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.

BTCFi VC funding hits $175M as investors focus on consumer apps

Bitcoin’s decentralized finance (DeFi) ecosystem is experiencing renewed venture capital (VC) interest, signaling more demand for the world’s first cryptocurrency as it gains utility as a yield-bearing asset. Bitcoin DeFi, or BTCFi, is a technological paradigm that seeks to bring decentralized finance capabilities to Bitcoin’s base layer. According to a new report from Bitcoin DeFi infrastructure provider Maestro, shared with Cointelegraph, the BTCFi ecosystem received $175 million worth of VC funding across 32 rounds in the first half of 2025, with increasingly more capital flowing into consumer apps and demand-driven products. Capital is pivoting toward “usability and demand-driven products, while…

DeFiAug 8

Stable, a USDT-Powered Layer 1 Blockchain, Raises $28 Million in Seed Funding

Stable, Layer 1 blockchain network built for stablecoin transactions, has secured $28 million in seed funding. The round was led by Bitfinex and Hack VC, with participation from Franklin Templeton, Castle Island Ventures, eGirl Capital, Bybit-Mirana, and others. Angel investors include Tether CEO Paolo Ardoino and Anchorage co-founder Nathan McCauley. Bitfinex, an early backer, helped incubate the project. The funding will support network development, team expansion, and global USDT distribution. Stable operates as a "stablechain," a blockchain optimized for instant stablecoin transactions. Its launch follows the U.S. passage of the GENIUS Act, a law providing regulatory clarity for stablecoin payments.…

RegulationAug 8

Walrus Integrates Pipe Network to Cut Latency and Enhance Bandwidth Across Chains

Walrus, a popular decentralized data storage platform, has recently integrated with Pipe Network, a prominent decentralized content delivery network (CDN). The integration endeavors to enhance bandwidth as well as minimize latency across chains. Walrus’s official social announcement labels this integration as a remarkable merger of the strengths of both the entities. The collaboration will enable seamless storage, robust compute capabilities, and delivery infrastructure across several high-throughput blockchains. Walrus x @PipeNetwork We’re partnering up to power the decentralized internet. 🦭 Walrus will use Pipe’s 280K+ PoP nodes to supercharge content delivery at the edge. ⚡️ Pipe will leverage Walrus for scalable,…

BlockchainAug 8

Hyperliquid Vault Manager Under Fire for Moving $29 Million of User Funds to Other Blockchains

HLP0, which offers depositors a tokenized representation of Hyperliquid’s HLP vault, is facing backlash for withdrawing user funds from the multi-sig and bridging them to Avalanche and Arbitrum DeFi protocols instead of contributing them to the HLP vault. HLP0 boasts a total-value locked (TVL) of $40 million, but $29 million of that capital has been bridged to Avalanche, and $11 million remains on Arbitrum. The funds are being used on two DeFi protocols, Aave, and Avalanche-based decentralized exchange (DEX), Blackhole, according to the multi-sig’s DeBank profile. HLP0 Multi-Sig DeBank Cain O’Sullivan of Hyperdrive flagged the activity on X where he…

DeFiAug 8

Ethereum Confirms Hourly Death Cross, What's Next for ETH's Price?

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has just formed a death cross on its hourly chart. A death cross occurs when a short-term moving average falls below a longer-term one, indicating potential downward momentum. On the hourly chart, Ethereum’s 50-hour moving average crossed below the 200-hour moving average, forming the "death cross" pattern. While moving average crossovers on the daily or weekly charts tend to carry more weight, such signals on the hourly chart might depict short-term weakness. The most recent death cross on the Ethereum hourly chart follows a major sell-off on the crypto market, which has…

EthereumAug 8

Crypto Carnage Continues Even as Gold, Bonds Surge on Soft U.S. Jobs Data

Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid shutdowns of 2020. The data seems likely to put an end to the wait-and-see approach of Federal Reserve Chairman Jerome Powell and set the central bank on a path to restarting rate cuts at its next meeting in September. That's sent the yield on the 10-year U.S. Treasury bond plunging 14 basis points to 4.22% and the price of gold pumping 1.5% to $3,400 per ounce and back within sight…

RegulationAug 8

Ethereum-Based DeFi Protocol Euler (EUL) on the Rise Following Coinbase Listing

An Ethereum (ETH)-based decentralized finance (DeFi) altcoin is on the rise after gaining support from the top US-based crypto exchange platform. In a new thread, Coinbase says it is adding support for Euler (EUL), a lending and borrowing protocol built on top of the second-largest digital asset by market cap. “Euler (EUL) is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” Following the announcement, EUL saw a price increase, rising from an August 6th low of $11.02 to a peak of…

DeFiAug 8

Ethereum Price Faces Short-Term Pressure Before a $4,500 Rally

Ethereum price has had a massive run this month, gaining over 50% in July and bringing new excitement to the crypto market. Many traders are already calling for $5,000 ETH, but before that milestone comes into play, the first real target sits near $4,500. The path to that level may not be smooth, though. On-chain and trading data suggest one more pullback could happen before Ethereum pushes higher. Sell Pressure Builds As Taker-Sell Ratio Spikes The taker-sell ratio, which measures aggressive sell orders against buys, jumped to 0.52 on July 28. The last time this ratio hit these levels, back…

EthereumAug 8

Crypto ETFs See Record $12.8B Inflows in July as Market Rallies to New Highs

Crypto exchange-traded funds on U.S. exchanges recorded their strongest month ever in July, attracting $12.8 billion in net inflows as investor enthusiasm surged alongside rising token prices and optimism around regulation. The data, reported by Bloomberg Intelligence’s Eric Balchunas, marks a new monthly record for the sector. The only month that came close was November 2024, when markets rallied on the election of Donald Trump, who was widely viewed as favorable to crypto interests. This time, bullishness may be driven less by politics and more by fundamentals. The crypto market, as tracked by the CoinDesk 20 Index, jumped over 21%…

RegulationAug 8

89 BTC Mined in July, Total Holdings Soar to 1,511

In the dynamic world of digital assets, understanding the performance of key players is crucial. Recently, Canaan, a prominent publicly traded Bitcoin miner listed on Nasdaq, released its unaudited mining update for July. This report offers valuable insights into the company’s operational efficiency and strategic accumulation of digital assets. Canaan’s impressive results highlight its ongoing commitment to the Bitcoin mining operations space, revealing both its monthly output and significant total holdings. What’s Driving Canaan’s Bitcoin Mining Success? Canaan reported mining 89 Bitcoin in July. This figure represents the company’s output from its various mining operations during that specific month. For…

MiningAug 8