Author: NBTC

RealFi has launched its public testnet, opening access to the first live version of its yield-bearing stablecoin infrastructure ahead of a planned mainnet release later this year. According to a press release shared with crypto.news, the public testnet gives users, developers and institutional participants a live environment to test the infrastructure supporting USDr, the protocol’s dollar-pegged stablecoin, and sUSDr, the yield-bearing token users receive after staking USDr. The company said the rollout is intended to test wallet integrations, staking flows, yield distribution and other protocol functions under live market conditions before the network goes fully live. RealFi added that feedback…

Open Standard’s Open USD is trying to make the stablecoin yield fight about distribution before the token is live. The company announced Open USD on June 30 as a stablecoin for global money movement. Its headline feature is a reserve-sharing model: businesses can mint and redeem at no cost, without artificial volume caps, while partners receive reserve earnings minus a small management fee. Open Standard also says Open USD will be operated by an independent company with partner-led governance. Founding CEO Zach Abrams framed the product as a stablecoin built by and for the businesses that will use it. Open…

Yield-bearing stablecoin supply fell by more than $3.5 billion in the second quarter of 2026, reversing nearly three years of quarterly growth as crypto-native products contracted and Treasury-backed tokens expanded. Crypto exchange CEX.IO reported Thursday that the category declined by 15% during Q2. Ethena’s sUSDe lost 52% of its supply, shedding nearly $2 billion, while Sky’s sUSDS declined by 16%. Treasury-backed products moved in the opposite direction. BlackRock’s BUIDL grew by 2%, Circle’s USYC increased by nearly 16% and Ondo Finance’s USDY rose by over 66%, highlighting a widening divide between crypto-native yield assets and products backed by traditional assets.…

New York Stock Exchange-listed Bitcoin miner Hyperscale Data (ticker: GPUS) has expanded its digital asset holdings, announcing the purchase of an additional 115.92 Bitcoin on the open market. The acquisition, executed through its subsidiary Alt Capital Group (ACG), took place between June 30 and July 6, according to a company statement. Growing Bitcoin Treasury Strategy With this latest purchase, the combined Bitcoin holdings of ACG and another Hyperscale Data subsidiary, Sentinum, now total 899.6503 $BTC. Based on Bitcoin’s price on July 5, the company values this treasury position at approximately $57.2 million. The move signals a continued accumulation strategy by…

Ethereum’s co-founder, Joseph Lubin, has argued that Ethereum’s future value will come from global adoption and $ETH demand, not from charging high transaction fees on the base layer. The discussion began after ARK analyst Lorenzo Valente highlighted how revenue is distributed across Ethereum’s Layer-2 ecosystem using Robinhood’s recently launched blockchain as an example. Robinhood Keeps Most of the Revenue According to Valente, Robinhood’s Layer-2 chain has generated roughly $816,000 in revenue since launch. Under the current structure: Robinhood retains about 89% of revenue. Arbitrum, which provides the Layer-2 infrastructure, receives around 10%. Ethereum earns only about $1,538, or roughly 0.15%,…

The tokenized stocks market finally got its newest entrant, and Robinhood wasted no time calling it the beginning of a new financial era. There’s just one problem and that is the race started long ago. Now Robinhood entered a market worth roughly $1.24 billion onchain where three players already control more than 90% of market activity. Day 1 market share of Robinhood is zero. That’s not exactly the launch position companies dream about. The Leaders Already Own The Track Ondo Global Markets sits firmly in the front of the field with roughly half the market. The platform became the first…

In a significant on-chain event, the Tether Treasury has burned 2.5 billion $USDT tokens, according to a report from blockchain tracking service Whale Alert. The transaction, which occurred earlier today, represents one of the largest single token burns in the stablecoin’s history, reducing the circulating supply of the world’s largest stablecoin by a substantial margin. Understanding the $USDT Burn Mechanism Token burns are a standard operational tool for stablecoin issuers like Tether. When $USDT is redeemed for fiat currency, Tether removes those tokens from circulation by sending them to a burn address—a wallet from which they can never be retrieved.…

“Today’s milestone shows we can tokenize securities in ways that meet both market and regulatory requirements, for U.S. and global investors and provides a strong foundation for our expanding access to onchain investments for more U.S. investors,” he added. Tokenization, or the process of representing traditional assets as blockchain-based tokens, has emerged as one of the fastest-growing areas blurring digital assets and traditional finance. Supporters say it can modernize capital markets through faster settlement, around-the-clock trading and easier movement of assets across financial platforms. A report by Citi projected that tokenized securities could reach $5.5 trillion market size by 2030.…

A Four-Year Round Trip Into Deep Red The wallet, tagged 0xFe99, received 9,389 $ETH worth $40.47 million about four years ago, when ether changed hands at $4,311 (near the asset’s late-2021 record run). It has not sold since. With ether recently at $1,777, the stash is now worth just $16.69 million. “This whale held $ETH for 4 years, suffering a loss of 23.8M (-59%)” Lookonchain wrote, suggesting the holder may finally be capitulating after riding the position through an entire market cycle. Onchain data showing whale 0xFe99’s recent $ETH offload, per Arkham. Investors who bought at the 2021 peak have…

The crypto industry has poured $189 million into US midterm elections, but that loud political money is overshadowed by a much quieter structural shift now visible on-chain. Visa and BlackRock are backing the OUSD stablecoin, New York Life’s asset management arm has started a tokenized bond fund, and Strategy—the company formerly called MicroStrategy—is rolling out a Bitcoin monetization program designed to turn a corporate treasury into a liquid yield engine. These developments, flagged in a recent weekly report, show that institutions are moving past proof-of-concept and beginning to rewire their balance sheets. The tokenization push is not isolated. As the…