Author: NBTC

A wallet linked to the Kingdom of Bhutan has moved approximately 434.86 Bitcoin, valued at around $27.96 million, to the cryptocurrency exchange Binance. The transactions occurred over a five-hour period, marking the first activity from this address in over a month. On-Chain Data Points to Government-Linked Wallet Blockchain analytics platform Arkham identified the Binance deposit address as likely owned by Bhutan’s royal government. The address has previously transacted with other wallets associated with the Bhutanese government, according to Arkham’s labeling system. This is not the first time Bhutan has been linked to significant Bitcoin movements; the country has been known…

The Fed, as expected, kept its policy interest rate unchanged at 3.50-3.75 percent. Thus, the Fed did not change interest rates for the fifth consecutive meeting. The Federal Open Market Committee (FOMC) decision was made with a 9-3 vote. Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan voted in favor of raising the policy rate by 25 basis points. The fact that three regional Fed presidents voted against a rate hike at the same meeting was the first time this had happened since 2016. The decision signaled that members within the Fed…

For five consecutive days, a launchpad that did not exist a month ago collected more protocol fees than Pump.fun. On its best day, NOXA took in $2.33 million while the Solana incumbent, the platform that has minted eleven million tokens and defined an entire market cycle, managed $575,500. NOXA had launched more than 60,000 tokens, captured roughly 75% of all deployments on Robinhood Chain, and pulled 267,642 unique wallets onto a network that went live on July 1. Its flagship asset, a cat themed memecoin named $CASHCAT, had run to a market capitalization of $226 million.Then the website went down.…

Galaxy Research has lowered its estimate for the likelihood of the CLARITY Act, which aims to regulate the structure of the cryptocurrency market in the US, becoming law by 2026 to 10 percent. The assessment published by Galaxy Research states that expectations had previously risen that the bill, which is progressing with bipartisan support in the Senate Banking Committee, could pass the Senate before the August recess, but political disagreements and industry lobbying have slowed the process. According to the research firm, one of the biggest obstacles to the bill was the lack of consensus on ethical guidelines for public…

Kalshi, a platform known for its prediction markets, is seeking regulatory approval to launch perpetual futures tied to U.S. stock indexes, according to a CNBC report. The company filed documents with the U.S. Commodity Futures Trading Commission (CFTC) on Aug. 18, requesting permission to offer these products to traders. What Are Perpetual Futures? Unlike standard futures contracts, perpetual futures have no expiration date. This allows traders to maintain positions indefinitely, betting on price movements without ever taking delivery of the underlying asset. Instead, the contracts use funding fees to keep the market price aligned with the underlying index. Kalshi’s proposed…

HIVE Digital Technologies booked an $84.7 million non-cash Swedish tax provision tied to contested VAT exposure after adverse court rulings led it to change its accounting assessment. Despite receiving 1,004 $BTC during the quarter, the provision helped drive a $142.9 million GAAP net loss. The current-liability label does not establish that an immediate cash payment is due, and HIVE’s filings do not disclose a payment timetable. The Swedish tax provision exceeded HIVE’s $79.1 million quarterly revenue and equaled about 40.7% of its $208 million cash balance. At Bitcoin’s intraday high of $65,058.61 on Aug. 18, the amount was equivalent to…

Bitcoin is approaching a rare test this weekend, with a small group of nodes is preparing to reject blocks produced by almost all of the network’s miners. The Bitcoin Improvement Proposal (BIP)-110, a controversial proposal to temporarily restrict how much non-payment data can be stored on the Bitcoin blockchain, approaches its long-planned mandatory signalling period, expected to be sometime on Aug. 9. The actual activation, if it takes place, would follow at block 965,664, estimated around four weeks later. Its ordinary 55% approval threshold is already out of reach. Nodes are computers running Bitcoin software that independently check transactions and…

Following the Federal Reserve’s decision to keep interest rates unchanged, Chairman Kevin Warsh is speaking live on air and answering questions from the press. Below you will find the most important details from Warsh’s statements: The discussion took place in a friendly atmosphere. The economy has shown impressive resilience. The committee refrains from making predictions. The committee is committed to ensuring price stability. There is no flexible inflation target. Our sole target is an inflation rate of 2%. High inflation over the past five years has created a remarkable and difficult-to-resolve situation; the Fed’s implicit target appears to be above…

Pump.fun has completed its first major team and investor token distribution after a one-year lockup ended. On-chain tracking showed 57.279 billion $PUMP tokens, valued at about $86.49 million at the time of the transfers, moving to 121 wallets on July 15. Wu Blockchain reported that the transfers marked the start of a three-year vesting period for team and investor allocations. The event makes a large amount of previously locked $PUMP transferable, although wallet distributions alone do not show whether recipients intend to sell. Source: EmberCN Pump.fun distributes 57.279 billion $PUMP On-chain analyst Yu Jin tracked two large sources behind the…

The stakes extend beyond this Congress. If the legislation collapses and lawmakers have to start over next year, Democrats are likely to have a more prominent role in writing the next version of the bill. There are three Democratic women who could gain greater influence over the next round of crypto legislation. All have generally approached digital assets with considerable skepticism. Meanwhile, the regulatory train trundles on, leaving U.S. crypto policy moving on two tracks. While Congress is still trying to write the broad market structure, the Securities and Exchange Commission (and its sister agency, the Commodity Futures Trading Commission)…