Author: NBTC

China is reportedly making a bid to expand its influence in global gold markets by offering to hold foreign central bank reserves within its borders. According to Bloomberg, the People’s Bank of China has used the Shanghai Gold Exchange in recent months to pitch central banks in friendly countries on the idea. At least one Southeast Asian country has shown interest, people familiar with the matter said. The push would allow Beijing to strengthen its role as a bullion hub and reduce reliance on Western financial centers. Custodian services are a key part of that infrastructure, helping to attract more…

Wisconsin Representative Bryan Steil, one of the original cosponsors of the House of Representatives’ crypto market structure bill, the CLARITY Act, said Republicans’ timeline of passing the legislation before 2026 was still the plan, despite the ongoing government shutdown. In a Wednesday CNBC interview, Steil said Republicans’ plan for passing legislation to establish what they called regulatory clarity for the digital industry was still on track. Party leaders in the Senate pledged to have the chamber’s version of the bill signed into law by 2026, but as the government shutdown entered its eighth day, many in the industry have voiced…

Sci-fi survival game Eve Frontier is transitioning from the Ethereum-based Redstone gaming network to the layer-1 blockchain Sui. Game developer CCP Games told Decrypt the move wasn’t motivated by a financial grant, but because the network is aligned around a “deep philosophical direction for the game” and the “future of virtual worlds.” Over the coming months, a CCP Games spokesperson said, Eve Frontier will be ported over to Sui. Since the game is currently running on testnet, players will not need to migrate any assets. CCP Games told Decrypt that the move doesn’t change the game’s roadmap; rather, it enables…

Algorand Foundation, a non-profit organization established to support the development, adoption, and growth of the Algorand blockchain ecosystem, has disclosed its strategic partnership with Pera Wallet, a non-custodial cryptocurrency wallet specifically designed for the Algorand blockchain. The main purpose behind this collaboration is to expand the use of Pera Card as a seamless crypto payment method, like MasterCard worldwide. The @PeraAlgoWallet card just expanded to 3 new countries.Now available in the UK, Italy, Germany, Spain, New Zealand, the Netherlands, Poland, and Portugal.And we’re not done yet, more countries coming soon. pic.twitter.com/xdj1uWkt99 — Algorand Foundation (@AlgoFoundation) October 9, 2025 Basically, Pera…

KyberSwap, a multi-chain DEX aggregator as well as liquidity provider, has partnered with Lithos, a Plasma-based decentralized exchange. The partnership aims to integrate the liquidity provided by Lithos into KyberSwap, letting consumers leverage unparalleled trading marked by the best rates within the Plamsa network. As per Kyber Network’s official social media announcement, the move aligns with its objective of broadening liquidity infrastructure in the decentralized market. Hence, the consumer can anticipate a boost in the ecosystem activity along with improved capital efficiency and a relatively efficient DeFi experience. KyberSwap 🤝 Lithos@lithos_to is the native ve(3,3) DEX launching on Plasma, designed…

The U.S. is staring at an 83% chance of a government shutdown, according to analyst Crypto Rover’s post on X, as funding deadlines expire September 30. Each week without a deal could shave $7 billion off the economy, disrupt federal pay, and delay critical services while markets absorb fresh uncertainty over Fed policy. That elevated risk, flagged in Rover’s post and echoed in broader forecasting models, reflects a Congress deadlocked on appropriations. This isn’t just a payroll issue. A prolonged shutdown would test U.S. credibility, strain market confidence, and potentially derail economic data releases that guide monetary policy. 💥BREAKING:US GOVERNMENT…

An Argentine court will conduct a judicial analysis of the contents of Milei’s mobile devices to determine whether he exchanged messages with the promoters of the LIBRA meme coin around the time of its launch. The request also extends to key cabinet members and advisors close to the President. The analysis will also track the devices’ geolocation around the time of launch. Phone Analysis Targets Milei and Inner Circle Federal prosecutor Eduardo Taiano has ordered a forensic analysis of President Milei’s phones to determine the extent of his involvement in the launch of the LIBRA meme coin. The analysis aims…

The DePIN sector is emerging as blockchain’s next frontier, connecting physical infrastructure with digital networks. At Token2049 Singapore, BeInCrypto sat down with Markus Levin, Co-Founder of XYO Network. His vision centers on making verifiable real-world data accessible for AI and Web3 applications. XYO recently launched its own XYO Layer One blockchain after seven years as a decentralized data company. With over 10 million nodes spanning nearly every country, the network tackles location verification challenges, data validation bottlenecks, and prohibitive costs, among numerous other data processing issues inherent to holder blockchains. Levin’s ambitious goal: position XYO Layer One as the definitive…

The native token of Aave AAVE$240.98, the largest decentralized crypto lending protocol, was caught in the middle of Friday’s crypto flash crash while the protocol proved resilient in a historic liquidation cascade. The token, trading at around $270 earlier in Friday, nosedived as much as 64% later in the session to touch $100, the lowest level in 14 months. It then staged a rapid rebound to near $240, still down 10% over the past 24 hours. Stani Kulechov, founder of Aave, described Friday’s event as the “largest stress test” ever for the protocol and its $75 billion lending infrastructure. The…

Ethereum price is showing signs of resilience as institutional appetite returns. Summary U.S. spot Ethereum ETFs logged $421M in inflows on Oct. 7, marking seven consecutive days of positive flows. Exchange reserves have fallen to a three-year low of 17.4M ETH, amplified by corporate holdings and EIP-1559 burns. ETH trades near $4,450, consolidating above support with RSI at 53, hinting at a possible retest of $4,900–$5,000 if momentum builds. Amidst a general market decline, Ethereum was down 5.3% over the last day, trading at $4,443 at the time of writing. Even with the decline, ETH is still up 7% for…