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.

Bankless Co-Founder David Hoffman Exits ETH Entirely, Rotates Into VVV, NEAR, ZEC, HYPE, LIT

AltcoinsAug 1

David Hoffman, co-founder of the popular decentralized finance media platform Bankless, has liquidated his entire Ethereum ($ETH) holdings. According to a report from Wu Blockchain, the transaction occurred on May 21, with the proceeds redirected into a basket of five alternative cryptocurrencies: $VVV, $NEAR, $ZEC, $HYPE, and $LIT. The move marks a significant shift for Hoffman, who has long been a prominent voice within the Ethereum ecosystem. His decision to exit $ETH entirely, rather than merely rebalancing, has drawn attention from market observers and DeFi commentators alike. Hoffman’s Previous Stance on $ETH Valuation Hoffman had previously articulated a nuanced view…

Stand With Crypto Mobilizes 1 Million Contacts for CLARITY Act

LegalAug 1

Stand With Crypto has initiated a significant grassroots campaign, urging constituents to contact their Senators in support of the CLARITY Act. With over 1 million contacts made, the organization emphasizes the need for transparent regulatory frameworks for digital assets. This broad engagement represents real voter sentiment rather than traditional lobbying efforts, aiming to influence legislative action before the Senate recess on August 7. For more details, see here. What Went Down The broader cryptocurrency landscape is witnessing a push for regulatory clarity, particularly as Stand With Crypto rallies public support for the CLARITY Act. This campaign is a response to…

Binance Alpha Adds MARS COIN to Its Early-Stage Token Platform

ExchangesAug 1

Binance Alpha, the early-stage token discovery platform operated by the world’s largest cryptocurrency exchange, has announced the addition of MARS COIN to its list of featured digital assets. The listing was confirmed through the platform’s official communication channels on [Date of announcement, if known; otherwise omit]. What Is Binance Alpha? Launched as a separate initiative from the main Binance exchange, Binance Alpha serves as a curated marketplace for emerging cryptocurrency projects. It is designed to give users early exposure to tokens that may later be considered for a full Binance listing. The platform operates with a focus on transparency and…

Zero mining revenue, 98% cash collapse, 2 million mysterious shares sets up miner’s 7 billion share survival play

MiningAug 1

SOS Limited shareholders approved steps that could expand the crypto-linked company’s authorized share pool 100-fold, giving it far more room to raise equity after it temporarily stopped direct mining and ended 2025 with just $3.2 million in cash alongside about $79.1 million in Bitcoin and Ethereum. A July 27 vote, disclosed July 30, creates capacity only. Any dilution would require SOS to complete the required reorganization and charter steps and then issue shares under terms it has not disclosed. A cash-light crypto balance sheet SOS’s latest audited balance sheet showed cash and cash equivalents falling from $228.131 million at Dec.…

Hayes Says AI Took Money From Bitcoin, Explains What Happens When It Crashes

BitcoinAug 1

Arthur Hayes has shared one of his most bullish crypto outlooks yet across two recent interviews, one with Michaël van de Poppe, New Era Finance podcast and another with Bankless. The former BitMEX CEO tackled a question many crypto investors have been asking. Why hasn’t Bitcoin made a major move despite growing institutional adoption and favorable long-term fundamentals? “Bitcoin hasn’t performed because AI took all the money. There’s no cash left to chase crypto.” Hayes says one of the main reasons Bitcoin and the broader crypto market have struggled is that investors have been pouring capital into AI-related opportunities. “The…

Kalshi Secures Series D Co-Lead from a16z, Says Chris Dixon

RegulationAug 1

Chris Dixon, a prominent figure at a16z, has announced that the venture capital firm is co-leading the Series D funding round for Kalshi, a regulated exchange focused on prediction markets. This announcement, made on October 10, 2025, emphasizes the growing importance of prediction markets in the financial ecosystem, drawing on economic principles articulated by Friedrich Hayek. You can view the full announcement here. The Latest The announcement of a16z’s co-lead investment in Kalshi’s Series D funding marks a significant milestone for the prediction markets sector. With the broader crypto market showing mixed signals, this funding could enhance Kalshi’s capabilities and…

EdgeX to Compensate EDGE Token Crash Victims With Up to 100,000 USDC Each

AltcoinsAug 1

Decentralized derivatives exchange EdgeX has announced a compensation plan for users who suffered financial losses during the sharp decline of its native $EDGE token on June 2. The exchange will offer up to 100,000 $USDC per eligible user to cover realized losses from forced liquidations and sell-offs. Eligibility and Compensation Details The compensation program targets users who incurred actual losses from long position liquidations or token sell-offs on EdgeX Perp V1 and V2. The eligible window covers trades executed between 8:50 p.m. and 10:00 p.m. UTC on June 1. EdgeX has specified that only realized losses within this period qualify…

DigitalChamber Advocates for State-Regulated Insurance Model for Crypto

LegalAug 1

DigitalChamber emphasizes the critical need for regulatory frameworks that can adapt to the rapid innovation in the digital asset space. In a recent event, USRepMikeFlood highlighted the potential of a state-regulated insurance model to meet these needs. This approach could ensure that regulations keep pace with technological advancements, which is crucial for the industry’s future. You can find more about the event in their official tweet. Breaking It Down The DigitalChamber held a panel titled ‘Fixing Crypto’s Insurance Gap’, which featured insights from USRepMikeFlood and Joseph Ziolkowski. The discussion focused on how a state-regulated insurance model could effectively address the…

Samsung SDS unveils stablecoin infrastructure plans with Dunamu

ExchangesAug 1

Samsung SDS has identified stablecoin infrastructure as the first major collaboration area under its investment in Dunamu, outlining plans to combine blockchain, AI and cloud technologies as part of its digital asset strategy. According to Samsung SDS during its second-quarter earnings conference call on Wednesday, the company has been discussing stablecoin infrastructure, AI-powered next-generation payments and virtual asset financial system integration with Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit. Samsung SDS has outlined how its Dunamu investment will be used Samsung SDS President Lee Joon-hee said the company’s stake in Dunamu was made to enter the digital…

Bitcoin Hashrate Declines for 287 Days, Difficulty Down 19.9% from Peak as Miners Pivot to AI

MiningAug 1

Bitcoin’s network hashrate has been on a downward trend for approximately 287 days, with mining difficulty now 19.9% below its all-time high, according to a report from Bitcoin Magazine. The prolonged decline reflects a significant shift in the mining sector, as publicly listed companies increasingly reallocate power and data center capacity toward artificial intelligence and high-performance computing (HPC) workloads. Hashrate and Difficulty Trends Signal Sector Transition The sustained drop in hashrate—the total computational power securing the Bitcoin network—marks one of the longest contraction phases in recent years. Mining difficulty, which adjusts every 2,016 blocks to maintain block production times, has…