Kazakhstan Establishes a National Crypto Reserve

The National Bank of Kazakhstan plans to establish a state-managed cryptocurrency reserve, according to a Monday report by government news agency Kazinform. Local authorities are studying the development of a crypto reserve, which would follow international practices. Typically, such reserves are likely to be funded with expropriated digital assets and state-run crypto mining operations, the…

Nobitex Crypto Exchange Resumes Some Withdrawals

Hacked Iranian crypto exchange Nobitex has begun the process of restoring services after it was attacked by pro-Israel hacker group Gonjeshke Darande earlier this month. The exchange stated that only users who have completed identity verification will have access to the wallet, with spot exchange users being given priority. Nobitex said users should avoid depositing…

Trader Liquidated Eight Times In A Week

An unlucky trader was liquidated eight times in the last week, according to blockchain analytics service Lookonchain.  The trader, under the handle qwatio, saw a total loss of $12.5 million. In the latest liquidation on Monday, Lookonchain said qwatio was partially liquidated for an Ether (ETH) position that was leveraged by 25X. A new liquidation price…

Social unrest among Gen Z to drive BTC adoption: Analyst

Younger generations disillusioned by the current financial system and calling for a socialist system financed through increased public spending will force the price of Bitcoin (BTC) higher in the long term, according to market analyst Jordi Visser. In a Sunday episode of entrepreneur Anthony Pompliano’s podcast, Visser said younger generations, those 25 and lower, are…

XRP Price Suppressed by $2.40 Resistance as Analyst Predicts When a Breakout is Coming

Key takeaways: XRP is stuck within a narrowing range over the last three months. Analyst says XRP price consolidation could end as soon as next month. XRP/USD price must establish $2.40 as new support to resume the uptrend. XRP price has been stuck within the $2.00 and $2.40 range over the last 90 days, with…

BlackRock’s Spot Bitcoin ETF (IBIT) Snaps Four-Week Downtrend in Volumes

BlackRock’s spot bitcoin exchange-traded fund (ETF) listed on Nasdaq under the ticker IBIT rose 3.49% last week, snapping a four-week downtrend in trading volumes. A total of 210.02 million shares changed hands in the week ended June 27, registering a 22.2% growth from the preceding week’s volume tally of 171.74 million shares, according to data…

Bitcoin Set to Chase New Highs While Altcoins Struggle

Key points: Bitcoin is facing selling near $108,000, but the likelihood of a break above it remains high. Several major altcoins remain in a range, but some are showing signs of breaking above their near-term overhead resistance levels. Bitcoin (BTC) is facing selling just above $108,000, but a positive sign is that the bulls have…

Bitcoin Price Stagnant As Long-Term Holders Sell To Institutions

Long-term holder selling pressure has stunted the growth of Bitcoin’s price, despite recent moves from institutions and corporations to buy the asset, according to an analyst.  “People are wondering why Bitcoin has been stuck at $100K so long, despite the institutional FOMO,” said Capriole Investments founder Charles Edwards on Sunday.  He added that this is…

How Russian miners built a mobile crypto farm and got busted

What is crypto mining on wheels, and how did Russian authorities discover it? A mobile cryptocurrency mining operation involves installing mining equipment, such as application-specific integrated circuits (ASICs) or graphics processing units (GPUs), in portable units like trucks, vans or shipping containers.  Mining equipment can be easily relocated to take advantage of inexpensive or unregulated…

What Happened In Crypto Today

Today in crypto, Michael Saylor signals 11th consecutive week of Bitcoin buying, Kenya’s crypto startups fear a Binance-linked lobby group could tilt new regulations in the exchange’s favor under the proposed VASP bill, and ETF analysts are confident of REX Shares launching a Solana staking ETF very soon. Saylor hints at continuing Bitcoin buying streak,…