Author: NBTC

Since the October 2025 peak, Bitcoin has failed to sustain an uptrend, falling 48% from its $ATH. Amid this extended market weakness, long-term holders, especially institutions, have seen their losses skyrocket. The rising losses have pushed many of these firms to a breaking point, and they are not only capitulating but also walking away. KULRTech dumps $9 million in Bitcoin Treasuries that rushed to accumulate Bitcoin [$BTC] from late 2024 and 2025, fearing they would miss out, have found themselves operating at a loss. Others were pushed to capitulate to avoid more losses, and one such Bitcoin treasury company is…

The UAE’s Federal Tax Authority (FTA) has introduced a new framework for businesses that deal with digital currencies and VAT. For a long time, businesses conducting a taxable transaction involving cryptocurrency would simply report the crypto amount in their VAT return. However, now with the new tax framework, businesses are required to convert the value of that digital currency into UAE dirhams (AED). The main purpose of this is to ensure that the transaction can properly be disclosed for VAT purposes. Issued by the FTA, there is a three-step conversion mechanism to determine the dirham value contained in the Directive…

A major Chainlink ($LINK) investor ended a 30-day accumulation period and transferred a batch of 984,550 tokens to the U.S. exchange Coinbase. The whale’s move interrupted a quiet phase in the market and sparked concerns among crypto market participants about a possible sell-off. According to on-chain tracker OnchainLens, the address “0xF5B007…1d8A1” deposited approximately $9.23 million worth of tokens into Coinbase. This move followed a month-long lull, during which the investor methodically withdrew tokens from Binance hot wallets, accumulating around 2.41 million $LINK. Chainlink whale ‘0xF5B007’ shifting nearly 1 million tokens to Coinbase, Source: OnchainLens / Arkham The latest transfer represents…

Prediction market Kalshi won’t let you bet on whether New Jersey’s case against it will reach the US Supreme Court, or what verdict the Supreme Court would issue if it ever did. That’s according to Barron’s reporter Nick Devor, who claims that Kalshi’s policy means it “won’t have a way to hedge against the biggest risk to the company’s business.” A Kalshi spokesperson told Devor that the firm could list a market on the Supreme Court’s actions if it wanted to, “but is not doing so on principle.” Devor also notes that Kalshi doesn’t want to introduce a market which…

Bulktrade is making a significant entrance into the decentralized trading space, recently surpassing Hyperliquid in initial trading volume following its Mainnet Beta launch. This development, highlighted by crypto commentator @SolanaFloor, indicates a competitive shift within the Solana ecosystem. As decentralized trading platforms evolve, this launch could set the stage for further innovations and market dynamics in the coming weeks. Breaking It Down In the latest market developments, Bulktrade has outperformed Hyperliquid in its first day of trading volume after launching its Mainnet Beta. This achievement comes at a time when the broader crypto market is exhibiting mixed signals, suggesting varying…

The Bitcoin Policy Institute (BPI) has been included by the US State Department as one of the founding partners in its new diplomatic initiative. This suggests that Washington is realizing the key role of Bitcoin in its strategic toolkit and is hence moving towards its increasing acceptance, at a time when institutional appetite for digital assets continues to be subdued. This move is unlikely to bring about any substantial changes. However, it still stands as an important signal about the rising importance of Bitcoin in the US policy-making board, even if the market players are not yet ready to let…

A $4.5 billion US large-cap stock fund now has two crypto-sensitive companies at the top of its portfolio. The Fundstrat Granny Shots US Large Cap ETF’s Sept. 4 holdings snapshot ranked Bitcoin-treasury company Strategy (MSTR) first at 3.02% and retail financial platform Robinhood Markets (HOOD) second at 2.99%. Together they represented 6.01% of the portfolio. The fund, known by its ticker GRNY, reported $4.533 billion in assets and 42 holdings as of Sept. 3. GRNY owns equities, not Bitcoin, and describes itself as an actively managed US large-cap fund. Yet its two largest holdings connect shareholders to crypto through public…

Dogecoin currently trades in the red, as are the majority of crypto assets in the market. At the time of writing, $DOGE was down 0.15% in the last 24 hours to $0.699 and down 0.42% weekly. Amid the quiet mood in the market, Dogecoin Foundation developer Paulo Vidal shared a fun tweet which centers around the “88” number. “Somehow 88 feels like a very Dogecoin number,” Vidal said in conclusion while sharing the reason for this take. In a separate tweet, Vidal shared a fun fact highlighting that the Dogecoin Genesis block Coinbase Reward was 88 $DOGE while sharing a…

“Saint Seiya” creator Masami Kurumada has sued his former manager and other defendants for roughly 2.89 billion yen ($19.6 million) after alleging that billions of yen were diverted from his companies over six years, with some of the money believed to have been invested in cryptocurrency. According to the lawsuit filed with the Tokyo District Court on Sept. 2, Kurumada Production and two other companies headed by the 72-year-old manga artist claim they suffered approximately 4.68 billion yen in losses between 2018 and 2024 through unauthorized transfers and diverted licensing payments. The former manager, who served as a director of…

OKX has launched a $100K competition for developers to build innovative projects using XLayerOfficial. This initiative, highlighted in a tweet by the crypto exchange, aims to foster creativity in areas like tokenized stock applications and AI-native products. The application deadline is September 11, underscoring the urgency and potential impact of this opportunity. You can find more details in the original tweet here. The Key Development Traders scanning the order books got a surprise when OKX announced its Dev Day competition. The call for developers comes as the broader crypto market shows mixed signals. While many major assets are fluctuating, this…