Author: NBTC

Bitcoin is breaking out of a textbook cup and handle at $64,742 on August 6, with spot ETFs already logging their best week since May and a cycle bottom signal flashing on Net Capital Flows. $BTC Breaks the Cup and Handle With RSI Above 50 $BTC Price Action (Source: TradingView) The daily chart shows $BTC completing a cup and handle pattern that formed between the June low near $57,700 and the August recovery. The cup base formed through June and early July, price recovered to retest the neckline near $65,000, pulled back to form the handle between $62,000 and $64,500,…

The Ethereum Foundation has issued a warning to developers of wallet services, gas-fee calculators, and blockchain explorers ahead of the upcoming Glamsterdam hard fork. The long-standing rule that a simple $ETH transfer always costs 21,000 gas will no longer universally apply, according to a report from CoinDesk. What Changes with the Glamsterdam Upgrade Transfers to existing addresses will still require 21,000 gas. However, transfers to new addresses will incur an additional state gas fee of approximately 183,600 gas. This extra cost arises because the network must create and permanently store new state data when an address is first used. The…

“Digital assets are becoming an increasingly important component of diversified investment portfolios,” Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said in a press release. “As client interest in digital assets continues to grow, we’re focused on providing a range of digital asset solutions that allow investors to diversify their portfolios across traditional and decentralized asset classes while also adhering to Morgan Stanley’s standards for governance, infrastructure and risk management.” Both products charge a 0.14% expense ratio — the lowest on the market — and plan to stake a portion of their ether or $SOL holdings, with any…

Probe on Banking Barriers for Crypto Access in the UK Deepens U.K. lawmakers are stepping up scrutiny of banks’ treatment of crypto companies as the United Kingdom prepares to bring more of the digital asset industry under formal regulation. Gurinder Singh Josan MP and Lord Vaizey of Didcot, co-chairs of the Crypto and Digital Assets All-Party Parliamentary Group, wrote to the chief executives of major UK banks and banking service providers on Aug. 11. The letter asks lenders to explain whether they provide accounts to crypto firms, what restrictions they impose on digital asset transactions, and whether those policies will…

US-based crypto exchange ABFinance, founded by ByBit’s former CEO Helen Liu, closed its doors last week before it ever opened. ABFinance announced last Friday that the exchange’s planned launch will no longer go forward and that it is “winding down in an orderly manner.” ABFinance lasted six months Liu founded the exchange in March before stepping down from her ByBit co-CEO role on April 30, 2026. After ABFinance’s closure, Liu thanked her team and said: “It’s difficult to see this chapter come to an end.” Over the last six weeks, BitMart, BitMEX, and AscendEX have also announced that they will…

Bitcoin price approached $65,000 on Aug. 6 as easing concerns over the Strait of Hormuz and improving technical momentum supported its recovery from the low-$62,000 region. Bitcoin price action today According to data from crypto.news, Bitcoin ($BTC) traded around $64,615 at the time of writing after reaching an intraday high of $64,999. The move extended its recovery from approximately $62,300 on Aug. 3 to almost 4%. The rebound followed reports of progress between Iran and Oman over a shipping route through the Strait of Hormuz. Iran’s Foreign Ministry said the two countries had reached an understanding on the route’s coordinates,…

$USAT went from $22 million to $140.8 million in a single month, the fastest growth of any regulated dollar token this year. In the same window, its offshore parent shed roughly six billion. One of those numbers is a rounding error on the other, and the gap between them is the most interesting structure in stablecoins. There is a specific kind of corporate structure that appears when a very large business decides it may eventually need to be a different business, and Tether built one in January. $USAT is a dollar token issued through a federally chartered bank, designed from…

Evolving Beyond the 2022 Framework Monaco’s government has submitted a bill to its legislature to overhaul the Principality’s legal framework for crypto‑asset service providers, citing rapid growth in the digital finance sector and shifting international standards. Bill No. 1131 was formally submitted to the National Council on Aug. 6. If approved, it would replace the regime enacted in 2022 and align Monaco’s regulations more closely with the European Union’s Markets in Crypto‑Assets Regulation (MiCA) and standards set by the Financial Action Task Force (FATF). Under Law No. 1.528, passed in July 2022, crypto‑asset and digital‑asset services were divided into two…

Garrett Jin, the founder of the defunct cryptocurrency exchange BitForex, has transferred 17 million $WLFI tokens — valued at approximately $1.01 million — to Binance, according to on-chain data analyzed by EmberCN. The deposit occurred six hours ago and may signal an intention to sell, potentially realizing a loss of around 40% from the original purchase price. Background of the Transfer EmberCN, a well-known on-chain analyst, reported that an address believed to be controlled by Jin had withdrawn 313 million $WLFI from Binance in February, when the token was trading near $0.10. At that time, the total value of the…

Public Bitcoin miners are spending billions chasing artificial intelligence and high-performance computing revenue, though returns have yet to keep pace, underscoring the massive upfront investment required to diversify beyond Bitcoin mining. In its latest Miner Weekly newsletter, BlocksBridge Consulting reported that a group of 15 Bitcoin miners and AI/> Bitcoin miners’ capital expenditures are vastly outpacing AI and HPC revenue so far. Source: Miner Weekly The steep cost of pivoting to AI AI and data centers have been touted as a way for Bitcoin mining companies to diversify amid challenging conditions in the mining sector, but BlocksBridge’s data shows that…