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.

High-Risk Trader James Wynn Bags First Half-Million Profit Since May

High-risk crypto trader James Wynn, who made headlines for his aggressive leveraged trading strategies and accompanying losses, has turned a profit, earning over half a million dollars today. This marked his largest profit since May 25. This marks a dramatic turnaround for Wynn, whose luck had run dry after watching all his previous gains wiped out by highly leveraged positions on Hyperliquid. James Wynn’s Trading Rollercoaster Ends in Green—for Now In June, BeInCrypto reported on Wynn’s substantial $100 million loss on Hyperliquid. Despite the blow, he continued making high-stakes bets. This month, the blockchain analytics platform Lookonchain highlighted that Wynn…

MarketsAug 3

Rumors Say SEC May Drop Ripple & Coinbase Lawsuits

There are speculations that SEC will withdraw litigation against Ripple and coinbase. This follows a significant policy change in the US regarding cryptocurrencies. According to the reports by Reuters, the administration of Trump is undoing the steps that were already taken in the past concerning enforcement. A number of legal charges, such as high-notification suits against exchanges, are pending. In December 2020, the legal action of the SEC against Ripple began due to claims of unregistered sales of securities. The case established that the classification of digital assets in the U.S. could occur. Coinbase was also subjected to a different…

RegulationAug 3

Binance RUNE Suspension for Essential THORChain Network Upgrade

In the fast-paced world of cryptocurrency, staying informed about exchange announcements is crucial for every investor and trader. A significant development has just emerged concerning THORChain (RUNE) holders on Binance. The global crypto exchange giant, Binance, has announced a temporary Binance RUNE suspension of deposits and withdrawals for the THORChain network. This move, scheduled for July 31st, 2024, at 17:00 UTC, is in direct support of an upcoming, vital upgrade to the THORChain network. Understanding the implications of this suspension and what steps to take is paramount for ensuring your assets remain secure and accessible. Understanding the Binance RUNE Suspension:…

ExchangesAug 3

USDT Transfer Volume Hits $52.9B as BNB Chain Overtakes Ethereum Since May

USDT transfer volume has climbed to $52.9 billion on a 30-day moving average basis, marking a steady recovery in stablecoin velocity since the early 2022 market turbulence. According to Glassnode data, this gradual increase shows consistent growth in market activity and stablecoin adoption across multiple blockchain networks. The sustained volume growth comes as Tether issues over $13 billion in new USDT during Q2 2025, bringing the total circulating supply to $157.1 billion. This represents a $20 billion year-to-date increase and widens the gap with competing stablecoins to over $100 billion according to CEO Paolo Ardoino. BNB Chain Captures Market Share…

BlockchainAug 3

Bitcoin May Consolidate in $120K-$130K, Here are 3 Reasons Why

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Looks north; Dealer gamma, Vol and DXY in focus Bitcoin just shattered records, surging past $123,000 early Monday, continuing the march to $140,000 levels indicated by the strong breakout in BlackRock's IBIT last week. There's every reason to be incredibly bullish here as we face a "Goldilocks" moment for bitcoin: a pro-crypto U.S. President calling for ultra-low interest rates against the backdrop of fiscal splurge and stock market highs. It's an unprecedented alignment of bullish BTC factors. BTC's daily…

BitcoinAug 3

Ether Treasury Companies to Eventually Own 10% of Supply: Standard Chartered

Corporate treasury participation in ether (ETH) has surged in recent months, with institutional entities now holding 1% of the cryptocurrency’s circulating supply, according to a report from investment bank Standard Chartered (STAN). The bank predicts that ether treasury holdings could reach 10% of total supply over time, a 10-fold increase from current levels. The pace of buying rivals inflows into spot ether exchange-traded funds (ETFs) , which are themselves seeing record demand, the report said. Several companies have recently unveiled ether treasury strategies that generate passive yield through ETH staking. These include BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET).…

EthereumAug 3

The UK 250-page stablecoin review confirms it is playing catch up

The UK has finally decided to open a discussion on stablecoins, in the year 2025, by publishing a nearly 250-page consultation paper. That would be less embarrassing if Japan hadn’t passed its Stablecoin Law in 2022. Or Singapore in 2023. Or Abu Dhabi in 2024. Or if the US Congress and President Trump didn’t just approve the GENIUS Act, which gives stablecoins a central place in American financial infrastructure. But here we are, the UK (a big deal in global economics and financial markets) is still writing reports. It’s not even late at this point, it’s completely out of the…

MarketsAug 3

SEC Pseudo-Outsources Crypto ETF Decisions to CFTC Through Futures Rule

The SEC has effectively transferred crypto ETF approval authority to the CFTC by establishing futures contracts as the primary qualification standard for digital asset exchange-traded products. Bloomberg analyst James Seyffart described this arrangement as “pseudo-outsourcing” decision-making power to the derivatives regulator. Under the proposed listing standards, cryptocurrencies need only show six months of futures trading on the Coinbase derivatives exchange to qualify for ETF inclusion. This framework removes traditional investment product requirements and places the CFTC in control of which assets can access ETF structures. If the rule is finalized as-is, the SEC pseudo outsourced the decision making for which…

RegulationAug 3

Wall Street Split on Trading Slump vs. Services Growth

Coinbase (COIN) will report second-quarter earnings after Thursday’s market close and expectations are diverging sharply on Wall Street as analysts weigh falling trading volumes against a wave of regulatory developments and product rollouts. FactSet consensus estimates peg the company’s revenue at $1.59 billion in the second quarter, up from $1.45 billion in the same period last year. Earnings per share are expected to come in at $1.25. Below the surface of those topline numbers, however, lies a debate over what matters more right now: declining crypto spot volumes or Coinbase’s growing subscription and services (S&S) business, fueled by higher interest…

ExchangesAug 3

Subzero Labs’ Rialo rethinks app development with a Web2 approach to Web3

Subzero Labs is betting that its newly-funded network Rialo, with its native event triggers and Web2-like reactivity, can reverse developer exodus from crypto. If it works, the Pantera-backed network could rewrite the rules of blockchain usability. Summary Subzero Labs has raised $20M led by Pantera Capital to launch Rialo, a new blockchain aimed at solving crypto’s developer retention crisis. Built by alumni from Meta, Netflix, Solana, and Diem, Rialo prioritizes real-world integration with event-driven architecture and native web connectivity. According to a press release dated August 1, Subzero Labs has emerged from stealth with a $20 million funding round led…

BlockchainAug 3