Author: NBTC

Crypto exchange CoinEx said it is winding down operations, citing a prolonged crypto market downturn, sinking trading volumes and liquidity, and rising regulatory and compliance costs, according to an announcement on Tuesday. As part of the wind-down, CoinEx will halt new user registrations, referral commissions and other rewards. Futures contracts will enter a “Reduce-Only” mode. CoinEx will also stop accepting new orders or subscriptions across its fiat, margin trading, lending, earn, staking and strategic trading services. “After much reflection, I have come to accept a hard truth. CoinEx did not become one of the industry’s leading exchanges, and the security…

Solana has emerged as a major player in the crypto market, processing 65% of agentic AI payments. This growing dominance reflects its appeal for high-speed and low-cost transactions. As the network continues to attract significant trading volume, it raises questions about its competitive position against Ethereum. This shift could significantly impact its market trajectory moving forward. What Happened Recent data shows that Solana’s infrastructure is increasingly favored for AI payments, underscoring its efficiency and cost-effectiveness. The network has also surpassed a substantial milestone, with its derivatives market volume exceeding $20 billion. This remarkable achievement highlights a notable shift in trader…

Billionaire investor Stanley Druckenmiller, a former mentor to U.S. Treasury Secretary Scott Bessent, has a lesson for his onetime protege: governments cannot indefinitely fight market fundamentals. That lesson comes in response to the Treasury’s recent decision, under Bessent’s leadership, to increase bond buybacks to $4 billion in an effort to tame longer duration yields or borrowing costs, which recently hit the highest since 2007. Druckenmiller’s point is that such interventions may offer temporary relief but cannot overcome the underlying forces pushing yields higher, namely nominal growth rate, large fiscal deficits and a growing government debt burden. The federal debt recently…

The Solana logo has become one of the most distinctive symbols in the cryptocurrency industry, recognized for its three stacked parallelograms and vibrant purple-to-green gradient. This modern geometric design is closely linked to the Solana blockchain ecosystem, reflecting its focus on performance and innovation. The design behind the Solana logo Solana, a blockchain platform known for its high throughput and low transaction costs, uses a logo inspired by 1980s technology aesthetics. Both Solana Labs and the Solana Foundation utilize this visual identity across their communications. Brand guidelines from Solana state that the three parallelograms symbolize speed and celebrate the idea…

Rep. Warren Davidson is drafting a bill to classify Central Bank Digital Currencies (CBDCs) as counterfeit money. His proposal claims that planning, designing, or launching a CBDC equates to counterfeiting. Davidson’s stance raises significant questions about the future of digital currencies in the regulatory landscape, highlighting concerns over their legitimacy. For more details, see his tweet. The Latest The crypto market is currently navigating mixed signals, reflecting varying momentum across major assets. Davidson’s bold statement regarding CBDCs adds a significant layer of complexity to the conversation, especially amidst ongoing regulatory discussions. His assertion that anyone involved in CBDC activities could…

Cryptocurrency exchange Coinbase has announced it will end trading support on eight trading pairs in an effort to improve market integrity and strengthen liquidity. According to the exchange’s announcement, trading on these pairs will cease as of September 15th. The trading pairs that Coinbase will end support for include $ANKR/EUR, $BAT/$BTC, $BAT/ETH, $COMP/$BTC, $FIL/$BTC, $GRT/$BTC, $JASMY/USDT, and $YFI/$BTC. The decision was made as part of adjustments to optimize trading conditions and liquidity on the platform. The removal of trading pairs does not mean that the associated crypto assets have been completely removed from the Coinbase platform. While the announcement indicates…

Toss and KOMSCO have successfully implemented a full local-currency payment cycle using Optimism’s OP Stack. This initiative aims to help small businesses in South Korea receive payments faster and reduce transaction fees. The move is significant as it signals a growing acceptance of crypto payments in everyday transactions, potentially setting a precedent for further integration in the region. Source: Optimism’s tweet. The Latest The broader crypto market is currently displaying mixed signals, with various assets showing different momentum levels. In a notable development, Toss, Korea’s largest fintech super app, along with KOMSCO, the government body responsible for minting, successfully executed…

Artificial intelligence may turn out to be an unexpected driver of Bitcoin adoption, according to Nakamoto Holdings CEO and Chairman David Bailey. In a discussion hosted by investment bank TD Cowen, Bailey’s argument was that the friction getting people on board with Bitcoin has always been the interface — and not the asset. Wallets, addresses, private keys, and the general onboarding process have kept mainstream users at arm’s length for well over a decade, he argued. AI-powered tools could abstract that complexity away and make the asset far easier for ordinary individuals and institutions to actually use. TD Cowen analyst…

Algorand’s recent upgrade to v5.0 has significantly enhanced its capabilities for developers. The new AVM allows for larger programs and cross-app box access, providing more flexibility on-chain. This upgrade, noted by the Algorand Twitter handle, could attract more builders to the ecosystem, fostering innovation in decentralized applications. Source What Went Down The broader crypto market is currently showing mixed signals, with various assets experiencing fluctuating momentum. Algorand’s v5.0 upgrade comes at a time when developers are seeking more flexible and powerful tools for building on the blockchain. With enhancements like SHA512 and Poseidon2, the AVM now offers significant advantages for…

Jake Chervinsky recently declared that we are witnessing the end of an era for crypto policy. He emphasized the importance of the Clarity Act, suggesting it may be the final attempt at establishing a comprehensive market structure bill. Chervinsky insists that if immediate action is not taken, the crypto sector risks returning to the drawing board on essential legislation. You can view his statement in detail here. Breaking It Down The regulatory landscape for cryptocurrencies faces a critical juncture as Jake Chervinsky’s tweet highlights a pressing need for the Clarity Act. This initiative has been pursued for years, reflecting the…