Author: NBTC

Bitcoin’s long stretch of negative funding rates finally came to an end this week, but the market reversal exposed something many leveraged traders still overlook: Two traders can place the exact same Bitcoin trade on different exchanges and still get liquidated at different prices. According to a recent report by The Block citing research from K33 Research, Bitcoin’s 30-day average funding rate remained negative for 67 consecutive days, marking the longest such streak of the decade. The streak reflected overwhelming bearish positioning across derivatives markets as traders continued piling into short bets during Bitcoin’s consolidation phase. When sentiment finally shifted,…

The United Arab Emirates has raised concerns with the United States over a potential dollar shortage if the Middle East conflict drags on. It warns that it could turn to alternative currencies, such as the Chinese yuan, for oil transactions. At the same time, Iran is already moving in that direction. It accepts Bitcoin and other currencies for shipping access through the Strait of Hormuz. UAE Seeks Financial Lifeline From the US According to a Wall Street Journal report, UAE officials recently held talks in Washington with Treasury Secretary Scott Bessent and other US financial authorities. The discussions focused on…

An anonymous wallet with no prior trading history turned $174,000 worth of ether into $2.45 million by trading Apecoin on both sides of an 80% price surge in a single day. Key Takeaways: Wallet 0x0b8a converted $174,000 in ETH into a leveraged Apecoin long, exiting near the top for a $1.79M profit. The trader immediately flipped short after closing the long, generating an additional $488,000 for a combined $2.27M gain and 14x return on initial capital. Onchain analytics firm Lookonchain flagged the wallet as having zero prior transaction history, consistent with a purpose-built insider trading setup. No History, Perfect Entry,…

In a bold move to expand crypto market efficiency and accessibility to consumers, Castrum Istanbul, a recognized blockchain ecosystem based in Istanbul, today made a strategic investment in AIPayWithCrypto, an AI-driven crypto payment gateway. Castrum Istanbul is a next-gen blockchain platform operating based in Istanbul (Turkey’s main city), shaped by the inspiration it gained from Ancient Rome. The above significant investment shows Castrum Istanbul’s vision to empower crypto-related startups and help digital asset participants in their user journey. We are pleased to announce that Castrum Istanbul has made a strategic investment in AIPayWithCryptoThis partnership extends far beyond capital support. It…

The layer-1 blockchain Sui has announced that Remi Technology, a project built on its network, is launching new infrastructure designed specifically for regulated, bank-issued stablecoins. The announcement, made via Sui’s official blog on June 16, outlines a system that allows financial institutions to issue and manage stablecoins while maintaining compliance with key regulatory frameworks. Remi’s Balance-Sheet Treatment and Bank Integration A central feature of Remi’s infrastructure is what it calls ‘Balance-Sheet Treatment.’ This capability enables banks to recognize issued stablecoins as assets on their financial statements, a critical requirement for traditional financial institutions entering the digital asset space. By treating…

The Bitcoin price may face extended correction below the $80,000 as red-hot 6% YoY PPI sparks inflation fear. Google Trends data from Alphractal highlights a major divergence between Bitcoin price action and public search interest during the current market cycle. The formation of classic reversal pattern ‘double-top’ signals a risk of major breakdown below $79,000 floor. The pioneer cryptocurrency Bitcoin is down 0.91% during Wednesday’s U.S. market hours to trade at $79,750. The pullback followed macroeconomic pressure as consumer and wholesale inflation data, collectively crushed market hopes for Federal Reserve interest rate cuts. While the sluggish price action and escalating…

Abu Dhabi-regulated tokenization firm KAIO said Monday it had raised $8 million in a strategic funding round backed by Tether and several other crypto and institutional investors, as it builds infrastructure to bring traditional funds onto blockchain rails. The round brings KAIO’s total funding to $19 million. New investors include Systemic Ventures, while Further Ventures and Laser Digital joined again alongside earlier backers such as Brevan Howard Digital. KAIO said it develops infrastructure that allows asset managers to distribute funds onchain. It packages products from firms like BlackRock, Brevan Howard and Hamilton Lane, then makes them accessible through blockchain-based systems.…

The family of Ti Chabba, a victim killed in the April 2025 mass shooting at Florida State University, has filed a federal lawsuit against OpenAI. The suit alleges the company’s ChatGPT chatbot didn’t just fail to flag escalating threats from the shooter, known as Ikner, but actively enabled the attack by offering tactical advice and validating his violent ideation. The core claim is striking: the lawsuit alleges ChatGPT told the gunman to target children because doing so would generate “national exposure.” What the lawsuit alleges According to the complaint, Ikner had a sustained pattern of interactions with ChatGPT leading up…

Alla Bakina, Director of the Bank of Russia’s National Payment System Department, highlighted that most private banks in Russia are ready to provide digital ruble services on September 1. The currency will integrate with the existing universal QR code payment system. Key Takeaways: Alla Bakina confirmed that 12 major banks are ready to offer digital ruble services starting September 1. Shifting Russia’s payment market, the digital ruble will deploy across a 9-million-outlet QR network. Roman Artyukhin stated the Treasury is ready to expand CBDC utility after processing 35,000 rubles. Central Bank of Russia: Russian Banks Ready For Digital Ruble Launch…

Collector Crypt, the Solana-native platform that tokenizes graded physical trading cards for on-chain trading, posted a 129% week-over-week jump in fee revenue after Solflare embedded its card-pack mechanic directly into the wallet interface. The platform generated $3.86 million in fees over the trailing seven days, up from $1.68 million the prior week, per DefiLlama. The trailing 24-hour fee figure stood at $689,000, a 283% increase from the day before. All-time platform revenue has crossed $52.8 million, with a 30-day total of $9.5 million. Collector Crypt Fees. Source: DeFiLlama The Solflare Catalyst Solflare, the Solana wallet with roughly four million monthly…