Author: NBTC

Joint Response with INATBA and Cardano Foundation TL;DR:IOTA Foundation, INATBA, and Cardano Foundation urge the UK’s FCA to rethink one-size-fits-all crypto regulation. They call for clear distinctions between custodial vs. non-custodial services, smart oversight for DeFi, and a proportionate compliance model. Misguided rules risk pushing innovation offshore. Instead, the UK should lead with regulation that protects users without killing permissionless innovation. We’re living through the greatest financial transformation in human history. Open protocols are replacing closed systems. Permissionless networks are challenging gatekeeping institutions. And the UK stands at a crossroads: will it lead this revolution or regulate it out of…

An intriguing shift is taking place beneath the surface of XRP’s on-chain footprint, and this time it is tied to one of the largest U.S. crypto exchanges. Coinbase, which was previously holding an estimated 970 million XRP across 52 cold wallets, no longer has that same stockpile, according to XRPWallets. As of this week, only 35 of those addresses remain funded, marking a surprising 40% drop in just weeks. Back in June, 10 of Coinbase’s wallets contained 26.8 million XRP each, while 42 others held 16.8 million each. 35 Cold Wallets Remaining 16.8M xrp each — XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) July…

Polytrade, a decentralized protocol that connects traditional businesses with DeFi, has announced its alliance with the BNB Chain blockchain network to function as a major provider of tokenized RWAs within the BNB ecosystem. Polytrade is a DeFi platform that connects traditional businesses with blockchain technology. It is an upcoming RWA marketplace hosting multiple public chain RWAs; an avenue where people access, transact, and use various RWA assets based on their needs. We are thrilled to announce that Polytrade has arrived at @BNBCHAIN.With lightning fast transactions, low fees & massive liquidity, it’s the perfect highway for scaling RWAs, with access to…

All of the crypto-sphere is atwitter with the implications of the final passage of the “Guiding and Establishing National Innovation for U.S. Stablecoins Act’’ or the ‘‘GENIUS Act’’. I went through the text of the act that was signed into law last week. Contrary to what the boosters of the bill believe, the implications for related digital assets and the economy are very mixed at best. As the first legislation to directly address one form of crypto-assets, the act is seminal. Of course, my own compatriots at the various blockchain companies and organizations are ecstatic over the act. It is…

Do Kwon’s legal proceedings may be delayed again as both the US government and Kwon’s legal team asked yesterday for a third extension to submit pre-trial motions. Both parties have already delayed this pre-trial motion submission date twice and have now asked Judge Engelmayer to grant another two-week extension two days before the current deadline is due. Yesterday’s request echoes Kwon’s previous explanations, reading, “Though Mr. Kwon is prepared to file motions by July 29, the parties continue to engage in productive discussions around pretrial motions and related issues.” Read more: Do Kwon court date postponed again, ‘productive’ talks continue…

Coinbase has rolled out Samsung Pay as a new payment option, making it simpler for clients in the U.S. and Canada to buy crypto straight from their phones. Coinbase Integrates Samsung Pay This update lets users fund their accounts directly through the Coinbase app using Samsung Pay, without needing to switch apps or re-enter payment information. The feature has already started reaching some users across North America, with full availability expected in the coming weeks, according to a press release today. With this partnership with Samsung, Coinbase combines its secure platform with the convenience of one of the world’s leading…

Bitcoin retreated from Monday’s record high of $123,000 to trade below $117,000, about 5% below the peak, as investors locked in gains earned during the weekend rally in one of the largest profit-realization events for bitcoin this year. Glassnode data shows that investors collectively realized $3.5 billion in profit over the past 24 hours, with the majority going to long-term holders — defined as those who bought more than 155 days ago, who accounted for 56% of the total. The largest cryptocurrency’s rapid rally from $108,000 to $123,000 left a notable supply gap because the swift price action meant little…

Newly launched crypto exchange Etherex aims to be home to all of Linea’s Ethereum capital, building on the promise of Ethereum’s decentralized network by committing to a full incentive alignment with its users.  Etherex—which gets its name from the 2014 Ethereum decentralized exchange, or DEX, idea called “EtherEX”—soft-launched on Monday, preceding the Tuesday announcement from its network and partner Linea that details the Ethereum layer-2’s token plans and alignment with Ethereum mainnet. (Disclaimer: Linea is a product of Consensys, one of 22 investors in an editorially independent Decrypt.)  “Etherex was first imagined in 2014—when decentralized exchanges were still a dream.…

The ink on the GENIUS Act is barely dry, but its ripple effects are already visible across the crypto industry. In just seven days, the sector added nearly $4 billion, pushing the stablecoin market cap above $264 billion and fueling corporate interest in related ventures. The surge is no surprise. The landmark legislation provides banks, asset managers, and other institutional investors with a federal framework for fiat-backed stablecoins without the looming threat of enforcement actions by the Securities and Exchange Commission (SEC). With regulatory clarity comes new capital, new players, and intensified competition. Signs of this shift had already emerged…

South Korea’s leading cryptocurrency exchanges Upbit and Bithumb announced that they will end trading support for Pundi AI (PUNDIAI) on August 28, 2025. The decision was based on security vulnerabilities and a lack of transparency. Users will be able to withdraw their assets from exchanges until September 29, 2025. According to Upbit’s official announcement, this decision was made based on assessments by the Joint Advisory Board of Digital Asset Exchanges (DAXA). DAXA member exchanges can issue trading alerts for certain assets, place them on a “watch list,” or completely discontinue trading support to ensure user safety. PUNDIAI was classified as…