Author: NBTC

8 Developments Reflect $RLUSD’s Expanding Role Across Markets and Infrastructure Interest in Ripple USD ($RLUSD) continues to build as the stablecoin adds new connections across payments, financial systems, and blockchain networks. In a June 29 post on X, Ripple’s SVP of Stablecoins, Jack McDonald, pointed to eight recent developments spanning settlement, regional access, on-chain liquidity, cross-border payments, multichain support, exchange listings, philanthropy, and Japan. One of the most notable steps forward involved Mastercard, which broadened its settlement framework to incorporate $RLUSD across eight blockchain networks, including the $XRP Ledger. The development added $RLUSD to Mastercard’s stablecoin settlement capabilities and placed…

Binance Says User Assets Remain Safe as EU Crypto Rules Advance European users affected by the Markets in Crypto-Assets (MiCA) rules received fresh assurances from crypto exchange Binance on July 1, as the company said customer assets remain safe and held on a 1:1 basis. The statement addressed users facing account-related changes tied to MiCA’s implementation across the European Union. Binance issued the update after discontinuing crypto services in affected EU markets as MiCA rules took effect on July 1. The exchange is pursuing a new licensing route after withdrawing its MiCA application in Greece and is notifying affected users…

JD Vance’s Bitcoin Bet Grows Five-Fold Since His First Senate Disclosure The filing, an OGE Form 278e, listed “ bitcoin” under Part 6, Other Assets and Income. Vance holds the position through a Coinbase account. The form shows no reported income from the holding or income under $200. OGE rules require filers to report values in broad brackets rather than exact dollar amounts. Vance’s disclosure does not state how much bitcoin he owns, when he bought it, or its current market value. A Growing Position Vance’s bitcoin position, however, has grown since he first disclosed it. As a Senate candidate…

In brief American Bitcoin Corp. will execute a 1-for-15 reverse stock split on July 2. The move is intended mainly to boost the per-share price so the company keeps meeting Nasdaq’s minimum bid price rule. ABTC shares fell to a fresh low Wednesday, and were recently down 41% in the last month. American Bitcoin Corp., the Bitcoin mining and accumulation company co-founded by Eric Trump and majority-owned by Hut 8 Corp., is set to consolidate its shares in a 1-for-15 reverse stock split, the company announced Wednesday, in a move aimed at lifting its stock price back above Nasdaq’s minimum…

Robinhood has launched perpetual futures tied to commodities, ETFs, and currencies for eligible European users. The new contracts bring a crypto-style trading format to traditional assets, with leverage of up to 10x. The rollout covers widely followed markets, including gold, silver, crude oil, QQQ, EUR/USD, Brent crude oil, and EWY. The products are being released in waves to eligible users in Europe. According to Bloomberg, the move extends Robinhood’s derivatives push beyond crypto. Robinhood also used its London event to unveil a wider product plan covering tokenized stocks, decentralized lending, AI trading accounts, and a new blockchain. Robinhood expands European…

Strategy Shifts Bitcoin Strategy as Farside Challenges STRC Price Support Model Strategy’s move to create a Digital Credit Capital Framework has sharpened scrutiny of one of its most complex financing tools: STRC. Farside Investors, a UK investment adviser, argues that STRC’s price-stability mechanism is fundamentally unstable. The product was largely issued around $100, with a mechanism intended to guide the market price back toward that level. In theory, if STRC trades below $100, Strategy can raise the dividend to support the price. If it trades above $100, the company can lower the dividend. Farside says that structure creates a dangerous…

ESMA itself said in a February statement that firms with derivatives marketed as “perpetual futures” are likely to fall under the existing product-intervention measures on contracts for difference (CFDs). The commercial name, ESMA said, is irrelevant. Even voluntary negative-balance protection does not alter the analysis. If a perp meets the CFD definition, all CFD rules apply: leverage limits, a mandatory risk warning, margin close-out, negative balance protection and a ban on trading incentives. Those restrictions are a heavy burden on licensed derivatives providers in Europe. The offshore market is teeming with sharks A European investor can open an account at…

Robinhood has launched its Ethereum Layer 2 mainnet alongside tokenized stock trading and perpetual futures, expanding its blockchain based financial services beyond the testnet stage. According to an announcement during the company’s “The World is Flat” event in London, Robinhood has unveiled the public mainnet of Robinhood Chain, an Ethereum Layer 2 network built with Arbitrum technology, while introducing tokenized stocks and decentralized perpetual futures trading as part of its latest international product rollout. Speaking during the launch, Robinhood CEO Vlad Tenev and other executives described the announcement as the company’s most ambitious global expansion and product strategy so far,…

Bitcoin has remained under pressure after U.S. spot ETFs recorded $222.64 million in outflows, while Changpeng Zhao has reiterated his belief that the cryptocurrency can reach $1 million over the next decade. According to an interview Zhao gave to Block, the Binance founder argued that Bitcoin ownership remains extremely limited worldwide, with fewer than 1% of people currently holding the asset. 🔥CZ: BITCOIN $BTC TO $1 MILLION BY 2033 IS “TOTALLY POSSIBLE”CZ told The Block that Bitcoin holders in terms of wealth are “probably less than 1%,” meaning “the demand for Bitcoin can be significant.”He said if the next cycle…

In brief Venice AI raised $65 million at a $1 billion valuation in its first outside funding round. Founder Erik Voorhees said the company has surpassed 3 million users and become profitable. Voorhees argued AI surveillance—not model capability—is becoming the industry’s defining challenge. Venice AI has raised $65 million in its first outside funding round at a $1 billion valuation, founder Erik Voorhees announced Wednesday. In a post on X, Voorhees—a cryptocurrency industry veteran who is best known as the founder of the ShapeShift exchange—said the funding validates Venice’s mission to build a private, uncensored alternative to mainstream AI like…