Author: NBTC

Bitcoin crashed to $58,700 on Thursday and now options traders are convinced it will crash as far as $52,000 before the year is over, which would be its lowest level since August 2024. That decline saw Bitcoin fall by almost 52% from its all-time high and left the OG crypto below the $60,000 level, which traders had sought to defend throughout the year. This area has remained supportive of the price since February, again defended for the first two weeks of June before succumbing to an advance to just above $67,000. The outlook for options trading is not looking good…

Cathie Wood has dismissed mounting inflation fears despite U.S. headline CPI rising to 4.2% in May, arguing that underlying price pressures are close to disappearing. According to the ARK Invest CEO, inflation fears dominated conversations during her recent investor meetings across Asia and Europe, where many participants questioned whether persistent price growth would force the Federal Reserve to tighten monetary policy further. In a series of X posts, Wood said she was surprised by how strongly investors expected inflation to remain elevated, adding that she believes inflation could weaken sharply for reasons extending beyond lower oil prices. The comments come…

Mike Higgins, International CEO of Ripple Prime, was a part of the Ripple Quarterly Webinar hosted by Token Relations, which was held on Monday, June 22.The top executive spoke extensively about Ripple Prime, how Ripple USD ($RLUSD) stablecoin fits into the “Prime Strategy,” and the company’s broader institutional stack. In a recent X post, Higgins highlighted the discussion at the Ripple Quarterly Webinar, which broke down all things about Ripple Prime as “a great conversation.” According to the CEO of Ripple Prime, the lines between TradFi and digital assets are disappearing. In addition, Higgins revealed that $RLUSD and $XRP are…

The CFTC asked the public to weigh in on running standard futures around the clock and on listing perpetual contracts tied to physically delivered energy commodities such as crude oil. The request opens the door to importing the crypto-native perpetual design into the oil and gas derivatives markets. The Commodity Futures Trading Commission issued the request for comment Monday afternoon, organizing it around two questions. The first asks how standard futures, including energy futures, would function on a 24/7 schedule with no change to their fixed expiration, delivery, or settlement terms. The second asks what happens when perpetual contracts reference…

You can now take a leveraged position on a rocket company that has never sold a public share. The mechanics are clever, the demand is obvious, and the pricing problem sitting underneath it is the part nobody is rushing to explain. On June 16, Brian Armstrong unveiled what Coinbase calls the Everything Exchange, a sweeping update that folds crypto, stocks, prediction markets, and futures into a single account. Buried in the announcement was a product that deserves its own conversation: pre-IPO perpetual futures linked to private companies, starting with SpaceX and with OpenAI and Anthropic set to follow. The pitch…

Bitcoin miners significantly increased their transfers to Binance during June. Data suggests that the total miner inflows to the exchange have surpassed 150,000 $BTC. According to CryptoQuant, the figure marks the highest level of miner deposits to Binance in more than four months and points to a sharp rise in activity from wallets associated with mining operations. Massive Miner Transfers Miner inflows had remained relatively moderate in previous months before climbing sharply in June. The latest rise indicates that miners have become more active in moving their holdings to the exchange. This could reflect profit-taking after a period of price…

SBI Group is preparing to issue JPYSC, Japan’s first trust bank-backed yen stablecoin, after securing the necessary regulatory approval. This is yet another major step forward for SBI to offer regulated digital finances in Japan. Before this, SBI secured the necessary regulatory structure to allow for creation via Shinsei Trust & Banking. Following that, SBI positioned JPYSC as a trust-based stablecoin with the purpose of bridging traditional finance to the blockchain infrastructure. Source: Nikkei More importantly, JPYSC aims at institutional use instead of focusing on creating an audience for retail users. It can be used for large-volume settlement, treasury operations,…

It could take centuries to reduce the $XRP supply to 500 million tokens at the current burn rate. The $XRP Ledger has a built-in burn mechanism, but its main purpose is not to make the asset deflationary. Instead, the system mainly aims to prevent spam transactions on the network. Despite this, market participants continue to assess whether the mechanism could eventually help reduce supply and support $XRP’s price over time. How Long to Reduce the $XRP Supply to 500M Currently, $XRP has a total supply of 99.98 billion tokens. Of this amount, 32.74 billion $XRP remains locked in escrow, while…

A rare criminal hit on a gambling influencer A district court in North Savo, Finland, on June 18 convicted Jouko “Pottukoira” Kärkkäinen, 44, of a gambling offense for marketing casinos other than the state monopoly Veikkaus to Finnish audiences on his website, Instagram and Kick between May 2023 and February 2024. The court imposed 80 day-fines totaling about $2,700 (€2,480), plus a roughly $90 surcharge. Kärkkäinen denied wrongdoing, arguing his streams were entertainment rather than commercial marketing, were not aimed at Finland, and that he did not control the website carrying the casino links. The court rejected that, pointing to…

Prediction market Kalshi has added India to its list of restricted jurisdictions, according to a members’ agreement document updated on Wednesday. The document now lists a total of 55 restricted jurisdictions whose residents are blocked from accessing the platform. India’s Ministry of Electronics and Information Technology warned virtual private network (VPN) providers in April to stop facilitating access to “illegal and blocked online betting and prediction market platforms.” The development adds to growing regulatory pressure on prediction markets. In May, Spanish authorities blocked access to Polymarket and Kalshi over local gambling laws, while Indonesia blocked access to Polymarket after the…