Author: NBTC
The government of the UAE completed the first transaction using digital dirhams, its CBDC, to make a cross-border payment to China. The development, which leveraged the Mbridge platform, opens new horizons for cooperation, said the UAE Vice President Sheikh Mansour. UAE Enters The Digital CBDC Age: Completes Landmark Transaction Using Digital Dirham The Facts The United Arab Emirates (UAE) has executed one of its first payments using the country’s central bank digital currency (CBDC), the digital dirham. According to local media, the payment was expedited by Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister, and Chairman of the Presidential…
Shocking news has emerged from the cryptocurrency world as the Trump family crypto holdings have suffered a devastating blow. Recent reports reveal that approximately $1 billion has evaporated from their digital asset portfolio since early September. This massive loss highlights the extreme volatility that even wealthy investors face in the crypto markets. How Did Trump Family Crypto Holdings Lose $1 Billion? The Bloomberg Billionaires Index tracks the dramatic decline in Trump family crypto holdings from $7.7 billion to their current level of $6.7 billion. The losses stem from multiple sources within their cryptocurrency portfolio. The family’s diverse exposure to digital…
The United States has added $2.1 trillion in new debt since the Department of Government Efficiency (DOGE) was formed on January 20, according to analysis circulating in the latest Kobessi Letter. The figure translates into a staggering $6.5 billion of debt every single day for 326 consecutive days. The Kobeissi Letter reported the big debt increase and said DOGE was shut down in a controversial move DOGE cut only small parts of the budget The Department of Government Efficiency promised to cut spending and save the United States between $1 trillion and $2 trillion when it first came to the…
Monthly NFT sales plummeted to $320 million in November, down 49% from October’s $629 million. Total market capitalization collapsed 66% from $9.2 billion in January to just $3.1 billion currently. The non-fungible token industry keeps going lower and lower and recorded its worst performance in 2025 as the trading volumes declined across major collections. According to CryptoSlam analytics, monthly sales in November dropped to only $320 million, which is a dramatic 49% decrease from the October figure of $629 million. The cumulative market value of the sector has come down to $3.1 billion, which is a very large 66% fall…
BlackRock, one of the world’s largest asset managers, held its first board meeting in Abu Dhabi. This shows that the financial behemoth is increasingly focused on the UAE and the broader Middle East, according to Ripple’s Reece Merrick. The executive has implied that BlackRock’s increased focus in Abu Dhabi could create more avenues for Ripple’s business. High-level engagement The meeting included UAE royalty and BlackRock CEO Larry Fink. It focused on such areas as artificial intelligence (AI), advanced technologies, and reshaping global investments. Abu Dhabi is clearly positioning itself as a global hub for innovation and finance, which aligns with…
A cluster of major US inflation and jobs reports due this week could spike volatility in stocks and crypto, with Fed policy expectations in focus as liquidity drops. Summary US Producer Price Index, jobless claims, and PCE inflation data will be released this week ahead of Thanksgiving. Crypto and traditional markets may experience heightened volatility due to thin liquidity and macroeconomic uncertainty. Analysts say inflation trends and labor strength will influence expectations around future Federal Reserve actions. A series of U.S. economic data releases scheduled for this week could affect sentiment across traditional and cryptocurrency markets, according to market analysts.…
In this post: dYdX reviewed the BONK integration, proposing a branded frontend to capture 50% of the protocol fees. The decentralized finance (DeFi) exchange advanced three partnership proposals, including CCXT, Foxify, and CoinRoutes, enhancing ecosystem involvement. dYdX adjusted fee distribution, increasing stakers’ and buybacks’ shares to strengthen incentives. On December 8, dYdX governance announced that it is reviewing a proposal to formally integrate BONK as a partner through its Partner Revenue Share Program. dYdX stated that the strategy introduces a BONK-branded frontend that funnels transactions to the dYdX Chain, allowing it to receive 50% of protocol fees from its attributed…
Large asset managers have quietly trimmed massive positions in Strategy (previously MicroStrategy) this year. According to new disclosures, institutions cut around $5.4 billion in MSTR exposure in Q3. This happened even as Bitcoin traded near the $95,000 level. Names like Vanguard, BlackRock and Fidelity reportedly reduced their stakes. That selling helps explain recent pressure on Strategy’s share price. 🚨BREAKING: BIG MONEY CUTS MSTR EXPOSURE!Institutions cut $5.4 BILLION in #Strategy stock’s $MSTR in Q3 even as Bitcoin held around $95K.Vanguard, BlackRock, Fidelity and more offloaded. pic.twitter.com/sm6Jx78h4z — Coin Bureau (@coinbureau) November 24, 2025 However, it does not necessarily mean they have…
All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. When was the last time you bridged funds to Layer 3? There’s a good chance the answer is “Never” or “I don’t recall.” Not because Layer 3 networks aren’t being used – in fact quite the opposite – but because you don’t have to go there to utilize them. Just as you don’t need to trek to the Himalayas to sample Himalayan salt, there’s no need to bridge to L3 to take advantage of the use cases it supports. Instead, Layer 3 networks bring the…
The European Central Bank (ECB) on Monday released a report warning that stablecoins posed a global financial stability risk because they could draw valuable retail deposits away from eurozone banks. “Significant growth in stablecoins could cause retail deposit outflows, diminishing an important source of funding for banks and leaving them with more volatile funding overall,” the ECB said. Stablecoins’ combined market capitalization has grown to more than $280 billion, driven by increased investor interest and global regulatory progress, and now accounts for about 8% of the total cryptocurrency market. The largest participants, Tether, the company behind USDT, and Circle Internet…