Author: NBTC

South Korea’s largest cryptocurrency exchange, Upbit, has announced a temporary suspension of deposits and withdrawals for Stacks ($STX), a token built on the Bitcoin network. The halt is scheduled to begin at 12:00 a.m. UTC on July 29. Timeline and Scope of the Suspension According to an official notice from Upbit, the suspension will affect all $STX deposit and withdrawal services. The exchange has not provided a specific end time for the pause, advising users to monitor further announcements for updates. The move appears to be a standard operational measure, often implemented during network upgrades, wallet maintenance, or security reviews.…

Bitcoin could lower mining difficulty by roughly 16% when its next adjustment arrives around July 26, handing the machines that remain online a considerably larger expected share of the network’s rewards while doing almost nothing to resolve the expensive power contracts, debt obligations and strategic pressures pushing some of the industry’s largest companies away from mining. The network already lowered difficulty by 5% at block 957,600 on July 11, bringing it to 127.17 trillion. Hashrate Index reported that hashprice, the daily revenue miners expect from one petahash per second of computing power, stood at $30.88 per PH/s/day on July 13,…

Nakamoto Inc. has closed its legacy healthcare clinics, ending patient-facing operations tied to the former KindlyMD business. The company said the clinics concluded operations on June 19, while remaining administrative work linked to the wind-down should finish in the third quarter of 2026. “With our healthcare clinics now closed, Nakamoto continues to be focused on executing its strategy as a Bitcoin operating company,” Chairman and CEO David Bailey said. The closure marks a clean shift away from healthcare and toward a business model built around Bitcoin media, asset management, financial services, consulting and advisory work. Nakamoto’s healthcare clinics concluded operations…

Frax Finance has announced the integration of its stablecoin frxUSD into the Polygon ecosystem, specifically on Curve Finance, which is expected to improve its DeFi capabilities significantly. The integration is noteworthy as it leverages Polygon’s low-cost transaction environment and robust infrastructure. This move sets the stage for potential growth in frxUSD usage, particularly as DeFi continues to evolve on Polygon. For more details, see the official announcement here. What Happened The recent announcement from Frax Finance highlights its strategic integration of frxUSD within the Polygon ecosystem via Curve Finance. This decision is pivotal, given that Polygon supports a high throughput…

Decentralized cloud storage provider Storj Labs has filed for Chapter 11 bankruptcy protection. The company said it plans to keep its network running while restructuring legacy liabilities and exploring an ownership pathway for STORJ tokenholders. On Sunday, Storj said it filed the voluntary case in the US Bankruptcy Court for the Northern District of West Virginia. The company said ordinary operations and customer services would continue during the process, subject to court oversight, while its parent company, Inveniam, would continue to support the business. The restructuring could become an unusual test of whether utility-token holders can participate in the ownership…

A Washington state judge has granted a preliminary injunction that will block Kalshi from offering sports-related prediction markets to residents, adding another court setback for the federally regulated event-contract platform. King County Superior Court Judge John McHale granted Washington’s request on July 20, finding that the state was likely to succeed in its case against Kalshi. However, the order will not take effect before Aug. 5. The court will review additional submissions from both sides by Aug. 3 before the restriction starts. BREAKING: Washington state court issues preliminary injunction against Kalshi, finds that the company conducts illegal gambling activities in…

Polymarket has referred nearly 100 suspicious crypto wallets to law enforcement as the prediction market platform expands its monitoring of possible insider trading. The referrals come as a Bloomberg analysis of Polysights data found that about $200 million in Polymarket trades during the first half of 2026 showed characteristics associated with “potential insider activity.” Much of the flagged activity involved geopolitical markets tied to Iran and Venezuela. The data does not prove that every flagged trade involved illegal conduct, but it shows the volume of activity now facing closer review as prediction markets draw more regulatory attention. Polymarket expands surveillance…

Nasdaq-listed Bitcoin mining company Bitdeer (ticker: BTDR) announced on X (formerly Twitter) that it mined 274.6 Bitcoin this week and sold the entire amount. The move is consistent with the firm’s zero-$BTC treasury strategy, which it has adhered to since February of this year. Bitdeer’s Zero-$BTC Treasury Strategy According to the company’s public statements, Bitdeer reduced its Bitcoin holdings to zero as of February 20. Since that date, the firm has adopted a policy of immediately converting all newly mined Bitcoin into cash. This week’s sale of 274.6 $BTC is the latest in a series of transactions under this framework.…

Bitcoin is testing a critical area near its 2024 halving level, with traders watching whether support holds or another sell-off begins. While Yoddha highlights a long-term buying opportunity near $38,500, Kaz expects Bitcoin to first target $62,300 and potentially fall toward the low $50,000s. Bitcoin Tests 2024 Halving Level as Trader Eyes Long-Term Dip Bitcoin is trading near a major long-term level as crypto trader Yoddha argues that investors should “buy the dip and forget” ahead of the 2028 halving. The two-week $BTC chart shows Bitcoin near $64,865, almost matching the roughly $65,567 level marked for the 2024 halving. According…

In a recent tweet, Usual pointed out that the stablecoin market is heavily dominated by USD stablecoins, which exceed $150 billion, while euro-backed stablecoins sit at under $500 million. This stark contrast highlights a significant gap in euro stablecoin infrastructure, which is crucial for the growth of decentralized finance (DeFi). For more details, see Usual’s tweet here. Breaking It Down The broader crypto market is currently navigating mixed signals, with varying momentum across major assets. Usual’s observation about stablecoins sheds light on a critical aspect of DeFi’s growth potential. The lack of euro stablecoins restricts access for European users, hindering…