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.

Why Is Momentum (MMT) Token Price Up By 77% Today?

AltcoinsAug 4

Momentum, a DeFi ecosystem built on the Sui blockchain, is seeing its native $MMT token outperform the broader crypto market, jumping more than 77% in the last 24 hours. The sharp rally pushed $MMT to around $0.35, lifting its seven-day gain above 90%. So, what is driving this sudden rally? $MMT Trading Volume Explodes on Binance The primary reason is a sudden surge in trading volume, which recorded $218.84 million, marking a 1,230.05% jump. Meanwhile, Momentum’s 24-hour futures volume has reached nearly $878 million, while spot volume stands at around $218.84 million. Binance, OKX and Bybit are recording strong $MMT/$USDT…

Bitcoin’s Next Phase Is Bigger Than Holding BTC: Saylor Outlines 5-Layer Stack

BitcoinAug 4

Saylor Details How Bitcoin-Backed Markets Could Move Beyond Treasury Holdings Michael Saylor, executive chairman of Strategy (Nasdaq: MSTR), says bitcoin’s next phase is not limited to companies adding $BTC to balance sheets. In a June 16 article on X, he described a five-layer market structure that starts with bitcoin and extends into credit, money, yield products, and equity. The framework positions $BTC as Digital Capital, the foundation of the stack. Above bitcoin sits Digital Credit, which converts volatility into income-producing investments. Digital Money builds on that credit layer by combining it with cash-equivalent reserves to create stable-value, yield-bearing products. Digital…

Ethereum’s Network Is Booming, So Why Is ETH Still Underperforming?

EthereumAug 4

On-chain data shows that the Ethereum blockchain has developed a lot in the past few years, currently processing more activity than ever before. At the same time, the underlying asset has failed to benefit, as it continues to struggle below $2,000. One analyst believes this disconnect has become one of the biggest debates surrounding the altcoin and the network behind it. Ethereum Activity Rockets Aside from the highly anticipated Merge upgrade deployed several years ago, the team behind Ethereum has completed several other, perhaps less hyped but similarly impactful updates over the years that have managed to scale the network.…

Galaxy expands institutional crypto lending with $500M Grove credit facility

RegulationAug 4

Galaxy Digital has secured a $500 million warehouse lending facility from Grove to expand its institutional crypto-backed lending business. This marks another step in the adoption of traditional credit structures within digital asset markets. Under the agreement, Grove will provide the capital that enables Galaxy to originate institutional loans secured by digital assets. Galaxy will then underwrite, service, and manage the lending portfolio. Grove to finance Galaxy’s institutional lending The facility applies a warehouse lending model commonly used in traditional finance to crypto-backed lending. Warehouse facilities provide lenders with lines of credit to finance loan origination before those assets are…

Curve Leads Governance Token Developer Activity as Defi Builds Through Summer

AltcoinsAug 4

Not all governance tokens are created equal—and this month’s developer activity rankings make that starkly clear. Curve Finance grabbed the top spot on both Ethereum and Arbitrum, showing a double-barreled commitment that few competitors matched. The fresh data came from the Santiment update, which tracks GitHub activity across the most prominent governance projects in crypto. Curve’s twin first-place finishes—marked with green up arrows—signal that work continues steadily across its multi-chain deployments. Meanwhile, Radworks slipped to third after holding a higher spot last month. API3 climbed into fourth, and Reserve Protocol dropped to fifth. Further down the list, Alchemix and Sperax…

Crypto Pioneers Sound Alarm Over Government Control of AI Knowledge

LegalAug 4

Crypto figures are warning that government control over what AI systems can know or discuss could create a dangerous precedent, after Erik Voorhees argued on X on July 28 that states should not decide what forms of intelligence are “safe.” The post landed in the middle of a fresh debate over how much oversight AI companies should accept, a debate that picked back up after Anthropic laid out its own position on open-weights models. Erik Voorhees Warns Against State Control of AI Knowledge Voorhees, a longtime Bitcoin advocate and founder of the ShapeShift crypto exchange, posted his comment after Anthropic…

Binance CEO Confirms Exchange Aided India’s Darknet Drug Trafficking Investigation

ExchangesAug 4

Binance CEO Richard Teng confirmed on social media that the cryptocurrency exchange actively supported Indian authorities in a darknet drug trafficking investigation. In a post on X, Teng stated that cryptocurrency is not a friend to criminals but often provides decisive clues to catch them. He revealed that Binance, together with the Digital Security and Crime Investigation (DSCI) unit, traced on-chain fund flows to assist India’s Narcotics Control Bureau (NCB) in dismantling a darknet drug network. Blockchain Forensics in Action The collaboration between Binance and Indian law enforcement highlights a growing trend where blockchain analytics are used to track illicit…

Michael Saylor Explains How BTC Could Transform Global Finance

BitcoinAug 4

Saylor Says Bitcoin’s ‘Killer Use Case’ Goes Beyond Payments Strategy (Nasdaq: MSTR) Executive Chairman Michael Saylor said bitcoin’s “killer use case” extends beyond payments, outlining a vision for $BTC’s role in global finance. In a June 16 article on X, Saylor argued that bitcoin’s largest opportunity lies in supporting financial markets rather than competing directly with existing payment systems. The Strategy executive chairman centered the argument on market participants with different objectives. Some investors want raw $BTC exposure, while others seek income, stability, collateral, leverage, payments, growth equity, treasury reserves, or dollar balances that move instantly and pay yield. Bitcoin…

BitMEX Founder Arthur Hayes Made a Large Purchase of This Altcoin! Here Are the Details

EthereumAug 4

Arthur Hayes, the founder of BitMEX and a closely followed figure in the cryptocurrency market, continues to increase his Ethereum investments. According to data shared by the on-chain analytics platform Onchain Lens, Hayes purchased approximately 1,337 $ETH using a total of 2.5 million $USDC. According to the shared information, Hayes initially transferred 2.5 million $USDC to his Galaxy Digital account. Following the transfer, it was determined that 1,337 Ethereum ($ETH) was purchased with these funds. At the time of the transaction, the total value of the purchased $ETH was approximately $2.5 million. According to data reported by Onchain Lens, Hayes…

Scott Bessent confirms Fort Knox full of gold despite Musk’s claims

RegulationAug 4

Early in Donald Trump’s second term, his special advisor, Elon Musk, began to promote a conspiracy theory that suggested that Fort Knox didn’t contain the gold it was supposed to. This was always nonsensical; documents released in Trump’s first term confirm that the Treasury Office of Inspector General conducts “audits of United States Mint Custodial Gold Schedules” on an annual basis. This audit “includes an inspection of all gold compartments and joint seals to verify the compartments are locked, and the seals are in-tact and have not been tampered with.” Furthermore, despite Musk promoting the claim that the gold hadn’t…