Author: NBTC

Elon Musk, the CEO of Tesla and the recently launched $1.6 trillion aerospace company, who is also a big supporter of Dogecoin, has once again fallen below the $1 trillion net worth mark. On Saturday, July 18, the Arkham Intelligence platform shared data revealing that Elon Musk’s net worth is now estimated at around $997 billion. Is SpaceX responsible? Although this is not the first time Elon Musk has slipped in and out of the trillionaire club, he still remains the world’s richest person despite the recurring drop in his fortune. Per data from Arkham, the latest decline leaves him…

Immersve, a key member of Mastercard, has reported record-breaking growth in stablecoin trading volume. This surge indicates a growing trend in the adoption of digital currencies. The information surfaced in a tweet from CryptoTwitter commentator @arbitrum, highlighting the increasing momentum in the stablecoin market. Inside the Move While the broader crypto market is showing mixed signals, Immersve stands out with its impressive month-over-month growth in stablecoin volume. This development not only underscores the escalating interest in stablecoins but also reflects Mastercard’s strategic positioning in the evolving digital currency landscape. With stablecoins gaining traction, traders are likely to monitor how this…

Empire Digital, one of the companies that places Bitcoin at the center of its treasury strategy, has made a significant change to its reserves. According to the company’s latest quarterly report, Empire Digital sold a total of 1,635 $BTC for $102.2 million between July 1 and August 6. Following the sales, the total amount of Bitcoin held by the company decreased to 1,279 $BTC. According to the data, not all of these assets are for the company’s free use. 954 $BTC of Empire Digital’s Bitcoin holdings are pledged as collateral for a $35 million debt. Therefore, the amount of Bitcoin…

Although Ethereum ($ETH) price has remained trapped in a horizontal consolidation over the past four weeks after breaking out from its multi-month bear market, on-chain data shows its tokenization of real-world assets (RWA) has grown to over $17 billion. Ethereum’s Distributed Asset Value (DAV), which tracks RWA tokens using the blockchain as a distribution layer, was at $17.36 billion on August 14, according to data from RWA.xyz. $ETH RWA’s 30D performance. Source: RWA.xyz Over the last 30 days, Ethereum’s DAV climbed 0.5%, thus solidifying this network’s lead in the tokenization bid. The $ETH’s Represent Asset Value (RAV), representing RWA tokens…

Rumors that Trade.XYZ has been seeking a $200 million equity financing at a $1.5 billion valuation have sparked conflicting views across the crypto community, with supporters calling the report credible while others have dismissed the claim. According to market chatter circulating on X and Telegram, speculation about the funding round gained traction after several community figures discussed the possibility of Trade.XYZ raising outside capital. Source: ProMint on X. The reported terms describe a $200 million equity round valuing the company at $1.5 billion, although Trade.XYZ has not publicly confirmed that such a fundraising process is underway. Community debate has split…

The trading platform trade.xyz has started to repay traders whose leveraged trades were cancelled after a single wrong SK hynix order in South Korea, which later led to around $60 million in long liquidations on Hyperliquid. This situation shows how one mistake in the traditional stock market can easily carry over to the world of on-chain derivatives, especially now that tokenized-stock perpetuals are becoming a bigger part of crypto trading. The payouts, confirmed by trade.xyz on Aug. 1, resolve a pricing incident that unfolded on July 27. The market at the center of the event, a USDC-margined SK Hynix perpetual,…

With bitcoin’s price stubbornly range-bound, the appetite for “directional optionality,” or bets on big price moves in either direction, has evaporated, he said. Directional optionality involves traders buying call or put options, or both, to profit from anticipated big moves in the underlying asset, but they aren’t doing that now. The demand for bitcoin options has weakened, and this is reflected in BVIV’s decline. A call option offers a way of buying an asset on the cheap should the price rise, in return for a small upfront cost. A put option offers insurance against price drops in the underlying asset.…

Bitfinex addressed the debate opened by EIP-8363, a proposal that aims to reduce Ethereum validator rewards to zero. The proposal, published in August, did not pass the first formal stage of the network upgrade process and received no support from any team. Founders of Aave and Ether.fi warn that eliminating the base staking yield would affect seven of the ten largest DeFi protocols. The most controversial debate over monetary policy in Ethereum since the event known as the Merge returned to the spotlight in August 2026, and Bitfinex was one of the participants to address its implications. A group of…

PayPal reported its second-quarter results on July 28, saying total payment volume reached $486.4 billion for the three months ended June 30. That was up 10% from a year earlier, or 9% on a currency-neutral basis. The company also placed stablecoins inside its formal innovation plan and confirmed a three-business structure that includes Payment Services & Crypto. The organizational shift gives crypto a clearer place inside PayPal, but it is not a stand-alone digital asset business. The division also includes Braintree, small-business processing and value-added merchant services. PayPal said the model is designed to combine those capabilities with crypto products,…

There is $1.6 trillion in Bitcoin sitting idle, earning nothing, doing nothing. Charles Hoskinson has a plan to put it to work on Cardano, and the plan quietly requires every transaction to burn a little $ADA. Whether that saves Cardano or exposes its central problem is the whole question. Cardano has a problem it has had for years, and it is not a technology problem. $ADA trades around 94% below its 2021 high, the network’s DeFi activity has long lagged its ambitions, and its founder spends a meaningful share of his time denying rumors that he is quitting. What Cardano…