Author: NBTC

Large institutional investors may’ve begun using the prolonged market downturn to aggressively accumulate Shiba Inu ($SHIB). A mysterious new whale has officially appeared on the radar after withdrawing 162.43 billion $SHIB, worth approximately $672,476, from the institutional custody service Coinbase Prime in a single transaction, according to Arkham. All of the tokens landed in a completely new address with no previous transaction history or known network connections, a clear marker of the emergence of a new major holder. Since Coinbase Prime is designed specifically for hedge funds, corporations, and professional asset managers, such a transfer to an empty wallet is…

South Korea has finalized its 2026 tax reform package while keeping the planned 22% tax on cryptocurrency investment gains set to begin on Jan. 1, 2027. South Korea’s Ministry of Economy and Finance confirmed on Aug. 3 that it had finalized the 2026 tax reform proposal without including another postponement for virtual asset taxation, clearing the way for the long-delayed measure to proceed next year if lawmakers approve the package in the National Assembly. Under the current Income Tax Act, profits from transferring or lending virtual assets will be taxed as other income from Jan. 1, 2027. Investors will pay…

Trading activity in the cryptocurrency market has slowed significantly, with weekly trading volume falling to its lowest level since 2026. According to the latest data shared by Kaiko, a data and analysis provider for digital asset markets, the total trading volume in the cryptocurrency market last week was approximately $15 billion. This figure represents a significant decline compared to levels at the beginning of the year. According to Kaiko’s analysis, the highest trading volume of the year was recorded in January. At that time, the total volume in the markets was approximately three times the current level. According to the…

The Bitcoin market is entering a new phase of dynamism following a sharp increase in institutional interest in spot ETFs. According to recent data, a massive $853 million in capital has flowed into spot Bitcoin funds in a short period. Leading industry experts Dave Weisberger, David Duong, and Mike McGlone discussed these market dynamics, macroeconomic impacts, and potential Bitcoin price movements in a recent broadcast. CoinShares Analysis Director David Duong argued that the size of the capital flowing into spot ETFs reaffirms institutional investors’ confidence in and long-term appetite for crypto assets. Duong stated that with weakening expectations for interest…

Nasdaq-listed Bitcoin mining rig manufacturer Canaan announced on Aug. 4 its intention to sell a portion of its cryptocurrency holdings to finance a share repurchase program. The company’s board approved the American depositary share (ADS) buyback plan in December 2025, and the proceeds from the crypto sale will be directed toward executing it. Why Canaan Is Selling Crypto Canaan’s decision comes as its market capitalization currently trails the combined value of its cryptocurrency holdings and cash-equivalent assets. Based on Aug. 3 market prices, the company’s crypto holdings were valued at approximately $130 million. This gap between the market’s valuation of…

$XRP Ledger validator Hussein Zangana, aka Vet, has pushed back against calls to reduce XRPL reserve requirements. He argued that network security should come before making account creation cheaper. Zangana said he would not support lower reserves unless it can be proven that the network would maintain the same protection against spam and denial-of-service attacks. Validator Says Reserves Are Key to XRPL Security In a post on X, Vet explained that XRPL reserves were created to protect the network’s storage and memory resources from spam and distributed denial-of-service (DDoS) attacks. He noted that, in 2012, creating an account originally required…

His organization started work several weeks ago as the Digital Asset Market Clarity Act has been heading toward the intense endgame of its U.S. Senate negotiations, in which many Democrats and some Republicans have wavered or stridently withheld their support as some of the bill’s most contentious points are debated. “As the public dialogue and debate is going on about the Clarity Act and other regulatory schemes, we want the decision makers and the American public to have all the information that they possibly can and understand the risks in each different category,” Fay said. A June survey it commissioned…

Prediction markets allow people to buy and sell contracts tied to the outcome of future events rather than purchasing traditional financial assets. Traders can speculate on everything from elections and economic data to sports championships, with prices shifting as expectations change. The World Cup, one of the world’s largest sporting events, created an ideal environment for rapid trading activity as every match generated new opportunities. Trading Activity Rises to New Heights The numbers logged in June and July, from Dune.com’s prediction marketplace dashboard, illustrate just how dramatic the increase became. Total prediction market notional volume reached $54.09 billion in July,…

Volatility and Market Liquidations Bitcoin ($BTC) slid below $64,000 Monday afternoon, snapping a multi-day streak of marginal gains after bitcoin treasury giant Strategy sold 1,690 bitcoins to fund preferred stock repurchases. The downturn comes against a backdrop of regulatory and technical headwinds, including controversy surrounding the CLARITY Act vote and a BIP-110 chain split. Yet, a few hours before tumbling, bitcoin appeared on course to replicate the price action that saw it breach the $65,000 threshold on Aug. 7. In fact, as shown by the daily chart, the cryptocurrency tapped an intraday high of $65,416 just after 6 p.m. EST…

The majority of surveyed Russian citizens fail to recognize significant use cases for cryptocurrency despite its upcoming legalization in their country. The finding comes before the enforcement of a comprehensive regulatory framework in September as Moscow seeks to take the reins of the growing market. Russians remain skeptical about crypto ahead of restrictive regulations Around 69% of the participants in a new survey do not expect any real use cases for cryptocurrency even after it is permitted in Russia next month. Approximately 52% of the respondents admit they are not using the digital asset now and don’t understand how its…