Author: NBTC

Investment bank HSBC said S&P Global Ratings’ decision to cut Tether’s reserve assessment to weak is a reminder that stablecoins carry an embedded “de-pegging” risk that doesn’t apply in the same way to other forms of tokenized money. The core issue is straightforward: if holders rush to redeem, a stablecoin issuer needs reserves that are unquestionably liquid and low-risk, or the token’s price can wobble away from its intended peg, analysts Daragh Maher and Nishu Singla said in the Monday report. Stablecoins are cryptocurrencies pegged to assets like fiat currencies or gold. They underpin much of the crypto economy, serving…

SEC member Hester Peirce shared her assessments regarding cryptocurrency law, regulations, and tokenized stocks. Peirce explained that creating a clear and workable legal framework for the cryptocurrency market is a long and difficult process, but said that the crypto market structure bill progressing in Congress provides an important foundation in this regard. Peirce, recalling his previous experience in the Senate, pointed out that drafting and passing such comprehensive legislation through consensus is extremely difficult. Nevertheless, he stated that the bill was positive in that it provided a foundation upon which regulations could be built. One of the most debated topics…

Nifty Gateway, the non-fungible token (NFT) trading platform that was once central to the 2021 digital art boom, will shut down on Feb. 23, 2026. Starting immediately, the platform has entered withdrawal-only mode, giving users one month to move any NFTs or funds still on the site, according to an announcement from the company. The website also shows a notice of closing on its homepage. Users can withdraw their funds from the platform through a connected Gemini Exchange account or to their bank via Stripe. Nifty website shutdown notice (Nifty) The Gemini-owned platform helped bring digital collectibles to a broader…

Cryptocurrency analytics company MakroVision has shared its assessment of the current technical outlook for Ethereum (ETH). According to the analysis, while the Ethereum price has touched the lower green trendline again, an upward breakout has not yet occurred. MacroVision argued that the current recovery is more of a correction than a strong and momentum-driven rise, and that weakness persists in the market. The company’s assessment highlighted that the short-term outlook is at a critical juncture. Accordingly, the orange support zone between $2,810 and $2,880 is currently the most important level on the chart for Ethereum. If the ETH price remains…

IREN has now locked in $3.6 billion of fresh capital across two transactions that both priced this week. Approximately $1.6 billion came from a registered direct equity sale of 39,699,102 shares at $41.12, expected to close on Dec. 8.In addition, $2.0 billion came from the pricing of its new convertible debt package, split between $1 billion of 0.25% notes due 2032 and $1 billion of 1% notes due 2033. Shares fell 15% Tuesday on the announcement of the capital-raising efforts and are modestly higher in early action Wednesday following the sale’s pricing. After a massive climb this year, IREN is…

The US Senate’s crypto market structure bill must be passed quickly while lawmakers can still cut deals to advance it, but it will require concessions, says a top White House crypto advisor. “There *will* be a crypto market structure bill — it’s a question of when, not if,” Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets, said on Tuesday. “Assuming a multi-trillion-dollar industry will continue to operate indefinitely without a comprehensive regulatory framework is pure fantasy,” he added. The Senate is looking to pass laws defining how the Securities and Exchange Commission and the…

Ethereum has taken a sharp turn after facing a firm rejection at the $3,220 level, with price breaking structure and slipping into a weaker posture. The speed of the drop and lack of strong buying interest raise an important question for traders: Is this merely an early warning sign within a broader uptrend, or the start of a deeper distribution phase that could pressure ETH further in the near term? Rejection At $3,220 Signals Distribution, Not A Shakeout Crypto analyst PEPE is Friend highlighted that Ethereum’s sharp rejection at the $3,220 level was deliberate rather than random. The drop was…

Luana Lopes Lara, co-founder of the prediction market Kalshi, has become the youngest female self-made billionaire after her company announced a fresh $1 billion funding round Tuesday. The raise, led by crypto-focused venture firm Paradigm, valued Kalshi at $11 billion and drew participation from Sequoia Capital, Andreessen Horowitz and Y Combinator. At 29, Lopes Lara overtakes previous titleholder Lucy Guo of Scale AI and pop icon Taylor Swift, who briefly held the distinction earlier this year. Lopes Lara, born in Brazil and a computer science graduate of MIT, co-founded Kalshi in 2019 with Tarek Mansour, who also now joins the…

A brewing political fight over stablecoin yields threatens to derail long-awaited US crypto market structure reform. Recent developments expose deep divisions among banks, crypto firms, and policymakers over who benefits most from the next phase of financial regulation. Stablecoin Yield Showdown Stalls US Crypto Market Reform At the center of the dispute is whether crypto platforms should be allowed to offer rewards or yield on stablecoins. Galaxy CEO Mike Novogratz warns that opposition from the banking lobby could sink the broader legislative effort altogether, even as existing law already permits certain forms of stablecoin yield. “The dynamics of yield in…

Ethereum shows potential for reversal with mixed momentum indicators and tokenization dominance signaling strength. Ethereum (ETH) has seen a modest 1.1% increase in the past day, currently trading around $3,011.90. The price action has seen significant intraday fluctuations, with Ethereum testing a daily range between $2,872.06 and $3,052.58. This movement shows a recovery trend, as the price surged from a low of $2,872 yesterday to hit the daily high of $3,052. However, some resistance formed near the $3,050 mark while the price held steady above $3,000, making it a crucial support zone. Ethereum’s longer-term performance also shows a positive upward…