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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

OpenSea founder pivoted to AI — and won

OpenSea, once one of the most prominent companies in the cryptocurrency industry, has slowly been bleeding users and relevancy over the past four years. The site went from leading the charge during the $NFT (non-fungible token) hype train, seeing over $2.7 billion in volume in a single day in May of 2022, to dwindling to what’s likely to be less than $20 million in turnover for the entire month of August this year. But two years ago, the founder of OpenSea, Alex Atallah, made a pivot to artificial intelligence by starting a company called OpenRouter – and this week it…

NFT

Crypto keeps losing to Ken Griffin’s Citadel

Ken Griffin’s Citadel has bought most of Situational Awareness’ AI stock portfolio at a discount, a move that represents another victory for the billionaire villain of the crypto industry. Indeed, despite years of criticism about Griffin’s traditional finance tactics, the crypto industry keeps giving him more assets. From a copy of the US Constitution, payment for order flow, equity in a $40 billion crypto holding company, and a new distressed portfolio of cheap AI stocks, crypto traders are far too willing to further enrich the billionaire CEO. Margin calls gutted former FTX Future Fund member Leopold Aschenbrenner’s AI hedge fund…

Regulation

CleanSpark, BitFuFu, Canaan See July Bitcoin Output Fall vs June

U.S.-listed Bitcoin mining firms CleanSpark, BitFuFu, and Canaan all reported lower Bitcoin production in July compared with June, according to data shared by The Block on X. The declines ranged from roughly 5% for CleanSpark to about 28% for Canaan, with BitFuFu seeing a 10% drop. Mining Output Declines Despite Bitcoin Price Recovery The production dips come even as Bitcoin’s price rebounded from around $58,500 at the start of July to roughly $63,000 by month-end. That price recovery, however, did not translate into higher output for these miners, suggesting operational factors rather than market conditions drove the reductions. All three…

Mining

The US says it has a Bitcoin reserve, but nobody can agree on how much it owns

On March 6, 2025, President Donald Trump signed an executive order creating the Strategic Bitcoin Reserve, and most of the attention went straight to the grand idea: America had built a digital Fort Knox, the government would stop selling Bitcoin, and Washington could perhaps add more without charging taxpayers. However, the executive order’s operative language was less glamorous but contained several important details that would determine whether the Strategic Reserve succeeded. Every federal agency had 30 days to give Treasury a full accounting of its digital assets, identify the custodial accounts holding them, and review whether eligible Bitcoin could legally…

Bitcoin

Fake World Assets Opens Its Gacha Pool to New NFT Collections

TokenWorks will let artists launch new $NFT collections directly into Fake World Assets' randomized pool through a mechanism called FWAir, extending the two-person team's protocol from trading existing NFTs to issuing new ones. Adam, the TokenWorks co-founder known as Rhynotic on X, announced the design on Sunday evening and said the first launch is expected this week. The mechanism gives FWA a pipeline of new collections to draw collectors back to a protocol whose fee income has fallen more than 98% from its peak since token emissions ended two weeks ago. It also routes artist payment through the protocol's fee…

NFT

Tether reports $1.5 billion Q2 profit and boosts gold reserves

Tether posted approximately $1.5 billion in net operating profit during the second quarter of 2026, supported mainly by returns from its US Treasury portfolio and repo operations, according to the company’s BDO attestation released on Friday. In Q2, USDT supply rose to approximately $184.6 billion by the end of June, extending its share of the global stablecoin market to over 60%. The company reported total assets of $187.7 billion and total liabilities of $183.6 billion, resulting in excess reserves of approximately $4.1 billion. Tether said its reserve portfolio remains concentrated in high-quality liquid assets, with US government-backed securities continuing to…

Regulation

Why Polygon’s CEO Had to Clarify His Own Layoff Announcement

Polygon Labs eliminated a portion of its workforce this week as the firm reshapes itself around a payments-focused business model rather than its earlier identity as a blockchain foundation. CEO Marc Boiron disclosed the restructuring in a post on X, tying the timing to Polygon Labs’ pending purchase of Coinme. Polygon Labs is nearing completion of its acquisition of crypto firm Coinme now, according to Boiron, with plans to fold the acquired team directly into the broader organization once the deal closes. Boiron framed the merger and the accompanying layoffs as part of one connected effort: repositioning Polygon Labs to…

Altcoins

RIOT stock gains 4.7% as JPMorgan lifts target to $22

RIOT stock has climbed 4.7% to $19.91 after JPMorgan raised its Riot Platforms price target to $22 following the Bitcoin miner’s $9.1 billion data center agreement reportedly involving Anthropic. JPMorgan sees momentum building at Riot Platforms On Aug. 1, JPMorgan had increased its price target for Riot Platforms from $20 to $22 while keeping an Overweight rating on the Nasdaq-listed stock. Riot Platforms $RIOT price target raised to $22 from $20 at JPMorgan JPMorgan raised the firm's price target on Riot Platforms to $22 from $20 and keeps an Overweight rating on the shares. The company is "building momentum" with…

Mining

Bitcoin’s $60K floor? Nansen CEO says BTC won’t revisit those levels, but not everyone agrees

Bitcoin may have already seen its lowest price for this cycle, according to Nansen CEO Alex Svanevik, who told Cointelegraph that he personally does not expect $BTC to fall below $60,000 again. His view is based on Bitcoin’s growing role as a hedge against expanded central bank money issuance, a trend he believes is unlikely to reverse anytime soon. Why Svanevik sees $60K as the new floor Svanevik’s confidence stems from the broader macroeconomic environment. With global central banks continuing to expand their balance sheets, he argues that Bitcoin’s appeal as a store of value strengthens, providing long-term price support.…

Bitcoin

Quantum computing nears commercial breakthrough, IBM CEO says

Unlike AI, which has driven a surge in demand for graphics processors to train and run large language models, quantum computing targets a different class of challenges. Researchers say the technology could accelerate molecular simulations, optimize complex logistics networks, advance materials science and improve cryptography. Krishna said IBM has already demonstrated some of that potential, using quantum computers to uncover properties of materials that conventional computers had been unable to model. Those insights could eventually contribute to longer-lasting batteries, new materials, fusion energy research and drug discovery. Growing confidence around commercialization has been matched by rising investment. In May, IBM…

Regulation