Author: NBTC
Keystone benefits by integrating IOTA’s key features and leveraging its Delegated Proof of Stake (DPoS) consensus, MoveVM and EVM compatibility. The collaboration also enables real-world applications such as cross-border trade data transfer via TWIN and identity solutions through Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs). In a major development, Keystone hardware wallet revealed that it is partnering with the IOTA blockchain network, wherein it will leverage the latter’s decentralized acyclic graph (DAG) architecture, while further boosting transparency and security of the wallet platform. Keystone is a major player in the crypto hardware wallet market, competing with giants like Ledger, and…
Goldman Sachs has predicted that gold prices could reach $4,000 per ounce, arguing that the safest haven against a weakening dollar is gold. According to the institution, gold will overtake both Bitcoin and silver in the process. Recalling that investors have sold gold and turned to Treasury bonds when US interest rates rose for many years, Goldman Sachs commodity strategist Lina Thomas states that this relationship deteriorated after Russia invaded Ukraine in February 2022. The freezing of the assets of the Central Bank of Russia by Western financial authorities shook the belief in the dollar and euro, which were seen…
The role of Chainlink in real-world asset tokenization is growing significantly. Top financial giants and DeFi protocols rely on a number of Chainlink’s solutions. The financial industry is changing fast with the advent of fund tokenization. Taurus, a leading digital asset infrastructure provider, has released a detailed report on how this innovation reshapes investment management. The report highlights how Chainlink (LINK), as a decentralized oracle network, is helping to automate fund management. Big organizations like UBS, SBI Digital Markets, and the Monetary Authority of Singapore (MAS) support this work. How Chainlink Technology Is Changing Tokenization Fund tokenization means converting shares…
Bitcoin continues to hover around the $110,000 mark despite reaching a new all-time high last week. The lack of further breakout momentum is likely due to profit-taking by new whales, according to on-chain data. Since April 20, Bitcoin’s price has surged over 30% from $84,000. However, the rally has stalled since hitting a record peak of $111,970 on May 22. Analysts say the price plateau may be tied to selling pressure from recently established whale addresses. Are New Whales Restricting Bitcoin’s Price? CryptoQuant’s cohort analysis shows a clear pattern. The majority of profit realization over the last month came from…
The largest South Korean political party wants the Korean to fast-track KRW stablecoins, taking a page from the Trump Administration’s recent moves to establish a stablecoin bill. According to a report from local media Edaily, lawmakers from the South Korean Democratic party are pushing for the government to start institutionalizing Korean won-pegged stablecoins. Chairman of the party’s Digital Asset Committee, Min Byeong-deok, believes the global stablecoin market has the potential to become “bigger than artificial intelligence or semiconductors” in the near future. Min emphasized the urgency of institutionalizing stablecoins pegged to the Korean won. He views it as a way…
As broader crypto markets struggle to regain momentum, a handful of digital assets stand out amid the turbulence. Bitcoin (BTC), which surged to a record high of nearly $112,000 last week, dropped to $107,000, while the market cap of all coins tracked by CoinGecko dropped to $3.49 trillion. Pi Network (PI), Cetus Protocol (CET), and Optimism (OP) have emerged as top tokens to watch, showing relative resilience despite mounting trade-related risks weighing on investor sentiment. While most major cryptocurrencies face headwinds from weakening momentum and macroeconomic uncertainty, these three projects are drawing our attention. You might also like: Trump hosts…
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Second chances are increasingly rare in today’s world. But they do happen. On Sunday evening, it was one year since then-Presidential candidate Trump pledged to commute the double-life sentence of Silk Road founder Ross Ulbricht, live on stage at the Libertarian National Convention at the Washington Hilton. Eight months later, on his second day in office, Trump one-upped himself by granting Ulbricht a full and unconditional pardon, releasing him from prison after serving 12 years. #FreeRoss worked. Now, Ulbricht is set to publicly address the Bitcoin…
Bitcoin (BTC) broke new records last week, rising above $111,000. While the new ATH in BTC also brought a rise to Ethereum (ETH) and altcoins, Coinshares released its weekly cryptocurrency report and said that there was an inflow of $3.3 billion last week. “Inflows into cryptocurrency investment products reached $3.3 billion last week. Since the beginning of this year, inflows have reached a record $10.8 billion.” Bitcoin (BTC) Takes the Lead! When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin. While BTC experienced an inflow of $2.97 billion, the positive sentiment continued…
Tether CEO Paolo Ardoino told Bloomberg on Friday that the company is “open to” creating a separate domestic stablecoin to meet the needs of the U.S. market. The news comes amid the U.S. trying to push through a stablecoin legislation—the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act). The international issuer of the largest stablecoin, USDT, is “getting comfortable” with the GENIUS Act and will be compliant, Ardoino said. However, USDT’s main market will continue to be emerging economies, because those are the markets that “need us the most,” he added, stating: “We believe in the importance…
After softly rising over the weekend, bitcoin BTC$109,175.08 slipped back to $109,000 on Monday in sluggish trading as traditional U.S. markets remained closed in observance of Memorial Day.The top cryptocurrency is still up 1.7% in the last 24 hours and only a breath away from the all-time high it notched last week. Looking at the CoinDesk 20 — an index of the top 20 digital coins by market capitalization, except for stablecoins, memecoins and exchange coins — the day’s big winner is decentralized exchange Uniswap UNI$6.40, which saw its token rise 6.6%. Tokens for Chainlink LINK$15.49 and Avalanche AVAX$22.99 also…