Author: NBTC

Ethereum researcher Justin Drake said on Aug. 13 that the Ethereum Foundation is abandoning Poseidon for future layer-1 (L1) designs and pivoting toward SHA or BLAKE hashes after eight years of work on specialized, proof-friendly cryptography. Drake reported no break in Poseidon and issued no migration order, noting that recent gains in proof systems changed the performance tradeoff that had favored the hash. SNARKs produce compact proofs that a computation was performed correctly. Many use arithmetic over large prime fields, where the bitwise operations behind conventional hashes such as SHA-256 and Keccak historically imposed a high proving cost. Poseidon was…

The trader who legally withdrew 4.426 trillion $BONK tokens from the $BONK treasury through the governance process is reportedly continuing to sell. According to on-chain data shared via X, the trader in question sold another 800 billion $BONK tokens today. The sale is said to be worth approximately $2.48 million. In the incident on July 6th, the trader gained control of a total of 4.426 trillion $BONK tokens from the $BONK treasury, worth approximately $21.2 million. Since then, the price of $BONK has fallen by about 40%. Related News An Altcoin Is Heading to a Vote That Will Have Numerous…

U.S Treasury Secretary Scott Bessent has dismissed Senate Democrats for stalling the crypto market structure bill, the CLARITY Act. In a statement on Thursday, the 30th of July, Bessent noted that Democrats’ opposition was not surprising but “disappointing.” It’s disappointing — but not surprising — that Senate Democrats are choosing politics on the cusp of a major victory for American leadership. American Exceptionalism was once a bipartisan goal; if Clarity fails, I have serious doubts. The Senate Democrats, including pro-crypto ones such as Angela Alsobrooks and Ruben Gallego, withheld support for the bill, citing ethics, developer protections (BRCA) and illicit…

Three Bored Ape sales at steep losses accompanied a month-long contraction in the leveraged Ethereum account that Lookonchain publicly tracks as Machi Big Brother’s. By Aug. 14, official venue data showed the $ETH long had been cut by more than half, yet the market remained close to the account’s liquidation line. At 3:51:43 p.m. UTC, Hyperliquid’s public Info API showed the address holding a 2,500 $ETH long with a displayed 25x leverage setting and a liquidation price of $1,859.15, and 14 seconds later the venue’s $ETH midpoint was $1,881.65. That left an indicative $22.50 gap, with the midpoint 1.21% above…

BlackRock, on Monday, expanded its push into tokenized finance with the debut of two blockchain-based money market products designed to serve both traditional investors and the growing stablecoin industry. The bank was also skeptical about Circle’s push into agentic payments, saying transaction volume has fallen to about $41,900 per day, with an implied average transaction size of roughly 24 cents, suggesting limited commercial adoption. The stablecoin market is becoming more competitive following the introduction of Open USD, a new stablecoin model with shared governance and reserve economics. Morgan Stanley said that structure could make it more expensive for Circle to…

TRON News Tron Inc has expanded its Tron treasury, purchasing 153,993 $TRX at an average cost of $0.3247 and lifting its total holdings above 705.6 million tokens. The company disclosed the acquisition as part of an ongoing strategy to accumulate the network’s native asset. TRON ($TRX), the leading smart-contract altcoin behind one of the largest stablecoin settlement layers, has increasingly become a corporate reserve asset. The latest buy underscores a steady, phased approach rather than a single large allocation, with the firm signaling it intends to keep growing its digital asset holdings over the long term as blockchain adoption widens.…

The SEC has delivered an unusually blunt ultimatum to lawmakers: if the CLARITY Act stalls, the agency will write its own crypto market rules. The statement, flagged in the latest weekly roundup, injects fresh unpredictability into a regulatory process that already faces heavy bank lobbying. The warning came during a week that also saw Morgan Stanley launch spot Ethereum and Solana exchange-traded products and BNY Mellon move fund recordkeeping on-chain. The SEC’s posture effectively raises the stakes on a bill that has been teetering in the Senate. With less than four days before a scheduled vote, major banking interests have…

Trading volume across South Korea’s five major won-based crypto exchanges fell 54.6% year over year in the first half of 2026 as liquidity became increasingly concentrated on market leader Upbit. South Korea crypto volume drops below $367B Upbit, Bithumb, Coinone, Korbit and Gopax generated about $366.58 billion in combined trading volume during the first six months of the year, NexBlock reported. That represented a 54.6% decline from the corresponding period in 2025. The contraction continued in July. From July 1 through July 27, the five exchanges recorded cumulative trading volume of approximately 17.34 trillion won, down 16.9% from the same…

As Bitcoin seeks to stabilize above $60,000, its on-chain activity has returned to levels last observed during the 2018–2019 bear market transition, drawing a significant historical parallel. Bitcoin active addresses are the source of the crucial signal. The 30-day EMA of active addresses recently hit a low of about 609,700, while the 100-day EMA reached about 622,000, according to the data provided. Bitcoin breaking the key barrier At this point, both averages began to rise. This puts network activity in the vicinity of the 600,000-address range, which signaled a significant change during the 2018–2019 cycle. At that time, the 100-day…

Grayscale’s head of research, Zach Pandl, has shared a thought experiment on X that recasts Ethereum as a tiny country running its books through money printing rather than taxes. Pandl tagged his post as a “Quasi brainstorm on $ETH issuance.” He then went into the details, where he stated that Ethereum “is akin to a minimal nation-state” that has one job, which is to guard property rights and the exchange of value. He also discussed how Ethereum will be funding its spending, having written that “Ethereum does not raise taxes to fund government services.” Pandl said that the network funds…