Author: NBTC

Two major cryptocurrency investment firms, Multicoin Capital and Bitwise, have deposited a combined $8.74 million worth of $HYPE tokens into Coinbase, according to on-chain data from Lookonchain. The transactions, which occurred over the past 10 hours, have drawn attention from market observers who view exchange deposits as a potential precursor to selling. Details of the Deposits Lookonchain reported that Multicoin Capital transferred 137,100 $HYPE tokens, valued at approximately $7.51 million, to Coinbase Prime. Separately, Bitwise deposited 22,463 $HYPE tokens, worth roughly $1.23 million, to Coinbase about nine hours ago. The timing and size of these transfers have prompted analysts to…

According to a Monday report by the Mainichi, the English version of one of Japan’s largest news outlets, Prime Minister Sanae Takaichi, the country’s highly popular leader, has denied being associated with a recently launched cryptocurrency token that was named after her. The cryptocurrency, which has been dubbed “Sanae Token,” has made it clear that she was not aware of the token’s existence during her appearance in the lower house of the National Diet of Japan. Countless tokens named after prominent figures are not going to surprise or impress anyone, given the process of creating your own cryptocurrency requires very…

Bitfinex has rolled out StablePay, enabling instant payments with $USDT. This launch allows customers to deposit and withdraw $USDT tokens directly on the Stable platform. As highlighted by the crypto commentator @bitfinex, this advancement could significantly increase $USDT’s utility in everyday transactions, further integrating it within the broader crypto ecosystem. The Latest The launch of StablePay comes amid a mixed sentiment in the broader cryptocurrency market, where many assets are trading sideways. The capability for instant $USDT payments could attract more users to Bitfinex, potentially enhancing liquidity and trading volume. As traders focus on efficient transaction methods, the utility of…

Texas Gov. Greg Abbott ordered the Public Utility Commission and ERCOT to audit every data center project seeking a grid connection before regulators approve any new projects. The order puts AI infrastructure tied to Bitcoin miners under scrutiny, while the audit verifies each project’s power sourcing, water use, cooling plans, and ownership. The order covers roughly 474 GW of pending connection requests, and Abbott said about 90% of that demand comes from data centers. That figure runs more than five times the grid’s record peak load. ERCOT paused its Batch Zero transmission-planning study once the order landed, and a separate…

LayerZero is no longer just a protocol for moving crypto between blockchains. The interoperability network says it has processed more than $200 billion in value across 165 blockchains, making it one of the largest pieces of infrastructure connecting the digital asset economy. That scale is drawing comparisons beyond crypto. LayerZero’s historical transaction volume now exceeds the roughly $62 billion sent annually through the US-Mexico remittance corridor, the world’s largest single remittance route. While the two figures measure different things—LayerZero reports cumulative value transferred, whereas remittance data is annual—they illustrate how blockchain settlement networks are approaching the scale of major payment…

Bitcoin extended its recovery on Monday, climbing above $66,700 and posting a strong daily gain. The latest rally has improved market sentiment and pushed the cryptocurrency closer to a key technical resistance zone. However, several analysts remain cautious as historical price patterns and the upcoming Federal Reserve meeting continue to weigh on expectations. $BTC traded at $66,266 at press time, up 0.7% over the past 24 hours. Additionally, the asset gained 4.8% during the last seven days. The move lifted Bitcoin’s market capitalization to roughly $1.34 trillion while daily trading volume exceeded $36.7 billion. Analysts Highlight Repeated Monday Weakness Market…

U.S. spot Ethereum exchange-traded funds (ETFs) recorded approximately $53.1 million in net inflows on Aug. 4, reversing a one-day outflow, according to data from Farside Investors. The rebound was driven primarily by BlackRock’s ETHA, which attracted $42.5 million, while Fidelity’s FETH added $9.3 million. Fund-Level Breakdown BlackRock’s iShares Ethereum Trust (ETHA) led the inflows with $42.5 million, followed by Fidelity’s Ethereum Fund (FETH) with $9.3 million. Other spot Ethereum ETFs, including those from Bitwise, Grayscale, and VanEck, reported no net flows for the day. The combined net inflow marks a positive shift after a single session of net outflows, indicating…

The European Central Bank is moving the digital euro from planning into testing, with dozens of payment companies joining the next stage of the project. The ECB selected 36 payment service providers (PSPs) to participate in a digital euro pilot, according to an official announcement published Tuesday. The list of selected PSPs includes fintechs Stripe and Revolut alongside traditional banks including Deutsche Bank, UniCredit and BPCE. Revolut has recently adjusted some cryptocurrency services for EU users by phasing out support for Tether USDt. The pilot comes as governments take different approaches to digital currencies. While Europe is expanding testing of…

Zcash founder Zooko Wilcox has publicly denied recent allegations that the circulating supply of $ZEC, the native token of the privacy-focused blockchain, had been secretly manipulated. In a post on X (formerly Twitter), Wilcox directly addressed growing community concerns, asserting that the token supply had not been covertly increased and that any user can independently verify the current figures. Allegations and Immediate Response The allegations, which surfaced within the cryptocurrency community, suggested that $ZEC’s supply may have been tampered with, potentially undermining the token’s scarcity and value. Some critics had claimed that verifying the true supply could take months or…

On a show that averages 4.1 million viewers across TV and online channels, a prominent comedian and political commentator didn’t hold back in laying out the Trump connections to digital assets. Oliver painted crypto as being the family’s main business concern, outpacing real estate. Whereas Trump initially called Bitcoin a scam and flagged crypto as a ‘disaster waiting to happen,’ he has reinvented himself now as the ‘first crypto president.’ His recent financial filings show his personal income exceeds $2.2 billion in his first year back in office, $1.2 billion of which is from crypto. The President and First Lady…