Author: NBTC
Nado, a perpetual derivatives decentralized exchange (DEX) on Ink, Kraken’s Ethereum Layer 2 network, airdropped its official non-fungible token ($NFT) collection to early users yesterday. Dubbed Templars of the Storm, the collection was airdropped to the platform’s top pre-alpha phase users who chose to forgo a distribution of Ink points to receive the $NFT instead. The floor price of the collection is currently 0.45 $ETH ($1,200). Templars of the Storm Floor Price The collection has generated 141 $ETH ($385,000) in trading volume since its launch, making it the second most traded $NFT collection over the last 24 hours, trailing only…
The race to replace Jerome Powell as Chairman of the Federal Reserve has taken a sharp turn toward Wall Street’s most powerful asset manager. Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, has seen his odds of securing the nomination surge in recent days. According to data from prediction market Polymarket, Rieder’s odds of being nominated have jumped from single digits earlier this month to 32% as of Thursday. He is now the second-leading contender, closing the gap with former Fed Governor Kevin Warsh, who leads the pack at roughly 44%. The sudden repricing follows reports from Bloomberg…
A combination of on-chain and market activity is supporting bullish sentiment for Shiba Inu despite the ongoing consolidation. Yesterday, millions of Shiba Inu disappeared from exchanges, hinting at renewed accumulation despite price uncertainties. Additionally, key network metrics are turning green, further amplifying the momentum in the meme coin’s ecosystem. Key Points Yesterday, millions of Shiba Inu disappeared from exchanges, hinting at renewed accumulation despite price uncertainties. The 82,066,732,850,077 $SHIB in reserve on January 25 has dropped to 82,066,703,680,231 $SHIB today, culminating in the 29 million $SHIB difference. Total exchange outflow also stood at 256 billion $SHIB, while inflow was 183.5…
Fidelity Investments is launching its first stablecoin, the Fidelity Digital Dollar (FIDD), in early February, marking a major move by one of the largest traditional financial institutions into onchain finance. FIDD will be issued by Fidelity Digital Assets, a federally chartered national bank and subsidiary of Fidelity. The Ethereum-based stablecoin will be redeemable for $1 on Fidelity’s crypto trading platforms — Fidelity Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers — and will also be made available on major crypto exchanges, according to a press release. The company says it designed the product to meet growing client demand…
South Korea’s Kospi index crossed the 5,000 mark for the first time on Jan. 22, defying global market turbulence caused by U.S. President Donald Trump’s Greenland takeover ambitions. Blue-Chip Surge South Korea’s benchmark Kospi index crossed the 5,000 mark for the first time on Jan. 22, a historic milestone that fueled excitement across the country. According to a local report, the Kospi index ultimately closed at 4,952.53 after hitting an intraday high of 5,019.54. Compared to a year ago, when it ended at 2,547, the index has surged nearly 94 per cent. The rally came even as global markets were…
Binance’s $14 Billion Stress Test: A New Benchmark for Financial Resilience At the Davos 2026 Conference in Switzerland, Binance co-founder and former CEO Changpeng Zhao (CZ) drew a sharp contrast with traditional banking, revealing that Binance processed $14 billion in withdrawals in one week, seamlessly and without liquidity strain, including $7 billion in a single day. CZ raised a stark challenge: could a traditional bank withstand a $7 billion withdrawal in 24 hours? For most legacy institutions, the answer is a clear no, highlighting the fragility of conventional banking under extreme stress. Well, traditional banks run on fractional reserves, holding…
Tokenization may become the new rails for global finance, stated Georg Harer, Co-CEO of Bybit EU. During a panel discussion, Harer commented on the potential of tokenization from concept to commercial application. Bybit EU is looking into tokenization as one of the rails for global finance. Georg Harer, Co-CEO of Bybit EU, joined an expert panel discussion on the topic of ‘Tokenisation as the Backbone of Next-Generation Financial Infrastructure.’ The roundtable format discussed tokenization from concept to viable commercial use. The panel brought together policymakers, regulators, and industry leaders to explore how tokenization can serve as a foundational layer for…
Elon Musk said Thursday that artificial intelligence could surpass human intelligence as soon as this year, arguing that progress toward artificial general intelligence is accelerating faster than humanity is prepared for. The comments by the Tesla, SpaceX, and xAI CEO came during a wide-ranging conversation with BlackRock CEO Larry Fink at the World Economic Forum in Davos on Thursday. “I think we might have AI that is smarter than any human by the end of this year,” Musk said. “No later than next year.” He added that by around 2030 or 2031, AI could become “smarter than all of humanity…
Ethereum co-founder Vitalik Buterin, in a recent interview in China, stated that Decentralized Social (DeSoc) solutions top the list of applications he most wants developers to build, followed by “smarter” DAOs. Buterin noted that he observed a departure from these goals at the implementation level; a significant portion of the energy and capital in the sector was shifting towards products that did not generate “social value.” In the interview, Buterin summarized his current motivations under three “urgent” headings: preventing cryptocurrencies from spiraling into a “doomsday scenario” and becoming 100% speculative, advancing Ethereum technology further, and preventing the future from succumbing…
After a period of rapid expansion, the global stablecoin market has largely stalled, signaling a consolidation phase as new regulation, liquidity constraints and higher real-world yields weigh on new issuance, according to Jimmy Xue, co-founder of quantitative yield protocol Axis. In a note shared with Cointelegraph, Xue said that while stablecoin regulation has advanced, tighter frameworks in the United States and Europe have forced institutional issuers to hold higher-quality reserves and absorb rising compliance costs, slowing the pace of net issuance. At the same time, elevated real yields on US Treasurys have increased the opportunity cost of holding stablecoins that…