Author: NBTC

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Earlier this year, the Reserve Bank of Australia launched Project Acacia. As per the RBA’s website, this retail central bank digital currency pilot is designed to “explore how innovations in digital money and existing settlement infrastructure might support the development of Australian wholesale tokenized asset markets.” Summary Australia has launched a retail CBDC pilot, despite the Reserve Bank’s own 2024 report stating there’s no public interest case, raising questions about intent. The pilot tests 24 real and…

Bitsolara, a DeFi platform, has announced a strategic partnership with Helix Labs, a crypto firm offering staking and digital asset investment solutions. Bitsolara is a DeFi network developed on top of the Solana network. On the other hand, Helix Labs is a DeFi platform specialized in unleashing the power of staked assets across cross-chain ecosystems. The alliance is a substantial development in Bitsolara’s commitment to be a prominent network that offers advanced DeFi financial products. Partnership Announcement: Bitsolara x @helixlabs_xyzWe’re thrilled to announce a strategic partnership with Helix Labs, builders of the EigenFi Protocol — unlocking real multichain utility through…

Ethereum price started a downside correction from the $3,850 zone. ETH is now moving lower but might find bids near the $3,520 support zone. Ethereum started a downside correction below the $3,770 level. The price is trading below $3,680 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,670 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,550 zone in the near term. Ethereum Price Holds Support Ethereum price failed to extend gains above the $3,850 level…

Zodia Markets, the crypto trading firm majority-owned by Standard Chartered (STAN), has raised $18.25 million led by Pharsalus Capital. The Series A funding round will be used to support Zodia’s international expansion effort and further develop its stablecoin payments services, according to an announcement on Monday. Zodia is aimed at financial institutions, offering them a combination of wholesale finance and 24/7 digital asset trading, to “reengineer traditional foreign exchange capital flows with real time stablecoin settlement across borders,” CEO Usman Ahmad said in the announcement. “Institutional capital shouldn’t have to wait for banking hours or be held back by manual…

Bitcoin has corrected from its all-time high near $123,000, retracing into a key support zone marked by strong technical confluence. This area now holds the potential to act as a launchpad for a renewed move toward the highs, if it holds. After reaching a fresh all-time high around $123,000, Bitcoin (BTC) has entered a corrective phase, typical after extended bullish rallies. The pullback, however, appears to be technically healthy and has now brought price into a critical support zone. With multiple technical indicators aligning in this region, bulls will be watching closely to see if this correction transitions into a…

MetaMask, the Ethereum-based crypto wallet, is offering its users the ability to earn interest on their stablecoins thanks to a new partnership with decentralized lending protocol Aave. The feature, called Stablecoin Earn, gives MetaMask’s million-plus users access to yield on USDC, USDT and DAI without leaving their wallet. The earnings come from Aave’s lending infrastructure, which offers yield in exchange for depositing assets that can be borrowed by others. Stablecoins, which have become one of the hottest areas in crypto thanks in part to new legislation in the U.S., grew out of the DeFi space initially. Earning passive yield on…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Ether ETFs launched in the US one year ago today. Time flies. While these products (unlike bitcoin ETFs) struggled to find consistent inflows out of the gate, this month has been a different story. The ETH funds have attracted $3.6 billion of net capital from July 1 to July 22, Farside Investors data shows. The segment’s $2.1 billion of inflows last week was nearly double its previous record of $1.2 billion. As CoinShares’ James Butterfill pointed out in a Monday report, the past 13 weeks of…

The month isn’t over yet, but Bitcoin and Ethereum ETFs have already set a record with $11.2 billion in inflows, according to crypto asset manager CoinShares. The final tally will arrive after the bell rings on Thursday. ETH funds have been stealing the show lately and last week was no exception, said CoinShares Head of Research James Butterfill. Ethereum ETFs pulled in $1.6 billion worth of new cash, he wrote. That means that so far this year they’ve taken in $7.8 billion—more than they did in 2024. Keep in mind, though, the Ethereum ETFs only just launched this time last…

Bitcoin’s dip on Tuesday has put the digital asset’s upward trajectory on hold, at least for now. The move came as traders sought to book profits amid mixed monetary signals and divisive language surrounding the potential replacement of Federal Reserve Chair Jerome Powell. While on-chain data suggests that profit-taking is the primary driver, sticky inflation remains a significant point of contention. The world’s largest crypto is trading at $117,250, down 4.5% from its Monday all-time high following Monday’s losses, according to CoinGecko data. Bitcoin’s drop coincides with a 14,000 BTC spike in exchange inflows on Tuesday, according to CryptoQuant’s head…

The decentralized finance (DeFi) market ballooned to a three-year high of $153 billion on Monday, spurred by ETH’s ascent toward $4,000 and significant inflows into restaking protocols. DefiLlama data shows that the uptick in inflows and asset prices over the past week lifted the sector above its December 2024 high to its highest point since May 2022, at the time of $60 billion collapse of Do Kwon’s Terra network. TVL across all blockchains (DefiLlama) ETH has risen 60% from $2,423 to $3,887 over the pat 30 days following a wave of institutional investment including a $1.3 billion treasury investment from…