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.

COZ distributes 498 NEO across six projects in Proof of Working 2.9

AltcoinsAug 12

COZ distributed 498 $NEO across six developer tooling contributions in round 2.9 of Proof of Working 2.0, the grassroots rewards program recognizing open-source ecosystem work outside traditional grant pathways. The round brings cumulative distributions to 5,577 $NEO across nine rounds since the program’s January relaunch. All six contributors recognized in round 2.9 have received awards in previous rounds, reflecting sustained engagement from the program’s developer community. The awarded projects span governance visibility, vesting usability, wallet integration, deployment workflows, local development environments, and real-time contract event monitoring. Governance visibility, vesting tools Fireche received recognition for two projects. Gasetta is an AI-assisted…

US appellate court mandate affirms Sam Bankman-Fried conviction

LegalAug 12

The US Court of Appeals for the Second Circuit issued a formal mandate upholding the conviction and sentence of former FTX CEO Sam “SBF” Bankman-Fried, reducing the number of potential opportunities for being released from prison early. On Tuesday, the Second Circuit filed a mandate following its June 12 ruling affirming a lower court decision convicting the former CEO on seven felony counts and sentencing him to 25 years in federal prison. Three circuit judges disputed Bankman-Fried’s claims in appeals that FTX had “sufficient liquidity to ensure that investors were made whole and would not experience any losses” and also…

Upbit lists Block Street (BSB) across KRW, BTC, USDT

ExchangesAug 12

Upbit will add Block Street ($BSB) to its Korean won, Bitcoin and $USDT markets on Aug. 7, giving the token three new spot pairs in South Korea. According to Upbit’s official listing notice, the exchange scheduled trading for 3:00 p.m. Korea Standard Time and said deposits and withdrawals would initially be supported only through Ethereum. 신규 디지털 자산 블록스트리트($BSB) 거래지원 안내 ✅ 지원 마켓: KRW, $BTC, $USDT 마켓 📅 거래지원 개시 시점 : 2026-08-07 15:00 KST 예정 🔗공지 바로가기:https://t.co/4dv2uwnLvw#Upbit #$BSB@BlockSt_HQ pic.twitter.com/WdsEE0qJ4J — Upbit Korea (@Official_Upbit) August 7, 2026 Upbit also warned that the trading start could be delayed if adequate…

Hyperscale Data Holds 961.2678 BTC, No Trades Last Week

BitcoinAug 12

U.S.-listed Bitcoin treasury company Hyperscale Data (GPUS) reported that it held 961.2678 $BTC as of Aug. 9, valued at approximately $62.3 million at that time. The company confirmed it made no purchases or sales of Bitcoin between Aug. 3 and Aug. 9, marking a week of no trading activity. Background on Hyperscale Data’s Bitcoin Strategy Hyperscale Data, formerly known as a data center and GPU infrastructure firm, has pivoted to a Bitcoin treasury model, following a growing trend among public companies to hold Bitcoin as a reserve asset. The company’s holdings of nearly 1,000 $BTC place it among the smaller…

Ethereum Active Addresses Rocket to 989.5K, Highest Since March, as ETF Inflows and Robinhood Chain Activity Ignite Wallet Usage

EthereumAug 12

Ethereumu2019s price has barely budged from $1,870, but underneath that surface calm, wallet-level activity has exploded. Onchain data from the Santiment update on August 10 showed 989,500 daily active addresses moving on Ethereum u2014 the highest single-day tally since March. The sudden spike contrasts sharply with the lack of immediate price momentum, suggesting that capital is being redeployed across the network rather than fleeing it. The climb in user activity isnu2019t happening in a vacuum. Spot $ETH ETF demand has been slowly rebuilding after weeks of tepid flows, and Robinhood Chainu2019s Ethereum-settled operations have added a new high-velocity use case.…

CFTC chief backs innovation in $1.2 quadrillion derivatives market

RegulationAug 12

CFTC Chairman Michael Selig said regulators must give financial innovation room to lead as the global derivatives market enters a new phase of development. Selig rejects restrictive derivatives rules Writing in The Economist, Selig argued that regulators should avoid importing or copying rules that could limit competition and prevent new financial products from reaching the market. “The new era of finance needs innovation, not consensus,” Selig said. Derivatives, including futures, options and swaps, allow companies, farmers, investors and financial institutions to manage risk and allocate capital. Selig placed the global notional value of those contracts above $1.2 quadrillion, with markets…

Token Terminal Reveals USDY Fund Surpasses $1B in Market Cap

AltcoinsAug 12

Token Terminal recently revealed that Ondo’s $USDY tokenized U.S. Treasury fund has surpassed $1 billion in market capitalization over the past 90 days. This remarkable growth reflects rising interest in tokenized real-world assets, particularly in the wake of increasing institutional participation in the sector. For further details, see the official tweet from Token Terminal. What Went Down While most altcoins traded sideways recently, $USDY broke ranks with a significant milestone. The tokenized U.S. Treasury fund, managed by Ondo, has grown its market cap by over $1 billion, highlighting a surge in institutional interest. This growth aligns with broader trends in…

Following primary loss, crypto PACs invest $1.5M in 3 US state races

LegalAug 12

Two groups affiliated with the cryptocurrency company-backed political action committee (PAC) Fairshake disclosed spending more than $1.5 million on media to support House of Representatives and Senate candidates in Florida, Alaska and Wyoming after suffering a primary loss in Michigan on Tuesday. According to Federal Election Commission (FEC) filings as of Thursday, Fairshake PAC affiliates Defend American Jobs and Protect Progress spent a combined $1.5 million on ads for Republican and Democratic candidates, many of whom voted in favor of the Digital Asset Market Clarity (CLARITY) Act while serving in Congress. In Alaska’s at-large congressional district, scheduled to hold a…

Five Altcoins Worth $10 Million Withdrawn from Binance to Amber Group-Linked Wallet! Here Are Those Altcoins

ExchangesAug 12

While the on-chain movements of large investors in the cryptocurrency market are closely monitored, a withdrawal of approximately $10 million from Binance by a wallet believed to be linked to Amber Group has attracted attention. According to on-chain data shared by AmberCN, the wallet withdrew five different crypto assets from Binance approximately six hours ago. The total value of assets withdrawn from the wallet was approximately $9.97 million. The largest portion of the transaction consisted of Ethereum ($ENA). The wallet withdrew 38.89 million $ENA, worth approximately $3.58 million. In second place was $AAVE, the native token of the decentralized finance…

The UK now ranks 3rd in global Bitcoin adoption, but court rules mean it can’t keep its 60,000 BTC as a reserve

BitcoinAug 12

The JAN3 Bitcoin index placed the United Kingdom third in its 2025 B20 after weighing policy advances and more than 60,000 $BTC in law-enforcement custody. UK records classify the coins as seized criminal property subject to court proceedings. A March 2026 Treasury answer said central government held no cryptoassets. JAN3 promoted the UK result this month alongside its full B20 ranking. The scorecard gave the UK 6.44 and a BB rating, behind the United States at 7.42 and Bhutan at 6.64. Its evidence window ran through to the end of 2025. The publisher's framework combines national Bitcoin holdings, state mining,…