Author: NBTC

“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…

Jiang Zhuoer, founder of the China-rooted mining pool $BTC.top, has projected that Bitcoin could fall to $44,016 by late October, citing historical patterns in the cryptocurrency’s four-year market cycle. His analysis suggests that the current bear market has not yet matched previous downturns in either duration or depth, indicating further downside may be ahead. Historical Cycle Comparison Jiang’s forecast is based on a comparison of Bitcoin’s past three bear markets, which all exhibited similar timeframes and drawdowns. According to his data, the maximum declines in those cycles were 86.9%, 84.1%, and 77.6%, respectively. In the current cycle, he projects a…

An Ethereum [$ETH] whale moved 10.3K $ETH, valued at approximately $19.5 million, off Kraken in a span of just 24 hours. The activity followed the previous pattern of withdrawal of the wallet, and it also decreased the amount of funds held by the wallet on the exchange. Notably, the whale withdrew another 5K $ETH worth approximately $9.53 million in the most recent transaction. However, accumulation alone did not capture the full supply implications behind these movements. The wallet also staked 2.02K $ETH, worth approximately $3.84 million, through Ethereum’s Beacon Deposit Contract. Therefore, part of the withdrawn supply moved toward staking…