Author: NBTC

Negative trading fees are rare in crypto. They are practically unheard of outside futures markets, where makers get tiny rebates for providing order-book depth. Offering users cash back on spot trades of traditional finance assets is a different play entirely. That is exactly what $HTX runs now. On August 5, the exchange launched the second phase of its TradFi Trade to Earn campaign, the original announcement confirms, bringing negative fee rates to 28 handpicked TradFi assets and dangling an $80,000 prize pool for participants. The structure is built to pull traders who normally sit on broker platforms. By letting them…

Volatility and Liquidation Trends Bitcoin remained under pressure Tuesday, more than 24 hours after the revelation that Strategy sold 1,690 bitcoins to fund the repurchase of its preferred stock, which sent the cryptocurrency tumbling. While bitcoin initially appeared to have strong support just below $64,000, market data show it lost momentum after breaching that level. This trend continued from Monday night until shortly before 4 a.m. EST on Aug. 11, when a rally pushed prices past $64,400 around 8:15 a.m. However, the rally was short-lived, as the cryptocurrency shed more than $1,000 over the next three hours, plummeting to an…

Sharplink (NASDAQ; SBET) has reported a $394.3 million net loss for the second quarter of 2026 despite an elevenfold jump in its revenue. The loss on the company’s balance sheets is due to non-cash writedowns on its Ethereum treasury. Sharplink’s stock (SBET) has also taken a hit, falling 6%, How did SharpLink lose $394 million? Sharplink reported a $321.0 million unrealized loss on its Ether as $ETH prices fell during the second quarter of 2026. The company’s earnings release also showed a $76.1 million impairment on two liquid staking tokens, LsETH and weETH. Both figures are accounting marks under U.S.…

Hut 8 reported over $7 billion of cash, restricted cash, and cash equivalents at June 30, but its Aug. 4 quarterly filing shows that only $233.6 million was unrestricted and available for general corporate use. The other $6.8 billion, or 96.7% of the total, was restricted. That distinction makes Hut 8’s headline balance a misleading measure of the company’s flexible liquidity if its large AI data-center projects run late or over budget. Hut 8 held $7.02 billion in cash at June 30, but 96.7% was restricted to project financing and related obligations. The restricted balance principally consists of proceeds from…

COZ distributed 498 $NEO across six developer tooling contributions in round 2.9 of Proof of Working 2.0, the grassroots rewards program recognizing open-source ecosystem work outside traditional grant pathways. The round brings cumulative distributions to 5,577 $NEO across nine rounds since the program’s January relaunch. All six contributors recognized in round 2.9 have received awards in previous rounds, reflecting sustained engagement from the program’s developer community. The awarded projects span governance visibility, vesting usability, wallet integration, deployment workflows, local development environments, and real-time contract event monitoring. Governance visibility, vesting tools Fireche received recognition for two projects. Gasetta is an AI-assisted…

The US Court of Appeals for the Second Circuit issued a formal mandate upholding the conviction and sentence of former FTX CEO Sam “SBF” Bankman-Fried, reducing the number of potential opportunities for being released from prison early. On Tuesday, the Second Circuit filed a mandate following its June 12 ruling affirming a lower court decision convicting the former CEO on seven felony counts and sentencing him to 25 years in federal prison. Three circuit judges disputed Bankman-Fried’s claims in appeals that FTX had “sufficient liquidity to ensure that investors were made whole and would not experience any losses” and also…

Upbit will add Block Street ($BSB) to its Korean won, Bitcoin and $USDT markets on Aug. 7, giving the token three new spot pairs in South Korea. According to Upbit’s official listing notice, the exchange scheduled trading for 3:00 p.m. Korea Standard Time and said deposits and withdrawals would initially be supported only through Ethereum. 신규 디지털 자산 블록스트리트($BSB) 거래지원 안내✅ 지원 마켓: KRW, $BTC, $USDT 마켓📅 거래지원 개시 시점 : 2026-08-07 15:00 KST 예정🔗공지 바로가기:https://t.co/4dv2uwnLvw#Upbit #$BSB@BlockSt_HQ pic.twitter.com/WdsEE0qJ4J — Upbit Korea (@Official_Upbit) August 7, 2026 Upbit also warned that the trading start could be delayed if adequate liquidity is not…

U.S.-listed Bitcoin treasury company Hyperscale Data (GPUS) reported that it held 961.2678 $BTC as of Aug. 9, valued at approximately $62.3 million at that time. The company confirmed it made no purchases or sales of Bitcoin between Aug. 3 and Aug. 9, marking a week of no trading activity. Background on Hyperscale Data’s Bitcoin Strategy Hyperscale Data, formerly known as a data center and GPU infrastructure firm, has pivoted to a Bitcoin treasury model, following a growing trend among public companies to hold Bitcoin as a reserve asset. The company’s holdings of nearly 1,000 $BTC place it among the smaller…

Ethereumu2019s price has barely budged from $1,870, but underneath that surface calm, wallet-level activity has exploded. Onchain data from the Santiment update on August 10 showed 989,500 daily active addresses moving on Ethereum u2014 the highest single-day tally since March. The sudden spike contrasts sharply with the lack of immediate price momentum, suggesting that capital is being redeployed across the network rather than fleeing it. The climb in user activity isnu2019t happening in a vacuum. Spot $ETH ETF demand has been slowly rebuilding after weeks of tepid flows, and Robinhood Chainu2019s Ethereum-settled operations have added a new high-velocity use case.…

CFTC Chairman Michael Selig said regulators must give financial innovation room to lead as the global derivatives market enters a new phase of development. Selig rejects restrictive derivatives rules Writing in The Economist, Selig argued that regulators should avoid importing or copying rules that could limit competition and prevent new financial products from reaching the market. “The new era of finance needs innovation, not consensus,” Selig said. Derivatives, including futures, options and swaps, allow companies, farmers, investors and financial institutions to manage risk and allocate capital. Selig placed the global notional value of those contracts above $1.2 quadrillion, with markets…