Author: NBTC

Crypto markets have been somewhat muted as the U.S. Treasury drained liquidity from the system. But as it approaches completing its Treasury General Account (TGA) refill, something the former BitMEX CEO, Arthur Hayes, called a “liquidity drain,” the “up only” trajectory can get back on track. The TGA is basically the government’s checking account at the Federal Reserve. When the TGA needs refilling, the Treasury issues new debt, effectively pulling liquidity out of the broader financial system. In 2025, the Treasury set a refill target of $850 billion. Hitting that mark meant soaking up hundreds of billions in cash by…

A coalition of fintech, crypto and retail industry trade groups is urging the US Consumer Financial Protection Bureau (CFPB) to adopt a robust open banking rule that safeguards consumers’ control over their financial data. The letter shared with Cointelegraph was signed by leading crypto advocacy groups — including the Blockchain Association and the Crypto Council for Innovation — alongside fintech and industry organizations such as the Financial Technology Association, American Fintech Council and others representing retailers and small businesses. The letter responds to the CFPB’s review of the Personal Financial Data Rights Rule under Section 1033 of the Dodd-Frank Act,…

The Ethereum Foundation (EF) has announced a change to the upcoming Fusaka hard fork that will introduce a per-transaction gas limit cap. The EF unveiled the change via its blog today, with the update, also known as EIP-7825, already live on the Holesky and Sepolia testnet networks. EIP-7825 is expected to launch on the Ethereum mainnet when Fusaka goes live in December. Currently, a single transaction can fill an entire block’s 45 million gas limit, which could inhibit parallel execution and open the door to Denial of Service (DOS) attacks. The change will set a per-transaction gas limit of 16.78…

In a recent tweet, president of Solana Institute and former CEO of Blockchain Association, Kristin Smith, highlights a new trend driving growth in the crypto market: DAT or Digital Asset Treasury. In light of growing adoption for cryptocurrencies, DATs have emerged, which are companies making digital assets a core balance-sheet strategy, actively deploying tokens (staking, validators, liquidity) rather than simply holding them. The emergence of crypto ETFs and digital asset treasury (DAT) companies might reflect crypto’s growing acceptance. 1/ We’re seeing an explosion of @Solana-focused Digital Asset Treasury (DAT) companies — giving everyday investors new pathways to access Solana.🧵 —…

Senate Republicans are scheduled to meet with top crypto executives next week. This follows a similar meeting between industry leaders and Senate Democrats, signaling a renewed push toward bipartisan consensus on a comprehensive crypto market structure bill. The meeting aims to keep progress on the crypto bill that would set clear rules for the U.S. market. Lawmakers work to restart crypto bill after shutdown delays Lawmakers have spent weeks trying to agree on how to reopen the government, so there is very little time and space to focus on other important issues like crypto regulation. Many offices are short-staffed, meetings…

Smart money is returning to Pump.fun, buying PUMP tokens near its lows. The inflows follow a recovery of meme activity, as Pump.fun is still the top platform for creating memecoins. Pump.fun’s native token PUMP is attracting smart money inflows, as the price bounced off its recent lows. Despite the end of the altcoin market, specific assets are still recovering. PUMP still traded at $0.004, close to its initial sale price. The token bounced from last week’s lows of $0.0033, recovering to the higher range for the past week. PUMP is still up by 25% in the past month, despite the…

Ethereum is holding around the $3.8K mark. ETH’s daily trading volume is up more than 31%. The crypto assets are flashing mixed signals, with the fear sentiment lingering in the market. Both green and red flags are waving across the digital assets. Bitcoin (BTC) is struggling to cross the $108K mark. Meanwhile, Ethereum (ETH), the largest altcoin, is attempting a steady recovery but facing back-to-back rejections. The tug of war between bearish and bullish pressure is driving the ETH price action. As of October 22, the asset has registered a loss of over 0.48%, and its daily high and low…

Australia is set to intensify oversight of crypto ATMs by granting the Australian Transaction Reports and Analysis Centre (AUSTRAC) authority to restrict or ban high‑risk services. Regulators cite growing concerns over fraud, money laundering, and other illicit activities linked to these machines. Rapid Expansion Raises Concerns The number of crypto ATMs in Australia has surged from roughly 23 in 2019 to over 2,000 today. A survey of frequent users indicated that about 85 % were either victims of scams or acting as intermediaries for illicit funds. AUSTRAC estimates around 150,000 transactions occur annually through these machines, with a total value of roughly…

A South Korean lawmaker is pressing the Financial Services Commission (FSC) to hold Binance accountable for fully compensating users of the GOPAX exchange. Democratic Party lawmaker Min Byeong-deok raised the issue during a National Assembly audit, questioning FSC Chairman Lee Eog-weon about the incomplete repayments following GOPAX’s service disruption. The core issue stems from GOPAX’s exposure to the bankrupt U.S. firm Genesis Global Capital, which froze user funds. Min estimates the outstanding damages range from 10 billion to 50 billion won (approx. $7.2 million to $36.2 million). Lawmaker Questions Binance Deal Structure Min Byeong-deok highlighted that Binance’s acquisition of GOPAX…

Ethereum price is eyeing a recovery as U.S. spot exchange-traded funds record $141 million in inflows, indicating renewed investor confidence after days of outflows. Summary Ethreum trades near $3,857 after three days of ETF outflows reversed. Spot ETH ETFs saw $141M inflows led by Fidelity and BlackRock. Key support is at $3,800, with next resistance seen near $4,500. Ethereum is trading at $3,857, down 0.2% in the past 24 hours. Over the last seven days, the token has fluctuated between $3,709 and $4,183, resulting in a 10% drop over the previous 30 days and a 6% weekly loss. Ethereum is…