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.

U.S. regulator warns prediction markets against cutting corners in event contracts

LegalAug 6

The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction markets firms run by companies such as Kalshi, Coinbase, Polymarket and Crypto.com, issued an advisory on Friday reminding the businesses that they shouldn't cut corners with far-ranging contract certifications meant to encompass a wide array of events. The agency said that "broad, template-style certifications should not be submitted," marking the second time in recent months that the regulator has had to warn about overly generalized submissions. Many of the "designated contract markets" regulated by the CFTC "continue to self-certify event contracts" (in other…

Democratizing weather derivatives through tokenization could be crypto's most important real-world use case

ExchangesAug 6

Now, after spending a decade in crypto, I believe the most important real-world use case of tokenization, blockchain and smart contracts could be tokenizing weather derivatives and not merely creating a digital warehouse of traditional yield-generating assets such as bonds. Let me explain why. Weather derivatives are financial instruments that pay out when specific climate conditions cross predetermined thresholds. For example, a utility company might buy a contract that pays if winter temperatures stay unusually warm, cutting heating demand and revenue. An airline might hedge against the cost of flight cancellations caused by storms. A farmer in India might protect…

Bitcoin Price Claws Back From the Brink as Iran Deal, Saylor, and Armstrong Signal a Turning Tide

BitcoinAug 6

Bitcoin price entered the weekend somewhat battered and bruised, fresh off a gut-punch to $59,000 on June 5 — its weakest footing since October 2024 — and with no shortage of skeptics ready to call the bull market dead. But by Monday morning, the picture looked different. The world’s largest cryptocurrency clawed its way to $66,800 on the day, printing a 7-day low of $60,909 before staging a textbook recovery that carried it through $66,000 and toward the 7-day high of $66,888. The chart told the story of a market caught between fear and conviction: a sharp slide toward $61,000…

NFT startup founder charged with misusing funds from $10 million fundraising

NFTAug 6

Federal prosecutors in Manhattan charged the founder of non-fungible token ($NFT) startup Few and Far with securities fraud and wire fraud. The prosecutors alleged that Taj Tarsha diverted more than $10 million raised from investors into online gambling, cryptocurrency speculation and personal expenses instead of building the company's marketplace. The 34-year-old raised the funds from at least 67 investors beginning in February 2022 through Simple Agreements for Future Tokens (SAFTs), the U.S. Attorney's Office for the Southern District of New York said in a statement. SAFTs give a project’s financial backers the right to receive tokens once they are available.…

Why Ethereum’s Scaling Isn’t Boosting Token Value

EthereumAug 6

According to CryptoRank’s market cap fluctuation data, Ethereum Layer 2 tokens experienced widespread double-digit declines over the past month. MEGA leads the downturn at -34.8%, followed by ZK at -27.3%, STRK at -22%, and OP at -19.5%. Those are just the tokens that dropped the most. Nearly all major Ethereum L2 governance tokens took a hit over the last month, even though the overall scaling ecosystem kept growing. Normally, investors expect that more users translate to more activity, and more activity would push token prices up. Transaction counts are up, new apps keep launching, TVL is holding steady, and institutions…

Trump is channeling his crypto earnings into traditional financial markets instead of Bitcoin

RegulationAug 6

Trump brought in more than $1.4 billion from crypto ventures linked to his family during 2025, but his latest wealth report shows a far bigger sum parked in stocks and bonds. While Trump, Donald Trump Jr., and Eric Trump promoted digital asset projects to investors, many retail buyers later took painful losses. Meanwhile, the president’s money managers placed a large part of his growing fortune in markets that are usually less volatile than crypto. The report filed with the U.S. Office of Government Ethics lists income from World Liberty Financial and the Trump meme coin. It also puts Trump’s stock…

Cardano's Biggest Turning Point? Shelley Turns 6 Today

AltcoinsAug 6

The Cardano community is marking 6 years since the historic Shelley upgrade that brought staking to the network. Shelley is the successor to the Byron era, in which the Cardano mainnet was launched in September 2017 along with the $ADA cryptocurrency. The Shelley era comprised the critical initial steps in Cardano's journey to optimize decentralization. The Cardano community X account shared this milestone in a recent post, highlighting key statistics that define the network and the features introduced by the Shelley upgrade. "Byron hard forked into Shelley. Stake pools, decentralised block production and staking rewards became a thing. The chain…

CFTC prediction markets regulation tested: second warning, courts loom

LegalAug 6

The U.S. Commodity Futures Trading Commission is drawing a clear line in the sand for prediction market firms: cut corners on event contract certifications, and face the consequences. The agency issued a formal advisory warning that CFTC prediction markets regulation is not a process to be rushed — and this is already the second time in recent months it has had to say so. Key takeaways The CFTC issued an advisory warning prediction market firms against submitting overly broad, template-style event contract certifications — the second such warning in recent months. Designated contract markets that self-certify contracts without detailed terms,…

Russia’s largest bank Sberbank plans crypto trading infrastructure by December

ExchangesAug 6

Russia’s largest bank, Sberbank, plans to build cryptocurrency trading infrastructure and launch a digital depository by Dec. 1 as Russia moves to bring crypto trading, custody and settlement into its regulated financial system. The depository, according to Interfax, will record clients’ ownership of cryptocurrency and process most transactions outside the underlying blockchain. Sberbank will operate active wallets for client-initiated deposits, withdrawals and transfers. The plan follows the Federation Council’s approval of a law regulating cryptocurrency trading through licensed brokers, exchanges, asset managers and depositories. The framework is set to take effect Sept. 1, though rules requiring transactions to pass through…

Ether whales are pulling ETH off exchanges, Here’s why

EthereumAug 6

Ethereum’s $ETH token is shifting its usage, moving from exchange-based speculation to on-chain activity. Whale accumulation and global demand expand, while exchange reserves are still contracting. Ethereum is showing a shift in demand for $ETH, from US-based trading and speculation to growing global demand and on-chain usage. The signal of decreased US demand is the Coinbase premium index, which has been mostly negative throughout 2026. $ETH open interest is also almost flat at $11.37B, showing weaker demand for speculative trading. The Coinbase premium for $ETH remained negative for most of 2026, showing weakened US demand and rising global accumulation from…