Author: NBTC

Ripple Labs has unlocked another 1 billion $XRP from the escrow account on May 1, 2026. The blockchain payment company unlocked $XRP tokens valued at approximately $1.37 billion on Friday, according to on-chain data from XRPSCAN analyzed by Finbold. Notably, the company unlocked its latest monthly tranche of $XRP in four transactions. Unlocked $XRP from Ripple’s escrow. Source: XRPSCAN The largest single unlock was 400 million tokens valued at about $547 million. The other transactions involved 100 million, 300 million, and 200 million unlocks. Following the unlock, Ripple’s escrow account held about 33.35 billion tokens, which is valued at about…

Coinbase has entered a strategic partnership with global payment processor Checkout.com, enabling over 1,000 merchants within Checkout.com’s network to accept stablecoin payments. The integration allows consumers to pay using $USDC or $USDT, while merchants receive settlement in U.S. dollars through their existing Checkout.com infrastructure. Bridging Crypto and Traditional Commerce The partnership represents a significant step in bridging the gap between cryptocurrency and mainstream commerce. By leveraging Checkout.com’s established payment rails, Coinbase is effectively opening a new channel for stablecoin usage that does not require merchants to manage crypto wallets or handle blockchain complexity directly. For merchants, the appeal lies in…

Circle, a digital payments and stablecoin company, has launched Circle Wrapped Bitcoin (cirBTC) on the Ethereum blockchain. The new asset allows institutions to use Bitcoin in Ethereum-based financial applications while keeping the underlying BTC securely held in custody. Each cirBTC token is backed 1:1 by native Bitcoin. The reserves are held by a regulated Circle entity and are separated from the company’s corporate assets. This structure is designed to give institutional users access to decentralized finance tools without selling their Bitcoin holdings. The launch brings Bitcoin collateral into Ethereum’s large on-chain financial ecosystem, where lending platforms, decentralized exchanges, tokenized assets,…

Spot Bitcoin exchange-traded funds (ETFs) traded in the US experienced one of their sharpest daily outflows of the year on the first trading day of the week. According to SoSoValue data, a total net outflow of $648.6 million occurred from spot Bitcoin ETFs on Monday. This figure marks the largest single-day fund outflow recorded since January 29th. These outflows followed a total net outflow of $1 billion recorded last week, ending six weeks of uninterrupted positive capital inflow into spot Bitcoin ETFs. The largest outflow was seen in BlackRock’s IBIT fund, one of the world’s largest asset management companies, with…

Ethereum’s [$ETH] weakness is becoming increasingly visible through whale positioning. Price has fallen to roughly $1,740, placing $ETH below the whale realized price near $1,900. That gap suggests many large holders now sit on unrealized losses rather than profits. Source: TradingView The pressure extends further. $ETH is also trading below the Binance listing AVWAP, currently near $1,700. Notably, this marks only the fourth time in six years that price has traded beneath that long-term benchmark. Historically, such periods have reflected deteriorating market confidence and weaker accumulation dynamics. As a result, whale support appears less reliable than during previous recovery phases.…

In South Korea, cryptocurrency investors are beginning to convert their assets into cash to purchase real estate, with this trend being most prevalent among investors in their 30s. According to data released by South Korea’s Ministry of Land, Infrastructure and Transport on May 10, a total of 324 homebuyers declared using proceeds from cryptocurrency sales in their home finance plans between February 10 and March 31. Of these investors, 229 were aged 30-39, representing approximately 70.7% of the total. Related News Experienced Analyst Identifies Two Resistance Levels for Bitcoin – “A Similar Pattern Has Been Seen Three Times Before in…

Romance scammers are reportedly using AI generated images of attractive women to dupe followers and attendees of this week’s $XRP Las Vegas conference. The “women,” invariably pictured in glamorous cocktail dresses in front of the event’s official banner, were flagged by an $XRP Ledger validator on Friday morning. Their job was to slide into the DMs of visitors and $XRP aficionados who they hope will be predisposed to welcome otherwise unusual conversations about the crypto. Attendees of the event, which is billed as “the Largest $XRP conference in the world,” and features speakers including Ripple CEO Brad Garlinghouse and $XRP…

Cryptocurrency exchange Deepcoin has officially obtained a Bitcoin Service Provider (BSP) license from the Central Bank of El Salvador, marking a significant step in the company’s expansion into regulated markets. The license, reported by ChainCatcher, permits Deepcoin to legally offer Bitcoin custody, sales, trading, and related currency exchange services within the country’s evolving regulatory framework. Regulatory Milestone in El Salvador El Salvador became the first country in the world to adopt Bitcoin as legal tender in September 2021, and has since been developing a structured regulatory environment for digital asset service providers. The BSP license is part of the country’s…

The line between traditional finance (TradFi) and crypto is disappearing, with tokenization consistently a dominant narrative of the digital asset industry for a number of years. Edwin Mata, CEO and founder of tokenization platform Brickken, projects that Wall Street will run entirely on blockchain technology by 2030. Mata told CoinDesk that tech industry buzzwords like “Web3” are fading as major banks adopt the technology for standard financial plumbing, such as settlements and payments. “The merge between Wall Street and technology is going to dissipate,” Mata said in an interview. “We’re not going to talk anymore about blockchain. It’s merging into…

The market is still trying to figure out what the recent pullback really means. On the technical front, Bitcoin’s 5.8% correction last week from its $82k level triggered a frenzy over whether this marked a local top for the asset. Looking at the macro setup, the market split makes sense, keeping $BTC’s current structure a textbook setup for speculative traders to profit from its volatility. Recent data shows bears have been the most profitable in the move. According to CoinGlass, $630 million in positions were liquidated on the 17th of May as $BTC broke below $77k, marking the first major…