Author: NBTC

Cross-chain interoperability provider LayerZero will withdraw off-chain support for 14 low-activity chains, including Arbitrum Nova. In its latest statement, the firm said that its DVN (decentralized verifier network) and Executors, collectively responsible for off-chain communication between different chains, will be deprecated for the 14 chains. The affected networks include Cronos zkEVM, Degen, Skale Europa, Superposition, Shrapnel, and more. As a result, some assets, including stablecoins (USDT and USDC) across these chains, could be stranded if not moved before the full shutdown. According to LayerZero, the off-chain support will be axed in 30 days (by September). Source: X Since July, LayerZero…

Bitcoin and jobs data are on a collision course this week, with the price pinned between $62,200 and $65,000 after the first economic release worked against the bulls. The ISM Manufacturing PMI printed 55.6 on Aug. 3, beating the 54.0 consensus and rising from June’s 53.3 to its highest reading since May 2022. New orders climbed to 56.7, and employment entered expansion for the first time in 33 months at 52.8. Prices paid held at 71.1, a level that keeps the inflation case alive even as growth accelerates. Bitcoin traded near $63,755 when the report landed, inside a session range…

U.S. corporation Bitmine Immersion Technologies (BMNR) increased the value of its crypto reserves by $2.2 billion in a single day amid a major Ethereum rally that pushed the altcoin above $2,200, according to CryptoQuant’s analyst Maartunn. The company emerged as the main institutional beneficiary of the current market momentum. According to Bitmine’s latest operational report, its balance sheet holds 5.815 million $ETH — nearly 4.8% of the cryptocurrency’s entire circulating supply. At the beginning of the week, this portfolio was valued at $11 billion, but following a 20% price increase, its value reached $13.2 billion. $ETH price, total invested capital,…

The official Shiba Inu ($SHIB) token account on X, which has an audience of 3.8 million followers, has suddenly shifted away from its usual focus. Instead of covering the $SHIB token and the development of its own ecosystem, the project’s media infrastructure has begun actively promoting third-party meme tokens with extremely low market capitalizations. Two unusual posts appeared on the profile one after another. In a reply beneath another account’s post, the Shiba Inu account left a brief comment openly claiming that a new, little-known frog-themed token was superior to PEPE, a genuinely major project. The post it replied to…

SKALE Labs has introduced Agent Pit, a simulated prediction market designed to provide artificial intelligence agents with a realistic training environment for trading strategies. The platform replicates the core mechanics of Polymarket, including its order book, market settlement processes, and real-time event data feeds, according to a report from The Block. What Is Agent Pit and How Does It Work? Agent Pit operates as a sandbox environment where AI agents can engage in trading activities without the risk of real financial loss. By mirroring Polymarket’s structure, the platform allows developers and researchers to test algorithms under conditions that closely resemble…

Study Suggests High EU Carbon Pricing Causes Mining Migration To Russia The strict controls that the European Union (EU) exerts over carbon emissions might be a factor in the migration of these industries, at least operationally, to jurisdictions without carbon emissions taxes. The “Does Carbon Pricing Displace Crypto-Mining Emissions? Quantile Evidence on Carbon Leakage from EU27, Russian and Rest-of-World Power Grids” study, published by Pham Ngoc Toan, Le Tran Trung Hieu, and Nguyen Vu Trung Nguyen, three Vietnamese investigators, examined whether carbon pricing in the EU could be a relevant cause behind bitcoin mining operations moving to Russia. To this…

Digital Asset, the creator of the Canton Network, and former US House Speaker Paul Ryan’s American Idea Foundation plan to pilot a blockchain-based system for distributing state-administered benefits across three US states using Canton, as reported by Cointelegraph. Inside the RISE program The RISE program is expected to launch in the first quarter of 2027 and would combine multiple benefits into monthly or twice-monthly payments, with spending rules applied to categories including food, child care, and cash. The monthly or twice-monthly structure is designed to consolidate what are often separate, siloed benefit payments into a single stream governed by program-specific…

Alongside the US stock market, bitcoin’s price is on the move on Tuesday, jumping to $64,000 for the third time in the past day or so. The question now is whether it will have more success this time. The S&P 500 just hit a new all-time high as US President Donald Trump continues to claim that his country will reach a deal with Iran, after giving the latter until tomorrow to fold. Markets are currently riding high on the hopes of a more sustainable deal and a major de-escalation. Crypto analysts speculate that the rising US stock indices could propel…

Ethereum has delivered one of its biggest daily rallies since 2018, with the cryptocurrency surging 17.9% in a single day. The move has put traders at a familiar crossroads: enter while momentum is strong or wait for the market to cool down. Real Vision crypto market analyst Jamie Coutts said the move ranks as Ethereum’s eighth-largest daily gain since 2018. But historical patterns offer little certainty over the immediate direction. According to Coutts, the odds of $ETH continuing in the same direction in the short term are close to a coin toss, while the probability of gains improves over the…

Shiba Inu is back in demand as the overall crypto market begins to see momentum build again as bulls appear to be taking over the market. After a few days of increased selling pressure, the latest onchain data from crypto analytics platform CryptoQuant shows that Shiba Inu buyers are back on the scene. Shiba Inu supply shrinks With holders now showing renewed interest in the leading meme token, the data showed that over 124 billion $SHIB has been moved out of exchanges including Binance in the last 24 hours. This shows that $SHIB holders are barely taking caution and are…