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.

BitMart CPO resigns as insolvency speculation mounts

The resignation of BitMart Chief Product Officer Terence Lee has stoked speculation online that the soon-to-be-shuttered crypto exchange could well be insolvent. In a statement, posted online, Lee claims that he wasn’t “responsible for the exchange’s core business,” and that he’s not involved in BitMart’s “operations, management, or asset-related matters of the company or any of its affiliated entities.” He also stressed that he has “no authority over platform assets, accounts, or matters relating to user funds” and said that he wouldn’t comment on any legal proceedings, calling his resignation “my sole public clarification on this matter.” Crypto streamer Travladd…

ExchangesAug 23

Bitcoin price eyes $66.5K as Qatar pushes US-Iran talks

Bitcoin price rebounded above $64,000 as Qatar reported progress in efforts to restart US-Iran negotiations, while technical charts pointed to a possible breakout from a descending channel. Bitcoin price rebounds above $64,000 According to data from crypto.news, Bitcoin ($BTC) price traded near $64,100 late Tuesday, recovering from an intraday low around $63,300 and extending its rebound from the $62,400-$62,500 support area. The daily chart showed $BTC closing above the 61.8% Fibonacci retracement level at $63,496. Holding this threshold would keep the recovery structure intact and allow buyers to target the 78.6% retracement at $65,026. Bitcoin price daily chart — Aug.…

BitcoinAug 23

Ethereum price now hits $2,405 as RSI spikes to 86, signaling overbought risk

The crypto market surged after President Trump urged Congress to pass the Clarity Act on August 20, 2026, pushing Ethereum price now to $2,405.51. The broader market cap climbed 5.66% to roughly $2.6 trillion, with sentiment firmly in Greed. Momentum and exhaustion sit side by side. $ETH/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Key takeaways $ETH trades at $2,405.51 on August 21, 2026, after a broad market rally triggered by regulatory headlines. Daily RSI has reached 86.31, an extreme overbought reading that historically precedes a pause or pullback. The 1H MACD histogram has turned negative, signaling intraday momentum…

EthereumAug 23

Insider-Linked Wallet Moves Another $9.15M in LAB Tokens to Aster, Raising Market Concerns

An on-chain wallet suspected of belonging to an insider has transferred an additional 10.5 million $LAB tokens to the Aster exchange, valued at approximately $9.15 million at the time of the transaction. This marks the second large deposit from the same address within a 22-hour window, bringing the total transferred over the past 24 hours to $18.69 million. Pattern of Large Transfers Raises Red Flags Blockchain analyst @ai_9684xtpa first flagged the wallet’s activity after the initial transfer last night, which was followed by a sharp decline in the price of $LAB tokens. The repeat deposit suggests a deliberate strategy to…

AltcoinsAug 23

U.S. SEC sets meeting to propose Reg Crypto to support certain digital assets offerings

"We view this as the first of several rulemakings the SEC will undertake to provide regulatory certainty for crypto assets after the Senate failed before the August recess to advance the Clarity Act on crypto market structure," TD Cowen analyst Jaret Seiberg wrote in a client note sent after the SEC's notice. The proposal is expected to give a path to crypto firms enabling them to raise capital for projects without triggering SEC registration requirements, and the businesses are also expected to be provided an exit path for getting clear of the agency's jurisdiction when they're not engaged in hands-on…

LegalAug 23

Binance Executes Massive 498,891,481,684 Shiba Inu Transfer

Binance, the world’s largest cryptocurrency exchange, has transferred more than 490 billion Shiba Inu ($SHIB) in a single transaction. According to blockchain analytics platform Arkham Intelligence, the exchange moved 498,891,481,684 (498.89 billion) Shiba Inu tokens, worth approximately $2.25 million at the time, on August 11. Binance Moves 498B $SHIB tokens Binance Transfers 498 Billion $SHIB to Cold Wallet The transaction involved Binance moving 498.89 billion $SHIB from one of its hot wallets to a cold wallet. Exchanges commonly move assets between hot and cold storage as part of their security and custody practices. Hot wallets remain connected to the internet,…

ExchangesAug 23

Ethereum gains 25% as ETF demand strengthens after record $3B short wipeout

Ethereum continued its strong rally Friday as institutional inflows, renewed derivatives activity, and whale accumulation supported prices following a historic wave of short liquidations. $ETH has climbed approximately 25% since Wednesday, pushing above several major technical indicators and bringing the $2,431 resistance level into focus. Ethereum’s rally comes as Bitcoin added 21% to its value in the last few days to hit the $75,000 psychological level. However, elevated funding rates, profit-taking, and new short positions suggest the rally could encounter volatility as traders weigh the possibility of a pullback. Historic $3 billion short squeeze fuels Ethereum rally The cryptocurrency market…

EthereumAug 23

Could Japan Become XRP’s Biggest Growth Market? Here’s Why the Odds Are Rising

Even in times when $XRP and the company behind it were not in good shape in their home country, Japan has long stood out as a major ally. However, the most recent regulatory and institutional developments suggest that the country could play an even bigger role in their future. Over the past several months, Japan has accelerated efforts to modernize its digital asset framework and has proposed legal reforms to classify many cryptocurrencies as financial instruments, paving the way for spot ETFs. It also introduced a more investor-friendly tax regime. Although the legislation still needs to complete the entire process…

AltcoinsAug 23

South Korea puts crypto exchanges on a seven-day clock under new seizure rules

South Korea is nearing an Aug. 11 deadline for public comments on proposed crypto seizure rules that could give exchanges just seven days to disclose customer holdings once served with a court order. The Supreme Court’s proposed amendments to the Civil Execution Rules would create a standardized process for creditors to freeze, identify and liquidate virtual assets held by debtors. If finalized on the current timetable, the rules are expected to take effect Oct. 1. That would leave exchanges and other virtual asset service providers roughly seven weeks after the consultation closes to prepare for a more formal role in…

LegalAug 23

Crypto DEX volumes hit 2024 lows as traders retreat from risk

Spot trading activity across decentralized exchanges [DEXs] declined sharply as bearish sentiment weighed on altcoins. Blockworks data showed that weekly Spot DEX Volume fell to $30.44 billion between the 3rd and 9th of August. This marked its lowest level since the 23rd–29th of September 2024. Weekly volume stood at $29.26 billion then. Solana [SOL], Ethereum [ETH], and BNB Chain recorded the highest daily trading volumes among tracked networks. Meanwhile, weekly Stablecoin Swap Volume across Spot DEXs fell to $5.74 billion. That represented a 75.8% decline from this year’s $23.74 billion peak, recorded between the 2nd and 8th of February. Lower…

ExchangesAug 23