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.
Bitcoin BTC$85,649.79 is not the only asset taking a beating this quarter. The Japanese yen (JPY) is also down 157.20 per U.S. dollar, a big move for a major fiat currency, prompting FX traders to await intervention from the Bank of Japan (BOJ) to stem the decline. But why are we discussing FX? It’s because, historically, yen weakness has been linked to risk-on sentiment — when traders borrow yen at low interest rates in Japan and convert it into other currencies, such as the U.S. dollar, to invest in higher-yielding assets. This activity puts downward pressure on the yen. A…
Tokenization specialist Ondo Finance’s native cryptocurrency was on the move on Monday as the U.S. Securities and Exchange Commission has ended investigation into the platform as U.S. regulators are clearing the path for tokenized real-world assets (RWA). The agency closed a “confidential” investigation that was started in 2024, during the previous SEC leadership helmed by Gary Gensler, without any charges, the Ondo team said in an X post. The agency’s investigation centered on whether Ondo’s tokenization of certain real-world assets complied with federal securities laws as well as whether the ONDO token was a security, an Ondo spokesperson told CoinDesk.…
Gemini is entering the prediction markets space. The Commodity Futures Trading Commission granted a Designated Contract Market license to Gemini Titan, an affiliate of the crypto exchange’s Gemini Space Station, Inc., enabling the exchange to offer event contracts to American customers. “Today’s approval marks the culmination of a five-year licensing process and the beginning of a new chapter for Gemini,” CEO Tyler Winklevoss said in a statement, crediting the Trump administration for “ending the Biden administration’s war on crypto.” Gemini is now set to compete with other prediction market giants Kalshi and Polymarket, with the latter receiving CFTC clearance…
Due to the US government shutdown being one of the longest in history and the Fed not being able to access important data or providing it late, interest rate expectations for December are falling rapidly. In the face of increasing uncertainty, Bitcoin (BTC) and cryptocurrencies were unable to sustain the recovery provided by NVIDIA and experienced another sharp correction. While Bitcoin fell to $85,000, Ethereum (ETH) fell below $3,000. Bitcoin and Ethereum ETFs face sharp price action This sharp decline was also reflected in ETFs, with Bitcoin and Ethereum ETFs experiencing significant outflows. According to data compiled by TraderT, US…
Canada’s CRA won a court order forcing Dapper Labs to hand over data on 2,500 users, marking a major escalation in the country’s crypto tax enforcement drive. Summary A Federal Court order compels Dapper Labs to share detailed information on 2,500 users after CRA narrowed an initial request covering about 18,000 accounts. CRA has recovered over C$100 million in unpaid crypto taxes since 2020, is creating a new financial crimes agency, and will adopt the OECD CARF in 2026. Canadian regulators, including FINTRAC, stepped up 2025 actions with major AML penalties on platforms like Cryptomus and KuCoin, tightening overall crypto…
Binance has announced it will support a two-stage upgrade and hard fork process on the BNB Smart Chain (BEP20) network to improve user experience. Binance will support the BNB Smart Chain (BEP20) Network Upgrade and Hard Fork Process. The company is preparing for technical works planned for December 16, 2025 and January 14, 2026. As the first phase, Binance will perform maintenance on BEP20 wallets on December 16, 2025, at 09:00. Therefore, deposit and withdrawal operations for tokens on the BNB Smart Chain network will be temporarily suspended as of 08:55 on the same day. The maintenance is expected to…
Texas is rapidly emerging as an epicenter of artificial intelligence-driven energy demand, with an unprecedented surge in large-load power requests, a wave now dominated by AI data centers rather than Bitcoin miners. The figures, highlighted in The Miner Mag’s latest newsletter and drawn from ERCOT’s new System Planning and Weatherization Update, point to a grid facing a fundamentally different kind of growth. ERCOT, the Electric Reliability Council of Texas, which operates the state’s independent power grid and oversees reliable electric service for about 90% of Texans, reported that its large-load interconnection queue has ballooned to 226 gigawatts of new requests,…
Ethereum is building steady upward momentum as market conditions shift in its favor, with price strength, derivatives activity, and exchange flows now pointing to a more constructive trend. The asset continues to recover from November’s lows, while traders increase exposure through futures markets. Moreover, exchange balances show a gradual supply reduction that may influence price behavior in the coming weeks. This combination offers a clearer view of how Ethereum’s market structure is evolving as 2025 nears its close. Price Structure Shows Steady Improvement Ethereum reclaimed short-term moving averages and broke above the $3,247 level, which acted as a key barrier…
BitMine Immersion Technologies, the world’s largest corporate Ethereum (ETH) holder, is now facing over $4 billion in unrealized losses on its ETH holdings. The firm’s drawdown reflects wider turmoil for digital asset treasury (DAT) companies, prompting new questions about the sustainability of this business model. BitMine’s Mounting Losses Create ‘Hotel California’ Scenario In a recent disclosure released earlier this week, BitMine revealed that it held nearly 3.6 million ETH, equivalent to approximately 2.97% of Ethereum’s supply. The company is steadily approaching its long-stated goal of accumulating 5% of all ETH. However, its treasury is increasingly feeling the strain from the…
US crypto investors have just three weeks to finalize any sales before historic new IRS changes to cost basis reporting come into effect. For 2025 transactions, centralized exchanges aren’t required to include cost basis information in their Form 1099-DA filings. In 2026, this changes. Through December 31, 2025, the IRS merely requires centralized exchanges like Coinbase and Gemini to report digital asset sales using the form. This requirement first appeared in the 2021 Infrastructure Bill as a way to improve tax compliance among users of centralized exchanges. Any US taxpayer who sells digital assets like bitcoin (BTC), ether (ETH), or…