Author: NBTC

The world of digital assets just got a significant shake-up! Cango Inc. (NYSE: CANG), a company traditionally known for its automotive services, has made a bold move, stepping firmly into the realm of cryptocurrency with a major acquisition. They recently announced the purchase of a fully operational 50-megawatt Bitcoin mining facility in Georgia for a substantial $19.5 million. This strategic investment, often referred to as a landmark Cango Bitcoin acquisition, marks a pivotal moment for the company, signaling a clear push towards owning energy infrastructure and expanding its footprint in the burgeoning crypto sector. Why Cango’s Bitcoin Mining Facility Acquisition…

Chainlink has teamed up with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, to bring foreign exchange and precious metals pricing data to blockchain networks. The partnership adds ICE’s Consolidated Feed, a dataset sourced from over 300 exchanges and marketplaces worldwide, to Chainlink Data Streams, which serve over 2,000 on-chain applications, financial institutions and infrastructure providers. By incorporating ICE’s data, Chainlink aims to deliver pricing feeds that meet the accuracy and latency requirements of traditional capital markets. That standard could help support a new generation of tokenized assets, automated settlement systems and other institutional-grade blockchain applications.…

Cryptocurrency analysis firm CryptoQuant announced that Ethereum’s circulating supply has reached a historic record, exceeding 121 million ETH. This level came almost three years after the network reached a supply of 120 million ETH on August 22, 2022. Ethereum currently generates approximately 2,500–3,000 ETH per day. This indicates a stable issuance rate despite protocol changes and upgrades over time. However, the circulating supply is determined not only by issuance but also by the staking mechanism. Every ETH deposited into a staking contract is removed from circulation, slowing net supply growth and acting as a brake on token inflation. Currently, the…

According to Reuters, the Indonesian Ministry of Finance announced that the tax rate on cryptocurrency transactions will be increased starting August 1. According to new regulations from the Indonesian Ministry of Finance, cryptocurrency transactions will be taxed starting August 1, and transactions made on overseas exchanges will be taxed at a higher rate. The tax rate for sellers on domestic platforms will be increased from 0.1% to 0.21%, and for sellers on international platforms, the rate will be increased from 0.2% to 1%. The value added tax (VAT) on Bitcoin and cryptocurrency mining will also rise from 1.1% to 2.2%.…

At 3:15 p.m. Eastern time, ethereum’s price stands at $4,250, supported by a market capitalization of $510.70 billion and a 24-hour trading volume of $32.21 billion. The day’s intraday range has fluctuated between $4,172.29 and $4,315.64, reflecting the heightened volatility and active participation across time frames. Ethereum The daily ethereum (ETH) chart reveals a strong bullish rally extending from approximately $2,500 to the recent peak at $4,336. However, the current price action shows a small red candle after this significant upward movement, suggesting possible short-term exhaustion. Key support lies between $4,000 and $4,050, marking the last consolidation area, while resistance…

James Wynn, one of the high-profile traders on Hyperliquid, deposited a total of $1.28M to Hyperliquid to defend his positions during a turbulent month, and lost almost all of the funds to liquidations. James Wynn kept defending risky positions on Hyperliquid, costing him a total of $1.28M for the past month. During the market turbulence in July, Wynn had to post additional collateral to avoid full liquidation. Despite this, Wynn has been liquidated on most of his BTC longs, which were made just as BTC prices peaked. The positions were closed after Hyperliquid had a 27-minute outage of its API…

Floki’s blockchain MMORPG, Valhalla, is now running on national television across the United States. Over the next 60 days, Bloomberg, Fox Business, and CNBC will air 350 Valhalla commercials, reaching millions of households. Floki’s P2E MMORPG Valhalla Takes Over U.S. Airwaves! ⚔️ (Bloomberg, Fox Business, CNBC)Today, August 9th at 6:30 PM EST, the @ValhallaP2E 30-second commercial makes its debut during the Valhalla interview on New To The Street.For the next 60 days, Vikings will dominate… pic.twitter.com/jhJAp1Q8nY — FLOKI (@FLOKI) August 9, 2025 The campaign began on August 9 at 6:30 PM EST with a 30-second commercial debut during a Valhalla…

Ethereum ($ETH) has been one of the standout performers this month, breaking above $4,300 before easing slightly to the current $4,223. While some traders worry this is the start of a deeper correction, the technical outlook suggests it could be a healthy pullback before a bigger rally toward $5,000. Ethereum Price Chart Analysis Today The 4-hour ETH/USD chart shows a strong rally from early August, breaking through multiple resistance zones, including $3,838.9, which is now acting as key support. ETH is trading well above both the 50-day SMA ($3,756) and the 200-day SMA ($3,507), confirming that the bullish trend remains…

VERT Capital, a Brazilian credit structuring and securitization firm, plans to tokenize up to $1 billion in debt and receivables on the XDC Network , expanding the scope of public blockchain use in structured finance, the firms told CoinDesk.As part of the deal, the firms will move financial instruments such as corporate debt, agribusiness receivables and structured credit products on-chain over the next 30 months. The migration shifts VERT’s existing securitization work, which includes clients like Cargill, Santander and Raízen, towards digital issuance with a blockchain-based infrastructure designed to meet regulatory and audit requirements. “Our goal is to transform traditional…

Ethereum (ETH) has been outstanding this August to say the least, but according to pro-XRP lawyer John E. Deaton, the rally itself is not the real story — it’s the opportunities that he believes the market is offering right now. In his view, buying ETH for under $5,000 in August 2025 would be more “asymmetrical” — meaning the potential upside far outweighs the potential downside — than buying it three years ago, despite prices now being well above $4,000. Deaton’s reasoning ties back to a similar prediction he made in April when Bitcoin was trading at around $94,000. At that…