Author: NBTC

10,000-coin allocation The Toronto-based firm will deploy a portion of the up to 10,000 bitcoins, worth about $628mn at current prices, that Bhutan’s King Jigme Khesar Namgyel Wangchuck committed to GMC’s development in December 2025, drawn from national holdings. Bhutan’s sovereign wealth fund, Druk Holding & Investments (DHI), held approximately 13,000 bitcoins at its October 2024 peak, according to Arkham Intelligence. Arkham-labelled DHI wallets have since fallen by more than three-quarters from that peak, to about 3,100 $BTC ($197mn) as of mid-May 2026 – a drawdown Arkham interprets as sales, but which DHI has publicly denied. Even so, the Kingdom…

Fundstart’s Tom Lee is confident that rotation into $ETH has already started. The setup for this rotation has been nearly a decade in the making, according to Lee. Is $ETH going to $10K? According to Tom Lee, $ETH could easily reach $10,000 within the next one or two years. The extremely bullish take is based on this assumption that $ETH will be able to become the settlement layer of the future. At the same time, he is confident that a proper DAT will be able to outperform the underlying asset. Lee has argued that Ethereum remains significantly undervalued relative to…

South Korea’s virtual asset market is undergoing a significant transformation, moving from a retail-driven landscape to one increasingly shaped by institutional participation, according to Andrew Park, CEO of FactBlock and organizer of Korea Blockchain Week. Park’s remarks, reported by Bitcoin.com News, highlight a regulatory and legislative push that could redefine how digital assets are traded and managed in one of Asia’s most active crypto markets. Regulatory Momentum Toward Corporate Participation Park noted that South Korean financial authorities are actively considering allowing corporate virtual asset accounts for approximately 3,500 listed companies and professional investors. This move would mark a departure from…

UK Court Winds Up Key Coin Assets The U.K. government announced on Aug. 18 that a London court had wound up Key Coin Assets Ltd. a week earlier. An investigation by the Insolvency Service, the U.K. government agency that investigates corporate misconduct and insolvency, found no evidence that the company carried out any of the crypto trading it advertised. Nine people who took their complaints to Action Fraud, the U.K.’s national fraud and cybercrime reporting center, paid the company more than £300,000 between them. Unauthorized investment schemes remain a live risk for U.K. savers, with Britain’s full crypto authorization regime…

The Bank of England has named NOBO Finance, Dun & Bradstreet and Polygon Labs as participants in the second phase of its Digital Pound Lab, where the consortium will test how stablecoins and a potential digital pound could interoperate to improve cross-border trade finance. The BoE’s Digital Pound Lab is an experimental platform that allows financial and technology companies to prototype potential products and payment use cases for a future digital pound, the UK’s proposed central bank digital currency (CBDC). Participants can use the simulated infrastructure to experiment with digital pound wallets, online and in-store payments, QR and NFC transactions,…

Strategy Liquidation Weighs on Early Sentiment Bitcoin nearly tapped $64,000 on Monday as the cryptocurrency looked poised to kick-start the new week on a high note after ending July with modest gains. Yet the cryptocurrency’s ascent to a daily peak of just above $63,900 was not straightforward. Market data show it initially trended downward, sliding from an earlier peak of around $63,650 to an intraday low of $62,216. The downward slide appeared linked to reports that Strategy had completed its third bitcoin sale of 2026, offloading 1,638 bitcoins between July 27 and Aug. 2. The company said proceeds were used…

Abraxas Capital, a major crypto investment firm, has opened a significant short position on Ethereum ($ETH) worth approximately $100.06 million on the Hyperliquid platform, according to blockchain analytics firm Lookonchain. The firm has been actively hedging this position by withdrawing 73,872 $ETH, valued at around $173.17 million, from the Binance exchange over the past four days. Position Details and Liquidation Levels Hyperscan data reveals that the $ETH short position carries a liquidation price of $3,946.19. This means that if Ethereum’s price rises to that level, the position would be automatically closed, potentially resulting in significant losses for Abraxas. The firm’s…

Bank of Russia Eases Requirements To Acquire Qualified Investor Status The Bank of Russia has eased the requirements needed to reach “qualified investor” status for expanded trading activities in the country. The institution announced that individuals can now become qualified investors by passing a test on financial and banking knowledge and obtaining a Qualifin Certificate from the National Finance Association (NFA) or a Moscow Exchange (MOEX) Investor Certificate, among other documents. “Holding any of these certificates is sufficient for a broker or a management company to recognise the individual as a qualified investor,” the bank declared. This changes the previous…

Bitcoin is holding near its 200-week moving average after buyers defended support around $62,000. The short-term rebound remains intact, but $BTC must clear resistance between $65,000 and $70,000 to confirm a broader bullish reversal. Bitcoin Tests Weekly 200MA as Major Resistance Builds Above Bitcoin is trading near its weekly 200-period moving average, leaving the market at a high-timeframe decision point after several weeks of limited momentum. Bitcoin Weekly Chart Tests 200MA Below Bull Market Support Band. Source: Daan Crypto Trades (@DaanCrypto) on X The weekly $BTC/USD chart places Bitcoin near $63,100, slightly below the weekly 200-period moving average around $63,548.…

The $ETH price prediction stays bullish as price pushes into a key resistance zone that’s capped every rally attempt since May, backed by accelerating ETF inflows and a wave of analysts calling for a structural shift in Ethereum’s performance against Bitcoin. Ethereum Price Analysis: Will $ETH Price Go Up After Testing $2,450 Resistance? Ethereum Price Analysis (Source: TradingView) $ETH surged sharply this week, breaking above a rising trendline connecting a series of higher lows since the June bottom near $1,520, and pushed straight into the $2,450 resistance zone that has capped every recovery attempt since May. Price touched a high…