Author: NBTC

Arthur Hayes, the founder of BitMEX and a closely followed figure in the cryptocurrency market, continues to increase his Ethereum investments. According to data shared by the on-chain analytics platform Onchain Lens, Hayes purchased approximately 1,337 $ETH using a total of 2.5 million $USDC. According to the shared information, Hayes initially transferred 2.5 million $USDC to his Galaxy Digital account. Following the transfer, it was determined that 1,337 Ethereum ($ETH) was purchased with these funds. At the time of the transaction, the total value of the purchased $ETH was approximately $2.5 million. According to data reported by Onchain Lens, Hayes…

Early in Donald Trump’s second term, his special advisor, Elon Musk, began to promote a conspiracy theory that suggested that Fort Knox didn’t contain the gold it was supposed to. This was always nonsensical; documents released in Trump’s first term confirm that the Treasury Office of Inspector General conducts “audits of United States Mint Custodial Gold Schedules” on an annual basis. This audit “includes an inspection of all gold compartments and joint seals to verify the compartments are locked, and the seals are in-tact and have not been tampered with.” Furthermore, despite Musk promoting the claim that the gold hadn’t…

RippleX Head of Product Jazzi Cooper has revealed plans for a major technological upgrade to xrpld 3.3.0. According to Cooper, the XRPL network has already proven its ability to scale digital assets, and its infrastructure is now entering a phase of real-world global adoption — from cross-border payments and trading to collateral management and instant settlement. The official release of the upgrade package is scheduled for next week. In accordance with the network’s standard process, the new features will be activated after they have been reviewed and approved by independent community validators. The upcoming upgrade package includes five fundamental amendments,…

The SEC is ready to introduce its own rules covering key crypto market structure issues if Congress fails to pass the CLARITY Act, Chair Paul Atkins said in an interview with CNBC. Atkins said the agency could address many of the same regulatory issues through its own rulemaking authority, though he expressed confidence that the legislation would clear Congress and stressed that congressional action remains the preferred path. He argued that the legislation would provide lasting regulatory certainty, future-proof the framework governing digital assets and give the SEC clear direction for overseeing the crypto market. “We’re doing all we can…

Perpetual futures have spent years as one of crypto’s most popular trading products, especially for investors outside the United States. Now that the contracts are entering regulated American markets, Wall Street is trying to decide whether they are a passing retail craze or a lasting threat to traditional futures. The early numbers have been hard to ignore. Kalshi’s perpetual futures topped $1 billion in trading volume within a week of launch in June, making them the company’s biggest product debut since prediction markets. The exchange has since sought regulatory approval to offer perpetual futures tied to gold and silver, a…

Following a wave of selling pressure that pulled bitcoin ($BTC) below $60,000 two weeks ago, analysts have highlighted on-chain data that signals possible seller exhaustion, which is further substantiated by a reprieve in macroeconomic conditions. According to analysts at crypto exchange Bitfinex, the market is witnessing a transition into late-stage capitulation rather than a broader distribution phase. This translates to constant selling pressure among previous buyers of $BTC, like exchange-traded funds (ETFs) and treasury companies. Bitcoin Sellers Are Getting Exhausted Recent bitcoin buyers aggressively turned into sellers after the asset’s price fell below $75,000. Since then, demand for the cryptocurrency…

Blockchain intelligence platform Onchain Lens reported that Abraxas Capital, a prominent digital asset management firm, deposited 61.19 million $USDT into the Bitfinex exchange. In a separate transaction, the firm supplied 40,000 $ETH to the Spark protocol, a decentralized finance (DeFi) lending platform. The moves highlight continued institutional activity in both centralized and decentralized finance sectors. Transaction Details and On-Chain Data Onchain Lens detected the $USDT transfer to Bitfinex, a major cryptocurrency exchange known for its deep liquidity and institutional client base. The exact purpose of the deposit remains undisclosed, but such transfers often precede trading activity, market-making, or liquidity provisioning.…

Tether is shifting stablecoin adoption from crypto markets toward everyday financial infrastructure. By leading Pact Labs’ $7 million Series A, the company is targeting payroll, earned wage access, and real-time payments through USA₮. That strategy addresses a U.S. payroll system processing more than $11 trillion annually, where legacy settlement still delays access to earned wages. Supporting this, Tether CEO Paolo Ardoino noted, This confirms what our transaction data has shown for years: the demand for dollar-denominated settlement is a wages story. Source: Tether on X Rather than competing for trading volume, Tether is pursuing recurring payment flows that generate consistent…

Shiba Inu has witnessed an aggressive cut in its circulating supply as the network continues to burn the asset in large quantities, registering its 2026 biggest token burn this week. While the aggressive burn activity still extends to this moment, tens of millions of $SHIB tokens have also been burned over the last 24 hours. $SHIB network activity soars Per the latest data from Shibburn, the Shiba Inu burn rate has soared massively by over 3,607% over the last 24 hours as a total of 24.38 million $SHIB were destroyed during the period. The aggressive burn trend, which began a…

Bank Leaders Push Senate to Rewrite Stablecoin Provision The bank leaders’ CLARITY Act letter urged U.S. Senator John Thune (R-SD), Majority Leader of the U.S. Senate, and U.S. Senator Charles Schumer (D-NY), Minority Leader of the U.S. Senate, to revise Section 10404 of the CLARITY Act. Section 10404 of the crypto legislation establishes restrictions on paying interest or yield on payment stablecoins. The banking executives want lawmakers to strengthen the provision so companies cannot bypass the prohibition through rewards, incentives, or other arrangements that create similar economic benefits for holding stablecoins. The bank leaders stated: “We therefore urge the Senate…