Author: NBTC

Two newly identified wallet addresses, suspected to be linked to Ethereum accumulation firm Bitmine (BMNR), have withdrawn a combined 40,000 $ETH — valued at approximately $71.62 million — from major exchanges Kraken and FalconX, according to blockchain tracking platform Onchain Lens. Large Exchange Outflows Signal Long-Term Holding Strategy Withdrawals of this magnitude from centralized exchanges are typically interpreted by market analysts as a strong signal of long-term holding intent. When large sums of cryptocurrency are moved off exchanges into private wallets, it often reduces available supply on trading platforms, which can influence market dynamics. This latest movement follows Bitmine’s disclosure…

Block, the Jack Dorsey-led fintech company behind Cash App, will pay $45 million to settle claims that it failed to protect users from fraud and actively misled customers about the safety of its platform. The settlement, announced on July 8, involves attorneys general from 46 states plus New York, making it one of the most sweeping multistate enforcement actions against a fintech company in recent memory. For millions of unbanked and underbanked Americans, Cash App functions as a primary bank account. Regulators are now saying Block treated those users’ trust like an afterthought. What Block allegedly got wrong According to…

According to on-chain analytics provider CryptoQuant, the Binance $XRP Scarcity Index has spiked to approximately 0.77 over the last three days. This mark represents the highest level of scarcity observed on the platform since mid-2024. Change in supply balance Market analyst @ArabxChain has noted that the sudden data change “reflects a structural shift in the supply balance on Binance, indicating that $XRP has become scarcer on the platform than in previous months.” On-chain data tracking shows that the index experienced a prolonged period of relative stability before launching into a clear upward trend over recent weeks. Intriguingly, the spot price…

Bitcoin ($BTC) hit new two-week lows at Wednesday’s Wall Street open as traders predicted a rally to a “poor” lower high. Key points: Bitcoin price action edges closer to range lows, which traders still see holding. A relief bounce should enter soon, they say, with targets closer to $70,000. US-Iran peace progress has little bullish impact on risk assets, with US stocks flat at the open. $BTC price nears range lows: Is $70,000 next? Data from TradingView showed $BTC price action dropping below $60,000 for the first time since June 10. $BTC/USD four-hour chart. Source: Cointelegraph/TradingView Traders had warned of…

Prominent Ethereum bull James Fickel has deposited 20,000 $ETH, valued at approximately $36.09 million, to Coinbase Prime, according to on-chain data tracked by Onchain Lens. The transaction, executed roughly six hours ago, has drawn attention from market observers due to Fickel’s well-known bullish stance on Ethereum. Who is James Fickel? James Fickel is the founder of Amaranth Foundation and a vocal advocate for Ethereum. He has been a significant player in the crypto space, often making large, public bets on $ETH’s long-term value. His recent deposit to Coinbase Prime, a platform favored by institutional investors for its liquidity and custodial…

OpenAI is preparing its biggest ChatGPT overhaul since the chatbot launched in 2022. The redesign would turn ChatGPT into a super app built around coding tools, AI agents, and creative features. The rollout starts in the coming weeks across ChatGPT’s website and mobile apps. It anchors a pre-IPO push for enterprise customers, where margins run higher than consumer subscriptions. ChatGPT Redesign Puts Enterprise Tools First The new interface will steer ChatGPT’s reported 900 million weekly users to built-in coding, image generation, and partner apps. The plan elevates Codex, previously a standalone product, and adds agents that execute multistep tasks. The…

The most consequential crypto bill in American history missed its July 4 signing target and sits on the Senate calendar with no floor vote scheduled. The reason is not procedure. It is three specific, unresolved fights: the President’s $1.4 billion in crypto income, a developer shield that police groups call a criminal loophole, and a stablecoin-yield question worth $1.35 billion a year to Coinbase alone. The Senate returns July 13 with three weeks to settle all three. Here is each fight, both sides, and the math. America’s 250th birthday came and went without the signing ceremony the White House had…

The Binance $XRP Scarcity Index surged to an approximate level of 0.77 during the first week of July 2026. Trading activity on the South Korean platform Upbit recorded a spot volume for $XRP that doubled that of Bitcoin during the same period. The token’s price has remained stable above the technical support of 1.13 dollars in recent sessions. The cryptocurrency market is experiencing profound shifts in the distribution of its major digital assets. In recent weeks, the availability of $XRP en Binance tightened, coinciding with a technical consolidation that keeps spot market traders expectant. The report from CryptoQuant reveals that…

In brief 21Shares predicted that Bitcoin’s four-year cycle would fall in 2026, but conceded that it hasn’t yet. The firm indicated the market cycle has changed, however, pointing to a less severe drawdown and no complete capitulation as $BTC trades below $60,000. It also forecasted significant growth for crypto ETF assets under management (AUM) and gains for DeFi TVL, both of which have been hampered early this year. Crypto investment firm and ETF issuer 21Shares previously predicted that Bitcoin would break from its four-year cycle in 2026. Nearly six months later, the firm conceded on Wednesday that that’s not the…

Sophia Dew, the lead of Developer Relations (DevRel) at the Ethereum Foundation (EF), has announced she is stepping down from her full-time position. In a post on X, Dew confirmed that while she will no longer work full-time at the foundation, she intends to remain an active member of the Ethereum community. Background and Contributions Dew has been deeply involved in the Ethereum ecosystem since participating in her first Ethereum (ETH) hackathon four years ago. Her work at the foundation focused on bridging communication between developers and the core protocol team, fostering community growth, and supporting the network’s technical evolution.…