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Author: 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.

Saylor Calls Strategy the "JPMorgan of Crypto"

A Bold Comparison, Days After a Warning Saylor’s post landed as a short, declarative line stating that “Strategy is the JPMorgan” of the crypto economy. No thread, no chart, no elaboration, just the kind of one-line framing Saylor has used for years to position his company as more than a corporate bitcoin buyer. Image source: X JPMorgan spent much of early July warning that Strategy’s revamped bitcoin sales policy introduces what the bank called two-way risk to crypto markets, meaning one of bitcoin’s largest and most reliable buyers could, for the first time in years, also become a seller with…

Bitcoin

One of the Best Ethereum (ETH) Traders in History Loses $49 Million and 23-Win Streak

Due to $ETH's abrupt breakout, which resulted in nearly $3 billion in cryptocurrency liquidations and heavily penalized short positions, one of Ethereum's most prosperous high-leverage traders experienced a severe reversal. History doesn't guarantee the future During the trade, the trader known as pension-usdt.eth reportedly lost about $49 million, ending an incredible 23-trade winning streak. The account's reputation was largely established through its successful shorting of Ethereum, so the most recent loss was especially noteworthy: when $ETH suddenly moved against it, the same strategy that had produced frequent wins became very costly. $ETH/USDT Chart by TradingView Over 172,000 traders were impacted…

Ethereum

Starknet Resolves Shielding Deposit Issue Following STRK20 Upgrade — What Comes Next

Starknet has announced that it has resolved an issue related to shielding deposits following the recent STRK20 contract upgrade. This upgrade aimed to support expanded screening functionality, which temporarily made new shielding deposits unavailable due to a verification step issue. The resolution will benefit users seeking enhanced privacy on the network, as detailed in Starknet’s announcement. What Went Down The recent developments in Starknet highlight its commitment to improving user privacy and functionality. After the STRK20 contract upgrade, users faced a temporary halt in shielding deposits due to a verification error. However, Starknet’s quick resolution means that shielding is available…

Altcoins

Hyperliquid is seeking a compliant path to launch perp trading in the U.S

Hyperliquid has ramped up its lobbying of U.S. regulators in search of a compliant way to bring perpetual futures to the country. The Information reporter, Yueqi Yang, who interviewed Hyperliquid Policy Center on the matter, revealed that the perp exchange “has stepped up outreach to U.S. regulators as it looks for path to U.S. markets.” Hyperliquid is not open to U.S. users due to regulatory constraints. Perps are not banned outright in the United States, but they do not fit neatly under the Commodity Exchange Act, which sets the clearing, margin, and execution rules for derivatives traded on registered venues.…

Exchanges

Bitcoin Miners Get a Lifeline as Hashprice Explodes 20% Higher

Bitcoin Mining Revenue Rises Bitcoin miners are finally catching a break from the price jump, with hashprice climbing from a daily rate of $31.80 per petahash per second (PH/s) on Aug. 18 to the current $38.29 PH/s on Saturday, Aug. 22. Hashprice measures how much revenue a bitcoin miner can squeeze from a specific amount of hashrate, in this case, a petahash. There are roughly 1,000 terahash per second (TH/s) in a single petahash, and some of today’s top mining machines are pushing past that processing power or close to it. At current hashprice values, for example, a Bitmain Antminer…

Mining

LayerZero to axe 14 low-activity chains after KelpDAO exploit – Details

Cross-chain interoperability provider LayerZero will withdraw off-chain support for 14 low-activity chains, including Arbitrum Nova. In its latest statement, the firm said that its DVN (decentralized verifier network) and Executors, collectively responsible for off-chain communication between different chains, will be deprecated for the 14 chains. The affected networks include Cronos zkEVM, Degen, Skale Europa, Superposition, Shrapnel, and more. As a result, some assets, including stablecoins (USDT and USDC) across these chains, could be stranded if not moved before the full shutdown. According to LayerZero, the off-chain support will be axed in 30 days (by September). Since July, LayerZero has flagged…

Blockchain

Bitcoin must clear $65,000 before Friday, or jobs data could turn $62,000 into a trapdoor to $60,000

Bitcoin and jobs data are on a collision course this week, with the price pinned between $62,200 and $65,000 after the first economic release worked against the bulls. The ISM Manufacturing PMI printed 55.6 on Aug. 3, beating the 54.0 consensus and rising from June's 53.3 to its highest reading since May 2022. New orders climbed to 56.7, and employment entered expansion for the first time in 33 months at 52.8. Prices paid held at 71.1, a level that keeps the inflation case alive even as growth accelerates. Bitcoin traded near $63,755 when the report landed, inside a session range…

Bitcoin

Tom Lee Backs Ether as Vital Layer for AI

U.S. corporation Bitmine Immersion Technologies (BMNR) increased the value of its crypto reserves by $2.2 billion in a single day amid a major Ethereum rally that pushed the altcoin above $2,200, according to CryptoQuant's analyst Maartunn. The company emerged as the main institutional beneficiary of the current market momentum. According to Bitmine's latest operational report, its balance sheet holds 5.815 million $ETH — nearly 4.8% of the cryptocurrency's entire circulating supply. At the beginning of the week, this portfolio was valued at $11 billion, but following a 20% price increase, its value reached $13.2 billion. $ETH price, total invested capital,…

Ethereum

Is Everything OK With Shiba Inu (SHIB) X Account? It Suddenly Starts Promoting Low-Cap Coins

The official Shiba Inu ($SHIB) token account on X, which has an audience of 3.8 million followers, has suddenly shifted away from its usual focus. Instead of covering the $SHIB token and the development of its own ecosystem, the project's media infrastructure has begun actively promoting third-party meme tokens with extremely low market capitalizations. Two unusual posts appeared on the profile one after another. In a reply beneath another account's post, the Shiba Inu account left a brief comment openly claiming that a new, little-known frog-themed token was superior to PEPE, a genuinely major project. The post it replied to…

Altcoins

A Simulated Prediction Market for AI Trading Agents

SKALE Labs has introduced Agent Pit, a simulated prediction market designed to provide artificial intelligence agents with a realistic training environment for trading strategies. The platform replicates the core mechanics of Polymarket, including its order book, market settlement processes, and real-time event data feeds, according to a report from The Block. What Is Agent Pit and How Does It Work? Agent Pit operates as a sandbox environment where AI agents can engage in trading activities without the risk of real financial loss. By mirroring Polymarket’s structure, the platform allows developers and researchers to test algorithms under conditions that closely resemble…

Exchanges