Crypto, markets and policy.
NBTCNEWS

Author: 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.

SEC ready to issue crypto rules if Congress doesn’t pass CLARITY Act, Chair Atkins says

The SEC is ready to introduce its own rules covering key crypto market structure issues if Congress fails to pass the CLARITY Act, Chair Paul Atkins said in an interview with CNBC. Atkins said the agency could address many of the same regulatory issues through its own rulemaking authority, though he expressed confidence that the legislation would clear Congress and stressed that congressional action remains the preferred path. He argued that the legislation would provide lasting regulatory certainty, future-proof the framework governing digital assets and give the SEC clear direction for overseeing the crypto market. “We’re doing all we can…

Crypto’s favorite $90 trillion trading product is coming to Wall Street, but big banks are taking it slow

Perpetual futures have spent years as one of crypto’s most popular trading products, especially for investors outside the United States. Now that the contracts are entering regulated American markets, Wall Street is trying to decide whether they are a passing retail craze or a lasting threat to traditional futures. The early numbers have been hard to ignore. Kalshi’s perpetual futures topped $1 billion in trading volume within a week of launch in June, making them the company’s biggest product debut since prediction markets. The exchange has since sought regulatory approval to offer perpetual futures tied to gold and silver, a…

Bitcoin Seller Exhaustion? On-chain Data Signals Transition Toward Late-Stage Capitulation

Following a wave of selling pressure that pulled bitcoin ($BTC) below $60,000 two weeks ago, analysts have highlighted on-chain data that signals possible seller exhaustion, which is further substantiated by a reprieve in macroeconomic conditions. According to analysts at crypto exchange Bitfinex, the market is witnessing a transition into late-stage capitulation rather than a broader distribution phase. This translates to constant selling pressure among previous buyers of $BTC, like exchange-traded funds (ETFs) and treasury companies. Bitcoin Sellers Are Getting Exhausted Recent bitcoin buyers aggressively turned into sellers after the asset’s price fell below $75,000. Since then, demand for the cryptocurrency…

Abraxas Capital Moves $61.2M USDT to Bitfinex, Supplies 40,000 ETH to Spark

Blockchain intelligence platform Onchain Lens reported that Abraxas Capital, a prominent digital asset management firm, deposited 61.19 million $USDT into the Bitfinex exchange. In a separate transaction, the firm supplied 40,000 $ETH to the Spark protocol, a decentralized finance (DeFi) lending platform. The moves highlight continued institutional activity in both centralized and decentralized finance sectors. Transaction Details and On-Chain Data Onchain Lens detected the $USDT transfer to Bitfinex, a major cryptocurrency exchange known for its deep liquidity and institutional client base. The exact purpose of the deposit remains undisclosed, but such transfers often precede trading activity, market-making, or liquidity provisioning.…

‘Demand for dollar settlement is a wages story’ – $7M Pact Labs investment proves it

Tether is shifting stablecoin adoption from crypto markets toward everyday financial infrastructure. By leading Pact Labs’ $7 million Series A, the company is targeting payroll, earned wage access, and real-time payments through USA₮. That strategy addresses a U.S. payroll system processing more than $11 trillion annually, where legacy settlement still delays access to earned wages. Supporting this, Tether CEO Paolo Ardoino noted, This confirms what our transaction data has shown for years: the demand for dollar-denominated settlement is a wages story. Source: Tether on X Rather than competing for trading volume, Tether is pursuing recurring payment flows that generate consistent…

24.38 Million Shiba Inu Gone Amid 3,607% Surge in Burn Rate

Shiba Inu has witnessed an aggressive cut in its circulating supply as the network continues to burn the asset in large quantities, registering its 2026 biggest token burn this week. While the aggressive burn activity still extends to this moment, tens of millions of $SHIB tokens have also been burned over the last 24 hours. $SHIB network activity soars Per the latest data from Shibburn, the Shiba Inu burn rate has soared massively by over 3,607% over the last 24 hours as a total of 24.38 million $SHIB were destroyed during the period. The aggressive burn trend, which began a…

134 Bank Leaders Sound Alarm Over CLARITY Act — They Want a Key Crypto Rule Changed

Bank Leaders Push Senate to Rewrite Stablecoin Provision The bank leaders’ CLARITY Act letter urged U.S. Senator John Thune (R-SD), Majority Leader of the U.S. Senate, and U.S. Senator Charles Schumer (D-NY), Minority Leader of the U.S. Senate, to revise Section 10404 of the CLARITY Act. Section 10404 of the crypto legislation establishes restrictions on paying interest or yield on payment stablecoins. The banking executives want lawmakers to strengthen the provision so companies cannot bypass the prohibition through rewards, incentives, or other arrangements that create similar economic benefits for holding stablecoins. The bank leaders stated: “We therefore urge the Senate…

MentoLabs Launches FX Protocol on Polygon

MentoLabs has officially launched its FX protocol on Polygon, enabling the movement of local currencies onchain. This protocol kicks off with a USDm/EURm liquidity pool and has capa_fi as a day-one liquidity partner. Such innovations could significantly influence the landscape of digital transactions, making them more seamless and efficient. Source The Story So Far The launch of MentoLabs’ FX protocol marks a notable development for Polygon, which has been positioning itself as a leading player in the blockchain space. The announcement comes amid a crypto market showing mixed signals, with various assets experiencing fluctuating momentum. This new protocol is expected…

Bitcoin price analysis pulls 28x the average — nothing else comes close

In crypto media, not all content is created equal — and the data makes that painfully clear. Bitcoin price analysis articles built around cycle comparisons and long-term predictions consistently outperform virtually every other type of crypto content, pulling views that are sometimes 10 to 28 times the average. Meanwhile, most informational posts fade into the background, unseen and unengaged. Understanding why this gap exists — and how to close it — has become one of the more pressing questions in crypto publishing. Key takeaways Bitcoin cycle and price analysis articles dominate views, outperforming average crypto content by up to 28…

Can ETH Break $2,000 as ETH/BTC Ratio Forms a Cup and Handle?

Ethereum trades at $1,856.19 on August 3, down 1.44%, consolidating inside a Fibonacci range between $1,837 and $1,939 as a descending trendline from the May peak continues to cap recovery attempts. $ETH Holds the 0.382 Fibonacci but the Descending Trendline Has Not Broken Ethereum Price Analysis (Source: TradingView) $ETH is trading between the 0.382 Fibonacci at $1,837.76 and the 0.5 level at $1,939.99, with today’s session sliding from a high of $1,883.97 to close at $1,856.19. The 20-day EMA at $1,867.85 sits just above as the immediate ceiling, while the 50-day at $1,848.92 is the first support below. A descending…