Author: NBTC

EMB: Sept. 2, 12:30 UTC Artificial intelligence (AI) company Kite raised $18 million to expand its platform for enabling autonomous agents to transact with stablecoins. The round, co-led by General Catalyst and PayPal Ventures, brings the San Francisco-based startup’s cumulative funding to $33 million, according to an emailed announcement on Tuesday. Formerly known as Zettablock, Kite is building infrastructure for what it calls the “agentic web,” where AI agents conduct microtransactions and negotiate services. Its newly launched Kite AIR (Agent Identity Resolution) provides agents with verifiable identities, policy guardrails and programmable payment rails. The company plans to use the money…

While companies’ cryptocurrency treasury strategies continue to increase recently, various altcoins other than Bitcoin and Ethereum are also preferred. While Binance Coin (BNB) is at the top of these altcoins, HashGlobal and YZiLabs launched the BNB yield fund. Asia-based cryptocurrency investment firm Hash Global has announced the launch of a BNB yield fund in partnership with YZi Labs, formerly Binance Labs. The fund, aimed at institutional investors, announced that it aims to reach a management scale of $100 million by the end of the year and $3 billion within three years. The fund will invest in BNB and generate returns…

Binance, the world’s largest cryptocurrency exchange, started the day with altcoin delisting news. At this point, Binance announced that it delisted altcoins named BakeryToken (BAKE), Hifi Finance (HIFI), and Self Chain (SLF). “At Binance, we periodically review every digital asset we list to ensure it continues to meet high standards and industry requirements. When a coin or token no longer meets these standards or industry conditions change, we potentially remove it from the exchange. Based on our latest reviews, we have decided to delist all spot trading pairs for the following altcoins and halt trading as of 03:00 UTC, September…

Global banking giant Citi announced in its latest “Securities Services Evolution” report that the post-clearance processes of financial transactions are on the verge of a major transformation. Citi: Stablecoins and AI Could Launch a New Era in Financial Transactions The bank’s fifth annual survey drew opinions from 537 industry leaders, including custodians, brokerage firms and asset managers. According to the report, tokenization, T+1 implementation, and artificial intelligence (GenAI)-based automation are reshaping post-clearance transactions. Citi predicts that 10% of market volume could be in tokenized assets by 2030. It’s emphasized that stablecoins issued by the bank will be the primary enablers…

Bancor was once one of the biggest names in crypto. In 2017 it raised $153 million, one of the largest ICOs of that time, with a promise to change how tokens could be traded. But only a year later, Uniswap launched with a far simpler design and quickly became the main place for token swaps. Now Bancor has taken Uniswap to court, starting a legal fight (patent war) that could decide if this is about protecting ideas or just payback. How It All Started Between Bancor and Uniswap When Bancor launched in 2017, it was called a game-changer. It introduced…

In a move that has sent ripples through both traditional financial markets and the crypto world, New York Stock Exchange-listed Cleancore Solutions (ZONE) recently announced an audacious plan. The company intends to raise a staggering $175 million to establish a Dogecoin treasury strategy. This bold decision aims to allocate a significant portion of its capital to the popular meme coin, Dogecoin (DOGE). However, the immediate market reaction has been anything but positive, leaving many investors wondering about the implications of such a strategy. Unpacking Cleancore’s Bold Dogecoin Treasury Ambition Cleancore Solutions revealed its intention to secure $175 million through a…

Global cryptocurrency trading firm OKX was fined 2.25 million euros ($2.6 million) by the Dutch National Bank (DNB) for offering crypto services in the Netherlands without having registered with the financial regulator. The fine on the company, whose official name is Aux Cayes Fintech Co., relates to the period July 2023 to August 2024, before the introduction of Europe Union’s Markets in Crypto Assets regime (MiCA), according to a press release. The Netherlands started requiring crypto firms to register with the DNB in early 2020, bringing digital assets in line with the country’s anti-money laundering rules (Wwft). The bank has…

Active loans in tokenized private credit now top $15.95 billion, signaling rapid growth but also sharper fault lines in protocol performance. Loan Counts Fall as Tokenized Credit Market Consolidates Tokenized private credit has grown significantly since mid-June, adding more than $2 billion in active loans and $4.3 billion in cumulative lending. As of Sept. 6, rwa.xyz stats show that active loans stand at $15.95 billion, while total loans originated reached $29.74 billion across 2,592 onchain loans. The average annual percentage rate (APR) declined from 10.33% to 9.75%, suggesting a tilt toward lower-risk or more competitive lending. Source: rwa.xyz stats The…

Spetz (SPTZ), doing business as SonicStrategy, has announced It’s receiving $40 million in convertible funding from the foundation behind the Sonic blockchain, Sonic Labs. The financing comes in the form of a six-month, zero-coupon convertible note issued in Sonic’s native S tokens. If SonicStrategy uplists from the Canadian Securities Exchange to the Nasdaq or a similar U.S. exchange and raises at least $40 million in outside capital, the debt can convert to common stock at $4.50 per share. Those shares will be locked for three years. Sonic Labs’ token contribution will be locked for four years. SonicStrategy plans to use…

Ethereum recently surged to an all-time high price just shy of $5,000, finally breaking its long-standing record from 2021. And if you’re keen on racking up as much ETH as you can while it’s hot, then here’s another method you might not have considered: playing games. Much like with Bitcoin, a number of free mobile games pay out real ETH rewards. Games like Ethereum Blast, Word Breeze, and even Bitcoin Solitaire are built on the Bling Financial platform, letting players earn points that can be converted to Ethereum or Bitcoin, with ETH available to withdraw to a Coinbase account. Keep…