Author: NBTC

Chainlink, a leading decentralized oracle network, has executed another buyback of its native $LINK token, transferring 127,740 $LINK—worth approximately $1.12 million—to a dedicated reserve wallet. The transaction, reported by blockchain tracker Onchain Lens, brings the reserve’s total holdings to 5.48 million $LINK, valued at roughly $48.5 million at current prices. The average acquisition cost for these tokens stands at $11.14 per $LINK. What This Means for $LINK Holders This buyback is part of Chainlink’s ongoing strategy to manage its token supply and demonstrate confidence in the network’s long-term value. By accumulating $LINK in a reserve, the project effectively reduces circulating…

Bybit announced today that it’s launching Forex Perpetual Contracts for EUR/USD, GBP/USD, and USD/JPY, extending its derivatives business into the trillion-a-day global forex market. All the contracts will be settled in USDT. They have no expiry date and track the underlying spot currency pairs, while allowing traders to use crypto assets as collateral. The move builds on a broader shift in which major cryptocurrency exchanges and trading venues, in general, are increasingly offering access to traditional financial assets through derivatives and tokenization. FX Perpetuals Expand Bybit’s TradFi Suite The first listings are EURUSDUSDT, GBPUSDUSDT, and USDJPYUSDT, with leverage of up…

Canaan Inc. reported second-quarter revenue of $31.9 million on Sept. 8, down from $62.7 million in the preceding quarter and $100.2 million a year earlier. The Bitcoin-mining equipment maker also posted a $97.6 million net loss as weaker machine demand, lower bitcoin prices and non-cash charges weighed on the period. The company’s unaudited financial results cover the three months ended June 30. Product revenue was $13.6 million and mining revenue was $17.7 million, while other revenue contributed $600,000. Canaan attributed the product decline to lower computing power sold and a reduced average selling price. Gross loss reached $29.3 million Canaan…

Bitcoin price has slipped back toward $65,000 after spot ETF outflows, a major options expiry and rising oil prices stopped its rebound from extending beyond $66,800. According to data from crypto.news, Bitcoin ($BTC) price traded near $65,050 on July 24, down about 2.6% from its July 21 peak. Traders remained cautious as the pullback brought the price closer to a large derivatives settlement level and a rising trendline that has supported the recovery since late June. U.S. spot Bitcoin exchange-traded funds recorded $225 million in net outflows on July 23, according to SoSoValue data. BlackRock’s IBIT accounted for about $202…

The tokenized real-world asset market has reached $34.6 billion onchain, but only $3.79 billion has been deployed in protocols, leaving about 89% of issued value idle. DefiLlama data shows a sharp difference between the value of tokenized assets issued onchain and the amount being used inside decentralized finance protocols. BlackRock’s BUIDL has a utilization rate of 0.64%, while Franklin Templeton’s BENJI stands at 0% and Circle’s USYC at 0.52%, according to the platform. Each product gives holders exposure to yield-bearing assets, but little of their issued value has moved into the protocols covered by DefiLlama’s utilization measure. Products created for…

Planning for the Cardano Dijkstra era hard fork is on track with no changes to the agreed-upon scope and target dates, Intersect said in its latest report. Dijkstra’s initial rollout is expected to be done in two phases, with the implementation of Linear Leios with Nested Transactions and Peras, respectively. The current goal of the Haskell node team is to deliver Phase 1 (Nested Transactions and Linear Leios) to Cardano Mainnet by the end of 2026, which will offer an incremental rollout of key Dijkstra capabilities, while Phase 2 (Peras) will be activated in an intra-era hard fork scheduled for…

A Michigan court has ordered Kalshi to keep sports event contracts unavailable in the state under a preliminary injunction that carries fines of $500,000 per day for violations. The Michigan Attorney General’s Office said Wednesday that Ingham County Circuit Court Judge Rosemarie E. Aquilina signed the order on Sept. 1, extending restrictions that have applied to the prediction market platform since a temporary restraining order was issued in June. Under the injunction, Kalshi cannot offer, list, execute or settle sports-related contracts for people located in Michigan. The restrictions cover products functionally similar to internet sports betting, including moneyline markets, parlays,…

Cryptocurrency exchange Binance has officially announced another optimization of its spot market. Three altcoins have been caught in the cleanup: $OPEN, SAGA and VELODROME. On September 11, 2026, at 03:00 UTC, the platform will completely stop trading the $OPEN/$FDUSD, SAGA/$FDUSD and VELODROME/$USDC pairs. For the market, this is a classic scheduled cleanup. The exchange regularly monitors the liquidity and trading volumes of all instruments available on the platform. If traders lose interest in a particular pair, it is removed to avoid overcrowding the exchange’s order books and maintain the overall quality of the trading environment. Such cleanups have become routine…

Plattsburgh officials are considering a 12-month moratorium on new and expanded cryptocurrency mining, artificial intelligence and other high-energy computing facilities while the New York city updates its zoning rules. Mayor Wendell Hughes introduced Local Law P-2 on Aug. 20. The Common Council held a public hearing on Sept. 3 but has not adopted the proposed crypto mining and AI data center ban. The measure would cover commercial facilities primarily devoted to cryptocurrency mining, blockchain validation, AI computing, machine learning, cloud computing, digital asset processing, server farms and colocation services. A covered facility must require High Density Load Service under the…

ETF Demand Is Driving Bitcoin, but Price Faces a Supply Wall Bitcoin gained roughly 10% in July, rebounding from lows near $58,000 to around $63,955 by July 24. However, Bitfinex analysts believe 3.55 million $BTC acquired near $68,000 are blocking a sustained move above that level. The analysts framed the market’s recent advance around crypto-native demand rather than broader technology-sector momentum and correlations: “What is driving $BTC price action in July is internal to the cryptocurrency market: exchange traded fund (ETF) flows and derivatives positioning.” According to Bitfinex, spot bitcoin ETF demand has become the dominant force behind July’s rally,…