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 Taps $3,972 as Futures and Options Activity Heats Up

Ethereum has powered higher past the $3,900 range, supported by strong derivatives market activity and heightened trading volumes. Ether Price Nears $4K With Futures Open Interest at Record High On Aug. 8, 2025, ethereum’s (ETH) market capitalization stands at $470.8 billion, representing 12.2% of the $3.87 trillion crypto economy. Over the past 24 hours, $32.5 billion in ETH trades have been recorded, with the intraday range spanning $3,806 to $3,972. The rally also triggered heavy derivatives liquidations, totaling $103.10 million in ETH positions — $76.15 million of which were short bets — leading the broader crypto market’s $284.58 million in…

EthereumAug 13

FTX Top Creditor Activist Recounts Sam Bankman-Fried’s 25-Year Sentencing

FTX creditor activist Sunil Kavuri has shared his courtroom experience from Sam Bankman-Fried’s sentencing on March 28, 2024, as the convicted founder’s appeal, scheduled for November 3, 2025, draws closer. Kavuri traveled from London to New York to represent FTX creditors worldwide at the sentencing hearing. Judge Lewis Kaplan delivered a 25-year prison sentence after criticizing Bankman-Fried’s trial testimony and risk-taking behavior. The judge referenced Bankman-Fried’s willingness to “coin flip for the survival of the human race” and compared his actions to stealing money for gambling in Las Vegas before returning stolen funds. Courtroom Atmosphere Limited Public Access The sentencing…

LegalAug 13

Binance Launches Xeleb Protocol (XCX) on Alpha with Airdrop

As of today 08.00 UTC, Binance Alpha is releasing the Xeleb Protocol (XCX) trading, which will give an airdrop reward to the qualified Binance Alpha users. To get 800 XCX tokens (yield rewarded on a first-come, first-served basis), participants will be required to have at least 200 Binance Alpha Point. In case tokens are not claimed, the platform lowers the number of points required per hour to widen participation. This way will promote increased adoption rates and will help more people acquire exposure to the token at an earlier stage. AI-Powered Framework developed by Xeleb Protocol Xeleb protocol has Proof-of-Utility…

ExchangesAug 13

CAC Fintech and Eddid Financial Launch China’s First Agricultural Tokenized Asset Project

CAC Fintech, a Chinese agricultural financial technology company, has signed a strategic cooperation agreement with Eddid Financial, a diversified financial group. The partnership will introduce China’s first agricultural tokenized real-world asset (RWA) project and explore fundraising opportunities in Hong Kong. CAC Fintech will be responsible for identifying, integrating, and managing agricultural and rural infrastructure projects, as well as coordinating resources to deliver high-quality assets. Eddid Financial will act as the exclusive capital markets advisor, designing tokenization frameworks for agricultural and rural assets and arranging cross-border financing, mergers and acquisitions, and overseas IPOs. It will also work with international advisors, including…

DeFiAug 13

Ether to $4.4K? This Hidden Signal Suggests a Possible Quick Fire Rally

A hidden signal from the derivatives market suggests that ether's (ETH) rally could intensify, lifting valuations quickly to $4,400. The indicator under consideration is the net gamma exposure of dealers/market makers in the Deribit-listed ether options market. Gamma is the critical metric for options traders, measuring how an option's delta, or its sensitivity to the underlying asset's price, changes in response to market moves. When dealers are short gamma, they are forced to buy the underlying asset as its price rises and sell as its price falls, which often amplifies directional moves. Dealers provide liquidity to the order book and…

EthereumAug 13

EthereumMax investors secure partial win in class-action lawsuit

Investors who were parties to a 2022 lawsuit may be closer to pursuing legal action against celebrities who promoted the EthereumMax (EMAX) token after a recent decision by a California judge. In a Wednesday filing in the US District Court for the Central District of California, Judge Michael Fitzgerald granted a motion allowing class-action lawsuits filed in four US states to move forward, but denied the request for a nationwide class against EMAX promoters. The order will allow cases involving investors who purchased EMAX between May 2021 and June 2021 to continue in New York, California, Florida and New Jersey.…

LegalAug 13

Coinbase Receives 16.7 Million XRP in One Giant Deposit

A major XRP transaction took place on Monday, with 16,698,207 tokens — worth around $53.16 million — moving in a single transfer to Coinbase this morning. The alert from Whale Alert quickly circulated, with many initially assuming that a major external holder had transferred funds to the exchange. However, on-chain data later revealed that the transfer was internal. The XRP were transferred from one Coinbase cold wallet labelled “197” by tracking services to another labeled “Cold Wallet 6.” Both wallets are part of the exchange’s deep reserves and typically hold around 16.5 million XRP each. With 27 such wallets still…

ExchangesAug 13

Coinbase Revives Stablecoin Funding Program to Bolster DeFi Liquidity

Crypto exchange Coinbase (COIN) said on Tuesday it is reviving its Stablecoin Bootstrap Fund, aiming to boost stablecoin liquidity on decentralized finance (DeFi) markets. The initiative will be managed by Coinbase Asset Management and begins with deployments on Aave, Morpho, Kamino and Jupiter, according to a blog post. The exchange first launched the program in 2019 to help protocols seed early trading pools for USDC stablecoin. That effort supported early platforms like Uniswap , Compound and dYdX and helped spearhead USDC in the DeFi ecosystem, which is still the most widely used stablecoin in the sector. In its new iteration,…

DeFiAug 13

Ethereum Breaks $4,000 After 8 Month, Is $6,000 Next?

Ethereum breaks $4,000 for the first time since December, driven by whale buying, corporate adoption, and strong institutional interest. Whales have purchased over 1.8 million ETH in the past month; next major target price could be $6,400. Community awaits SEC approval of staked Ethereum ETFs, which could be the next big catalyst. Ethereum just crossed the $4,000 mark for the first time since last December, sparking excitement among investors and traders alike. Fueled by big whale buys, growing corporate adoption, and fresh institutional inflows, ETH is showing signs of a powerful comeback. The second-largest cryptocurrency jumped 3.5% in the last…

EthereumAug 13

Following Claims That China Is Beginning to Soften Its Stance on Cryptocurrencies, an Unexpected Move Has Been Made

In an effort to contain the growing interest in stablecoins, China has ordered local brokerages and other organizations to stop publishing research reports and holding seminars promoting the asset class. In late July and early August, several leading brokerages and think tanks canceled their events and halted stablecoin research on orders from financial regulators, according to sources familiar with the matter. Authorities are also concerned that stablecoins could be used as a new tool for fraudulent activities in mainland China. While cryptocurrency transactions are completely banned in the country, some recent official statements have led to speculation that China's approach…

LegalAug 13