Author: NBTC

Western Union has introduced a new Visa card tied to its own dollar-pegged stablecoin, USDPT, which runs on the Solana blockchain. The card allows users to make payments in USDPT at millions of Visa merchants worldwide, marking a significant step in bridging traditional remittance services with digital currency payments. How the card works The card is supported by Rain, a stablecoin card infrastructure provider that supplies the mobile app, embedded wallet, and card processing backbone. Cardholders can load USDPT into their wallet and spend it wherever Visa is accepted, with the underlying stablecoin automatically converted to fiat at the point…

Ethereum-focused investment firm Bitmine (BMNR) has significantly expanded its staking position, adding $289.4 million worth of $ETH over the past week. According to blockchain analytics platform Arkham, Bitmine’s staked Ether now represents approximately 4.2% of Ethereum’s total supply. This move underscores a growing trend of institutional players consolidating influence over the network’s proof-of-stake mechanism. What This Means for Ethereum’s Staking Landscape Bitmine’s latest acquisition brings its total staked $ETH to a level that gives it substantial influence within Ethereum’s validator set. As of this week, the company’s staked holdings rank among the largest on the network, rivaling major exchanges and…

Maurice, a former Pokémon card seller, told CoinDesk in a 2024 podcast interview that he and Justin Poiroux, the firm’s chief technology officer, founded Yellow Card to take on big banks and Swift, the interbank service that processes over 53 million secure messaging instructions a day for nearly 11,500 financial institutions. Swift facilitates trillions of dollars in global bank transactions and said last month it was testing its first blockchain ledger. Yellow Card, which focuses mostly on emerging markets, will use the new capital to expand Global USD Accounts, its dollar account product for businesses, and add stablecoin and local…

Injective’s $INJ token launched on Robinhood at $4.76–$5.00 on July 16, giving the layer-1 blockchain a roughly $494M market cap, and that listing was only the second headline out of a Washington, D.C. summit, with an Injective SEC filing stealing the headlines. Alongside a Robinhood listing, Injective also packed an SEC filing, a Linux Foundation membership, an AI development kit, and a MiCA whitepaper into a single press cycle. The SEC item is the one being widely misread, and the misreading matters. Here are just some of the highlights from the Injective Summit in DC: @RobinhoodApp listing $INJ Filed SEC…

The United States and the United Kingdom reaffirmed their commitment to closer financial regulatory cooperation during a recent bilateral working group, signaling continued policy alignment on digital assets as US authorities move to implement landmark stablecoin legislation. During the 13th meeting of the UK-US Financial Regulatory Working Group (FRWG), held in London on July 8, officials discussed stablecoin regulation, digital asset market structure in the United States, tokenization and the UK’s Wholesale Financial Markets Digital Strategy. An Aug. 4 joint statement summarizing the meeting said US officials updated their UK counterparts on implementation of the $GENIUS Act, the country’s landmark…

Hyperliquid has recorded a new milestone, with open interest in traditional asset markets (HIP-3) surpassing $4.13 billion for the first time, according to Hyperscreener ASXN. Meanwhile, daily trading volume saw an extraordinary jump, soaring 229% to $4.87 billion and fully exceeding the amount of capital held on the platform. While traditional stock exchanges are closed, crypto traders are shifting en masse from memecoin speculation to 24/7 trading in tokenized stocks, commodities and indices on blockchain rails. Contracts tied to shares of memory chip manufacturers SK Hynix and Micron Technology surged into the top-traded markets, allowing traders to react instantly to…

Bitcoin’s $BTC$64,080.96 elite holders are quietly loading up again. The number of wallets holding at least 10,000 $BTC has climbed back to 90, a six-month high, according to analytics firm Santiment. Over the past eight weeks alone, the count of these “whale” wallets has risen by six, a 7.1% increase. The move builds on a broader accumulation trend first flagged four days ago. Since July 29, wallets in the 10–10,000 $BTC range (whales and sharks) have accumulated $BTC worth $1.5 billion. Santiment noted at the time that the pattern of larger players accumulating while smaller holders sell raised the odds…

Taiwanese singer and crypto investor Jeffrey Huang, also known as Machi Big Brother, lost approximately $2.5 million after two Ethereum long positions were liquidated overnight, according to blockchain tracking platform Spot On Chain. The liquidations highlight the ongoing risks of high-leverage trading in volatile cryptocurrency markets. Liquidation Details and Market Context Spot On Chain reported that Huang’s $ETH long positions were forcibly closed as Ethereum’s price moved against his leveraged bets. The exact price levels and timing were not disclosed, but the incident occurred within a 24-hour period, reflecting the rapid market swings that have characterized recent trading sessions. Following…

Galaxy Digital (GLXY) shares are lower by a bit more than 5% in pre-market action after reporting quarterly results. Galaxy’s $85 million net loss narrowed from $216 million in the first quarter, while its diluted and adjusted loss narrowed to $0.09 per share from $0.49. Street forecasts had been for a loss of $0.28 per share. Its digital assets operation generated $66 million in adjusted gross profit, up 34% quarter-on-quarter, despite a 7% decline in trading volume. Galaxy’s data center business generated revenue for the first time in the quarter as the company completed the initial phase of its Helios…

Cardano founder Charles Hoskinson, while commenting on the sharp drop in $ADA price, made important statements regarding the project’s future roadmap. Hoskinson stated that Cardano’s core infrastructure needs to come under more community control and the development process needs to be spread across a wider group of companies. Hoskinson acknowledged that $ADA has lost significant value, stating, “There has been a dramatic drop, no doubt about it.” He recalled that $ADA had risen to $1.20 last year, arguing that there was considerable excitement at the time about the price potentially returning to its 2021 levels. According to Hoskinson, the market…