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.

CLARITY Act delay gives Asian financial hubs an opening: First Digital CEO

LegalAug 11

The US Senate’s delay of a vote on crypto market structure legislation could give Hong Kong and Singapore more time to strengthen their positions as digital asset hubs, according to First Digital founder and CEO Vincent Chok. On Friday, Thune’s office confirmed to Cointelegraph that the Senate would not vote on the legislation before the August recess. Thune cited Democratic opposition and said the bill would be a priority when senators return in September. Chok, whose company issues the FDUSD stablecoin, said the delay could give jurisdictions with clearer regulatory frameworks an advantage in attracting capital and talent as US…

What It Signals for the Meme Coin

ExchangesAug 11

South Korean cryptocurrency exchange Bithumb has officially removed Bonk ($BONK) from its delisting watchlist, according to a recent announcement. The decision reverses a previous cautionary status and reflects a more favorable assessment of the meme coin’s compliance and trading stability. Background and Context Bithumb, one of South Korea’s largest digital asset platforms, periodically reviews listed tokens to ensure they meet its standards for investor protection and market integrity. Tokens placed on the delisting watchlist are typically given a grace period to address concerns such as low trading volume, technical issues, or regulatory compliance gaps. $BONK, a Solana-based meme coin, had…

Bitcoin's Falling Demand Suggests Bottom Is Still Ahead

BitcoinAug 11

Over the past weeks, Bitcoin has declined significantly in price, putting the market in fear as many retail and institutional traders begin to take extreme caution. While Bitcoin's downtrend had persisted, the asset saw a major decline during the last week when it plunged to an extreme low of $59,000. Bitcoin drops within 9% of realized price This price movement flashed a potential bottom signal where traders showed optimism for a new market phase. However, recent on-chain data from Cryptoquant suggests that Bitcoin's bottom may be farther than expected. While the prolonged price downturn has seen Bitcoin trade within just…

Decentralization was the beginning. Call it onchain finance

DeFiAug 11

The following is a guest post and opinion piece by Andre Cronje, Founder and CEO of Flying Tulip. Decentralization was the starting point for DeFi. But it is no longer the complete operating model for most protocols, and our language should evolve with the industry. This is not an argument against decentralization. It is an argument for being precise about where it exists, where operational responsibility remains, and what trust assumptions follow. I say that as someone who spent years building toward the opposite ideal. Yearn Finance launched with no team allocation, no foundation and no pre-mine. Everything went to…

The controversial return of Pudgy Penguins founder ColeThereum

NFTAug 11

Cole Villemain (aka “ColeThereum”), the Pudgy Penguins co-founder who left the project after allegations of misusing its treasury, is selling NFTs again. On Sunday, the controversial founder previewed his new collection launching on Robinhood Chain to over half a million views. That attention was split among those celebrating Cole’s return and an equally-sized population who remembers the disappointing crypto projects from his past. Villemain faced allegations of treasury misuse at Pudgy Penguins, and he had plenty of earlier controversies. In August 2021, for example, blockchain sleuth ZachXBT profiled one of his pre-crypto ventures, a dropshipping site called eBoy Outlet. That…

Ethereum Active Addresses Surge to Highest Level Since March

EthereumAug 11

Ethereum’s network activity has climbed to its highest point in months, with daily active addresses reaching 989,500 over the past 24 hours, according to data from Santiment. This marks the strongest daily engagement since March, signaling a renewed uptick in user interaction with the world’s second-largest blockchain by market capitalization. What the Data Shows Santiment, a leading on-chain analytics platform, tracks the number of unique addresses that successfully participated in a transaction on a given day. The recent spike to nearly 990,000 active addresses indicates a broad increase in on-chain activity, which can be driven by various factors including decentralized…

CoinDesk owner Bullish volume fell 43%, but a 72% spread jump nearly offset the annual decline

RegulationAug 11

CoinDesk's subsidiary and affiliate Bullish reported a 42.9% year-over-year drop in July trading volume even as its company-defined average trading spread widened 72.4%. The two figures produced a derived volume-times-spread proxy that remained slightly below its level a year earlier, so the wider spread did not fully counter the loss of activity on that calculation. The exchange operator reported a total trading volume of $30.7 billion in unaudited monthly metrics released Aug. 6, down 39.7% month over month. Average trading spread rose to 2.62 basis points from 2.56 basis points in June and 1.52 basis points a year earlier. Multiplying…

Ripple launches institutional RLUSD minting platform with API access

AltcoinsAug 11

Ripple has launched Ripple Mint, a platform that allows institutional customers to mint, redeem, bridge, and manage Ripple USD through a web interface or direct software integration. The platform adds APIs and webhook notifications, allowing exchanges, market makers, fintechs, and other institutions to automate $RLUSD operations through their internal systems. Customers can initiate redemptions for fiat settlement, move $RLUSD across supported blockchains, access account balances, track transaction status, and receive real time updates covering fiat deposits, mint processing, onchain settlement, and payouts. Consistent reference identifiers connect each stage of a transaction, giving institutions visibility across fiat and blockchain activity while…

Cardano Founder Says Elizabeth Warren Wants to Ban All Cryptocurrencies

LegalAug 11

Cardano founder Charles Hoskinson has criticized U.S. Senator Elizabeth Warren following her latest comments opposing the current version of the CLARITY Act. Hoskinson’s remarks come as the debate over the CLARITY Act continues to intensify, with lawmakers remaining divided over the best framework for overseeing digital assets. Warren Backs Crypto Regulation but Rejects the CLARITY Act During a recent interview, Warren reiterated that she supports regulating the cryptocurrency industry but argued that the CLARITY Act, in its current form, falls short. According to her, the legislation was designed to benefit the crypto industry rather than protect consumers. She contended that…

Pump.fun Moves $6.3M in SOL to Kraken, Signaling Fee Monetization Strategy

ExchangesAug 11

Pump.fun, the Solana-based memecoin launchpad, has transferred approximately $6.3 million in Solana ($SOL) to the cryptocurrency exchange Kraken. The move, detected by on-chain analysts, is part of the platform’s broader strategy to monetize the fees generated from its token creation services. Details of the Transfer Blockchain data shows that the transfer occurred in a series of transactions from a wallet associated with Pump.fun. The funds, totaling around 26,000 $SOL at current market prices, were sent to a Kraken deposit address. This marks one of the largest single moves of $SOL by the platform to an exchange in recent weeks. Pump.fun…