Author: NBTC

U.S. stocks moved lower as Wall Street opened on a negative footing following last week’s bounce to record highs, with the focus shifting from the Federal Reserve’s Jackson Hole symposium to Nvidia’s earnings coming up this week. Summary Dow opened 90 points down as Wall Street began the week on a negative footing. Bitcoin mirrored stocks’ action and dropped to near $111k. Corporate earnings are in focus, including Nvidia. The Dow Jones Industrial Average opened 90 points lower, and the S&P 500 shed 0.2%, as the blue-chip and benchmark indexes retreated from highs seen at the close on Aug. 22.…

Billionaire heiress Taylor Thomson reportedly lost over $80 million in digital assets after following investment advice linked to a psychic. According to a Wall Street Journal (WSJ) report on Monday, Thomson, who’s part of the family behind the media and financial giant Thomson Reuters, invested millions in crypto assets with the help of her former best friend, Ashley Richardson. The move came after both women reportedly consulted a celebrity psychic and other spiritual advisers. Richardson became deeply involved in Thomson’s crypto portfolio. During the 2021 bull run, Richardson reportedly managed over $140 million in crypto for Thomson across multiple wallets.…

Coinbase backs UK petition urging stablecoin rules and blockchain adoption. Petition tops 5K signatures; 10K triggers government reply, 100K a debate. Supporters warn UK risks falling behind without clear crypto strategy. A public petition urging the United Kingdom to adopt a pro-innovation strategy for blockchain and stablecoins has gathered momentum after crypto exchange Coinbase rallied its users to support the initiative. The petition, which has been live on the UK government’s website since July, calls for a comprehensive framework covering stablecoin regulation, blockchain adoption, and the appointment of a blockchain “czar.” While it initially gained little attention, interest accelerated this…

China, known for its strict bans on Bitcoin (BTC) and cryptocurrencies, is considering introducing new bans. At this point, according to the news of Chinese local news agency Caixin, it has been reported that the Chinese government will restrict the stablecoin and cryptocurrency businesses of internet giants, central state enterprises and branches of state financial institutions in Hong Kong. It was stated that these bans would require these entities to prioritize the development of the real economy. Beijing has instructed these entities to prioritize the development of the real economy over virtual asset ventures. According to Caixin, the Chinese government…

Despite a late-week dovish signal from Fed Chair Powell that spurred a $594 million rebound, crypto funds still bled $1.43 billion overall. The outflows, however, were not uniform, revealing a divergence in investor confidence between major assets. Summary Crypto funds saw $1.43 billion in outflows last week, the largest since March, amid Fed policy concerns. Bitcoin bore the bulk of the selloff with $1 billion in redemptions, while Ethereum limited outflows to $440 million. Exchange-traded product volumes surged to $38 billion, signaling active institutional repositioning. According to the weekly report from CoinShares Head of Research James Butterfill, the substantial capital…

London — Input Output (IO), the blockchain infrastructure and research firm best known as the driving force behind Cardano, has officially joined CryptoUK, the leading trade association for the UK’s digital asset industry.—CryptoUK, founded in 2017, represents more than 100 organizations — from exchanges and custodians to payment providers, law firms, and fintechs. The group works to position the UK at the forefront of global crypto innovation, advocating for transparent, proportionate regulation and the highest standards of consumer protection. It also serves as secretariat to the Crypto and Digital Assets All-Party Parliamentary Group (APPG), helping to create informed dialogue between…

Leaders of the crypto industry want to raise another $1 billion to sell even more solana (SOL) treasury stock, despite a terrible track record of delivering returns to shareholders. Jump Crypto, Galaxy Digital, Multicoin Capital, and Cantor Fitzgerald have secured an endorsement from the Solana Foundation to work on a share sale using the largest quantity of SOL on any public company’s balance sheet. If the deal finalizes, their new public company would outrank the largest publicly traded SOL treasury, Upexi. The arc of Upexi’s stock is similar to the stock of all other major SOL treasury companies: down. On…

This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. A coalition of the world’s leading stock exchanges has urged regulators to crack down on tokenized stocks, warning that blockchain-based assets could threaten investor protection and market stability. In a letter sent on August 22 to the U.S. Securities and Exchange Commission’s Crypto Task Force, the European Securities and Markets Authority, and the International Organization of Securities Commissions’ Fintech Task Force, the World Federation of Exchanges (WFE) said tokenized equities mimic shares without conferring legal ownership or shareholder rights. Reuters, which reviewed the…

Buried beneath yesterday’s tragedies was some groundbreaking financial news: the CFTC Chairman nominee and Head of Policy for a16z crypto, Brian Quintenz, posted personal messages from the Winklevii regarding whether or not he would support their whims once he became chairman. The messages, which were lengthy and purposely vague, seem to ask Quintenz to “rectify what happened to [Gemini]” and implement “cultural reform” within the Commodity Futures Trading Commission (CFTC). Quintenz didn’t push back on these requests and implied that when it comes to the CFTC, he does “not have anything close to a full picture of what is going…

Non-USD stablecoins are a growing market in 2025, rebounding after a brief pause in March and April. These assets are powering genuine crypto adoption in several regions, which is often an elusive target. Latin America, especially Brazil, is powering this trend, representing 55% of the total volume. Additionally, Polygon is by far the most popular blockchain, giving it a potential opportunity. Non-USD Stablecoins on the Rise Dollar-based stablecoins are highly prominent for obvious reasons; they represent the largest token platforms. President Trump even wants to include them in US fiscal policy, prompting new integrations. Still, non-USD stablecoins have also been…