Author: NBTC

After making a respectable gain in July, Bitcoin entered August, but historical data indicates that the market may be about to enter one of its most erratic times of the year. Although July has historically been a positive month for Bitcoin, August has performed inconsistently in prior market cycles, so the upcoming weeks will be crucial in determining whether the recovery can continue. Evaluating median returns The average August return for Bitcoin since 2013 is slightly over 1%, according to historical monthly return data; however, the median return is actually negative. This disparity can be attributed to a few exceptionally…

Every swap on a decentralized exchange leaves a small mark behind: a price that no longer matches the wider market. That gap, tiny as it usually is, quietly funds an entire industry of arbitrage bots and MEV searchers. New research from the MEV-X research team, working with academic collaborators from HSE University, digs into exactly how much value gets created by these micro-dislocations, and who actually ends up keeping it. The findings point toward a specific answer for AMM fee optimization: pools that charge nothing on arbitrage trades capture the most total value, even though that sounds backwards at first…

The larger limit applies to liquidity-support buybacks in the 10- to 20-year and 20- to 30-year Treasury sectors. The new U.S. Treasury ruleset takes effect Sept. 9 and continues through the current refunding quarter, which ends Nov. 4. The Treasury disclosed that the change reflects consistently strong participation in the longer-dated operations. Market participants have submitted significant volumes of high-quality offers, giving Treasury a reason to increase the amount it is prepared to purchase. An updated buyback schedule will be released later. Treasury plans to provide further details on future operation sizes at its next Quarterly Refunding announcement on Nov.…

A Pseudonymous trader, ‘watershedpath’, is sitting on a $58 million paper profit from his largest-ever long position in $HYPE on-chain, Arkham revealed in a post. However, the trader withdrew $18.5 million from the position. It is a rare insight into the strategy of one of the largest holders of Hyperliquid’s native token. Who is this $HYPE whale? Arkham estimated the position in question at $111 million, which makes it the largest long on $HYPE on-chain. It looks like the position has been held for a while now. The on-chain data firm stated that the trader holds this position “for almost…

Anyone who wants to check whether a crypto platform is authorised at all in the European Union sooner or later comes across an official register built for exactly that purpose. The European securities regulator ESMA has maintained a register of non-compliant firms since February 2025. It is meant to collect, across Europe, those providers that supply crypto-asset services without the required permission. We downloaded the register file on August 16, 2026, counted it line by line and called up every web address stored in it individually. The result sits awkwardly beside the European ambition of this register. Of 167 entries,…

The world’s largest corporate Bitcoin holder has responded to a multibillion-dollar blow to its balance sheet in trademark fashion as Strategy chairman Michael Saylor posted the laconic message “Bitcoin Drive engaged,” which the market may interpret as a signal that the company’s forced defensive phase is ending and that it could soon return to major cryptocurrency purchases. The intrigue lies in the fact that this bullish teaser appeared immediately after the publication of an extremely difficult financial report. Strategy posted a net loss of $8.22 billion for the second quarter of 2026. Bitcoin Drive engaged. pic.twitter.com/sFpTPiMdak — Michael Saylor (@saylor)…

Lido, a leading liquid staking protocol, has announced a revision to the fee structure of its EarnETH vault. The updated model will see the assets-under-management (AUM) fee reduced to a maximum of 0.5%, while the performance fee is set to increase to 20%. Initially, the fees will be set at 0.2% of AUM and 15% on performance, as detailed in the latest update. Understanding the Fee Changes Previously, the EarnETH vault charged a 1% fee on assets under management and a 10% performance fee. The new structure lowers the fixed management fee, which is paid regardless of returns, while increasing…

Japanese $BTC treasury company Metaplanet has disclosed a deal that will put a man Bloomberg describes as “Tokyo’s King of Death Spiral Financing” on both sides of the takeover. Metaplanet wants to take control of Nasdaq gaming company Super League Enterprise in a $135 million deal. Once the takeover is complete, Evo Fund, a Cayman islands fund launched by Princeton graduate and former Barings trader Michael Lerch, will pick up warrants for up to 10 million Super League shares. It also financed Metaplanet’s $BTC buying in Tokyo, putting Lerch on both sides of the deal. Moreover, Evo’s fund bought into…

Coinbase CEO Brian Armstrong has signaled optimism for the cryptocurrency market, citing a scheduled bipartisan vote on the CLARITY Act in the U.S. Congress. In a post on X (formerly Twitter), Armstrong wrote that the vote, set for September 15, could pave the way for an “Uptober” — a term used by traders to describe a historically strong October for crypto — and the next major rally. His comments come as Bitcoin rebounded roughly 7% in early trading on August 19, reflecting a broader improvement in market sentiment. What Is the CLARITY Act? The CLARITY Act, short for “Clear Legislation…

Saylor’s ‘Bitcoin Drive’ Post Revives Buy Expectations Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor reignited speculation that the company will announce another bitcoin purchase on Monday after posting “Bitcoin Drive engaged” on Aug. 2. The Sunday message accompanied Strategy’s familiar acquisition tracker, continuing Saylor’s pattern of signaling treasury developments shortly before weekly disclosures. Saylor’s accompanying tracker displayed Strategy’s bitcoin reserve at 843,775 $BTC with a market value of approximately $53.25 billion. It also showed an average cost of $75,653 per bitcoin, an unrealized performance of -$10.58 billion (-16.58%), and 113 purchase events as of Aug. 2. A similar Sunday…