Author: NBTC

Binance recorded about $1.23 billion in net outflows during the week beginning June 29, according to DefiLlama data reported by Cointelegraph. The figure was up 207% from about $400 million in the previous week. The exchange also recorded about $3.2 billion in monthly net outflows. The move showed that users were moving more funds away from the world’s largest crypto exchange by trading volume. The outflows came as market focus turned to Ethereum withdrawals from Binance. Data from CryptoQuant showed more than 166,000 $ETH withdrawal transactions in one day. https://x.com/cryptoquant_com/status/2072980165341401496?s=20 CryptoQuant community analyst Darkfost said the level had not been…

The leading cryptocurrency, Bitcoin, is stuck between $60,000 and $62,000. According to recent analyses, $BTC is testing the $60,000 support level due to the lack of recovery catalysts. In this context, although Bitcoin rose above $65,000 on Monday, it subsequently fell back to the $62,000 level. The market is now focused on whether the $60,000 support level will hold. It is noted in the market that $60,000 is seen as the most important short-term technical and psychological support level. According to analysts, institutional investors, who led the rally in the current cycle, are reducing their risk, making a strong recovery…

The cumulative fee revenue generated by decentralized finance (DeFi) protocols from the start of 2023 through May 2026 has reached approximately $25 billion, according to a new report from Unfolded. The data, sourced from Token Terminal, highlights a significant milestone for the sector, demonstrating that DeFi platforms can generate real, measurable income beyond speculative trading activity. DEXs Drive Half of All Fee Revenue Decentralized exchanges (DEXs) were the primary contributors, accounting for roughly half of the total fee revenue collected during this period. Their dominance reflects the sustained user demand for permissionless trading, particularly in volatile market conditions where traders…

Ethereum treasury company BitMine Immersion Technologies (BMNR) continued its aggressive accumulation strategy last week, adding 42,197 $ETH to its balance sheet as it edges closer to controlling 5% of Ethereum’s circulating supply. The latest purchase brings BitMine’s total holdings to 5.74 million $ETH, valued at approximately $10.3 billion at current market prices. However, Ethereum has underperformed over the past 24 hours and risks dropping below $1,700 in the near term. BitMine nears 5% Ethereum ownership goal According to blockchain analytics platform Arkham, BitMine now owns roughly 4.75% of Ethereum’s circulating supply. https://twitter.com/arkham/status/2074187046042714122 Based on current market prices, the company would…

Shares of Coinbase Global COIN moved lower on Friday after Baird reiterated its Neutral rating on the cryptocurrency exchange operator but lowered its price target, warning that weak trading activity could continue to weigh on the business. Coinbase stock fell nearly 7% in trading to around $152. The shares have struggled throughout 2026, declining roughly 34% since the start of the year as cryptocurrency prices have remained near their 52-week lows. Baird also named Coinbase a “Bearish Fresh Pick,” citing concerns that soft trading volumes may persist for an extended period and could lead to disappointing second-quarter results. Weak trading…

The $XRP price remains down despite the success recorded by the $XRP ETFs, leading to questions about how these products actually benefit $XRP. Following their launch, spot $XRP ETFs witnessed massive institutional demand, leading to multiple milestones. However, this success has not translated into improved price performance. This report discusses the reasons behind the disconnect between $XRP ETF success and $XRP price action, as well as how these products could actually benefit $XRP in the long run. $XRP ETFs Saw a Strong Start Spot $XRP ETFs officially launched in the United States in November 2025, although some $XRP futures-based products…

SEC Commissioner Hester Peirce, the chair of the agency’s crypto task force, has outlined her regulatory priorities for the remainder of her term, warning that if the CLARITY Act passes it will create substantial new rule-writing obligations the SEC needs to begin preparing for now. CLARITY Act Is the Hinge Point Peirce made clear that the crypto task force’s direction depends significantly on whether the CLARITY Act clears Congress. “Clarity does give us quite a few regulatory obligation or rule writing obligations,” she said. “That’s something that we’re watching and we’re trying to prepare for, what that will look like…

The FIFA World Cup 2026 is rewriting what a global sporting event looks like for the crypto industry — and not just in the margins. From an official exchange partnership to a live blockchain ticketing pilot, the tournament has become a proving ground for technologies that have spent years waiting for exactly this kind of stage. Key takeaways Kraken was named FIFA’s Official Crypto Exchange Supporter on June 9, 2023, running fan engagement campaigns and Bitcoin trading competitions throughout the tournament. FIFA is piloting blockchain-based ticketing using Avalanche technology, selected for its low transaction fees and high throughput. Crypto betting…

Despite the ongoing downward trend in the cryptocurrency market, some analysts remain optimistic about Bitcoin’s long-term outlook. Crypto analyst David Eng stated that while Bitcoin ($BTC) is currently in a bear market, its long-term cyclical structure remains intact. According to Eng, Bitcoin’s price movements are driven by two key indicators: the 400-day moving average and the four-year market cycle. Based on this data, the analyst estimated Bitcoin’s fair value to be approximately $76,400. Eng stated that the current market price is approximately 20 percent below this level, arguing that $BTC’s current value does not fully reflect its long-term potential. According…

Zapper will wind down operations after nearly seven years, closing one of the better known consumer apps from DeFi’s first major growth cycle. Co-founder and CEO Seb Audet said Zapper’s services will shut down completely on August 3, including zapper.xyz, its mobile apps, and API services. Existing API users will receive transition guidance, according to the announcement. The company said it evaluated several options before deciding that an orderly shutdown was the best path forward. Zapper launched on May 1, 2020, after DeFiSnap and DeFiZap joined forces. The original product combined DeFiSnap’s portfolio dashboard with DeFiZap’s one click investment tools,…