Author: NBTC

$RLUSD’s Rapid Expansion on XRPL Signals Rising Institutional Interest in Digital Finance $RLUSD’s rapid expansion on the $XRP Ledger (XRPL) is drawing attention as demand for dollar-backed digital assets continues to accelerate. Data highlighted by Evernorth shows $RLUSD activity on XRPL has surged 224% this year, rising from approximately $235 million to $762 million. The increase points to growing adoption of stable digital dollars and reflects a broader shift toward blockchain solutions built for real-world financial use cases. Unlike volatile cryptocurrencies, stablecoins like $RLUSD are designed to maintain a steady value by being tied to the U.S. dollar. This makes…

South Korea’s Financial Supervisory Service (FSS) is moving forward with its sanctions process against Bithumb, one of the country’s largest cryptocurrency exchanges, with a target to conclude the case by the third quarter of this year. The action stems from an incorrect Bitcoin (BTC) payment incident that occurred in February 2023. Regulatory Process and Legal Grounds According to a report from Dailian, an FSS official confirmed that the agency is currently reviewing relevant laws to ensure the sanctions are legally sound. The official emphasized that because sanctions are an invasive administrative action, they require a clear legal basis and procedural…

In a recent tweet, Arbitrum announced that it will introduce new primitives designed for compliance, enabling traditional finance to participate more effectively in onchain activities. This move aims to address the current limitations in compliance options available to institutions, as detailed in their official communication source. What Went Down The announcement comes at a time when the broader crypto market displays mixed signals. While many altcoins have remained stagnant, Arbitrum is making strides in attracting institutional interest by focusing on compliance solutions. This shift aligns with the increasing demand for regulated frameworks within the decentralized finance landscape. With over $1.2…

The pressure on crypto has become its own. The break below $60,000 reflects continued outflows from U.S. spot bitcoin ETFs, the Federal Reserve’s hawkish turn and a U.S. dollar that climbed to a seven-month high, said Alex Kuptsikevich, chief market analyst at FxPro, in an email to CoinDesk. A stronger dollar makes dollar-priced assets like bitcoin costlier for foreign buyers and tends to pull money out of risk trades. FxPro also flagged a longer-term warning. Bitcoin is hovering near its 200-week moving average, the average price over the past roughly four years and a closely watched long-term trend line. The…

Crypto market maker Cumberland has deposited an additional 4 million $USDC into the Hyperliquid (HYPC) platform approximately one hour ago, according to data from on-chain analytics provider Onchain Lens. This latest transaction brings Cumberland’s total deposits into Hyperliquid to 6.85 million $USDC, spread across three separate transactions executed today. On-Chain Activity Details The three deposits, all occurring within a short time window, signal a significant capital deployment by one of the cryptocurrency industry’s most active market-making firms. While the specific purpose of these deposits has not been officially disclosed by Cumberland, such movements often precede increased trading activity, liquidity provision,…

Galaxy Digital has completed the first phase of power delivery at its Helios data center campus in West Texas. The company delivered about 200 megawatts of gross power, equal to 133 MW of critical IT load, to CoreWeave under a 15-year lease. The delivery marks Helios’ move from a construction project into a revenue-generating AI data center campus. Galaxy said rent under the Phase I lease began in the second quarter of 2026. “Completing Phase I on budget and on schedule affirms Galaxy’s position as an operator capable of executing hyperscale AI data center development,” said Mike Novogratz, founder and…

Binance founder Changpeng Zhao has publicly endorsed a new partnership between the SIGN Foundation and Bhutan’s National Digital Identity (NDI) company, aimed at designing and developing a national digital identity platform for Sierra Leone. The two organizations formalized their collaboration through a Memorandum of Understanding (MOU), marking a significant step toward establishing blockchain-based infrastructure in West Africa. Details of the Partnership The MOU between SIGN and Bhutan NDI outlines a framework to create a secure, scalable digital identity system for Sierra Leone’s citizens. While specific technical details remain under development, the initiative is expected to leverage blockchain technology to enhance…

Brinc, a Hong Kong-based venture capital firm, has launched a new $XRP Ledger-based innovation program in partnership with Ripple. The company announced that applications for the Hong Kong Financial Innovation Program (HFIP) opened on June 8, 2026. Through this initiative, Brinc and Ripple plan to support startups developing the next generation of payment systems and financial infrastructure, focusing on Hong Kong and the broader Asian market. The XRPL-Powered Hong Kong Financial Innovation Program Notably, the accelerator brings together Brinc and Ripple to help early-stage companies grow. The program uses the $XRP Ledger as its core technology and targets startups ranging…

Donald Trump is trying to turn the Abraham Accords into a package deal. In a Truth Social post on May 25, the former president called on Saudi Arabia, Qatar, and a handful of other Muslim-majority nations to normalize relations with Israel, framing participation as “mandatory” for any country hoping to be part of a broader agreement with Iran. The list of countries Trump wants on board doesn’t stop at the Gulf states. He also named Pakistan, Turkey, Egypt, and Jordan as nations that should sign onto the accords. The pitch, and the pushback Trump’s post came on the heels of…

That figure puts Binance well ahead of the next nine exchanges combined in some categories, according to portfolio data pulled from Arkham’s blockchain analytics platform. The rankings, logged on July 6, 2026, based on real-time wallet balances rather than self-reported figures, give traders a rare look at exactly what sits behind each exchange’s reserves. Numbers like these rarely get much scrutiny beyond a headline total. Bitcoin.com News dug into the wallet-level breakdowns behind eight major exchanges to see what those totals are actually made of, and the answers vary more than most people would guess. Binance Binance’s $130.1 billion war…