Author: NBTC

South Korean prosecutors have requested a 20-year prison sentence for a man identified only by the surname Park, known in cryptocurrency circles as “Jonber Kim,” in connection with a fraud scheme involving 340 billion won (approximately $247 million). The request was made during the closing hearing of the case on Aug. 21 before the 13th Criminal Division of the Seoul Southern District Court, as reported by Digital Asset. Case Background and Charges Park stands accused of orchestrating fraudulent activities tied to two digital tokens: PODO Coin (POD) and ATube (ATT). Prosecutors allege that Park and his associates misled investors with…

With the resurgence of trading activity in the cryptocurrency markets, trading volumes on centralized exchanges have increased significantly in a short period. Daily trading volume, which doubled in five days last week, has recovered from its annual lows and surpassed $37 billion. However, despite this increase, volume remains well below the 12-month peak of $105 billion seen after the large liquidations on October 10th. Total trading volume in August also reflects the recovery in market activity. According to the data, approximately $490 billion worth of transactions took place on centralized exchanges in the first part of the month. In July,…

Ethereum has officially integrated into Solana through the Sunrise protocol, as announced by the CryptoTwitter influencer @solana. This move marks a significant step in enhancing cross-chain interactions and could attract increased investor interest in both ecosystems. The integration is expected to provide new functionalities for users, potentially reshaping the competitive landscape in the crypto market. For further details, check the source. What Went Down The recent integration of Ethereum into Solana via the Sunrise protocol showcases a promising evolution in blockchain interoperability. This development is particularly noteworthy as it opens new avenues for decentralized applications and services across both networks.…

Bitcoin extended its positive run last week with a minor 1% weekly gain, marking its fourth straight weekly advance for the first time since April. Even so, the rally showed signs of losing momentum after a sharp midweek reversal weakened buying pressure. The cryptocurrency climbed to a weekly high of $67,000 on Tuesday before dropping 5% as short-term holders sold near their breakeven level. The decline reinforced resistance overhead and showed that buyers are still struggling to push Bitcoin beyond its recent trading range. Institutional Demand Remains Under Pressure According to the latest Bitfinex Alpha report, the short-term holder cost…

Solstice Lets Investors Split STRC Yield and Price Risk on Solana Solstice Finance is bringing a Wall Street-style credit structure onto Solana, launching tokenized senior and junior claims tied to the dividend stream of Strategy Inc.’s Nasdaq-listed preferred stock. The product, called strcUSX, references Strategy’s Series A Perpetual Preferred Stock (STRC), which pays a 12% annualized dividend on a bi-monthly basis. Strategy, formerly MicroStrategy, holds more than $50 billion in bitcoin, making STRC a credit instrument ultimately linked to the world’s largest corporate bitcoin treasury. Solstice told Bitcoin.com News that the structure gives investors exposure to Strategy’s income stream without…

$XRP price surged sharply this week as the coin underwent notable structural changes, with institutional investment products expanding. Moreover, activity on the $XRP Ledger is growing, while stablecoin liquidity continues to build, according to $11 billion asset manager 21Shares. In a recent post on X, 21Shares said the $XRP ecosystem is experiencing shifts that were not present at the same scale a year ago. It pointed to settlement volumes, an expanding stablecoin base, and the development of regulated investment products providing exposure to $XRP. The asset manager highlighted four key structural shifts identified by its research team. $XRP ETPs Absorb…

South Korean customs authorities have referred four individuals to prosecutors for allegedly orchestrating the illegal export of over 1,000 used cars to Russia and Belarus, with payments settled in cryptocurrency to circumvent international sanctions. The Incheon Main Customs office confirmed the group, including a foreign national in his 40s believed to be the ringleader, faces charges under the Customs Act and the Foreign Trade Act. How the scheme operated According to the customs investigation, the group exported 1,024 used cars valued at approximately 50.7 billion won (around $36 million) to Russia and Belarus, both subject to comprehensive international sanctions following…

Coinbase has turned an ordinary Slack channel into something closer to a digital wallet with a keyboard attached. The exchange has built a bot that lets AI agents ask questions inside Slack and, when a paid answer is needed, settle the bill instantly and automatically. That is the core of the new Coinbase Slack micropayments feature, and it signals a shift in how the company wants its platform to handle everyday, small-scale transactions without forcing anyone into a subscription plan. Key takeaways Coinbase demonstrated an internal Slack bot on August 18, 2026, that lets AI agents pay for services instantly…

Hut 8 HUT$79.67·At close made its name building infrastructure to mine bitcoin BTC$78,003.01, and a site it is developing in Texas will now help power AI giant Anthropic’s latest computing contract. Anthropic agreed to spend $35 billion buying computing capacity from Lambda, an AI cloud company backed by Nvidia, the Wall Street Journal reported late Monday. Some of that capacity will run through Hut 8’s Beacon Point campus in Nueces County, Texas. NVIDIA holds the lease on the facility, Lambda will use NVIDIA chips there, and Anthropic will buy the resulting computing power. HUT initially jumped when the news hit…

CoreWeave has reported a staggering $104 billion in contracted backlog as of Q2 2026, a remarkable 246% increase from $30.1 billion the previous year. This surge signals a significant demand for data solutions, with another $25 billion added in just the first weeks of Q3. As noted by the crypto commentator @Filecoin, this highlights Filecoin’s role as a vital data layer. The implications for the market are profound, as increased demand could drive further adoption of decentralized storage solutions. The Key Development The broader cryptocurrency market continues to show mixed signals, yet the news surrounding CoreWeave’s substantial backlog is drawing…