Author: NBTC

South Korea’s largest cryptocurrency exchange, Bithumb, has announced that it is restricting all cryptocurrency deposits and withdrawals involving three digital asset platforms that were recently sanctioned by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). The move, effective immediately, targets Shelbit, Aban Tether, and Crypto Home DMCC, which were added to OFAC’s list for allegedly supporting terrorist groups, including Iran’s Islamic Revolutionary Guard Corps (IRGC), or laundering illicit proceeds. Background of the Sanctions OFAC designated the three exchanges as part of a broader crackdown on financial networks that facilitate transactions for designated terrorist organizations. According to the U.S.…

Bitcoin fell under $63,000 on Monday as the Coinbase Premium Index, a proxy for US institutional demand for Bitcoin, reached its 77th day in the red. Bitcoin has traded at a persistent discount on Coinbase relative to international exchanges since May 19, with the latest premium rate at -0.1369%, according to Coinglass. As of Monday, the premium has continued its longest negative streak in history. 10x Research head Markus Thielen said the negative premium indicates that US institutional investors are still liquidating Bitcoin. “The persistent discount of Coinbase prices relative to global exchanges suggests selling pressure from US-based institutions continues…

DefiLlama has rolled out a new tool that could change how traders size up crypto tokens before hitting the buy or sell button. The DeFi analytics platform just launched its Universal Token Ratings dashboard, a system built to bring order to the often chaotic world of DeFi token ratings, and it’s already scoring more than 100 assets on a standardized scale. Key takeaways DefiLlama’s Universal Token Ratings dashboard rates over 100 tokens on a 0-100 scale. Tokens receive letter grades from AAA to CCC, mirroring the shorthand used in traditional credit rating systems. The ratings are continuously updated as underlying…

BitMine Immersion Technologies [BMNR] stock continued its price recovery after the company added another 32,447 Ethereum [$ETH] to its treasury, bringing it closer to its goal of owning 5% of Ethereum’s supply. It has also left the shares trading close to the value of the company’s underlying assets. BitMine’s Ethereum holdings reach 5.85M $ETH BitMine held 5,847,611 $ETH as of August 23, according to its latest weekly update, representing approximately 4.8% of Ethereum’s circulating supply, and puts the company 97% of the way towards its 5% target. With the $ETH price at $2,440, the tokens were worth about $14.3 billion.…

Goldman Sachs is projecting a dramatic acceleration in the US ETF market, with the bank forecasting that US ETF growth in 2026 will push total investments in exchange-traded funds beyond $2 trillion. That figure alone would mark a striking jump from where the market stood just a year earlier, and it signals something bigger than a single bullish call — it points to a structural shift in how both institutions and everyday investors are choosing to put money to work. Key takeaways Goldman Sachs forecasts US ETF investments will exceed $2 trillion in 2026. That projection represents a 40% increase…

Slow And Steady Onchain $SUI trackers revealed recently that the network’s total stablecoin supply had “reached $500 million again,” with Defillama corroborating the same and even suggesting that Sui’s circulating stablecoin supply had been hovering close to that mark for many months running. Last year in May, Sui’s stablecoin balances peaked at $1.6 billion before falling to roughly $492 million by the end of H1 2026 (a drop of about 69%). The metric has seemingly stayed steady since. The supply plateau stands in contrast to what’s happening on the transaction side of things. In May, Mysten Labs, the core development…

The reply, translated from Korean, is the first time Samsung has attached a timeline to the stablecoin plan it set out at Galaxy Unpacked in London on 22 Jul. Stablecoins are tokens designed to hold a fixed value, almost always one US dollar, and are used mainly to move money rather than to bet on its price. Samsung Wallet, the group’s single app for payment cards, IDs, digital keys and boarding passes, operates in 61 countries and has more than 19mn monthly active users in South Korea alone, according to market tracker Wiseapp Retail Goods. Samsung shipped 241.2mn smartphones worldwide…

Ethereum is considering a change that would let compounding validators set how much $ETH should remain on a validator before excess rewards enter the network’s automatic withdrawal sweep. An Aug. 20 edit to draft EIP-8148 lowered the proposal’s minimum custom threshold from 33 $ETH to 32 $ETH and added a way to set the initial threshold when a new validator is created. If activated, the proposal would let 0x02 validators select a level between 32 $ETH and the current 2,048 $ETH default. The change would affect reward-sweep timing while Ethereum’s existing exit rules continue to govern principal withdrawals. Ethereum’s 32…

The Bitwise $XRP ETF has seen a big jump in trading activity over the past three sessions as institutional investors pay more attention to $XRP price. Bitwise President Teddy Fusaro said more than $80 million worth of the ETF was traded in the latest session. The two sessions before that each had more than $60 million in trading volume. Accordingly, Fusaro said trading volume has “really popped” over the past three sessions. Notably, the Bitwise president disclosed that the latest session marked the highest-volume trading day since the ETF’s launch. Image by Teddy Fusaro Bitwise leads $XRP ETF inflows The…

A group of South Korean lawmakers has introduced a bill to amend an existing financial law and expand the Financial Intelligence Unit’s (FIU) authority to investigate unregistered crypto businesses. On Thursday, People Power Party lawmaker Eom Tae-young and nine other lawmakers filed the bill, which aims to add a new provision to the Act on Reporting and Using Specified Financial Transaction Information. Under the proposal, anyone could report suspected violations of the law to the FIU. The agency could investigate and analyze alleged violations, file complaints with the relevant authorities, request criminal investigations or provide information to investigators. The bill…