Author: NBTC
U.S.-based asset manager Fidelity Investments has filed paperwork to register a blockchain-based, tokenized version of its U.S. dollar money market fund, aiming to join the tokenized asset race. According to a Friday filing to the U.S. Securities and Exchange Commission (SEC), the company seeks to register an “OnChain” share class of its Fidelity Treasury Digital Fund (FYHXX) and use blockchains as transfer agent. FYHXX holds cash and U.S. Treasury securities and was launched late last year. The OnChain class of the fund currently uses the Ethereum (ETH) network, and the firm may expand to other blockchains in the future, the…
Pump.fun co-founder Alon Cohen dismissed reports that the Solana-based memecoin launchpad is preparing to issue its own native token, refuting claims made by crypto journalist Colin Wu. Wu reported that Pump.fun was working on a token and planned to distribute it via a Dutch auction system in collaboration with multiple centralized exchanges. He cited insider sources from these exchanges and claimed his team had obtained documents detailing the token issuance. However, Cohen dismissed the claims in a social media post, stating: “Seeing rumors about a potential Pump.fun token – these are wrong.” He emphasized that the company remains focused on…
Reports revealed that the boom in stablecoins like USDT and USDC has renewed fears about the looming risks these tokens bring to the crypto industry and the overall financial system. Ongoing debate has focused on how the coins could be vulnerable to the kind of bank runs that paralyzed the financial system during past financial crises. Bloomberg noted that the Trump administration and Congress were both pushing to cement the growing importance of stablecoins, with two bills designed to give stablecoins a bigger role in the global payments infrastructure already running through the House and Senate. Washington’s interest, including vocal…
OKX Wallet, a well-known non-custodial solution for digital wallets, has announced an exclusive collaboration with Chainbase, a prominent omnichain data ecosystem for AI. The partnership aims to enable users to securely access the multi-chain data. The platform took to social media to disclose this collaboration. We’re thrilled to announce that @ChainbaseHQ has integrated #Wallet! You can now use our Wallet to securely access multi-chain data in the Chainbase ecosystem. pic.twitter.com/QqoIowJOJL — OKX Wallet (@wallet) March 26, 2025 OKX Wallet and Chainbase Partner to Enable Secure and Seamless Multi-Chain Data Access OKX Wallet’s partnership with Chainbase intends to enhance user access…
Financial markets gave risk-on vibes early Monday East Asia time based on reports that the next round of Trump tariffs due on April 2 could be more measured than initially expected. Bitcoin (BTC), the largest digital asset by market value, traded at around $86,500, up 2.7% on a 24-hour basis, with Solana’s SOL token trading nearly 6% higher at $138, according to CoinDesk data. Payments-focused XRP was up 2.5% at $2.44, trading above its 50-day simple moving average (SMA) after two consecutive weeks of positive price action. Futures tied to the S&P 500, Dow, and Nasdaq rose over 05% on…
Smart Wallets on Solana are generating massive profits by specializing in specific crypto narratives. One wallet excels in trading newly launched tokens, turning over $4.8 million in profit from TRUMP alone. Another wallet focuses on high-risk trades, achieving a 2,993% return on RIF and a 1,460% return on OPXL, showcasing its ability to capitalize on volatile price swings. Meanwhile, a meme coin specialist has traded 205 different tokens in the last 90 days, securing $1.4 million in realized profit. TRUMP Millionaire With a 49% Win Rate Solana smart wallet 9HCTuTPEiQvkUtLmTZvK6uch4E3pDynwJTbNw6jLhp9z turned $511,526 into $4,872,751 in TRUMP with a 49% win…
Over 700 SEC staff have resigned amid Trump-backed federal cuts and pro-crypto reforms, fueling hopes of a bullish regulatory shift for digital assets. Mass SEC Departures Signal Major Pivot Toward Pro-Crypto Future Under Trump Administration Hundreds of employees are expected to leave the U.S. Securities and Exchange Commission (SEC) under a voluntary resignation program tied to President Donald Trump’s initiative to reduce the federal workforce, Reuters reported, citing five unnamed sources. The exits include senior officials and lawyers within the agency’s enforcement and legal departments. Since late January, more than 700 staff members have submitted resignation notices, including over 150…
An unspent transaction output (UTxO) is an amount of cryptocurrency left over after a transaction. It is similar to the change you receive after purchasing a product, but with the distinction of a transaction output in the database the network generated to enable non-exact change transactions. Imagine that 100 Litecoin (LTC) is a bucket of coins, each representing a UTxO. If you buy something for 50 LTC, the network will give the seller the whole bucket and send back the 50 LTC they owe you in “change.” You now have a UTxO worth 50 LTC that you can’t divide into…
North Carolina has joined a growing list of states seeking to legalize digital currencies, but according to Dan Spuller, this effort stands apart from the rest. More than a dozen U.S. states have introduced legislation to permit holding Bitcoin (BTC) as a strategic reserve. North Carolina is the latest to join the push with the introduction of HB 92. The bill would allow state lawmakers to invest up to 10% of the state’s funds into exchange-traded products tied to digital assets with a market capitalization exceeding $750 billion. It also authorizes Bitcoin investments for state-managed funds, including teachers’ and state…
Lisa Gordon, Chair of Cavendish Investment Bank, has raised alarms about the UK’s growing interest in cryptocurrencies. She pointed out that more than half of people under 45 now own digital currencies but have no investments in stocks, a trend she believes could harm both individual wealth and the economy in the long run. The Importance of Stock Market Growth She said that stocks are crucial for company growth. Unlike cryptocurrencies, stocks provide funding for businesses, creating jobs, driving innovation, and contributing to the economy through taxes. “Cryptocurrencies are non-productive assets and don’t help the real economy,” she said. Gordon…