Author: NBTC

Circle minted another roughly $750 million worth of $USDC on Solana on July 13, pushing its cumulative issuance on the network this year to around $68.26 billion, according to blockchain tracker Onchain Lens. The action emphasizes Solana’s position as one of the major crypto platforms for dollar liquidity as the market participants continue to observe $USDC minting as an early sign of capital movements. $USDC is a significant asset in the digital economy. It is commonly used to settle trades, provide collateral for lending and derivatives usage, and execute transactions relating to real-world assets in their tokenized form. As a…

South Korea’s Financial Services Commission (FSC) has resumed efforts to advance a second-stage virtual asset law, commonly referred to as the Digital Asset Basic Act, according to a report from Yonhap Infomax. The move signals a renewed push to establish a comprehensive regulatory framework for digital assets, building on the country’s first-phase legislation that took effect in July 2024. Private Talks Aim to Smooth Legislative Path Financial authorities and the National Assembly revealed on Aug. 13 that the FSC held private discussions late last month with Yoo Dong-soo, chair of the National Assembly’s Political Affairs Committee and a member of…

Bitcoin is testing a major resistance zone after its four-hour SuperTrend indicator produced a fresh bullish signal near $64,700. A confirmed move above $65,600 could send $BTC toward $67,000-$69,000, while another rejection would raise the risk of a decline toward $61,300. Bitcoin SuperTrend Flips Bullish Near $64,700 Bitcoin’s four-hour chart shows a fresh SuperTrend buy signal as $BTC trades near $64,656. The indicator’s previous bullish signal on July 3 preceded a 16% advance from $57,700 to $68,900, according to Ali Charts. Bitcoin 4-Hour SuperTrend Buy Signal Near $64,656. Source: Ali Charts (@alicharts) The latest signal suggests short-term momentum has shifted…

Ethereum price traded near $1,905 on Aug. 18 as tightening daily and 4-hour ranges placed the $1,920 resistance level at the center of its next major move. Ethereum price tightens inside a symmetrical triangle According to data from crypto.news, Ethereum ($ETH) price was trading at $1,904.89 after moving between an intraday low of $1,885.78 and a high of $1,914.38. The price was down about 0.5% on the day but remained inside the narrow range established since late July. Ether’s recent lower highs and higher lows have created a symmetrical triangle on the daily chart. The upper trendline has fallen from…

As prices in Bitcoin and altcoins continue to fluctuate, this has also been reflected in spot ETFs. At this point, there was an outflow from spot Bitcoin ETFs, while Ethereum ETFs experienced a net inflow. According to Farside Investors data, US spot Bitcoin ETFs recorded a net outflow of approximately $11.6 million yesterday, July 27. This marks the third consecutive day of outflows from $BTC ETFs, although the rate of outflows has begun to slow. BlackRock’s IBIT fund led the way in Bitcoin ETF outflows with $8.8 million, followed by Fidelity’s FBTC fund with $2.8 million. While no outflows were…

Long-time crypto trader Ogle warned on July 13 that small meme coins with limited liquidity can collapse within minutes when a few large holders decide to sell. Pointing to recent losses around the latest sensation in the space, $CASHCAT, the market watcher reiterated the risks in chasing fast-moving tokens, where paper gains can disappear really fast when leverage, thin markets, and concentrated ownership collide. Why a Few Wallets Can Move the Whole Market In a post on X, Ogle made a basic observation about this market: that a lot of people are sitting on hundreds of thousands, sometimes millions of…

The SEC votes August 14 on its first formal crypto rulemaking. The proposal creates three exemption pathways, a decentralization off ramp for tokens, and a framework that could make congressional legislation optional. Here is what each provision means in practice. Summary The SEC will hold an open meeting on August 14 to vote on publishing Regulation Crypto, a roughly 400 page proposed rule that would create a tailored offering regime for investment contracts involving crypto assets, the first time the agency has attempted formal rulemaking for digital assets rather than regulating through enforcement. The proposal includes three distinct pathways: a…

Bitcoin is breaking out of a textbook cup and handle at $64,742 on August 6, with spot ETFs already logging their best week since May and a cycle bottom signal flashing on Net Capital Flows. $BTC Breaks the Cup and Handle With RSI Above 50 $BTC Price Action (Source: TradingView) The daily chart shows $BTC completing a cup and handle pattern that formed between the June low near $57,700 and the August recovery. The cup base formed through June and early July, price recovered to retest the neckline near $65,000, pulled back to form the handle between $62,000 and $64,500,…

The Ethereum Foundation has issued a warning to developers of wallet services, gas-fee calculators, and blockchain explorers ahead of the upcoming Glamsterdam hard fork. The long-standing rule that a simple $ETH transfer always costs 21,000 gas will no longer universally apply, according to a report from CoinDesk. What Changes with the Glamsterdam Upgrade Transfers to existing addresses will still require 21,000 gas. However, transfers to new addresses will incur an additional state gas fee of approximately 183,600 gas. This extra cost arises because the network must create and permanently store new state data when an address is first used. The…

“Digital assets are becoming an increasingly important component of diversified investment portfolios,” Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said in a press release. “As client interest in digital assets continues to grow, we’re focused on providing a range of digital asset solutions that allow investors to diversify their portfolios across traditional and decentralized asset classes while also adhering to Morgan Stanley’s standards for governance, infrastructure and risk management.” Both products charge a 0.14% expense ratio — the lowest on the market — and plan to stake a portion of their ether or $SOL holdings, with any…