Author: NBTC

Hut 8 HUT$79.67·At close made its name building infrastructure to mine bitcoin BTC$78,003.01, and a site it is developing in Texas will now help power AI giant Anthropic’s latest computing contract. Anthropic agreed to spend $35 billion buying computing capacity from Lambda, an AI cloud company backed by Nvidia, the Wall Street Journal reported late Monday. Some of that capacity will run through Hut 8’s Beacon Point campus in Nueces County, Texas. NVIDIA holds the lease on the facility, Lambda will use NVIDIA chips there, and Anthropic will buy the resulting computing power. HUT initially jumped when the news hit…

CoreWeave has reported a staggering $104 billion in contracted backlog as of Q2 2026, a remarkable 246% increase from $30.1 billion the previous year. This surge signals a significant demand for data solutions, with another $25 billion added in just the first weeks of Q3. As noted by the crypto commentator @Filecoin, this highlights Filecoin’s role as a vital data layer. The implications for the market are profound, as increased demand could drive further adoption of decentralized storage solutions. The Key Development The broader cryptocurrency market continues to show mixed signals, yet the news surrounding CoreWeave’s substantial backlog is drawing…

Arthur Hayes believes Bitcoin’s sluggish performance isn’t because liquidity has disappeared. Instead, he says the AI investment boom has become the market’s biggest capital magnet, absorbing nearly every fresh dollar that would have otherwise flowed into crypto. Speaking with Bonnie Blockchain on June 26, Hayes explained why Bitcoin continues to lag even as global money supply expands. Where Is All the Money Going? Hayes pointed to the explosion in AI-related investments as the biggest reason Bitcoin has failed to rally. According to him, the rise in dollar M2 has been largely matched by massive spending on AI companies and their…

The Crypto.com-supported Cronos blockchain had to halt and rewind its history this week to stop an ongoing theft due to the Tectonic protocol that Crypto.com had spent months promoting. Tectonic warned users to pause using its protocol altogether. PeckShield first estimated the value of compromised funds at approximately $74 million. Crypto.com supplied one of the largest retail onramps for Tectonic, this newly compromised protocol that nearly drained tens of millions of dollars from Cronos’ DeFi ecosystem. As fear about the hack has spread, Cronos’ $CRO token has lost 6% of its value over the past 24 hours. Kris Marszalek’s Crypto.com…

Goldman Sachs analyst Robert Kaplan stated that the Fed’s decision to keep interest rates unchanged in July was “absolutely correct,” adding that policymakers should approach the data coming in until September with transparency. According to Kaplan, the increasing complexity of the factors influencing the inflation outlook makes it risky for the Fed to adopt rigid policy guidance prematurely. Kaplan stated that economic data released until the September meeting should be carefully evaluated. Kaplan stated, “If I see meaningful improvement, I may be willing to keep interest rates steady. However, until September, I want to take advantage of every opportunity and…

Shiba Inu ecosystem team member Vet Kusama has sparked fresh speculation in the $SHIB community after hinting that August could bring a major announcement from two prominent figures in the ecosystem. In a post on X today, Vet Kusama urged the community to stay alert, suggesting that Shytoshi Kusama and Kaal Dhairya could make an announcement before the month ends. He also encouraged Shiba Inu supporters to turn on their notifications so they do not miss the potential development, which he described as “Big News.” Vet Kusama Says Shiba Inu Lead Will Make Major Announcement This Month Shytoshi Kusama and…

South Korea’s National Tax Service has said it will introduce commercial crypto tracing software used by domestic and overseas investigative agencies as it prepares to tax income generated through private wallets from 2027. Digital Asset reported on Aug. 31, citing responses provided by the NTS to People Power Party lawmaker Kim Sang-hoon, that the agency plans to use software capable of tracing and analyzing digital asset movements between wallets. Similar tools are used by prosecutors, police and the U.S. Internal Revenue Service. The plan addresses one of the main enforcement problems surrounding South Korea’s incoming cryptocurrency income tax: authorities have…

Taiwanese singer and entrepreneur Jeffrey Huang, also known as Machi Big Brother, continues to maintain significant leveraged long positions in cryptocurrency, according to on-chain analytics firm Lookonchain. Despite a series of liquidations that at one point reduced his collateral to under $60,000, Huang’s current positions are valued at over $100 million. Current Positions and Entry Prices Lookonchain reports that an address believed to belong to Huang, starting with 0x020cA, currently holds a 23,350 $ETH long position worth approximately $59 million on 25x cross margin, and a 668 $BTC long position worth around $54 million on 40x cross margin. The average…

BIP-110 Minority Chain Comes Back to Life 23 Days After Bitcoin Split It has been 23 days since the BIP-110 minority chain split that saw a minority chain created by a group of supporters who believe the Bitcoin blockchain should only be used for financial transactions. After the split, the minority BIP-110 chain stalled, and miners had a difficult time discovering blocks under the weight of the difficulty it adopted from the main Bitcoin chain. The chain split at block height 961632. BIP-110 supporters managed to mine blocks up to 961639, and then, suddenly at block height 961640, the chain…

According to a post on X by the investment firm Dialectic on August 31, their Starloop vault is set to launch in September 2026, providing holders of tokenized SpaceX exposure the opportunity to utilize credit to earn yield via DeFi without having to sell the tokens. With the ongoing search for real-world assets in crypto that can serve as collateral, this project may serve as an example of whether tokenized equities can integrate easily into the realm of DeFi lending just days after Coinbase introduced stock tokens on Base. Borrow against the position instead of selling it Dialectic described the…