Author: NBTC

Singapore has opened online bidding for the first 624 luxury items forfeited in its S$3 billion, or roughly $2.37 billion, money laundering case. Hotlotz said in its auction announcement that bidding for both sales began on Sep. 7. The Singapore auction house was appointed by Deloitte Singapore to sell forfeited luxury goods through a series of 15 auctions running from September 2026 to May 2027. The first sale covers handbags and accessories and closes on Sep. 20. A separate jewellery sale closes on Sep. 27. According to Channel News Asia’s report on the sales, the two groups of items carry…

Adjusted $USDC transfer volume reached $32 trillion in 2026 through Coin Metrics’ August measurement, with each dollar of supply turning over 741 times at an annualized rate. Those figures signal reach and settlement intensity. Circle’s second-quarter revenue, however, remained dominated by yield on the assets backing $USDC. For the three months ended June 30, reserve income supplied $667.7 million of Circle’s $701.3 million in total revenue and reserve income, or 95.2%. Transaction revenue was $5.3 million. Volume is a usage signal; balances and yields still determine most of Circle’s revenue base. Arc, Circle’s blockchain infrastructure scheduled for a Sept. 16…

The market is signaling that Bitcoin could be vulnerable to more volatility. According to a recent Glassnode report, $BTC saw strong realized profit-taking around $65k, while hot capital increased and sell-side pressure started building. These signals suggest Bitcoin’s move toward $70k could face more resistance before a breakout. Notably, other on-chain metrics are showing a similar trend. As the chart below shows, Bitcoin’s 30-day Spot demand recovered sharply to around -80k $BTC in early July but has since weakened again to nearly -170k $BTC. This shows that Spot demand is losing momentum, while analysts are warning that a lack of…

Ethereum ($ETH) is gaining momentum after a sharp post-CPI move pushed $ETH toward $2,667, putting the $2,700–$2,800 region back in focus. The rally has also been accompanied by a nearly 14% rise in transactions above $1 million, pointing to heavier whale activity as volatility returns. With institutional flows adding another layer to the setup, traders are now watching whether $ETH can hold its breakout structure and extend the recovery, or whether profit-taking turns the latest surge into another short-lived move. Whale Activity Accelerates as CPI Triggers $ETH Repricing Ethereum’s latest move came with a notable jump in large-holder activity. Transactions…

Stablecoin payments company Kast has launched a platform combining business accounts, payment cards, cross-border transfers and yield-bearing balances on stablecoin rails. Kast said its KAST Business platform allows companies to receive funds through fiat virtual accounts provided by regulated partners, deposit supported stablecoins and crypto, issue virtual cards and make local payouts in more than 20 currencies. The company said it serves more than 170 countries, although availability varies by jurisdiction. The platform offers up to 8% annual percentage yield on idle balances, which Kast says is generated through short-term US Treasurys and stablecoin yield, alongside up to 3% cashback…

$XRP Ledger version 3.3.0 launched in the past week, with its upgrade progress across the entire network now in focus. In this context, RippleX software engineer Mayukha Vadari has provided an important clarification on an update progress metric. The conversation began when an X user posted that XRPL UNL validators have met the ‘Sufficiently Updated’ threshold of 80% on version 3.3.0 of XRPLD, hoping for amendment voting to gain traction. That prompted a question from $XRP community member @offledger, who asked whether the “Sufficiently Updated” consideration applies to the entire network rather than only validators. The original poster suggested that…

The Commodity Futures Trading Commission has launched at least three previously unreported investigations into suspected insider trading on Polymarket, according to a recent report from WIRED. The probes cover event contracts linked to pardons granted by former President Joe Biden, Iran and Google’s 2025 Year in Search rankings. Gloria Stocks in one app, crypto in another, wallets everywhere? Gloria Finance brings your whole portfolio into one view.See it all together → CFTC Chairman Michael Selig approved the first investigation in early May, which followed an NPR report about a trader who earned more than $300,000 from pardon-related markets after correctly…

Two cryptocurrency exchanges operating in South Korea, Guardian Holdings and CoreDAX, were found to be without insurance coverage as of Aug. 14, according to data disclosed by the Financial Supervisory Service (FSS) and reported by Maeil Business TV. The information, requested by lawmaker Park Sang-hyuk of the Democratic Party, was provided on Sept. 2 and highlights a potential gap in investor protection within the country’s digital asset market. Background: Insurance lapse at Guardian Holdings and CoreDAX Both exchanges had previously held insurance policies providing 500 million won (approximately $370,000) in coverage for one year, starting July 19 of last year.…

Bitcoin’s surge from around $64,000 to over $66,000 in just two days has sparked debate about whether a new bull trend has begun in the cryptocurrency market. The on-chain analytics platform CryptoQuant, however, reported that the recent move was supported more by leveraged trading than strong spot demand. According to CryptoQuant’s analysis, the brief negative turn in funding rates on July 18-19 caused a squeeze for investors who had taken short positions in Bitcoin. The rally that began with the closing of short positions continued with the entry of new leveraged trades into the market. Along with the rise in…

Ethereum [$ETH] saw sharp volatility after reclaiming $2,500 and climbing to $2,600 before falling toward $2,400. At press time, it traded near $2,524, up 2.26% daily and 2% weekly. The pullback coincided with large-holder selling, yet Exchange Supply presented a more complicated picture. Is Wintermute selling Ethereum? Lookonchain reported that Wintermute deposited 61,847 $ETH worth $160.3 million into Binance and Coinbase. The transfer raised selling concerns, but an exchange deposit does not confirm a sale. Market makers regularly move inventory between venues for liquidity provision and operational purposes. Source: Arkham If intended for liquidity provision, the transfer may not represent…