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.

Fed warns banks could become irrelevant if they ignore blockchain adoption now

Federal Reserve Vice Chair for Supervision Michelle Bowman has called for banks to embrace blockchain technology or risk losing relevance. At the Wyoming Blockchain Symposium on Aug. 19, Bowman emphasized that regulators and banks must adopt a more proactive approach to the crypto industry. She pointed out that integrating these new innovative technologies would be crucial for maintaining relevance in a rapidly evolving financial landscape. She said: “It is essential that banks and regulators are open to engaging in new technologies and departing from an overly cautious mindset. Regulators must understand new products and services and recognize the utility and…

BlockchainAug 22

Ethereum Open Interest Nears $60 Billion as ETH Hovers Near All-Time High

Open interest in Ethereum surged to nearly $60 billion Tuesday, with traders rushing to stake out positions on the cryptocurrency as it comes the closest it has in years to reaching a new all-time high price. Ethereum last set an all time high of $4,878 back in November 2021. ETH currently sits at $4,289, up nearly 17% on the week. Some $57.31 billion in derivatives positions are currently open and pending on ETH’s future price, according to data from CoinGlass. Open interest in Ethereum futures contracts is now within range of the all-time high of $58 billion it set on…

EthereumAug 22

China wants a yuan stablecoin, but why?

According to The Financial Times, China is eyeing a yuan (aka renminbi) stablecoin for both internal and external use, but as even The Financial Times article makes clear, no one knows how it would work or why the Chinese Communist Party (CCP) is so keen to create one. While the piece does make clear that the CCP is “arguing that the success of dollar-backed tokens is cementing the US currency’s dominance in the global economy,” it fails to identify how a tightly controlled renminbi stablecoin could either exist or impede the continuing US dollar global hegemony over the financial system.…

RegulationAug 22

Bit Mining Proposes Rebrand to SOLAI in Strategic Solana Pivot

Bit Mining Limited announced plans to rebrand as SOLAI Limited, reflecting a strategic shift from cryptocurrency mining toward building onchain intelligent financial infrastructure within the Solana landscape. Bit Mining Unveils Plan to Rebrand as SOLAI The company, currently traded on the NYSE as BTCM, will seek shareholder approval to change its name and adopt the new ticker symbol “SLAI.” This move signals an evolution from a pure-play miner into a broader digital assets company focused on blockchain infrastructure and decentralized finance (DeFi). This transformation is centered on the Solana ecosystem. Bit Mining had previously announced it had purchased 27,191 solana…

BlockchainAug 22

TAC's TVL Surges above $200M One Month after Mainnet Launch

TAC, a TON blockchain-focused protocol, has attracted nearly $208 million in total value locked (TVL) in just a month after its mainnet launch. After launching on July 15, the EVM-compatible layer now holds 35% more value on-chain than TON’s DeFi TVL, which stands at $153.6 million as of today, Aug. 20, per data from DefiLlama. TVL on TAC and TON. Source: DefiLlama The network connects Ethereum-based applications to TON’s Telegram-integrated ecosystem without bridges or wrapped assets. Since launch, Ethereum-based DeFi protocols including Curve, Morpho, and Euler — each with over $1 billion in TVL — have deployed on TAC. Months…

DeFiAug 22

Ethereum Treasury Firms vs Ether ETFs: Why SharpLink, Bitmine Lead

The Ethereum market is undergoing changes as Ethereum treasury firms and Ethereum exchange-traded funds ( ETFs) are still increasing their purchases of Ether (ETH). Although the two groups are actively buying some ETH over the last few months, an evident pattern developed such as treasury firms such as SharpLink and Bitmine acquired more Ethers than large ETF firms such as BlackRock. According to crypto analyst Sassal on x, In the last several months, the Ethereum treasury companies and Ethereum based ETFs have entered the ETH market with a huge percentage. Three larger treasury companies namely SharpLink, Bitmine, and another unknown…

EthereumAug 22

AI startup Rillet secures $70M Series B led by a16z, ICONIQ to transform enterprise accounting

Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS and high-growth companies, has raised $70 million in Series B funding co-led by Andreessen Horowitz (a16z) and ICONIQ, the company announced Wednesday. This brings Rillet’s total funding to over $100 million in under a year. Seth Pierrepont, General Partner of ICONIQ, and Alex Rampell, General Partner of a16z,…

RegulationAug 22

Solana gains native Ethereum bridge via Across’ intents model

Solana dApps can now embed one-click transfers with Across’ new integration. The launch removes UX barriers that once pushed 13% of users to abandon bridging attempts, according to the protocol. Summary Across has expanded its intents-based bridging infrastructure to Solana, enabling one-click transfers between Ethereum and Solana. The integration removes multi-step claims and leverages a decentralized solver network to finalize transfers in seconds. Solana’s $10.1 billion inbound bridge volume has faced high abandonment rates, and Across positions its model as a fix to legacy bridging inefficiencies. Iinteroperability protocol Across has officially expanded its intents-based bridging infrastructure to the Solana blockchain,…

BlockchainAug 22

Centrifuge launches tokenized real-world assets on EVM platforms

Centrifuge’s integration with Aerodrome is making RWAs accessible on DeFi platforms. Summary Centrifuge launched decentralized RWAs on Aerodrome, one of the largest EVM-based DEXs Users can trade these deRWAs and use them as collateral across the EVM ecosystem The protocol plans to expand this standard to the Ethereum mainnet and Solana. Real-world assets and decentralized finance are increasingly converging. On Wednesday, August 20, Centrifuge officially launched decentralized RWA tokens on Aerodrome, one of the largest DEXs on Base (BASE). The move makes RWAs tradable and usable as collateral on DeFi platforms across EVM chains. “This is the inflection of connecting…

DeFiAug 22

S&P 500 opens higher amid key corporate earnings, Bitcoin holds $114k

U.S. stocks opened higher and Bitcoin held the $114k level as Wall Street continued to cheer corporate earnings amid ongoing jitters around trade deals. Summary Stocks opened slightly higher amid investor focus on key corporate earnings results. Tariffs remain in focus amid the Aug. 7 deadline. The benchmark S&P 500 opened 0.3% higher and the Nasdaq added 0.5%, while the Dow Jones Industrial Average edged up by 38 points. Meanwhile, Bitcoin (BTC) continued to hover near $114,000, where it has held for most of the week as sell-off pressure persists. Bitcoin reached an all-time high above $123,000 in July 2025.…

RegulationAug 22