Author: NBTC
US President Donald Trump’s pardon of Binance founder Changpeng Zhao (CZ) is considered a remarkable development for both the crypto industry and the political balance of power in Washington. Zhao, who was serving a prison sentence just a year ago for providing access to money launderers, has now been released following a pardon from the White House. The pardon is attributed to the Trump administration’s friendly approach to the crypto industry and the power of its influential lobbying networks in Washington. The incident has led to comments that “anything is possible in Trump’s Washington for those with the right connections.”…
XRP is accelerating into mainstream finance as institutional demand climbs, regulatory clarity fuels adoption, CME expands crypto derivatives, and major corporations integrate XRP into operations, reinforcing its position as a leading institutional-grade asset. XRP Trading Expands on CME as Regulatory Clarity Boosts Institutional Demand Institutional enthusiasm for XRP and other digital asset derivatives continues to accelerate as traditional finance expands its presence in regulated crypto markets. On Oct. 27, CME Group (Nasdaq: CME) reported increased trading activity in XRP and solana ( SOL) futures, highlighting steady growth in cryptocurrency-linked derivatives. The trend reflects rising institutional confidence in regulated exchanges as…
Smaller Bitcoin miners are now gaining ground on their bigger competitors in the industry as post-halving competition returns. The Bitcoin mining industry has now become increasingly competitive as these middle-tier operators are now ramping up their realized hashrate in a bid to catch up with established companies in the field. According to reports, realized hashrate is a sign of a level playing field, a metric that has been used since the 2024 halving. In a report by The Miner Mag, companies like Cipher Mining, HIVE Digital, and Bitdeer have expanded their realized hashrate after several years of improving their infrastructure,…
South Korean BDACS’ official stablecoin, KRW1, will be issued on Circle’s blockchain Arc. This marks the second integration for the stablecoin after its initial launch on Avalanche. Summary South Korean firm BDACS has partnered with Circle to launch its Korean won-backed stablecoin, KRW1, on Circle’s new Arc blockchain, aiming to expand South Korea’s reach into the global stablecoin market. Fully backed by the Korean won and verified through Woori Bank, KRW1 represents South Korea’s growing push toward regulated digital assets as the government prepares new stablecoin legislations. According to a recent report by Yonhap News, South Korean digital asset company…
As Coinbase leans into its Bitcoin-backed lending product, the exchange is offering customers competitive rates by connecting them with lightly vetted pools of capital, which don’t require people to provide personal information before funds are disbursed to Americans. Although the exchange’s competitors have attained state-by-state licenses to provide similar services, Coinbase’s product isn’t subject to the same potential barriers because the company is acting as a technology provider—and not lending customers’ assets itself. Instead of doing business with Coinbase, the exchange’s customers, through Coinbase’s mobile app, are depositing funds into decentralized finance protocol Morpho. On Morpho’s platform, they can post…
Ripio launches wARS, a stablecoin pegged 1:1 to the Argentine peso on Ethereum and other major blockchain networks. A political investigation into the LIBRA meme coin promoted by President Milei advances to Argentina’s Supreme Court. The Argentine cryptocurrency platform Ripio confirmed the introduction of stablecoins backed one-to-one by major Latin American fiat currencies. Its initial offering centers on the Argentine peso. This digital asset, named wARS, maintains a fixed value equivalent to one Argentine peso. The token currently operates on the Ethereum, World Chain, and Base networks. The company also previewed additional Latin American stablecoins scheduled for future release. A…
Regulator Mike Selig has been nominated to serve as the next chairman of the U.S. Commodity Futures Trading Commission. In his social media post, Selig stated that he would help to make the US “the crypto capital of the world,” echoing the pro-cryptocurrency talking points of some other US government officials. “Chairman Selig is going to do a great job at the CFTC. I have full confidence in his ability and leadership,” he said. Pro-XRP stance Notably, Selig is a vocal supporter of XRP. He repeatedly showed support for the popular altcoin while Ripple was in the middle of a…
The cryptocurrency market often presents intriguing paradoxes, and one particularly striking example is currently unfolding in South Korea. Despite an unprecedented surge in new digital asset listings on major exchanges, the overall South Korean crypto trading volume has experienced a dramatic and concerning plummet. This situation leaves many investors and market watchers asking: what’s truly driving this stark contrast? Why the Surge in New Listings on South Korean Exchanges? This year, South Korea’s top five cryptocurrency exchanges – Upbit, Bithumb, Coinone, Korbit, and Gopax – have been exceptionally active in bringing new digital assets to market. In fact, they’ve listed…
DeCard, the next-generation card brand born from the experience of DCS (formerly Diners Club Singapore), has announced a strategic partnership with Polygon Labs, a leading company in the development of Web3 solutions. Thanks to this collaboration, the Polygon network is integrated into DeCard services, allowing customers to directly deposit USDT and USDC on Polygon into their DeCard and DeCard Luminaries accounts. This integration represents a fundamental step towards the widespread use of stablecoins in daily life, now allowing stablecoin holders on Polygon to spend instantly at over 150 million merchants worldwide. The potential of stablecoins according to DeCard and Polygon…
Terminal Finance, a decentralized exchange (DEX) incubated by Ethena Labs, has gathered more than $280 million in total value locked (TVL) ahead of its upcoming launch at the tail end of this year, according to DefiLlama. The pre-deposit phase spanned three capped vaults holding 225 million USDe, 10,000 ether ETH$4,130.70, and 100 bitcoin BTC$115,336.71. Data from DeFiLlama shows the vaults have reached full capacity. Terminal is positioning itself as the main DEX for the Ethena ecosystem, which centers on USDe, Ethena’s synthetic dollar, and sUSDe, its yield-bearing version. The platform will also support trading against USDtb, a token backed by…