Author: NBTC

Kraken’s payment app, Krak, has launched a multi-asset debit card in the US, allowing customers to spend crypto and fiat while earning up to 2% cashback in dollars or Bitcoin (BTC). The card supports more than 600 currencies and assets, with holdings converted into US dollars at point of sale. A single purchase can draw from multiple balances, with users setting the order in which assets are spent, according to an announcement Tuesday. The card is issued by Lead Bank on Visa’s network and powered by Stripe Issuing, with physical and virtual versions available to eligible US customers. The company…

While the leading cryptocurrency Bitcoin continues to move within a narrow range, the Coinbase Bitcoin premium index, which tracks US investor demand for Bitcoin, has been in negative territory for 80 consecutive days. Historical data shows that the previous longest negative period in Coinbase’s Bitcoin premium was between January 16 and February 24 of this year, lasting 40 days. What Does This Mean for Bitcoin? Data indicating the longest negative streak in history suggests weak US-based buying pressure and weak institutional demand for $BTC. The Coinbase Premium Index tracks the difference between the Bitcoin price on Coinbase, based in the…

Credit default swap (CDS) demand is surging throughout the AI industry. Five years of default protection on $10 million of Nvidia debt now costs about $82,000 a year — double since the start of July when it cost roughly $40,000. CDS spreads are deteriorating rapidly across mega-cap AI stocks including Alphabet, Amazon, Meta, Broadcom, and SpaceX, which all hit record spreads this week. Alphabet CDS contracts traded up to 67 basis points days after reporting its first negative quarterly free cash flow since its 2004 listing. https://twitter.com/junkbondinvest/status/2082108447294681255 Investors refer to the “price” of a CDS by its basis point spread…

The crypto market remains volatile, but a handful of altcoins are attracting strong investor interest. This is thanks to ecosystem developments, exchange listings, and growing trading activity. Here’s a look at the five trending cryptocurrencies today and what’s driving the buzz. Pudgy Penguins ($PENGU) – NFT Token Holds Momentum $PENGU is trading at $0.006059, with a $388 million market cap and nearly $56 million in daily trading volume. While the token remains about 91% below its all-time high, it has rebounded more than 62% from its lowest level. The latest rally comes after CEO Luca Netz unveiled a new strategy.…

Why Galaxy Sees a One-in-Ten Chance for the Crypto Bill Odds that the CLARITY Act passes this year have fallen to 10%, according to Galaxy Digital (Nasdaq: GLXY). Alex Thorn, head of firmwide research at the digital-asset firm, stated the revised figure in an Aug. 14 post on X, down from 75% in May. The bill would divide U.S. crypto oversight between two federal regulators. Senators return to Washington on Sept. 14 and face a working period of roughly three weeks before leaving for midterm election activity around Oct. 2. Thorn stated: “The reality is that CLARITY is now much…

On August 18, Kaito AI introduced Kaito Pulse, a browser extension designed for X (formerly Twitter) users to view the actual trading positions of other users directly within the platform. The tool aggregates public trading data from Polymarket and HyperliquidX and displays it alongside posts, allowing users to see the investment convictions behind statements. Alongside Pulse, Kaito launched Aura, a new metric that combines social activity with trading data to assess a user’s influence and conviction. This move aims to increase transparency in crypto social interactions, bridging the gap between online discourse and on-chain behavior. How Kaito Pulse Works Kaito…

While the recent sideways movement in Bitcoin’s price has caught the attention of investors, an important warning has come from the options market. Although volatility in Bitcoin has decreased significantly, the market has not become risk-free, and investors are beginning to price in the possibility of a short-term downward movement. According to the data, although US spot Bitcoin ETFs recorded net inflows of $754 million in the first week of August, the tendency to hedge against short-term downside risk in the options market is prominent. Remarkable Increase in Put Options! At this point, 53.8% of the trading volume in Bitcoin…

Anchorage Digital, a federally chartered crypto bank, has publicly stated that the U.S. Federal Reserve’s recent proposal for a limited-purpose payment account is not a practical alternative to a traditional master account. The bank argues that the proposed framework, while intended to broaden access to the payment system, would place many financial institutions, including crypto firms, in a category subject to heightened review and restricted functionality. The Core of the Disagreement According to a statement reported by The Block, Anchorage Digital supports the Fed’s general goal of expanding access to its payment infrastructure. However, the bank’s primary concern centers on…

Ripple CTO Emeritus David Schwartz has defended $XRP advertising in college sports after critics called for tighter restrictions on crypto promotion. The debate followed the University of Kansas athletics program’s decision to place $XRP branding on team uniforms under a multi-year partnership with Ripple. In a July 15 post on X, Schwartz argued that governments cannot broadly suppress truthful advertising for lawful products simply because officials believe consumers may make poor decisions. His position centers on First Amendment protections for commercial speech. The United States has the First Amendment. If you want to restrict or can speech, you need to…

Earlier this month, as it became clear that the Digital Asset Market Clarity Act would not receive a vote prior to the Senate’s August recess, industry participants suggested that if Congress didn’t act, regulators could. It wouldn’t be exactly the same; regulators’ actions could be challenged in court and will be easier to undo by a subsequent administration than legislation would be, but the argument is that entrenched regulations would be difficult to undo. Breaking it down That argument above presupposes that the SEC and CFTC are actually able to finalize proposed rules in time for them to kick around…