Author: NBTC

Stablecoin depegs are a recurring feature of crypto bear markets. And the latest candidate is apxUSD, the preferred equity-backed stablecoin of the Apyx protocol. As market leader bitcoin fell sharply in the past 24 hours, reaching lows under $63,000 at one point, apxUSD briefly slipped to as low as 93 cents, deviating from its 1:1 dollar peg, according to CoinMarketCap. The stablecoin is primarily backed by preferred equity issued by digital asset treasury firms, specifically Strategy’s STRC shares, which carry a $100 par value. The protocol purchases those shares, collects the dividend they pay and distributes the yield to onchain…

FTX will begin an approximately $900 million fifth distribution under its Chapter 11 plan on Friday, July 31, paying holders of allowed Convenience and Non-Convenience claims who met the June 16 record-date and applicable pre-distribution requirements. Eligible creditors should receive funds from BitGo, Kraken or Payoneer within one to three business days from July 31, according to FTX’s fifth-distribution notice. FTX’s July 24 creditor FAQ distinguishes allowed-claim status from readiness for payment. The original claim holder had to satisfy the Plan’s know-your-customer requirements by June 16. Once the claim was allowed, its holder also had to submit a valid tax…

CleanCore Solutions, a cleaning-products and Dogecoin-treasury company pivoting into AI infrastructure, announced a Minnesota data-center venture whose operating company is a party to a 10-year colocation agreement with AI-compute company Cerebras. The estimated $800 million contract value comes with a $479 million project budget and up to $500 million in commitments from CleanCore, turning the customer win into an immediate capital test. CleanCore holds 79% of the joint venture. Its July 29 Form 8-K schedules a $40 million initial contribution as $25 million on the closing date and up to $15 million, based on budget needs, within four business days.…

As the search for direction continues in the cryptocurrency markets, Michael, an analyst at The DeFi Report, one of the leading analysis platforms in the sector, evaluated Bitcoin’s (BTC) current cycle, potential bottoms, and expectations for the upcoming period in a comprehensive report. Last September and October, an analyst who timed his move perfectly by almost entirely converting his portfolio to cash (risk-off) before the big crash, suggested that the “ultimate bottom” for Bitcoin may not yet have been tested. Michael strongly opposes common market narratives such as “This time the cycle has been broken” or “We’ve entered a supercycle.”…

Ethereum price has surged nearly 25% since the start of July after rebounding from the $1,500 support zone. The rally added more than $400 to its price in less than a month. The recovery followed June’s steep correction, restoring bullish sentiment across the market. Buyers have consistently defended higher lows throughout the ongoing uptrend. $ETH now trades near the $1,900 resistance zone after reclaiming $1,800. A successful breakout could bring the $2,000 psychological level back into focus. Ethereum Price Builds Bullish Structure as Resistance Nears Ethereum has maintained a bullish structure since rebounding from the $1,500 support zone. The daily…

Hanwha Group has become the largest shareholder in tokenization firm Securitize after its combined stake across affiliates and investment vehicles reached 9.6%, according to newly disclosed U.S. regulatory filings. According to filings submitted to the U.S. Securities and Exchange Commission, entities linked to Hanwha Group collectively own 15.69 million shares of Securitize, giving the South Korean conglomerate a 9.6% ownership stake. The holding places Hanwha ahead of Blockchain Capital, which owns about 6.0%, and Securitize co-founder and chief executive Carlos Domingo, whose stake stands at 5.4%. The disclosure provides a clearer picture of Hanwha’s investment strategy across blockchain infrastructure, digital…

Key takeaways Mira is designed for precision maneuvering in space, capable of hosting and deploying payloads. Moving a spacecraft from low Earth orbit ($LEO) to geosynchronous orbit (GEO) requires significantly more speed than current capabilities allow. Space Force has shown significant interest in the spacecraft, leading to multiple units being produced for government use. Helios is designed to transport satellites directly from low Earth orbit to geostationary orbit much faster than current methods. Helios will likely feature the highest performing hydrocarbon engine ever built, providing significant thrust. Helios can significantly reduce the cost of payload delivery to the moon and…

South Korea’s largest crypto exchange, Upbit, carried out a large-scale transfer of 864 billion $SHIB tokens, worth about $4 million, between its addresses. Previously, such a reorganization of Shiba Inu tokens on the exchange would hardly have attracted attention, but the events of last Sunday are forcing market participants to examine such movements much more closely. The sudden wallet activity was recorded in the aftermath of the 36% rally that was entirely driven by strong local demand. This time, according to data from the Arkham platform, the movement of funds between the exchange’s wallets took place in two stages: From…

Bitcoin miners entered one of their longest periods of contraction by July 31, even as shares of several listed operators climbed on expectations for AI target=”_blank” rel=”nofollow”>calculated that mining difficulty had fallen 19.9% from its peak, making the decline the third deepest since application-specific integrated circuits replaced graphics processors as the industry’s main hardware. Bitcoin miner difficulty, source: Bitcoin Magazine Pro Independent network data confirm the broader contraction. Bitcoin’s difficulty fell 0.74% on July 25 to 126.23 trillion after a larger 5% cut on July 11. The current level is about 19% below the record of roughly 156 trillion set…

Bitcoin is still under heavy selling pressure after breaking below a significant rising channel that had been guiding the price action since February, and there seems to be little stopping the asset from dropping lower. The latest rejection from a short-term resistance has accelerated downside momentum once again and is pushing $BTC back toward the key demand zone around $60K. Meanwhile, on-chain data suggest that long-term holders are realizing losses, reflecting a notable shift in market dynamics. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin has decisively broken below the large ascending channel that contained the price…