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.

15 Altcoins See Explosive Trading Volume on South Korean Cryptocurrency Exchanges

ExchangesAug 10

South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, have recorded remarkable trading volumes in some altcoins over the past 24 hours. Investor interest, particularly concentrated in South Korean won (KRW) trading pairs, has led to some lower market cap altcoins achieving volumes approaching, and in some cases surpassing, those of major cryptocurrencies like Bitcoin and Ethereum. When the data from the two exchanges are considered together, the highest trading volume was seen on Momentum ($MMT). $MMT reached approximately $39.7 million on Upbit and $6 million on Bithumb, generating a total trading volume of approximately $45.7 million. $XRP was also among…

Are Bitcoin bears not done yet? Analysts warn of a potential $53K BTC flush

BitcoinAug 10

There is increasing consensus that Bitcoin’s performance pattern, linked to halving events, may be fully intact. Analyst Benjamin Cowen is the latest to reinforce the four-year $BTC cycle, noting that, The four-year cycle for Bitcoin is not broken. In fact, $BTC’s average drawdown in midterm years is nearly identical to what it is now. According to him, the asset’s current performance also mirrored past U.S midterm elections. For perspective, the U.S spot $BTC ETFs debut in 2024 was widely viewed as a key update that would break the 4-year cycle. But key metrics now point towards Cowen’s stance. Will Bitcoin…

Crypto’s Role in Expanding Financial Access Deserves More Recognition

RegulationAug 10

Coinbase CEO Brian Armstrong has pushed back against the notion that the cryptocurrency industry’s contributions to global financial inclusion are being overlooked. In a recent post on X, Armstrong argued that digital assets have played a pivotal role in bringing financial services to underserved populations, a point he says is often missing from mainstream discussions. Stablecoins and Dollar Access Armstrong highlighted the impact of stablecoins, noting that they have effectively brought the U.S. dollar on-chain. This allows anyone, regardless of location, to hold a currency with lower inflation potential and transfer funds at any time for a fraction of a…

Whale Alert Reports 8 Million $FRAX Tokens Burned

AltcoinsAug 10

Whale Alert announced the burning of 8 million $FRAX tokens, an action that equates to approximately 7,890,704 USD. This significant reduction in supply could have various implications for the $FRAX ecosystem and its stakeholders. You can view the official announcement here. What Went Down Traders scanning the order books got a surprise when Whale Alert reported the burning of 8 million $FRAX tokens. This event is particularly noteworthy as it directly reduces the circulating supply of the token. Such a move can lead to increased scarcity and potentially influence demand dynamics. The broader crypto market is currently exhibiting mixed signals,…

India’s Crypto Market Growth Creates New Questions for Investors

LegalAug 10

India’s cryptocurrency market is set to nearly quadruple in size over the next eight years, from an estimated $3.61 billion in 2026 to $14.21 billion by 2034, according to IMARC Group. That works out to a compound annual growth rate of roughly 18.7%. On paper, that’s an impressive trajectory. But the number itself tells only a fraction of the story. The more interesting question is what’s actually fueling this growth, who is driving it, and whether India’s regulatory and tax framework is built to handle a market four times its current size. Who’s Behind the Growth India already leads the…

Crypto holders face an Aug 27 deadline to save 21 tokens before Kraken liquidates them into thin order books

ExchangesAug 10

Kraken clients holding any of 21 delisted tokens face a 14:00 UTC deadline on Aug. 27, when the exchange's general withdrawal window closes; remaining balances will then move toward automatic liquidation. The exchange plans to liquidate remaining balances between Sept. 1 and Sept. 5 based on prevailing market conditions, according to its delisting notice. For balances left on the exchange, that removes holders' control over when the assets are sold. The liquidation could also leave some with little or nothing because Kraken warned that several affected tokens have limited or inactive markets. What holders of delisted tokens need to know…

Bitcoin Market Faces A Potential Profitability Reset As More Coins Slip Out Of Profit

BitcoinAug 10

The Bitcoin market continues to take a hit, and investors both big and small are heavily feeling the ongoing market pressure, which has caused its price to drop to $61,000. The amount of $BTC in profit territory is steadily dropping following the recent decline in price, putting the market in a more bearish condition. Supply In Profit Contracts Amid Waning Bitcoin Price Action With a substantial fall in the percentage of circulating supply held in profit, Bitcoin is nearing a turning point. After the sharp decline, crypto analysts suggest that the market is drawing closer to what they describe as…

XRP ETF Gains Investment From Kansas-Based Wealth Manager

AltcoinsAug 10

Kansas-based wealth manager Leisure Capital Management has revealed a position in Franklin Templeton’s $XRP ETF during the second quarter of the year. According to a newly filed regulatory form with the U.S. Securities and Exchange Commission, Leisure Capital Management held 16,745 shares of the Franklin $XRP Trust ETF (XRPZ). They were valued at roughly $206,000 as of June 30. The investment is not significant, but it shows that $XRP is gaining more and more acceptance. The Overland Park, Kansas-based wealth management firm manages investment portfolios for individuals and institutions and holds traditional equities, bonds and ETFs. Image via https://depositphotos.com/photos/kansas.html Its…

Trump scrutiny, not CLARITY Act, to become priority if Democrats reclaim House majority

LegalAug 10

If a Democratic House majority wins in November’s midterms, it is expected that subpoenaing President Donald Trump’s finances and crypto dealings will take first priority. Meanwhile, the crypto industry’s market-structure bill, the CLARITY Act, could remain on hold for much longer than stakeholders would want. What would a Democratic House majority mean for Trump? Representative Jamie Raskin of Maryland, the ranking Democrat on the House Judiciary Committee, is expected to take the gavel if Democrats win the November midterms. He regards the corruption around the presidency “a civic emergency” and said a Democratic majority would let his party “call hearings,…

Visa Dominates Crypto Card Payments, Processing Nearly All Tracked Volume

ExchangesAug 10

Visa continues to dominate the tracked crypto card payments market, processing approximately 99% of monthly payment volume routed through major card networks, according to data shared by a16z Crypto on X. The figures, sourced from Paymentscan.xyz, highlight Visa’s overwhelming lead over Mastercard in the niche but growing segment of crypto-funded card transactions. Market Share Dynamics: Visa vs. Mastercard Paymentscan.xyz data indicates that Mastercard’s share of crypto card payment volume briefly climbed to around 5% earlier this year, but retreated to roughly 1% by late July. This fluctuation suggests that while competition exists, Visa’s infrastructure and partnerships have solidified its position…