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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.

Poolin owes wallet users $163.7M, and its $52M Texas sale can still unravel next week

Poolin Technology and several affiliates entered Chapter 11 on July 22 with two proposed asset sales, worth a combined $52 million, tied to its West Texas mining sites. Prospective buyer Thor CALAP LLC can terminate either deal over unsatisfactory diligence through Aug. 9, five days before the court's scheduled hearing on the bidding process and sale. Poolin Wallet customers have the most riding on that deadline, as many have been waiting since the company's 2022 liquidity crisis, when Poolin issued IOUs to roughly 11,700 wallet holders with balances above $100. Its first-day bankruptcy declaration lists over $163.7 million of those…

Bitcoin

Ethereum price breakout risks pullback with RSI at 86

Ethereum price climbed 3% to about $2,397 on Aug. 21 after reaching an intraday high near $2,448, extending a breakout driven by ETF inflows, short liquidations and stronger risk appetite. Ethereum price action today According to data from crypto.news, Ethereum ($ETH) price opened at $2,327 on Aug. 21 before climbing to $2,448 and settling near $2,397 at the time of writing. The 3% daily increase followed a much larger move that carried $ETH from below $2,000 to more than $2,300 within two sessions. The rally pushed Ethereum through several levels that had limited gains since April, including the $2,000 psychological…

Ethereum

DEXE Token Surges 4.84% in Five Minutes, Reaches $39.93

The decentralized finance token $DEXE experienced a sharp price increase of 4.84% within a five-minute window on the Bitcoin World market, reaching a current trading price of $39.93. The sudden movement has drawn attention from traders monitoring volatility in the DeFi sector. Understanding the Sudden Price Movement Short-term price spikes in cryptocurrency markets can be triggered by a variety of factors, including large buy orders, automated trading algorithms, or the release of project-specific news. While the exact catalyst for this particular move remains unclear, the speed and magnitude of the increase suggest significant buying pressure concentrated in a brief period.…

Altcoins

Athena Bitcoin agreed to a $4.5 million settlement, but claimants may have less than $3 million to split

Crypto ATM firm Athena Bitcoin’s proposed $4.5 million settlement over telemarketing texts will face its final review in federal court on Aug. 10. Judge Mark E. Walker will consider whether to approve the agreement, class counsel’s proposed fee and a representative award. The settlement remained pending at the reporting cutoff. The case alleges that Athena sent more than one promotional text within a 12-month period to certain recipients more than 30 days after they had sent a message consisting only of “STOP.” Athena has denied wrongdoing or any violation of the law, and the settlement does not constitute a court…

Legal

UK FCA and HTX in settlement talks over illegal crypto promotions

The UK’s Financial Conduct Authority (FCA) and the $HTX (formerly Huobi) exchange have started talks to settle a lawsuit that accuses the Justin Sun-backed platform of illegally marketing crypto to UK consumers, according to court filings on Thursday. $HTX lawsuit first of its kind The lawsuit that dragged $HTX to London’s High Court in October 2025 was something the FCA had never done before. The regulator was suing a crypto firm over how it marketed services to British consumers. The target of the lawsuit, $HTX, known as Huobi until a rebrand, ranks among the largest crypto exchanges in the world.…

Exchanges

BTC Hits $64,360, but Bitfinex Warns of Downside Risks

Bitcoin Defends $63,500 Support Bitcoin oscillated between $63,300 and $64,300 on Tuesday amid reports that the U.S. Senate could vote on the CLARITY Act this week. Since reclaiming $63,000 shortly after midday on Aug. 3, the cryptocurrency has largely held above that key threshold. In fact, 24-hour data shows that save for two occasions when it tumbled to $63,300 (Aug. 3, 9 p.m. EDT) and $63,400 (Aug. 4, 6:30 a.m. EDT), bitcoin found support above $63,500. Initially, the cryptocurrency appeared to lose momentum after tapping $64,000. However, after rallying to $64,129 (10:20 a.m. EDT), each surge that followed saw it…

Bitcoin

3 Reasons Why ETH Is Leading This Rally

Ethereum is trading at $2,389 at the time of writing, up 2.73% on the day after opening at $2,326 and reaching $2,396. The intraday high has come within four dollars of $2,400, a level that has capped every rally since April. Ethereum price in USD The headline number understates what actually happened. $ETH has gone from roughly $1,900 to nearly $2,400 in three sessions. That is a move of about 25% on the week, and it delivered Ethereum's largest single-day gain since May 2025. More to the point, $ETH is not simply following Bitcoin higher. It is running ahead of…

Ethereum

Ripple Swell 2026 Nears With Expanded Event Bringing Together Finance and XRP Ecosystem

Why Ripple Swell 2026 Will Be Different As Ripple Swell 2026 moves closer, Ripple shared on July 10 that early bird pricing for the event will soon expire while continuing to promote a broader gathering than it has hosted in previous years. The event will take place from Oct. 27 through Oct. 29 at The Shed in Manhattan. It is designed to connect traditional financial institutions with developers and organizations working across the onchain economy. “Join financial leaders, builders, developers, and the $XRP community in NYC this October to explore the intersection of traditional finance and the onchain economy.” Swell…

Altcoins

Seven Indicted in 40.9 Billion Won Crypto Scam Posing as Volunteer Group

South Korean prosecutors have indicted seven individuals in connection with a cryptocurrency investment scam that allegedly defrauded 436 people of approximately 40.9 billion won (about $29.5 million). The group, which operated under the guise of a volunteer organization called the Brilliance Team, is accused of luring victims into fraudulent virtual asset investments between November 2024 and April 2025. Indictment and Charges The Anyang branch of the Suwon District Prosecutors’ Office on July 24 charged the seven suspects, including a Chinese national in his 50s identified by the surname Kim, who is believed to be the ringleader, along with six South…

Legal

BitForex Founder Opens $100M Bitcoin Long Amid Insider Trading Allegations

Garrett Jin, the founder of cryptocurrency exchange BitForex, has opened a substantial Bitcoin long position valued at approximately $100 million, according to blockchain intelligence firm Arkham. The position was entered at an average price of $76,117 per Bitcoin and is currently facing an unrealized loss of around $16 million. Jin has also paid roughly $1.2 million in funding fees, underscoring the high cost of maintaining such a leveraged trade. Background: Insider Trading Accusations The move comes amid ongoing scrutiny of Jin’s involvement in trading activities linked to BitForex. Last October, the exchange experienced the largest forced liquidation event in its…

Exchanges