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.

Will XRP Price Follow Market Expectations?

AltcoinsAug 9

Flare Networks co-founder and CEO Hugo Philion has announced the start of a six-month phase of large-scale integration that is expected to radically transform the $XRP-based decentralized finance ecosystem, known as XRPFi. The first technological updates will begin rolling out within the next two weeks, turning Flare into a fully programmable layer for the historically isolated $XRP Ledger (XRPL). Because XRPL was originally designed exclusively for fast payments and does not support smart contracts, billions of dollars worth of $XRP have remained in wallets for years without any practical utility. Flare is attempting to solve this problem through its FAssets…

Michael Saylor says SpaceX IPO pushes Bitcoin into 25% of Mag 8

BitcoinAug 9

Michael Saylor said SpaceX’s IPO marks a milestone for corporate Bitcoin adoption, arguing that 25% of the so-called Mag 8 now hold $BTC on their balance sheets. In a June 13 X post, the Strategy chairman congratulated Elon Musk and SpaceX following the company’s highly anticipated stock market debut. Saylor used the occasion to highlight Bitcoin’s growing presence among major technology firms, arguing that SpaceX’s listing has made Bitcoin part of the balance sheet strategy of 25% of the so-called Mag 8 companies. “Congratulations Elon Musk and SPCX on a historic IPO. Thanks to you, 25% of the Mag8 now…

List of the Most-Searched Altcoins in Recent Hours Released—Shiba Inu Tops the List for the First Time in a Long Time

AltcoinsAug 9

CoinGecko, a cryptocurrency data and tracking platform, has announced the most searched cryptocurrencies on its platform in the last 3 hours. Shiba Inu ($SHIB) topped the list, followed by Pudgy Penguins ($PENGU) in second place and Euler (EUL) in third. According to CoinGecko data, Shiba Inu’s price has risen by 36.5% in the last 24 hours, while Pudgy Penguins gained 7.6% and Euler 66.7%. In terms of weekly performance, Euler’s 163% and Pons’ 193.6% increases were particularly noteworthy. Related News 30-Year Expert: “Capital Flowing into Artificial Intelligence Will Shift to Bitcoin” The most searched cryptocurrencies on the platform and their…

Bitdeer Mined 270.5 BTC This Week and Sold Its Entire Holdings

MiningAug 9

Nasdaq-listed Bitcoin miner Bitdeer (BTDR) announced on its official X account that it mined 270.5 $BTC this week and sold the entire amount. The move is consistent with the company’s “zero $BTC treasury” strategy, which it has maintained since February, when it reduced its Bitcoin holdings to zero. Zero Treasury Strategy Explained Bitdeer’s decision to sell all newly mined Bitcoin immediately is part of a deliberate treasury management approach. As of Feb. 20, the company eliminated its Bitcoin holdings and has since converted every $BTC mined into cash. This strategy contrasts with other miners that accumulate Bitcoin as a reserve…

Bitcoin to $43,000? Key BTC Indicator Reveals Most Important Support Right Now

BitcoinAug 9

Bitcoin recovered some ground following an earlier drop in the week. Earlier, the largest crypto had traded at a high of $73,978 on the first day of June and fell to a low of $59,073 on June 5 as selling intensified. Bitcoin returned above $60,000 this week and trades at $63,790 at press time. Bitcoin's rebound this week from below $60,000 has reignited a familiar Wall Street ritual: trying to call the bottom. Analysts point to a growing list of signals that have accompanied past market lows. At the same time, some argue the coin's drop coincided with a broader…

Community Sets Record Straight on XRP Escrow

AltcoinsAug 9

As discussions about $XRP escrow balance reemerge on social media, $XRP community members have shared what they call a current snapshot of Ripple's publicly verifiable $XRP escrow holdings. The update comes amid fresh conversations over Ripple's escrow holdings, with many social media posts citing outdated or conflicting figures. X user "Saul" observed a lot of discussions about escrowed $XRP; however, he noted that the numbers are all over the place. He went ahead and shared a current snapshot of the escrow holdings at 32.4 billion $XRP. Hussein Zangana, the director of community at the $XRP Ledger Foundation, who goes by…

BitFuFu Mined 112 BTC in July, But Bitcoin Reserves Continue to Shrink

MiningAug 9

Nasdaq-listed cloud mining platform BitFuFu (FUFU) reported that it mined 112 Bitcoin ($BTC) during July, reflecting steady operational output amid a fluctuating market. However, the company’s total Bitcoin holdings declined for a second consecutive month, falling to 1,314 $BTC as of July 31, down 357 $BTC from the end of May. Understanding BitFuFu’s Production and Holdings The July mining figure aligns with BitFuFu’s recent production capacity, though the company has not released a detailed breakdown of its mining fleet or operational efficiency in the latest update. The reduction in holdings, from 1,671 $BTC at the end of May to 1,314…

Bitcoin sales are necessary for Strategy's digital credit business, Saylor says

BitcoinAug 9

Michael Saylor, executive chairman of Strategy, defended the company's recent Bitcoin sale, saying the ability to sell the asset is necessary to continue issuing "digital credit." Strategy disclosed its first reported Bitcoin sale since 2022 in a June 1 filing with the US Securities and Exchange Commission, offloading 32 $BTC in a move that appeared at odds with Saylor's long-running "never sell your Bitcoin" mantra. In an interview with Cointelegraph at the $BTC Prague conference, Saylor said that Bitcoin treasury companies must retain the ability to sell holdings when necessary to support dividend-paying securities and other Bitcoin-backed credit products. “If…

XRP Ledger’s Big Upgrade Just Cleared Its Final Vote, Here’s What’s Coming

AltcoinsAug 9

$XRP has already dipped as low as $1.01 during the ongoing bear market pullback, reviving talk that the token could briefly slip below a dollar before this cycle’s downturn runs its course. A Familiar Pattern From the Last Cycle One analyst pointed to $XRP’s 2022 bear market as a reference point. $XRP bottomed near $0.28 in June 2022, then retested that same support level roughly half a dozen times through January 2023, including a final touch at $0.32 before the market turned. The current setup, the analyst argues, looks similar, just at a higher price range this cycle. Exchanges Keep…

Are 24/7 CME Bitcoin futures a volatility cure — or a new leverage trap?

BitcoinAug 8

Wall Street got to trade Bitcoin around the clock just in time to watch the market fall apart. CME Group launched 24/7 trading for its crypto futures and options on May 29, and over the first weekend, more than 7,200 contracts changed hands, worth roughly $50 million in notional value. Within days, Bitcoin had slid below $70,000 for the first time in two months, and the market had to absorb one of its sharpest deleveraging waves of the year, with almost $10 billion in long-futures liquidations over a single week. Could CME's always-on market become the volatility equalizer Bitcoin has…