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.

Michael Saylor Backs CLARITY Bill, Says Bitcoin Will Succeed Regardless

LegalAug 1

Strategy founder Michael Saylor has publicly voiced support for the CLARITY bill, a bipartisan legislative effort aimed at establishing clear rules for digital assets in the United States. In a post on X, Saylor said he backs the initiative to protect property rights, foster innovation, and strengthen U.S. capital markets, while also noting that Bitcoin’s long-term success does not depend on the bill’s passage. What is the CLARITY Bill? The CLARITY bill, whose full name is the “Cryptocurrency Legal Clarity and Investor Protection Act,” seeks to define which digital assets are securities and which are commodities, providing regulatory certainty for…

Binance Founder Changpeng Zhao Expresses Support for All Memecoins, Plans to Trade Some for Testing

ExchangesAug 1

Changpeng Zhao, the founder of Binance, stated on social media platform X that he supports all memecoins and may engage in buying or selling some of them over the coming weeks for testing purposes. His comments come amid ongoing discussions about the role and volatility of memecoins in the cryptocurrency market. Zhao Clarifies Position on Memecoin Donations to Giggle Academy In a series of posts, Zhao emphasized that he has not discussed the disposal of recently donated memecoins with Giggle Academy, the education initiative he leads. He clarified that Giggle Academy has been converting most donated tokens into $BNB or…

SpaceX stock sinks below $120 as Tesla earnings and Starship test loom

RegulationAug 1

SpaceX stock has fallen to $119.79 after seven straight losing sessions, leaving SPCX 11% below its $135 IPO price before Tesla’s second-quarter earnings and a renewed Starship launch attempt. TradingView’s one-hour chart shows SPCX pressing against the lower boundary of a descending channel that has guided the stock down from around $170 at the start of July. The shares closed 0.93% lower in the chart’s latest session after trading between $119.69 and $121.03. Although SPCX gained about 1.6% before Monday’s opening bell, the advance faded during regular trading as sellers extended the stock’s losing run. T/he shares ended Monday below…

Tokentus CEO Says XRP Is His Biggest Crypto Holding, Backs XRPL and Stellar for Tokenization Boom

AltcoinsAug 1

Tokentus Investment CEO Oliver Michel has revealed that $XRP represents his largest personal and corporate crypto holding. Michel made the disclosure during a recent appearance on DER AKTIONÄR TV, where he discussed the long-term role of $XRP and $XLM in global asset tokenization, particularly in relation to the Depository Trust & Clearing Corporation (DTCC). Key Points Oliver Michel disclosed that $XRP and $XLM represent his two largest cryptocurrency holdings. Michel noted that both assets rank as top allocations in his personal portfolio as well as in the holdings of Tokentus Investment AG. The Tokentus CEO argued that the financial sector…

CFTC settles with former U.S. Rep. George Santos over Kalshi market manipulation claims

LegalAug 1

The U.S. Commodity Futures Trading Commission (CFTC) has reached a settlement with former U.S. Representative George Santos over allegations that he manipulated a prediction market on the platform Kalshi, according to a report from The Block. The settlement resolves claims that Santos bet on whether he would attend the State of the Union address and then took steps to influence the market’s outcome. Background of the case The CFTC had filed a lawsuit against Santos, accusing him of violating commodity trading laws by engaging in market manipulation. Specifically, regulators alleged that Santos placed a wager on Kalshi regarding his attendance…

Crypto revenue concentration hits record 80% as exchanges fold

ExchangesAug 1

Just two platforms now capture more crypto application revenue than the rest of the industry combined. That striking reality sits at the heart of a new analysis from ARK Invest, which argues the sector is moving through its most concentrated consolidation phase ever — one that is quietly redrawing which projects survive and which ones quietly disappear. Key takeaways Hyperliquid and Pump.fun together account for roughly 67% of all crypto application revenue, according to ARK Invest research associate Lorenzo Valente. Adding synthetic dollar protocol Ethena pushes the top three platforms’ combined share to nearly 80% — a record level of…

Is Polygon the Next Big Stablecoin Play?

AltcoinsAug 1

Maybe, but not in the way the issuers and exchanges already do. Stablecoins have two proven business models so far: issue a dollar token or distribute one and earn on the float. Circle does the first, Coinbase the second. Polygon is chasing a third role, the settlement layer that those dollars move across, and it is spending real money to get there. How are companies already making money on stablecoins? Circle (@circle) is the clearest case. It issues $USDC, the second-largest stablecoin, and earns most of its money from interest on the reserves backing those tokens. The more $USDC in…

YGG Play Shuts Down Services as Yield Guild Pivots to AI Data

GameFiAug 1

Yield Guild Games co-founder Gabby Dizon said its web3 game publishing arm went dark on Friday. "@YGG_Play services will shut down as of today," Dizon wrote on his verified X account on Friday, adding that "our @YieldGuild story continues - more on this starting next week!" The unit posted its own sign-off 43 minutes earlier. "Today marks the final day for YGG Play," the YGG Play account wrote, thanking users who played its games, completed quests or staked YGG. Asked in the replies how far the closure reaches, the account said it covers "just @YGG_Play! Yield guild main will always…

Futu not under investigation as Hong Kong SFC freezes HK$125M client assets

ExchangesAug 1

The Hong Kong Securities and Futures Commission has issued a restriction notice freezing assets worth up to HK$125.247 million in a client account at Futu Securities International Limited as part of an ongoing investigation into suspected IPO share manipulation. According to the Hong Kong Securities and Futures Commission (SFC), the restriction applies to assets held by a certain entity suspected of participating in a fraudulent scheme designed to create a false or misleading appearance of demand for shares in an initial public offering. The regulator said Futu is not the subject of its investigation and stressed that the restriction notice…

Bitcoin risks deeper correction as $62K support comes under pressure

BitcoinJul 31

Bitcoin has fallen to around $62,400 after a combination of options-expiry volatility, long liquidations, and renewed concerns over corporate Bitcoin selling weighed on sentiment across the crypto market. According to data from crypto.news, Bitcoin ($BTC) fell nearly 3% over the previous 24 hours to an intraday low near $62,300 on June 19. The decline extended losses after roughly $2.13 billion in Bitcoin and Ethereum options contracts expired. Investors also digested reports that Strategy could potentially sell between $3 billion and $4 billion worth of Bitcoin to support its STRC preferred stock, which recently traded below its $100 par value. Further,…