Author: NBTC

Cryptocurrency exchange Binance has suspended its services in several European countries, primarily France, after failing to obtain the necessary license under the European Union’s new regulatory framework for crypto assets, MiCA, by the deadline. The decision took effect on July 1st and directly affected users, particularly in France. Due to its inability to obtain the necessary operating license in time under the MiCA regulation, the company was forced to suspend its cryptocurrency trading services in France. As a result, users in the country can no longer conduct spot or margin trading. The platform can only be used for withdrawing assets.…

Bitcoin price traded near $62,600 at press time, according to crypto.news market data. $BTC was up 0.31% in 24 hours but remained down 4.38% over seven days. Daily trading volume stood near $23.99 billion, while market cap held close to $1.25 trillion. The price action came as CryptoQuant data showed a sharp drop in selling by older Bitcoin holders. These wallets, often called OG investors, have held $BTC for more than five years and usually move coins during major profit-taking periods. “Today, the 90-day average of $BTC spent by these OGs has dropped below 1,000, sitting at 962, its lowest…

Bitmine, the Ethereum-focused treasury company headed by Tom Lee, continues to grow its institutional $ETH holdings. According to on-chain data analyst Lookonchain, the company purchased 40,000 Ethereum, worth approximately $70 million. This purchase is considered the latest step in Bitmine’s strategy to further expand the world’s largest institutional Ethereum treasury. According to Lookonchain data, the 40,000 $ETH purchase was made through two different wallet addresses. An analysis based on Arkham Intelligence data indicates that the funds were transferred from FalconX and Kraken’s hot wallets. While Bitmine has not yet officially confirmed this latest purchase, it is known that the company…

Pi Network is building momentum ahead of Pi2Day on June 28, rolling out a new Testnet token while its price shows early signs of recovery. The Pi Core Team recently announced updates to the Pi Launchpad after receiving feedback from more than 478,000 participants who joined the platform’s first Testnet token experiment. Alongside the upgrades, Pi has launched a second Testnet token called SLICE, which will remain active until June 28. Pi Launchpad Gets a Major Upgrade According to Pi Network, the first Launchpad test generated valuable community feedback that helped identify ways to simplify participation and improve the overall…

Bitcoin exchange Bull Bitcoin said Wednesday that it had petitioned France’s Council of State (Conseil d’État) to strike down a French decree implementing the European Union’s DAC8 crypto tax reporting rules. DAC8 requires crypto service providers to collect users’ identity and transaction data and automatically report it to national tax authorities, which then exchange the information with their counterparts across EU member states. The directive went into effect on Jan. 1, 2026. The exchange said in a Wednesday press release that DAC8 risks creating a “mass database” linking legal identity and home addresses, including transactions with no relevance to taxation.…

Bitcoin is flashing conflicting signals, with a short-term breakdown pointing toward $57,500 while long-term support suggests a bottom may be forming. The next major move could decide whether $BTC enters a deeper correction or starts a recovery toward $71,000. Bitcoin Head-and-Shoulders Breakdown Targets $57.5K Bitcoin has broken below the neckline of a four-hour head-and-shoulders pattern, putting the projected downside target near $57,500 in focus. The chart shows $BTC trading around $62,150 after losing both the rising neckline near $63,000 and the weekly 200-period moving average around $62,450. This breakdown strengthens the bearish setup, although Bitcoin still has another major support…

Ethereum Foundation developers are looking for a way to save the network from the critical growth of its database and have turned to the architecture of its main competitor. Researcher Toni Wahrstätter proposed introducing elements of the UTXO model into Ethereum, a model that has been successfully used by Cardano for years. Amid this, Cardano founder Charles Hoskinson — a former Ethereum co-founder who left the project in 2014 after a public split over deep disagreements with Vitalik Buterin about the network’s commercial direction — accused his former colleagues of hypocrisy. Ethereum’s problem lies in its account-based model, as the…

Goldman Sachs expects SpaceX’s AI revenue to surge from $3.2 billion in 2025 to $322 billion by 2030, according to forecasts shared with a potential investor and reported by the Financial Times. The projection comes as SpaceX prepares what could become the largest IPO in US history. The company is seeking to raise $75 billion at a valuation of about $1.75 trillion. Goldman’s forecast implies that AI would become SpaceX’s largest business within five years. The bank expects SpaceX’s total revenue to rise from $18.7 billion in 2025 to $474 billion by 2030, with AI accounting for most of that…

Syscoin, the blockchain platform behind the SYS token, has confirmed that 5 billion SYS tokens minted in an unauthorized incident have been fully recovered and permanently burned. The project announced that the tokens have been sent to a designated recovery address and subsequently destroyed, rendering them unusable on the protocol. Incident Details and Response The unauthorized minting event, which came to light earlier this week, raised immediate concerns within the Syscoin community about the integrity of the token supply. In a swift response, the Syscoin team identified the source of the exploit and worked to secure the affected funds. The…

In brief Bankers reported a £5 million ($6.7 million) gift to Nigel Farage from crypto billionaire Christopher Harborne to the UK’s National Crime Agency, the Guardian has reported. They filed a suspicious activity report in May 2024, saying they could not trace where the money ultimately came from; such a report is not proof of wrongdoing. Reporting on the SAR comes amid a standards investigation into whether Farage should have declared the gift, which he says he was under no obligation to do. Nigel Farage’s £5 million gift from billionaire Tether investor Christopher Harborne was flagged to the UK’s National…