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.

Bitcoin Rainbow Chart predicts BTC price for July 1, 2026

BitcoinAug 8

The Bitcoin Rainbow Chart prediction suggests the cryptocurrency could trade between $99,143 and $1.16 million by July 1, 2026, depending on which valuation band Bitcoin ($BTC) occupies within the model. With Bitcoin trading at round $64,500 on June 14, the long-term valuation model places $BTC below even the lowest projected Rainbow Chart level for July 2026. Rather than forecasting an exact price target, the chart uses a logarithmic growth curve to determine whether Bitcoin is historically undervalued, fairly valued, or overvalued. According to the model, the lowest ‘Fire Sale!’ band sits at $99,143 and represents extreme undervaluation. The ‘BUY!’ band…

Whale Address Accumulates $71.1M in Ethereum via Galaxy Digital OTC Desk

EthereumAug 8

An anonymous cryptocurrency whale has accumulated 37,000 Ethereum ($ETH) worth approximately $71.1 million over the past two weeks, according to blockchain tracking platform Onchain Lens. The funds were transferred from an over-the-counter (OTC) trading address associated with Galaxy Digital, a major digital asset financial services firm. The latest activity includes an additional 10,000 $ETH, valued at around $19.1 million, moved within the last three hours. Transaction Details and Whale Behavior Blockchain data shows the receiving wallet, which begins with the address 0x8c5, has been steadily accumulating $ETH in multiple tranches. The largest single transfer was part of the recent 10,000…

As BitMEX exits, analysts warn crypto consolidation is accelerating

ExchangesAug 8

The closure of crypto derivatives exchange BitMEX is prompting fresh questions about whether the industry is entering a new phase of consolidation, as analysts point to market-share concentration and rising regulatory costs squeezing smaller platforms. While BitMEX helped pioneer perpetual swaps that became a cornerstone of digital asset derivatives trading, its daily Bitcoin futures volume began declining around May 2021 and never recovered to its 2020 daily peak of between $1 billion and $5 billion, according to data from CryptoQuant. Restructuring adviser Roshan Dharia told Cointelegraph the exchange’s demise reflects structural pressures facing mid-sized centralized exchanges, where liquidity has increasingly…

Scaramucci and Novogratz Predict BTC to Reclaim $70K Soon

BitcoinAug 8

In the latest episode of All Things Markets, SkyBridge Capital founder Anthony Scaramucci and Galaxy Digital CEO Mike Novogratz predicted that the flagship cryptocurrency is poised to reclaim the $70,000 threshold by the end of July 2026. Both investors believe that macroeconomic pressures and upcoming regulatory milestones will be powerful catalysts for a price reversal. "Do you think Bitcoin can reclaim 70k by the end of July? I'll go first and say that it will," Scaramucci stated. "I just think because it's burnt out and the sentiment is so negative that any incremental buying will lift it through 70." Mike…

Ethereum Foundation Grant Address Transfers $1.08M in ETH to Gnosis Safe, Deposits $5K to Kraken

EthereumAug 8

An address associated with an Ethereum Foundation grant has moved a notable sum of ether, according to blockchain tracking service Lookonchain. The wallet transferred 578.38 $ETH, valued at approximately $1.08 million, to a Gnosis Safe multi-signature wallet and separately deposited 2.675 $ETH, worth about $5,070, to the cryptocurrency exchange Kraken. The transactions were recorded roughly 12 hours ago, as reported by Lookonchain’s monitoring data. Transaction Details and Context Blockchain data shows the grant address’s recent activity involves two distinct operations. The larger transfer to a Gnosis Safe wallet is a common practice for institutional or project funds, as Gnosis Safe…

Dollar stablecoins could improve FX access but amplify currency runs: IMF paper

RegulationAug 8

Dollar stablecoins could improve access to foreign currency in economies with fixed or heavily managed exchange rates, but may also amplify currency runs when pressure on the domestic currency becomes severe, according to a new paper published by the International Monetary Fund (IMF). The findings come from a working paper by economist Brandon Joel Tan. Titled “Stablecoins and Fragility in Fixed Exchange Rate Regimes,” the paper modeled how stablecoins affect parallel foreign-exchange (FX) markets when official dollar access is rationed. The findings highlight that stablecoins can help people get access to dollars when banks or official exchange channels cannot meet…

Week in Review – July 20 – July 26

AltcoinsAug 8

General Updates COZ distributed 498 $NEO across six developer tooling contributions in round 2.9 of Proof of Working 2.0, the grassroots rewards program recognizing open-source ecosystem work outside traditional grant pathways. The round brings cumulative distributions to 5,577 $NEO across nine rounds since the program’s January relaunch. All six contributors recognized in round 2.9 have received awards in previous rounds, reflecting sustained engagement from the program’s developer community. The awarded projects span governance visibility, vesting usability, wallet integration, deployment workflows, local development environments, and real-time contract event monitoring. COZ CEO Tyler Adams and R3E Network founder Jimmy Liao visited Neo…

India orders takedown of Jack Dorsey’s bitcoin-linked messaging app Bitchat

LegalAug 8

India's top cybercrime watchdog has ordered GitHub to take down Bitchat, the offline messaging app built by Block chief executive and bitcoin advocate Jack Dorsey, as anti-government protesters in Delhi adopt mesh-networking tools to communicate through repeated internet shutdowns. the government of india does not like technologies like bitchat and wants it taken down pic.twitter.com/gjzMg1NGCi — jack (@jack) July 24, 2026 The Indian Cyber Crime Coordination Centre, part of the Home Ministry, issued the order late Thursday under Section 79(3)(b) of the IT Act, naming three GitHub repositories tied to Bitchat and giving the platform three hours to disable access.…

Pendle Announces New AI Trading Agent — Enhancing Market Strategy

ExchangesAug 8

Pendle has launched an innovative AI trading agent named ProjectVEXai, designed to continuously scan markets and execute user-defined strategies. This tool aims to enhance trading efficiency, ensuring that users never miss profitable opportunities, as detailed in their recent announcement on Twitter. Breaking It Down Market Overview The crypto market is currently exhibiting mixed signals, with many assets experiencing varying levels of momentum. Within this context, Pendle’s introduction of ProjectVEXai stands out as a significant development. The AI agent operates around the clock, allowing traders to optimize their strategies without the need to remain constantly engaged. This could be particularly beneficial…

Bitcoin Miner MARA Posts $611M Loss as Revenue Falls 27%

MiningAug 8

MARA Holdings, the largest publicly traded Bitcoin miner, reported a net loss of over $611 million for the second quarter of 2026, as revenue fell 27%, the company said in a shareholder letter released August 6. The quarter shows a widening gap between MARA’s growing computing capacity and the falling value of the Bitcoin on its balance sheet, with holdings down nearly a third even as the company mined more units than a year ago. Bitcoin Price Decline Hits MARA’s Quarterly Results According to MARA, revenue in Q2 2026 fell 27% year over year to $174.9 million from $238.5 million.…