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.

Phantom to End Monad Support on Aug. 26

BlockchainJul 31

Phantom will end support for the Monad network on Aug. 26, the wallet company said on X on Friday, cutting off the high-throughput EVM chain roughly nine months after its November 2025 mainnet launch. "We'll soon begin notifying Monad users in-app with links to support articles that share options to move or swap their Monad-native assets," Phantom said. Because Phantom is self-custodial, Monad assets remain accessible after the cutoff: users can import their recovery phrase into another wallet that supports the chain. The two companies gave different deadlines. Monad's own post on X, published about three hours before Phantom's, told…

Trader James Wynn Reopens 40x BTC Short After $22M in Losses

BitcoinJul 31

Hyperliquid trader James Wynn has reopened a highly leveraged Bitcoin short position despite cumulative losses exceeding $22 million, according to blockchain analytics firm Onchain Lens. The move signals a continued bearish conviction on the leading cryptocurrency, even after a series of costly reversals. Position Details and Liquidation Risk The newly opened position is sized at 1.31 $BTC, worth approximately $83,000 at current market prices. Wynn entered the trade with 40x leverage, an entry price of $63,102, and a liquidation price set at $63,785. This means that a relatively modest upward move of less than 1.1% in Bitcoin’s price could trigger…

Aave is Gradually Removing 75 Low-Utilization Reserve Assets from its Platform! Here are the Details

DeFiJul 31

Aave, a leading lending protocol in the decentralized finance (DeFi) sector, has announced a comprehensive restructuring process aimed at improving the platform’s efficiency. Aave founder Stani Kulechov stated that the protocol will gradually phase out assets with low usage rates and scale back its operations on some blockchain networks. According to the announcement, Aave plans to gradually end support for 50 reserve assets on its own network that are not seeing sufficient usage. In addition, support will be phased out for 25 reserve assets on the Sonic, Scroll, zkSync, Metis, Soneium, and Aptos networks. Thus, a total of 75 reserve…

Go-Ethereum Client Update Lays Groundwork for Amsterdam Hardfork

EthereumJul 31

Ethereum’s core development is progressing with the release of go-ethereum client version 1.17.5, codenamed ‘Grav-Torque Pad’, on July 27, 2026. This update includes maintenance fixes and significant strides toward the upcoming Amsterdam hardfork. The Amsterdam hardfork is a major protocol upgrade designed to enhance Ethereum’s Layer 1 capabilities, focusing on improved block processing, increased transaction throughput, and greater decentralization. Advancing Core Protocol Capabilities The v1.17.5 release specifically continues the implementation work for the Amsterdam hardfork, which is anticipated to be one of Ethereum’s most significant upgrades since The Merge.Latest Stories The Amsterdam upgrade, also known as Glamsterdam, is a two-layer…

Kalshi rolls out Midterm Hubs ahead of the November elections in the U.S.

RegulationJul 31

Prediction market platform Kalshi rolled out its U.S. “Midterms Hub” as it seeks to position itself as the primary reference for election odds in the U.S The new hub will allow users to observe the outcomes speculators expect in individual U.S. Senate and House of Representatives as the country heads to elections in November, Kalshi said in a press release sent Wednesday. Kalshi said the Midterms Hub will provide a live snapshot of where users are willing to place their bet at any given time. “It’s designed as the one-stop-shop for state and federal election forecasting picture of where a…

Cosmos Labs Acquires Mintscan Explorer, Opens Seoul Subsidiary to Bolster Asian Presence

AltcoinsJul 31

Cosmos Labs, the core development team behind the Cosmos (ATOM) blockchain ecosystem, has acquired Mintscan, a widely used blockchain explorer for the Cosmos network, and simultaneously launched a new South Korean subsidiary, Cosmos Labs Korea, in Seoul. The move, first reported by The Block, signals a strategic push to deepen the project’s operational footprint in Asia and integrate critical infrastructure more closely with its core team. Acquisition Details and Strategic Rationale Mintscan has long served as the primary block explorer for Cosmos-based chains, allowing users to track transactions, validate blocks, and monitor network activity. By bringing Mintscan in-house, Cosmos Labs…

Rancher puts cows on the blockchain for clout

BlockchainJul 31

On Friday, a clever startup manufactured a viral media story about a Brazilian rancher securing a $19,600 loan by tokenizing 10 cows. However, omitted from the subsequent wall-to-wall media coverage was some very inconvenient context, such as the rancher’s seat on the board of a state-backed ranching fund, his massive herd, and plentiful access to traditional, real estate-based financing. When the story hit social media on Friday, crypto influencers applauded blockchain technologies extending credit to a farmer in need. Unfortunately, this feel-good story falls apart under the slightest scrutiny. Firstly, the rancher’s expansive, multi-generational real estate exceeds 1.3 square miles,…

Analyzing why Bitcoin’s market position may be stronger than ever now

BitcoinJul 31

Bitcoin [$BTC] is below its recent highs now, but it’s far from boring. Market dominance has been rising again and investors are still leaning on Bitcoin during uncertain times. Morgan Stanley’s recent ETF purchase also added to this trend. Bitcoin dominance rises, price takes a hit In mid-2025, Bitcoin was trading close to its highs, but its dominance was falling. At the time, traders were still willing to take more risk in altcoins. Source: X In 2026, things look different though. Bitcoin’s price has dropped from its local highs, and its dominance has moved back up. This tells us that…

Tokenized gold passes DeFi stress test, but less than 2% is used as collateral

DeFiJul 31

Demand for tokenized gold has surged this year as physical bullion climbed to record highs, but very little of the asset is being put to work in decentralized finance, highlighting a major adoption gap, according to a new report by RedStone. Tokenized gold spot trading volume reached $90.7 billion in the first quarter as gold futures rallied above $5,600 per troy ounce. Yet only about $63 million worth of Tether Gold (XAUT) and PAX Gold (PAXG) is currently being used as collateral on Aave v3 and Morpho, RedStone said. That’s just 1.5% of the tokens’ combined $4.2 billion market capitalization.…

Ethereum Price Stalls as Fed Rate Decision Looms

EthereumJul 31

In brief Ethereum fell 1.53% to $1,890 on Wednesday, pulling back from a session high of $1,926 as traders froze ahead of the Federal Reserve's rate decision. Spot $ETH ETFs attracted $14.53 million in inflows today, capping three straight weeks of net positive flows totaling $71.17 million in the seven days ending July 28. The "death cross" remains in place, but charts point to growing trend strength. The whole crypto market is in a holding pattern, eagerly awaiting the Federal Reserve’s next move. Bitcoin is hovering near $64,000 while the Fear & Greed Index sits at 29—deep in "fear" territory.…