Author: NBTC
Main Takeaways BFUSD offers a high APY (recently in the 30%-47% range) through returns from funding fees and staking, but such returns are dynamic and depend on market conditions. A robust Reserve Fund shields users from negative funding rates, ensuring stability even during bearish market conditions. Backtesting shows that BFUSD’s Reserve Fund can withstand extreme market scenarios, providing a reliable buffer that will likely grow over time. This is a general announcement. Products and services referred to here may not be available in your region. The introduction of BFUSD, our exclusive reward-bearing margin asset launched in November 2024, has sparked…
Debridge kicked off its LFG Vault for DBR tokens, giving active members of its ecosystem and Jupiter’s community an exclusive opportunity to acquire tokens at a locked-in price. With a focus on fairness and stability, the launch introduced a new token sale model designed to curb gas wars and market volatility. Debridge Releases A New Token Vault, Offering Major Benefits On October 15, 2024, Debridge Foundation introduced the LFG (Launch Fair and Grow) Vault for its native DBR tokens. The vault, which opened at 8:00 UTC and is now closed, is designed to distribute 2% of the total DBR token…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It’s that time of the year: Republicans are finalizing their picks for House committee and subcommittee chairs. For eagle-eyed crypto fans, you probably saw Rep. French Hill was nominated to chair the House Financial Services Committee. Also of note, Glenn Thompson is slated to hold on to his position as Agriculture Committee chair. Let’s run through what these representatives have said about crypto and what could be in store for policy next session: French Hill Hill was the first-ever chair of the House Subcommittee on Digital…
IQ today announced its Agent Tokenization Platform enabling users to create agents that hold tokens and perform operations on a blockchain. The platform introduces entities that run without centralized oversight, exerting control over their own assets and engaging with on-chain protocols under evolving governance structures. Unlike early AI agent tokens, which largely served as tools rather than fully independent participants, these agents function as sovereign blockchain entities capable of refining their capabilities through tokenized ecosystems. The approach reflects a growing demand for autonomous frameworks in decentralized finance, where complexity often curbs broader engagement. IQ aims to address the fact that…
Google’s new quantum computing chip could mean bitcoin (BTC) is finished. That was the sentiment for some on Monday as the internet giant unveiled Willow, a quantum supercomputer that can perform certain computational tasks in just five minutes that would take classical supercomputers an astronomical amount of time—specifically, 10 septillion years (or one followed by 24 zeroes; a trillion trillion).10,000,000,000,000,000,000,000,000.Such an amount of time is greater than the existence of the entire universe at 13.8 billion years. In superficial theory, such a powerful computer could mean no passwords are safe, encrypted messages are intercepted, nuclear weapons codes are found out,…
The Hong Kong Securities and Futures Commission (SFC) has released its quarterly report, which has exhibited significant growth in the HK ETF market. The report indicates a 34% year-on-year increase in the total market value of ETFs, with a net capital inflow of HKD 6.3 billion during the quarter. SFC Q3 Report Focuses on Hong Kong ETFs Market The Q3 report states, “Driving the growth of the city’s exchange-traded fund (ETF) market, the enhanced ETF Connect boosted the number of eligible Hong Kong ETFs to 16 with a total market cap of more than $300 billion (Note 1).” Additionally, assets…
The updated filing expands on Bitwise’s earlier submission, covering custody, basket creation, and contingency plans amid XRP’s regulatory uncertainty. Key Takeaways Bitwise revises its XRP ETF filing, enhancing custody and trading structures. SEC’s decision on Ripple appeal crucial for Bitwise XRP ETF’s future. Bitwise has updated its submission for launching an XRP-based ETF by revising its S-1 registration with the SEC with a new filing released today. The latest filing refines the details of the Trust’s structure, custody arrangements, and the mechanisms for creation and redemption of shares. This submission follows the initial S-1 form filed on October 2, which…
The Senate Banking Committee postponed its vote on Caroline Crenshaw’s renomination to the SEC, raising doubts about her future at the agency. With time running out on the congressional calendar, the delay could lead to big changes at the SEC. What caused this holdup, and what happens if her term ends? The Vote That Didn’t Happen The committee was supposed to vote on December 11, 2024, to decide whether Crenshaw would get another term. But at the last minute, Senator Sherrod Brown, the committee’s chair, called off the meeting. No real explanation was given. When Brown tried to reschedule for…
Societe Generale said it carried out a blockchain-based repurchase agreement with the Banque de France in what it called the first such tokenized transaction with a euro-zone central bank. The lender’s digital assets-focused subsidiary, SG-Forge, deposited as collateral some bonds issued in 2020 on the public Ethereum blockchain in exchange for central bank digital currency (CBDC) issued by the Banque de France on its DL3S blockchain, it said in a press release. With the European Union’s Markets in Crypto Assets (MiCA) regulatory framework already in place for stablecoin issuers, SG-Forge has maintained a high profile exploring ways to deploy its…
Yesterday, the world was abuzz with news that Google has unveiled a new quantum chip called Willow, which is capable of solving problems that take billions of years for classical supercomputers in just five minutes. This is a huge step forward for quantum computing but raises questions about the security of cryptocurrencies, including Bitcoin (BTC). Why is this important for the major cryptocurrency? Cryptocurrency uses cryptography to secure transactions. Quantum computers, in theory, can crack public keys and compute private ones. The digital signature algorithms that guarantee the integrity of the blockchain could also be vulnerable to quantum attacks. I…