Author: NBTC

Bitcoin (BTC) started the new week with new records, exceeding $120,000 for the first time in its history. At this point, BTC broke new records, first reaching $121,500 and then exceeding $122,000. While Bitcoin’s consecutive record-breaking performance was met with great enthusiasm in the market, former Binance CEO Changpeng Zhao (CZ) also shared a post following the records. CZ said that BTC’s new high may seem small in hindsight. CZ, in his post from his X account, said that there is no need to be overly excited about Bitcoin reaching a new record high, because the current price may be…

Key takeaways ETH dropped below the $3,750 mark on Monday as the broader crypto market undergoes a correction. It is now trading above $3,800 despite the net outflows. Ether bounces back above $3,800 Ether, the second-largest cryptocurrency by market cap, lost 3% of its value on Monday and temporarily dropped below $3,750. However, it has recovered nicely and now trades above $3,800 per coin. The bearish performance comes amid net outflows for the cryptocurrency. According to data from July 29, Ethereum recorded a net outflow of $52.36 million from spot exchanges. The outflow highlights the growing Ether withdrawals this month…

Global companies have been hit with a brutal $320 billion in lost profit since 2017, and it has nothing to do with bad management. This is the cost of doing business in a world where economic shocks and political instability keep crashing into each other. According to research by EY-Parthenon, nearly 3,500 publicly listed companies with yearly revenues above $1 billion lost earnings during years of intense volatility. From massive inflation to wars and market meltdowns, the fallout has reached every corner of the global economy. Mats Persson, the UK lead for macro and geostrategy at EY-Parthenon, said the days…

SEC Chairman Paul S. Atkins is pushing for clear digital asset regulations. In a new statement, he welcomed the President’s Working Group (PWG) recommendations. These reflect months of inter-agency cooperation focused on crypto policy. Atkins believes regulation can fuel innovation, not stifle it. He says the U.S. must lead the world in digital asset development, both to protect investors and to maintain global leadership. A New Crypto Playbook The PWG report outlines a roadmap for crypto oversight. It encourages collaboration between federal agencies like the SEC and CFTC. Atkins confirmed the SEC will continue crafting new rules under existing laws.…

Key Takeaways FTX and Alameda Research staked 20,736 ETH valued at $79 million after recent Bybit withdrawals. The entities unstaked over 3 million Solana tokens valued at approximately $431 million in March. Wallets linked to FTX and Alameda Research staked 20,736 Ethereum valued at approximately $79 million on Wednesday, according to data tracked by Lookonchain. The move follows ETH withdrawals by defunct crypto trading firms earlier this year. Between December 17, 2024, and January 9, 2025, FTX and Alameda withdrew about 21,650 ETH from Bybit. FTX/Alameda staked 20,736 $ETH($79M) an hour ago. Between Dec 17, 2024, and Jan 9, 2025,…

Daehong Communications, a subsidiary of South Korea’s Lotte Group, has announced plans to build a blockchain-powered “Money Movement” ecosystem using Aptos, a high-performance Layer 1 blockchain. The project follows a partnership formed last year between Daehong Communications and Aptos Foundation. The “Money Movement” system is designed to track and verify digital assets — such as mobile vouchers, loyalty points, mileage, and stablecoins — as they are created, transferred, and used in real-world transactions. All transaction data will be recorded on the blockchain, ensuring transparency in ownership and management. As part of the initiative, Daehong has integrated Aptos’ blockchain technology with…

Bitcoin has surged to new all-time highs above $123,000 and just logged its highest-ever weekly close at $119,500, following another record weekly close the week before. Year to date, BTC is now up around 30%, pulling ahead of gold which has gained approximately 27% during the same period.According to analysis by Charlie Bilello, chief market strategist at Creative Planning, bitcoin and gold are the top two performing assets so far in 2025. Bilello notes, “We’ve never seen these two in the number one and number two spots for any calendar year.” However, there is a downside to having two largely…

Lido’s Founder, Konstantin Lomashuk, was loaned about 85M USDT by lending protocol Aave, which he used to buy ETH. Arkham’s data showed that Lomashuk first sent 80M USDT to the Amber Group, which deposited all the funds into an exchange. Lookonchain reports revealed that the Lido Founder later withdrew approximately 15.81K ETH, worth about $59.75M, from the exchange. According to Arkham’s live data, his portfolio currently holds about 69.619K AETHWSETH worth over $318M. It also has about $5M worth of ETH left and slightly over 2K DAI valued at $2.08K. The Arkham data also showed that Lomashuk’s overall portfolio had…

High-risk crypto trader James Wynn, who made headlines for his aggressive leveraged trading strategies and accompanying losses, has turned a profit, earning over half a million dollars today. This marked his largest profit since May 25. This marks a dramatic turnaround for Wynn, whose luck had run dry after watching all his previous gains wiped out by highly leveraged positions on Hyperliquid. James Wynn’s Trading Rollercoaster Ends in Green—for Now In June, BeInCrypto reported on Wynn’s substantial $100 million loss on Hyperliquid. Despite the blow, he continued making high-stakes bets. This month, the blockchain analytics platform Lookonchain highlighted that Wynn…

There are speculations that SEC will withdraw litigation against Ripple and coinbase. This follows a significant policy change in the US regarding cryptocurrencies. According to the reports by Reuters, the administration of Trump is undoing the steps that were already taken in the past concerning enforcement. A number of legal charges, such as high-notification suits against exchanges, are pending. In December 2020, the legal action of the SEC against Ripple began due to claims of unregistered sales of securities. The case established that the classification of digital assets in the U.S. could occur. Coinbase was also subjected to a different…