Author: NBTC

By Omkar Godbole (All times ET unless indicated otherwise) As the crypto market reels under U.S. stagflation concerns, traders on the decentralized platform Polymarket are seeing a more than 50% chance of bitcoin prices dropping into five figures before year-end. Shares in the Yes side of Polymarket’s “Will bitcoin dip below $100K before 2026” contract traded at 55 cents, implying a 55% probability. That pricing looks justified against the backdrop of recent economic data. “With both manufacturing and services ISMs now weaker than the most bearish forecasts, the market is coming to terms with something darker: Job growth could be…

Crypto exchange OKX is bringing its latest yield product, On-chain Earn, to Singapore. It is offering Accredited Investors in the city-state a streamlined way to stake and earn on their digital assets through a regulated platform. This comes amid Singapore’s sudden crackdown on unlicensed crypto exchanges. It has forced firms serving overseas clients to shut down or relocate. However, the digital assets market went on to touch new highs lately, flashing signs of the bull run to continue after a minor halt. Accredited Investors have been looking to grow the value of their digital assets but found no time to…

Saudi Arabian bank, Saudi Awwal Bank (SAB), a Riyadh-based Saudi joint stock company in which global banking group HSBC owns a minority stake, has announced the world’s first Islamic Repo on blockchain in partnership with Oumla, a secure, scalable blockchain infrastructure provider for businesses, enterprises, and governments. The blockchain-enabled Islamic Repo allowed SAB to lend to other banks in compliance with Islamic finance principles using blockchain to make the process faster, safer and more transparent. The implementation comes months after SAB’s virtual assets Summit. Proud to deliver KSA’s 1st Islamic Repo on blockchain with Oumla & our key partners —…

Ethereum price rallied over 19% in the past week. With the price now only 12% below its all-time high, traders are watching for potential signs to gauge direction as the market heads into a pivotal week. Summary Ethereum has gained over 19% in the past week, and is trading just 12% below its all-time high. Spot Ethereum ETFs recorded a record $1 billion in net daily inflows Key U.S. economic data set to be released this week could shape ETH price trajectory. Ethereum (ETH) breached the $4,000 resistance level earlier this week for the first time since December last year.…

Tokenized stocks may be approaching a tipping point as investor demand for blockchain-based financial products surges, potentially accelerating the adoption of traditional assets onchain. Tokenized stocks, which are part of the growing real-world asset (RWA) tokenization sector, reached a $370 million market capitalization by the end of July, according to a Wednesday Binance Research report shared with Cointelegraph. The lion’s share, $260 million, was attributed to Exodus Movement (EXOD) shares issued through Securitize. Excluding this figure, the market capitalization of tokenized stocks rose to $53.6 million, marking a 220% monthly increase since June. Tokenized stocks are seeing the same pace…

Major US cryptocurrency exchange Gemini appears to be on track to release an XRP-themed card, according to its Thursday post on social media. The exchange has placed a billboard in a busy commercial area of Manhattan in order to promote the new product, which is slated to be released on Aug. 19. As reported by U.Today, Gemini recently teased the “next era” of XRP rewards ahead of the Thursday reveal. Prepare your bags. pic.twitter.com/PuZPmaZXwZ — Gemini (@Gemini) August 21, 2025 That said, the most recent announcement has attracted some backlash from the exchange’s Bitcoin-centric users, who have slammed the exchange…

Federal Reserve Vice Chair for Supervision Michelle Bowman has called for banks to embrace blockchain technology or risk losing relevance. At the Wyoming Blockchain Symposium on Aug. 19, Bowman emphasized that regulators and banks must adopt a more proactive approach to the crypto industry. She pointed out that integrating these new innovative technologies would be crucial for maintaining relevance in a rapidly evolving financial landscape. She said: “It is essential that banks and regulators are open to engaging in new technologies and departing from an overly cautious mindset. Regulators must understand new products and services and recognize the utility and…

Open interest in Ethereum surged to nearly $60 billion Tuesday, with traders rushing to stake out positions on the cryptocurrency as it comes the closest it has in years to reaching a new all-time high price. Ethereum last set an all time high of $4,878 back in November 2021. ETH currently sits at $4,289, up nearly 17% on the week. Some $57.31 billion in derivatives positions are currently open and pending on ETH’s future price, according to data from CoinGlass. Open interest in Ethereum futures contracts is now within range of the all-time high of $58 billion it set on…

According to The Financial Times, China is eyeing a yuan (aka renminbi) stablecoin for both internal and external use, but as even The Financial Times article makes clear, no one knows how it would work or why the Chinese Communist Party (CCP) is so keen to create one. While the piece does make clear that the CCP is “arguing that the success of dollar-backed tokens is cementing the US currency’s dominance in the global economy,” it fails to identify how a tightly controlled renminbi stablecoin could either exist or impede the continuing US dollar global hegemony over the financial system.…

Bit Mining Limited announced plans to rebrand as SOLAI Limited, reflecting a strategic shift from cryptocurrency mining toward building onchain intelligent financial infrastructure within the Solana landscape. Bit Mining Unveils Plan to Rebrand as SOLAI The company, currently traded on the NYSE as BTCM, will seek shareholder approval to change its name and adopt the new ticker symbol “SLAI.” This move signals an evolution from a pure-play miner into a broader digital assets company focused on blockchain infrastructure and decentralized finance (DeFi). This transformation is centered on the Solana ecosystem. Bit Mining had previously announced it had purchased 27,191 solana…