Author: NBTC

California lawmakers passed a bill restricting public officials’ involvement with memecoins, citing concerns around conflicts of interest and “pay-to-play arrangements.” The California Senate passed Assembly Bill 2409 in a 40-0 vote on Wednesday, according to Legiscan data. The Assembly subsequently voted 78-0 to concur in the Senate’s amendments. The bill entered the enrolled stage and awaits the governor’s signature. The bill would prohibit digital asset service providers from offering California residents memecoins issued on or after Jan. 1, 2027, that are offered by or in partnership with federal public officials or state or local public officers. The bill defines memecoins…

Cryptocurrency analytics company Glassnode reported that the fading expectations of interest rate cuts in the US bond market and the pricing in of a potential rate hike have suppressed risk appetite in the cryptocurrency market. Glassnode’s assessment stated that the Fed’s interest rate decision is critically important for the direction of the market. According to the analysis company, the yield on US Treasury bonds has surpassed the return that can be obtained from “carry trade” transactions in the cryptocurrency market. This situation has led investors to hold new capital in cash and low-risk interest-bearing instruments rather than crypto assets. The…

Tether Gold deposits into decentralized finance (DeFi) have surpassed $100 million, reaching a notable $102.9 million across ten venues. This surge is primarily driven by Aave, which accounts for a staggering 74.2% of total deposits. The growth underscores a significant trend in the crypto market as more investors seek exposure to digital assets through innovative platforms. Source The Story So Far The broader crypto market is currently displaying mixed signals, with varying momentum across major assets. The substantial increase in Tether Gold deposits illustrates a growing appetite for secure assets within DeFi. Aave’s leading position in this space not only…

After facing rejection at $2567, Ethereum [$ETH] has traded within a thin margin. The altcoin has remained stuck between. $2.3k and $2.4k, reflecting a market at a decision point. As of this writing, Ethereum traded around $2420, marking a 2.5% slip on the daily charts. Although $ETH has slowed down significantly, high net worth traders are still showing demand for longs. Ethereum whale returns with a $4.8 million bet With Ethereum struggling to maintain an upward momentum, traders who had earlier opened long positions are bleeding. According to CoinGlass data, over $63.6 million worth of long positions were liquidated compared…

The Federal Reserve added approximately $5.179 billion to bank reserves through a scheduled Treasury bill purchase settling Wednesday. Social media described the transaction as money entering the U.S. economy. Yet the operation mainly supports the Fed’s control of short-term interest rates. It does not send cash directly to households, companies, or financial markets. BREAKING: 🇺🇸 Fed to inject $5,179,000,000 into the economy today. pic.twitter.com/2YgselpReB — Ash Crypto (@AshCrypto) August 12, 2026 That distinction matters for Bitcoin and other risk assets. The purchase creates reserve balances, but its scale and purpose differ sharply from quantitative easing. Traders must separate routine balance-sheet…

Despite Cardano’s impressive price performance yesterday, its DeFi sector suffered a sharp setback. According to DeFiLlama data, Cardano’s total value locked (TVL) plunged 16.17% over the past 24 hours, falling from $64.83 million to $54.35 million. Notably, the decline came even as $ADA surged more than 10% and reclaimed the $0.19 level. Typically, a strong price rally can boost investor confidence and encourage greater capital inflows into DeFi. However, DeFiLlama’s latest data shows the opposite trend, with TVL now sitting 87.56% below its August 2025 high of $437.2 million. Cardano’s DeFi Metrics Show Mixed Performance Although TVL has dropped sharply,…

Yesterday, the SEC asked a federal court for injunctions against several crypto investment advisory firms who have displayed fake SEC certificates. Naming crypto operators CryptoOrbit, Ftaexchange, Pinnacle, Quantum, RBH, and others, the SEC filed a total of 38 civil complaints over phony filings. For example, the crypto-focused Quantum Financial Institute claimed it had registered investment advisor status that didn’t exist. One of its incredible press releases pitched “a multi-dimensional intelligent investment system” and “courses” where students could learn about “bitcoin giveaways” and “the highest win-rate strategies, helping students understand the deep logic of the market.” It even rendered a phony…

Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit, has finalized practical steps toward a U.S. stock market debut, including a recent transition of its financial reporting to U.S. Generally Accepted Accounting Principles (GAAP), according to a report from The Chosun Daily citing investment banking industry sources on [Date]. U.S. Listing Path Without Full Relocation The company is pursuing a listing on the Nasdaq without relocating its core business operations to the United States. Sources familiar with the matter indicated that Dunamu has ruled out a “flip” structure, a common approach where a U.S. holding company is created and…

Lido introduced ValOS, a community standard designed to raise validator operations across the Ethereum staking ecosystem. Lido DAO will allocate $60,000 to the DUCK FLAP fund to subsidize up to 50% of audit review costs for early adopters. The initiative formalizes the work of the DUCK project and introduces a governance structure to ensure its long-term adoption. Lido introduced ValOS (Validator Operations Standard), a community-driven reference framework aimed at raising the operational standards of validators within the Ethereum staking ecosystem. The protocol outlined in a statement both the architecture of the framework and the financial backing supporting it. The framework…

The Ethereum Foundation is set to host a live discussion featuring Web3Privacy on September 2 at 2 PM UTC. This event will explore significant initiatives aimed at enhancing privacy in the blockchain ecosystem. With privacy concerns gaining traction, this discussion could pave the way for new standards in user privacy across decentralized applications. For more details, visit the Ethereum Foundation’s announcement. Breaking It Down The upcoming Ethereum Builders Live event represents a strategic move by the Ethereum Foundation to spotlight privacy within its ecosystem. With a growing emphasis on user privacy, the Foundation has reorganized its Privacy & Scaling Explorations…