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.

$150 Million in Crypto Shorts Liquidated as Bitcoin Closes in on $66K

BitcoinAug 7

Roughly $150 million worth of short positions were wiped out across the crypto market after the U.S. and Iran agreed to a peace deal, as bitcoin seeks to claim the $66,000 threshold. Key Takeaways: About $150 million in crypto shorts were liquidated as bitcoin reclaimed $65,000 behind yesterday’s U.S.-Iran peace deal. Spot bitcoin ETFs logged $316 million in outflows over the week gone by, a fifth straight weekly drop. An official of the truce is set for Friday, a catalyst many analysts believe could decide whether the short squeeze holds. Short Squeeze Follows Geopolitical De-escalation About $150 million in short…

Aave and Uniswap push OKX's X Layer DeFi to record levels

DeFiAug 7

The Ethereum layer-2 network built by the OKX exchange, X Layer, has become the latest DeFi breakout star of the 2026 summer after the chain broke past the $100 million DeFi total value locked (TVL) and $2 billion stablecoin supply levels. The X Layer milestones came after the network integrated the Aave and Uniswap DeFi protocols, with one half of the duo among the major catalysts that powered Robinhood Chain’s hot debut after its July 1 launch. X Layer DEX volume, fees, and stablecoin market cap. Source: DeFiLlama. While Robinhood Chain has not yet integrated Aave, as Cryptopolitan reported around…

SBI reportedly plans 3% yield lending service for JPYSC stablecoin

RegulationAug 7

SBI is reportedly preparing to launch a lending product offering a 3% annual yield on its JPYSC stablecoin, adding a yield feature weeks after introducing Japan’s first trust bank-backed yen stablecoin. According to a Monday report by Nikkei, the Japanese financial group could introduce the service as early as this month through its crypto exchange, SBI VC Trade. The product is expected to lock users’ JPYSC holdings for three months while paying a fixed annual yield of 3%. The reported lending service follows the recent launch of JPYSC, a yen-backed stablecoin issued by SBI Shinsei Trust Bank under Japan’s trust…

Zcash seals $1.7 billion shielded pool as Ironwood upgrade activates

AltcoinsAug 7

But evidence points away from exploitation, a CoinDesk Research report found in July. If someone had minted counterfeit $ZEC, the obvious next step would be to move it out and sell it, which would show up as funds leaving the pool. However, Orchard's balance grew steadily through the four years the flaw was open, including through last year's price rally, when cashing out would have been most profitable. Developers patched the bug within days, but the patch could not account for the four years it was open. A zero-knowledge proof reveals nothing beyond the facts that it verified, so the…

China jails Sifang operators over $428M USDT gambling network

LegalAug 7

Chinese courts have sentenced five Sifang payment platform operators to between three and six years in prison over a gambling network that processed more than 2.95 billion yuan, or about $428 million, through $USDT, bank cards and third-party payment accounts. The Paper reported that the Intermediate People’s Court of Xilin Gol League in Inner Mongolia upheld Ma’s conviction for illegal business operations on June 26, leaving his four-and-a-half-year prison term and 3 million yuan fine in place. Ma’s case was the last judgment in a group of prosecutions linked to Sifang, a fourth-party payment operation that supplied payment channels to…

15 Altcoins Experiencing a Volume Boom in South Korea – Here’s the List

ExchangesAug 7

South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, have seen a notable increase in trading volume for some altcoins. Data from the past 24 hours shows a concentration of activity, particularly in Euler ($EUL), DeXe ($DEXE), and Shiba Inu ($SHIB). When data from the two exchanges were combined, $EUL topped the list with a total trading volume exceeding $83.1 million. $EUL generated $40.4 million in volume on Upbit and $42.7 million on Bithumb. In second place was DeXe, which reached a trading volume of $80.2 million on Bithumb alone. $DEXE, which has recently been in the spotlight due to its…

Bitdeer lands $4.7 billion AI lease tied to Anthropic but must deliver by year end

MiningAug 7

Bitdeer secured a $4.7 billion AI lease but must complete a $500 million build before the contract starts generating revenue. On Aug. 4, the Bitcoin miner announced that its Tydal Data Center subsidiary signed a 16-year agreement to provide Volta with 121 megawatts of computing capacity at its Norway campus. Volta will install Nvidia chips across four data halls, while Dell Technologies will provide the computing systems. Bitdeer described the end customer as a leading AI laboratory, although media reports have identified it as Anthropic. The agreement marks a major step in Bitdeer’s expansion beyond Bitcoin mining and into AI…

Bitcoin reclaims $65K as oil falls to a two-month low, more gains ahead or a dead cat bounce?

BitcoinAug 7

Bitcoin has reclaimed $65,000 after oil prices plunged to a two-month low following a reported US-Iran peace agreement that eased concerns over disruptions in the Strait of Hormuz. According to data from crypto.news, Bitcoin ($BTC) climbed to an intraday high of roughly $65,995 on June 15, extending its rebound from the June 6 low near $60,000. The move represents a gain of about 10%, though Bitcoin remains roughly 21% below the local peak near $82,800 reached in May before the early-June selloff. Bitcoin’s rebound today came as risk assets rallied across global markets after reports that Washington and Tehran had…

Flare Brings XRP-Backed RLUSD Loans to Ethereum, Letting Holders Unlock Liquidity Without Selling

DeFiAug 7

$XRP holders can now access Ripple USD ($RLUSD) liquidity on Ethereum without selling their $XRP. The option became available after Flare integrated FXRP as collateral in Sentora’s institutional $RLUSD vault on Morpho. The launch creates an isolated FXRP/$RLUSD lending market on Morpho Blue. Users can mint FXRP on Flare, bridge it to Ethereum, and borrow $RLUSD against their holdings in a permissionless and non-custodial way. FXRP Becomes First $XRP Collateral Asset in Institutional Ethereum Vault According to Flare, FXRP is the first $XRP representation approved as collateral in an institutionally curated lending vault on Ethereum mainnet. The integration gives $XRP…

Events that could move Bitcoin and crypto markets this week

RegulationAug 7

Bitcoin traded near $62,800 on Monday as investors prepared for a packed week of economic releases and geopolitical news. The largest cryptocurrency stayed above the $60,000 support area, even as Asian shares fell and oil prices rose. Bitcoin was down about 1.4% over 24 hours, while its seven-day change remained close to flat. That kept short-term momentum weak before the data releases. Ether held near $1,780, while the wider crypto market remained cautious. Four factors now stand out: the U.S.-Iran conflict, inflation data, consumer activity reports, and major corporate earnings. Renewed attacks between the United States and Iran pushed Brent…