Author: NBTC

FBI Director Kash Patel failed to timely disclose a six-figure purchase of stock in Strategy (MSTR), the world’s largest publicly-listed bitcoin holder, according to a report by nonpartisan news outlet NOTUS. Patel supposedly purchased between $100,001 and $250,000 worth of MSTR on Nov. 21, but did not report the trade to regulators until May 26. The reason for the delay? miscommunication. Patel informed the Office of Government Ethics that he “inadvertently omitted” the transaction due to an unspecified “miscommunication.” According to the Stop Trading on Congressional Knowledge (STOCK) Act, high-ranking executive branch officials need to publicly disclose individual stock trades…

QuickSwap, a renowned decentralized exchange (DEX), is going to conduct a $QUICK token burn. Specifically, QuickSwap has planned to burn 20M $QUICK tokens from the community treasury. As per QuickSwap’s official social media announcement, the decision to burn the respective tokens comes after the successful voting by the community. The development underscores a crucial move in the platform’s sustainability strategy of the platform in the long term. It’s official: QuickSwap will burn 20M $QUICK tokens from the Community Treasury.The vote has passed, with nearly 100% of the dragon community voting ‘Yes’ on the latest governance proposal.Burn baby, burn 🔥 https://t.co/WDOJW9uzeY…

The new blockchain broadens the company’s crypto offering by combining tokenized equities, decentralized lending and perpetual futures on an Arbitrum-based Ethereum layer-2 network, the analysts said. While early trading has been driven by memecoins, the broker expects Robinhood to increasingly focus on tokenized real-world assets, including stocks and commodities, alongside perpetual futures. The report also highlighted Robinhood’s integrations with partners including Uniswap, Morpho, Lighter, Chainlink and BitGo as key to building liquidity and expanding the utility of tokenized assets. The launch comes as tokenized real-world assets continue to outperform the broader crypto market. The sector has grown to more than…

Bitcoin came under renewed selling pressure at the start of the week, with analyst CrypNuevo warning that the market could weaken further if the price fails to hold above $61,000. In a post on X, he said the recent drop may simply be a reset in market positioning but noted that the bearish outlook remains unless buyers defend that level. He also said Bitcoin needs to stay above its 4-hour 50-period exponential moving average to reduce the risk of further losses. $BTC update:As analysed yesterday, bearish start of the week. Bias unchanged.It could simply be a move to reset the…

The cryptocurrency market experienced a significant surge, led by Bitcoin, after weak employment data reduced the likelihood of a US interest rate hike. Bitcoin, the world’s largest cryptocurrency, has gained approximately 5% in value over the past week. Altcoins have also benefited from this rise. Ethereum’s price has surged by about 12% in the last week. However, numerous economic developments and altcoin events await cryptocurrency followers in the new week. Here is the weekly calendar we have specially prepared for you at Bitcoinsistemi.com. (All times are given in UTC+3 Turkish time) Monday, July 6 STRK – Starknet will receive the…

Robinhood Chain, the blockchain network built by the popular trading app to power tokenized stocks, has become one of the busiest new chains in crypto. But despite being built around tokenized stocks and other real-world assets (RWAs), speculative memecoin trading has so far become the network’s defining use case. A cat-themed token called CASHCAT, named after Robinhood’s former mascot before the company rebranded, has surged 2,158% over the past 7 days, and the memecoin has a $156 million market cap. By comparison, tokenized real-world assets on the chain are worth just $12.81 million, of which $10.68 million is stocks, with…

Leading cryptocurrencies moved sideways on Monday as high-profile Bitcoin sell-offs were offset by growing optimism for a Strategic Bitcoin Reserve. Bitcoin Dips And Then Rips Ethereum oscillated between $1,728 and $1,820 throughout the day, with trading volume surging 43% over the last 24 hours. Over $500 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $300 million in bearish short positions erased, according to Coinglass data Market sentiment improved from “Extreme Fear” to “Fear,” according to the Crypto Fear & Greed Index. Top Gainers (24 Hours) The global cryptocurrency market capitalization stood at $2.21 trillion,…

Travel platform Travala announced in a post on X that users can now book over 2.2 million hotels globally using $XRP, in what it called a significant stride in crypto’s adoption in everyday payments. In a statement, Travala reiterated the original design intent of $XRP as it was “built to move value fast,” making its use for hotel bookings in line with that vision. The travel platform said users can now secure hotel bookings with instant confirmation and without the involvement of banks. $XRP was built to move value fast ⚡So we built the real world use case!Book 2.2M+ hotels…

Aave has selected Chainlink’s Cross Chain Interoperability Protocol as the default infrastructure for cross chain activity across its ecosystem, expanding the integration to cover the Aave App and Stable Vaults. CCIP already supports transfers of Aave’s $GHO stablecoin and cross chain governance through the Aave Delivery Infrastructure, known as a.DI. The system will now also handle the Aave App’s cross chain operations, including deposits, withdrawals, vault rebalancing, yield optimization, and asset transfers. The Aave App uses Stable Vaults to move deposits and optimize yield across Ethereum, Base, and Arbitrum. CCIP will process those actions in the background, removing the need…

“The institutional bid has all but vanished,” said Yusuf Fakhro, partner at ARP Digital, pointing to CME futures open interest at a 32-month low and a term structure at its tightest since early 2023. He added that six-month options skew, a measure of how much traders pay to protect against a drop, has spiked to its fourth-highest on record, with the only parallels in June and November 2022, both of which came near major cycle bottoms. When downside insurance gets this expensive, he said, the market is paying up for protection just as the worst may already be priced in.…