Author: NBTC

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.

BlackRock buys up this crypto amid its Bitcoin sell-off

RegulationAug 12

As BlackRock Inc. (NYSE: BLK) cryptocurrency portfolio increased by over $3.7 billion since early July to date, on-chain data suggests its investors could potentially be rotating capital from Bitcoin ($BTC) to its altcoin fund. BlackRock’s iShares Bitcoin Trust ETF (IBIT) has recorded a holding-decline of 3,710 $BTC, down from 743,190 Bitcoin on July 1, 2026, to about 749,480 coins on August 6, according to data from Arkham Intelligence. On the other hand, BlackRock’s iShares Ethereum Trust ETF (ETHA) has registered an increase of 196,340 Ethereum ($ETH) during the same period. BlackRock crypto portfolio. Source: Arkham Intelligence As such, BlackRock’s ETHA…

Ripple Veteran David Schwartz Reveals Only Reason He'd Ever Unretire

AltcoinsAug 12

Former Ripple CTO David Schwartz has named the only reason he would be willing to come out of retirement. The chief architect of the $XRP Ledger (XRPL), who retired on Jan. 1, 2026, wrote directly that his comeback would depend not on money or the scale of the task, but on one specific person — Nik Bougalis. A bridge to the past: Who is Nik Bougalis? For the Ripple ecosystem, Bougalis is a cult figure whose history is directly intertwined with the company's earliest steps. As only the eighth employee on staff, he spent nearly a decade leading the key…

SBF gave $610K to founder of left-wing UK think tank

LegalAug 12

Labour Defence Secretary Wes Streeting reportedly received £37,000 ($50,000) from a Labour-supporting think tank whose founder was gifted $610,000 by notorious crypto fraudster Sam Bankman-Fried. The Telegraph reports that David Lawrence, founder of the Labour for the Long Term (LLT) think tank, was gifted the sum by Bankman-Fried in June 2022. This gift was made one month before his think tank donated £30,000 ($40,300) to Streeting, who used the funds to pay for policy advisor Dr. Thomas Gardiner. A year later, LLT would donate another £7,000 ($9,400) to Streeting. Lawrence reportedly created his think tank’s website on June 20 and…

Uphold Bridges the Gap Between Holding XRP and Everyday Spending Without Selling

ExchangesAug 12

Uphold Launches $XRP-Backed Visa Card That Turns Crypto Into Everyday Spending Power Uphold is giving $XRP holders a new way to unlock the value of their holdings without selling a single token. Through its newly launched Exa Credit Card, users can now borrow against their $XRP, turning their crypto into spending power while keeping ownership of their assets. Introduced by Uphold U.S. President Nancy Beaton, the Exa Credit Card is powered by Exactly Protocol, a decentralized finance (DeFi) lending platform. Eligible users in select U.S. states can use their $XRP as collateral to access a line of credit, then spend…

Should Bitcoin Companies Build USD Reserves? Understanding The Truth

BitcoinAug 12

Strategy’s U.S. dollar reserve has reached $4.65 billion, up from $3.75 billion two weeks earlier. It has also sold almost 7,000 $BTC since late June 2026. Many are wondering why a company built around accumulating Bitcoin would choose to hold billions of dollars in fiat. More importantly, should other Bitcoin businesses do the same? Strategy holds cash because it’s in a very unique position Strategy increasingly operates as an issuer of Digital Credit: preferred securities backed economically by an enormous Bitcoin balance sheet. These instruments create fixed dollar dividends obligations. Bitcoin produces no cash flow. Strategy’s software business produces far…

Spritehood NFTs raise $1.28M on Robinhood Chain

NFTAug 12

Spritehood has sold 42,956 paid NFTs on Robinhood Chain in about 53 minutes, generating nearly $1.28 million for Pudgy Penguins co-founder Cole Villemain. Spritehood $NFT sale reached $1.28 million The Defiant reported that Villemain launched Spritehood on Aug. 11 after previously being removed from the founding team of Pudgy Penguins, with the paid portion of the sale selling out in less than one hour. On-chain analyst 0xlaplaced calculated that the mint generated about $1.2829 million, or approximately 684.28 $ETH, based on the price of Ether during the sale. The final total came in well above an earlier estimate of roughly…

Is ETH Quietly Setting Up the Biggest Move of the Year?

EthereumAug 12

The Ethereum price prediction is turning into an $ETH/$BTC story as much as a price story. The ratio just touched 0.0296, its best 30-day run in months, closing in on a level $ETH hasn’t held since last year, while spot $ETH ETFs quietly logged a fifth straight week of inflows. $ETH itself is stuck at $1,923.55, pressing the same descending trendline that’s rejected price twice this month, with $2,042 on the table if it finally breaks and $1,837 the fallback if it doesn’t. $ETH Price Analysis: Pressing the Descending Trendline as SAR Flips the Key Test $ETH Price Action (Source:…

Whales Accumulate 30 Million ADA as Cardano Flips Stellar to Reclaim Top 15 Position

AltcoinsAug 12

Large Cardano investors significantly increased their holdings over the past week, signaling growing confidence in $ADA’s near-term outlook. According to on-chain data from Santiment, Cardano wallets controlled by large holders accumulated more than 30 million $ADA over the past seven days. The data also shows that whale holdings steadily climbed to 5.69 billion $ADA, suggesting consistent accumulation rather than isolated purchases. Whale accumulation often draws market attention because these investors have the financial resources to influence price trends. Although sustained buying does not guarantee an immediate price rally, it generally reflects growing confidence among major market participants and is often…

US Senate will vote on CLARITY crypto bill ‘without any question’ this week: Tim Scott

LegalAug 12

Senator Tim Scott, who chairs the Senate Banking Committee, said that the chamber would vote on the Digital Asset Market Clarity (CLARITY) Act before it broke for an August recess, giving lawmakers just a few days to take action on the crypto bill. In a Thursday Fox Business interview, Scott said that the Senate “should have the first vote” on the CLARITY Act before lawmakers leave for state work periods this week. He added that Senate Majority Leader John Thune, who has the authority to set the agenda and schedule floor votes, still had time to announce a cloture vote…

Bitcoin to Go Infinite Against US Dollar

BitcoinAug 12

Billionaire venture capitalist Tim Draper has once again delivered an extremely bullish prediction for Bitcoin. He has argued that the cryptocurrency could eventually go "infinite" against the U.S. dollar due to accelerating adoption. Draper made the prediction on X after commenting on the growing adoption of Bitcoin payments. "First they’ll say, 'We accept Bitcoin.' Then they’ll say, "We only accept Bitcoin,'" he wrote. He then predicted that a run on banks would follow, eventually leading to a fundamental transformation of the financial system. The venture capitalist concluded that Bitcoin could "go infinite against the US dollar." In the meantime, Bitcoin…