Author: NBTC

Bitcoin ETFs continued their five-day streak of outflows, shedding over $1.1 billion in the past week as investors de-risk ahead of U.S. Federal Reserve Chairman Jerome Powell’s final address at Friday’s Jackson Hole symposium. This widespread sell-off in risk-on assets has coincided with a 10% crash in Bitcoin’s price since its August 14 all-time high of $124,545. U.S. equities have also suffered a similar fate, with the S&P 500 index down 1.72% since its own high on August 13. The large-scale de-risking across ETFs and cryptocurrency markets can be attributed to a concerning inflation data released in August, leading to…

Key Takeaways President Trump used a rare statutory clause to fire Federal Reserve Governor Lisa Cook over alleged misconduct. Cook is the first sitting Fed governor in modern history to be removed by a president, raising questions about presidential power over the central bank. President Donald Trump has dismissed Federal Reserve Governor Lisa Cook from her position under a rarely invoked statute that permits the removal of central bank officials “for cause.” In a two-page letter dated August 25, Trump said he had determined that Cook’s involvement in alleged mortgage fraud warranted immediate removal. Cook, a Biden appointee and the…

Base’s sports prediction app Football.Fun saw its reached $100 million in market cap within just two weeks after its initial launch. Summary Base-supported Football.Fun has reached $100 million in Total Value Locked two weeks after launching. The platform lets traders bet on players through fractional share ownership and get rewards based on their players’ performance in the league. In a recent post, Football.Fun shared that it has surpassed $100 million in Total Value Locked in less than two weeks, courtesy of the 10,738 active wallets that have made use of the sports prediction platform’s features. First launched on August 11,…

Shares of ETHZilla (ETHZ), formerly known as biotech firm 180 Life Science, fell nearly 30% Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible shares. The offering sparked concerns about dilution, a process where existing shareholders’ stakes lose value as more stock enters the market. For investors, it means their ownership slice shrinks, even if the company’s overall value doesn’t change. After the issuance of new shares, the outstanding shares of the company will rise by about 46% to 239.3 million from 164.4 million, according to the filing. The company won’t receive any proceeds…

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. BlackRock’s $366M crypto transfer signals potential selling pressure as Bitcoin touched 112K before recovering. TORICO surged on Gentosha’s partnership for Web3 expansion. Fed Chair Powell’s Jackson Hole speech tonight adds market uncertainty. BlackRock Crypto Transfer Signals Potential Selloff BlackRock moved $366 million worth of Bitcoin and Ethereum to Coinbase Prime yesterday. Transferring 1,885 BTC and 59,606 ETH to the exchange suggests potential selling pressure. Such institutional moves to trading platforms typically indicate preparation…

US lawmakers are still seeking to tighten the anti-money-laundering controls in the GENIUS Act. The Senate Banking Committee aims to finalize the CLARITY Act by September 30. Anti-CBDC Surveillance State Act and Senate Crypto Market Structure Bill also expected to pass by the end of September. In the past few weeks, the US Congress has pushed through several crypto bills, including the GENIUS Act, CLARITY Act, and the Anti-CBDC Surveillance State Act. President Donald Trump has already signed the GENIUS Act into law, while the other two bills are now waiting for approval in the Senate. Looking ahead, September is…

Capital.com, the contracts for differences (CFDs) broker owned by billionaire Viktor Prokopenya, might be planning to launch physical cryptocurrency services. Capital.com Looks for a “Head of Technology – Digital Assets” The broker is hiring a “Head of Technology/Tech Lead – Digital Assets” whose responsibility will be “to lead engineering across our digital assets product suite.” Viktor Prokopenya, Founder of Capital.com The job post further detailed: “You’ll work closely with the Digital Assets Product Director to deliver reliable and scalable crypto infrastructure, supporting everything from on-chain wallet flows to fiat conversions and trading execution.” Read more: IG Group to Offer Crypto…

Ethereum has had a rough week, slipping almost 6.2% in the past seven days. Most analysts have been calling for further correction, but the token has managed to steady itself. Over the past 24 hours, the Ethereum price is up a small 0.1%, trading in neutral territory. While this move alone doesn’t change much, a mix of on-chain and chart signals suggests something more interesting may be building. Short-Term Holders Step Back In One sign of renewed strength comes from short-term wallets. These are addresses that typically hold ETH for a few days or weeks before selling. After weeks of…

Saifedean Ammous, economist and author of the best-selling book The Bitcoin Standard, criticized Argentina’s President Javier Milei for his economic performance, highlighting the failed bond rollover despite one of the highest interest rates in history. Ammous believes that the country will likely default, as it owes over $40 billion to international institutions. Bitcoin Standard Author Saifedean Ammous Blasts Milei’s Economic Miracle Not everyone agrees with the so-called economic miracle that Argentina is currently experiencing due to the economic policies of President Javier Milei. Saifedean Ammous, economist and author of The Bitcoin Standard, the best-selling crypto book, took to social media…

South Korea is racing against time to regulate stablecoins. The regulators are finalizing stablecoin legislation while industry players urge faster regulatory clarity to compete globally. A seminar held on Monday at the National Assembly in Seoul gave a glimpse of the state of the industry. Regulators Push Legislation Since RedoPay, a Hong Kong company’s crypto payment service, launched in Korea last May, there has been a wide discussion in the industry that foreign-issued tokens like USDT (Tether) are already being used in everyday transactions, while domestic projects remain stalled by legal uncertainty. The seminar speakers expressed concerns that the country…