Author: NBTC

The American Bankers Association, the Bank Policy Institute, and over 50 state banking groups are demanding that Congress close “several loopholes” in the recently enacted GENIUS Act, warning that the nation’s first major stablecoin legislation contains gaps that could trigger a massive deposit flight and undermine the traditional banking system. In a letter addressed to Senate Banking Committee leaders on Tuesday, the coalition warned that even while the GENIUS Act prohibits stablecoin issuers from paying interest directly, “the restriction is easily bypassed because exchanges or other third parties can still offer rewards to stablecoin holders.” This loophole could incentivize Americans…

Key Takeaways Bitpanda has launched in the UK, offering over 600 crypto assets including Bitcoin and Ethereum. Bitpanda has partnered with Arsenal FC as their Official Crypto Trading Partner to boost digital asset awareness. Vienna-based crypto asset platform Bitpanda has launched its services in the UK market, offering British investors access to more than 600 crypto assets, including Bitcoin, Ethereum, stablecoins, and other tokens, the companies announced on Thursday. The platform serves over 7 million users in Europe and is licensed in multiple jurisdictions outside the UK, offering institutional-grade infrastructure along with curated crypto indices, market analysis, and investor education.…

Key Takeaways Google backs $1.8 billion TeraWulf AI project, gaining warrants for potential 8% stake. The deal includes $3.7 billion in contracted revenue and involves over 200 MW of AI-driven infrastructure development. American Bitcoin miner TeraWulf announced Thursday that it has entered into two 10-year high-performance computing (HPC) colocation agreements with AI cloud platform Fluidstack, backed by Google, which could see the tech giant become a major shareholder. Under the agreements, TeraWulf will provide more than 200 megawatts (MW) of critical IT load at its Lake Mariner data center campus in Western New York, a facility purpose-built for liquid-cooled AI…

In a post on X, Ethereum co-founder Vitalik Buterin stated that the goal of achieving faster withdrawal times is even more critical than achieving “Stage 2” L2 decentralization, noting that it will help Ethereum L1 remain the dominant economic center of the ecosystem. “Amazing to see so many major L2s now at stage 1,” Buterin wrote in response to a post on X that reported that all six rollups, Base, Optimism, Unichain, Scroll, Ink, and Kinto, affected by the Stage 1 requirements changes, have performed the necessary upgrades and are now fully compliant. Buterin said, “The next goal we should…

The world of finance is constantly evolving, and a significant shift is now underway in the United Arab Emirates’ property market. Get ready for a truly groundbreaking development: DWF Labs, a prominent global Web3 venture capital and market-making firm, has announced its intention to facilitate the first-ever crypto-backed mortgage in the region. This exciting news, shared by DWF Labs co-founder Andrei Grachev on X, reveals a signed agreement with a major UAE real estate agency. Official details are eagerly anticipated, but this move signals a powerful convergence of digital assets and traditional property finance. What Exactly is a Crypto-Backed Mortgage?…

Do Kwon’s fall from crypto wunderkind to fraudster has recently reached its final act. The Terraform Labs co-founder, once hailed as a visionary, has pleaded guilty to charges tied to the $40 billion collapse of TerraUSD and Luna. As one of the most catastrophic financial collapses in crypto history, his admission is prompting a fresh wave of reaction across the community. Summary Do Kwon, the co-founder of Terraform Labs, has pleaded guilty to committing fraud in the $40 billion TerraUSD and Luna collapse. Many in the crypto community view the guilty plea as long-awaited justice. Terraform Labs creditors are still…

Get ready for a significant development in the crypto world! Upbit Singapore is making waves today with its official announcement: the KAIA listing Upbit Singapore is happening. Upbit Global shared this exciting news via its official X account, confirming the introduction of Kaia (KAIA) with a direct trading pair against the Singapore dollar (SGD). This move marks a crucial step for both the Kaia project and the broader regional cryptocurrency market. What is KAIA and Why is Upbit Singapore KAIA Significant? Kaia (KAIA) represents a promising new cryptocurrency project, aiming to innovate within the blockchain space. Its core purpose revolves…

Key Takeaways Block positions its Proto Rig as a durable, repairable, and upgradeable alternative to today’s “disposable” mining machines. Proto Fleet will be free to use and available for deployment either on-premises or in the cloud. Jack Dorsey-led Block has unveiled Proto Rig, a first-of-its-kind modular Bitcoin mining system aimed at tackling the industry’s operational hurdles, and Proto Fleet, an open-source software platform for managing and optimizing mining operations, whether small or industrial-scale. “Proto Rig is an entirely new mining system,” said Thomas Templeton, Block’s hardware lead, in a livestream event held at Core Scientific’s facility in Dalton, Georgia. “It’s…

Ether has been trading within a relatively modest range recently, fluctuating between $3,300 and $3,800 in August following a big month where notable government developments helped boost regulatory clarity for the crypto space. Going forward, what major developments do ether investors need to monitor in order to keep up with this digital currency and make well-informed trades? When asked this very question, market observers highlighted a wide range of variables, ranging from Federal Reserve speculation to the rising incidence of so-called “whales,” major investors who accumulate significant amounts of the digital currency. Shadow Fed Speculation One analyst emphasized the importance…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It’s amazing how quickly things can change in one week. It feels like only yesterday that the Fed appeared unlikely to cut rates at all in September. Now, we’re beginning to price in the chance of not just a 25 basis point cut, but a 50 bps one! In a Tuesday Fox Business interview, Treasury Secretary Bessent added fuel to the speculation by saying “the real thing now to think about is: Should we get a 50 basis point rate cut in September?” I’m old enough…