Author: NBTC

During a recent podcast appearance, Dan Morehead, CEO of Pantera Capital, recently stated that Strategy’s Michael Saylor “opened his eyes.” At first, Morehead, an early Bitcoin adopter, did not understand Saylor’s strategy, but seeing mutual funds make billions through it changed his mind since he realized that this was a revolutionary access mechanism. “So they invested less than a billion dollars and made six billion in profits for their investors. And so that is a great trade, and that’s what opened my eyes. It allows different types of investors to get access,” he said. Betting on Solana This revelation inspired…

Decentralized exchange Aster is delving into crypto’s degen culture with the launch of “Machi mode,” a new feature that rewards traders with points for getting liquidated. The update, set to go live next week, was announced with a direct nod to Machi Big Brother (real name Jeffrey Huang), a Taiwanese-American entrepreneur and former musician who has recently become a high-risk investor in the cryptocurrency space with a track record of liquidations. “You get liquidation points for getting rekt,” Aster wrote in a Wednesday post on X, adding that “this one’s for you, king @machibigbrother.” “Love the machi mode energy cant…

Mastercard (MA) has chosen Polygon to power a new system that lets people send crypto to verified usernames instead of long wallet addresses, the companies said on Tuesday. Mastercard Crypto Credential standardizes how blockchain addresses are verified by enabling human-readable aliases that correspond to a verified individual, the company said in a an emailed press release. Mercuryo, a crypto payment API firm, will perform identity verification and issue the aliases, which users can then link to their self-custody wallets. The approach, which mirrors how people send money through apps that use usernames instead of bank details, involves issuing users a…

Digital assets have posted market-leading returns in eight of the past eleven years, cementing their status as a legitimate asset class, according to a recent report by global investment firm Franklin Templeton, which manages over $1.6 trillion in assets. The report outlines eight reasons why now may be the ideal time for investors to consider crypto, from strong historical returns to growing institutional adoption. Since Bitcoin’s (BTC) launch in 2009, the digital asset market has grown to nearly $4 trillion in total market capitalization. Ethereum (ETH) alone generated more than $10 billion in transaction fees over the past seven years,…

A collective that includes the African Continental Free Trade Area (AfCFTA) Secretariat, Iota Foundation, the Tony Blair Institute and the World Economic Forum has joined forces to develop a digital platform in Africa to digitize trade across the continent. Announced on Monday, the Africa Digital Access and Public Infrastructure for Trade (ADAPT) is an open-source digital public network that will enable cross-border payments through stablecoins and store digital trade documents and interoperable digital identities, according to the Iota Foundation. Dominik Schiener, co-founder and chairman of the Iota Foundation, said in an X post that ADAPT aims to be rolled out…

FED Chairman Jerome Powell gave critical messages for the markets in his speech today. Analyst YT Jia evaluated Powell’s statements and summarized the main message of the speech as “Quantitative Tightening (QT) is ending” and stated that this is one of the most important macroeconomic turning points of the year. YT Jia noted that over the past two years, the Fed has tightened liquidity in two ways, both by raising interest rates and shrinking its balance sheet. However, he stated that Powell’s clear signaling that QE would be halted sent a message to the markets that “the liquidity squeeze is…

The Web3 security landscape is evolving with Cache Wallet’s announcement of a partnership with WavesAI, a platform dedicated to delivering AI-driven blockchain solutions. This partnership marks another step in Cache Wallet’s exciting expansion plans. It utilizes innovative asset recovery technology with advanced artificial intelligence to create what both companies call a “smarter and safer” Web3 ecosystem. Merging Recovery-First Design with AI Innovation Cache Wallet has established itself as a pioneer in addressing one of cryptocurrency’s most persistent challenges: asset recovery. The platform’s recovery-first architecture has already been praised for its ability to restore access to frozen assets caused by lost…

The crypto market is down, and institutions appear to have taken a pause on their regular crypto accumulation spree. On Tuesday, October 14, Grayscale made huge crypto deposits involving Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), according to recent data shared by on-chain monitoring firm Lookonchain. The leading digital asset investment firm has returned massive portions of its Bitcoin, Ethereum, and Solana holdings to Coinbase in a move that appears to be a major sell activity. According to data provided by the source, Grayscale has deposited 1,856 BTC, 29,718 ETH, and 10,516 SOL, collectively worth about $358 million, to Coinbase…

Russian financial giant Sberbank is focusing its efforts on the development of blockchain and artificial intelligence, according to one of its top executives. The banker believes that the combination of the two will form the core of his organization’s business in a future of competition with decentralized finance. Sberbank is betting on blockchain and AI technologies Sber, Russia’s largest bank by assets, better known as Sberbank, is actively developing blockchain technologies as it views them as the future of financial markets. Alexander Vedyakhin, first deputy chairman of its management board, made the announcement in an interview for Russian television and…

Ethena Labs announced on X that its assets are expanding their footprint across trading venues, tweeting bluntly, “Ethena is powering exchanges everywhere.” The team said the native liquidity pool on Reya’s perpetuals DEX is set to be fully allocated to USDe and sUSDe, pending final approval from Reya governance, a move that would make Ethena assets the underpinning liquidity for one of the largest on-chain perpetual platforms. If the integration goes through, it could materially change the reward and liquidity dynamics on Reya. Reya positions itself as a trading-optimized, Ethereum-native rollup built for high-throughput markets, and has recently climbed the…