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.

Why Wall Street is bracing for a correction in stocks

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Yesterday I wrote about how stocks were on the recovery path after last week’s disappointing data. I also said I wasn’t sure how long the rally would last. Go figure, US equities and cryptos are back in the red today. In the first few hours of trading, the S&P 500 was trading 0.5% lower while the Nasdaq Composite had lost 0.6%. BTC was 2% lower over the last 24 hours at that time. Some of the biggest names on Wall Street say stocks have further to…

RegulationAug 22

Bybit Reveals How Much Shiba Inu (SHIB) It Owns, Talk About Trillions

Bybit's newest proof of reserves drew the attention of Shiba Inu (SHIB) fans to one number: 2,943,549,207,720 Shiba Inu tokens. That is roughly three trillion coins held on the second largest crypto exchange, confirming that SHIB is still a top player when it comes to user balances. The snapshot, the 25th in Bybit’s audit series, covered holdings across multiple blockchains. Nonetheless, with its trillions, SHIB towered above the rest, making every other balance look small in comparison. The update also provided an updated look at how the larger coins have moved over the past three weeks. Bitcoin holdings climbed 5.61%…

ExchangesAug 22

Architect Bets Credit Will Outshine Crypto Equities as It Builds a Web3 Moody’s

Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. The maturing digital assets market that has sophisticated market making, capital markets, and decentralized finance, is still lacking one key market infrastructure to compete with traditional finance: an institutional-grade credit agency. Architect aims to change this by launching crypto's first institutional-grade credit ratings service, similar to traditional finance's Moody's – because most TradFi ratings agencies just…

RegulationAug 22

Coinbase CEO Hails XRP Perpetual Futures Launch as Great Progress

Coinbase CEO Brian Armstrong applauds the exchange’s move to add XRP and Solana to its perpetual futures offering in the United States. For context, Coinbase recently added XRP and Solana to the list of supported assets for perpetual-style futures. Notably, the inclusion of XRP and Solana raises the total number of assets available for perpetual futures to four. The San Francisco-based exchange launched the perpetual futures offering for U.S. customers last month, with initial support for Bitcoin and Ethereum. Less than a month after this launch, Coinbase has now expanded the offering to include XRP and Solana. Reacting, Coinbase CEO…

ExchangesAug 22

Ethereum core dev 'safe and free' after being detained in Turkey

Ethereum core developer Federico Carrone, known as “Fede’s Intern” on X, confirmed he has been released after being detained in Turkey for 24 hours over alleged links to a Ethereum privacy protocol. “I’m finally out, safe and free. There was a small moment were things looked very bad but thanks to help from many I got released,” Carrone said in an X post on Monday. According to Carrone, Turkey’s Minister of Internal Affairs accused him of “helping others miuse Ethereum” in alleged connection to a privacy protocol. Carrone said he believes it is linked to a January 2022 research paper…

EthereumAug 22

Bitcoin ETFs Bleed Millions for 4th Straight Day as U.S. Stagflation Fears Weigh on BTC and Stocks

Investors withdrew money from U.S.-listed spot bitcoin exchange-traded funds (ETFs) for the fourth consecutive trading day as U.S. service sector data raised the stagflation bogey. The 11 ETFs registered a cumulative net outflow of $196 million on Tuesday, with Fidelity's FBTC and BlackRock's IBIT accounting for the giant share of the tally, according to data source SoSoValue. The four-day outflow streak, the longest since April, began on Thursday when the ETFs bled $114.83 million, followed by $812.25 million on Friday and $333.19 million on Monday. The U.S. ISM Non-Manufacturing or services PMI released on Tuesday showed tariff-driven inflation, employment weakness…

RegulationAug 22

Crypto Exchange Kraken Acquires No-Code Trading Firm Capitalise.ai to Expand Pro Platform

Crypto exchange Kraken has acquired the assets and technology of Capitalise.ai, an Israel-based startup that built a natural-language, no-code platform for automating trading strategies across multiple asset classes, the company said in a press release Wednesday. Keefe, Bruyette & Woods, a Stifel company, acted as financial advisor to Capitalise.ai. Financial details of the acquisition were not disclosed. Founded in 2015, Capitalise.ai developed a system that lets users turn everyday text into executable trading strategies. The company’s technology supports real-time and historical data analysis spanning equities, crypto, FX, futures and options. Its tools have been used by a range of traditional…

ExchangesAug 22

Ethereum Bulls Stay in Control, Targeting Additional Gains

Ethereum price found support near the $3,950 zone and started a fresh surge. ETH is rising and might soon aim for a move above the $4,320 zone. Ethereum started a fresh increase above the $3,880 and $4,150 levels. The price is trading above $4,100 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $4,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $4,150 zone in the near term. Ethereum Price Eyes Fresh Surge Ethereum price started a fresh…

EthereumAug 22

Investing in crypto is investing in incentives

This is a segment from The Breakdown newsletter. To read more editions, subscribe. PUMP token holders now find themselves in the odd position of hoping the money they just sent to Pump.fun will soon be returned to them. That’s the mood on Crypto Twitter, at least, where influential accounts keep pointing to Pump.fun’s estimated $2 billion cash pile as the bull case for PUMP (see here, here, here and here). The problem, of course, is that token holders have no claim on that cash — even though they supplied most of it. In IPOs, stock market investors send their money…

RegulationAug 22

Arbitrum submits proposal to build Ronin L2 as an Orbit chain

A new proposal suggests the building of Ronin L2 as an Arbitrum Orbit chain, with this coming as the Ronin team plans to migrate the gaming chain into a full-fledged, Ethereum-aligned layer 2 by 2026. Summary A proposal that seeks to build Ronin L2 on Arbitrum is live. The move comes as Ronin, launched as layer 1 blockchain by Sky Mavis, looked to return to Ethereum as a full-fledged L2 chain. RON will power the new chain’s ecosystem as a gas fees token. According to the proposal, Arbitrum (ARB) is uniquely positioned to help Ronin (RON) as the L2 looks…

BlockchainAug 22