Author: NBTC

Federal Reserve Governor Michelle Bowman issued a stark warning to the digital asset industry Tuesday, telling lawmakers that the implementation phase of the GENIUS Act is imminent. In a prepared testimony for the House Financial Services Committee, Bowman signaled that the central bank is finalizing a strict supervisory framework that will force stablecoin issuers to compete on a level playing field as traditional lenders. Related: Feds Governor Foresees Continued Pause With Interest Rate Cuts in 2024 Fed Sees Need for Coordination Across Agencies Bowman told legislators that her mandate is to support responsible innovation while strengthening supervision of risks arising…

BlackRock is not holding back on its rapid Ethereum-selling streak, even despite the massive crypto market resurgence witnessed over the last day. Data from on-chain monitoring firm Lookonchain has revealed another huge Ethereum deposit from the firm. Amid the strong crypto price rebounds, BlackRock has again moved a massive 44,140 ETH, worth about $135.36 million, to Coinbase Prime in a suspected sell-off attempt on Wednesday, December 3. The latest Ethereum deposit from BlackRock has happened in four batches of 10,000 ETH and a single 4,140 ETH transfer, bringing the total amount of ETH deposited today to 44,140. While the move…

Odds of a December quarter-point rate cut have marched sharply higher this Thanksgiving, with prediction markets and rate-tracking tools showing traders are almost fully convinced the Federal Reserve will trim its benchmark. December 25bps Cut Now Dominant Market Bet Ahead of Fed Meeting Prediction platforms are now lighting up with overwhelming confidence in a 25-basis-point cut, turning what was once a cautious lean into something close to a holiday certainty. Polymarket’s primary contract shows an 84% chance of a 25-bps cut, up from 66% just five days ago. The platform’s alternate market—tracking policy decisions paired with Fed dissents—places a 25-bps…

Coinbase Chief Legal Officer Paul Grewal formally declared the end of “Operation Choke Point 2.0” Tuesday, crediting the Trump administration’s aggressive deregulation strategy for reopening the U.S. banking system to digital asset firms. Grewal’s statement validates the industry’s view that the banking blockade era has been superseded by a new mandate for institutional integration. “While digital assets were the target of Operation Choke Point 2.0, ‘any legal American industry could be next if regulators continue to use banking services as a political weapon ….. But I appreciate their work to document these abuses so that they never happen again,” Grewal…

Ethereum price has climbed over 13% since December 1, helped by a broader market recovery and growing optimism ahead of today’s Fusaka upgrade, which improves how efficiently the network processes transactions. ETH is still down more than 17% over the past month, but the recent bounce and several technical signals look similar to what happened just before the Pectra upgrade in May 2025, when Ethereum rallied 56% in seven days. The question now is simple: can Fusaka trigger that kind of move again? Conditions Look Similar to Pectra — And Big Buyers Are Returning During the Pectra phase (May 6–13),…

Kyrgyzstan has officially launched USDKG, a gold-backed stablecoin pegged 1:1 to the USD, with an initial issuance of $50 million, according to PR shared with crypto.news. Summary USDKG is pegged 1:1 to the U.S. dollar and fully backed by gold reserves. State-owned issuer aims to expand reserves to $500 million and later $2 billion. The project marks Central Asia’s first state-supervised, gold-backed digital currency. USDKG is built on the Tron blockchain and audited by ConsenSys Diligence, with future support planned for Ethereum. Tokens are issued by a state-owned company under the Ministry of Finance, OJSC Virtual Asset Issuer. However, it’s…

Ethereum has rolled out its Fusaka upgrade, a major step that lets the network handle more transactions while prioritizing safety and decentralization. Fusaka centers on EIP-7594: PeerDAS (Peer Data Availability Sampling), a system that enables Ethereum nodes to verify that block data is complete without downloading everything. This increases the network’s capacity while keeping it safe and decentralized. Ethereum – the world’s largest smart contract blockchain with a total value locked (TVL) of over $73 billion in decentralized finance (DeFi) – processes 1.3 to 1.8 million transactions per day, according to Etherscan data. ETH is up 5% over the past…

South Korea is fast approaching a turning point in its regulation of digital assets as lawmakers and financial authorities are reportedly working on a plan to restrict the issuance of Korean-won-pegged stablecoins to consortia in which commercial banks hold a majority stake. The plan, which was reportedly discussed in a closed meeting that involved lawmakers from the ruling Democratic Party of Korea (DP), officials from the Financial Services Commission (FSC), and representatives of the banking industry on December 1, comes as part of the ongoing effort to enact a comprehensive Digital Asset Basic Act, which will regulate stablecoins and other…

Ethereum activated its highly anticipated “Fusaka” upgrade on Wednesday, marking the blockchain’s second major code change of 2025. The update is designed to help Ethereum handle the increasingly large transaction batches coming from the layer-2 networks that settle on top of it. The Fusaka upgrade, also sometimes called a “hard fork”, was triggered at 21:49 UTC and is expected to finalize within roughly 15 minutes, after which developers will know whether the change has landed smoothly. Many of the core developers were gathered to celebrate the occasion on the EthStaker livestream. Fusaka – a blend of the names Fulu +…

U.S. crypto asset manager Bitwise says most digital asset treasury (DAT) companies are likely to be taken over by bigger players as the sector starts to shrink. In an X post on Nov. 24, Bitwise CEO Hunter Horsley suggested that it’s still early days for DATs and that they’re on track to become operating companies that will “acquire and consolidate” smaller private crypto firms. The X post was in response to Bitwise chief investment officer Matt Hougan’s Nov. 23 thread in which he said size will ultimately determine which DATs survive. Larger firms can issue debt, lend crypto, access deeper…