Author: NBTC

Ripple is extending its institutional custody infrastructure to Africa through a new partnership with Absa Bank, one of South Africa’s largest financial institutions. The deal makes Absa Ripple’s first major custody client on the continent and reflects growing institutional interest in tokenized assets across emerging markets. Absa will use Ripple’s digital asset custody technology to store and manage cryptocurrencies and tokenized assets for its clients, per a release. The integration will allow the bank to offer secure, compliant custody infrastructure at a time when regulatory clarity around digital assets in Africa is improving. The move follows a broader strategy by…

Ethereum (ETH) has moved back above key support after a brief breakdown, with the asset recovering toward $4,150. The move comes after a 24-hour gain of over 8%, though ETH remains down more than 8% over the past week. Pattern Repeats After False Breakdown A chart shared by Trader Tardigrade outlines a recurring price pattern: a false breakdown, followed by a reclaim of support, and then a rally. $ETH/daily#Ethereum has reclaimed above the previous low, which was marked as a support, after a false breakdown. It’s following this pattern:🔴 False breakdown🟡 Reclaim🟢 Rally We might see a Rally moving above…

Safello AB, the subsidiary of Safello — the leading cryptocurrency exchange in the Nordics with over 410,000 users — has been authorized by the Swedish Financial Supervisory Authority (Finansinspektionen) as a crypto-asset service provider under the EU’s Markets in Crypto-Assets regulation (MiCA). The authorization, following Safello’s April application, covers a full suite of crypto asset services: transfer services, custody and administration, execution and reception/transmission of orders, and exchanges of crypto-assets for funds and for other crypto-assets. MiCA, fully in force since December 2024, harmonizes EU rules to strengthen consumer and investor protection, market integrity and financial stability; authorised entities must…

According to CryptoSlam data, NFT (non-fungible token) sales volume has climbed by 5.98% to $161.7 million. Summary NFT sales hit $161.7M as buyers surged 126% to 382K. Ethereum led $102.7M NFT sales, reclaiming dominance. Pudgy Penguins surged 165% with $15.6M in weekly sales. Notably, market participation is hot. The number of NFT buyers increased by 126.59% to 382,846 and sellers rising by 124.15% to 341,290. NFT transactions also increased by 2.48% to 1,703,436. At the same time, Bitcoin (BTC) price has continued its decline, now sitting at the $106,000 level. Ethereum (ETH) has also slipped further to $3,800. The global…

Cosmos Health boosts Ethereum investment to $1.8M under $300M digital asset plan. CEO Greg Siokas says firm remains committed to accelerating crypto acquisitions. Stock up 200% in six months as Cosmos expands in healthcare and digital finance. Cosmos Health Inc. (NASDAQ: COSM) has strengthened its position in digital assets with a fresh $300,000 purchase of Ethereum (ETH), bringing the healthcare group’s total investment in the cryptocurrency to $1.8 million. The move, announced Monday, forms part of the company’s broader $300 million digital assets facility aimed at portfolio diversification and long-term growth. The Chicago-based company, which operates across pharmaceutical manufacturing, distribution,…

The total number of crypto millionaires and billionaires has grown by 40% and 29% respectively over the course of the last year, according to the Crypto Wealth Report published by investment consultants Henley & Partners.  Based on data ending on June 30, the report indicates there are approximately 241,700 crypto millionaires and 36 crypto billionaires globally, setting new records for crypto wealth. “This significant growth coincides with a watershed year for institutional adoption, highlighted by the first-ever cryptocurrencies launched by a sitting U.S. president and first lady,” the report reads.  Bitcoin’s sharp rise played the biggest role in creating…

US crypto exchange FTX has filed a lawsuit against Dunamu, the operator of South Korea’s largest exchange Upbit, to recover more than $53 million in assets. The lawsuit, a part of the ongoing FTX bankruptcy proceedings, was filed by FTX’s subsidiary Alameda Research on November 5, 2024, with the US Bankruptcy Court for the District of Delaware. The case is still pending. Why Is FTX Suing Dunamu? The lawsuit filed by FTX against Dunamu is a “complaint for the return of assets and violation of automatic stay.” The core of the claim is that Dunamu, through its Upbit exchange, is…

Ethereum developers launched the second test of the upcoming Fusaka upgrade early Tuesday morning on the Sepolia network, marking another step toward the upgrade’s mainnet debut. The test follows a successful rollout on the Holesky testnet two weeks ago. Developers plan one final rehearsal on the Hoodi network on Oct. 28, after which they’ll set a date to activate Fusaka on Ethereum’s main blockchain. Coming only a few months after Ethereum’s major Pectra upgrade, Fusaka is designed to lower costs for institutions using the network. One of its key features, PeerDAS, allows validators to verify only portions of data rather…

Key Takeaways SegaSwap closed a $10 million seed round led by Sonic SVM and 10K Ventures. Funds will enhance liquidity, introduce new features, and support the launch of SegaSOL on Solana. SegaSwap, a decentralized automated market maker operating on Solana and Sonic SVM, has completed a seed round valuing the project at $10 million, led by Sonic SVM and 10K Ventures. The fresh capital will be used to expand liquidity on Sonic SVM, roll out new pool types, enhance analytics for traders, grow liquidity providers’ incentives, and build tooling for asset launch teams. The protocol recently launched SegaSOL, a liquid-staked…

CME Group opened an office in Dubai today (Wednesday), planting its first physical presence in the Middle East as trading volumes in the region climb faster than in older European markets. The Chicago-based derivatives exchange will run the operation from Dubai International Financial Centre under a license from the Dubai Financial Services Authority. The office will function as the company’s regional hub for the Middle East, Africa, and South Asia. CME Group said average daily trading volumes from the Middle East jumped 16% recently, outpacing growth in more established European markets. The company attributed the increase to rising participation from…