Author: NBTC

Hong Kong-based digital asset firm OSL Group has reported a substantial increase in its first-half financial results, with revenue climbing 65.8% year-over-year to HK$7.1 billion. The company’s adjusted net profit also rose by 75.5% to HK$42.2 million, according to a report from The Block. This performance underscores a broader recovery and growing institutional interest in digital assets within the region. Financial Highlights and Growth Drivers The significant uptick in revenue can be attributed to a combination of factors, including increased trading volumes on OSL’s platform and a favorable regulatory environment in Hong Kong. The city’s Securities and Futures Commission (SFC)…

Bitcoin returned above $65,000 on Tuesday as a rebound in Asian technology stocks restored some risk appetite after last week’s semiconductor selloff. At the time of writing, crypto.news price data showed $BTC trading around $65,245, up 1.23% over 24 hours and 5.02% over seven days. Trading volume stood near $32.18 billion. The broader crypto market also moved higher. Crypto.news showed Ethereum near $1,901, XRP around $1.11, Solana at $77.73, BNB near $571 and Hyperliquid around $62.49. Dogecoin traded near $0.073. The gains followed a sharp reversal across Asian equity markets, where South Korea’s Kospi rose 4.7%, Japan’s Nikkei gained 2.8%…

The NYSE-listed closed-end fund C1 Fund (NYSE: CFND) has added decentralized prediction market platform Polymarket to its investment portfolio, bringing its total number of cryptocurrency-related holdings to 11 as of the second quarter. The fund, which focuses on private and public digital asset companies, disclosed the addition in its latest regulatory filing, expanding from seven crypto-related positions at the end of last year. Expanded Crypto Portfolio C1 Fund’s cryptocurrency-related portfolio now includes Alchemy, BitGo, Blockchain.com, Chainalysis, ConsenSys, Figment, Fireblocks, Kraken, Polymarket, Ripple Labs, and Uphold. The fund’s move reflects a continued institutional appetite for digital asset infrastructure, analytics, and trading…

Eightco Holdings carried a $207.6 million cumulative unrealized loss on its position in Worldcoin’s $WLD token at June 30 as the customer responsible for about 99% of its operating revenue deteriorated, creating two distinct pressure points for Eightco’s $WLD treasury and operations. The company held 283.45 million $WLD with a $322.7 million cost basis and a $115.1 million fair value, according to its Aug. 7 quarterly filing. $WLD accounted for 50.5% of Eightco’s $228.0 million digital-asset portfolio. The company reported no operating revenue from the portfolio during the period. Those numbers are a June 30 accounting snapshot, not a current…

The UK House of Lords backed an amendment requiring the government to develop a digital asset strategy, in a 194–138 vote on Wednesday, despite the Labour government’s opposition to the measure. The amendment was added to the Financial Services and Markets Bill during its Report Stage on Wednesday. The bill is progressing through Parliament and would make broader changes to the UK’s financial services regulatory framework. Amendment 88, introduced by Conservative peer Baroness Neville-Rolfe, would require the Treasury to prepare, publish and consult on a digital asset strategy within 12 months of the Financial Services and Markets Bill becoming law.…

Binance is enhancing user engagement by promoting BNSOL and WBETH for flexible staking rewards. This development allows users to earn without relinquishing liquidity, making it a significant offering in the competitive crypto landscape. The implications for user retention and engagement are noteworthy as more traders seek adaptable investment strategies. For further details, check the official tweet here. Inside the Move The broader crypto market is currently showing mixed signals, with varying momentum across major assets. Binance’s focus on BNSOL and WBETH reflects a strategic response to user demand for flexibility in staking options. This initiative aligns with a growing trend…

Bitcoin, the leading cryptocurrency, has been in the spotlight for investors in recent days, exhibiting a strong recovery. While some analysts in the market suggest the uptrend may continue, others predict further declines. In this context, expert analyst Peter Brandt, with over 50 years of market experience, made a noteworthy prediction, stating that the current bear market in Bitcoin is not yet over and that the bottom has not been reached. In a recent interview, Brandt predicted that the $BTC bear market would bottom out on October 4th. According to the experienced analyst, $BTC could continue its current downtrend, falling…

Binance founder Changpeng Zhao, widely known as CZ, has publicly revised his previous skepticism about real-world asset (RWA) tokenization, signaling a more optimistic outlook for the sector. Speaking at the EASY Residency program, an incubation initiative hosted by YZi Labs (formerly Binance Labs), Zhao highlighted growing demand for tokenized assets, ranging from U.S. Treasuries to stock tokens like bStocks. From Skepticism to Optimism For years, CZ had expressed doubts about the practical viability of RWA tokenization, questioning whether traditional assets could be effectively represented and traded on blockchain networks. However, his recent remarks indicate a significant shift in perspective. He…

General Updates NeoPod launched a quest-based platform that rewards users with $GAS for completing social tasks and in-platform challenges. No sign-up forms or KYC are required to participate. Users start by connecting a wallet or registering with an email address and can begin earning $GAS on the Neo X blockchain. Pixudi joined NeoPod‘s fifth community AMA, which covered Pixudi’s development history, its use of NeoFS for decentralized storage, the game’s free-to-play philosophy, and plans for an expanded multiverse of game boards. World of Elements posted its second GrantShares update, describing new wallet login support and an NFT skin shop built…

The U.S. Securities and Exchange Commission has proposed replacing decades-old transfer agent rules with a framework that would recognize blockchain ledgers as official securities ownership records. SEC proposal could remove duplicate ownership records The SEC said its proposed transfer agent overhaul would recognize electronic databases, including distributed ledgers, as systems that can hold the official record of securities ownership. The change would update rules created before blockchain-based securities entered U.S. capital markets. Under many current tokenization models, an on-chain token does not serve as the final legal record of ownership. Transfer agents and issuers instead maintain a separate shareholder register…