Author: NBTC

“That’s not the $XRP thesis” Farina said Brandt’s core argument is that being useful for payments does not make an asset rise in value. “But that’s not the $XRP thesis,” he said. In his view, people who hold $XRP own part of the protocol that moves value, rather than just using a service. He contrasted this with cross-border banking, which relies on correspondent banks, prefunded accounts, several ledgers and layers of fees. “Basically, the banks control the rails,” Farina said. He described $XRP as a neutral bridge asset that does not favour any single currency, country or institution. “That neutrality…

Lewis Barber, who brought the claim against BitMEX operator HDR Global Trading, entered into around 2,294 trades on the exchange between 2018 and 2022 from five accounts, the claim says. It challenges the 1,053 that lost him money. All of them were perpetual swaps, a derivative similar to a futures contract but with no expiry date. Each trade was a regulated activity that BitMEX was not authorized to carry out in the UK, the claim argues, so none can be enforced against Barber under the Financial Services and Markets Act 2000. Myriad: When will Bitcoin hit a new all-time high?…

By the Numbers Recent data shows that stablecoins are not only maintaining their significance but are also gaining traction in decentralized trading environments. This $161.4 billion volume suggests that traders are increasingly utilizing stablecoins to navigate market volatility, making them essential tools for liquidity management. The strong performance of Uniswap reflects its dominance in the DEX landscape, further highlighting the growing trend towards decentralized financial solutions. Stablecoins serve as digital currencies pegged to traditional assets, providing stability in the notoriously volatile cryptocurrency market. Their role in DEX trading is crucial, especially as decentralized finance continues to expand, offering users alternative…

The gap is striking because bitcoin has already been widely tokenized. Wrapped assets including WBTC, cbBTC, and tBTC together represent more than 218,000 $BTC-equivalent units. Yet only around 35% of that wrapped bitcoin is currently deployed productively, per the report. Source: Yield Basis Lending Dominates BTCFi, but Yields Remain Thin The current BTCFi market is heavily concentrated in lending. According to the report, lending accounts for 81% of productive $BTC, while staking and restaking make up another 12%. Liquidity strategies remain much smaller. Conventional liquidity provision represents about 5.5% of productive $BTC, while impermanent-loss-protected models account for just 1.3%. That…

Market Snapshot Currently, DeFi platforms are benefiting from a notable influx of capital as more traditional assets venture into decentralized finance. The total deposits have expanded significantly, reflecting a robust interest in alternative trading venues. While the broader crypto market presents varying momentum, the specific movement in tokenized stocks suggests a strengthening belief in DeFi’s future. Traders are likely to keep a close eye on these developments as they unfold, especially how leading platforms like Uniswap adapt and evolve in this competitive landscape. DeFi, or decentralized finance, encompasses a range of financial applications in cryptocurrency and blockchain geared toward disrupting…

According to authorities, the bigger buy will help maintain liquidity in the markets, whereas the traders are looking at how the move will affect the growth in yields, which are at a level not seen since the pre-2008 crisis period. Treasury buys more debt as long-term yields keep moving higher The market was not acting in the manner that would suit the Treasury’s interest. The yields continued to climb after the announcement, and longer-term bonds even went up by as much as 5 basis points before coming back down. It should be noted that higher yields increase the cost of…

That adds a new credit use case for $XRP, but also introduces bridge, collateral, and redemption dependencies that borrowers do not face when holding native $XRP directly. Three borrowers dominate $XRP’s emerging credit market The early borrowing activity is heavily concentrated among a small number of participants. The three largest addresses account for 93% of roughly $7.2 million in outstanding debt, giving a handful of positions outsized influence over the market’s size. A large repayment could sharply shrink borrowing, while another loan from the same wallets could lift the total without bringing in many new users. The concentration may be…

What the Data Shows As VARA engages in discussions about regulatory clarity, the crypto market remains in a state of flux. Despite the uncertainties, the focus on developing robust regulatory frameworks could lead to increased institutional engagement. This aligns with a broader trend where crypto platforms seek to establish compliance with emerging regulations, influencing future market dynamics. The Virtual Assets Regulatory Authority (VARA) is responsible for overseeing the regulation of virtual asset activities in Dubai. Its jurisdiction includes ensuring compliance and fostering a safe environment for the growth of digital assets. VARA’s emphasis on regulatory clarity aims to support both…

Market Pulse In the wake of this liquidation event, the market exhibits significant volatility, with mixed signals emerging across various cryptocurrencies. As traders react to the liquidations, many are adjusting their positions or adopting more conservative strategies to mitigate risk. The current market sentiment reflects a cautious approach, with many participants looking for clarity amid confusion. Gemini is a cryptocurrency exchange and custodian, offering a secure platform for digital asset trading. The revelation of significant liquidations comes as traders increasingly scrutinize market movements and the underlying factors contributing to volatility, particularly in a regulatory landscape that remains uncertain. What Comes…

Moments before the personal consumption expenditures (PCE) data release, bitcoin reclaimed $83,500, reaching $83,700 around 8:20 a.m. EST. According to Bitstamp data, bitcoin then spiked to a daily peak of $85,600 less than an hour later, only for the price to tumble to $84,350 by 10:35 a.m. As of this writing, Bitcoin remains above the $84,000 mark, showing a 1.3% rise on the day. The increase ensured bitcoin entered the final hours of the month with a 7.3% gain in September and a 37% gain for the third quarter. In the derivatives market, bitcoin’s volatility surrounding the PCE release triggered…