Author: NBTC

Ethereum short traders lost hundreds of millions of dollars Friday as ETH came within inches of breaking past its all-time high price, but ultimately failed to rise to the occasion. In the last 24 hours alone, over $259 million worth of ETH short positions have been liquidated, according to data from CoinGlass. Another $80 million in long positions on the cryptocurrency have expired as well—bringing the total value of ETH liquidations in the last day to over $340 million. That figure makes up over half of all liquidations across the entire crypto market in the last 24 hours. Just north…

Expectations regarding the Fed’s interest rate policy are once again in the spotlight. Rick Rieder, CIO of BlackRock Global Fixed Income and head of the Global Allocation team, said on Fox Business that he expects the Fed to cut interest rates in September. “My guess is that the Fed will deliver a message about maintaining economic stability. However, the current data, particularly the slowdown in employment, creates a favorable environment for a rate cut,” Rieder said. Rieder stated that interest rates are currently higher than they should be, adding, “Personally, I think a faster and stronger cut is possible. Even…

The National Association of Attorneys General (NAAG) has written to 13 AI firms, including OpenAI, Anthropic, Apple and Meta, demanding stronger safeguards to protect children from inappropriate and harmful content. It warned that children were being exposed to sexually suggestive material through “flirty” AI chatbots. “Exposing children to sexualized content is indefensible,” the attorneys generals wrote. “And conduct that would be unlawful—or even criminal—if done by humans is not excusable simply because it is done by a machine.” The letter also drew comparisons to the rise of social media, saying government agencies didn’t do enough to highlight the ways it…

Cryptocurrency exchange Bitpanda is “looking much closer” into a public listing than previously, co-founder Eric Demuth said in an interview with the Financial Times. Demuth ruled out London as a likely venue for a public market debut, despite the crypto exchange’s recent expansion of U.K. operations. The lack of liquidity in share trading is putting Vienna-based Bitpanda off seeking a listing on the London Stock Exchange (LSE), he said. “Currently, everybody’s moving away from the LSE,” Demut said. “Liquidity-wise, the LSE is not doing too well.” He added that a listing in New York was more likely, based on the…

This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Ethereum researchers published a new protocol update today, outlining a multi-pronged strategy to expand blob throughput for layer-2 scalability while maintaining decentralization and censorship resistance. Following on from Protocol Update 001, this update details how PeerDAS, the centerpiece design for the upcoming Fusaka upgrade, will permit nodes to sample rather than fully download blob data. This enables up to eight times higher throughput without significantly increasing hardware requirements. Between major upgrades, “Blob Parameter Only” (BPO) forks will incrementally raise blob limits, while bandwidth…

Fed Chair Jerome Powell is set to speak at the Jackson Hole Economic Symposium for the last time since being appointed to the position by then-President Donald Trump in 2017. Powell will deliver a speech that will be closely followed by global central bankers at an event to be held at Jackson Lake Lodge in Wyoming tomorrow at 17:00 (UTC+3). Powell’s seven Jackson Hole speeches to date have covered a wide range of topics, from the history of monetary policy to employment targets, from inflation-fighting strategies to pandemic-era support promises. Each speech has been a highlight, offering clues about the…

HSBC was fined $537,683 by regulators in Hong Kong for disclosure lapses after an investigation by Hong Kong regulators. Based on a joint investigation from the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority, the bank did not properly flag investment-banking ties with companies listed in Hong Kong in over 4,200 research notes issued between 2013-2021. The case began as a self-report by HSBC and led to a combined probe by the two regulators. Investigators said the shortcomings stemmed from weak mapping and data reporting across HSBC’s systems, which in turn meant required disclosures did not appear…

Brad Garlinghouse, chief executive officer at enterprise blockchain firm Ripple, recently took to the X social media to show off his new XRP card. An XRP rewards credit card out in the world?! What a time to be alive, XRP family…Use the special edition @Gemini card for everyday purchases, and earn up to 4% XRP back. https://t.co/arz9v68S0Z pic.twitter.com/ck5KgKlaZK — Brad Garlinghouse (@bgarlinghouse) August 25, 2025 As reported by U.Today, Gemini released its XRP credit card on Monday. The card, which offers up to 4% cash back on various products and services, was released due to the price massive gains recorded…

Ethereum News: ETH Wakes Up After Weeks of Consolidation After weeks of sideways trading and false starts, $Ethereum has roared back to life with a sharp rally. The second-largest cryptocurrency by market cap surged 12.47% in a single move, sending ETH to $4,752. Traders are now focused on one crucial level: the $4,800 breakout zone—a threshold that could trigger historic price discovery. Ethereum price over the past 24 hours – TradingView This sudden rally has reignited bullish sentiment across the crypto market, with many asking if this is the breakout they’ve been waiting for. ETH Price Surges Toward Price Discovery…

Block Earner announced on August 18 that it has raised $5.14 million in a Series A funding round led by CMCC Global’s Titan Fund, with support from King River Capital. Australia’s First Bitcoin-Backed Home Loan Australian provider of crypto-backed loans, Block Earner, announced on Aug. 18 that it had successfully closed a $5.14million (A$8 million) Series A funding round led by CMCC Global’s Titan Fund, with participation from King River Capital. The capital injection will fuel the company’s domestic growth and support its early-stage expansion into international markets. This latest round brings the lender’s total funding to $9.63 million, following…