Author: NBTC

South Korea’s Shinhan Financial Group has signed a strategic agreement with Visa to build stablecoin payment infrastructure while expanding its work into AI-powered payments and business transactions. Shinhan Financial Group said Wednesday that the partnership will initially focus on testing the infrastructure needed to issue, transfer and redeem stablecoins using Visa’s existing stablecoin technology, with the two companies also planning to design a model suited to South Korea’s financial system. Shinhan Visa stablecoin partnership puts infrastructure first Under the agreement, Shinhan and Visa will examine how stablecoins can be integrated into financial services operated by the Korean group, moving beyond…

Cardano founder Charles Hoskinson has called on $ADA holders to unite behind efforts to restore the cryptocurrency’s competitive edge and return it to a winning position. Speaking during his latest livestream, which primarily focused on Blockfrost before expanding to broader Cardano ecosystem issues, Hoskinson compared the network’s current state with where it stood in 2024. Hoskinson Vows to Get $ADA to Winning Again He argued that Cardano is significantly stronger from a technological standpoint today than it was two years ago. However, he acknowledged that the project’s market position, brand strength, and industry reputation have deteriorated over the same period.…

Spain’s National Securities Market Commission (CNMV) president, Carlos San Basilio, thinks the EU’s regulation on distributed ledger technology (DLT) is restrictive. According to Basilio, the current EU DLT regulatory ecosystem focuses more on testing than on growth. Basilio made the statement while speaking at the 9th edition of the ‘Digital Assets’ Forum organized by ‘El Confidencial’. He noted that DLT use in the region is marginal, citing only five firms registered under the current EU DLT system, one of them being Spanish. Basilio further noted that the EU’s regulatory framework caps the total market value of tokenized instruments on a…

Cumberland has begun selling $PONS after a two-week accumulation period, according to a recent tweet by @lookonchain. The firm withdrew 17.64 million $PONS from Gate at an average price of $0.67, then deposited 1.5 million $PONS back into the exchange. This shift could signal changing dynamics in trader sentiment as the broader crypto market shows mixed signals. What Happened The crypto market remains in flux, with varying momentum across major assets. Cumberland’s recent actions could reflect a broader trend among traders. Over the past two weeks, the firm has been actively acquiring $PONS, and its latest move to sell indicates…

$NEAR Protocol has made waves by announcing that its $NEAR Intents platform has settled over $30 billion in cross-chain volume. This significant milestone includes more than $1 billion in the past week alone, showcasing the platform’s rapid growth and adoption. As the decentralized finance landscape evolves, such capabilities could transform the on-chain economy, making it crucial for market participants to pay attention to these developments. Source Breaking It Down The recent announcement from $NEAR Protocol highlights a notable increase in cross-chain transactions, reflecting strong user engagement and network activity. The protocol has achieved an all-time daily high of $300 million…

Bitfinex provided critical insights into the recent dynamics surrounding Bitcoin’s price movement, specifically noting that Bitcoin broke its 24-day range, closing at $75,702, down 3.2%. On the same day, ETFs sold $450.4 million worth of Bitcoin. This commentary underscores the growing institutional interest and could signal future market behavior. Read more here. The Story So Far The recent analysis from Bitfinex sheds light on significant movements in Bitcoin’s price and ETF activity. Despite the price drop, traders have been increasing their long positions, which is contrary to the typical behavior witnessed during capitulation events. This behavior suggests underlying confidence among…

City Protocol, a provider of on-chain structured products infrastructure, has raised $11 million in a combined seed and pre-Series A funding round. The company announced the investment on Wednesday, with participation from Dragonfly Capital, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, and Mirana. What City Protocol Does City Protocol is developing structured products on blockchain through an integrated infrastructure that supports issuance, operations, and underwriting across three layers: a tokenization layer, a vault layer, and an issuance and operations layer. The company says this approach aims to streamline the creation and management of blockchain-based financial products, making them more accessible…

A new review of blockchain data has revealed a link between the Shiba Inu deployer and the wallet that later launched the Shibinhood (WOOF) token on Robinhood Chain. The on-chain records show two separate transaction paths that both end at the same wallet, which some market commentators have used to discuss the possible relationship between the two projects. The original Shiba Inu deployer wallet, 0xB…A08, launched the $SHIB token in August 2020. Etherscan identifies this address as the Shiba Inu deployer. Today, it holds more than $7.5 million in assets across five blockchain networks, including around 50 million $SHIB. Meanwhile,…

A House crypto tax overhaul would raise an estimated $500 million while easing taxes on stablecoin payments and small fees. The House Ways and Means Committee is scheduled to consider H.R. 10357, the Digital Asset Tax Certainty Act, on Sept. 16, putting a broad rewrite of digital-asset taxation before lawmakers after months of negotiations over how closely crypto should be treated like traditional financial assets. The Joint Committee on Taxation estimates the legislation would increase federal receipts by about $500 million net from fiscal 2027 through 2036, after accounting for provisions that both raise and reduce government revenue. The package…

JUICED has announced significant changes regarding its Loop feature, set to retire by the end of September. According to a tweet from @JupiterExchange, borrow limits will be reduced to stop new looping, and incentives associated with the Loop will conclude. Users with active JUICED loops are advised to close them before the deadline to avoid additional fees. This shift could impact user engagement and liquidity within the JUICED ecosystem. Breaking It Down The broader crypto market is currently experiencing mixed signals, and JUICED’s Loop sunset adds to the evolving landscape. This announcement comes as users face new borrowing limits and…