Author: NBTC

Protecting the Local Market Cryptocurrency exchanges and Kenya’s National Treasury are reportedly locked in a standoff over a proposed regulation that would force stablecoin issuers to hold a significant portion of their reserves in local banks. According to a report, the rule requires crypto exchanges to hold at least 30% of all funds received for stablecoins issued in dedicated accounts across commercial banks in Kenya. The Treasury’s proposal is said to be aimed at insulating Kenya’s financial ecosystem from the volatility of the digital asset markets, protecting local investors, and ensuring that stablecoins operating within the country have concrete, domestic…

Crypto exchange Kraken has begun accepting select tokenized stocks and exchange-traded funds (ETFs) as collateral for futures and margin trading, allowing eligible users to open leveraged positions without selling their holdings. The feature initially supports 10 tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and Invesco QQQ Trust. Eligible users can post those holdings as collateral without selling them first. Each eligible asset is assigned a collateral haircut that reduces its lending value based on risk. Broad-market ETFs receive the lowest haircut at 10%, while more volatile stocks such as Strategy and Robinhood are…

Bitcoin traded near $62,000 today, surrendering part of a rebound that had carried it to $64,000 from last week’s bear-market low of $57,700. The pullback holds the price above the $60,000 level that CryptoQuant treats as support, though it trims a recovery of some 11% off the bottom. The dip came as CryptoQuant’s Weekly Crypto Report, published today and shared with Bitcoin Magazine, argued the backdrop skews toward further gains. Head of Research Julio Moreno framed the bounce as a bear-market recovery rather than a trend reversal, with one central caution: the firm’s Bull Score Index, an aggregate of on-chain,…

Stephen Suttmeier, former Head of Technical Strategy at Bank of America, believes Ethereum could be forming a “tactical bottom.” In his recent analysis report, Suttmeier said that if the price stays above $1690-$1700, it would support his thesis of the altcoin forming a tactical low above its June lows. Another confirmation for this bottoming pattern would be a reclaim of $1800. His projection was based on technical analysis, particularly using moving averages (MA) to gauge short- and long-term momentum shifts. As of press time, the Ethereum [$ETH] price has briefly stalled below the 50-day MA (DMA). Should the 50DMA be…

$AVAX One Technology has started a search for a permanent chief executive after Jolie Kahn resigned as CEO. The company said Kahn left the role effective immediately, while Chief Operating Officer Pete Wylie will serve as interim CEO. Wylie will continue to serve as COO while leading the company during the search. $AVAX One said its board has retained ZRG Partners to help find a permanent successor. “We have full confidence in Pete’s ability to lead the Company through this transition,” said Chairman Matt Zhang. $AVAX One has appointed COO Pete Wylie as interim CEO, following the resignation of Jolie…

$KAITO, the native token of the AI-focused decentralized platform, experienced a sharp 33% price surge on Binance, reaching 0.8300 $USDT. The sudden move has drawn attention from traders and analysts, prompting questions about the catalyst behind the rally. Price Action and Market Context The spike occurred during a period of relatively low volatility in the broader cryptocurrency market. Bitcoin and Ethereum traded within narrow ranges, making $KAITO’s breakout stand out. Trading volume on Binance spiked significantly, suggesting a concentrated buying interest. As of the latest data, $KAITO is trading at 0.8300 $USDT, up from a 24-hour low of 0.6200 $USDT.…

Senator Cynthia Lummis has renewed her call for lawmakers to advance the CLARITY Act, a bill aimed at setting clearer rules for digital asset markets in the United States. A post shared by CryptoGoos cited Lummis as saying the bill would “lay the foundation for the financial services of the 21st century.” Lummis also said, “The Clarity Act is this generation’s contribution to that legacy. Let’s finish the job.” Her comments came as lawmakers faced a narrow window to move the bill forward before the August recess. 🇺🇸 Senator Lummis says the CLARITY Act will “lay the foundation for the…

Key takeaways: War, rising oil prices and Strategy’s Bitcoin sales put extra pressure on BTC’s $60,000 support. Strategy’s Bitcoin sales and fears that a global regulatory crackdown on crypto is being reignited are adding to fragile crypto market conditions. Bitcoin traded down 3.5% on Wednesday as new developments in the US-Iran war pushed oil prices higher and Japan’s bond markets faced renewed stress. That combination triggered broader de-risking across markets. At the same time, concerns over potential Bitcoin sales from Strategy intensified, with traders now bracing for a possible correction below $60,000. Nasdaq-100 futures (left) vs. Bitcoin/USD (right). Source: TradingView…

Ethereum is holding a short-term support zone while analysts watch for another push toward $1,840. Bigger picture, $ETH may still be building a macro accumulation base, but the bullish case depends on buyers defending the cycle low. Ethereum Long Setup Points to Possible Move Toward $1,840 Ethereum is trying to build a short-term breakout setup after holding a key support zone. If buyers defend the $1,720-$1,745 area, $ETH could attempt another push toward the $1,820-$1,840 range. $ETH/USDT 1-hour chart. Source: Always Win on X, TradingView The chart shows $ETH moving sideways after its recent rally, with price holding above a…

The United Nations Development Programme (UNDP), the UN agency supporting sustainable development projects, and Stellar Development Foundation, the nonprofit organization behind the Stellar blockchain, have extended their partnership to expand blockchain-based digital payment solutions. The new agreement moves the project beyond pilot programs and focuses on making digital payments a standard tool for UNDP offices around the world. The initiative is coordinated by the UNDP Alternative Finance Lab in Istanbul and aims to create the systems and rules needed for wider adoption. The decision follows 16 months of testing across 17 countries. Pilot projects were launched in Haiti, Syria, Kenya,…