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.

Oraichain Announces 500,000 ORAI Burn — And Why Traders Are Watching

Oraichain has announced the burn of 500,000 ORAI tokens following the approval of Proposal #319. This marks the first phase of a total planned burn of 1,000,000 ORAI, which aims to reduce the total supply significantly. For more details, see the official source here. The Key Development The recent announcement from Oraichain highlights a strategic move to enhance the value of ORAI tokens through a significant reduction in supply. With the approval of Proposal #319, 500,000 ORAI will be permanently removed from circulation, a decision that traders are keenly observing. This planned burn may not only affect token scarcity but…

AltcoinsAug 24

Coinbase to Shift Offshore Perpetual Futures Infrastructure to Deribit on Sept. 9

Coinbase has announced plans to migrate its offshore perpetual futures trading infrastructure to Deribit, effective September 9, 2026. The integration, first highlighted by Greeks.live researcher Adam, will enable eligible Coinbase users to directly trade cryptocurrency options, including Bitcoin and Ethereum, through the Deribit platform. What the Migration Entails According to an official Coinbase announcement, the move is designed to consolidate trading operations and enhance the overall derivatives ecosystem. By leveraging Deribit’s high-performance matching engine and deep liquidity pools, Coinbase aims to offer users a more robust and unified trading experience. The integration is expected to unify spot, perpetual futures, and…

ExchangesAug 24

Bitcoin price nears $64K despite Strategy sale, Coldcard

Bitcoin recovered above $63,000 on Tuesday, Aug. 4, after falling to an intraday low near $62,227. The asset reached $64,117 before easing toward $63,545, leaving it about 1.6% higher over 24 hours at the latest market reading. The rebound came despite fresh selling disclosures from Strategy and another suspected wave of Coldcard wallet sweeps. BNB and Dogecoin were also higher, while an earlier Asian session snapshot showed Ether as the only major token still negative over seven days. Bitcoin price rebounds, but the trend remains fragile The recovery returned Bitcoin to the middle of the range that has contained trading…

BitcoinAug 24

Ethereum Explodes 15% as Massive Buying Hits—Can ETH Break $2,500?

Ethereum price has broken out—and traders are now staring at $2,500. $ETH surged 15% to reclaim $2,200 as buyers unleashed a staggering $2.55 billion in taker volume within a single hour, making the buying behind the move as significant as the price surge itself. Large-wallet accumulation has added further weight to the breakout, while $ETH has cleared a prolonged consolidation range. Now, the rally faces its biggest test yet: can buyers absorb the $2,400–$2,500 supply zone and turn this sudden breakout into a much larger Ethereum price rally? Ethereum Buyers Just Dropped a $2.55B Bombshell—Here’s What It Signals Ethereum’s breakout…

EthereumAug 24

Inside Algorand’s New Contract Deployments — The Takeaway for Crypto

Traders scanning the order books got a surprise when Algorand announced it saw over 1.8 million new contract deployments over the past quarter. This significant uptick in activity was shared via a tweet from Token Terminal, drawing attention to the platform’s growing adoption and utilization in the ecosystem. Such developments can influence overall investor sentiment and market dynamics in the crypto space. What Happened The broader crypto market is currently displaying mixed signals, with various assets exhibiting fluctuating momentum. Against this backdrop, Algorand’s announcement showcases a remarkable increase in smart contract deployments, reflecting heightened interest and engagement from developers and…

AltcoinsAug 24

Capital Gains Tax, Staking and DeFi Explained

Australia taxes cryptocurrencies under its existing income tax and capital gains tax rules rather than through a separate crypto tax regime. Depending on the transaction, investors may owe capital gains tax, ordinary income tax, or both. As of 2025-26, people who own crypto assets must report the following transactions: selling, trading, using, earning through staking, and using crypto in DeFi. The outcome of taxation will vary depending on the type of activity. Selling, swapping, spending, or gifting crypto can produce a capital gain or loss, while staking and some DeFi activities may create ordinary income. How Does Australia Tax Crypto?…

LegalAug 24

Analyst Says AI Agent Economy Still in Early Stages

Jamie Coutts, a crypto market analyst at Real Vision, has reported that the daily payment volume for x402—a protocol designed for autonomous AI agent payments—has fallen 93% since the start of the year. The sharp decline suggests that the so-called “agent economy” remains in its infancy, despite growing interest in AI-driven transactions. What Is x402 and Why Does It Matter? x402 is a payment protocol that enables AI agents to transact autonomously using stablecoins. It is seen as a foundational layer for machine-to-machine payments, where AI agents can pay for APIs, data sets, or computing resources without human intervention. The…

ExchangesAug 24

Ethereum jumps 18% as $1 billion short squeeze fuels crypto breakout

Ethereum has rallied 17.7% over the past 24 hours to $2,249.80, with more than $1 billion in $ETH short positions liquidated as falling US Treasury yields and fresh regulatory developments drove traders back into crypto. CoinGecko data showed $ETH climbing from below $1,950 on Aug. 19 to an intraday peak near $2,300 before settling close to $2,250 on Aug. 20, leaving the token up 19.3% over the past seven days. The rally followed a US Treasury announcement on Aug. 19 that it would at least double the size of liquidity-support buybacks for longer-dated government debt. The maximum purchase size for…

EthereumAug 24

Arbitrum Announces Ten Innovative Teams — And Why It’s Not Just Hype

Arbitrum has announced that ten exceptional teams from its Mentorship Program are developing a range of new financial products, including tokenized hedge funds and AI-driven credit markets. This initiative underscores Arbitrum’s commitment to fostering innovation within its ecosystem and was shared via their official Twitter channel here. Inside the Move While most altcoins traded sideways today, Arbitrum broke ranks with a significant announcement regarding its Mentorship Program. The ten selected teams are set to introduce various innovative financial products onchain, a move that could enhance the platform’s appeal and utility. This initiative follows Arbitrum’s recent collaborations aimed at expanding its…

AltcoinsAug 24

Kraken MEXC partnership shifts Dutch clients to a MiCA-licensed platform

Kraven’s rivals are consolidating fast in Europe, and the latest sign of that shift comes from an unlikely pairing. The Kraken MEXC partnership announced this week will see MEXC refer its Netherlands-based spot and derivatives clients directly to Kraken, as MEXC winds down its offering in that market. It’s a quiet but telling moment for an industry where regulatory weight increasingly decides who stays and who exits. Key takeaways Kraken and MEXC are partnering so MEXC can refer its Netherlands spot and derivatives clients to Kraken as it exits the market. Kraken has held MiCA authorization through the Central Bank…

ExchangesAug 24