Author: NBTC

A cryptocurrency wallet linked to Bitwise, the asset manager behind a spot Bitcoin ETF, has withdrawn approximately $2.4 million worth of $HYPE tokens from Wintermute, a prominent crypto market maker. The transaction was flagged by blockchain analytics platform Onchain Lens, which identified the wallet as likely belonging to Bitwise based on on-chain patterns. Transaction details and participants The transfer involved $HYPE, the native token of the Hyperliquid decentralized exchange (DEX) ecosystem. Wintermute, known for its institutional liquidity and over-the-counter (OTC) trading services, facilitated the transaction. While Bitwise has not publicly confirmed the wallet’s ownership, the address has been consistently linked…

Despite the Greek withdrawal, she said she supports MiCA remaining a system in which national regulators grant licenses, while the European Securities and Markets Authority (ESMA) plays a larger supervisory role over the largest firms. Binance is not the only crypto exchange suspending crypto services by July 1. ESMA privately advised national regulators to disapprove Binance’s MiCA applications, highlighting issues the exchange has meeting compliance with financial-crime rules, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions. Lynch said the WSJ’s reporting “mischaracterises how these accounts were identified, reviewed and acted upon. With regards to the…

HSBC has completed its first blockchain-based issuance of a digitally native structured product, using tokenized U.S. dollar-denominated notes in a private placement for institutional investors in Hong Kong. According to HSBC, the pilot transaction involved U.S. dollar-denominated structured notes issued in Hong Kong with support from Asia-Pacific digital market infrastructure operator Marketnode, which acted as both the tokenisation agent and digital paying agent. By issuing the notes directly on blockchain, Marketnode enabled digital issuance while also managing payment flows between HSBC and the investor. HSBC said the pilot tested how tokenisation can make the issuance, settlement, administration, and servicing of…

Bitcoin ($BTC) is seeing a “textbook” bear-market bottom as speculators take profits on the trip toward $65,000. Key points: Bitcoin is repeating previous macro bottom behavior in a “textbook” manner, analysis argues. Short-term holders are taking profits on minor recoveries — something “characteristic of a bull market.” Doubts remain about speculators avoiding future capitulation. Analysis: Bitcoin bottom will “be very obvious in hindsight” In their latest analysis on X, the Bitcoin quant account known as Frank, named for the famous economist Frank A. Fetter, doubled down on conviction that the worst of the $BTC price downtrend is over. “This is…

“Banks aren’t asking whether they’ll use stablecoins anymore. They’re deciding how they’ll use them,” said Andrew MacKenzie, the founder and CEO of Scotland-based stablecoin issuer Agant, in an interview. The discussion intensified this week after Circle CEO Jeremy Allaire responded to the introduction of OpenUSD, a rival stablecoin backed by companies including Coinbase (COIN), payments company Stripe and asset manager BlackRock (BLK). Allaire said $USDC’s position rests on nearly a decade of building liquidity, banking relationships and regulatory approvals. Adrian Cachinero Vasiljevic, a co-founder and partner at Steakhouse Financial, which advises institutions on decentralized finance, agrees that the surrounding ecosystem…

On-chain analyst EmberCN reported via X that an AKE market maker has transferred and sold an additional 9.825 billion AKE tokens, valued at approximately $2.24 million, through Binance Alpha and direct on-chain transactions. The price of AKE has subsequently dropped 33%, falling from $0.0003 to $0.0002. Repeat Selling Pattern Raises Questions This is the second large-scale sale by the same market maker in less than a week. Just three days prior, 3.944 billion AKE tokens, worth around $1.22 million, were moved to Binance Alpha and sold. That earlier sale triggered a 40% price decline, from $0.0005 to $0.0003. The recurrence…

In brief Labour MP Phil Brickell has reported Nigel Farage to the Parliamentary Commissioner for Standards, alleging he lobbied the Bank of England on crypto policy that could benefit his biggest donor. The complaint centers on a private September 2025 meeting in which Farage reportedly urged Governor Andrew Bailey to drop plans for a state-run digital pound. Farage received an undeclared £5 million ($6.7 million) gift from Tether investor Christopher Harborne, who has separately given Reform UK a further £15 million. Reform UK leader Nigel Farage has been reported to Parliament’s standards watchdog over allegations that he lobbied the Bank…

Upbit and Bithumb, two of South Korea’s leading cryptocurrency exchanges, announced new trading support for Metaplex (MPLX) and Nexus ($NEX). However, following its initial announcement, Upbit stated that it had changed the trading start times for both assets. Accordingly, the trading start date for Metaplex (MPLX), previously scheduled for July 3, 2026 at 3:00 PM, has been postponed to 7:00 PM, while the start time for Nexus ($NEX), previously announced as 6:00 PM, has also been moved to 7:00 PM. According to Upbit’s announcement, MPLX will be traded on the Solana network for BTC and $USDT, while $NEX will be…

Solana’s real-world asset (RWA) ecosystem reached new milestones in June and early July. The network posted record growth across tokenized stocks, RWAs, stablecoins, decentralized finance (DeFi), and digital collectibles. The blockchain also strengthened its position as the leading network for tokenized equity trading and RWA adoption by active users. Solana Dominates Tokenized Stock Trading According to Solana, about 95% of all on-chain tokenized equity trading took place on its network in June. Cumulative tokenized stock trading volume reached $10 billion, up roughly 180% from the previous month. One of the biggest trading events came during SpaceX’s IPO day. Backpack’s SPCX…

Bitcoin is facing its weakest sentiment cycle yet, according to Lyn Alden, a Bitcoin-focused macroeconomist who said the asset must stand on its own as Strategy disclosed a $216 million Bitcoin sale earlier this week. “I don’t think there’s anything coming to save Bitcoin,” Alden said in a Tuesday interview with journalist and Bitcoin educator Natalie Brunell, saying the asset’s long-term success must come from its own fundamentals rather than external catalysts. “The asset just has to survive on its own merits,” Alden said, pointing to Bitcoin’s underlying properties as a liquid, permissionless way to store and send value, instead…