Author: NBTC

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…

NoOnes, a peer-to-peer cryptocurrency trading platform, has announced it is gradually shutting down operations after sanctions-related efforts to resolve its situation failed. The platform, which was added to the European Union’s sanctions list related to Russia, said the measures cost it key partners and forced blockchain monitoring firms to classify NoOnes-related transactions as high risk, making normal operations increasingly difficult. Timeline of the shutdown The business drawdown began on Aug. 17, with the P2P marketplace scheduled to fully shut down at 11:59 p.m. UTC on Aug. 21. Services including swaps, fiat withdrawals, gift card sales, and the Bitcoin Lightning Network…

US President Donald Trump, known for his support of the cryptocurrency market, made noteworthy statements about the cryptocurrency market and Bitcoin. Trump stated that the US must maintain its leadership in the cryptocurrency sector and should not be allowed to dominate it. In an interview with Punchbowl News, a US media outlet, Trump touched upon the technology competition between the US and China, emphasizing that the cryptocurrency market is one of the key areas of this race. In his statement, Trump said, “We don’t want China to take over crypto. I don’t want China to win in artificial intelligence either.…

Stablecoin Issuers Lose $7.7 Billion in June as Transaction Volume Jumps 63% Stablecoin supply is shrinking for the first time in years, but the decline may say less about demand than it appears. The market’s total capitalization has fallen about 4.3% from its May peak of $322.41 billion to $308.5 billion. June alone brought a $7.7 billion drop, the largest monthly decline since the collapse of Terra in May 2022. Source: Defillama At the same time, adjusted stablecoin transaction volume reached a record $1.83 trillion in June. That was 60% higher than in May and more than double the level…

Crypto analyst CryptoKaleo recently expressed optimism about $SUI’s position as a leading Layer 1 blockchain. In a tweet, he highlighted the active engagement of $SUI’s founders with the community, emphasizing the importance of this connection in shaping the project’s future. You can view his insights directly on X. Inside the Move The broader crypto market is currently exhibiting mixed signals, but $SUI stands out due to its strong community engagement efforts. According to CryptoKaleo, the active presence of $SUI’s founders on platforms like X helps foster a deeper connection with users. This interaction is vital as it keeps investors informed…

Crypto payment card spending has jumped 2.5 times from a year earlier to reach $759 million in July, supported by nearly 9 million purchases settled mainly through dollar-backed stablecoins. A16z crypto reported the figures using data from Paymentscan, which tracks payment activity linked to crypto card programs across several blockchains. Crypto card spending reached $759 million in July | Source: a16z crypto/Paymentscan The monthly total has climbed from less than $1 million in October 2023, when Paymentscan began tracking the market, to more than three-quarters of a billion dollars. Card purchase counts have risen alongside spending, reaching nearly 9 million…

$BNB presales attract record capital as MemeToro uses an audit, fair-launch tools, and AI infrastructure to address common memecoin risks. MemeToro has released new details explaining how the $MT utility token is designed to connect the products within its AI-powered blockchain ecosystem. Rather than serving a single function, the company said $MT will provide access across multiple platform services, including AI-powered applications, market analytics, decentralized prediction markets, staking, and future governance initiatives. According to MemeToro, the framework is intended to support a connected user experience where each product contributes to activity across the broader ecosystem instead of operating independently. The…

Blockchain analytics company Glassnode stated that investor sentiment in the Bitcoin (BTC) options market has recently shifted to a more positive outlook, but demand for hedging against long-term downside risks remains high. According to Glassnode’s analysis, indicators reflecting short-term fear in Bitcoin options have seen a significant easing. The one-week 25-delta skew indicator has fallen to approximately 7 percent, suggesting a substantial decrease in the recent panic in the market. In contrast, the skew ratio remains around 10 to 12 percent in longer-term timeframes. Glassnode stated that this indicates investors are maintaining hedging positions against medium- to long-term downward movements,…

The fact that three members opposed the Fed’s decision to keep interest rates unchanged strengthened expectations that a more independent and divergent policy period may begin within the Federal Open Market Committee (FOMC). Market experts noted that despite a limited decline in bond yields and a weakening of the dollar following the decision, the possibility of an interest rate hike in September has not been eliminated. Nationwide Investment Management Group Chief Market Strategist Mark Hackett said that the three dissenting votes could signal a new trend within the Fed. Hackett stated that committee members are acting more independently than in…