Author: NBTC

Tokenized deposits are digital representations of money and other assets already held at a bank, rather than separate stablecoins issued by a crypto company. A shared system could enable Canadian banks to test 24/7 programmable payments while keeping customer funds within the regulated banking system. Canada’s move comes as banks worldwide race to put deposits on blockchain infrastructure. In the U.S., regional lenders are building a shared tokenized-deposit network, while JPMorgan, Citi and Wells Fargo have pursued their own institutional offerings. Swift also recently began testing tokenized deposits for 24/7 cross-border payments with banks across six continents. The initiative adds…

$NEAR Protocol ($NEAR) is the second-best-performing cryptocurrency among the top 30 by market cap in the last 24 hours. The token is up 7.59% to trade at $2.51 following the attainment of the “[email protected]” Milestone. Why is $NEAR’s price up today? $NEAR Protocol rewards ecosystem growth by airdropping $NEAR tokens to eligible users whenever its total value locked (TVL) attains a pre-set landmark. This time, however, the airdrop exclusively focused on the network’s privacy-focused cross-chain pipeline known as the Confidential Intents. Dubbed the “[email protected]” Milestone Incentive Program, the scheme was designed to automatically distribute 333,333 locked and non-transferable…

The Federal Reserve has proposed new rules for payment stablecoin issuers under its supervision, advancing implementation of the $GENIUS Act’s regulatory framework. The first proposal would require stablecoins issued by Board supervised firms to be fully backed by permitted reserve assets, including short term Treasury bills and other high quality liquid assets. It would also establish standardized capital requirements covering credit and operational risks associated with stablecoin activities, alongside broader risk management standards. The Fed is separately proposing requirements for firms that safeguard stablecoin reserve assets and would clarify which stablecoin related activities are permitted for banks under its supervision.…

Major crypto exchange Coinbase appeared to record a massive surge in its $XRP holdings, according to X account $XRP Rich List Bot, which posted an hourly update showing Coinbase’s $XRP balance rising 4,870.7% to 5,569,165,957 $XRP. The surge coincided with no announcement of new buys or of Coinbase receiving the massive stash of $XRP, causing popular XRPL explorer XRPScan to set the record straight. The clarification remains necessary given that the $XRP Rich List Bot is an automated monitoring bot for $XRP-rich wallet balances, which reports hourly tracking of significant wallet changes, making it crucial for XRPScan to add the…

Bitcoin miner Riot Platforms this week repaid a $200 million credit facility from Coinbase Credit, releasing its collateral. The facility had been secured by a pledge of Riot’s financial assets, including Bitcoin, USDC and cash, which was held in the custody of Coinbase Custody Trust Company. Riot finished paying the remaining principal and interest on Monday, according to a Friday filing with the US Securities and Exchange Commission. No early termination fees or penalties were incurred by Riot in connection with the prepayment or termination. The miner has also continued to expand its>reported in August, when Riot Platforms secured a…

Pyth Network has announced that corporate actions data for all US equities is now available, broadening its data offerings for financial applications. This includes crucial information such as splits, dividends, and ticker changes. The new data capability is significant as it allows developers and traders to better track market movements and corporate actions that impact their financial strategies. For more details, visit the official announcement. The Story So Far The announcement from Pyth Network comes at a time when the broader crypto market is exhibiting mixed signals, with various assets experiencing fluctuating momentum. This development is particularly noteworthy as it…

Bitcoin price extended its pullback toward $77,000 as rising oil prices, stubborn US inflation and higher Treasury yields reduced demand for risk assets. Technical charts now place $BTC near a major weekly support level, while short-term momentum remains bearish. Bitcoin price action today According to data from crypto.news, Bitcoin ($BTC) price traded near $76,800 at the time of writing, down from a 4-hour opening price of $77,230. The token reached $77,500 before sellers pushed it to a session low of $76,800. The latest move extended a decline from the Sept. 4 local high near $82,280. Bitcoin has since formed a…

Grayscale changed MNRS into GCPU and renamed the fund the Grayscale AI Compute ETF on September 22. The ETF now tracks the Indxx High Performance Computing Index and charges a 0.59% expense ratio. Despite the new mandate, major holdings such as IREN, Hut 8 and Applied Digital keep the portfolio closely connected to companies that operate across Bitcoin mining and AI-oriented computing infrastructure. Grayscale Bitcoin Miners ETF has been repositioned as an AI infrastructure vehicle, with the former MNRS fund becoming the Grayscale AI Compute ETF under the new GCPU ticker on September 22. The change shifts its stated focus…

Solana is preparing to reduce its mainnet slot time from 300ms to 250ms, with activation expected around September 18 at epoch 1037. The upgrade is part of SIMD-0525, a staged plan that targets 200ms slots and lower transaction latency. Faster slots could improve confirmation speed and trading efficiency while keeping Solana positioned for demanding DeFi and on-chain applications. Solana is entering another stage of its performance roadmap as the network prepares for a 250ms slot time. The upgrade is expected to become effective around 05:01 UTC on September 18, bringing the blockchain closer to its longer-term 200ms target. Anza, the…

The Senate stopped short of debating a federal crypto market structure bill. A week later, the CFTC chair was still laying out plans for tokenized collateral and round-the-clock markets. The agencies can act under existing law, but their records show how far each action actually reaches. The Commodity Futures Trading Commission wants markets ready for tokenized collateral and 24-hour trading. Its chair, Michael Selig, said as much at a Treasury market conference on Sept. 22, one week after the Senate blocked debate on the CLARITY Act. He described work on stablecoins as derivatives collateral and said some products, including crypto,…