Author: NBTC

Patrick Witt, who was appointed as the White House cryptocurrency advisor after Bo Hines resigned from his position to join Tether, made new statements. Speaking at the South Korea Blockchain Week 2025 conference, the White House advisor stated that the strategic Bitcoin (BTC) reserve and the market structure bill are priority targets for the crypto committee. Witt stated that work is ongoing and that he expects the crypto market restructuring bill to be passed by the end of 2025. Witt stated that this bill aims to provide a secure and transparent environment for cryptocurrency transactions. Witt added that the House…

XPL, the native token of the layer‑1 blockchain project Plasma, is set to be listed on multiple exchanges, including Binance and OKX, later today. Summary Plasma’s XPL token is set to be listed on multiple exchanges, including Binance, OKX, and Bybit, later today. Around 175 million XPL tokens have been earmarked for airdrops to community members. Prominent investors such as Peter Thiel and Paolo Ardoino backed the project during its earlier stages. In a recent announcement, Binance said its Alpha platform will be the first platform to feature the XPL token on Sep. 25. Shortly following the listing on the…

One of the best traders in Hyperliquid, a blockchain that is designed to facilitate high-speed financial transactions, has gone on to open a huge short against Ethereum (ETH). The trader recently added another fresh 15000 short at 4536.30 making the total short exposure 62.19 million according to Whale Watch Perps on X. Their average entry price in all their positions stands at 4569.12. Why It Matters Ether is currently around 4,530, and is valued at above half a trillion. It has gained a relative stability since its recent upgrades including EIP-1559 that has been burning over 2.3 million ETH since…

Michigan-based mortgage lender LitFinancial on Wednesday debuted its U.S. dollar stablecoin, dubbed litUSD, on the Ethereum blockchain as the digital dollar movement is expanding beyond crypto natives. The firm said it plans to use the token to cut funding costs and improve treasury management operations, while also exploring on-chain settlement of mortgage payments. That shift could allow loan performance to be tracked publicly, potentially reshaping liquidity in the secondary mortgage market. Stablecoins, cryptocurrencies with prices anchored to fiat money like the U.S. dollar, are quickly growing in popularity as an alternative for payments, promising faster, cheaper transactions using blockchain rails.…

In a pivotal development for the U.S. financial markets, the Securities and Exchange Commission (SEC) has approved rule changes by three national securities exchanges, Nasdaq, NYSE Arca, and Cboe BZX. These changes introduce generic listing standards for Commodity-Based Trust Shares, including those backed by spot digital assets. This move marks a shift in the regulatory approach toward exchange-traded funds (ETFs) that hold physical commodities, particularly cryptocurrencies. The approval enables qualified products to be listed and traded without needing a separate rule change filing under Section 19(b) of the Exchange Act, potentially shortening timelines for product approvals. Exchanges Allowed to List…

GCEX Group has acquired GlobalBlock, a crypto brokerage specializing in wealthy clients with more than $60 million in assets under management. The deal pushes GCEX beyond its core over-the-counter trading business into wealth management services for high-net-worth individuals. GlobalBlock’s client base adds to GCEX’s existing institutional trading platform, which already serves professional traders across multiple jurisdictions. GCEX operates under licenses from the UK’s Financial Conduct Authority, Denmark’s Financial Supervisory Authority, and Dubai’s Virtual Assets Regulatory Authority. The company plans to use these regulatory approvals to speed up client onboarding for GlobalBlock’s wealth management customers. Firms Combine Technology Platforms GlobalBlock brings…

Ethereum (ETH) founder, Vitalik Buterin, has shared his views on the ongoing debate about how to reduce the blockchain’s bloated data storage. Buterin’s view came as a response to support for a thread on X supporting state expiry. Vitalik Buterin Rejects Expiry, Proposes Partial Node Solution For context, ‘Ethereum’s state’ refers to all the data needed to keep track of account balances, token ownership, smart contract storage, and the rest. Over the years, the state has grown with the creation of more accounts and contracts. The amount of resources required to maintain the state continues to soar, and it is…

While the FED has been pausing interest rate cuts since January, a rate cut is now considered inevitable. At this point, it seems certain that the FED will not cut interest rates at next week’s meeting. While it is unlikely that interest rates will remain unchanged, a 25 basis point cut by the FED is priced at 88.1 percent, and a 50 basis point cut is priced at 11.9 percent. While the Fed is expected to continue cutting interest rates from now on, Wells Fargo predicted that the Fed will cut interest rates five times by June 2026. Wells Fargo…

The Georgia Senate race is already one of the most closely watched contests amid the upcoming midterms. Democrat incumbent Jon Ossoff has begun to defend his seat tooth and nail as crypto financing money starts pouring into rival Republican Mike Collins’ campaign. Despite the primary elections being eight months away, Collins’s Senate PAC has already raised nearly $746,000. Prominent contributors include the Winklevoss twins, Elon Musk, SpaceX, and the American Israel Public Affairs Committee (AIPAC). A Tale of Two Campaigns Similar to the last federal election cycle, crypto political action committees (PACs) are already noting which candidates support their agenda.…

Key Takeaways Robinhood is adding WLFI, a deflationary token from Trump-backed World Liberty Financial, to its US trading platform. WLFI is designed to bridge traditional and decentralized finance, trading at $0.2 with a $5.4 billion market cap despite a 37% price drop since launch. Robinhood is listing the WLFI token on its US trading platform. WLFI is the deflationary token from World Liberty Financial, a Trump-backed DeFi project that aims to bridge traditional finance with decentralized finance. The token currently trades at around $0.2 with a market cap of $5.4 billion. WLFI’s price has declined about 37% since launch. World…