Author: NBTC

Multiple users of KASTxyz have reported receiving emails indicating the company’s intention to convert meaningful points balances into tokenized equity. This news was shared by SolanaFloor, highlighting a significant shift in KASTxyz’s strategy. More details are expected to emerge in Q4, providing further clarity on these developments. Inside the Move Amid a wave of selling pressure across the crypto market, KASTxyz is making headlines with its innovative approach. The company plans to convert users’ accrued points into tokenized equity rather than launching a traditional token. This conversion process involves aggregating points in a digital ledger and utilizing a regulated token-issuance…

The amount of Ether bridged to Robinhood’s new layer-2 blockchain exceeded $70 million in just the first week, according to Token Terminal. Robinhood Chain, an EVM-compatible Arbitrum-based layer-2 network that uses $ETH as its native gas token, launched on July 1 with the company describing it as “AI-native and purpose-built for real-world assets.” “If adoption continues, the chain could become a meaningful new source of demand for $ETH,” said Token Terminal on Thursday. Robinhood has also offered tokenized stocks to customers in more than 120 countries, responding to a surging demand for tokenized US equities. Ethereum and its layer-2 scaling…

Artem Tolkachev is Chief RWA Officer at Falcon Finance, which builds collateral-first dollar infrastructure. What actually determines whether a stablecoin gets used, not just parked, is whether the venues where people trade, borrow and hedge will accept it as collateral. Can you post it as margin on an exchange? Does it get a sensible loan-to-value in a lending market? Can it move across venues without losing so much to haircuts that it becomes irrelevant? Collateral acceptance is the line between a dollar token that sits in a wallet earning a coupon and one that does real work in the financial…

A cryptocurrency wallet linked to Bitwise, the asset manager behind a spot Bitcoin ETF, has withdrawn approximately $2.4 million worth of $HYPE tokens from Wintermute, a prominent crypto market maker. The transaction was flagged by blockchain analytics platform Onchain Lens, which identified the wallet as likely belonging to Bitwise based on on-chain patterns. Transaction details and participants The transfer involved $HYPE, the native token of the Hyperliquid decentralized exchange (DEX) ecosystem. Wintermute, known for its institutional liquidity and over-the-counter (OTC) trading services, facilitated the transaction. While Bitwise has not publicly confirmed the wallet’s ownership, the address has been consistently linked…

Despite the Greek withdrawal, she said she supports MiCA remaining a system in which national regulators grant licenses, while the European Securities and Markets Authority (ESMA) plays a larger supervisory role over the largest firms. Binance is not the only crypto exchange suspending crypto services by July 1. ESMA privately advised national regulators to disapprove Binance’s MiCA applications, highlighting issues the exchange has meeting compliance with financial-crime rules, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions. Lynch said the WSJ’s reporting “mischaracterises how these accounts were identified, reviewed and acted upon. With regards to the…

HSBC has completed its first blockchain-based issuance of a digitally native structured product, using tokenized U.S. dollar-denominated notes in a private placement for institutional investors in Hong Kong. According to HSBC, the pilot transaction involved U.S. dollar-denominated structured notes issued in Hong Kong with support from Asia-Pacific digital market infrastructure operator Marketnode, which acted as both the tokenisation agent and digital paying agent. By issuing the notes directly on blockchain, Marketnode enabled digital issuance while also managing payment flows between HSBC and the investor. HSBC said the pilot tested how tokenisation can make the issuance, settlement, administration, and servicing of…

Bitcoin ($BTC) is seeing a “textbook” bear-market bottom as speculators take profits on the trip toward $65,000. Key points: Bitcoin is repeating previous macro bottom behavior in a “textbook” manner, analysis argues. Short-term holders are taking profits on minor recoveries — something “characteristic of a bull market.” Doubts remain about speculators avoiding future capitulation. Analysis: Bitcoin bottom will “be very obvious in hindsight” In their latest analysis on X, the Bitcoin quant account known as Frank, named for the famous economist Frank A. Fetter, doubled down on conviction that the worst of the $BTC price downtrend is over. “This is…

“Banks aren’t asking whether they’ll use stablecoins anymore. They’re deciding how they’ll use them,” said Andrew MacKenzie, the founder and CEO of Scotland-based stablecoin issuer Agant, in an interview. The discussion intensified this week after Circle CEO Jeremy Allaire responded to the introduction of OpenUSD, a rival stablecoin backed by companies including Coinbase (COIN), payments company Stripe and asset manager BlackRock (BLK). Allaire said $USDC’s position rests on nearly a decade of building liquidity, banking relationships and regulatory approvals. Adrian Cachinero Vasiljevic, a co-founder and partner at Steakhouse Financial, which advises institutions on decentralized finance, agrees that the surrounding ecosystem…

On-chain analyst EmberCN reported via X that an AKE market maker has transferred and sold an additional 9.825 billion AKE tokens, valued at approximately $2.24 million, through Binance Alpha and direct on-chain transactions. The price of AKE has subsequently dropped 33%, falling from $0.0003 to $0.0002. Repeat Selling Pattern Raises Questions This is the second large-scale sale by the same market maker in less than a week. Just three days prior, 3.944 billion AKE tokens, worth around $1.22 million, were moved to Binance Alpha and sold. That earlier sale triggered a 40% price decline, from $0.0005 to $0.0003. The recurrence…

In brief Labour MP Phil Brickell has reported Nigel Farage to the Parliamentary Commissioner for Standards, alleging he lobbied the Bank of England on crypto policy that could benefit his biggest donor. The complaint centers on a private September 2025 meeting in which Farage reportedly urged Governor Andrew Bailey to drop plans for a state-run digital pound. Farage received an undeclared £5 million ($6.7 million) gift from Tether investor Christopher Harborne, who has separately given Reform UK a further £15 million. Reform UK leader Nigel Farage has been reported to Parliament’s standards watchdog over allegations that he lobbied the Bank…