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.

Türkiye Blocks 47,493 Illegal Betting Sites as Crypto Account Crackdown Expands

LegalAug 2

Crypto wallets become a repeated enforcement target Türkiye has blocked access to 47,493 illegal betting websites since Jan. 1 as authorities expand a nationwide campaign against online operators and their payment networks. Anadolu Agency, citing Interior Ministry sources, said police and gendarmerie units conducted 680 operations, detained 5,629 suspects, secured the pretrial detention of 3,231 and placed a further 1,515 under judicial control. Cybercrime units are conducting round-the-clock patrols of illegal betting sites, social media advertisements and digital connections to payment systems. Investigators are also tracing bank accounts, electronic-money services and cryptoasset accounts suspected of helping operators collect wagers or…

Trade.xyz to cover SK Hynix liquidation losses

ExchangesAug 2

Trade.xyz said it will cover eligible liquidation losses tied to an SK Hynix price anomaly that struck at 23:01 UTC on July 27. The SKHYNIX mark price fell from $1,127.90 to $917.25, an 18.7% decline that triggered forced closures of leveraged long positions. The company called the reimbursement a one-time discretionary decision rather than a promise of similar action during future market disruptions. It has not disclosed the total compensation amount, eligibility formula or an exact distribution date. Trade.xyz said requirements will be released soon and payments should follow in the coming days. Hyperliquid had earlier said the market was…

Michael Saylor Calls Bitcoin the Base Layer for a New Digital Capital Stack

BitcoinAug 2

Strategy executive chairman Michael Saylor says the company’s core purpose is creating financial products backed by Bitcoin ($BTC), a business model he compared to a reserve bank. According to him, Bitcoin’s next stage of development should be about building a layered capital market around it. From Digital Gold to Digital Architecture In a June 16 article published on X, Saylor crowned $BTC as the foundation of a digital asset stack that includes digital credit, digital money, digital yield products, and digital equity. According to him, Bitcoin’s heavy price volatility is exactly what makes it suitable as a base asset for…

Ethereum Miners Are Selling Less Than Ever — Could Institutional Demand Trigger the Next Major Rally?

EthereumAug 2

Ethereum ($ETH) selling pressure from miners has dropped to near historic lows, and two CryptoQuant analysts say this could create a favorable setup for a strong price recovery. The on-chain data comes as Ethereum trades at $1,912, down 0.65% over the past week but up 21% over the last month, according to CoinMarketCap data. Despite the recent rebound, $ETH remains 49.8% below its price from a year ago. Ethereum Miner Selling Pressure Hits Near-Record Lows CryptoQuant analyst PelinayPA said Ethereum miner transfers to Binance have fallen close to their lowest levels in the past year. The decline points to a…

Stripe and Swift race to control the next generation of global payments infrastructure

RegulationAug 2

Taken together, the Swift announcement one end and the Stripe PayPal bid on the other, are part of a greater trend that who that banks, fintechs and payment companies are increasingly competing to build the infrastructure for the next generation of digital payments, whether through blockchain settlement networks, stablecoins or consumer payment platforms. "It’s a race to control the next generation of global payment infrastructure," said Ilies Larbi, founder and CEO of Ouinex. A Stripe-PayPal combination would allow more transactions to move across its own network, reducing dependency on intermediaries like Visa or Mastercard, apart from access to the latter’s…

Cobie-Linked Wallets Deposit $6.58M in LDO Tokens to Major Exchanges

AltcoinsAug 2

Multiple cryptocurrency wallets linked to prominent trader Jordan Fish, widely known as Cobie, have transferred approximately 20 million Lido DAO ($LDO) tokens to major exchanges within the last 30 minutes. The total value of the deposits is estimated at $6.58 million, according to on-chain analytics firm EmberCN. Details of the Transfer The deposits were sent to Binance, OKX, and Kraken, three of the largest cryptocurrency exchanges by trading volume. Blockchain data indicates that the transfers originated from addresses previously associated with Fish, a well-known figure in the crypto community and co-founder of the $DEGEN meme coin. Large-scale movements of tokens…

South Korea report proposes stablecoin rules before crypto law

LegalAug 2

South Korea should allow greater flexibility for stablecoin issuers, provide interim licensing guidance and phase in stablecoin regulation before completing its Digital Asset Basic Act, according to a policy report published Wednesday by Hashed Open Research and the Solana Policy Institute. The report summarizes a June 23 symposium attended by lawmakers, legal experts and industry participants. The Digital Asset Basic Act would establish South Korea’s first comprehensive digital asset framework, covering stablecoins, issuance, disclosures and market rules. However, lawmakers have yet to reconcile multiple bills, with disagreements over stablecoin issuance delaying the legislation. Democratic Party lawmaker Ahn Dogeol said policymakers…

Bybit Takes a Page From Web2 Loyalty Playbooks With Unified Galaxy Rewards

ExchangesAug 2

Crypto exchanges have been handing out trading fee discounts and one-time airdrops for years. But the fight for user stickiness is entering a different phase. Bybit, the exchange that regularly claims the number two spot by trading volume, launched a unified rewards ecosystem on Tuesday that looks less like a promotional campaign and more like a structural moat. Dubbed Bybit Galaxy, the program ties together spot, derivatives, and likely other product lines under one loyalty umbrella, according to the official announcement. The language is vague on mechanics, but the intent is clear: make it harder for users to take their…

The bond market is flashing a clear signal on interest rates. Bitcoin bulls should take note

BitcoinAug 2

The move marks a notable reversal from the start of the year, when the curve was steepening, a sign markets were pricing in rate cuts, which were then cited as a tailwind for risk assets including cryptocurrencies. That tailwind now looks like it's fading. Here's why the curve matters Bonds serve as one of the channels through which monetary and fiscal policies are transmitted into markets and the economy. Hence, shifts in the bond market curve or spreads are often clearer and more reliable signals of impending policy changes than individual analyst commentary. The two-year yield moves closely with expectations…

Ethereum gains 100+ institutional backers to boost enterprise adoption

EthereumAug 2

Ethereum [$ETH] is bringing its ecosystem together as institutional interest in blockchain continues to grow. More than 100 participants have joined Ethereum Institutional to support wider enterprise adoption, rather than working separately. The group includes digital treasuries such as Bitmine and SharpLink along with Ethereum co-founders Joseph Lubin and Mihai Alisie. This coalition displays support from both industry leaders and Ethereum’s founding community. Source: X This coordinated approach makes it easier for banks, asset managers, custodians, and sovereign institutions to evaluate Ethereum. It also strengthens work around tokenization, stablecoins, and on-chain settlement. As more organizations align behind the same strategy,…