Author: NBTC

In the crypto market, investors closely monitor on-chain data for Bitcoin and altcoins, and significant volatility has been observed in both altcoins, indicating considerable change. Cryptocurrency analysis platform Santiment reported that, according to their data, there have been notable net outflows from exchanges for Chainlink and $PEPE. The decrease in the supply of both tokens held on exchanges was considered a significant signal indicating a decline in the amount of tokens available for sale in the short term. “Chainlink Experiences Net Outflow of 1.26 Million!” According to Santimente, Chainlink on the ETH network saw a net outflow of approximately 1.26…

In brief Malone Lam, 22, is due in federal court in Washington on Tuesday for a plea agreement hearing. Prosecutors say callers posing as Google and Gemini staff talked a Washington investor out of more than 4,100 BTC. The same indictment describes a racketeering group that also burgled homes to steal hardware wallets. Malone Lam, the 22-year-old Singaporean whom prosecutors identify as an organizer of the crew that took $245 million in Bitcoin from a single investor, is due in federal court in Washington on Tuesday for a plea agreement hearing. A man named in court filings only as Victim-7…

South Korean cryptocurrency exchange Korbit has identified a discrepancy between customer deposits and the exchange’s actual holdings of Harmony ($ONE) tokens, following a security incident that affected the Harmony network. According to a report from News1, the exchange holds approximately 4.49 million $ONE tokens, while customer deposits total about 4.71 million $ONE, leaving a shortfall of roughly 210,000 tokens. Details of the Shortfall The gap, valued at around 214,200 South Korean won (approximately $160 USD), is relatively small in monetary terms but significant in terms of operational integrity. Korbit has stated it plans to cover the shortfall using its own…

Solana’s ecosystem expands as Robinhood Chain and $BNB Smart Chain launch on Universal Deposit. This integration, reported by CryptoTwitter commentator @JupiterExchange, highlights Solana’s growing appeal among blockchain projects. The implications for user engagement and trading activity could be significant as more platforms utilize Solana’s capabilities. Inside the Move The announcement of Robinhood Chain and $BNB Smart Chain going live on Universal Deposit marks a notable development for Solana. Both integrations are expected to enhance Solana’s already robust ecosystem, inviting more users and potentially increasing trading activity across platforms. Given the current mixed signals in the broader crypto market, this could…

Strike founder and Twenty One Capital CEO Jack Mallers has made a forceful argument that Bitcoin’s long-term value lies not in attracting speculative capital, but in its potential to replace traditional savings and function as a reliable form of money. His comments, posted on X, directly challenge a recent critique from former Facebook executive Chamath Palihapitiya, who described Bitcoin’s current weakness as a structural issue tied to shifting liquidity and the rise of competing sectors. Responding to Structural Concerns Palihapitiya had argued that Bitcoin is facing a structural headwind as liquidity moves toward prediction markets, equities, and artificial intelligence (AI)…

The iShares Bitcoin Trust ETF (IBIT) closed at $44.46 on Aug. 26, about 30.2% below the $63.69 price needed to trigger an early exit from a $21.374 million JPMorgan structured note. The securities are bank debt linked to IBIT, not shares in the exchange-traded fund. Under the note’s final terms, JPMorgan Chase Financial Company LLC would automatically call them only if IBIT closed at or above its starting price on that date. BlackRock’s fund page reported a $44.46 close, leaving the condition unmet on the published, unadjusted figures. No standalone issuer or calculation-agent notice in the public record confirmed the…

The Optimism Foundation has announced its budget outlook for its fifth year of operation, covering the period from May 2026 to April 2027. According to the foundation’s estimates, approximately 343 million OP tokens will enter circulation during this period. The shared projection indicates that 200 million OP of the tokens expected to enter circulation will come from the Ecosystem Fund. In addition, 47.6 million OP are expected to be unlocked for early seed contributors, and 15.3 million OP for investors. As a result of these developments, OP’s circulating supply is estimated to reach approximately 2.5 billion tokens by April 2027.…

South Korea’s National Tax Service ruled on August 28 that a resident who holds crypto at an overseas exchange must still declare that account under the country’s foreign-account disclosure rules. The rule still applies even when the overseas exchange collapses and locks the holder out of trading or withdrawals. The rule lands months before Seoul begins taxing crypto gains in January 2027. Why did South Korea ask users to report holdings even if crypto exchanges collapse? A question asked by a Korean resident was what gave rise to the latest ruling. The resident was a creditor of an overseas crypto…

Upbit remains ahead of other South Korean crypto venues, recording roughly $1.04 billion in spot volume over a 24-hour window as traders continue to jump on the crypto momentum train. The figure is more than the combined turnover of Upbit’s three closest domestic rivals. The recent bitcoin rally has given the market a chance to rebound, and Korean retail money has been pulled back onto local order books as a result. Where does Upbit rank in the South Korean market? Upbit, operated by Dunamu, handled about $1.04 billion in spot trading volume in just 24 hours, beating Bithumb, Coinone, and…

Institutions are increasingly demanding privacy, faster withdrawals, and easier access to liquidity in on-chain infrastructure. This trend, highlighted by @Optimism, underscores a significant shift in institutional expectations that could shape the future of blockchain technology. As these demands grow, developers may be forced to innovate rapidly to meet the evolving needs of this sector. The Latest The broader crypto market currently shows mixed signals, with varying momentum across major assets. Institutions are expressing specific needs that could drive changes in blockchain design. The discussion led by Jing Wang at ETHGlobal emphasizes that privacy and liquidity are paramount for institutional players.…