Author: NBTC

Prediction markets give the Clarity Act a 37% chance of passing this year, Bernstein warns failure would trigger another selloff, and JPMorgan says further delays risk pushing tokenization off public blockchains entirely. Introduction The Clarity Act was supposed to be done by now. When the bill cleared the Senate Banking Committee in spring 2026, the expectation among lobbyists, analysts, and crypto executives was that a floor vote would follow before the summer recess. That expectation was wrong. The Senate prioritized other legislation, negotiations stalled over several unresolved provisions, and prediction markets dropped the odds of passage from above 70% to…

Trump Media and Technology Group’s (DJT) bitcoin holdings shrank during the second quarter of the year as falling crypto prices saddled the Truth Social parent with $360.6 million in losses in the first half of the year. The company held 9,477.16 bitcoin $BTC$64,066.96 with a fair value of $557.1 million as of June 30, according to its quarterly filing Monday. That’s down from 9,542.16 $BTC at the end of March, translating to a 65 $BTC decline in holdings through the quarter. Trump Media’s Crypto.com-linked cronos $CRO$0.04724 holdings remained unchanged at roughly 756.1 million tokens, but their fair value fell to…

Taiwanese singer and $NFT collector Jeffrey Huang, known online as Machi Big Brother, has sold Bored Ape Yacht Club (BAYC) $NFT #5717 for 8.3 $ETH (approximately $15,600), according to blockchain analytics firm Lookonchain. Huang originally acquired the $NFT three years ago for 34.17 $ETH, marking a significant loss on the asset. The sale appears to be part of a broader strategy to maintain his existing long position on Ethereum, as on-chain data suggests his available capital is running low. Details of the Sale and On-Chain Movements Lookonchain reported that the proceeds from the BAYC sale were likely used to fund…

GameStop has agreed to swap $1.4 billion of zero-coupon convertible notes for stock, a deal that would retire about one-third of its note principal if it closes. The resulting shareholder dilution will remain unknown until the company discloses the final share count. The company’s Aug. 3, 2026 filing covers about $400 million of notes due in 2030 and $1 billion due in 2032. If the transaction closes, GameStop would have about $1.1 billion of the 2030 notes and $1.7 billion of the 2032 notes remaining. Both series carry a 0% interest rate, which means that the exchange would not reduce…

Ripple Prime CEO Mike Higgins has shared the latest milestone for the prime brokerage firm in a recent X post. According to Higgins, Ripple Prime has been shortlisted for several ‘Prime Broker of the Year’ recognitions at the Hedge Week US Awards 2026, including Client Service, Specialist Markets, Start-up & Emerging Managers, and Technology. Proud to share that @Ripple Prime has been shortlisted for several ‘Prime Broker of the Year’ recognitions at the @Hedgeweek US Awards 2026, including Client Service, Specialist Markets, Start-up & Emerging Managers, and Technology. 💪🏼Thank you to our clients & partners for… — Mike Higgins (@mikehiggins)…

Taiwan’s Financial Supervisory Commission (FSC) is preparing to implement the Travel Rule for cryptocurrency transfers between local virtual asset service providers (VASPs) starting in October. According to a report from BlockTempo, the new measure will require individuals making single transfers exceeding NT$30,000 (approximately $1,320) to provide their date of birth and address, while corporate entities must submit an official identification number and registered address. What the Travel Rule Means for Crypto Users in Taiwan The Travel Rule, originally established by the Financial Action Task Force (FATF), aims to prevent money laundering and terrorist financing by ensuring that transaction information accompanies…

On-chain data indicates that $XRP outflows on Binance and Coinbase, two of the largest crypto exchanges, have diverged. While $XRP has struggled to gain momentum, new on-chain data shows a difference in the size of outflows on Binance and Coinbase. The findings come from a recent analysis by CryptoQuant analyst Amr Taha, who discussed $XRP outflow activity involving transfers of 100,000 $XRP and above. According to Taha, the structure of large $XRP outflows looked very different on the two exchanges on Aug. 3. He found that Binance and Coinbase followed very different patterns despite both recording substantial high-value transfers. Binance…

Bitwise CIO Matt Hougan expects Bitcoin to finish the year significantly higher. “Bad news has stopped moving the market,” Hougan said. “The sellers are gone. When bad news stops moving the market, that marks the bottom,” he added. Hougan also argued that institutional exposure to Bitcoin has continued to grow. According to the Bitwise executive, the amount of Bitcoin allocated by institutions under a conventional 1% portfolio-allocation framework has effectively risen to between 4% and 5%. Bitcoin’s largest holders are accumulating again In the meantime, data from blockchain analytics platform Santiment shows that the number of wallets holding at least…

Crypto finance company BIT (formerly Matrixport) assessed that a potential weakening of the US dollar and expectations of interest rate cuts could support both Bitcoin and gold prices. The analysis published by the company stated that macroeconomic conditions could simultaneously have a positive impact on both risky assets and gold, which is seen as a safe haven. According to BIT’s assessment, technical indicators suggest that gold prices may have entered a process of forming a significant bottom. Analysts state that the precious metal may be preparing for a new uptrend after its recent volatility. It is also predicted that Bitcoin…

Solana is drawing in new types of stablecoins, going beyond $USDT and $USDC. The additional liquidity shows the ecosystem is still growing, with inflows into DeFi and real-world asset (RWA) trading. Solana is expanding its supply of alternative stablecoins, with $4.81B in total. This liquidity is beyond the usual bridged and native supply of Tether’s $USDT and Circle’s $USDC. Solana stablecoins became more diverse in the past few months, with UDSGo leading new minting. | Source: Blockworks In total, Solana supports $15.15B in stablecoin liquidity, close to its upper range. The crypto market drawdown in 2026 has not removed liquidity…