Author: NBTC

The financial world is buzzing with significant news from the United Kingdom. The UK government recently took a decisive step, imposing new UK crypto sanctions aimed squarely at “circumvention and crypto networks” that Russia allegedly exploits. This move specifically names the Grinex and Meer exchanges, both reportedly linked to a ruble-backed token known as A7A5. This development, highlighted by @PiQSuite on X, marks a crucial escalation in the ongoing financial measures against illicit activities. Why Are UK Crypto Sanctions Targeting These Specific Exchanges? Russia has faced extensive international sanctions following recent geopolitical events. However, reports suggest that some entities attempt…

APAC economies, including Singapore, Hong Kong, Australia, and Japan, are accelerating real-world asset (RWA) tokenization through regulatory reforms and live-market adoption. Regulatory Transformation and Market Dynamics Why Important: Tokenization connects issuance, settlement, and custody on a shared digital infrastructure, improving settlement finality and auditability. It lowers capital costs, enhances custody transparency, and enables 24/7 secondary markets — benefits that ripple across issuers, investors, and intermediaries. As tokenization improves cross-border payments, trade finance, and speed and transparency, APAC’s policy diversity could expand options for local currency issuance, including China’s RMB, while USD liquidity remains the hub. Multi-currency models enable new combinations…

JACKSON HOLE, Wyo. — U.S. Senator Cynthia Lummis (R-Wyo.) said that a final draft of crypto market structure legislation will be presented to U.S. President Donald Trump before Thanksgiving — notably, some time after Sen. Tim Scott’s previous Sept. 30 deadline. “We will have it on the President’s desk before Thanksgiving,” Lummis said during a conversation at the SALT conference in Jackson Hole, Wyoming on Wednesday. She previously said she expected legislation to be done by the end of 2025. The Senate Banking Committee plans to have the bill passed by the end of September and anticipates the Senate Agriculture…

OKX, a leading cryptocurrency exchange, has introduced a new USDC trading pair for Pi Network’s Pi Coin (PI), marking a significant expansion of its market liquidity. The move comes as the price and trading volume of Pi continue to decline. This reflects the ongoing market challenges and uncertainty surrounding the project. OKX Introduces Pi Coin’s New USDC Pair Amid Falling Market Interest It is worth noting that OKX was the first exchange to list Pi Coin shortly after its Open Network launch. The exchange also dominates the coin’s daily trading volume. Data from CoinMarketCap showed that PI’s trading volume was…

The surge in social media chatter around the highly anticipated US Federal Reserve September interest rate decision could be a warning sign for crypto, says sentiment platform Santiment. It comes after the crypto market rallied on Friday and market sentiment returned to greed following Fed Chair Jerome Powell’s dovish remarks at the annual Jackson Hole economic symposium. He hinted that the first rate cut of 2025 could come in September. “Historically, such a massive spike in discussion around a single bullish narrative can indicate that euphoria is getting too high and may signal a local top,” Santiment said in a…

The U.S. Department of the Treasury has called for comment on the use of “innovative or novel” measures to “detect and mitigate” the illicit use of cryptocurrencies. Published in the Federal Register, the request for comment expires on October 17 and aims to fulfill the provisions of the recently passed GENIUS Act, especially those pertaining to the management of financial risk and to compliance with the Bank Secrecy Act. The Treasury aims to focus on four main areas: application program interfaces (APIs), AI, digital ID verification, and blockchain monitoring. It’s therefore seeking input on how such solutions could enhance the…

Binance Futures is taking a new step to offer its users a wider range of trading options and enhance the trading experience. Binance Futures Lists XPLUSDT Trading Pair The company announced that it will launch pre-market trading for its XPLUSDT perpetual contract at 12:30 PM on August 22, 2025. This new contract will provide investors with up to 5x leverage. The underlying asset for the XPLUSDT contract has been announced as Plasma (XPL). Plasma is an EVM-compatible Layer 1 blockchain specifically developed for high-volume, low-cost global stablecoin payments. The project’s total supply is 10 billion XPL, with an unlimited maximum…

Shares of Tesla and American Airlines are among the new high-profile purges by billionaire investor Stanley Druckenmiller. New U.S. Securities and Exchange Commission filings for the second quarter show Druckenmiller’s Duquesne Family Office has dumped its entire stake in electric carmaker Tesla (TSLA) and American Airlines Group (AAL), the second-largest US airline by domestic market share. In the second quarter, the two largest additions to the billionaire’s family office’s portfolio were semiconductor industry supplier Entegris (ENTG) and software giant Microsoft (MSFT). Duquesne purchased shares in Entegris worth $132.74 million and stock in Microsoft valued at $99.95 million during that period.…

New York State Assemblymember Phil Steck’s proposed tax on crypto transactions will not be modified to accommodate stablecoins’ use in everyday payments, the lawmaker told Decrypt.  “I don’t think that there should be some exemption from a tax on crypto if you buy it for the purpose of using it as a currency,” he said on Tuesday. “I can’t see, frankly, crypto being used to take the place of the dollar bill in everyday transactions.” Last week, Steck estimated that a 0.2% tax on crypto transactions in the Empire State would generate $158 million annually, which could go toward helping…

The vibrant world of cryptocurrency is constantly evolving, and a major new development has just hit the scene: the Aptos Backpack Exchange integration is now officially live! This exciting announcement comes directly from the high-performance Layer-1 blockchain project, Aptos, which has made its debut on the innovative Solana-based trading platform, Backpack Exchange. This isn’t merely another listing; it signifies a powerful stride towards enhanced liquidity and broader accessibility for the Aptos ecosystem, creating new opportunities for traders globally. What Does the Aptos Backpack Exchange Listing Entail? Aptos, a blockchain renowned for its scalability, security, and the Move programming language, recently…