Author: NBTC

Bitcoin is still trading below half of its all-time high price record, while the S&P 500, QQQ and gold continue to regularly set new records. The key reason for this prolonged underperformance was formulated by Tether adviser Gabor Gurbacs. In his view, the value of the flagship cryptocurrency is literally being “drained” by the degradation of the discussion itself inside the industry. Instead of building strong infrastructure and developing distribution, a significant part of the crypto space has been captured by “tourists” and creators of overtly weak, derivative products focused exclusively on clickbait and fast hype, says Gurbacs. Deeply unserious…

Morpho has successfully raised $175 million from prominent investors including Paradigm, a16z, and Ribbit Capital to enhance its on-chain credit infrastructure. This significant funding comes as the lending protocol reports $11 billion in deposits and counts major exchanges like Coinbase, Binance, and Kraken among its users. This information was shared in a recent tweet by CoinDesk. The Story So Far The broader crypto market is currently displaying mixed signals, but Morpho’s recent capital raise stands out as a significant development. With the $175 million investment, Morpho aims to solidify its position in the rapidly evolving decentralized finance sector. This funding…

BitMEX co-founder Arthur Hayes is facing renewed scrutiny after on-chain analyst Specter presented evidence suggesting a recurring pattern of behavior in which Hayes promotes specific cryptocurrencies only to sell his holdings shortly afterward, potentially using his social influence as exit liquidity for his own positions. On-Chain Evidence Points to a Pattern According to Specter’s analysis, Hayes publicly recommended tokens such as HYPE, ZEC, and NEAR before quickly offloading his stakes. The analyst noted that Hayes sold all his positions in these assets within days of promoting them. The pattern allegedly repeated multiple times in June alone, with WLD and CARDS…

A New Era of Formal Oversight Cryptocurrency industry leaders have urged deeper collaboration with government agencies as Kenya advances work on its first comprehensive digital-asset regulatory framework. Speaking at a recent Bitcoin conference in Nairobi, technology executives and blockchain advocates said sustained engagement with policymakers is essential to crafting rules that protect consumers without stifling market innovation. The call comes as Kenya transitions from years of informal guidance to formal oversight following the passage of the Virtual Asset Service Providers Bill in 2025. The Central Bank of Kenya and the Capital Markets Authority are currently designing licensing and compliance standards…

Polymarket says its yearly revenue pace has climbed past $1 billion, a figure revealed as trading activity accelerates across prediction markets. The update arrived just over a month after the company opened access to its regulated U.S. marketplace by removing a waiting list that had been in place since launch. Recently, the FIFA World Cup currently happening has increased interest around prediction markets, as thousands of contracts connected to sports outcomes pulled in an insane wave of activity. World Cup traders push Polymarket volumes sharply higher Numbers tracked by Dune Analytics show a dramatic jump in activity on the U.S.…

An unsettling question is being raised by the recent behavior of the Bitcoin market: are rallies turning into short-term traps before the next leg down? Liquidity may hold the key to the solution. Market slows down significantly Market liquidity has been steadily declining, according to recent stablecoin flow data. The supply growth of both $USDT and USDC has significantly slowed down in comparison to earlier times, resulting in a situation where capital entering the cryptocurrency market is just insufficient to maintain long-term upward momentum. Major Bitcoin rallies in the past have been bolstered by growing stablecoin supplies that offered new…

Strengthening Regional Oversight Rwanda and Nigeria have signed a cooperation agreement to deepen collaboration across capital markets and digital assets, marking a significant step toward more coordinated cryptocurrency regulation across Africa as the continent struggles with a rise in fraudulent digital asset schemes. The agreement, signed between the Capital Markets Authority of Rwanda and the Securities and Exchange Commission of Nigeria, extends beyond traditional capital markets to include the oversight and development of digital asset frameworks. Officials said the move reflects a growing regional consensus on the need to regulate virtual assets in response to the rapid expansion of cryptocurrency…

In brief Spain’s securities regulator said there will be no extension to the EU’s July 1 MiCA licensing deadline for crypto firms. Binance, still unlicensed after withdrawing its application in Greece, may have to temporarily halt EU operations. Regulators are working with unlicensed firms to ensure customer assets can be transferred if needed. Spain’s top securities regulator said Friday the country will not extend a fast-approaching deadline for crypto firms to register under new regulations—even as Binance struggles to do so. Under the European Union’s newly implemented MiCA crypto framework, firms have until July 1 to register with a member…

Dogecoin cofounder Billy Markus, who goes by “Shibetoshi Nakamoto” on X, reacted to recent reports that the world’s largest publicly traded company holding Bitcoin, Strategy, may sell a portion of its $BTC holdings, about $1.25 billion. Strategy holds 847,363 $BTC as of June 22. If the Bitcoin treasury company were to raise $1.25 billion through Bitcoin sales, it might need to sell about 20,800 $BTC at current prices, equivalent to about 2.5% of its 847,363 $BTC holdings. However, the news that Strategy might sell a portion of its massive $BTC stash has generated reactions from a large part of the…

For years, Michael Saylor’s Strategy was one of the market’s favorite ways to gain leveraged exposure to Bitcoin. But after a 72% decline in Strategy’s stock (MSTR) over the past year, Google search interest is cooling, and investors are increasingly debating whether Strategy’s aggressive fundraising model is still benefiting shareholders. MSTR Stock’s Biggest Problem May Not Be Bitcoin Despite the stock’s decline, Strategy continues expanding its Bitcoin holdings. This week alone, the company purchased 520 BTC for $35 million, bringing its total holdings to 847,363 Bitcoin, worth roughly $64.1 billion at current prices. Yet Strategy’s market capitalization has fallen to…