Bitcoin and Ethereum options expire today. With substantial contracts and maximum pain points identified, how will these expiring options affect the market’s volatility? Crypto Markets Brace for $3 Billion Options Expiry According to Deribit data, approximately $2.65 billion in Bitcoin options are set to expire today. The maximum pain point for these options is $94,000, accompanied by a put-to-call ratio of 1.05. This expiration includes 25,925 contracts, slightly fewer than last week’s 26,949 contracts. Expiring Bitcoin Options. Source: Deribit Ethereum also sees the expiration of 164,591 contracts,…