Author: NBTC

An on-chain wallet suspected of belonging to an insider has transferred an additional 10.5 million $LAB tokens to the Aster exchange, valued at approximately $9.15 million at the time of the transaction. This marks the second large deposit from the same address within a 22-hour window, bringing the total transferred over the past 24 hours to $18.69 million. Pattern of Large Transfers Raises Red Flags Blockchain analyst @ai_9684xtpa first flagged the wallet’s activity after the initial transfer last night, which was followed by a sharp decline in the price of $LAB tokens. The repeat deposit suggests a deliberate strategy to…

“We view this as the first of several rulemakings the SEC will undertake to provide regulatory certainty for crypto assets after the Senate failed before the August recess to advance the Clarity Act on crypto market structure,” TD Cowen analyst Jaret Seiberg wrote in a client note sent after the SEC’s notice. The proposal is expected to give a path to crypto firms enabling them to raise capital for projects without triggering SEC registration requirements, and the businesses are also expected to be provided an exit path for getting clear of the agency’s jurisdiction when they’re not engaged in hands-on…

Binance, the world’s largest cryptocurrency exchange, has transferred more than 490 billion Shiba Inu ($SHIB) in a single transaction. According to blockchain analytics platform Arkham Intelligence, the exchange moved 498,891,481,684 (498.89 billion) Shiba Inu tokens, worth approximately $2.25 million at the time, on August 11. Binance Moves 498B $SHIB tokens Binance Transfers 498 Billion $SHIB to Cold Wallet The transaction involved Binance moving 498.89 billion $SHIB from one of its hot wallets to a cold wallet. Exchanges commonly move assets between hot and cold storage as part of their security and custody practices. Hot wallets remain connected to the internet,…

Ethereum continued its strong rally Friday as institutional inflows, renewed derivatives activity, and whale accumulation supported prices following a historic wave of short liquidations. $ETH has climbed approximately 25% since Wednesday, pushing above several major technical indicators and bringing the $2,431 resistance level into focus. Ethereum’s rally comes as Bitcoin added 21% to its value in the last few days to hit the $75,000 psychological level. However, elevated funding rates, profit-taking, and new short positions suggest the rally could encounter volatility as traders weigh the possibility of a pullback. Historic $3 billion short squeeze fuels Ethereum rally The cryptocurrency market…

Even in times when $XRP and the company behind it were not in good shape in their home country, Japan has long stood out as a major ally. However, the most recent regulatory and institutional developments suggest that the country could play an even bigger role in their future. Over the past several months, Japan has accelerated efforts to modernize its digital asset framework and has proposed legal reforms to classify many cryptocurrencies as financial instruments, paving the way for spot ETFs. It also introduced a more investor-friendly tax regime. Although the legislation still needs to complete the entire process…

South Korea is nearing an Aug. 11 deadline for public comments on proposed crypto seizure rules that could give exchanges just seven days to disclose customer holdings once served with a court order. The Supreme Court’s proposed amendments to the Civil Execution Rules would create a standardized process for creditors to freeze, identify and liquidate virtual assets held by debtors. If finalized on the current timetable, the rules are expected to take effect Oct. 1. That would leave exchanges and other virtual asset service providers roughly seven weeks after the consultation closes to prepare for a more formal role in…

Spot trading activity across decentralized exchanges [DEXs] declined sharply as bearish sentiment weighed on altcoins. Blockworks data showed that weekly Spot DEX Volume fell to $30.44 billion between the 3rd and 9th of August. This marked its lowest level since the 23rd–29th of September 2024. Weekly volume stood at $29.26 billion then. Source: Blockworks Solana [SOL], Ethereum [ETH], and BNB Chain recorded the highest daily trading volumes among tracked networks. Meanwhile, weekly Stablecoin Swap Volume across Spot DEXs fell to $5.74 billion. That represented a 75.8% decline from this year’s $23.74 billion peak, recorded between the 2nd and 8th of…

Poolin Technology and several affiliates entered Chapter 11 on July 22 with two proposed asset sales, worth a combined $52 million, tied to its West Texas mining sites. Prospective buyer Thor CALAP LLC can terminate either deal over unsatisfactory diligence through Aug. 9, five days before the court’s scheduled hearing on the bidding process and sale. Poolin Wallet customers have the most riding on that deadline, as many have been waiting since the company’s 2022 liquidity crisis, when Poolin issued IOUs to roughly 11,700 wallet holders with balances above $100. Its first-day bankruptcy declaration lists over $163.7 million of those…

Ethereum price climbed 3% to about $2,397 on Aug. 21 after reaching an intraday high near $2,448, extending a breakout driven by ETF inflows, short liquidations and stronger risk appetite. Ethereum price action today According to data from crypto.news, Ethereum ($ETH) price opened at $2,327 on Aug. 21 before climbing to $2,448 and settling near $2,397 at the time of writing. The 3% daily increase followed a much larger move that carried $ETH from below $2,000 to more than $2,300 within two sessions. The rally pushed Ethereum through several levels that had limited gains since April, including the $2,000 psychological…

The decentralized finance token $DEXE experienced a sharp price increase of 4.84% within a five-minute window on the Bitcoin World market, reaching a current trading price of $39.93. The sudden movement has drawn attention from traders monitoring volatility in the DeFi sector. Understanding the Sudden Price Movement Short-term price spikes in cryptocurrency markets can be triggered by a variety of factors, including large buy orders, automated trading algorithms, or the release of project-specific news. While the exact catalyst for this particular move remains unclear, the speed and magnitude of the increase suggest significant buying pressure concentrated in a brief period.…