Author: NBTC

The flagship meme coin of the new Robinhood Chain network, Cash Cat ($CASHCAT), has been put through a brutal market test. During trading, the price of the token’s perpetual futures on Hyperliquid briefly collapsed by more than 60%. The chart printed a massive vertical wick downward — from peak levels above $0.190 to a local bottom near $0.080 — before the price quickly rebounded. Robinhood Chain, a new Ethereum-based Layer 2 network, launched only recently, and the $CASHCAT token became its main growth driver. The coin’s name was not chosen by accident: “Cash Cat” was Robinhood’s original working name during…

The Clarity Act, considered one of the most important pieces of legislation in the US regarding Bitcoin and the cryptocurrency market, is stalled in the Senate. The Senate failed to advance the Clarity Act before the August recess, postponing discussion of the draft until September. Following the postponement of the CLARITY Act until September, the U.S. Securities and Exchange Commission (SEC) is preparing to advance the regulatory framework for the public offering of certain investment contracts involving crypto assets. According to Eleanor Terrett, host of the Crypto In America program, the SEC will hold an open meeting on Friday to…

The following guest post is written by Peter Wilkinson, CEO of the crypto exchange BitMEX. My name is Peter Wilkinson, current CEO of BitMEX. I joined BitMEX out of the traditional finance sector where I’d been an in-house lawyer at an insurance company. I received an intriguing call from a headhunter that BitMEX was in urgent need of lawyers. During my first interview, I was asked how quickly I could start and whether they could buy me out of my notice at my previous role. I could tell this was no ordinary company. At this stage, I only had a…

U.S. spot Bitcoin exchange-traded funds recorded net inflows of approximately $211.5 million on Aug. 4, marking a second consecutive trading day of positive flows, according to data from Farside Investors. The latest figures suggest a rebound in investor appetite for regulated crypto exposure after a period of mixed activity. BlackRock and Fidelity Lead the Inflows BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the majority of the day’s inflows, attracting $170.3 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added another $19.6 million. These two funds have consistently been among the largest and most liquid spot Bitcoin ETFs since their launch in…

An Ethereum whale linked to the BIT exchange has taken profits on a significant portion of its long position, realizing a $9.9 million gain, according to on-chain analyst ai_9684xtpa. The address closed 40,000 $ETH from a previously accumulated 120,000 $ETH long position, which was entered at an average price of $2,513. This move comes as $ETH shows volatility, prompting other BIT-linked addresses to increase their exposure. Profit-Taking and Market Timing The whale’s decision to sell 40,000 $ETH at a profit underscores the importance of strategic trade management in the current market. By locking in gains, the trader reduces risk while…

Shibarium, which is Shiba Inu’s L2, saw a decline in activity over the last 24 hours. According to Shibariumscan explorer, the daily transaction count on the Shibarium blockchain fell from 5,170 recorded on July 10 to 1,280 on July 11, a 75% drop. After days running into weeks of flat network activity, the Shibarium transaction count showed a rise, increasing 361% from 1,120 on July 9 to 5,170 on July 10. However, this was swiftly reversed, as before, with Shibarium transactions dropping to 1,280 consequently. Shibarium saw a massive 3,152% transaction spike in mid-June when the daily transaction count rose…

Security flaws across major x402 payment facilitators could expose facilitator-held assets and leave merchants without receiving payment for services provided, according to new research presented at the 35th USENIX Security Symposium. Researchers tested 15 major x402 facilitators, including Coinbase, Thirdweb, PayAI and Mogami, and found that every platform violated at least one security rule. They mapped 49 rule violations to 31 distinct vulnerabilities across systems that accounted for 99% of observed x402 transactions and 98% of payment volume during the study. The researchers identified four broad attack classes, including free shopping, asset theft, service disruption, and gas abuse. They directly…

Bitcoin’s price recovery from the dip to $62,200 continues, as the asset has added two grand and now sits confidently above $64,000. It appears that the market is pricing in the latest positive development on the Middle East uncertainty. A report from Axios from earlier this morning indicated that the US, Iran, and Oman are “closing in on an interim agreement to reopen the Strait of Hormuz.” Moreover, it added that President Trump wants the confirmation to be announced today. The report follows the weekend developments in which the POTUS canceled the planned strikes against Iran and claimed that there’s…

Demand for $XRP is weakening across several key market indicators, testing whether the $XRP Ledger’s (XRPL) growing institutional pipeline can translate into sustained investor and network activity. US spot $XRP exchange-traded funds recorded about $7.2 million in net outflows in the week ended July 10, according to SoSoValue. The withdrawals ended a nine-week inflow streak that brought nearly $200 million into the products. The weekly outflow ranked among the five largest for $XRP funds this year, though it represented only a modest reversal in the broader trend. The products have attracted cumulative net inflows of $1.48 billion, while their combined…

The U.S. Securities and Exchange Commission (SEC) is preparing to work on new rules that could directly impact the digital asset market amid ongoing uncertainty in Congress regarding cryptocurrency regulations. According to Bloomberg, the SEC is preparing to announce significant cryptocurrency regulatory plans following the Senate’s delay of the CLARITY Act’s legislative process until at least September. According to the SEC’s official calendar, the agency will hold an open meeting on August 14, 2026, at 10:00 AM ET (5:00 PM). The meeting will consider whether to propose new rules for creating an issuance regime specifically designed for investment contracts involving…