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.

ETFs, DeFi, golden cross fuel $6,800 bull case

Ethereum is riding a powerful rally — fueled by record-breaking U.S. spot ETF inflows, growing institutional accumulation, and surging on-chain activity — that has pushed prices to their highest level since 2021 and set the stage for a potential run toward $6,800. Summary ETH price jumped as spot Ethereum ETF inflows jumped. Ethereum Treasury companies like SharpLink are accumulating. Technical analysis points to an eventual Ethereum price surge to $6,800. ETF inflows and DeFi dominance boost ETH price Ethereum (ETH) jumped to a high of $4,170, its highest level since December 2021, and nearly 200% above the lowest level this…

EthereumAug 12

Brazil Must Reject Blanket Taxation for the Crypto Industry to Survive

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the Brazilian Congress must fight to block Lula’s blanket crypto taxation for the decentralized part of the crypto ecosystem to continue thriving. Latam Insights Encore: Brazilian Congress Must Reject Lula’s Crypto Ambitions Crypto taxation has become a matter of political urgency in the Brazilian Congress, which will be responsible for determining the future of the crypto industry in Brazil. According to recent news, the new cryptocurrency taxation scheme, imposed by President Luiz Inácio Lula da…

RegulationAug 12

No, a judge won’t sign-off on SEC v. Ripple today

Excitable XRP fans amplified fake news about a powerful ruling that US district judge Analisa Torres was supposed to make today. According to one tweet that earned over 1,000 likes and tens of thousands of impressions, Torres’ final court sign-off is supposed to arrive on Monday to permanently settle SEC v. Ripple and allow the XRP price to “fly to $5 in no time.” Copycat posts did similarly outrageous numbers as the XRP Army eagerly awaited “a historic step that would end years of legal battle and open a new era for Ripple.” Unfortunately, Torres’ signature won’t catalyze a rally…

LegalAug 12

Whale Revives Profit-Taking Concerns as Bitcoin Holds Flat: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin's Asian session bounce from $117,500 ran out of steam near $119,200 during European hours, extending two weeks of directionless trading. The CoinDesk 20 (CD20) Index traded 1.4% lower over 24 hours, with the broader CD80 gauge reporting a 4.6% decline, indicating pronounced weakness in altcoins. Against the background of a flat BTC market, the awakening of long-dormant bitcoin whale wallets is raising concerns about potential profit-taking by seasoned investors. According to Whale Alert, an address that was dormant for over 12 years moved 343 BTC in early Asian hours. Meanwhile,…

RegulationAug 12

SEC’s Crypto Task Force to Host a Series of Roundtables with Small Firms

The planned roundtable across the country will involve crypto projects with at most 10 employees and less than 2 years old. The U.S. SEC has made deliberate efforts to provide clear crypto regulations that foster innovation and consumer protection. The United States Securities and Exchange Commission (SEC) has announced a countrywide initiative to meet with more crypto stakeholders. The SEC announced on Monday that its Crypto Task Force, led by Commissioner Hester Peirce, will host a series of roundtables, with small firms in different cities. According to the announcement, the SEC’s Crypto Task Force will collect views from small firms…

LegalAug 12

Journalist Nicknamed "FED Spokesperson" Speaks Clearly About FED's Interest Rate Decision Tomorrow! "The Decision is Clear!"

Nick Timiraos, a Wall Street Journal reporter known as the FED spokesperson, shared his predictions for the July interest rate decision to be announced by the US Federal Reserve (FED) tomorrow. According to Nick Timiraos, the Fed will not cut interest rates tomorrow. “The Fed is Not Ready!” Nick Timiraos said the Fed is not ready to cut interest rates this week, citing internal divisions. Timiraos said authorities would eventually continue with interest rate cuts, but were not ready to do so this week. Timiraos said Fed officials agreed to postpone the reductions due to inflation concerns stemming from the…

RegulationAug 12

SEC Issues Waiver Fulfilling Key Demands of XRP Case

In a rather surprising development, the SEC issued a waiver allowing Ripple to sell securities to private investors. This directly contravenes Judge Torres’ rulings in the XRP case’s lengthy cross-appeals process. Legal experts seemed dumbfounded by the move, but acknowledged that there isn’t a clear way to stop it. Ripple will probably have a new revenue stream, yet this could undermine the legal system altogether. Did the SEC Fulfill Ripple’s Desires? Over the last few months, Ripple and the SEC have been locked in the appeals process of their landmark legal battle. Although both parties dropped the case itself in…

LegalAug 12

S&P Global assigns ‘B-’ credit rating to Sky Protocol, first for DeFi protocol

S&P Global Ratings has assigned a B- issuer credit rating to Sky Protocol, formerly known as Maker Protocol, marking the first time a major credit rating agency has issued a rating for a decentralized finance (DeFi) platform. The rating is part of S&P’s ongoing assessment of stablecoin issuers, which began in 2023 to evaluate their ability to maintain a stable value relative to fiat currencies. The review covers the creditworthiness of Sky’s liabilities, the USDS (USDS) and DAI (DAI) stablecoins and the sUSDS and sDAI savings tokens. Sky Protocol, evaluated for the first time, received a “4” — labeled “constrained”…

DeFiAug 12

Ethereum Whales Buy $4.78B in ETH Since July, But Is It a “Bagholder’s Dilemma”?

Ethereum has resumed its rally, climbing nearly 2% in the last 24 hours to cap an impressive 22% weekly gain. Now just 12% away from its $4,900 all-time high, the move appears to be fueled by a massive accumulation trend among the market’s largest players. Why the big move? This ETH rally is part of a larger market shift. Here’s our report on Bitcoin’s dominance dropping, that has fueled an altcoin market rally led by Ethereum. Whales Love ETH On-chain data reveals a striking accumulation trend that began on July 10. According to blockchain analyst @EmberCN, over 1.1 million ETH,…

EthereumAug 12

Coinbase Reaps Growing Rewards from Circle Ties and USDC Economics: JPMorgan

Coinbase’s (COIN) partnership with Circle (CRCL) and exposure to Circle's USDC stablecoin is generating significant financial upside, both through equity appreciation and high-margin revenue streams, according to a new report from Wall Street bank JPMorgan. The total value of Circle-related economics to Coinbase shareholders is estimated at $55 to $60 billion, the bank said, suggesting the market may be underestimating the strategic importance of the USDC ecosystem. The crypto exchange holds 8.5 million shares in Circle, valued at $1.6 billion as of July 25. The larger story, however, lies in USDC-related income, according to the report. In the first quarter…

RegulationAug 12