Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

American Bitcoin posts $57.2M loss as BTC stack grows

American Bitcoin Corp., the Bitcoin miner co founded by Eric Trump and majority owned by Hut 8, reported a $57.2 million net loss for the second quarter on Aug. 3. The result included a $71.2 million loss on digital assets, even as the company delivered record production and expanded its reserve to approximately 8,002 $BTC, according to its official quarterly results. The loss narrowed from $81.8 million in the first quarter. Revenue increased from $62.1 million to $67 million, while adjusted EBITDA remained negative at $45 million, compared with a $91.3 million loss three months earlier. American Bitcoin’s asset loss…

BitcoinAug 26

MSX Launches Buybacks for Anthropic and Polymarket in Second Pre-IPO Tranche, Polymarket Valuation Climbs 33.3%

MSX, a real-world asset (RWA) platform, has officially opened buyback applications for Anthropic and Polymarket, the two projects in its second pre-IPO tranche. The move allows early investors to exit their positions at current market valuations, with Polymarket’s reference price having surged to $202.67 per share from its original subscription price of $152—an estimated return of 33.3%. How the Buyback Process Works Users who subscribed to these pre-IPO tokens can now apply for redemption based on the latest market price. Upon approval, they receive settlement in $USDT (a stablecoin pegged to the US dollar), effectively locking in their gains. Alternatively,…

RegulationAug 26

The First-Ever Spot ETF for an Altcoin Launched Today

Cryptocurrency asset management company Grayscale has launched a new exchange-traded product (ETF) in the US, offering investment in the privacy-focused altcoin Zcash ($ZEC). The company’s Zcash ETF, ZCSH, began trading on the NYSE Arca today. Created by converting the Grayscale Zcash Trust into an ETF, ZCSH is the first exchange-traded product in the US to focus on $ZEC. According to shared data, as of August 24, the fund had approximately $314 million in assets under management, with approximately 387,200 $ZEC in its portfolio. The annual management fee for ZCSH has been set at 2.5%. Grayscale also announced that revenue from…

AltcoinsAug 26

Weekend Trading Pushes Hyperliquid HIP-3 Open Interest Past $4 Billion

Hyperliquid’s HIP-3 markets have grown tremendously both in terms of volume and open interest ever since going live on mainnet last year in October. This weekend saw HIP-3 markets notch up another milestone as they closed above $4 billion in open interest for the first time. A month ago the figure stood at $3.67 billion, meaning the last four weeks saw a rise of 9.8%. Rewinding back to the start of the year, it was $259.33 million. That is a 1,454% increase in a little over seven months. The timing of it is what makes the story for what it…

ExchangesAug 26

BNB Chain activates Pasteur hard fork to strengthen bridge security

$BNB Smart Chain (BSC) activated its Pasteur hard fork on Tuesday, closing bridge verification and validator authorization gaps while introducing a new route intended to fit more transactions into each block. In a Tuesday post, $BNB Chain confirmed that Pasteur was live on the BSC mainnet. The team said the upgrade strengthens the network’s bridge, staking and governance security while giving blocks more capacity without changing its 450-millisecond block time. The upgrade combines three $BNB Evolution Proposals. BEP-682 rejects duplicate validator entries during cross-chain light-block verification, while BEP-695 tightens controls involving validator key rotation, slashing and governance voting. Furthermore, BEP-675…

BlockchainAug 26

Strategy-Linked Wallet Moves 300 BTC, Sparking Fresh Selling Concerns

A wallet associated with Strategy (MSTR) has transferred 299.84 $BTC, valued at approximately $18.91 million, according to blockchain tracking service Lookonchain. The transaction, which occurred about nine hours ago, has drawn attention from market observers due to the company’s history of selling Bitcoin during specific windows. Context and Recent Activity Lookonchain noted that the last time Strategy moved $BTC was between July 1 and July 5, when the firm sold 3,588 $BTC worth roughly $216 million. This latest transfer, while smaller in scale, could signal a continuation of the company’s treasury management strategy or potential preparation for a sale. Strategy,…

BitcoinAug 26

Ripple's RLUSD Market Cap Crosses $2B, Nearly $1B on XRP Ledger

$RLUSD Supply Crosses $2 Billion Ripple USD ($RLUSD) surpassed $2 billion in market capitalization last week. On Aug. 25, Ripple shared the milestone in a post on X: “$RLUSD crossed $2B in market cap last week, with close to $1B issued on the $XRP Ledger. Live since December 2024, built for real-world utility and designed for enterprise use cases. “ Each $RLUSD token is designed to maintain a value of $1 through reserves containing cash and permitted cash equivalents. Ripple’s $RLUSD documentation states that reserves are held in segregated accounts and include short-term U.S. Treasury bills, government money market funds,…

AltcoinsAug 26

“Come Build Here” as Virtual Assets Act Moves Forward

Pakistan has announced a new regulatory framework for crypto after banning the asset class for close to a decade, Announcing the news in an X post Friday, Bilal Bin Saqib, the special assistant to the prime minister on blockchain and cryptocurrency, invited foreign businesses to come to the country and set up shop. Pakistan’s Virtual Assets Act introduces the country’s first comprehensive legal framework for overseeing virtual assets and the businesses that operate in this space. 8 years of prohibition end today. Chairman PVARA @BilalBinSaqib announces the notification of the Licensing Regulations and the opening of the licensing portal, and…

LegalAug 26

Unlucky crypto trader loses $1.98 million on long bet

As the $KAITO ($KAITO) price plummeted more than 27% during the past 7 days, a crypto trader on the Hyperliquid decentralized exchange (DEX) lost $1.98 million in 8 days. On August 10, trader 0x2be3…8082 closed a $KAITO long trade with a net loss of 1,978,855. In addition to fees paid of about $4,083, this trader lost a total of $1,982,938 in about 192 hours. 0x2be3…8082’s completed trades on Hyperliquid. Source: Hyperbot Essentially, this trader opened a long position for 6,065,626 $KAITO amid bullish exhaustion earlier last week. As the token traded at about $0.6693 earlier on Monday, this crypto derivatives…

ExchangesAug 26

Shipyard winds down IPFS work after Protocol Labs ends funding

InterPlanetary File System (IPFS) maintainer Shipyard will wind down its engineering, maintenance and infrastructure operations on Sept. 30 after Protocol Labs declined to renew its funding. The funding loss will leave projects including Kubo, Helia, Boxo, Rainbow, IPFS Desktop and IPFS Companion without dedicated maintainers, Shipyard said in a Monday blog post. IPFS is an open-source protocol for storing and sharing data across peer-to-peer networks. Protocol Labs is a research and development organization that created IPFS and Filecoin, a blockchain network designed to incentivize decentralized data storage. The engineering collective will cease operating public infrastructure, including ipfs.io, dweb.link, delegated-ipfs.dev and…

BlockchainAug 26