Author: NBTC
China Pacific Insurance (CPIC) Investment Management, a Hong Kong-based subsidiary of one of China’s largest insurance groups, rolled out a tokenized U.S. dollar money market fund as the asset tokenization trend is expanding to Asia. The eStable Money Market Fund (MMF) was launched on the HashKey Chain, a permissioned blockchain for institutional users developed by digital asset group HashKey, and has secured $100 million in subscription on the first day, according to a Monday press release. The product is only accessible for professional and institutional investors and invests in U.S. dollar-denominated short-term fixed income assets and money market instruments. The…
The cryptocurrency market should brace for token unlocks valued at over $742 million between February 10 and February 17, with Connex (CONX) leading the cliff unlocks. According to data from Tokenomist, CONX plans to release tokens worth $88.06 million. Solana (SOL) continues to lead linear unlocks with tokens valued at $93.05 million. Connex leads large cliff unlocks CONX leads cliff unlocks with an unlock of 4.33 million tokens worth $88.06 million. This unlock will add 376.30% to its circulating supply. The Sand Protocol (SAND) follows with 205.59 million tokens valued at $79.34 million. Aptos (APT) will release 11.31 million tokens…
Following today’s developments in the case between Ripple (XRP) and the SEC, there has been a significant change in the course of the case. This evening, Ripple Chief Legal Officer Stuart Alderoty announced that after the SEC withdrew its objection to the case result, Ripple itself had also withdrawn its counter-objection and announced that it would return $75 million of the $125 million the SEC had obtained as a penalty. Following this extremely positive development, important dates for the upcoming case between Ripple and the SEC have also changed. As of today, we will wait for the SEC to vote…
Binance has officially announced Particle Network (PARTI) as the 13th project in its HODLer Airdrop event. Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and On-Chain Yields products between March 7, 2025 and March 11, 2025 will be eligible to receive retroactive airdrop rewards. Binance will list PARTI on March 25, 2025 at 16:00 (UTC+3) and will allow trading on the following pairs: PARTY/USD PARTY/USDC PARTY/BNB PARTY/FDUSD PARTY/TRY Users can start depositing PARTI two hours before the listing to prepare for trading, although a “seed tag” warning will be applied to indicate that the altcoin is in…
According to Bitwise Asset Management, individual holders control most of Bitcoin’s (BTC) total supply. 69.4% of the 21 million BTC in circulation belong to private investors. Given this concentration of ownership among individuals, large institutions and governments seeking to acquire Bitcoin may face challenges. Institutions Face Scarcity as Bitcoin Supply Declines In a recent X post, Bitwise outlined Bitcoin’s total supply distribution. Apart from individual holders, approximately 7.5% of Bitcoin is considered lost. Funds and exchange-traded products (ETPs) control 6.1%. The wallet associated with Satoshi Nakamoto, Bitcoin’s pseudonymous creator, holds 4.6%. Moreover, governments and businesses collectively own just 5.8% of…
Rain, a global card issuing platform that uses stablecoins, has secured $24.5 million in funding led by Norwest Venture Partners. Additional participants include Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka, alongside existing investors such as Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital. This investment will enable Rain to enhance interoperability with existing financial systems, broaden its global presence, and advance its stablecoin authorization and settlement infrastructure. The company has experienced significant growth, with a 15-fold increase over the past year and transaction processing in over 100 countries, according to a company release. You might…
As enthusiasts eagerly await the next XRP upsurge, some have identified an additional bullish factor in the trend of meme coins on the XRP network. Crypto pundit Billy Mays recently tweeted his excitement about the future potential of XRP, highlighting an often-overlooked aspect of the XRP Ledger (XRPL) — the growing use of memes. Mays suggests that this playful use of the network is just one more reason why XRP is poised for significant growth. According to Mays, XRP’s purpose extends beyond just cryptocurrency transactions. He believes the innovative technology behind XRP is on track to change the way people…
The legal fight between Ripple and the U.S. Securities and Exchange Commission (SEC) is officially over. Last week, the SEC decided to drop its appeal, clearing the way for a final resolution that both sides have now agreed on. As part of the settlement, Ripple will pay a $50 million fine, which will be held in an interest-bearing account. Additionally, Ripple has agreed to drop its cross-appeal, meaning they won’t challenge the SEC’s earlier rulings anymore. A key part of the resolution is that the court will lift the injunction (a legal restriction) that had been placed on Ripple at…
Bybit, the world’s 2nd largest cryptocurrency exchange in terms of trading volume, has received the “Best Crypto Exchange UAE 2025” distinction from the Global Business & Finance Magazine Awards. Bybit received this recognition because of its expanding market presence in the United Arab Emirates’ digital asset field and its dominant regional expansion. The Global Business & Finance Magazine Awards earn distinction because of their quantitative assessment procedure. They conduct an annual program to recognize companies and individuals who bring exceptional value through contributions to finance and business operations across worldwide markets. Bybit received this recognition through its steady market development,…
An analyst known for making timely Bitcoin calls believes that BTC needs one final leg down before sparking a new parabolic surge. In a strategy session, pseudonymous analyst Credible Crypto tells his 67,800 YouTube subscribers that Bitcoin appears to be in the midst of a corrective wave two within a five-wave rally. Credible practices the Elliott Wave theory, which states that a bullish asset tends to see a five-wave surge where waves two and four are corrective periods and waves one, three and five are upside moves. According to the crypto strategist, it is within the realm of possibility for…