Author: NBTC

Following the US ISM Manufacturing PMI report, today’s ISM Services PMI offers a more comprehensive view of the world’s largest economy. As the services sector remains dominant in US economic activity, investors are closely watching the report. This is because the report can provide hints on inflation, interest rates, and the Federal Reserve’s next policy decision, which could ultimately influence the crypto market. What Does the Latest ISM Services Report Mean for the Crypto Market? On August 4, 2026, the United States released the ISM Services PMI data. The report showed that the services sector has been expanding in July.…

Sui is testing confidential transactions on devnet, moving one of its privacy-focused upgrades from concept into a live developer environment. The feature is designed to keep transaction amounts and balances private while leaving sender and recipient addresses visible for auditability. That balance is important. Sui is not presenting this as full anonymity. It is aiming for selective confidentiality that could be useful for enterprise and financial applications. Devnet testing began on June 8, 2026, according to Sui’s update. The key caveat is that confidential transactions are not live on mainnet yet. This is still a testing-stage feature, and the final…

Fraudsters are impersonating financial regulators and crypto businesses to target customers of crypto service providers that have failed to secure European Union licenses, according to officials cited by the Financial Times. Several of the bloc’s watchdogs have reportedly seen an increase in scams since the July 1 deadline that required firms to obtain authorization under the Markets in Crypto-Assets (MiCA) Regulation. Companies that failed to secure approval must wind down or transfer their EU operations, forcing customers to move their assets. Stéphane Pontoizeau, an official at France’s Autorité des Marchés Financiers (AMF), said the regulator encountered cases in which fraudsters…

Moscow Exchange, Russia’s largest trading platform, is reportedly planning to establish its own digital depository to support cryptocurrency trading and asset management. The initiative, first reported by RBC, is still in its early stages, with an official launch targeted between late 2026 and early 2027. The move signals a potential shift in how Russian retail investors might access digital assets through regulated infrastructure. What the Digital Depository Would Offer According to the report, the planned digital depository would function similarly to traditional securities depositories, but for cryptocurrencies. Users would be able to buy, sell, and hold digital assets through their…

Santiment data shows that the total number of Bitcoin wallets registered with a minimum balance of 10,000 $BTC has reached 90, the highest level in 6 months, even as the smallest wallets have continued selling. Bitcoin ($BTC) is trading at around $64,322 at the press time. The divergence might provide a hint about the next market direction. Large investors are buying Bitcoin while smaller traders are withdrawing from it. According to Santiment, this pattern occurs before major price shifts in the market. Thus, the probability of Bitcoin crossing the $70,000 mark is higher than it moving below $60,000. Six new…

Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, reportedly invested $400 million in a privately held company days after it nearly collapsed under margin calls. The fund invested $100 million in the same unnamed company in July, Bloomberg reported Thursday, citing people familiar with the matter. The latest investment was completed on Tuesday. Cointelegraph has approached Situational Awareness for comment. Assets at Situational Awareness fell about 78% in July, as an AI-stock sell-off triggered margin calls from Wall Street lenders. The fund sought fresh capital and considered selling stakes in private companies, according to the Financial…

Payments-focused cryptocurrency $XRP’s price has risen over 8% in five weeks and during this time, there has been a notable divergence in accumulation trends of large holders or whales and small holders. According to on-chain data from Santiment, wallets holding between 100,000 and 100 million $XRP added 2.8% more coins to their balances over the past five weeks. This accumulation by whales and sharks coincided with the token rebounding to $1.16 from $1 at the end of June, suggesting stronger hands are leaning into the current price action. At the same time, the smallest wallets have shed 5.2% of their…

The controversy surrounding the CLARITY bill has exposed a broader problem within the cryptocurrency industry: a persistent lack of education among key stakeholders. Nate Geraci, CEO of wealth management firm Novadius, argues that many politicians, major financial institutions, and mainstream media outlets either misunderstand the fundamental nature of digital assets or view them as a threat. Geraci suggests that a more concerted effort toward education could bridge this divide, regardless of the underlying motive. Understanding the CLARITY Bill and Its Stalled Progress The CLARITY bill, which aims to provide regulatory clarity for digital assets, has faced significant delays despite a…

Robinhood Chain’s decentralized exchange volume fell 72.5% between its Jul. 11 peak and Aug. 1, but every other headline metric on the chain kept climbing through the drop. While transactions, total value locked and stablecoin supply are all at record highs, the size of the average trade collapsed. The chain processes more activity worth less, and more than 90% of the incentives being paid on the network go to depositors. RH Chain DEX Volume and Transaction Value. Source: DeFiLlama, The Defiant Down Seventy-Two Percent Volume peaked at about $878 million on Jul. 11, 10 days after the chain went live,…

Bitcoin is steeply lagging behind equities, and until it begins to regain strength, the current market will remain dominated by stocks, according to Glassnode. Over the past 90 days, Bitcoin has dropped by 20%, four times as much as the S&P 500, which rose by 5% in the same period. Looking further back, the crypto market has performed the worst among major asset classes so far this year. Bitcoin is down 35%, and altcoins are down 57% since January. In contrast, gold is up 60%, copper 66%, and silver 107%. Nasdaq and Russell 2000 see a 38% and 31%, respectively,…