Author: NBTC

Seven spot funds now hold nearly a billion tokens. Daily volume broke $125 million on August 20, then $200 million across three sessions by the weekend. The infrastructure is scaling faster than the market has priced. Seven exchange traded funds, seven issuers, and a fee war that has pushed expense ratios to levels the bitcoin ETF market took months to reach. The trading volume record on August 20 did not arrive in isolation. It came alongside the largest weekly inflow since May, a whale accumulation wave visible on the $XRP Ledger, and a derivatives market that swung from a short…

The United Kingdom is reportedly moving toward treating stablecoins more like traditional money for tax purposes, with draft guidance suggesting that disposing of stablecoins would not trigger capital gains tax. The update was highlighted by Aave founder Stani Kulechov, who noted on X that Her Majesty’s Revenue and Customs (HMRC) guidance indicates stablecoin disposals would be excluded from capital gains tax, while any interest-like income generated from holding stablecoins would be taxed as savings income starting in April 2027. What the draft guidance means According to Kulechov, the plan is still in draft form, but it represents a significant shift…

Sui has announced official support for KuCoin Web3 Wallet, allowing users to manage assets within the Sui ecosystem directly through the wallet. The integration marks a step forward in cross-platform accessibility, as Sui highlights that transactions on its network reach finality in under one second—a key differentiator in the blockchain space. What the Integration Means for Users With this integration, KuCoin Web3 Wallet users can now connect to Sui-based decentralized applications (dApps) and manage tokens, NFTs, and other assets without leaving the wallet interface. This removes a significant friction point for users who previously needed to switch between multiple tools…

Galaxy Research announced the detection of a third wave of attacks believed to target addresses created on Coldcard devices. The latest wave reportedly resulted in the withdrawal of 207.7294 $BTC, bringing the total loss to 1,367.05 $BTC, or approximately $88.6 million, across 4,585 addresses. According to the research firm, the first two waves of attacks exhibited largely similar on-chain behavior. Both waves saw funds being transferred to a small number of shared collection addresses, P2WPKH addresses being used, and wallets originating from different derivation paths being targeted. The approximately 27-hour interval between the two waves and the similarities in transaction…

Bitcoin held steady near $64,250 on Wednesday, inching up on the day and adding roughly 1% for the week, even as a sharp selloff tore through global semiconductor stocks. The split screen was hard to miss: while digital assets mostly drifted higher, the cryptocurrency and semiconductor market told two very different stories on the same trading day, one calm, one chaotic. Key takeaways Bitcoin traded near $64,250, up about 1% for the week, while Solana and Ether led gains among major cryptocurrencies. Samsung Electronics and SK Hynix each fell more than 7% in Seoul, dragging South Korea’s Kospi index down…

DeFi Development Corp. has pulled back the curtain on a new tool meant to make the Solana blockchain’s inner workings visible to anyone with a browser. The Nasdaq-listed company, known by its ticker DFDV, just launched the State of Solana dashboard, a real-time analytics platform hosted at stateofsol.com that pulls together network health data, staking figures, and market activity into one continuously updating view. It arrives at a moment when the company is also navigating a mixed quarterly earnings report and pushing forward with two new Solana-linked financial products. Key takeaways DeFi Development Corp. launched the State of Solana dashboard,…

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins said the biggest advances in technological innovation should be realized in the United States, according to a post on Watcher.Guru’s X account. The remarks were made during a White House-hosted technology industry event, though specific details of the event’s agenda were not immediately disclosed. Context and Significance Atkins’ statement aligns with a broader push by the current administration to keep the U.S. at the forefront of emerging technologies, including artificial intelligence, blockchain, and digital assets. The SEC has faced scrutiny over its approach to crypto regulation, with industry participants calling for…

Unstoppable Domains did not file applications for its web3 top-level domains in ICANN’s 2026 expansion round and is refunding customers who bought names under them, founder Matthew Gould said on Wednesday. The decision ends the promise the company had made to holders since 2019: that names like .crypto and .wallet would one day resolve in ordinary browsers, the way .com does. Six months ago Unstoppable said it would apply. “We’ve confirmed our intent to submit applications for all of these Unstoppable Originals in ICANN’s upcoming gTLD round, representing their next evolution,” the company wrote on Feb. 17, naming .ZIL, .Crypto,…

Analyst: BTC To Retest $60K Levels In August But Will Recover Quickly Andrey Poroshin presented a new prediction about bitcoin’s price behavior in August. Poroshin, who serves as a financial analyst at Bitbanker, an exchange with a presence in Russia, the UAE, and Kyrgyzstan, expects the crypto market to experience a downturn this month, with prices retesting the $60K level amid a lack of support from macroeconomic decisions. He stressed that the Federal Reserve’s recent decision to maintain interest rates failed to sway the market in either direction, with inflation still above the target 2% level. “Bitcoin ends July under…

All eyes are now on today’s minutes from the Federal Open Market Committee’s July 28-29 meeting. The minutes are expected to give markets a closer look at the Fed’s 9-3 decision to keep interest rates at 3.5%-3.75% and show how strongly officials disagreed over the next move. What Makes the July FOMC Minutes Important? The biggest point to watch is the 9-3 voting split. The three dissenting members, Beth M. Hammack, Neel Kashkari, and Lorie K. Logan, wanted the Fed to raise rates by 25 basis points. They said that inflation remains too high and that some price pressures, including…