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.

Kenya Cuts Stablecoin Capital Rule 40% to $2.32M as Global Issuers Weigh Entry

LegalAug 5

Broad Oversight for Central Bank Kenya has reduced the minimum paid-up capital required for stablecoin issuers by 40% to about $2.32 million (300 million Kenyan shillings). The revised threshold, published by the National Treasury, marks a significant shift from the nearly $3.9 million proposed in draft rules last March. However, the Kenyan government retained strict oversight measures aimed at protecting investors as cryptocurrency adoption accelerates in the East African nation. Kenya ranked fifth globally in crypto adoption in Bybit’s 2025 World Crypto Ranking, with stablecoins driving cross-border payments and serving as a hedge against currency volatility in a market that…

Hyperliquid traders run CXMT trading to peak volume levels on IPO day

ExchangesAug 5

ChangXin Memory Technologies (CXMT) had its long-anticipated IPO on Monday, July 27. The sale coincided with a spike of activity on Hyperliquid, as CXMT drew the attention of whales and retail traders. The CXMT IPO was expected to become the biggest offering on the Shanghai stock exchange since 2011. As Cryptopolitan reported, the China AI stock rush was seen as a new opportunity, and was immediately taken over by crypto traders. CXMT saw a record trading spike, as well as an inflow of crypto whales taking directional positions for one of the biggest IPOs in Mainland China. | Source: HIP-3…

Musk Now Bigger Than Bitcoin

BitcoinAug 5

Elon Musk's net worth, which has been fueled by a massive surge in the valuation of SpaceX (SPCX), has reached an unprecedented $1.4 trillion. Following a single-day jump of $101.7 billion (7.91%), his individual net worth is above the entire market capitalization of Bitcoin. Bitcoin's total market value is currently sitting at $1.318 trillion, CoinGecko data shows. Years ago, when Bitcoin was still a relatively small and emerging asset, its market cap was easily dwarfed by the fortunes of top billionaires. Today, however, Bitcoin is a trillion-dollar global network, which makes this wealth flip a historic and extreme anomaly. The…

South Korea police raid former mayor’s home in crypto disclosure investigation

LegalAug 5

South Korean police have searched the home of former Incheon Mayor Yoo Jeong-bok and city offices as part of an investigation into allegations that cryptocurrency assets were omitted from his local election financial disclosure. According to South Korea’s Yonhap News Agency, investigators from the Incheon Metropolitan Police Agency’s Anti-Corruption and Economic Crime Investigation Unit carried out search and seizure operations on Sunday at Yoo’s residence and the General Affairs Division of Incheon City Hall, where they collected evidence including mobile phones and computers as part of an investigation into alleged violations of the Public Official Election Act. The investigation centers…

Bitnomial to Launch TRX Futures Trading for U.S. Investors Following Kraken Acquisition

ExchangesAug 5

Chicago-based derivatives exchange and clearinghouse Bitnomial has announced plans to offer Tron ($TRX) futures trading to eligible individual and institutional investors in the United States. The move follows Bitnomial’s acquisition by Payward, the parent company of Kraken, one of the largest cryptocurrency exchanges globally. Expanding Regulated Crypto Derivatives Bitnomial’s decision to list $TRX futures marks a notable expansion of regulated crypto derivatives in the U.S. market. The exchange, which is registered with the Commodity Futures Trading Commission (CFTC) as a designated contract market and derivatives clearing organization, provides a federally regulated venue for digital asset derivatives trading. This regulatory framework…

Stack's Bowers Auctions Funded 0.5 Bitcoin Casascius Token From America's 237th Birthday

BitcoinAug 5

What’s Being Sold According to the Stack’s Bowers Galleries announcement shared with Bitcoin.com News, the token is graded MS-66 by the Professional Coin Grading Service (PCGS). Only 15 examples exist at that grade. Just 11 coins have been graded finer, all at MS-67. The token remains funded, meaning the 0.5 $BTC loaded onto the blockchain at creation is still intact and redeemable. The coin was produced by Mike Caldwell, a Utah-based software engineer who began minting the Casascius series in 2011. Each physical coin holds a private key beneath a tamper-evident hologram, with real bitcoin loaded onchain at the time…

Sui Announces SUI Buyback Program Using Stablecoin Management Returns

AltcoinsAug 5

The Sui Foundation has announced that it is repurchasing $SUI tokens using returns generated from funds that manage stablecoins. The move, disclosed in a recent update, is part of a broader strategy to support the ecosystem and create a self-sustaining economic loop. How the Buyback Works According to the foundation, the buyback program uses operating returns from its stablecoin management funds. These funds generate yield through various activities, and a portion of that yield is now being used to purchase $SUI from the open market. The acquired tokens are then reinvested into ecosystem initiatives, such as grants, developer programs, and…

Top 10 Criticisms Against the CLARITY Act as Opposition Intensifies

LegalAug 5

As the U.S. Senate advances the Digital Asset Market CLARITY Act, the legislation is facing mounting criticism from ethics watchdogs, former regulators, banking analysts, and consumer advocates. Critics argue the bill contains regulatory loopholes, weak conflict of interest safeguards, and inadequate investor protections despite. Top 10 Criticisms of the CLARITY Act 1. Weak Conflict of Interest Safeguards Democracy Defenders Action and Transparency International U.S. criticize the CLARITY Act for protecting existing crypto holdings, allowing family loopholes, lacking divestment rules, limiting disclosures, and providing weak enforcement. 2. Stablecoin yield loopholes Analyst Kian Sarreshteh warns the CLARITY Act could leave a stablecoin…

Magic Labs Sells Wallet Business to Kraken Parent Payward

ExchangesAug 5

Magic Labs, the company behind the embedded wallet infrastructure used by apps including Polymarket and WalletConnect, sold its wallet business to Payward, the parent company of Kraken, and is rebranding itself as Newton Labs. Co-founder and CEO Sean Li announced the two decisions Monday in a post on X. "First, we've sold our wallet business to Payward, Inc., the parent company of Kraken. This is an asset sale," Li wrote. The two companies remain separate and independent, and from August 1, 2026, wallet customers will be serviced by Payward. Li said customers need to take no action and that affected…

Targeting 22-32% Returns by Blending Cash-Flowing Properties and BTC Holdings

BitcoinAug 5

Real estate investor Grant Cardone is positioning his Cardone Capital to challenge the traditional real estate investment trust (REIT) sector by integrating Bitcoin directly into large-scale multifamily deals. With roughly $5 billion in real estate assets under management across about 15,000 units, Cardone claims the hybrid approach can deliver superior returns while onboarding new investors to Bitcoin. In a recent interview at Consensus 2026, Cardone laid out his strategy for disrupting the multi-trillion dollar Realestate Investment Trust sector, also known as REITs, companies that own, operate, or finance income-producing real estate. Established under U.S. law in 1960, they must distribute…