Author: NBTC

According to CryptoQuant data, the share of $XRP withdrawals on Binance has significantly increased in the last week. The 7-day share of $XRP withdrawals has risen to 53.8% as of today, reaching its highest level since June 2024. During the same period, the share of $XRP deposits on Binance fell to 46.1%. This level was recorded as the lowest rate since 2024. Thus, withdrawal transactions exceeded deposit transactions by 7.7 percentage points. CryptoQuant added that this divergence wasn’t just a one-day phenomenon. According to the data, $XRP withdrawals have consistently outperformed deposits for seven consecutive days since June 17th. This…

Bitcoin continues to be under severe pressure as investor interest in global markets shifts towards artificial intelligence and technology stocks. The world’s largest cryptocurrency lost approximately 30% of its value in the first half of the year, and the weakening of the dollar, or “Sell America” as it’s known in the markets, further increased selling pressure on Bitcoin. Bitcoin hit a record high of over $126,000 about a year ago, gaining approximately 350% in value during its two-year rally. This rise was driven by investors’ expectations that rising US government debt, inflationary pressures from tariffs, and political pressure on the…

Animoca Brands, a prominent Web3 investment and gaming firm, has announced a strategic investment in AllScale, a company specializing in stablecoin payment infrastructure. The move, shared via the company’s official X account, signals Animoca Brands’ deepening commitment to integrating digital currency payments and artificial intelligence into its ecosystem. The exact size of the investment has not been disclosed. Expanding Payment Infrastructure in Web3 AllScale focuses on building the backend technology that allows businesses to accept, process, and settle transactions using stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar. This investment aligns with a broader industry trend where major Web3…

Blockchain project MemeCore’s M token collapsed about 74% over 24 hours, sliding from a high near $2.92 to as low as $0.51 before steadying around $0.74, with no exploit, hack or announcement to account for the drop. The fall erased close to $3 billion in market value. M’s market capitalization dropped below $1 billion, to about $969 million, from roughly $3.8 billion before the slide, per CoinDesk data. Trading was thin relative to the size of the move, with only about $21 million changing hands over the day. No confirmed catalyst has emerged. But M is a token that widely-known…

South Korean payment processor KG Inicis is exploring whether stablecoins can become a practical payment method for everyday online commerce through a new partnership with the Solana Foundation, signaling growing interest among traditional financial companies in blockchain-based payment infrastructure. KG Inicis has entered into a partnership with the Solana Foundation to evaluate digital asset payment infrastructure, including stablecoin-based checkout, merchant settlement systems, and blockchain-powered loyalty programs. The initiative will be developed alongside affiliate KG Financial, which has been conducting proof-of-concept work focused on stablecoin issuance and payment services using Solana’s blockchain network. The agreement represents one of the most significant…

Garrett Jin, the founder of the now-defunct cryptocurrency exchange BitForex, is currently facing an unrealized loss of approximately $21.12 million on a leveraged Bitcoin long position. According to data shared by on-chain analyst ai_9684xtpa, Jin holds a 5x leveraged long position totaling 1,268.33 BTC. Details of the Position The position’s average entry price is $76,117 per Bitcoin, placing it significantly above current market prices. However, the liquidation price is set at $16,962, a level far below today’s trading range. The analyst noted that because the liquidation price is so low, there appears to be virtually no immediate risk of forced…

SPCX has already turned SpaceX’s post-debut volatility into a crypto-native liquidation event. SpaceX-linked perpetual contracts exceeded $50 million in 48-hour liquidations as the underlying stock tested its $150 Nasdaq opening price, showing how quickly tokenized-stock exposure can shift from an access story to leveraged market plumbing. SPCX perpetual liquidations ranked behind only Bitcoin and Ethereum in crypto derivatives liquidation volume at the time. This raises a harder question: whether equity-linked wrappers can become forced-liquidation engines before the traditional market has finished determining the equity’s value. That distinction mattered over the last 48 hours because SpaceX traded below its $150 Nasdaq…

Recently, $CARDS has been gaining attention on social media, particularly after a widely shared post by @CoinDesk posed the question of whether it is one of the most undervalued protocols in the crypto space. This conversation was amplified by Arthur Hayes, who shared the post, indicating a growing interest in $CARDS from influential voices in the industry. Inside the Move The current market context shows mixed signals across major cryptocurrencies, yet $CARDS is experiencing a notable uptick in social media buzz. With 97 likes and 14 retweets on the tweet highlighting $CARDS, the engagement reflects a community keen on discussing…

Hong Kong’s securities regulator has added Aurum/Aurum Foundation to its alert list of suspicious virtual asset trading platforms after alleging the entity may be operating without the required authorization. The Hong Kong Securities and Futures Commission (SFC) said Aurum/Aurum Foundation claims on its website that it is registered in Hong Kong under the Companies Ordinance and offers virtual asset, futures contract, and derivatives trading services. The regulator stated that Aurum/Aurum Foundation does not hold an SFC license and is suspected of conducting unlicensed activities. The SFC included the platform on its Alert List, which identifies entities that may pose risks…

MiniPay has launched a Visa debit card that allows users in selected markets across Africa, Latin America, Southeast Asia and Europe to make purchases using stablecoins. According to Tuesday’s announcement, the card is powered by Gnosis Pay’s infrastructure, enabling users to pay directly from their MiniPay wallets while merchants receive local currency through Visa’s network. MiniPay said it has grown to more than 16 million activated wallets across 65 countries since launching in 2023, with much of its adoption concentrated in Africa and other emerging markets. The card can be added to Apple Pay and Google Pay, while eligible users…