Author: NBTC
Coinbase Asset Management is creating a tokenized money-market fund, according to four people familiar with the plan. Tokenization of real-world assets is a hot corner of crypto. BlackRock’s tokenized U.S. Treasuries fund quickly grabbed $500 million of assets this year. The asset management arm of U.S.-listed cryptocurrency exchange Coinbase (COIN) is creating a tokenized money-market fund, jumping into one of the hottest crypto-powered corners of finance, according to four people familiar with the plan. Tokenization, or representing ownership of real-world assets (RWAs) through blockchain-based products, has become one of the big trends in crypto of late. BlackRock, the world’s biggest…
Chainlink $LINK has seen a notable decrease in its supply held on exchanges, dropping from 23.0% to 21.4% over the past 30 days. Historically, such a reduction has been a precursor to significant price movements. 🔗🧐 Chainlink’s supply on exchanges has dropped from 23.0% to 21.4% in just the past 30 days. The last time we saw this level of decline of LINK coins on exchanges, from Sep. 15 to Oct. 14, the 15th ranked market cap coin surged +123% over the next 4 weeks. pic.twitter.com/K9zPOAwdiz — Santiment (@santimentfeed) July 22, 2024 The last instance of a similar decline in…
Turkish regulators have introduced the country’s first comprehensive crypto legislation to regulate its burgeoning cryptocurrency market, outlining licensing and compliance requirements for crypto-asset service providers (CASPs). On July 2, Turkey’s parliament approved legislation aimed at helping the country exit the Financial Action Task Force’s (FATF) “gray list” of countries with insufficient anti-money laundering measures. The new law introduces licensing, compliance, and transaction requirements for CASPs, and imposes an annual fee of 2% of trading income on platforms and custody services. While the new regulation provides greater clarity, it also increases operational costs and hurdles for exchanges. The full impact on…
TrendX is joining the Neo X sidechain ecosystem to provide AI tools for observing cryptocurrency markets. TrendX is an AI analysis and trend-tracking platform that captures investment opportunities in real-time. TrendX offers a variety of signals and metrics users can view to discover new and existing tokens. The Projects section offers insights on social activity for individual projects using metrics such as real-time sentiment, discussion, followers, KOL & Whale activity, and influence. tab breaks down tokens into i, and many more Web3 verticals. The Trend section tracks various Web3 verticals such as DePin, Liquid Staking Derivatives, Real-World Assets, AI, Meme,…
It appears that the market for Bitcoin-based meme coins isn’t immune to headwinds rattling similar assets, as the prices of many top Runes tokens have fallen alongside other meme coins. When the Runes protocol launched in April, Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z emerged as the protocol’s first asset, “etched” initially amid a bevy of other tokens. With a current market cap of $1.3 billion, its price has fallen 43% over the past month to $12.66, according to data from Magic Eden. DOG•GO•TO•THE•MOON and RSIC•GENESIS•RUNE, bearing similarly lengthy names, have also faced pressure during the recent lull, with prices falling 20% and 53% over the…
TunaChain, a prominent modular L2 on the Bitcoin network, has recently announced a new partnership. The exclusive collaboration between TunaChain and UniLend Finance targets revolutionizing the usability and maximization of digital assets in the DeFi ecosystem. The platform took to social media to provide insights into its latest endeavor. 🚀 Exciting News! TunaChain is thrilled to announce our partnership with @UniLend_Finance.UniLend is a multichain permissionless Lending & Borrowing protocol for all ERC20 tokens. They are developing a Futuristic Base Layer for all DeFi applications.This collaboration brings… pic.twitter.com/t9yTr8Za4G — TunaChain (@TunaChain) July 26, 2024 TunaChain and UniLend Finance Join Forces to…
Ethereum’s price on July 22, 2024, stands at $3,497, showing a dynamic interplay of market forces. The cryptocurrency’s recent movements exhibit consolidation with a potential bullish resurgence. Ethereum The 1-hour ETH/USD chart reveals critical support at $3,411 and resistance at $3,565. Ethereum’s price has been oscillating within these boundaries, with noticeable volume spikes at pivotal movements, indicating strong market interest and potential reversal points. The recent trend displays a downward trajectory followed by recovery, suggesting a tactical entry around $3,480-$3,500, anticipating a rebound towards the resistance level of $3,565. On the 4-hour chart, ethereum exhibits a broader support zone around…
Crypto is playing an increasingly significant role in funding online disinformation campaigns aimed at influencing elections, according to a new report from blockchain analytics firm Chainalysis. Chainalysis dug into how bad actors are using digital coins to fund their operations. What they found paints a picture of a growing problem that could affect how people see election information online. How crypto ‘donations’ keep disinformation outlets running Some websites known for spreading false information are asking for crypto donations. The report details how spreaders of disinformation are using crypto to accept donations and fund their activities. One example is SouthFront, a…
A widely followed crypto commentator, “CryptoCondom,” has now recognized XRP as a worthy asset to hold and long amid the alignment of crucial factors. The community pundit disclosed this shift in perspective in a recent post on X, admitting that he never imagined he would want to own or invest in XRP. Nonetheless, he acknowledged that this stance is gradually changing. This sentiment suggests CryptoCondom is a longstanding XRP critic who is reconsidering his view of the seventh-biggest crypto asset. His evolving perspective stemmed from crucial events set to align once Ripple concludes its lawsuit against the SEC. Factors Making…
Tether chief executive Paolo Ardoino is alarmed that Europe’s MiCA regulations on stablecoins, due to excessive cash reserves requirements, could pose systemic risks to banks. Paolo Ardoino, the chief executive of the company behind the largest stablecoin by market capitalization, Tether (USDT), appears to be concerned about the new European crypto legislation, known as MiCA (Markets in Crypto-Assets), saying it could create “systemic risks” for banks. In an interview with Forbes, Ardoino criticized MiCA’s requirement for stablecoin issuers to hold 60% of their reserves in non-insured cash deposits, drawing parallels to Circle’s incident with Silicon Valley Bank in 2023, when…