Author: NBTC

Asian stocks climbed on Monday after a surprisingly weak US jobs report eased fears of an imminent Federal Reserve rate increase, helping risk appetite recover even as oil prices moved higher on renewed uncertainty around the Strait of Hormuz. Japan’s Nikkei 225 rose about 2%, South Korea’s KOSPI added 1.1% and MSCI’s broadest Asia-Pacific gauge outside Japan gained 0.8%. The advance followed record closes on Wall Street on Friday, where investors treated softer hiring as a reason for the Fed to stay patient. China moved in the other direction, with the CSI 300 down 0.4% after inflation data reinforced concerns…

Blockchain company Ripple has launched Ripple Mint, a new platform that allows institutional clients to create, manage, and transfer its Ripple USD ($RLUSD) stablecoin across different networks. According to the company’s statement, Ripple Mint enables institutions to mint and redeem $RLUSD, bridge assets across supported blockchain networks, and track transactions end-to-end. The platform will be accessible via both a web-based user interface and API integration. Ripple stated that the new platform was developed specifically for customers who handle high-volume transactions and need automation, real-time visibility, and on-premises system integration instead of manual processes. Organizations will be able to integrate $RLUSD…

Regulators from Washington, London, Brussels, and Hong Kong are finalizing a new set of rules that grant them the authority to identify, freeze, and in some scenarios redirect cross-border stablecoin transfers. Stablecoins, which used to be hard to control, are now slowly being subjected to the same regulations that apply to traditional banks. The change affects anyone engaged in cross-border transactions using tokens pegged to the dollar or pound sterling, including those sending remittances and companies’ treasury departments. Stablecoins can move rapidly on the blockchain, but the entrance and exit points of their users create opportunities for regulatory oversight and…

South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, have recorded remarkable trading volumes in some altcoins over the past 24 hours. Investor interest, particularly concentrated in South Korean won (KRW) trading pairs, has led to some lower market cap altcoins achieving volumes approaching, and in some cases surpassing, those of major cryptocurrencies like Bitcoin and Ethereum. When the data from the two exchanges are considered together, the highest trading volume was seen on Momentum ($MMT). $MMT reached approximately $39.7 million on Upbit and $6 million on Bithumb, generating a total trading volume of approximately $45.7 million. $XRP was also among…

There is increasing consensus that Bitcoin’s performance pattern, linked to halving events, may be fully intact. Analyst Benjamin Cowen is the latest to reinforce the four-year $BTC cycle, noting that, The four-year cycle for Bitcoin is not broken. In fact, $BTC’s average drawdown in midterm years is nearly identical to what it is now. According to him, the asset’s current performance also mirrored past U.S midterm elections. For perspective, the U.S spot $BTC ETFs debut in 2024 was widely viewed as a key update that would break the 4-year cycle. But key metrics now point towards Cowen’s stance. Will Bitcoin…

Coinbase CEO Brian Armstrong has pushed back against the notion that the cryptocurrency industry’s contributions to global financial inclusion are being overlooked. In a recent post on X, Armstrong argued that digital assets have played a pivotal role in bringing financial services to underserved populations, a point he says is often missing from mainstream discussions. Stablecoins and Dollar Access Armstrong highlighted the impact of stablecoins, noting that they have effectively brought the U.S. dollar on-chain. This allows anyone, regardless of location, to hold a currency with lower inflation potential and transfer funds at any time for a fraction of a…

Whale Alert announced the burning of 8 million $FRAX tokens, an action that equates to approximately 7,890,704 USD. This significant reduction in supply could have various implications for the $FRAX ecosystem and its stakeholders. You can view the official announcement here. What Went Down Traders scanning the order books got a surprise when Whale Alert reported the burning of 8 million $FRAX tokens. This event is particularly noteworthy as it directly reduces the circulating supply of the token. Such a move can lead to increased scarcity and potentially influence demand dynamics. The broader crypto market is currently exhibiting mixed signals,…

India’s cryptocurrency market is set to nearly quadruple in size over the next eight years, from an estimated $3.61 billion in 2026 to $14.21 billion by 2034, according to IMARC Group. That works out to a compound annual growth rate of roughly 18.7%. On paper, that’s an impressive trajectory. But the number itself tells only a fraction of the story. The more interesting question is what’s actually fueling this growth, who is driving it, and whether India’s regulatory and tax framework is built to handle a market four times its current size. Who’s Behind the Growth India already leads the…

Kraken clients holding any of 21 delisted tokens face a 14:00 UTC deadline on Aug. 27, when the exchange’s general withdrawal window closes; remaining balances will then move toward automatic liquidation. The exchange plans to liquidate remaining balances between Sept. 1 and Sept. 5 based on prevailing market conditions, according to its delisting notice. For balances left on the exchange, that removes holders’ control over when the assets are sold. The liquidation could also leave some with little or nothing because Kraken warned that several affected tokens have limited or inactive markets. What holders of delisted tokens need to know…

The Bitcoin market continues to take a hit, and investors both big and small are heavily feeling the ongoing market pressure, which has caused its price to drop to $61,000. The amount of $BTC in profit territory is steadily dropping following the recent decline in price, putting the market in a more bearish condition. Supply In Profit Contracts Amid Waning Bitcoin Price Action With a substantial fall in the percentage of circulating supply held in profit, Bitcoin is nearing a turning point. After the sharp decline, crypto analysts suggest that the market is drawing closer to what they describe as…