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.

China arrests 16 in crypto money-laundering crackdown tied to telecom fraud

LegalAug 1

Chinese authorities have arrested 16 individuals suspected of operating a cryptocurrency money-laundering network linked to telecom fraud, according to a report by The Block. The arrests underscore Beijing’s ongoing efforts to curb digital asset misuse in financial crimes, particularly those targeting vulnerable citizens through phone scams. How the alleged scheme operated Officials said the group functioned as a family-based organization, recruiting members of the public to provide bank accounts and debit cards. These instruments were then used to launder illicit proceeds derived from telecom fraud. The operation highlights a common tactic in which fraudsters use cryptocurrency to obscure the flow…

“The 4-Year Cycle Is Running Like Clockwork”

BitcoinAug 1

Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, made striking statements on a number of critical issues, ranging from Bitcoin cycles and global regulations to the threats of artificial intelligence (AI) and the future of quantum computing, during his appearance on the Galaxy Brains podcast. Evaluating the current state of the market, CZ stated that Bitcoin’s traditional 4-year cycle continues to work almost exactly the same, with only a day’s difference. Arguing that the price decline is a normal market movement, the renowned analyst reminded that there have been drops of up to 80% in the…

Hong Kong’s HKDAP stablecoin could launch this month

RegulationAug 1

A Hong Kong dollar stablecoin backed by a Standard Chartered-led venture could begin trading as early as July 31, 2026, offering the crypto market a regulated digital currency pegged to something other than the US dollar. The Hong Kong Economic Journal reported that HKDAP is expected to launch before the end of July. The timing is nothing short of significant. Over the years, stablecoins have developed into a market valued at well over $310 billion, but nearly all of that value is tied up in US dollar-pegged tokens. According to DefiLlama, Tether (USDT) accounts for around 59% of the market…

Grayscale launches lowest-fee U.S. Hyperliquid ETF as competition heats up around HYPE

AltcoinsAug 1

Grayscale said Wednesday it launched a Hyperliquid ($HYPE) exchange-traded product (ETP) with the lowest fee among its U.S.-listed competitors, escalating a price war in one of crypto's newest and fastest-growing ETF categories. The asset manager announced the Grayscale Hyperliquid Staking ETF (HYPG) on Nasdaq, disclosing a 0.29% sponsor fee and confirming the ticker HYPG. The fee undercuts rival Hyperliquid products from both 21Shares and Bitwise and marks the first meaningful fee competition in the emerging market for $HYPE investment products. 21Shares' Hyperliquid ETF, THYP, began trading on Nasdaq on May 12 with a 0.30% expense ratio. Bitwise's BHYP launched three…

Novogratz signals Democrats near Senate deal on Crypto Clarity Act

LegalAug 1

The Crypto Clarity Act passed the House in July 2025 and subsequently entered Senate deliberation. Billionaire investor Mike Novogratz has made statements regarding Democratic positions on the bill, though the legislative process remains ongoing with key provisions still requiring finalization. Key takeaways The Crypto Clarity Act passed the House in July 2025 and has been in Senate deliberation since. The Senate has not yet finalized agreements on government ethics provisions and enforcement authority. The legislation proposes splitting regulatory oversight of digital assets between the SEC and the Commodity Futures Trading Commission (CFTC). Key figures to watch include President Donald Trump,…

World Cup generated $20B in blockchain prediction market volume: Chainalysis

ExchangesAug 1

The 2026 FIFA World Cup drove $20 billion in blockchain-based prediction market volume and $24 million in digital collectible trades, with more than 400,000 wallets participating in blockchain-based betting, according to a report from blockchain analytics firm Chainalysis. The $20 billion figure includes trading before and during the tournament, with bettors placing roughly $5.7 billion in wagers over the five-week World Cup itself. World Cup-related markets accounted for about 63% of all prediction market activity during that period, the report said. According to Chainalysis, users from every continent except Antarctica participated in World Cup prediction markets, with the United States…

Russia to Ban Crypto Mining in Moscow and Parts of Kursk Region

MiningAug 1

Russia is set to impose a sweeping ban on cryptocurrency mining in Moscow, the Moscow region, and eight municipalities within the Kursk region, effective from August 15 through December 31, 2031. The decree, signed by Russian Prime Minister Mikhail Mishustin, was formally published on August 14, according to Bits.media. The restrictions also extend to residents involved in related activities, including participation in mining pools. Energy Strain Drives the Ban The decision follows a formal request from the Moscow region’s energy ministry in April, which urged the central government to curb crypto mining due to excessive power consumption. The regional energy…

Is Bitcoin stabilizing? What to expect as whales control 35.84% of BTC’s supply

BitcoinAug 1

The Bitcoin [$BTC] recovery in March and April restored some positive sentiment in the market, but the retracement below $60k in early June dented this optimism once again. The $60k-$70k was a key demand zone, both from a technical standpoint and based on on-chain metrics’ findings. AMBCrypto reported that 20% of the $BTC circulating supply has changed hands within this key structural support zone. It was argued that this was one of the largest transfers from weak to strong hands in Bitcoin’s history. Forced Bitcoin selling is not over yet Long-term holders have been steadily offloading their tokens. At the…

TD Cowen Lowers Smarter Web Price Target to 0.64 Pound, Maintains Buy Rating Amid Bitcoin Treasury Expansion

RegulationAug 1

TD Cowen has reduced its price target for Smarter Web Company (SWC), a London Stock Exchange-listed firm pursuing a strategic Bitcoin accumulation strategy, to 0.64 pound from the previous 1 pound, while maintaining a Buy rating. The revision, reported by The Block, reflects a combination of factors including adjustments to the investment bank’s Bitcoin price outlook, the company’s recent treasury activity, potential share-price dilution from future stock issuance, and an increase in second-quarter $BTC holdings. Behind the Price Target Revision The decision to lower the target price comes as Smarter Web continues to execute its Bitcoin treasury strategy, which has…

Ripple CEO Celebrates 14-Year Milestone

AltcoinsAug 1

Ripple CEO Brad Garlinghouse recently took to social media to celebrate the 14th anniversary of $XRP, one of the leading altcoins by market capitalization. Garlinghouse stated that it is still the honor of his lifetime to be part of the $XRP family. He has made it clear that the network's growth is a collective achievement. The Ripple executive has extended his gratitude to developers, validators, businesses, and community members. The birthday debate However, the exact birthday of the $XRP token is now immediately clear. It has reignited an ever-simmering debate within the cryptocurrency community regarding the exact "birthday" of $XRP.…