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.

What Investors Need to Know About the Upcoming Network Upgrade

Are you an Upbit user with Scroll (SCR) holdings? Then you need to pay close attention to a recent Upbit announcement that directly impacts your digital assets. South Korean crypto exchange Upbit has revealed plans for a temporary Upbit Scroll suspension of deposits and withdrawals, a move essential for the upcoming Scroll network upgrade. This isn’t just a minor technicality; it’s a crucial step to ensure the blockchain’s future stability and performance. Why is Upbit Suspending SCR Deposits and Withdrawals? Upbit, a leading South Korean crypto exchange, officially stated on its website that it will temporarily halt SCR deposits and…

ExchangesAug 12

BNB Chain Set to Drive 10× Growth in Tokenized Stocks by 2026

The tokenized stocks make up just 0.0003 percent of the worldwide equity. There are over 125 trillion public equity market assets in the world. By comparison, the tokenized equities remain valued at hundreds of millions only. One of the most popular hosts of such assets is BNB Chain. The total value locked (TVL) of tokenized stocks on BNB chain is at approximately 370 million. Daily trading volume of the chain hovers around $134 million, which shows an early, but rising, interest. It is estimated that even with only 0.002 percent of the total global equity value in keys in the…

BlockchainAug 12

Arthur Hayes Rebuys ETH Amid Price Rally and Swears Off Profit-Taking

The cryptocurrency space is a compelling industry that tends to prove many doubters wrong, even veterans and seasoned participants such as BitMEX’s co-founder, Arthur Hayes. As reported last week, the current Maelstrom exec sold a big portion of his portfolio as he envisioned a more profound market-wide correction was in the making. At the time, Hayes disposed of more than $8 million worth of ETH, alongside some PEPE and ENA holdings. Later on, he owned up to the move, saying that the US Federal Reserve had decided once again not to lower the key interest rates, which was a bearish…

EthereumAug 12

Two Fed Governors Break Ranks, Call for an Immediate Rate Cut

US President Donald Trump has once again intensified public pressure on Fed Chair Jerome Powell to aggressively cut interest rates. Last week, he visited the central bank’s HQ and even toured the Fed’s $2.5 billion renovation site, although Trump claimed that the price had jumped to over $3 billion due to increased restoration costs. The Fed subsequently justified the project, pointing to the aging, almost century-old infrastructure, the necessity of removing hazardous materials, and escalating construction expenses. Also, Powell disputed Trump’s higher figure due to the US President including a previously completed renovation from five years ago. Still, after the…

RegulationAug 12

Crypto debanking is ‘still occurring’ as banks stick to Chokepoint policies

Crypto firms have been facing account closures and denials of banking services for years under the label of de-risking. Many in the crypto industry believe that the debanking represents a policy-driven effort to suppress digital assets, referred to as “Operation ChokePoint 2.0.” After President Donald Trump’s pro-crypto team won the election, many believed the era of debanking was over. His campaign rhetoric and early policy moves signaled a friendlier environment for digital assets, leading some to expect banks would ease restrictions on crypto clients. However, recent incidents suggest the practice remains entrenched. Last week, Andreessen Horowitz partner Alex Rampell warned…

LegalAug 12

Binance Goes Zero Fee on XRP, ADA, BNB Pairs: Details

Major cryptocurrency exchange Binance has announced its decision to go zero fee on certain USDC trading pairs, including those of XRP, Cardano (ADA), BNB and Tron (TRX). In an official release, Binance announced zero maker and taker fees for BNB/USDC, ADA/USDC, TRX/USDC and XRP/USDC for Spot Liquidity Providers as well as the exchange's VIP 2 - 9 Users. Binance Launches Zero-Fee Promotion on Selected USDC Pairs 🔸 Fees: Zero maker and taker fees 🔸 Eligibility: VIP 2-9 users and Spot Liquidity Providers 🔸 Pairs: $BNB/USDC, $ADA/USDC, $TRX/USDC, and $XRP/USDC Find out more 👉 https://t.co/uB80iLVHHd pic.twitter.com/DXwvGFLJoi — Binance (@binance) August 12,…

ExchangesAug 12

Wall Street Firms Complete First 24/7 U.S. Treasury Financing Via Tokenization on Canton Network

Digital Asset and a group of major financial firms have executed the first real-time, fully on-chain financing of U.S. Treasuries against USDC on the Canton Network. The repo trade, carried out on Tradeweb, settled atomically on a Saturday, sidestepping the weekday-only limitations of traditional settlement systems, according to a press release shared with CoinDesk on Tuesday. Prime brokers converted U.S. Treasuries held at the Depository Trust & Clearing Corporation (DTCC) into tokenized assets on Canton, then used them as collateral for USDC-backed financing. The Canton Network is a privacy-focused blockchain developed by Digital Asset. Institutions involved in the transaction include…

BlockchainAug 12

Market Eyes Breakout Toward $4,500 Target

While ethereum’s price is $4,196.59 — 14% below its all-time high — it has positioned itself in a strong bullish structure heading into Saturday, supported by a market capitalization of $506.14 billion. With a 24-hour trading volume of $43.69 billion and an intraday range between $3,895.26 and $4,237.28, ethereum’s current trend is one of steady upward momentum, tempered by near-term consolidation signs. Ethereum On the daily chart, ethereum has been in a pronounced uptrend from approximately $2,488 to $4,249, with only a moderate pullback during the run. The recent breakout above the prior $4,100 resistance came on a strong bullish…

EthereumAug 12

Crypto Fund JellyC Teams Up With Standard Chartered, OKX for Secure Crypto Trading

JellyC, a digital asset investment manager with over $100 million in assets under management, said it joined a program with crypto exchange OKX and international bank Standard Chartered (STAN) that will allow it to trade cryptocurrencies while keeping its collateral secure off-platform. The Australian company said it will use a Franklin Templeton tokenized money market fund (TMMF) as its preferred trading collateral. The collateral will be held by Standard Chartered, according to the press release shared with CoinDesk. JellyC said the initiative will enhance its capital efficiency and reduce its direct exposure to OKX, potentially attracting institutional investments and mitigating…

RegulationAug 12

Why Has Ripple CEO Not Announced XRP Lawsuit Dismissal? Ex-SEC Lawyer Responds to ‘Fake News’ Claims

On August 8, the XRP community was on cloud nine after a big update appeared in the long-running Ripple vs SEC case. It was announced that both sides, Ripple Labs and the U.S. Securities and Exchange Commission, had filed a Joint Dismissal of Appeals, effectively meaning the case was over. This news marked the end of more than five years of legal battles, with many expecting strong reactions from Ripple’s leadership. However, some found it unusual that Ripple CEO Brad Garlinghouse remained silent for over 24 hours after the news broke. Confusion and Doubts Among XRP Holders While some celebrated…

LegalAug 12