Author: NBTC

CMB International Securities, a unit of China Merchants Bank, has launched virtual asset trading. The service, available through its mobile app, lets qualified investors trade Bitcoin, Ethereum, and USDT anytime. The round-the-clock feature mirrors the nonstop pace of crypto markets. It also marks CMBI’s first major step into digital finance. Investors can now access three of the world’s most traded digital assets directly and securely. First Chinese Bank-Linked Firm with License CMBI is the first securities arm of a Chinese bank to secure a license in Hong Kong for crypto trading. This milestone reflects a clear shift. Traditional finance is…

Bitcoin (BTC) has long surpassed its previous ATH of 2021 and is breaking record after record. While BTC is at the center of the market with its performance, Ethereum (ETH) fell behind not only Bitcoin but also other altcoins with its weak performance. While Ethereum still hasn’t surpassed its previous ATH of 2021, it has seen a massive rally in recent months. This rise strengthens expectations of ETH reaching a new ATH soon, with one analyst announcing a major bullish forecast for ETH. Pseudonymous cryptocurrency analyst Yashasedu said that based on past bull market trends, Ethereum could surge above $8,500…

Block Inc., led by Jack Dorsey, lifted its full-year gross profit outlook after delivering a stronger-than-expected second quarter. The jump was powered by Cash App’s lending growth and steady payment volumes across its platforms. The company had previously forecast $9.96 billion in gross profit for 2025. News of the appointment caused Block shares to rise 8% in after-market trade in New York on Thursday. Cash App, Block’s peer-to-peer payment and banking platform, pulled in $1.50 billion gross profit for the quarter—an increase of 16% YoY—topping an expected $1.42 billion by analysts. The signature player here was Borrow, a short-term lending…

US Securities and Exchange Commission (SEC) Chairman Paul Atkins reiterated that he is taking a more moderate approach to cryptocurrency regulation compared to the previous administration. SEC Chairman Paul Atkins: “Very Few Token Securities” Atkins noted that only a “very small number” of crypto assets could be considered securities. “The token itself is not a security, and probably not. In my opinion, very few tokens are securities. The key here is how the token is packaged and presented to investors,” Atkins said at the Wyoming Blockchain Symposium on Tuesday. This announcement follows the SEC’s launch last month of its “Project…

Brian Armstrong, the chief executive officer of the largest US-based cryptocurrency exchange, Coinbase, has made a significant statement for the crypto community. It seems that Armstrong is copying Elon Musk’s playbook, applying it to Coinbase. Working hard on building “the everything exchange” The Coinbase CEO took to his account on the X social media platform to announce that the team continues to work hard on building the “Everything Exchange,” as he referred to the platform he plans to transform Coinbase into. According to Armstrong, the Coinbase team “surged” in New York, making “progress on the Everything Exchange.” They worked from…

Ethereum (ETH) could be on the verge of smashing its all-time high this month, with advanced AI models forecasting prices above $5,000 by August 31, 2025. Finbold’s AI price prediction tool powered by machine learning models GPT-5, Claude 3.5 Sonnet, and Grok 3 Vision, alongside a suite of technical indicators including MACD, RSI, stochastic oscillators, and both the 50-day and 200-day moving averages, now places Ethereum’s average projected price at $5,067. That represents an 8.42% upside from the current market level of $4,696.5. Each of the models shows strong conviction that Ethereum will maintain its bullish momentum. Claude 3.5 Sonnet…

United States President Donald Trump has signed an executive order that will allow Americans to add digital assets like Bitcoin and Ethereum to their 401(k)s, which are retirement accounts. While this development caused a rise in the cryptocurrency markets, analysts say that this could open the door to a long-term rally. Tom Dunleavy, Head of Ventures at Varys Capital, stated that this decision could generate billions of dollars in investment flows into digital assets. “When Americans receive their biweekly paychecks, typically a 1% to 10% cut is transferred to their 401(k) accounts,” Dunleavy said, noting that this money has traditionally…

In the fast-paced world of digital assets, staying informed about exchange announcements is paramount. A significant update for Injective (INJ) holders has emerged from South Korean crypto exchange Bithumb, which recently announced a temporary suspension of INJ deposits and INJ withdrawals. This measure supports an upcoming network upgrade for the Injective blockchain, aiming to enhance its performance and security. Understanding the Injective (INJ) Suspension on Bithumb Bithumb, a prominent crypto exchange, made this announcement via its official website, detailing the specific timeline for the service interruption. Starting at 09:00 UTC on August 19, users will temporarily be unable to move…

A significant development is reshaping the European financial sector. The European Banking Authority (EBA) has finalized a groundbreaking decision, imposing a colossal EBA crypto capital charge on banks. This move will fundamentally alter how EU financial institutions approach their exposure to unbacked digital assets like Bitcoin and Ether, signaling a new era for crypto regulation within traditional finance. What Does This Unbacked Crypto Assets Rule Really Mean for Banks? The EBA recently concluded its work on new standards under the Capital Requirements Regulation III (CRR III). These finalized rules, released earlier this week, mandate that EU banks assign an extraordinary…

New data compiled by widely followed crypto correspondent Wu Blockchain highlights the monthly performance of the top-ranking crypto exchanges in the derivatives market. Among the exchanges that performed best in terms of monthly change, KuCoin recorded the biggest improvement. KuCoin Leads in Futures Trading Volume in July KuCoin had the largest one-month change among the top 11 exchanges according to Wu Blockchain’s CEX Data Report in July. In June, KuCoin registered a futures trading volume of $51.5 billion. By the end of July, this figure had surged to $87.79 billion, marking a 70.8% month-over-month (MoM) growth. Cumulatively, the derivatives market…