Author: NBTC

President Donald Trump called on the Senate to pass the Clarity Act “in honor of Senator Lindsey Graham, a big supporter” of the crypto market structure bill, in a Truth Social post Monday. Graham, the South Carolina Republican and Senate Banking Committee chair, died unexpectedly on July 11. Trump framed the bill as a race against Beijing. “China, and many other countries, would like to take complete and total control of this major financial ‘happening,’ as well as A.I., where we are now leading, but where they are fighting hard,” he wrote, adding “Don’t let China win on either subject!!!”…

Major crypto exchange OKX has sent out a notice to users of $USDC on the Solana blockchain, announcing a temporary suspension of deposit and withdrawal services due to scheduled wallet maintenance. OKX said the temporary pause is due to wallet maintenance and will take place in the next 24 hours, on July 14. 由于钱包维护，我们将于7月14日14:30 (UTC+8) 暂停 $USDC 在 Solana 网络的充提服务，待维护完成后恢复。相关代币的交易不受影响，请勿在钱包维护期间进行 $USDC 的充提操作，以免造成资金损失，感谢您的理解与支持~ — OKX中文 (@okxchinese) July 13, 2026 Due to wallet maintenance, OKX said it will suspend $USDC deposit and withdrawal services on the Solana network on July 14 at 14:30 (UTC+8), and resume them after the maintenance is completed.…

Base creator Jesse Pollak said the network made the wrong bet on onchain social and will refocus its strategy around trading, payments, and AI agents as it seeks to become infrastructure for global finance. lots of conversations about base over the last week. wanted to share my candid take after a week of listening and a lot of reflection over the last 6 months. first off – in case it’s not obvious, the first quarter of 2026 was a punch in the face. I spent 2024 and 2025 making a… — jesse.base.eth (@jessepollak) July 15, 2026 Pollak said the first…

The controversial Bitcoin soft fork aimed at combating network spam, BIP-110, has failed to garner enough support from miners. As of 4th July, the final day for miners (miner-activated soft fork, MASF) to implement the temporary upgrade, the support was surprisingly negligible. Notably, only 10 blocks out of 2,016 supported the move, or less than 1% of the total Bitcoin hashrate power. Source: BIP110 monitor For the soft fork to be activated, 55% of blocks should signal support in a 2,016-block period. Reacting to the low support by miners, David Bailey, founder of the Bitcoin Conference and treasury firm Nakamoto,…

Ethereum [$ETH] has continued to hover around $1.8k. After successfully rebounding from $1800, the altcoin has shown relative strength, rising to $1876. As of this writing, Ethereum was trading around $1866, up slightly by 1.7% on the daily charts. As $ETH hovered around $1.8k, whales turned optimistic and opened long positions. Whale dumps $BTC for Ethereum long According to Lookonchain, two newly created wallets sold 72 Bitcoin [$BTC] worth $4.66 million and then jumped to Ethereum. After dumping $BTC, the trader opened a 20x long position in 12,000 $ETH, worth approximately $22.4 million. So far, with $ETH holding above the…

The bitcoin ETF bleed has spread across crypto. U.S. spot bitcoin funds shed another $396.60 million on Wednesday, extending a record outflow streak to 13 straight sessions and a $4.37 billion drain since mid-May, while ether, solana and $XRP products joined the redemption wave. Hyperliquid’s spot $HYPE ETF was the only major crypto fund still pulling in net new money. BlackRock’s IBIT, the largest bitcoin ETF by net assets, absorbed the bulk of Wednesday’s outflow with $342.34 million in redemptions, according to SoSoValue data. Fidelity’s FBTC lost another $54.26 million. The two funds dropped 2.76% and 2.65% respectively as bitcoin…

In brief Senate Democrats are ramping up opposition to the Clarity Act, demanding ethics rules barring President Trump and his family from profiting off crypto. With less than four weeks before Congress’ August recess, the bill faces a narrowing window to pass this year. The legislation will need at least seven Democratic votes in the Senate, if not more, making bipartisan support critical. Key Senate Democrats have begun mounting an impassioned case against passage of the Clarity Act in its current form, as the sprawling crypto bill enters a climactic final hurdle. On Monday, Sen. Elizabeth Warren (D-MA) wrote a…

The next distribution of funds to creditors of the collapsed cryptocurrency exchange FTX is scheduled for July 31, totaling approximately $600 million, according to Sunil Kavuri, a representative for the largest group of FTX creditors. Kavuri announced the development on X, noting that the record date for the distribution was June 16. Timeline and Eligibility This payout marks another step in the ongoing bankruptcy proceedings of FTX, which filed for Chapter 11 protection in November 2022. The $600 million distribution is part of a broader plan to repay creditors using recovered assets. The record date of June 16 means that…

The Volvo Group has been quietly exploring the benefits of decentralized ledgers. Ivan Branco, who leads information management, AI, and analytics for the Volvo Group’s logistics operations in Belgium, recently revealed that the car giant is currently in the process of developing a proprietary cryptocurrency designed for supplier transactions. The role of blockchain For Volvo, the interest in blockchain is about solving tangible supply chain inefficiencies. Branco has noted that the company approaches these technologies from a perspective of business necessity. It is no longer about tech-first experimentation. “The way I see blockchain is when I look at all the…

After an extended decline, Bitcoin is beginning to stabilize, but macroeconomic factors are still preventing a long-term rebound. CoinShares reports that the rebound was brought on by a June U.S. nonfarm payrolls report that was weaker than anticipated, adding only 57,000 jobs as opposed to 115,000. This was a lot less than the 129,000 gain (revised from an initially reported 172,000) in May. Macroeconomic factors supporting Bitcoin’s recovery Meanwhile, the unemployment rate decreased from 4.3% to 4.2%. On the release, the market pushed back its pricing for a short-term Fed hike, and the yield on the two-year Treasury fell more…