Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Ethereum’s Early August Surge Meets Reality Check as Bears Eye Dip Below $4,000

Ethereum’s rally in early August drove the largest altcoin to a cycle peak of $4,793 by August 14, marking one of its strongest performances of the year. However, the sharp rise also triggered a wave of profit-taking, which has since put significant pressure on the asset and caused it to lose much of its recent gains. With selloffs intensifying in the derivatives market, ETH now faces the risk of a breakdown below the $4,000 price mark. ETH Faces Heavy Sell Pressure ETH’s price has been weighed down by the bearish tilt in sentiment among its derivatives traders. This is reflected…

EthereumAug 27

Asia’s wealthy investors direct liquidity into as Bitcoin rallies stoke interest

Wealthy families and investment offices across Asia are stepping up their involvement in cryptocurrencies, encouraged by strong market performance, wider adoption, and supportive regulatory moves in major financial centers. Wealth advisers say they are fielding more calls, trading platforms report heavier activity, and specialist funds are drawing steady inflows as wealthy investors look to add exposure. “We raised over $100 million in just a few months, and the response from LPs has been encouraging,” said Jason Huang, founder of NextGen Digital Venture. He said that his investors are primarily family offices and tech entrepreneurs who see digital assets becoming important…

RegulationAug 27

Vancouver Explores Bitcoin Taxes, Reserves, and Pool Heating

Vancouver may use Bitcoin mining heat to warm the Kitsilano Pool. The Mayor proposes Bitcoin taxes and reserves to strengthen city finances. Public input will guide decisions on pool heating and Bitcoin adoption. Vancouver might soon use Bitcoin mining for more than financial gain. City leaders are considering channeling the heat from mining rigs into the Kitsilano Pool, a beloved public swimming spot. The plan surfaced during the Learning Bitcoin conference, where Mayor Ken Sim joined conversations on weaving Bitcoin into municipal services. Imagine swimmers enjoying warm water powered by digital gold—an idea blending creativity with practicality and stirring excitement…

LegalAug 27

Play Solana to ship handheld gaming device in October

The Solana ecosystem is taking a leap into hardware with the forthcoming launch of its first handheld gaming console. Play Solana, a project dedicated to building a Web3 gaming device on the Solana blockchain, announced that it will start shipping its Play Solana Gen 1 (PSG1) device on Oct. 6. The device comes with gaming-ready specs, including an octa-core ARM processor, 8 gigabytes of RAM, WiFi and Bluetooth connectivity and a touch LCD display. It also includes a built-in hardware wallet and fingerprint authentication, allowing users to store crypto assets while playing games. It also launched a limited non-fungible token…

GameFiAug 27

DeFi Treasury Protocol ETH Strategy Deploys Over 50% of Its ETH for Yield

ETH Strategy, a DeFi protocol that mimics corporate treasury operations on-chain, is now deploying its ETH into yield-generating positions through a partnership with Etherfi, a non-custodial liquid staking protocol. According to an Aug. 18 blog announcement, allocations to partners like Etherfi are “intended to generate sustainable ETH-denominated returns as part of the ETH Strategy treasury program.” Users will get on-chain receipt tokens for each position, which act as a live, verifiable “proof of reserves,” ETH Strategy explained. ETH Strategy, which has over 11,000 ETH in its treasury, says the integration is “designed to sit alongside other DeFi venues as we…

EthereumAug 27

Major Pension Fund Unlocks $133M Crypto Investment

The financial world is buzzing with news that the California State Teachers’ Retirement System (CalSTRS), the third-largest U.S. pension fund, has gained significant CalSTRS Bitcoin exposure. This monumental move involves a $133 million investment through MicroStrategy (MSTR), signaling a pivotal moment for institutional adoption of digital assets. This development, first highlighted by The Bitcoin Historian on X, showcases how even traditional, large-scale investment vehicles are beginning to embrace the evolving financial landscape. Understanding CalSTRS’s Strategic Bitcoin Exposure Many might wonder how a teachers’ pension fund invests in Bitcoin. CalSTRS isn’t directly buying Bitcoin. Instead, they are investing in MicroStrategy (MSTR)…

RegulationAug 27

Telegram founder Pavel Durov says case going nowhere, slams French gov

Pavel Durov, founder of the messaging application Telegram, provided an update regarding his ongoing case in France, and said the criminal investigation against him is “struggling” to find any evidence of wrongdoing. Durov said his arrest by French authorities in August 2024 was “unprecedented” and added that holding a tech executive accountable for the actions of independent users was “legally and logically absurd,” in a Telegram post on Sunday. Durov added: “A year later, the ‘criminal investigation’ against me is still struggling to find anything that I or Telegram did wrong. Our moderation practices align with industry standards, and Telegram…

LegalAug 27

OKX Lists $WLFI Pre-Market Perpetuals as Tate Brothers Jump In

OKX Expands With $WLFI Pre-Market Perpetuals OKX, one of the world’s leading crypto exchanges, announced yesterday on its official X account that $WLFI — the native token of World Liberty Financial — is now available for trading on Pre-market Perpetuals. The new listing went live yesterday, August 23, marking a major step for both OKX and World Liberty Financial. Traders can now access: No expiry perpetual contracts Up to 5x leverage A seamless entry into one of the most talked-about DeFi projects of 2025. This comes at a time when traders are actively searching for new opportunities in volatile markets.…

ExchangesAug 27

Ether could face volatility as markets eye Powell at Jackson Hole

Key takeaways ETH is trading above $4,300, up by less than 1% in the last 24 hours. Investors will focus on Powell’s speech at Jackson Hole later today. Ether remains resilient despite bearish market conditions The cryptocurrency market has been volatile since the start of the week, and more volatility is expected over the next few hours. Traders are bracing for potential volatility ahead of Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Symposium. Bitcoin continues to trade around $113k while Ether is trading above $4,300, up by less than 1% in the last 24 hours. Ether’s…

EthereumAug 27

Loop Crypto raises round led by VanEck, Fabric Ventures

Stablecoin payments processor Loop Crypto raised a strategic round co-led by VanEck and Fabric Ventures, the firm exclusively told Blockworks. This brings the total funding raised by the firm to $6 million, but the team declined to give specifics on the most recent round. Co-founders Eleni Steinman and Shane van Coller noted that they — like many in crypto — couldn’t have foreseen the rapid rise in stablecoins. For Steinman specifically, Stripe’s acquisition of Bridge earlier this year showed that bigger players “see the value in rebuilding the payment rails and that it’s working…people really are choosing stablecoin payments because…

RegulationAug 27