Author: NBTC
Tokenized Treasury products of BlackRock-Securitize, Superstate and Centrifuge are poised to receive allocations from $1 billion investment plan initiated by Sky, formerly MakerDAO, an initiative designed to accelerate the adoption of real-world asset (RWA) tokenization on Sky-adjacent decentralized finance (DeFi) lending platform Spark. BUIDL, issued by BlackRock and Securitize and backed by U.S. Treasury bills and repurchase agreements, is set to receive $500 million allocation. Superstate’s USTB will get a $300 million. Centrifuge’s JTRSY, a T-bill fund in partnership with asset managers Anemoy and Janus Henderson, set to receive $200 million. The selection process saw 39 applicants evaluated by advisory…
OpenAI CEO Sam Altman has unveiled the company’s roadmap for its upcoming AI models, GPT-4.5 and GPT-5. The announcement demonstrates an effort to simplify OpenAI’s product offerings and enhance user experience amid mounting competition. Open AI CEO Reveals New AI Models In a post on X, Altman revealed the company’s plans for new AI models, focusing on simplifying product offerings. “We want AI to ‘just work’ for you; we realize how complicated our model and product offerings have gotten. We hate the model picker as much as you do and want to return to magic unified intelligence,” he wrote. According…
This is a segment from the Empire newsletter. To read full editions, subscribe. The SEC has spoken: Certain mining activities — specifically proof-of-work mining, a key element of bitcoin — don’t fall under US securities rules. “It is the Division’s view that participants in Mining Activities do not need to register transactions with the Commission under the Securities Act or fall within one of the Securities Act’s exemptions from registration in connection with these Mining Activities,” the SEC said in a statement yesterday. The prevailing sentiment about the news: hooray for clarity! “This announcement is another indication that the SEC…
Chinese electric car company Zeekr is integrating Minima’s blockchain to enable a tokenized system for secure charging station reservations. Minima, a decentralized blockchain network, is collaborating with European arm of Chinese electric car maker Zeekr to launch a charging solution that could expand access to charging stations. In a press release shared with crypto.news, Minima said the system could help address infrastructure gaps by allowing EV owners to share their wallboxes through a blockchain-powered booking system. Minima’s blockchain is said to be integrated into Zeekr wallboxes, allowing owners to make their chargers available for booking. Zeekr drivers would be able…
Prominent crypto analyst apsk32 asserts that Bitcoin is following its historical trend despite recent market concerns. Towards the end of 2024, the sentiment in the crypto market could be summed up in two words: “up only,” as Bitcoin kicked off a blistering run on President Donald Trump’s election victory that saw it soar past the long-desired $100,000 price point. With the turn of the new year, though, market sentiment has quickly soured. As Bitcoin bounces between the $100,000 and $90,000 price point for weeks, fears that the asset may have already peaked this cycle are taking root. Still, most analysts…
Strategy (MSTR) Tuesday morning unveiled its latest twist at raising funds from capital markets to fund additional bitcoin (BTC) purchases, but there are indications the Wall Street spigot is slowing. The company’s Perpetual Strife Preferred Stock (STRF) offers a fixed 10% annual cash dividend, paid quarterly, according to an SEC filing If dividends are unpaid, they compound at an additional 1% per year (quarterly), up to a maximum of 18%. The first dividend payment is scheduled for June 30, 2025. Strategy’s initial preferred series (STRK) initially offered only an 8% interest rate. And Strategy’s series of convertible debt offerings came…
Due to a number of planned advancements in the BNB Chain’s 2025 roadmap, BNB has surpassed SOL to become the fifth largest cryptocurrency by market cap. In the past 24 hours, BNB’s market capitalization has risen by 12% to $104 billion, while Solana’s has decreased by 0.1% to $95 billion. Additionally, on-chain metrics have improved. Transaction fees have increased by 115% in the past week due to a rise in user activity on BNB Chain. This stands in stark contrast to other blockchains where fees have declined, such as Solana, Ethereum, and Base. The surge in BNB’s price and user…
Recently, Ripple, a San Francisco-based cross-border payments crypto company, declared victory in its legal battle against the U.S. SEC. After nearly four years of legal strife between the regulator and Ripple, the case was closed and the SEC dropped its appeal, with Ripple being fined $125 million and XRP being recognized as a nonsecurity. Ripple’s cross-appeal is still pending, however, and the cryptocurrency market is sure to hear more about this legal battle. But for the most part, it is over. For some advocates of cryptocurrency, and Bitcoin in particular, the legal fact that XRP is not a security is…
Orochi Network, the pioneer platform offering verifiable data infrastructure, has announced its ecosystem expansion. As per Orochi Network, it has broadened the decentralized data as well as randomness solutions thereof to 49 blockchains, indicating a remarkable growth plan. This expansion fortifies data accuracy along with trustless randomness within its ecosystem. 🐉 Orochi Network Expands Data and Randomness Solutions Across 49 Blockchains—strengthening data accuracy and trustless randomness throughout the ecosystem. 🔻 Orand – a verifiable randomness beacon for trustless applications.🔻 Orocle – a decentralized oracle ensuring… pic.twitter.com/7F2rhUJd6R — Orochi Network (@OrochiNetwork) March 20, 2025 Orochi Network Drives Ecosystem Growth with Expansion…
The State of Wyoming could expand its pro-Bitcoin agenda while local authorities assess stablecoin issuance and reserve laws. The Wyoming Highway Patrol Association has adopted the “Get Off Zero” initiative by Proof of Workforce, a nonprofit entity focused on Bitcoin (BTC) education and adoption for workers, unions, pensions, and municipalities. By onboarding the program, the association could become the first state law enforcement labor union to hold BTC on its balance sheet. You might also like: News Wyoming proposes Bitcoin investments for state funds While it remains unclear how much Bitcoin the Wyoming Highway Patrol Association may accumulate, the decision…