Author: NBTC

Despite Ethereum’s [$ETH] prolonged price weakness, holders have continued moving more supply into staking rather than withdrawing. Total staked $ETH rose from roughly 36 million in early 2026 to a record 41.9 million, even as the dominant altcoin fell toward $1,800. Source: CryptoQuant This steady increase suggests lower prices have not weakened the incentive to lock $ETH for yield. Since staking is absorbing additional Ethereum supply through this downtrend, it also reduces the immediate amount available for trading. Source: CryptoQuant More importantly, recent inflows near 28,700 $ETH remain below earlier spikes above 200,000 $ETH, showing accumulation has become less aggressive.…

Circle (CRCL) shares rose about 10% in premarket trading Wednesday after the stablecoin issuer reported second-quarter earnings that topped profit expectations, even as revenue came in slightly below Wall Street forecasts. The company posted adjusted earnings of 18 cents a share, beating analysts’ consensus estimate of 16 cents, while revenue and reserve income rose 7% from a year earlier to $701 million, missing expectations of $712 million. Net income from continuing operations reached $48 million, topping analysts’ estimates of $43 million, while adjusted EBITDA climbed 8% to $143 million. $USDC, Circle’s dollar-backed stablecoin, continued to expand. Circulation reached $73.3 billion…

Avalanche’s (@avax) on-chain fundamentals kept improving through the first half of 2026, with daily transactions and stablecoin supply both well above where they were a year ago. The odd part is that $AVAX has not followed. The token trades near $6.60 for a market cap of around $2.85 billion, a long way from its old highs. That split between how much the network is used and what its token is worth is the real story heading into the back half of the year. Two metrics carry most of the weight here: transaction counts and stablecoin supply. Both point in the…

On Tuesday, August 4, the US Court of Appeals for the Second Circuit turned down Sam Bankman-Fried’s (SBF) appeal to overturn his conviction and 25-year prison sentence. The former FTX founder and CEO was convicted of several counts of fraud, conspiracy, and money laundering in March 2024. He was sentenced to 25 years in federal prison and ordered to forfeit $11 billion in financial penalties. He also gets 3 years of supervised release at the end of his prison term (year 2044). In the latest court proceedings, Bankman-Fried’s lawyers argued that the 2023 trial was unfair and biased. They also…

BitGo Holdings launched BitGo Link on Aug. 3, giving institutional trading and treasury teams one interface for viewing and moving capital held across BitGo and connected cryptocurrency exchanges. The New York Stock Exchange listed digital asset infrastructure provider described Link as a centralized control layer for external exchange accounts. It allows clients to monitor buying power, initiate transfers and manage user permissions without signing into each venue separately. The product connects with BitGo’s wider custody, settlement and prime brokerage services. However, BitGo did not disclose Link’s fees, customer numbers, supported assets or a complete list of connected exchanges in its…

Bitcoin’s supply distribution is tilting further toward larger players as the number of wallets holding at least 10,000 $BTC reached 90 for the first time in six months. The shift marks a net addition of six such elite addresses over the past eight weeks, a 7.1% rise that has drawn the attention of on-chain analysts. According to the Santiment update, the move coincides with a noticeable contraction among smaller holders, whose micro wallet balances have been declining through August. This supply rotation is not happening in a vacuum. Retail sentiment has soured in recent weeks, driven by a pair of…

Fidelity is preparing to add staking and quarterly cash payouts to its Fidelity Ethereum Fund (FETH), one of the largest spot ether ETFs in the U.S. FETH, with $898 million in net assets, could stake as much as 100% of its ether under normal conditions, though Fidelity set no minimum, according to an amended registration statement. The fund would keep some $ETH available for redemptions, expenses and other liquidity needs. The shift follows an IRS safe harbor bulletin issued in November 2025 that lets qualifying crypto trusts stake assets without losing their grantor-trust tax status. Fidelity would join Grayscale and…

Bank reserves fell $77.579 billion on a weekly-average basis last week ending July 29. Days later, the US Treasury borrowing estimate for July through September rose by $68 billion. The overlap puts Bitcoin’s liquidity setup under scrutiny. Several forces moved across the Fed’s balance sheet, blurring any direct line from Treasury cash to the reserve decline. The US Treasury borrowing estimate released on Aug. 3 puts the end-September cash balance at $950 billion. Against its May 4 baseline, the headline increase is $68 billion. Strip out the $19 billion higher starting balance, and the revision grows to $87 billion, driven…

Grayscale has filed a registration statement with the US Securities and Exchange Commission to launch an exchange traded fund that would hold Worldcoin’s $WLD token directly. The proposed Grayscale Worldcoin ETF would seek to list on Nasdaq under the ticker GWLD. Its shares would track the value of the $WLD held by the trust using the CoinDesk Worldcoin Benchmark Rate, minus fees and other expenses. Grayscale has not yet disclosed the fund’s management fee, initial seed investment or the amount of $WLD represented by each share. Those fields were left blank in the prospectus and are expected to be completed…

Jay Clayton, the former U.S. Securities and Exchange Commission (SEC) chairman who authorized the agency’s landmark lawsuit against Ripple, has officially been sworn in as the new U.S. Director of National Intelligence (DNI). The swearing-in ceremony was announced Tuesday by White House Special Assistant Margo Martin after Clayton secured Senate confirmation in a narrow 51-47 vote. He now becomes the nation’s top intelligence official. Clayton will be responsible for overseeing the U.S. intelligence community after succeeding Tulsi Gabbard. Clayton’s Ripple legacy For the cryptocurrency industry, however, Clayton’s name remains closely associated with the notorious lawsuit against Ripple, On Dec. 22,…