Author: NBTC

Wang Chun, co-founder of F2Pool, the world’s fourth-largest Bitcoin mining pool, has deposited a significant amount of cryptocurrency to Binance. According to on-chain data from Onchain Lens, Chun deposited 16,842 $ETH, valued at approximately $26.87 million, and 60 WBTC, worth around $3.61 million, to the exchange. Broader Withdrawal and Deposit Activity While the recent deposit to Binance has drawn attention, it represents only a portion of Chun’s larger on-chain activity. Onchain Lens data reveals that since May 26, Chun has withdrawn a total of 91,945 $ETH, valued at approximately $159.9 million, and 973 WBTC, worth around $60.72 million. The combined…

The two largest stablecoins shed supply over the past seven days, even as legislative tailwinds and a steady drumbeat of institutional partnerships pushed stablecoins to the front of the policy conversation. $USDC circulating supply fell 0.7% over the trailing week, from $75.08 billion to about $74.6 billion, per DefiLlama. Tether’s $USDT slipped 0.1% in the same window, from $186.49 billion to roughly $186.3 billion. Both majors contracted at once, the directional opposite of what a regulation-driven expansion would produce. The pullback is small in percentage terms, but it lands against a backdrop of headlines treating stablecoin legislation as a growth…

Shiba Inu burn rate saw a significant increase in the last 24 hours, rising 434.63% in this timeframe. The increase follows millions of $SHIB sent to dead wallets, with the burn rate rising correspondingly. According to the Shibburn website, 3.32 million $SHIB were burned in the last 24 hours. Although this number seems small, it was much higher than the day before. Shiba Inu saw its largest burn figure of the week when 5.5 million $SHIB were burned on June 24. In the last seven days, a total of 26.52 million $SHIB were burned, albeit with a 36.39% weekly drop.…

A major $XRP whale has suffered one of the largest $XRP liquidations in recent weeks after the token plunged toward $1.00. Data from Hyperbot shows that the whale, identified by wallet address 0xf79, lost $28.2 million in $XRP long positions as a broader market sell-off pushed prices below key liquidation thresholds. The trader also suffered liquidation on a separate Bitcoin position, bringing total forced liquidations to approximately $75 million. Whale Positioned Aggressively for an $XRP Recovery The trader began building $XRP long positions on June 23 through Hyperliquid when $XRP traded around $1.11 per token. Instead of opening a single…

Pharos Network ($PROS), a Layer 1 blockchain focused on real-world asset (RWA) tokenization and artificial intelligence, has announced its first incubation investment. Faroo, a project building an RWA hybrid vault, will receive funding and ecosystem support at a $10 million valuation. The specific investment amount has not been disclosed. Strategic Incubation and RWA Vault Launch The announcement, made on June 29, marks the launch of Pharos Network’s incubation program. Faroo is the first project selected under this initiative, which aims to support early-stage ventures within the RWA and AI sectors. Alongside the investment, Faroo is introducing a hybrid vault model…

El Salvador says it continues buying Bitcoin ($BTC) daily, raising its national Bitcoin reserve to 7,696 $BTC worth approximately $460 million. However, the International Monetary Fund (IMF) says no net new government Bitcoin purchases have occurred since early 2025, citing the country’s $1.4 billion bailout terms that prohibit voluntary public-sector Bitcoin acquisitions. El Salvador Claims Daily Bitcoin Purchases, But the IMF Disputes President Nayib Bukele’s government has been pushing a narrative about buying one $BTC a day to continue building its Strategic Bitcoin Reserve. As of June 28, 2026, official trackers show that El Salvador holds about 7,696 $BTC, worth…

Solana-based digital art marketplace Exchange Art has announced it will cease operations on August 1, marking the end of a platform acquired by memecoin project Bonk (BONK) just over a year ago. The decision, shared via the platform’s official X account, was attributed to a prolonged downturn in the on-chain art market that made continued operation financially unsustainable. Return of Funds and Artworks Before the shutdown, Exchange Art has committed to returning all artworks and funds currently held in sales and escrow contracts to their rightful owners. The platform emphasized that all digital artworks are minted on the Solana blockchain,…

Ethereum price traded near $1,715 on July 3, according to crypto.news price data, after rising more than 6% over 24 hours. The move pushed $ETH back above the $1,700 area, a level traders have watched closely after weeks of selling pressure. The rebound came as U.S. spot Ethereum ETFs returned to inflows. On July 2, spot Ethereum ETFs recorded total net inflows of $29.08 million, according to SoSoValue data. BlackRock’s ETHA led the group with $29.74 million in net inflows, while Grayscale’s ETHE recorded outflows of $2.75 million. Ethereum spot ETF net inflow, source: SoSoValue The token had already been…

Hyperliquid’s priority fee mechanism is gradually evolving from a trading narrative to a structural source of demand for $HYPE. Since the 14th of April mainnet launch, Hyperliquid [$HYPE] traders have burned around 21,895 tokens through priority fees. This move confirms that execution demand now creates a measurable supply sink. More importantly, while weekly spending was limited to only 24 $HYPE in the first week after the launch, it has increased drastically to 1,106 $HYPE in the last seven days, marking a 45-fold increase. Source: X Meanwhile, distinct payers expanded from 14 to 130, suggesting adoption is broadening instead of remaining…

Donald Trump Jr. stands to make a large profit from his share in the prediction market company Kalshi, but the deal is already drawing heavy criticism over possible conflicts of interest. Trump Jr. received roughly $300,000 in Kalshi equity after he signed on as a strategic adviser on January 13, 2025. Just two months after his father returned to the White House, he had publicly praised how well Kalshi predicted the 2024 election. In a post on X, he wrote that “while biased outlets called the race a coin toss, my family and close friends used prediction market @Kalshi to…