Author: NBTC
The financial world is buzzing with news that the California State Teachers’ Retirement System (CalSTRS), the third-largest U.S. pension fund, has gained significant CalSTRS Bitcoin exposure. This monumental move involves a $133 million investment through MicroStrategy (MSTR), signaling a pivotal moment for institutional adoption of digital assets. This development, first highlighted by The Bitcoin Historian on X, showcases how even traditional, large-scale investment vehicles are beginning to embrace the evolving financial landscape. Understanding CalSTRS’s Strategic Bitcoin Exposure Many might wonder how a teachers’ pension fund invests in Bitcoin. CalSTRS isn’t directly buying Bitcoin. Instead, they are investing in MicroStrategy (MSTR)…
Pavel Durov, founder of the messaging application Telegram, provided an update regarding his ongoing case in France, and said the criminal investigation against him is “struggling” to find any evidence of wrongdoing. Durov said his arrest by French authorities in August 2024 was “unprecedented” and added that holding a tech executive accountable for the actions of independent users was “legally and logically absurd,” in a Telegram post on Sunday. Durov added: “A year later, the ‘criminal investigation’ against me is still struggling to find anything that I or Telegram did wrong. Our moderation practices align with industry standards, and Telegram…
OKX Expands With $WLFI Pre-Market Perpetuals OKX, one of the world’s leading crypto exchanges, announced yesterday on its official X account that $WLFI — the native token of World Liberty Financial — is now available for trading on Pre-market Perpetuals. The new listing went live yesterday, August 23, marking a major step for both OKX and World Liberty Financial. Traders can now access: No expiry perpetual contracts Up to 5x leverage A seamless entry into one of the most talked-about DeFi projects of 2025. This comes at a time when traders are actively searching for new opportunities in volatile markets.…
Key takeaways ETH is trading above $4,300, up by less than 1% in the last 24 hours. Investors will focus on Powell’s speech at Jackson Hole later today. Ether remains resilient despite bearish market conditions The cryptocurrency market has been volatile since the start of the week, and more volatility is expected over the next few hours. Traders are bracing for potential volatility ahead of Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Symposium. Bitcoin continues to trade around $113k while Ether is trading above $4,300, up by less than 1% in the last 24 hours. Ether’s…
Stablecoin payments processor Loop Crypto raised a strategic round co-led by VanEck and Fabric Ventures, the firm exclusively told Blockworks. This brings the total funding raised by the firm to $6 million, but the team declined to give specifics on the most recent round. Co-founders Eleni Steinman and Shane van Coller noted that they — like many in crypto — couldn’t have foreseen the rapid rise in stablecoins. For Steinman specifically, Stripe’s acquisition of Bridge earlier this year showed that bigger players “see the value in rebuilding the payment rails and that it’s working…people really are choosing stablecoin payments because…
Major US banks are lobbying the Office of the Comptroller of the Currency (OCC) to establish national regulatory standards that would override state-imposed rules affecting their operations. Citing people familiar with the matter, Reuters reports the banks seek uniform federal guidelines for activities such as lending funds, issuing bonds, offering investment banking services and conducting anti-money laundering (AML) assessments. The goal, according to Reuters’ sources, is to limit the influence that individual states have over these operations. Sources say the push aligns with efforts by the Trump administration to reinforce federal preemption, following a 2024 U.S. Supreme Court ruling affirming…
Terminus, a cutting-edge payment platform, has partnered with Digital Era Bank, a prominent fintech venture that merges traditional banking with DeFi. The key purpose of this partnership is to merge crypto as well as fiat transfers across the globe. The official announcement shared by Terminus on social media discloses that the development seeks to bolster the crypto economy by integrating it with fiat systems. Keeping this in view, the joint effort intends to unlock unique opportunities for businesses and communities to widen digital payment adoption. 💱 Terminus joins forces with Digital Era Bank (DEBC) 🤝In the luminescent haze of 2099,…
After several consecutive days in the red, the nine U.S-listed exchange-traded funds tracking Ethereum are back with inflows. Summary Ethereum ETFs recorded $288 million in net inflows on Aug. 21, ending several consecutive days of losses. ETH’s price remains under pressure, trading just above $4,238, down 0.72% over the past 24 hours, but up 15% for the month. Bitcoin ETFs continued to see outflows, losing $194 million and marking five consecutive days of withdrawals. Ethereum ETFs recorded a total of $288 million in net inflows on Aug. 21, ending a four-day streak of underperformance. SoSoValue data shows BlackRock’s ETHA led…
The market for tokenized Real-World Assets (RWAs) on Ethereum has surged nearly 20 times since January 2024, according to new data spotlighted by Token Terminal. In August, Ethereum’s RWA market went over an astonishing $7.5 billion. The rise is fueled by growing institutional adoption, with financial giants like BlackRock and Securitize building tokenized products on the network. In addition, platforms such as zkSync Era are contributing a large amount of transaction volume to the ecosystem. Ethereum currently dominates the RWA space, holding a majority share and acting as the backbone for asset tokenization, including treasuries, private credit, real estate, commodities,…
There have been notable increases in trading volume for some altcoins on South Korea’s leading cryptocurrency exchanges Upbit and Bithumb in the last 24 hours. While major projects like Ethereum and Solana topped the list, relatively lesser-known altcoins like Wayfinder (PROMPT) and Xterio (XTER) also stood out with high volume on Bithumb. According to experts, this increase stems from rising risk appetite in Asian markets and strong demand for transactions in the Korean won. This is particularly evident in the interest observed in AI-focused and gaming-focused altcoins. According to data from two exchanges, the prominent altcoins and their transaction volumes…