Author: NBTC

In a dramatic — and slightly odd — pronouncement, US Secretary of Commerce Howard Lutnick declared on national television that “the Department of Commerce is going to start issuing its statistics on the blockchain. He added, “We’re going to put GDP on the blockchain so people can use the blockchain for data, distribution, and then we’re going to make that available to the entire government, so all of you can do it.” So yeah, Lutnick — who held and attested to Tether’s reserves– doesn’t seem to understand what a blockchain is or how it works. Troubling? Only if you care…

Sygnum, a leading digital asset banking platform, has partnered with Ledn, a prominent BTC-backed lending firm. The partnership takes into account a $50M $BTC-covered syndicated loan to broaden tokenized private credit’s accessibility and cater to the rising institutional demand for crypto-supported, yield-bearing debt instruments. As the platform revealed in its official press release, the initiative displays the potential of tokenization in reshaping the markets of private credit. Hence, the development enhances the unique investment opportunities for qualified and institutional investors. 📣 News: Sygnum and @hodlwithLedn Close Syndicated Loan, Opening Access to BTC-Backed Tokenized Private Credit https://t.co/BkSy9Ce1sLSygnum arranges USD $50 million…

Transactions and daily active addresses on Ethereum are approaching all-time highs, signaling renewed engagement on the network as public companies rush to scoop up ETH for their crypto treasuries. Ethereum Transactions and Active Addresses On Thursday, Aug. 15, the network recorded nearly 1.8 million transactions, according to Token Terminal data, nearing its all-time high of 1.9 million transactions. Daily transactions have since stabilized at around 1.5 million on average, up from roughly 950,000 in January 2024. Daily active addresses are also climbing, nearing 600,000, setting a new record when excluding occasional spike days in 2023. Ethereum Fees At the same…

Crypto companies that dumped coins into their balance sheets earlier this year are now watching their stocks bleed. August crushed the rally these firms enjoyed just weeks ago, slamming names that had become investor magnets during the sideways bitcoin market. The sell-off arrives just before the Federal Reserve’s Jackson Hole symposium, where whatever the hell Jerome Powell says next could drag these stocks even deeper, or spark a quick rebound. This entire picture was reported by CNBC, who tracked every company in the space holding crypto as treasury. Some of these companies had only just started their crypto play. Ethzilla,…

This is a segment from The Drop newsletter. To read full editions, subscribe. Camp wants to prove that an IP-focused chain can work long-term. The Camp mainnet has been officially deployed as of this morning, along with its native CAMP token. The team worked with crypto infra firm Gelato and is using the Abundance rollup L1 stack, which is built on Celestia. The CAMP token is expected to facilitate creator royalties and AI-agent monetization, in addition to functioning as a gas and governance token. “We’re going to continue to see growth in AI, but without the proper infrastructure or the…

Exciting whispers are circulating in the cryptocurrency community, all thanks to a recent tease from ThunderCore (TT). The blockchain platform hinted at a significant upcoming announcement, sending ripples of anticipation through its user base. What’s truly captured attention is the accompanying image, prominently featuring the logo for WorldLibertyFinancial (WLFI), a DeFi project notably linked to the Trump family. This potential collaboration between ThunderCore WLFI is generating considerable buzz. What is ThunderCore Teasing with WLFI? ThunderCore, known for its high-performance blockchain, has strategically dropped a hint that suggests a major development is on the horizon. The exact nature of this announcement…

Ethereum has faced a significant decline in its price, dropping from a high of $4,750 to the current price of $4,200. Despite this, the decline might not be over. Ethereum could experience further downtrends in the coming days, with several indicators signaling potential selling pressure. Ethereum Holders Could Cause A Crash Long-term holders (LTHs) of Ethereum are currently seeing a surge in profits, as indicated by the MVRV Long/Short Difference, which has reached a yearly high. Normally, when this indicator falls deep into the negative zone, it signals that short-term holders (STHs) are gaining profits, making them prone to selling.…

Windtree Therapeutics, a biotech company that established a BNB treasury strategy last month, fell 77% on Wednesday after the Nasdaq informed the firm it would be delisted from the stock exchange for failing to meet compliance requirements. The noncompliance concerned Nasdaq Listing Rule 5550(a)(2) that requires a company’s stock to maintain a minimum bid price of $1.00 per share, Windtree stated in a filing to the US securities regulator on Tuesday. Nasdaq will suspend WINT trading on Thursday. Windtree (WINT) shares dropped a staggering 77.2% to $0.11 on the news, and are down another 4.7% in after-hours, Google Finance data…

Tokenization platform Securitize has predicted that Ethereum will be the future hub for real-world asset (RWA) markets, pointing to the blockchain’s dominance in institutional adoption and its potential to capture a multi-trillion-dollar opportunity. In a guest thread posted on Ethereum’s X account, Carlos Domingo, CEO and founder of Securitize, pointed out the tokenization market’s growth to a $26.5 billion sector, with Ethereum hosting $7.5 billion worth of tokenized RWAs and $5.3 billion in tokenized Treasuries, giving it a 72% market share of on-chain Treasuries. “It’s where institutions are deploying capital,” the company wrote, adding that even a 1% slice of…

Jupiter DEX added another service to its suite, turning into one of the complete DeFi hubs on Solana. Jupiter announced the creation of its initial lending service, with 40 vaults and $2M in incentives. Jupiter is adding another service to its suite, launching a native lending solution. Jupiter Lend announced its public beta launch, with 40 active vaults and $2M in incentives. The lending protocol was created in partnership with Fluid DeFi. Jupiter Lend announced its launch in August, releasing an audited public beta just weeks later. Jupiter Lend Public Beta is live 🥳 The most advanced money market on…