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Author: 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.

Shocking $1.85 Million Wipeout on Hyperliquid

A stunning event recently unfolded in the fast-paced world of decentralized finance, highlighting the immense volatility and inherent risks of high-stakes crypto trading. A prominent figure known as AguilaTrades, a whale trader operating on the Hyperliquid decentralized exchange, suffered a significant financial blow. This AguilaTrades loss amounted to a staggering $1.85 million, incurred over just eight hours with a 0% win rate across six consecutive trades. What Led to the Catastrophic AguilaTrades Loss? The recent series of unfortunate events for AguilaTrades began with the closure of previous Bitcoin (BTC) and Ethereum (ETH) positions. Following this, the trader embarked on six…

Regulation

Solana CEO ghosts Burwick Law 9 times over Pump Fun lawsuit

Solana CEO Anatoly Yakovenko has managed to dodge nine attempts to serve him a Pump Fun lawsuit accusing him of playing a part in the memecoin platform’s fraudulent casino enterprise. Law firms Burwick Law and Wolf Popper recently filed an amended lawsuit naming crypto firms Solana and Jito, along with various executives, as defendants in their case against Pump Fun. They began serving defendants last week, including both Solana Labs and Jito Labs. However, after repeated “diligent efforts,” the firms failed to serve Yakovenko, fellow Solana co-founder Raj Gokal, Solana Foundation President Lily Liu, Jito CEO and COO Lucas Bruder,…

Legal

Vietnam to Launch First State-Backed Crypto Exchange

Vietnam is set to launch its first homegrown cryptocurrency exchange. This comes following a partnership between the Vietnamese state-controlled Military Bank and the operators of South Korea’s Upbit exchange, Dunamu. Local media outlet The Korea Herald today reported that Military Bank and Dunamu signed an agreement in Seoul confirming their interest in developing Vietnam’s first domestic crypto exchange. It currently ranks behind Coinbase, Bybit, and Binance. At press time, Upbit boasts $3.94 billion in volumes over the past 24 hours. Therefore, Dunamu’s expertise is expected to play a crucial role in developing and operating the Vietnamese state-linked exchange. Notably, under…

Exchanges

Maple launches first perpetual trading use case for syrupUSDC on Drift Protocol

Maple Finance, the largest on-chain asset manager by assets under management, has introduced syrupUSDC as collateral for perpetual futures trading on Drift Protocol. Summary Maple launches syrupUSDC as yield-bearing collateral on Drift, offering 7–8% APY. $100,000 in incentives and a $50M supply cap aim to boost adoption. Drift integration enhances capital efficiency and expands Solana DeFi use cases. According to a press release shared with crypto.news on Aug. 13, the integration enables traders on the Solana-based decentralized exchange to earn between 7% and 8% APY on margin collateral while actively trading. Boosting capital efficiency in DeFi trading Drift (DRIFT), the…

DeFi

Bitcoin Options Data Shows Investors Positioning Against a Drop! Here Are the Critical Price Levels

Following the strong rise in the cryptocurrency market last month, prices have calmed down, and investors have begun to take positions against the decline. Options Data Shows Investors Hedging Against Bitcoin Drops Below $100,000 and Ethereum Below $3,000 According to data from options platform Derive.xyz, there has been a notable increase in the number of put options opened for Bitcoin (BTC) and Ethereum (ETH) in futures trading on August 29. This suggests that investors are hedging their bets, anticipating a decline by the end of the month. According to a market update shared by Dr. Sean Dawson, Derive’s Head of…

Ethereum

Roman Storm’s potential retrial pushed back following court extension

Roman Storm’s legal team and US prosecutors have agreed to extend procedural deadlines that could affect retrying the Tornado Cash co-founder on conspiracy to commit money laundering and conspiracy to violate sanctions. In a Monday filing in the US District Court for the Southern District of New York (SDNY), Judge Katherine Failla approved a schedule agreed upon by Storm’s lawyers and the US government that will push the start of any potential retrial. Though prosecutors did not suggest whether they intended to retry Storm on the two felony charges, any scheduling on the matter would likely be pushed to later…

Legal

Aquanow-SGB Partnership to Provide Institutional Crypto Banking and Fiat Settlement

Digital asset infrastructure provider Aquanow is partnering with SGB, a fully licensed digital bank, to solve one of the biggest headaches for crypto businesses, open a reliable bank account. The collaboration is designed to offer seamless fiat banking services to institutional players in the crypto space. Bridging the Gap Between Crypto and Fiat This new alliance will give Aquanow’s global clients, which include exchanges, payment providers, and fintech companies, the ability to easily open USD bank accounts, settle trades, and transfer funds using SGB’s full SWIFT membership and regulated banking framework. This partnership benefits businesses seeking reliable, compliant infrastructure that…

Exchanges

Illegal Bitcoin Mining on the Rise in Tajikistan and Kazakhstan

Illegal cryptocurrency mining caused $3.52 million in damages in Tajikistan in H1, according to the country’s Attorney General Khabibullo Vokhidzoda. Speaking at a press conference, Vokhidzoda reported that these damages relate specifically to the illegal use of electricity by miners, with energy providers compensated by the state. “There are people who import equipment for mining companies into the country from abroad and illegally mine cryptocurrency,” said Vokhidzoda, who added that four to five criminal cases involving the use of mining equipment are currently open. Vokhidzoda's remarks follow a similar update from the prosecutor’s office in the Sughd region, which is…

Mining

DeFi Lending Market Hits $100 Billion

With the ETH price flying and regulators opening up to decentralized finance (DeFi), onchain lending and borrowing markets are making concurrent all-time highs, hitting the $100 billion threshold today. The onchain lending market reached the $100 billion milestone this week, according to TokenTerminal, with Aave commanding a lion’s share of the market, with $63.4 billion, or 63.4%, of the total TVL. Morpho and Spark are neck and neck for second largest with $8 billion and $7.6 billion, respectively. DeFi Lending Total TVL - TokenTerminal The lending space has exploded over the last two months, growing 49% from $66.8 billion since…

DeFi

BlackRock now holds over $100 billion in crypto

BlackRock has crossed a new milestone in its digital asset strategy, with cryptocurrency holdings now at $103.98 billion as of August 14, 2025, according to Finbold analysis of data from blockchain intelligence platform Arkham. The portfolio includes $89.27 billion in Bitcoin (743,310 BTC) and $14.71 billion in Ethereum (3.2 million ETH). Notably, this marks a staggering $49.15 billion net increase since the start of 2025, when BlackRock’s crypto holdings stood at $54.83 billion, comprising $51.16 billion in BTC and $3.59 billion in ETH. BlackRock’s recent Ethereum accumulation Notably, the pace of Ethereum accumulation has accelerated sharply in recent months. At…

Regulation