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.

Whale or Institution? $88.2M in HYPE Staked Across Eight Wallets

AltcoinsAug 11

Onchain analytics firm Onchain Lens has identified a cluster of eight cryptocurrency addresses that collectively staked 1.49 million $HYPE tokens, valued at approximately $88.2 million. The addresses, believed to be controlled by a single entity—either an individual whale or an institution—withdrew the tokens from the exchange Bybit before initiating the staking operation. Pattern Suggests Coordinated Strategy The movement was first flagged on social media platform X by Onchain Lens, which noted that all eight addresses exhibited identical behavior: each withdrew $HYPE from Bybit before staking. This pattern strongly suggests a coordinated strategy rather than independent actions by separate holders. Interestingly,…

OKX's Rafique doubts Clarity Act will pass, warns optimism is already priced into bitcoin

LegalAug 11

While acknowledging bipartisan support exists for the legislation, Rafique said party politics are likely to outweigh the industry's push for regulatory clarity. He dismissed Democratic concerns over ethics provisions as inconsistent, arguing lawmakers should instead adopt broader restrictions on public officials participating in financial markets. Despite his skepticism, Rafique described the Clarity Act as critical to the future of the U.S. digital asset industry. He said clear federal rules would help retain entrepreneurs, investment and intellectual property that are increasingly being built overseas. "Without clarity, entrepreneurs will continue to stay offshore," Rafique said, pointing to companies such as Hyperliquid and…

PancakeSwap Adds 10 Tokenized Stocks to BNB Chain, Expanding Real-World Asset Push

ExchangesAug 11

PancakeSwap incorporates ten bStocks into $BNB Chain, integrating assets from companies such as Netflix and ASML Holding. 1:1 backed tokenized stocks function as BEP-20 tokens with 24/7 trading on the network. The protocol seeks to expand access to real-world assets (RWA) through decentralized operational solutions. The decentralized exchange PancakeSwap announced that it will add ten new tokenized stocks to its platform on $BNB Chain. The integration of these products, named PancakeSwap bStocks, enables continuous access to traditional financial assets within the decentralized finance (DeFi) ecosystem. PancakeSwap is bringing traditional markets onchain, one asset at a time. 10 new bStocks just…

Michael Saylor Identifies the Next Billion-Dollar Finance Opportunity

RegulationAug 11

Saylor Points Investors Toward a Billion-Dollar Finance Opportunity Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor shared his view on the next billion-dollar business in finance in an Aug. 7 post on X, pointing entrepreneurs toward digital credit as the financial category he would study. Saylor wrote on X: “If I were looking for the next billion-dollar business in finance, I would study Digital Credit.” The chart he included with his post showed the effective yields across four securities in Strategy’s digital credit lineup as of 11:10 a.m. EDT. Stride Preferred Stock (STRD) led at 15.29%, followed by Stretch Preferred…

Reform UK chair calls for probe into SBF-linked donation: Report

LegalAug 11

The chairman of the UK’s Reform party has called for an investigation following reports of a $50,000 political donation linked to former FTX CEO Sam “SBF” Bankman-Fried. According to a Friday report from the Telegraph, Reform UK chair Lee Anderson called for the parliamentary commissioner for standards to probe Defense Secretary Wes Streeting over reported $50,000 in donations from a think tank in 2022 and 2023. The reported donations came from Labour for the Long Term, whose founder reportedly accepted a $675,000 gift from Bankman-Fried before sending funds to Streeting. Notably, Reform leader Nigel Farage is set to face voters…

Coinbase is pulling Loopring trading today, and finding a safe place to sell LRC tokens is getting complicated

ExchangesAug 11

Coinbase is scheduled to suspend LRC-USD trading on or around 2 p.m. ET on Aug. 7. If completed, the move would close a Coinbase-hosted dollar market while keeping customer balances accessible and withdrawals available. Coinbase’s notice said the change covers Coinbase.com Simple and Advanced Trade, Coinbase Exchange and Coinbase Prime. As of 10:47 a.m. ET, Coinbase still marked the incident as Monitoring and kept LRC-USD in limit-only mode. The exchange had not yet confirmed that the LRC-USD trading suspension was complete. Outside LRC-USD trading is thinner and concentrated Loopring’s own exchange is not an alternative. Its official homepage says the…

Keel Infra Exits U.S. Bitcoin Mining, Pivots to AI and HPC Data Centers

MiningAug 11

Keel Infra, a Nasdaq-listed Bitcoin miner, has announced the complete cessation of its Bitcoin mining operations in the United States, marking a strategic shift toward artificial intelligence and high-performance computing (HPC) data centers. The company will repurpose its existing mining facilities to support these new ventures. Strategic Pivot and Financial Impact The transition comes amid a challenging period for the company. Keel Infra reported second-quarter revenue of $30.4 million, a 50% decline from the same period last year. The company also posted a quarterly net loss of approximately $65 million. From April 1 to August 7, Keel Infra sold 1,085…

Shibarium Activity Jump 78%, but SHIB Price Remains Under Pressure

AltcoinsAug 11

Activity on Shibarium, Shiba Inu’s official Layer-2 blockchain, surged sharply over the past day, but $SHIB’s price has yet to respond. According to the latest data from Shibariumscan, Shibarium processed 1,180 daily transactions yesterday. This marks a notable recovery from 661 transactions recorded on July 21, the second-lowest daily transaction count for July. As a result, daily transactions climbed 78.51% within just a few days, signaling renewed activity on the network after a period of sluggish usage. Although the latest transaction count remains far below the millions of daily transactions Shibarium recorded during its peak periods, many market observers view…

Senators Cynthia Lummis and Angela Alsobrooks Say Bipartisan Work on Clarity Act Continues Despite Delays

LegalAug 11

The Clarity Act may be delayed — for now — but pro-crypto senators remain committed to the fight. And not just Republicans: Democratic Senator Angela Alsobrooks accompanied conservative “Bitcoin Senator” Cynthia Lummis in assuring voters that work was being done on the bill. Lawmakers were hoping a crucial vote on the long-awaited crypto market structure bill was to go ahead before a five-week recess but news dropped Friday that it was too little, too late. Now, the Senate will vote on the bill in September. JUST IN: Senator Lummis releases statement now Clarity Act vote is delayed: "There will be…

OCEAN Pledges BTC Refunds After Chain-Split Error

MiningAug 11

Reimbursing Affected Miners Bitcoin mining pool OCEAN said it will reimburse miners after a configuration issue caused some operators to unknowingly mine on the BIP-110 chain despite selecting the non-BIP-110 option. The clarification follows a wave of community scrutiny, including allegations that default pool settings steered unassigned DATUM hashpower toward the stalled minority chain. OCEAN confirmed that for roughly 18 hours, miners using its Stratum templates who believed their hashrate was directed to the non-BIP-110 chain were actually contributing to the BIP-110 side of the split. To ensure no miner is disadvantaged, OCEAN said it will issue direct bitcoin rebate…