Author: NBTC

The world’s largest cryptocurrency exchange, Binance, has announced a major revision of its Portfolio Margin platform parameters. The key change is a twofold increase in the maximum leverage available for $XRP and Ripple’s U.S. dollar stablecoin, Ripple USD ($RLUSD), from 5x to 10x. The new limits will take effect this Friday, Aug. 21, at 6:00 a.m. UTC, while the technical work required to update the system is expected to take approximately 30 minutes. Update on the leverage for selected assets under portfolio margin, Source: Binance The increase to 10x officially puts $XRP and Ripple USD on an equal footing with…

The Federal Reserve kept its policy interest rate unchanged at 3.50–3.75 percent at its July monetary policy meeting. The decision was made with a 9-3 vote, with three Fed officials voting for an interest rate increase, indicating a strengthening demand for tighter monetary policy within the bank. Beth Hammack, Neel Kashkari, and Lorie Logan, who opposed the Federal Open Market Committee’s (FOMC) decision, opted for a 25 basis point increase in the policy rate. While there were no significant changes to the policy statement compared to the June text, the fact that the three members called for an interest rate…

$NEAR Governance Vote To Scrap Gas Rebates Puts Developer Incentives Under Review is a useful reminder that crypto coverage is not only about token prices. Sometimes the more important story is the infrastructure, regulation, security, or product layer sitting underneath the market noise. The immediate point is straightforward: nEAR governance voted to scrap developer gas rebates. That gives readers something concrete to work with, rather than another vague sentiment update. TL;DR $NEAR governance voted to scrap developer gas rebates. The change affects developers who relied on protocol gas distributions. It raises a broader question about how chains should reward app…

The agency cancelled its August 14 Regulation Crypto meeting one day before commissioners were set to vote, citing an “unforeseen scheduling issue” that no one inside or outside the building predicted. With Congress already on recess and the CLARITY Act frozen until September, the double stall leaves every token project in America waiting for rules that neither branch of government can deliver right now. The SEC was supposed to vote on the most ambitious crypto rulemaking in the agency’s 90 year history on a Friday morning in August, and then it did not. The cancellation notice landed on the SEC…

NFTs, or non-fungible tokens, are unique digital assets that exist on a blockchain. Unlike a typical crypto token, where each unit is interchangeable with another, NFTs can represent ownership of a specific digital item, whether that is artwork, a collectable, or an in-game asset. Gaming has become one of the more natural use cases for the technology, with NFTs being used to represent characters, weapons, skins, land and other items that players can collect or trade. This gives digital items a sense of ownership that traditional games generally do not offer, where assets typically remain tied to a player’s account…

Hyperliquid Policy Center and trade[XYZ] have filed a joint comment letter with the US Securities and Exchange Commission proposing pre IPO perpetual markets as a tool to improve price discovery before public listings. The letter responds to the SEC’s request for ideas to modernize the IPO process and argues that pre IPO perpetuals, or IPOPs, could give investors and issuers a continuous public market signal before shares begin trading. Unlike private secondary markets, IPOPs do not provide ownership, voting rights, allocations, or claims against the underlying company. Instead, they give traders price exposure to an anticipated listing before the stock…

Canaan’s July mining update counted 4.96 exahashes per second from paused operations in Ethiopia inside 14.24 EH/s of global operating computing power. That means nearly 35% of the reported total came from a country where Canaan did not confirm how much capacity was hashing at month-end. Subtracting the Ethiopia row from the rounded global figure leaves 9.28 EH/s, but that is an exclusion calculation because Canaan’s July operating update defines operating computing power more broadly than a live meter. Canaan’s definition notes that operating computing power is the theoretical output of energized mining machines, assuming all were operating. The metric…

A wallet linked to the Kingdom of Bhutan has moved approximately 434.86 Bitcoin, valued at around $27.96 million, to the cryptocurrency exchange Binance. The transactions occurred over a five-hour period, marking the first activity from this address in over a month. On-Chain Data Points to Government-Linked Wallet Blockchain analytics platform Arkham identified the Binance deposit address as likely owned by Bhutan’s royal government. The address has previously transacted with other wallets associated with the Bhutanese government, according to Arkham’s labeling system. This is not the first time Bhutan has been linked to significant Bitcoin movements; the country has been known…

The Fed, as expected, kept its policy interest rate unchanged at 3.50-3.75 percent. Thus, the Fed did not change interest rates for the fifth consecutive meeting. The Federal Open Market Committee (FOMC) decision was made with a 9-3 vote. Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan voted in favor of raising the policy rate by 25 basis points. The fact that three regional Fed presidents voted against a rate hike at the same meeting was the first time this had happened since 2016. The decision signaled that members within the Fed…

For five consecutive days, a launchpad that did not exist a month ago collected more protocol fees than Pump.fun. On its best day, NOXA took in $2.33 million while the Solana incumbent, the platform that has minted eleven million tokens and defined an entire market cycle, managed $575,500. NOXA had launched more than 60,000 tokens, captured roughly 75% of all deployments on Robinhood Chain, and pulled 267,642 unique wallets onto a network that went live on July 1. Its flagship asset, a cat themed memecoin named $CASHCAT, had run to a market capitalization of $226 million.Then the website went down.…