Author: NBTC

Mirae Asset Group has set an initial target of building its digital asset business to 150 trillion won ($108 billion) and turning it profitable in 2027, using newly acquired crypto exchange Digital X as a central part of its “Mirae Asset 3.0” strategy. Digital X said Mirae Asset Group Chairman and Global Strategy Officer Park Hyeon-joo outlined the plan on Aug. 26 during an event for Digital X employees at the Four Seasons Hotel in Seoul, where the group presented its long-term strategy following the exchange’s recent change in ownership. Park said Mirae Asset plans to build the digital asset…

SEC Commissioner Hester Peirce has raised significant points about the need for no exemptions for decentralized systems like Uniswap. In a recent tweet, @haydenzadams highlighted her assertion that truly decentralized systems do not require special permissions. This commentary could shape how decentralized exchanges operate under U.S. regulations moving forward. The Latest The broader crypto market continues to show mixed signals, and Uniswap is at the forefront of this discussion. Recently, Hester Peirce’s commentary on the SEC’s approach to decentralized systems has sparked interest among traders. She emphasized that permissionless protocols like Uniswap should not be subject to the same regulations…

Institutional bond strategies are edging further into decentralized finance, and the latest move comes from OpenEden, which is bringing its tokenized HYBOND credit fund to $BNB Chain. The launch gives investors a new way to access tokenized high-yield bonds on-chain, backed by a real fixed-income strategy managed by a major Wall Street asset manager and priced through verified oracle data from RedStone, the company said Thursday. Key takeaways By extending its tokenized HYBOND credit fund to $BNB Chain from Ethereum, OpenEden is taking the product to a second blockchain network for the first time. Through HYBOND, qualifying investors gain on-chain…

Q4 is just around the corner, and the crypto market is already discussing whether it will be bullish or bearish. Notably, the bears have quite a compelling case. The market has started reacting to the recent 25 bps hike by the Federal Reserve. Goldman Sachs has already priced in another rate hike at the October FOMC, and there are reasons to believe that this hawkish scenario could play out. Why is crypto’s Q4 outlook turning bearish? Following the Fed’s decision, the U.S. 2-year Treasury yield climbed to 4.734%, its highest level in 26 months. Further increases could tighten financial conditions,…

Major investors in OpenStandard, the consortium behind the newly launched OpenUSD (OUSD) stablecoin, have clarified that the token is intended to work alongside existing stablecoins like $USDC, not displace them. The statement comes amid a notable market reaction that saw Circle’s market capitalization dip by billions following OUSD’s debut. Clarifying the Role of OpenUSD OpenStandard, a group comprising more than 140 payments and cryptocurrency companies—including Visa, Mastercard, and BlackRock—unveiled OUSD as a multi-issuer stablecoin designed to foster broader adoption of dollar-denominated digital assets. However, initial market reactions and media coverage suggested that OUSD could challenge $USDC’s dominance, leading to a…

The SEC’s recent innovation exemption announcement marks a significant milestone for Solana, as noted by Kristin Smith of the Solana Institute. This development indicates that Solana qualifies for certain exemptions from regulatory oversight, potentially enhancing its competitive position in the blockchain space. The implications of this ruling could broaden the scope for blockchain applications and attract further interest from developers and investors alike. The Story So Far Market response to the news has been cautiously optimistic, with the broader crypto environment displaying mixed signals. While specific market data is unavailable, the tweet from @SolanaFloor has garnered attention, highlighting Kristin Smith’s…

SwissBorg has switched on native $USDC deposits for Arc Network, and the timing says a lot about where crypto’s plumbing is headed. This SwissBorg $USDC integration lets users send stablecoins straight onto Arc without touching a third-party bridge, closing off a fee structure that had been quietly costing users a fortune on every transfer. Key takeaways SwissBorg now supports native $USDC deposits on Arc Network, skipping third-party bridges entirely. PlaygroundBridge, the previous main route, charged a dynamic fee between 3% and 25% on inbound $USDC transfers to Arc. Arc Network uses $USDC as its gas token, removing the need for…

“We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed,” Federal Reserve chair Kevin Warsh said at his press conference on Wednesday, after the central bank raised its benchmark rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023. “Today, the FOMC decided that this standard has not been satisfied.” Bitcoin slipped below $76,000 on the decision and traded at $76,611 on Thursday afternoon, up 1.2% over 24 hours, according to CoinGecko. The vote was 12-0 and the statement ran to 114 words. “Inflation remains…

Nvidia shares climbed 6.7% to approximately $223.71 in premarket trading on Aug. 27 after the chipmaker reported stronger fiscal second-quarter results and issued an above-consensus outlook. The rally briefly reached about 8% earlier in the session. Bitcoin gained roughly 2.4% to trade near $80,400, while Nasdaq 100 futures advanced about 1.1%. The simultaneous moves reflected wider demand for technology and other risk assets following Nvidia’s report, although earnings alone cannot explain every change in Bitcoin’s price. BREAKING: Nvidia stock, $NVDA, extends gains to over +8% after posting record quarterly earnings results.The stock has now added over +$400 BILLION in market…

XRPL President: $XRP Ledger’s Native Features Are Built for Institutional Finance The $XRP Ledger’s biggest strength, according to XRPL Commons President David Bchiri, is that it was built with a clear purpose from day one: moving value quickly, securely, and at low cost instead of trying to do everything. Speaking with the $XRP Ledger Foundation, Bchiri said XRPL’s contrarian approach to consensus was what first attracted him to the network. Rather than relying on energy-intensive mining or traditional proof-of-stake systems, XRPL was designed as a high-performance settlement layer optimized for speed, efficiency, and reliability. “I was attracted by the contrarian…