Author: NBTC

HyENA has announced plans to close every market between Aug. 31 and Sept. 2 after processing more than $4 billion in trades for over 12,000 users. HyENA will remove markets over three days HyENA said in an Aug. 28 shutdown announcement that it would stop operating after changes in Hyperliquid’s stablecoin setup reduced the opportunity for $USDe-backed margin products. The platform will begin delisting markets on Aug. 31 and complete the process on Sept. 2. Rather than closing every contract at once, HyENA will remove one market per hour throughout the scheduled period. Users do not have to close their…

Bitcoin price hovered near $63,000 on Aug. 1 as US ETF outflows, weakening momentum and regulatory uncertainty kept buyers on the sidelines. Bitcoin price struggles to hold $63,000 According to data from crypto.news, Bitcoin (BTC) price traded at approximately $63,082 at the time of writing after briefly falling below $63,000 during the latest selloff. The asset has now erased most of its recovery from the July 21 high near $66,900. The daily chart places Bitcoin directly below the 78.6% Fibonacci retracement level at $63,150. This level is measured from the decline between the May peak of $82,492 and the June…

Wells Fargo Investment Institute has changed its Federal Reserve outlook as the debate over another tightening cycle returns. The institute now expects one 25-basis-point increase during 2026 and another increase during 2027. That path would eventually place the federal funds target range at 4.00% to 4.25%. For crypto investors, the change matters through interest rates, market liquidity, and demand for risk assets. Bitcoin does not respond mechanically to every Fed move, and Wells Fargo’s call is only a forecast. Still, research has found that tighter U.S. monetary policy can weaken the common price cycle across crypto assets. The new forecast…

Zcash has made a retreat from an eight-year high on Monday, as it has shed part of the rally that saw the privacy coin go up by over 55% in days after Grayscale moved to convert its Zcash Trust into a US spot exchange-traded fund. Zcash ($ZEC) rose to over $880 on August 23 before easing. The figures it hit in the past few days are the strongest level it has attained since 2018. Before it started dropping, the gains it had made over the week were around 66%. However, it is currently trading around $814. The token has a…

Speaking at the SALT conference in Jackson Hole, Wyoming on Tuesday afternoon, Senate Banking Committee Chairman Tim Scott said the bill has a “really good shot” of moving forward in September. “There’s no question about the fact that this will become law,” Scott said. “The only question is how do we get it to the finish line, and when does that happen?” The Senate is scheduled to hold a procedural vote on the crypto market structure bill on Sept. 15, a key test of whether supporters have enough votes to advance the legislation. Having a firm date could put pressure…

MoonPay is expanding deeper into onchain trading with the acquisition of Rhythm, a platform built to help traders find opportunities, execute transactions and manage risk across fast-moving crypto markets. The deal brings Rhythm’s technology and its three co-founders, Joseph Murphy, James Miller and Lincoln Barnett III, into MoonPay. The acquisition also closes a loop that began last year. Rhythm was the first company backed by MoonPay Labs in 2025, giving MoonPay an early look at the platform before ultimately deciding to bring the team and technology in-house. For MoonPay, the deal adds another piece to a business that has expanded…

Bitcoin is currently hovering at around $62.9K. The $BTC chart is forming a bearish engulfing pattern. The dominant digital asset, Bitcoin ($BTC), is currently trading at $62,984 with a session range between $62,410 and $64,432. Meanwhile, its trading volume is sitting at $27.84 billion, with the $BTC market having seen $97.62 million in liquidations over the past 24 hours. The 3-day chart from Alicharts exhibits that a TD Sequential sell signal has printed just ahead of August, a month that has historically been associated with Bitcoin pullbacks. Adding to the bearish case, $BTC has printed a bearish engulfing candle on…

Bitwise $XRP ETF Sets Three Consecutive Volume Records Trading activity in the Bitwise $XRP ETF accelerated sharply during the three sessions ending Aug. 24, according to Bitwise Asset Management President Teddy Fusaro. The three-day run marked the fund’s busiest stretch since it began trading in November 2025, and it landed during a sharp August recovery in $XRP’s price. Fusaro shared on X: “Volumes in the Bitwise $XRP ETF have really popped over the last 3 sessions. Over $80 million traded today, and over $60 mm each of the prior two days – each of which would have been its highest…

The Securities and Exchange Commission’s (SEC) new regulatory proposal marks a significant step forward from a set of “inapt” crypto rules to clearer and more enforceable digital asset regulations, according to Commissioner Hester M. Peirce. A “whole generation has struggled with the SEC’s insistence” and the application of “a set of inapt rules to crypto,” but the SEC’s new crypto guidelines mark an important step toward “putting clear, sensible, enforceable rules in place for crypto offerings,” said Peirce in a statement released on Tuesday. SEC Chairman Paul S. Atkins also praised the initiative and said that the agency’s prior enforcement-heavy…

Upbit, South Korea’s largest cryptocurrency exchange, will end trading support for Synthetix ($SNX) at 3:00 p.m. local time on September 28, according to an official notice published on August 28. The decision removes the $SNX/BTC trading pair from the platform and converts a weeks-old caution into a firm delisting date, giving holders a clear timeline for moving their assets off the exchange. Upbit, which dominates Korean won-denominated crypto trading, has stepped up delisting activity this year as local regulators push exchanges to tighten their listing standards. A Delisting Weeks in the Making Upbit added $SNX to its warning list on…