Author: NBTC

Cryptocurrency users, an important update from Upbit has just emerged. The leading South Korean exchange has announced a temporary Upbit Polygon suspension, halting all deposits and withdrawals on the Polygon network. This critical development, citing an unspecified network issue, impacts users relying on Polygon for their transactions. What Exactly Caused the Urgent Upbit Polygon Suspension? Upbit’s official statement points to an ‘unspecified network issue’ as the primary reason for the temporary halt. While the exact technical details remain undisclosed, such suspensions are often a precautionary measure. Exchanges implement these to safeguard user funds and maintain network integrity when they detect…

Yunfeng Financial Group (0376) joined the ranks of publicly listed firms to adopt an ether treasury strategy, buying 10,000 ETH for $44 million. Hong Kong-based Yunfeng Financial, a provider of financial services such as insurance, brokerage and asset management, is majority owned by Shanghai-based private equity firm Yunfeng Capital, which was co-founded in 2010 by Jack Ma, who also co-founded Ant Group and Alibaba. The ETH purchase, announced on Tuesday, forms part of Yunfeng’s expansion into Web3, real-world assets (RWAs), digital currency and artificial intelligence (AI), which it unveiled in July. Yunfeng Financial said the ether will reduce its reliance…

Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. Chinese institutions rapidly adopt MicroStrategy-style digital asset treasuries despite regulatory complexities. Gate Exchange plans a compliant Japanese market entry by year-end, targeting high-penetration regions. Web3 finance transformation accelerates across APAC markets with institutional backing. Has China Joined Crypto Treasury Strategy? ABCDE co-founder Du Jun noted that Chinese institutions were half a beat slow on Digital Asset Treasury strategies, also dubbed as MicroStrategy models. However, he said that they have rapidly caught up and…

The U.S. Department of Justice (DOJ) is charging two Chinese tech firm executives with crimes related to a securities fraud case. In a new press release, the DOJ is alleging that Lai Kui Sen and Yan Zhao masterminded a scheme to defraud American investors using the stock of Ostin Technology Group (OST). According to the authorities, Sen, the firm’s co-chief executive, and Zhao, a financial advisor, orchestrated a pump and dump scheme involving OST, netting them over $100 million. The indictment alleges that on April 15, 2025, the defendants sold millions of shares to co-conspirators at a heavily discounted price,…

The cryptocurrency world is buzzing with anticipation as South Korean exchange Korbit makes a significant announcement. Get ready for the highly anticipated Ethena (ENA) listing, set to go live on September 10th at 3:00 a.m. UTC. This strategic move by Korbit, a key player in the Korean crypto market, signals exciting new opportunities for traders and could bring fresh liquidity to the Ethena ecosystem. For those eager to diversify their portfolios, this listing offers a compelling new option to explore. Ethena (ENA) Listing: What’s the Hype About? Ethena is an innovative synthetic dollar protocol built on the Ethereum blockchain. It…

Spot Ethereum exchange-traded funds took in about $3.9 billion in August while U.S. Bitcoin ETFs posted roughly $750 million in net redemptions. The split extends a summer stretch in which Ethereum funds have consistently drawn capital since late July, as Bitcoin products saw intermittent outflows. The rotation follows a record July for Ethereum vehicles, with about $5.4 billion in net inflows that brought cumulative investor demand close to parity with Bitcoin funds for the month. Momentum accelerated into mid-August, including the first single day above $1 billion of net creations for spot ETH ETFs on Aug. 11, according to VettaFi.…

Issuers of crypto exchange-traded funds should carefully consider which cryptocurrencies to offer exposure to in their funds, as most of the crypto market is “pretty sketchy,” says REX Financial CEO Greg King. “Crypto gets pretty sketchy below the top 10, certainly below the top 20,” King told Bloomberg’s ETF IQ on Monday. “There’s some significant picking and choosing that has to happen by issuers there,” he added. King added that he didn’t think there would be “a huge explosion” in ETF filings for various cryptocurrencies but predicted “a lot of funds per coin.” ETF issuers have rushed to get approval…

According to reports, new evidence severely undercuts President Trump’s campaign to fire Fed Governor Lisa Cook. With the FOMC meeting a few days away, Trump probably won’t be able to change its composition in time. The market is already confidently predicting that the Fed will cut US interest rates in the next few days. Still, Cook’s continued presence will maintain Fed independence and prevent Trump’s radical restructuring. Documents Support Fed Governor In the last few months, President Trump has considered drastic action to impose a cut to us interest rates, even aiming to fire Fed Chair Jerome Powell. Although Powell…

A significant event recently unfolded in the crypto world, capturing the attention of investors and market watchers alike. An address linked to the prominent Chinese investment firm, Longling Capital, executed a substantial Longling Capital Binance Deposit, moving millions in various digital assets to the leading exchange. This move, totaling approximately $14.7 million, has naturally sparked considerable discussion about its potential implications for the market and the firm’s strategic outlook. What Exactly Was the Longling Capital Binance Deposit? Roughly three hours ago, according to on-chain analytics from Onchain Lens, an address associated with Longling Capital made a notable transfer to Binance.…

Although Ethereum is still trading somewhat strongly above $4,300, a closer examination of on-chain activity shows that whale accumulation and larger network inflows are not aligned. Whale address 0x4ED0 has added to an aggressive buying spree that started Aug. 11 by purchasing an additional 5,553 ETH (worth $24.44 million) in the last 40 minutes. This one address has since amassed 18,447 ETH ($81.05 million) at an average price of $4,417 and 1,357 WBTC ($160 million) at an average of $117,547. Borrowing for ETH The whale borrowed $114.02 million USDT after the tokens were promptly deposited into Aave, indicating a highly…