Author: NBTC

South Korea’s Financial Intelligence Unit (FIU), operating under the Financial Services Commission, has introduced revised supervisory rules that place new restrictions on cryptocurrency transfers to self-hosted wallets and establish a risk-based framework for transactions with offshore exchanges. The measures, reported by Digital Asset, mark a formal regulatory shift that turns previously voluntary practices into binding obligations for domestic virtual asset service providers (VASPs). New Rules for Self-Hosted Wallets Under the revised guidelines, domestic VASPs must limit cryptocurrency transfers to self-hosted wallets that are registered under the customer’s own name. This requirement aims to reduce the potential for money laundering and…

Cango Inc.’s latest earnings snapshot tells a story familiar to much of the Bitcoin mining industry right now: shrinking revenue, a heavier bottom-line hit, and a scramble to diversify beyond pure hashrate. The Cango Bitcoin mining results for the second quarter of 2026, released by the New York-listed company (NYSE: CANG), show total revenue of US$50.8 million and a net loss of US$81.6 million, even as management leaned harder into cost discipline, a new hedging program, and an expanding artificial intelligence compute business. Key takeaways Cango generated Q2 2026 total revenue of US$50.8 million, with US$47.4 million coming from Bitcoin…

As Bitcoin ($BTC) price remained trapped in a consolidation over the past two months, it has seen its Open Interest (OI) – the total unsettled futures in the derivatives market – surge to a local high. Bitcoin’s OI 30D change, which shows the net buildup of new positions over the past 30 days, has climbed to about 750,000 $BTC, valued at around $47.92 billion at press time, according to data from CryptoQuant, analyzed by Finbold on July 29. $BTC OI 30D Change. Source: CryptoQuant The $BTC OI 30D change has gradually climbed over the past two months, signaling a renewed…

Curve DAO [$CRV] is up more than 16% in the past 24 hours, turning its weekly change positive, around 9%. This comes as demand for the broader DeFi sector surges to provide liquidity for swaps. Moreover, there was an increase in buying activity as daily trading volume increased by 174%, to about $122 million. Will $CRV hold on to the current bullish market structure? Is $CRV’s market structure shift confirmed? The current market structure confirms a trend shift with $CRV sitting above the most recent higher high (HH). The HH is trading above a bottoming sideways market that bounced between…

Robinhood Ventures Fund II has priced an 8 million-share initial public offering at $25 per share, raising $200 million before fees as Robinhood expands its retail-focused private market fund business. According to a press release from Robinhood Ventures Fund II, the offering values the fund at $225.5 million before sales load and offering expenses, with the total potentially reaching $255.5 million if underwriters fully exercise an option covering another 1.2 million common shares. Shares of the fund are expected to begin trading on the New York Stock Exchange on Aug. 13 under the ticker RVII. Subject to customary closing conditions,…

Arbitrum introduces a multi-proving model with ZK technology that reduces withdrawal times on its L1 from days to hours. The system integrates ZK proofs directly into BoLD, the $ARB settlement protocol toward Ethereum, without eliminating existing fraud proofs. The validator was rewritten in Rust as an independent service and the ZK code is being merged into the main Arbitrum Nitro codebase. Arbitrum announced progress in the implementation of a multi-proving model based on zero-knowledge (ZK) technology, with the goal of reducing settlement times for assets on L1 from seven days to a few hours. The initiative is part of a…

Gabriel Perez, who ran President Donald Trump’s teleprompter for nearly a decade, has agreed to hand over more than $172,000 to settle Commodity Futures Trading Commission charges that he bet on Trump’s own speeches using words he read ahead of anyone else. Prediction markets have rapidly gained popularity in 2026 and this settlement is the first known case of a White House insider caught trading on the platform. Regulators have also issued warnings to government staff that their access to nonpublic information is not a betting edge. Who placed bets on President Trump’s words? Gabriel Perez, President Trump’s longtime teleprompter,…

With normal operations and withdrawals suspended since July 1, the AscendEX claims portal is targeted for Sept. 5 and would let users see recorded balances and submit claims. The exchange says the new system will not initially restore withdrawals or guarantee that customers recover anything. The exchange set out the plan in an Aug. 22 customer update, describing Sept. 5 as an estimated initial launch date that could move if more technical, security or legal work is required. AscendEX said eligible users would be able to review recorded balances, register account information, submit claims and provide supporting documents. The portal…

Bitcoin’s network computing power is pushing back toward record territory near one zettahash per second, but the milestone is adding pressure to miners already dealing with thinner economics and increasingly attractive alternatives in artificial intelligence infrastructure. Bitcoin’s estimated network hashrate was around 974 EH/s on Sept. 1, after exceeding 1.03 ZH/s on Aug. 31 and crossing the one-zettahash threshold several times during August. Hashrate estimates fluctuate because network computing power is inferred from block production rather than directly measured in real time. More computing power strengthens Bitcoin’s security, but it also intensifies competition among miners for essentially the same block…

Long-term Bitcoin holders have maintained their accumulation strategy despite the cryptocurrency’s price falling from $82,000 to under $58,000, according to a recent analysis from Bitfinex. The exchange’s report indicates that while the scale of accumulation has declined, the behavior of these investors signals a market entering a stabilization phase rather than a full recovery. Accumulation Trends and Market Dynamics Bitfinex noted that long-term holders, often considered the most resilient cohort in the Bitcoin ecosystem, continued to add to their positions even as prices dropped significantly. The accumulation rate, however, slowed from approximately 40,000 $BTC per month in late May to…