Author: NBTC

Investor outflows from US-based spot Bitcoin and spot Ethereum ETFs continue unabated. On June 2nd, a net outflow of $519.23 million was recorded from US spot Bitcoin ETFs. This marked the 12th consecutive day of net outflows from Bitcoin ETFs. According to the data, the total capital withdrawn from spot Bitcoin ETFs in the last 12 days has reached approximately $3.98 billion. The largest outflow was seen in the IBIT fund, managed by BlackRock, with $388.68 million. Grayscale Investments GBTC fund followed with an outflow of $83.51 million, and Fidelity Investments FBTC fund with an outflow of $45.14 million. Additionally,…

Former Ripple developer Matt Hamilton has praised $XRP’s early design, it being one of the longest-standing DEXs in crypto history. The XRPL has possibly the world’s oldest decentralized exchange (DEX), operating continuously since the $XRP Ledger’s launch in 2012. The exchange allows users to buy and sell tokens for $XRP or other tokens, with minimal fees charged to the network itself (not paid out to any party). Hamilton’s comment comes amid the latest innovation unveiled at the Solana Summit Germany. One of the interesting projects pitched at Solana Summit Germany was Mato, presented by founder Thomas Gehrmann. It is a…

On July 6, Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier, upgraded Ripple’s preliminary Crypto-Asset Service Provider authorization into a full license under the European Union’s Markets in Crypto-Assets framework. The approval means Ripple can passport regulated crypto services across all 30 countries of the European Economic Area, from Lisbon to Helsinki, under a single national authorization. Cassie Craddock, Ripple’s managing director for the UK and Europe, framed the moment plainly: the company enters the post-transitional MiCA era fully compliant and ready to scale. Five days later, on the other side of the Atlantic, the legislation that would…

One of the biggest stock market debuts of the year is now available directly inside Telegram. Wallet in Telegram has introduced tokenized access to SK Hynix’s historic US listing through xStocks, allowing users to gain onchain exposure to the South Korean semiconductor giant without leaving the messaging app. The launch coincides with SK Hynix’s record-breaking Nasdaq debut, which is expected to become the largest US listing ever by a foreign company and one of the biggest IPOs in history. A Record Listing Meets Onchain Finance SK Hynix is offering American Depositary Receipts (ADRs) representing approximately 17.79 million common shares in…

Barstool Sports founder Dave Portnoy has vowed to hold his Bitcoin investment even if it falls to zero after revealing he is down millions on a position bought near $100,000. According to an interview with Fox Business host Stuart Varney, Portnoy admitted that his history with Bitcoin has been defined by buying at the wrong time and selling before major rallies. Speaking about his latest position, he said he purchased Bitcoin at around $100,000 and acknowledged that the investment is now deeply underwater after the asset lost more than half its value from its October peak of $126,080 to about…

Fundstrat co-founder Tom Lee is convinced Ethereum ($ETH) has become the key decentralized component of the “second wave” of AI, as investors redirect capital away from the overheated semiconductor sector. While chipmakers are entering a correction, Ethereum has outperformed the computer memory sector (DRAM) by 55% over the past month, triggering inflows into spot crypto ETFs such as BlackRock’s ETHA, Lee said in a fresh X post. Of course, the analyst is far from a neutral observer, as Lee outlined his AI strategy in an official letter to shareholders of BitMine Immersion Technologies, where he serves as chairman of the…

NewLimit, a longevity biotech startup co-founded by Coinbase CEO Brian Armstrong, has raised $435 million in Series C funding to move its first age-reprogramming medicine toward human trials. NewLimit Secures $435M Series C NewLimit announced the funding round on June 2, saying Founders Fund led the raise. New investors Thrive Capital, Greenoaks and Quiet Capital joined the round, while existing backers Kleiner Perkins, Abstract, Nat Friedman and Daniel Gross, Valor Equity Partners, Eli Lilly Ventures and Human Capital also took part. The company said it will use the funds to push its first aging reprogramming drug into human clinical trials…

The Tron ($TRX) blockchain has achieved a new milestone, processing a record 14.3 million daily transactions on June 10, founder Justin Sun announced. The figure, confirmed by the Tron blockchain explorer Tronscan, marks the highest single-day activity in the network’s history. Current daily transactions have since settled to approximately 12.4 million, indicating sustained high usage. Record activity underscores network demand The surge in transaction volume reflects growing demand for Tron’s layer-1 blockchain, which is widely used for decentralized applications (dApps), stablecoin transfers, and decentralized finance (DeFi) protocols. Tron has positioned itself as a high-throughput, low-cost alternative to Ethereum, particularly for…

Pakistan Virtual Assets Regulatory Authority (PVARA) chairman Bilal bin Saqib has called for continued dialogue on the treatment of digital assets under Islamic law after meeting prominent scholar Mufti Taqi Usmani, who backed a ruling against purchases made with crypto. In a Saturday post, Saqib said the discussion covered blockchain technology, digital assets, stablecoins and tokenized real-world assets (RWAs), as well as the need to protect Pakistanis from fraud, exploitation and financial harm. Saqib said the different categories of digital assets merit “careful technical assessment alongside rigorous Shariah examination, rather than being viewed through a single lens.” The exchange highlights…

Large Shiba Inu coin holders have staged a systematic exodus from exchanges, moving tokens into long-term storage. According to analytics platform CryptoQuant, $SHIB’s net flow on trading platforms has remained negative for a record eight consecutive days since July 3. So-called smart money, which controls up to 94.5% of the token’s supply, has reduced selling and withdrawn hundreds of billions of tokens to “cold” wallets over this period. The movement of tokens over the past 24 hours is reflected in the following metrics: Massive outflow: 226.3 billion $SHIB left exchange accounts for private addresses. Modest inflow: Around 131 billion $SHIB…