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.

Perp DEX Dango to Wind Down, Will Halt Trading July 29

ExchangesAug 6

Dango, a perpetuals exchange built on its own Layer-1 blockchain, said it will shut down, halting trading on July 29 and switching off its chain on Aug. 13. "Despite our best effort, various reasons have led us to conclude there is no viable path to a lasting commercial success," the team posted on X on July 24. "Funds are safe." Wind-Down Timeline Withdrawal limits will be lifted shortly, and the team urged users to close positions and withdraw, warning that thin liquidity could mean heavy slippage. On July 29 at 12 pm UTC, trading halts: remaining positions will be closed…

Can BTC Extend Its Rally After Reclaiming $66K?

BitcoinAug 6

Bitcoin has staged a notable recovery over the past few days after a sharp correction drove the asset toward a major demand zone around $60K. The rebound appears to have been fueled in part by improving macro sentiment following the preliminary peace agreement between the U.S. and Iran, which significantly reduced geopolitical uncertainty and boosted risk appetite across global markets. The easing of tensions triggered a broad rally in risk assets while supporting Bitcoin’s recovery from recent lows. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, $BTC remains within a broader corrective structure despite the recent bounce from…

U.S. Spot Ethereum ETFs See $11.9M Net Outflow as BlackRock Staking Fund Bucks Trend

EthereumAug 6

U.S. spot Ethereum exchange-traded funds (ETFs) recorded a net outflow of approximately $11.9 million on Aug. 3, reversing two consecutive days of inflows, according to data from Farside Investors. The reversal was driven by notable withdrawals from several major funds, though one newly launched staking product attracted fresh capital. Daily Flow Breakdown Data compiled by Farside Investors shows that BlackRock’s Ethereum ETF (ETHA) led the outflows with a net redemption of $9 million. Grayscale’s ETHE followed with a $7.8 million outflow, while Bitwise’s ETHW saw $2.5 million leave the fund. Fidelity’s FETH also experienced a smaller outflow of $900,000. In…

Stablecoins are moving more money while crypto’s cash pile gets smaller

RegulationAug 6

Adjusted stablecoin transaction volume reached a record $1.79 trillion in June, according to Visa Onchain Analytics, up 63% from May's $1.10 trillion and 125% higher than a year earlier. Across the same four weeks, the total pool of stablecoins in circulation shrank by $7.7 billion, the largest monthly dollar decline since the TerraUSD collapse in May 2022. The market has been treating that record volume as confirmation that money is pouring into crypto, but a closer look at the data tells us that it's a much, much more complicated market than that. While usage reached an all-time high, the cash…

INJ Price Stays Quiet as Injective Pushes Major Interoperability Upgrade

AltcoinsAug 6

The $INJ price has spent much of 2026 trapped between the $3 and $5 range, leading some to assume ecosystem development has slowed and it is the cause of muted price action. The governance record tells a different story. Injective has activated its IIP-677 interoperability mainnet upgrade (v1.20.3) while another core proposal, IIP-678, is already moving through the voting process. The latest upgrade follows earlier architectural expansions, including the Vulcan (IIP-650) upgrade and MultiVM rollouts, signaling that protocol development continues despite muted price action. Interoperability Upgrade Moves Network Forward The approved IIP-677 proposal passed with 72% “Yes” votes after a…

XRP Reserves on South Korean Exchanges Have Dropped Sharply—What Does This Mean?

ExchangesAug 6

Cryptocurrency analytics company CryptoQuant has reported a notable divergence in $XRP reserves across major exchanges. According to the data, Upbit’s $XRP reserves have fallen to their lowest level since May, while Binance’s reserves remain approximately 200 million $XRP below the peak recorded in March. The amount of $XRP held on Upbit has fallen to approximately 6.43 billion $XRP, reaching its lowest level since May. The exchange’s reserves peaked at approximately 6.515 billion $XRP on May 30th. Accordingly, Upbit’s $XRP balance has decreased by approximately 85 million $XRP, or 1.3 percent, since that peak. Upbit’s $XRP reserves remain at a high…

Bullish Analyst il Capo Sets the Next Target

BitcoinAug 6

Bitcoin continued its rise, reaching $67,000, as the ceasefire agreement between the US and Iran supported a recovery in risky assets. However, disagreements persist regarding the short-term direction of the market. Renowned crypto analyst il Capo of Crypto stated that Bitcoin has regained the $65,000 level, and the next critical zone is the $69,000-$70,000 range. The analyst commented, “$65,000 has been reclaimed. The next key level to regain is $69,000-$70,000.” According to market data, Bitcoin continued its upward trend on Monday with the opening of US stock markets, gaining approximately 1.5 percent on a daily basis. Progress in the US-Iran…

Ethereum Network Is Getting Busier, But Why Isn’t ETH Price Moving?

EthereumAug 6

Ethereum network is growing stronger even though interest from U.S. investors is still low, according to two new CryptoQuant reports. The reports show that Ethereum use and staking are increasing, but weaker institutional demand and lower exchange activity may slow $ETH’s price growth in the short term. At the time of the analysis, $ETH was trading near $1,900. It stayed within its recent price range, despite major changes happening in the network behind the scenes. Coinbase Premium Shows Weak U.S. Demand CryptoQuant analyst Arab Chain said Ethereum’s Coinbase Premium Index is still negative at -0.0833, meaning $ETH is cheaper on…

Strategy Launches Bitcoin Bank Adoption Index With 32% Overall Score

RegulationAug 6

What’s Behind the 32% Adoption Score Strategy Inc. (Nasdaq: MSTR) introduced a new index measuring bitcoin adoption across major banks on X on July 13. The accompanying graphic, titled the “ Bitcoin Banking Adoption Index,” placed overall adoption at 32%. CEO Phong Le said adoption of bitcoin and the wider digital-asset ecosystem is gaining speed among large banks and financial institutions, although the sector remains at an early stage. The Bitcoin Banking Adoption Index evaluates institutions across trading, custody, products, margin activity, and leadership. Categories include bitcoin and bitcoin exchange-traded fund (ETF) trading, stablecoins, tokenization, yield products, underwriting, and corporate…

XRP is running a $2.4B debt trap that could wipe out spot buyers the second the Fed speaks

AltcoinsAug 6

$XRP trades near $1.06, down 2.9% over 24 hours and 8.6% over the past week, as CoinGlass shows $2.43 billion in $XRP open interest, $2.47 billion in 24-hour futures volume, and just $361 million in spot volume. Futures turnover is running roughly 6.85 times spot turnover, and forced liquidations have already erased $9.51 million in $XRP positions over the past day. $XRP sits just above its intraday low near $1.05, only around 5% to 6% above the $1 level markets treat as a psychological floor. A derivatives-heavy market can move fast when forced position-cutting outruns what a thin spot market…