Author: NBTC

An anonymous, newly created wallet has withdrawn 468.3 Bitcoin (BTC), worth approximately $29.88 million, from the cryptocurrency exchange BitMEX. The transaction, flagged by blockchain tracking platform Onchain Lens, marks the first single withdrawal exceeding $10 million since BitMEX announced it would cease operations. Context: BitMEX’s Shutdown Announcement BitMEX, one of the oldest and most prominent cryptocurrency derivatives exchanges, announced on September 23 that it would be shutting down its trading operations. The decision comes after years of regulatory pressure and declining market share. The exchange, once a dominant force in Bitcoin perpetual swaps, has faced increasing competition from platforms like…

Over the past 48 hours, $BTC traded largely between $64,500 and $65,250. By Sunday morning, Aug. 9, bitcoin was changing hands around $64,800 to $64,900, with neither event producing the kind of sharp sell-off that often follows major security failures or contentious network disputes. Coldcard Crisis Fails to Crack Bitcoin’s Range The more financially damaging event involves Coldcard, a hardware wallet manufactured by Coinkite. A firmware flaw introduced in March 2021 weakened the randomness used to generate some wallet seeds, leaving certain devices vulnerable to offline attacks capable of reconstructing private keys. Attacks began July 30. The first major wave…

The Ethereum Foundation has announced a strategic shift in its cryptographic approach for the network’s layer-one (L1) blockchain. Moving away from the Poseidon hash function, which was specifically designed for use with Succinct Non-Interactive Arguments of Knowledge (SNARKs), the foundation will now prioritize established hash functions such as SHA2 and BLAKE2s. This decision, driven by recent advancements in SNARK technology, marks a notable change in the project’s technical roadmap. Why the Shift? SNARK Performance Gains The core reason behind this transition is the substantial improvement in SNARK proof performance for traditional hash functions. Previously, the Ethereum community focused on designing…

Bitcoin, the altcoins, and the broader financial markets face another eventful week, with geopolitical developments, key US labor data, major earnings reports, and fresh economic indicators all capable of influencing investor sentiment. The cryptocurrency market is in a fragile place once again. The weekend moves on the war front in the Middle East did little to boost $BTC and the alts higher, and Trump’s reassuring words about an upcoming deal for the Strait of Hormuz are taken with a grain of salt. Key Events in Focus The first market reaction was expected to be a larger one, after US President…

Augur has returned with a proposed resolution system and a two-month token migration test as prediction markets draw increased institutional scrutiny. According to a press release shared with crypto.news, the Lituus Foundation announced the relaunch alongside the Augur Lituus whitepaper, which outlines a settlement layer for prediction markets facing disputed outcomes. Under the proposed system, markets could resolve contested events without depending on a company, committee, multisignature wallet, or governance council. Rather than opening another trading platform, the foundation plans to offer the resolution layer as infrastructure that other prediction markets and protocols could use. Its design separates the process…

OKX is actively promoting its New Money App, emphasizing its commitment to user engagement. This initiative comes amid mixed signals in the broader crypto market, suggesting a strategic move to attract more users and retain existing ones. As highlighted in a recent tweet from OKX, the app aims to resonate with users checking their daily updates. This focus on community interaction could bolster OKX’s presence in a competitive landscape. source The Key Development The crypto market is currently displaying mixed signals, with various assets experiencing fluctuations that impact trader sentiment. OKX’s promotion of its New Money App stands out as…

Bitcoin is currently trading at $65,172, down 48.37% from its record highs. It has racked up losses for a significant portion of its holders, including its pseudonymous founder Satoshi Nakamoto. Satoshi’s wallets, which have been untouched since 2010, hold about 1.096 million Bitcoin according to Arkham data. This is currently worth $71.19 billion, a significant drop from when the Bitcoin price peaked. When the Bitcoin price reached an all-time high of $126,198 last year, its value would have been worth more than $138 billion. The current value of $71.19 billion represents a decline of about $67 billion, or a more…

GameSquare Holdings reported stronger second-quarter operations alongside a $7.83 million crypto-linked accounting loss. The gaming and creator-economy company ended June with $2.1 million in cash and $12.1 million of current promissory notes payable, making the availability of GameSquare crypto holdings central to the liquidity picture. The company’s Aug. 12 earnings exhibit listed 15,080.51 $ETH at June 30 and a rounded $25.9 million aggregate across $ETH, altcoin investments, and cash. Restricted cash of $2.36 million appeared separately. The combined pool had more reported value than the note principal, with most of that pool held in digital assets whose June pledge status…

Pump.fun transferred another 81,712 $SOL, worth roughly $6.15 million, to crypto exchange Kraken on July 18, 2026, according to on-chain analyst EmberCN. On its own, the move is just another wallet transfer. But in the context of slowing memecoin activity and weakening Solana network revenue, it offers another glimpse into how one of crypto’s biggest success stories is changing. Amidst the memecoin trend, Pump.fun emerged as one of the most popular apps on Solana, turning over millions in fees as users created and traded tokens. As trading opportunity slows down, however, the application continues to convert part of its revenue…

The FTX Recovery Trust, which is pursuing assets for the bankrupt exchange’s creditors, can keep trying to recover at least $1.76 billion that FTX alleges it transferred to Binance parties in a 2021 share repurchase. A July 24 ruling by U.S. Bankruptcy Judge Karen B. Owens preserved the core clawback claims against four Binance entities and Changpeng Zhao while dismissing separate claims tied to FTX’s collapse. The decision lets the case continue but does not establish liability or award money to the estate. According to the complaint, seven agreements executed July 15, 2021, repurchased Binance’s roughly 20% stake in FTX…