Author: NBTC

An on-chain analyst has flagged a wallet address associated with a suspected insider or market maker for the $LAB token, which recently moved 9.1 million $LAB tokens—worth approximately $720,000—to 10 newly created wallets. The transfer, executed about three hours before the report, has not yet been followed by any further transactions, including sales on decentralized or centralized exchanges. What the On-Chain Data Shows According to the analyst, the address in question had previously been linked to insider activity or market-making operations for $LAB. The dispersal of tokens across multiple fresh wallets is a common technique used to obfuscate subsequent selling,…

Coinbase has announced that users in Brazil can now buy and sell $USDC directly against the Brazilian real on Coinbase Advanced. In its Aug. 19 announcement, the company said the change removes a step in the trading flow and reduces BRL $USDC onramping costs by 85%. The rollout concerns direct BRL-to-$USDC access on Coinbase Advanced. Coinbase presented the launch as part of its expansion in Brazil, which it described as a significant crypto market. What is changing Rather than requiring an intermediate trade or conversion route, eligible users can trade $USDC directly in BRL on the Advanced platform. The company…

Bitcoin options traders have quietly dismantled their defensive positions heading into the Federal Reserve meeting — and the data suggests the market may be more exposed than it looks. According to Glassnode, bitcoin options trading patterns have shifted over the past month, with the put/call ratio on open interest falling to roughly 0.52 from about 0.76 in late June. That’s a significant rotation: fewer puts, more calls, and a market that has largely stopped buying insurance for the short term. Key takeaways The $BTC put/call ratio dropped from 0.76 in late June to approximately 0.52, signaling a sharp reduction in…

AI Financial Corp. has swapped ALT5 Sigma Canada for a secured note and restricted shares. As a result, only $1 million of note principal is due in the near term, while a separate, conditional $WLFI transferability window approaches. On Aug. 3, the company sold its indirect, wholly owned subsidiary to Prime Delta. Under the terms disclosed Aug. 7, AI Financial received a $12 million secured promissory note and 11,551,750 restricted Prime Delta shares. Prime Delta must pay the first $1 million of note principal on Aug. 11. Prime Delta must pay the remaining $11 million from 20% of its post-closing…

Over the past 24 hours, Shiba Inu ($SHIB) on-chain activity recorded a sharp 14.86% surge in transfer volume, coinciding with a local drop in the token’s price to $0.00000442. Fresh data from CryptoQuant and Etherscan show that while retail investors watch the price decline, the largest holders are using this moment to withdraw billions of $SHIB from trading platforms en masse. Blockchain metrics paint a rather anomalous picture: while daily growth in new wallets on the network is virtually zero (+0.004%), the volume of transferred tokens has surged, while the number of transactions itself has remained at its baseline level.…

$XRP’s struggle near $1 continues even as its peers display modest gains this week. The crypto asset is down by almost 10% over the past month. Despite the weakness, much more $XRP is being withdrawn than deposited across major platforms. Reserves Slide According to the latest analysis shared by CryptoQuant, $XRP reserves across Upbit, Binance, and Bithumb have fallen by roughly 240 million from their late-May and early-June levels, as of August 19. South Korean giant Upbit held 6.40 billion $XRP, down from 6.51 billion on May 30, which is a decline of about 110 million, or 1.7%. The figures…

Bitcoin price climbed back above $65,000 on July 27 as the pause in US-Iran strikes drove oil lower and restored demand for risk assets. Bitcoin price rises as US-Iran strikes pause Bitcoin was trading at $65,386 at the time of the July 27 chart, nearly unchanged for the day after moving between $64,892 and $65,744. The latest advance extended its recovery from the July 25 low near $63,700. The immediate catalyst came from the Middle East, where the United States and Iran refrained from attacking each other for a third consecutive day. Regional mediators reported progress toward an interim ceasefire,…

What this means: Strategy CEO Phong Le said the company has adjusted its approach after discovering that preferred stock investors put a premium on cash liquidity. Strategy now holds $4.75 billion in cash, providing about 2.7 years of dividend coverage, Le said in an interview on CoinDesk’s Public Keys with Jennifer Sanasie. Le said he initially assumed investors would value bitcoin highly because it is liquid and has appreciated significantly over time. But institutions and investors putting shorter-term money into Strategy’s products “value cash more,” he said. The context: The cash cushion is part of Strategy’s push to evolve beyond…

BitGo Korea has secured VASP registration from South Korea’s Financial Intelligence Unit, becoming the first local entity owned by an overseas crypto company to complete the process directly. Yonhap News Agency reported on Aug. 20 that the Financial Intelligence Unit, an agency under South Korea’s Financial Services Commission, had accepted BitGo Korea’s virtual asset service provider registration two days earlier. BitGo Korea plans institutional custody services Established in 2024, BitGo Korea chose to meet the country’s regulatory requirements through its own entity rather than acquire a company that already held VASP registration, according to the Yonhap report. The company plans…

Tether holds 97,141 bitcoin, enough to rank second among corporate holders if it were listed anywhere. It is not. There is no share, so there is no multiple, no premium, no discount, and no market referee on the largest private Bitcoin position in existence, funded by a business that earns more per employee than any company on earth. Every large corporate Bitcoin position in the world has a price attached to it, and not the price of the coins. Strategy has an mNAV. So does every listed treasury company, tracked in real time across a hundred names by analytics platforms…