Author: NBTC

Circle minted around $5 billion worth of $USDC over the past week, according to on-chain data. This comes in when the demand for dollar-backed stablecoins continues to grow. The surge in issuance has caught traders’ attention because large $USDC mints can signal that more liquidity is preparing to enter crypto markets. However, the process of gross minting does not necessarily imply that $5 billion worth of new dollars instantly went into circulation. In fact, Circle uses pre-mint addresses on Solana, where $USDC can be created and kept before being allowed into circulation. In any event, the process occurs against the…

Armada Acquisition Corp. II, the SPAC seeking to take $XRP treasury operator Evernorth Holdings public, has borrowed $135,000 from Arrington $XRP Capital Fund. Arrington is both Armada’s sponsor and the subscriber behind a major $XRP commitment to the transaction. The unsecured note was signed July 27 and drawn July 31. Its proceeds may be used for ordinary administrative expenses, and Armada can seek more funding subject to Arrington’s discretion. The note matures when the business combination closes or terminates, whichever comes first. The disclosed use and terms are consistent with a working-capital bridge for the SPAC process and do not,…

Bernstein analysts expect “aggressive and swift” rulemaking from the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), after the Digital Asset Market Clarity (CLARITY) Act failed to pass a Senate cloture vote on Tuesday. Bernstein analysts said the regulatory agencies will publish new regulations to “make up for the time lost negotiating the CLARITY Act,” in a Wednesday note shared with Cointelegraph. The analysts said they expect agency regulations including token taxonomy for raising capital, developer protection measures concerning decentralized finance and self-custodial protocols, innovation exemptions for equity tokenization, faster approval times for real-world asset perpetual…

Upbit has delayed the start of JPYC trading by three hours on Sept. 17, moving the yen-backed stablecoin’s scheduled launch from 12:00 p.m. to 3:00 p.m. KST across its KRW, $BTC and $USDT markets. Upbit said in its Sept. 17 listing notice that the original support plan covered both JPY Coin (JPYC) and PayPal USD ($PYUSD), with trading initially set to begin at noon. The exchange updated the notice at 11:50 a.m. KST and changed only JPYC’s start time. Upbit did not give a specific reason for the delay in that update. At 1:58 p.m. KST, the latest public update…

Allfunds Blockchain has announced its decision to utilize Solana for fund distribution, a move that showcases the network’s robustness and scalability. Ruben, the Managing Director at Allfunds, highlighted that Solana’s technology can support significant business scales, indicating a growing confidence in its capabilities. This decision may pave the way for increased adoption of Solana in institutional finance and fund management sectors. For further details, see the source. The Latest As the crypto market evolves, Allfunds Blockchain’s choice to adopt Solana for fund distribution stands out. Solana’s infrastructure is well-known for its high-speed transactions and low costs, making it a favorable…

Cryptocurrency investor and analyst Lark Davis assessed the support levels to watch should Bitcoin decline further. Davis stated that Bitcoin could initially find support around $73,000, and if this area is lost, the level around $67,000 could come into play. Davis shared his assessment of Bitcoin’s short-term outlook via X. According to the analyst, market weakness may persist for some time due to factors such as developments regarding cryptocurrency regulations in the US and the Federal Reserve’s interest rate hike. The first technical level Davis highlighted was the 200-day exponential moving average (EMA), located at approximately $73,000. The analyst stated…

Macro expert Dr. Jim Willie laid out a sweeping, speculative theory connecting $XRP to global reserve currency status, big bank adoption, and the IMF’s Special Drawing Rights basket, though none of the claims he made are independently verified. The SDR Theory Willie argued $XRP could eventually join the IMF’s Special Drawing Rights basket, currently composed of the dollar, euro, yen, Swiss franc, pound, and yuan. He went further, claiming $XRP “had its origins under the BlackRock roof,” though he offered no documentation for that claim beyond stating it directly. He also referenced what he described as IMF documents suggesting $XRP…

Cardano founder Charles Hoskinson says the U.S. Senate’s failure to advance the Digital Asset Market Clarity Act (CLARITY Act) confirmed his prediction. For context, during the Senate’s September 15, 2026, procedural vote, the bill fell short of the 60 votes needed to advance. All Democrats and four Republicans voted against the measure. Following the vote, Hoskinson briefly reiterated his earlier warning, stating, “As predicted.” He had made the prediction days earlier during his Devs versus Builders livestream, where he argued that the cryptocurrency industry had weakened its political standing by becoming increasingly associated with celebrity-themed tokens, meme coins, and speculative…

Goldman Sachs is deepening its institutional involvement with Hyperliquid, as shared by $PURR CEO David Schamis. Initially met with skepticism, Goldman has since published research on Hyperliquid and engaged with around 20 investors, including Point72 and Citadel. This expanding interest signifies a notable shift, emphasizing a trend towards active research and platform usage, rather than mere exposure. The Story So Far The current crypto market shows mixed signals, with varying momentum across major assets. Hyperliquid’s rising profile comes at a time when institutional investors are increasingly looking for innovative trading platforms. The recent interest from Goldman Sachs suggests a potential…

Bitwise CIO Matt Hougan stated that the upward trend in Bitcoin’s price could continue as long as debt-related concerns do not ease. Hougan supported his assessment with a chart he shared on social media platform X, highlighting the relationship between market developments and Bitcoin’s performance. According to Hougan’s chart, between July 1st and September 15th, the probability of the US Clarity Act being passed this year dropped from 39% to 18% in the Polymarket. During the same period, the price of Bitcoin increased by 38%. The data reveals that expectations regarding regulatory developments in the cryptocurrency market are not aligning…