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.

Cango, NYSE-Listed Bitcoin Miner, Announces 10-for-1 Reverse Stock Split

RegulationAug 8

Cango (CANG), a Bitcoin mining company listed on the New York Stock Exchange, has confirmed it will execute a 10-for-1 reverse stock split of its common shares, effective at 9:00 p.m. UTC on July 20. The move, approved by shareholders during a special meeting on June 24, is designed to consolidate the company’s share structure and potentially increase its stock price per share. Details of the Reverse Stock Split Under the terms of the split, every 10 Class A shares will be combined into one Class A share, and every 10 Class B shares will be combined into one Class…

Shiba Inu (SHIB) Deflation Spikes 5,223% in a Day, Hundreds of Millions of Tokens Gone Forever

AltcoinsAug 8

While the crypto market is discussing Shiba Inu's ($SHIB) sudden daily price surge of nearly 40%, another record has been set inside the ecosystem itself — an abnormal deflationary wave. Over the past 24 hours, the meme coin's burn rate posted a vertical spike of 5,223.98%, permanently destroying 401,219,021 tokens, according to SHIBBurn portal. Such aggressive pressure completely rewrote the weekly statistics, which had previously looked rather sleepy. Over the past seven days, the burn rate increased by 816.02%, removing 457,511,537 $SHIB from circulation. Decoding $SHIB's 5,223% overnight burn rate spike Comparing these figures reveals some amusing math, as almost…

Claude Fable 5 Puts 25% Odds on Bitcoin Reaching $95K by Year-End 2026

BitcoinAug 8

At the time of writing, bitcoin is trading at $63,440, reflecting a modest 2.9% gain over the past week. With BTC navigating a period of consolidation and Anthropic unveiling its new Mythos-based model Fable, we decided to consult Fable alongside several other leading artificial intelligence (AI) models to forecast bitcoin’s next potential price move. Key Takeaways: Five AI models placed bitcoin’s 2026 base case between $58,000 and $75,000 amid ongoing capitulation signals. Claude Fable 5 and ChatGPT 5.5 flagged a 13-day, ~$4B ETF outflow streak as the top near-term risk factor. Grok and Deepseek projected more aggressive recoveries above $100,000,…

ARK Invest sells Robinhood to double down on $37M Circle stock bet

RegulationAug 8

ARK Invest has been buying Circle Internet Group stock with unusual intensity — and on July 9, the firm added another 217,896 shares of Circle (CRCL) worth approximately $13.7 million, even as the stock slid further from its post-IPO highs. At the same time, ARK sold off 85,319 shares of Robinhood Markets (HOOD), generating around $9.8 million in proceeds. The contrast is deliberate: selling into strength, buying into weakness, all in a single session. Key takeaways ARK Invest bought 217,896 Circle shares for ~$13.7 million on July 9, while selling 85,319 Robinhood shares for ~$9.8 million. ARK has now deployed…

GMX DAO Purchases 22,480 Tokens for $130,000

AltcoinsAug 8

$GMX DAO has reacquired 22,480 tokens for roughly $130,000, averaging about $5.78 each between June 3 and June 9. This move, highlighted by CryptoTwitter commentator @$GMX_IO, demonstrates the DAO’s commitment to strengthening its token supply. As the crypto market remains volatile, such acquisitions may bolster trader confidence moving forward. What Happened The recent reacquisition by $GMX DAO comes amid a broader crypto market landscape exhibiting mixed signals. While total volume remains unspecified, this strategic buyback reflects a proactive approach to managing $GMX’s token supply. Notably, since early March, the DAO has purchased a total of 235,280 $GMX tokens for about…

Binance (BNB) Chain Announces New Blockchain Built for AI Agents, Here’s Where Memetoro $MT Fits In

BlockchainAug 8

Artificial intelligence is beginning to influence blockchain design in ways that extend far beyond chatbots or trading assistants. Networks are now being built specifically for autonomous software that can execute transactions, interact with smart contracts, and make decisions without constant human involvement. That shift became clearer with $BNB Chain’s latest roadmap. The network has unveiled plans for a new Layer-1 blockchain focused on AI agents and high-frequency trading. While the infrastructure is still under development, AI crypto projects like MemeToro ($MT) are already building applications around AI-driven blockchain activity, making the two developments part of the same broader industry trend.…

Bitcoin Is the Ultimate Store of Value, Not a Short-Term Bet

BitcoinAug 8

Julian Liniger, co-founder and CEO of the Bitcoin investment app Relai, has reaffirmed his conviction that Bitcoin represents the ultimate store of value, describing it as a savings technology designed for long-term wealth preservation rather than short-term speculation. In an interview with The Block, Liniger argued that while Bitcoin was built with a decades-long outlook in mind, most market participants continue to evaluate it through a quarterly lens, fixating on price volatility instead of its fundamental properties as a decentralized, scarce asset. Bitcoin as a Savings Technology Liniger emphasized that Bitcoin’s core value proposition lies in its role as a…

Cango Announces New Share Consolidation Structure to Counter Regulatory Challenges

RegulationAug 8

Global Bitcoin mining and energy infrastructure company, Cango Inc., has announced that, pursuant to the authorization granted by the Company’s shareholders at the extraordinary general meeting held on June 24, 2026, its board of directors has determined the effective date and share consolidation ratio for its previously approved share consolidation. This Friday’s announcement noted the company’s plan to effect the consolidation of authorized, issued, and outstanding Class A ordinary shares and Class B ordinary shares on a 10:1 ratio. This structure implies that every ten shares will be consolidated into one share of the same class. According to the announcement,…

Massive Token Unlocks in 13 Altcoins This Week! Here’s the Daily, Hourly List

AltcoinsAug 8

While Bitcoin has remained relatively flat in the cryptocurrency market over the past week, some altcoins have seen increased activity. Ethereum experienced a significant recovery of 2.72%, while volatility was particularly high among memecoins. Shiba Inu, a once popular memecoin, is poised to close the week almost 25% higher. On the other hand, the cryptocurrency market will see a significant number of token unlocks across numerous altcoins in the new week. Here is the weekly token unlock schedule we have prepared for you at Bitcoinsistemi.com. (All times are given in UTC+3 Turkish time) Grass (GRASS) Market Value: $215.48 million Amount…

What Machine-Speed Trading Means for Fair Launches

BlockchainAug 8

The race to build faster blockchains is no longer just about processing more transactions. It is increasingly about preparing networks for autonomous AI agents that can trade, launch assets, and execute financial decisions without waiting for human input. $BNB Chain’s newly announced AI-focused Layer-1 reflects that shift, introducing infrastructure designed specifically for machine-speed execution. MemeToro ($MT), which already centers its ecosystem around AI-powered memecoin launches, the announcement raises an important question: what happens when both the blockchain and the application are built for autonomous agents? $BNB Chain Is Designing Infrastructure for the Agent Economy $BNB Chain’s latest roadmap introduces a…