Author: NBTC

Circle has launched its $USDC stablecoin on X Layer, OKX’s Ethereum layer-2 network, extending the stablecoin to an ecosystem connected to one of the world’s largest cryptocurrency exchanges by trading volume. Circle announced Friday that native $USDC and its Cross-Chain Transfer Protocol (CCTP) are now available on X Layer. The network is compatible with the Ethereum Virtual Machine (EVM), allowing applications built for Ethereum to run on it with relatively few changes. CCTP allows $USDC to move between X Layer and other supported blockchains by burning the tokens on the source chain and minting an equivalent amount on the destination…

Public Bitcoin treasury holdings posted another strong month in May, with companies across sectors adding or disclosing 51,045 $BTC before sales, or 43,557 $BTC net, according to BitcoinTreasuries.net’s May 2026 Corporate Adoption Report. At the May 31 price of $73,579.69 per coin, those net additions were worth $3.2 billion — extending a months-long accumulation streak even as Bitcoin sat roughly 42% below its all-time high. Strategy maintained its position at the top of the leaderboard, acquiring 25,404 $BTC in May and holding the No. 1 spot among all public companies by Bitcoin treasury size. But its dominance drew more scrutiny…

Amid the growing popularity of stablecoins, India is increasingly exploring the launch of a rupee-backed cryptocurrency despite the government’s cautious stance. With this move, the country intends to bring the local currency further into the digital ecosystem. If an INR stablecoin is introduced, it could help the country make faster and easier cross-border payments without relying on foreign stablecoins. But the question now is different. Could an INR stablecoin make it easier for Indian users to access dollar-backed stablecoins such as $USDT and $USDC? This question has come into focus following a recent discussion by the International Monetary Fund (IMF).…

An anonymous cryptocurrency whale has made a substantial move in the decentralized exchange (DEX) ecosystem, staking 2.93 million $HYPE tokens on the Hyperliquid platform. According to data from blockchain analytics firm Lookonchain, the staked tokens are currently valued at approximately $172 million. Whale Accumulation and Staking Strategy Lookonchain’s analysis suggests the whale accumulated the $HYPE holdings roughly nine months ago, with an estimated average purchase price of $44 per token. At current market prices, this position has generated an unrealized gain exceeding $44.5 million. The decision to stake such a large amount signals a long-term bullish outlook on the Hyperliquid…

Bitcoin is approaching a deadline that could turn one of its longest-running arguments into the network’s most serious governance fight in years. At the center of the dispute is Bitcoin Improvement Proposal 110 (BIP-110), a proposed change that would restrict the amount of non-financial data that can be included in Bitcoin transactions. With the network currently less than 10,000 blocks away from a mandatory activation window around block 961,632, the debate has escalated from a technical disagreement over network “spam” into a high-stakes standoff. BIP-110 supporters argue the restriction is essential to preserve Bitcoin’s primary utility as a monetary settlement…

Buying the dip in SpaceX (NASDAQ: SPCX) on the day Elon Musk lost his trillionaire status has yet to pay off, with the stock still trading below its June 23 level despite a recent rally. Based on SpaceX’s August 7 closing price of $133.11, the investment would have declined by about 15% from the June 23 reference price of roughly $156, bringing its total value to approximately $852. Notably, shares surged 15.83% in the latest trading session, marking their strongest single-day gain since the weeks following the IPO. The rally added more than $300 billion in market value and lifted…

All REP holders must migrate their tokens by August 1, 2026, to remain part of the active Augur ecosystem Augur, one of Ethereum’s earliest decentralized prediction-market and oracle projects, today announced that the second and final phase of its Moon Fork is entering its final days, with the two-month migration window for all holders of its REP token closing on August 1. REP holders must migrate their tokens 1:1 into an outcome-specific version of REP by August 1, 2026. Migration is one-way and irreversible. Tokens that remain in the legacy Augur universe after the window closes will no longer be…

The parallel is not that tokenized assets are the next subprime; it is that a shock travels through shared plumbing whether or not you touched what broke. The wiring is no different now: stablecoins alone hold well over $100 billion dollars in Treasury bills, and if a large stablecoin breaks and is forced to sell, the shock lands in the funding markets a traditional desk relies on every morning. Federal Reserve staff have flagged the risk; it nearly happened in 2023, when a Circle’s USDC briefly lost its peg because its reserves sat in a failing bank. International bodies like…

Swift Brings Faster Transfers to Major US Banks Swift announced Aug. 5 that Bank of America and J.P. Morgan have gone live with its new international retail transfer initiative, adding two major US banks to a framework designed to improve cross-border payments. The initiative allows consumers and businesses to see costs before sending money, receive the full amount transferred, and access faster delivery where local banking systems support it. The new framework allows senders to view fees and exchange rates before confirming transactions, while recipients can receive the full amount sent without unexpected deductions. In supported markets, transfers can arrive…

Glassnode’s latest Week On-chain report says Bitcoin has entered a deep discount phase, with over 95% of short-term holders underwater and realized losses approaching levels associated with severe capitulation. The report also notes that a durable Bitcoin recovery is likely to require either the dollar index breaking below 99 or the 10-year Treasury yield compressing toward 4.2%. DXY sits at 100.01, up 2.1% over 30 days, and 10-year yields are at 4.53%. That frames Bitcoin $60,000 support as a macro-dependent level whose durability hinges on DXY and Treasury yields.Leverage has been flushed, valuation metrics are deeply discounted, and the dollar-yield…