Author: NBTC

$EIGEN’s price didn’t move, but the on-chain numbers did. On Wednesday, EigenLayer registered 60 whale transactions, the highest single-day count since March 16, according to the on-chain update from Santiment. At the same time, 219 new $EIGEN wallets were created, more than any day since June 10. Yet the token barely budged, holding near $0.23. The divergence is the story. Large holders don’t move this much without a reason, and a flood of fresh addresses often precedes a repricing. But the flat price suggests this isn’t a retail-driven breakout. It looks more like early accumulation, the kind that shows up…

Coinbase Financial Markets lost its bid for preliminary relief in Michigan on Aug. 6 after U.S. District Judge Shalina Kumar refused to block state officials from enforcing sports betting laws against the company’s event contracts. The order leaves Coinbase without the injunction it sought as its challenge continues. Coinbase sued Michigan Attorney General Dana Nessel, arguing that event contracts offered through federally regulated prediction markets fall under the Commodity Exchange Act and the Commodity Futures Trading Commission’s exclusive jurisdiction. Coinbase wants Michigan customers to access contracts supplied through Kalshi. Judge rejects Coinbase’s preemption case Kumar concluded that Coinbase had not…

Blanket, a new artificial intelligence tool powered by Kalshi, has launched publicly to help small businesses identify prediction markets that could be used to hedge against real world risks. The platform was created by financial economist Lauris Zminsky and operates as an independent project that directs users toward contracts available on Kalshi, according to Fortune. Zminsky does not work for Kalshi and owns the Blanket platform. Blanket allows business owners to describe risks affecting their operations, including hurricanes, higher fuel prices or unusually warm winters. Its AI reasoning engine then searches for relevant yes or no markets on Kalshi that…

Sui has unveiled Tessera, a business-to-business payments and settlement network designed to keep transaction amounts private, according to an announcement on its official X account. The prototype aims to address a long-standing barrier to blockchain adoption in institutional finance: the public visibility of transaction details. Why privacy matters for institutional settlement Institutions are often reluctant to settle trades on infrastructure where competitors can see prices and volumes, Sui explained. Most blockchains disclose transaction amounts transparently, which has discouraged real-world B2B payments from moving on-chain. Tessera is built to change that by leveraging Seal MPC and confidential transfers, enabling counterparties to…

Bitcoin has confirmed a major rounding top breakdown after losing the $65,000 support zone, with technical indicators and derivatives positioning pointing to a possible decline toward the mid-$40,000 range. According to data from crypto.news, Bitcoin ($BTC) price traded near $62,900 on June 11 after recovering from a sharp selloff that briefly pushed the asset below $61,000 earlier in the week. Market sentiment remains fragile as investors continue digesting persistent spot ETF outflows, geopolitical tensions in the Middle East, and growing concerns that capital is rotating into high-profile technology opportunities instead of crypto assets. SoSoValue data shows that the U.S. spot…

Firmus, a former Bitcoin mining company that has repositioned itself as an AI infrastructure provider, has secured $2 billion in new equity funding, lifting its post-money valuation above $10.5 billion as it expands AI factory projects across Australia and the Asia-Pacific region. According to Firmus, the strategic equity round received full investment commitments from existing backers Coatue and Nvidia, alongside new funding from funds managed by Blackstone Tactical Opportunities and other Blackstone vehicles, with additional participation from global trading and technology firm Jane Street. The latest raise nearly doubles Firmus’ valuation from the $5.5 billion level recorded during its April…

Eigenlayer’s on-chain footprint printed its busiest day in months on Wednesday—60 whale transactions—yet $EIGEN’s price barely stirred. The token sits at $0.23, flat even as new wallet creation jumped to 219, the highest since June 10, according to the Santiment update. The data suggests early positioning, not a sudden retail chase. Whale Moves and New Wallets Resurface The 60 large transactions represent a four-month high, matching levels last seen on March 16. Similarly, 219 fresh $EIGEN wallets popped up, a spike that hadn’t been observed since early June. Sudden bursts in on-chain activity when price stays neutral often carry a…

South Korea is set to eliminate the monetary threshold for its crypto travel rule, requiring virtual asset service providers (VASPs) to submit transaction information for every digital asset transfer, regardless of amount. The revised enforcement will take effect on Aug. 20, following a Cabinet meeting review on Aug. 11, as reported by Digital Asset. What the travel rule change means Under the current framework, VASPs only needed to provide sender and recipient information for transfers exceeding 1 million won (approximately $730). The amendment to the Act on Reporting and Using Specified Financial Transaction Information removes this threshold, meaning even small-value…

The company’s deteriorating financial performance compounded these concerns. BitMEX continued to lose market share throughout the sale process as trading activity migrated to larger centralized exchanges and decentralized perpetual futures platforms. This made potential acquirers reluctant to pay the revenue multiple typically reserved for growing businesses, the person said. Both and BitMEX and Exodus did not respond to requests for comment by publication time. The exchange was reportedly seeking a valuation of around $1 billion during the process, although it is unclear whether formal bids were ever submitted. BitMEX was one of crypto’s most influential exchanges, pioneering the perpetual futures…

Bitcoin ($BTC) price could reach $256,000 within 12 months, according to Adam Livingston, an advisor to Saturn Credit, who argues the flagship coin is now historically cheap relative to gold (XAUT). In an X post on June 11, Livingston stated that the gold-to-Bitcoin ratio is now about 76% below its long-term power-law fair value. As such, he noted that if $BTC price returns to that fair value, it would roughly quadruple against gold, thus a target of $256,000. Gold priced in $BTC. Source: Adam Livingston However, this Bitcoin price target holds only if Gold continues to consolidate during this period.…