Author: NBTC

Bitcoin exchange-traded funds (ETFs) have suffered nearly $5.75 billion of outflows since mid-May, fueling speculation that institutional investors are cashing out of crypto to prepare for the highly anticipated SpaceX IPO. The selling pressure drove bitcoin to a 2026 low below $60,000 in the first week of June, more than 50% below its all-time high of nearly $125,000 last October. One of the prevailing narratives for the sell-off is a rotation of capital away from cryptocurrency to prepare for a slate of highly anticipated initial public offerings (IPOs) starting with SpaceX (SPCX) on Friday. Fabian Dori, chief investment officer at…

The cryptocurrency market is starting the week on a bearish note, with Bitcoin and Ethereum recording losses over the past few hours. Ethereum has lost over 2% of its value in the last 24 hours and has dropped below $1,900. The bearish performance comes as SharpLink Inc. reported a net loss of $394.3 million for the second quarter of 2026 as falling cryptocurrency prices weighed heavily on the value of its Ethereum treasury. The result was nearly four times the $103.4 million loss recorded during the same period in 2025, according to a regulatory filing published Monday. SharpLink attributed most…

The authors of the study examined roughly two months of five-minute bitcoin contracts. They found unusually large orders on Binance in the final seconds before settlement, followed by rapid price reversals in bitcoin. The paper did not prove traders’ intent or directly establish that the spot-market orders were placed by the same people holding positions on Polymarket. But it found that, excluding market makers, 93% of the losses in windows classified as manipulated fell on retail traders. “A bet the market treated as near-certain was overturned one time in three,” the authors wrote. Polymarket did not respond to a CoinDesk…

Not yet, but it removes one of the better excuses institutions had for staying away. Injective (@injective) unveiled Mint on July 22, a single interface where banks, asset managers, and even AI agents can issue regulated tokenized assets onchain with compliance and custody built in. The catch is that Mint is in private alpha, so the institutional wave it targets is still a promise rather than a pipeline. The pitch lands on fertile ground. Tokenized real-world assets have become one of crypto’s few narratives that traditional finance takes seriously, and Injective has spent the past year positioning itself as the…

After weeks of review, South Korean cryptocurrency exchange Upbit has declared that it will delist Bonk Inu ($BONK), citing unresolved security and compliance issues. The ruling is another instance of Korean exchanges adopting a more stringent approach to investor protection, and it comes after $BONK was designated as a ‘trading caution’ asset in early July 2026. $BONK Trading support isn’t supported Upbit claims that trading support for $BONK will expire on September 7, 2026, at 15:00 KST, at which point all pending buy and sell orders will be automatically canceled. Until October 7, 2026, users will still have 30 days…

In brief U.S. spot Bitcoin ETFs have shed $2.1B in June, pacing May’s $2.4B total outflows. Net assets declined $33B from $109B to $77B in the past month, in line with Bitcoin’s 27% drop. Analysts argued that the pace of ETF outflows is “exhausting rather than building,” but offered differing views on what could turn things around. The crypto market outlook remains gloomy as spot Bitcoin ETFs continue to bleed against a challenging macroeconomic and geopolitical backdrop. Bitcoin ETFs have shed $2.1 billion in June so far, pacing May’s $2.4 billion outflows, according to SoSoValue data. Wednesday’s $214 million outflow…

Ethereum price fell 2.6% toward $1,870 on Aug. 11 after another rejection below $1,950 triggered long liquidations, while traders reduced risk ahead of the latest U.S. inflation report. Ethereum price falls below $1,900 According to data from crypto.news, Ethereum ($ETH) price traded near $1,870 during the latest session after sellers rejected another attempt to hold above the $1,900 psychological level. The decline extended from the Aug. 10 high near $1,935 and briefly pushed the token toward an intraday low of approximately $1,867. $ETH had recovered to around $1,886 by the time the accompanying charts were captured, reducing part of the…

The U.S. economy lost 23,000 jobs in July, signaling that the labor market has yet to stabilize after four months of positive growth. The unemployment rate, however, fell slightly to 4.1 percent. Following weak employment data, Nick Timiraos, a Wall Street Journal reporter known for his close ties to Fed policy, stated that interpreting the July employment report would not be easy for the Fed. According to Timiraos, new evidence that the labor market has not accelerated again could reduce the urgency for the Fed to raise interest rates next month. However, the most important variable in terms of the…

Polkadot has officially launched its “Products Devnet,” a public sandbox environment designed to give developers early access to upcoming network features. The devnet allows builders to test and refine applications using planned upgrades before they go live on the main Polkadot network, all without risking real funds. What Products Devnet Offers Developers The Products Devnet is a dedicated testing ground where developers can experiment with new functionalities scheduled for future Polkadot releases. By simulating real network conditions, the environment helps identify potential issues early, reducing the risk of bugs or security vulnerabilities affecting live applications. This approach aligns with Polkadot’s…

The US Senate’s delay of a vote on crypto market structure legislation could give Hong Kong and Singapore more time to strengthen their positions as digital asset hubs, according to First Digital founder and CEO Vincent Chok. On Friday, Thune’s office confirmed to Cointelegraph that the Senate would not vote on the legislation before the August recess. Thune cited Democratic opposition and said the bill would be a priority when senators return in September. Chok, whose company issues the FDUSD stablecoin, said the delay could give jurisdictions with clearer regulatory frameworks an advantage in attracting capital and talent as US…