Author: NBTC

The Rich List Is Bigger Than It Looks The coin’s distribution panel lists a maximum supply of 100 billion $XRP, 67.526 billion in circulation, 32.445 billion in escrow, and 14.364 million permanently destroyed through transaction fees, according to stats logged by xrpscan.com’s Rich List page. The rich-list images rank accounts by combining direct balances with $XRP displayed in the “In Escrow” column, pushing several Ripple-linked addresses above wallets holding much larger immediately available balances. Adding every balance and escrow allocation shown across the 40 wallet entries Bitcoin.com News researched, produces 55.839 billion $XRP, equal to about 55.85% of the listed…

Robinhood Chain surpassed Base on daily active users on July 21, three weeks after the trading platform launched its mainnet, according to Artemis data. The network registered 323,969 daily active users against Base’s 274,520, and set a record $588.9 million in total value locked the same day. The chain first crossed above Base on July 11, when it counted 314,843 daily active users to Base’s 283,938, per Artemis. The lead has changed hands since: Robinhood Chain held it from July 11 to July 15, Base regained it from July 16 to July 20, and Robinhood Chain moved back on top…

Crypto analyst Ali Martinez shared notable technical and on-chain levels for Bitcoin and Ethereum. According to Martinez, the $60,000 region is critical for maintaining the current trend in Bitcoin. The analyst noted that, according to on-chain data, more than 1.3 million $BTC changed hands between $60,000 and $63,000. Martinez emphasized that this region represents one of the largest volume clusters for Bitcoin, and stated that the $60,587 level should be maintained as short-term support. Related News An Altcoin Has Partnered with 47 Banks for International Payments – Is Ripple’s Dominance Under Threat? According to Martinez, if Bitcoin falls below this…

The Ethereum community is abuzz after Arthur Hayes, co-founder of BitMEX, purchased 1,332.5 $ETH for $2.53 million. This major acquisition, confirmed by Lookonchain, highlights ongoing interest in Ethereum as a preferred investment. As social media engagement rises around this transaction, the community is keenly observing how it might influence broader market trends. The Key Development The recent purchase has led to a spike in social media activity, with Lookonchain noting 23 likes and 2 retweets on the tweet detailing the acquisition. This level of engagement suggests that such high-profile transactions can stir excitement and speculation within the Ethereum community. Amid…

After losing 90% of its stock price over the past year, the first US-listed Solana (SOL) treasury company, DeFi Development Corp, filed a clever maneuver yesterday. Relocating from Delaware to Nevada, it is now much harder to fire members of its Board of Directors. In a new SEC filing yesterday, the once-$600 million, now-$118 million company bolted from Delaware to Nevada without a full shareholder vote. It simply informed minority stockholders of the decision by its ‘Special Committee’ and majority stockholders. “YOUR VOTE OR CONSENT IS NOT REQUESTED OR REQUIRED,” the company informed common shareholders in all caps. Largest Solana…

Sui has opened public testing for a new privacy system that hides token balances and transfer amounts while preserving access for auditors and compliance teams, introducing a model that differs sharply from traditional privacy-focused cryptocurrencies. According to an announcement published on June 8, confidential transfers are now available in public beta on Sui’s Devnet, with a Testnet release planned later this year. The feature encrypts transaction values and wallet balances onchain but leaves sender addresses, receiver addresses, token types, and transaction timestamps visible. Confidential transfers are live in public beta on Sui Devnet.Transfer amounts and balances are private, with controlled…

Traders Are Ready to Hand AI More Control Seven in 10 U.S. crypto traders polled by OKX said they would be comfortable letting artificial intelligence manage their portfolios without human review, according to survey results published July 21. The group included traders willing to grant AI complete autonomy and those prepared to allow automated decisions within risk limits they set themselves. The company said: “Approximately 7 out of 10 traders we surveyed said they’d be comfortable letting an AI manage their portfolio without a human checking every move, either with full autonomy or within risk limits they set themselves. That’s…

With the crypto market showing signs of bottoming, Bitwise Chief Investment Officer Matt Hougan said investors looking ahead to the next crypto bull market should pay particular attention to two types of investments that he believes are best positioned to benefit as blockchain technology becomes more deeply integrated with traditional finance. In his latest market commentary, Hougan identified these as the “Hyperliquid Lane” and the “Robinhood Lane.” The Hyperliquid Lane The Bitwise exec said he believes the next crypto bull market will be driven by the convergence of onchain and traditional finance through trends such as stablecoins, tokenization, 24/7 trading,…

Over the past week, bitcoin ($BTC) has traded between $62,000 and $72,000. Despite bullish conditions not being fulfilled, the leading digital asset has managed to hold its floor. Analysts at the crypto exchange Bitfinex revealed in the latest Bitfinex Alpha report that the current crypto market environment is being reshaped by shifting Federal Reserve expectations and inflation risks. These factors have created near-term pressure for risk assets like gold and $BTC; regardless, the floor of the latter has remained intact. Bitcoin in Limbo On-chain data shows that neither bulls nor bears are firmly in control. With $BTC trading within the…

Ethereum ($ETH) reserves are moving in different directions across major cryptocurrency exchanges. Gemini and Bitfinex have recorded significant outflows, while Binance’s holdings have remained mostly stable, according to CryptoQuant analyst Amr Taha. 658,600 Fewer $ETH on Exchanges Data shared by Taha shows Gemini’s Ethereum reserve fell to 384,400 $ETH on July 24. This marks its lowest level since March 2024. Notably, the exchange has lost about 188,600 $ETH, or 32.9%, since holding 573,000 $ETH on April 23. Meanwhile, Bitfinex has also seen a major decline. Its Ethereum reserve dropped from 2.71 million $ETH on May 11 to 2.24 million $ETH.…