Author: NBTC

Key takeaways ETH maintains its price above $4,300 and could rally higher soon. The cryptocurrency is gaining rapid institutional adoption. ETH stays above $4,200 as BTC, XRP falter The cryptocurrency market began the new week bearish, with Bitcoin, XRP, and other major cryptocurrencies currently in the red. BTC has dropped below $119k while XRP is defending the $3 support level. However, ETH, the native coin of the Ethereum blockchain, hasn’t given up its recent gains. Ether is up by less than 1% in the last 24 hours and currently trades around $4,303 per coin. The positive performance comes amid strong…

Inveniam Capital Partners and MANTRA have announced a strategic partnership to support the growth of RWA tokenization, with a focus on the UAE and the United States. Inveniam, which provides decentralized data infrastructure for private assets, will invest $20 million in MANTRA, a layer-1 blockchain designed for RWA tokenization. The partnership aims to bring private market assets onchain with full data visibility and monitoring. This will allow institutional investors to access these assets through DeFi using smart financial tools. Inveniam’s data and AI systems will be integrated into MANTRA’s blockchain to support private RWA solutions for asset owners and institutional…

Kraken has become the first major crypto exchange to fully adopt Distributed Validator Technology (DVT) across its Ethereum staking infrastructure, using the open-source SSV Network protocol. The move marks a major shift towards a more decentralized validator architecture for Ethereum. “Following the successful transition, essentially all of Kraken’s ETH staking infrastructure runs on distributed validator clusters, rather than single-machine validators,” a Kraken spokesperson told Blockworks. DVT decentralizes validator operations by splitting responsibilities across multiple independent nodes that cooperate to perform attestations and block proposals. Kraken said each validator is now operated by “a cluster of typically four independent nodes,” with…

CreataChain, a next-gen blockchain platform, has collaborated with DeChat, a secure and open Web3 communication platform. The partnership focuses on advancing the Web3 communication with enhanced interoperability and security. The platform revealed in its official social media announcement that the move endeavors to integrate the Lunar Link technology of CreataChain into DeChat’s secure and open Web3 communication ecosystem. Hence, the development highlights a key step toward enhancing multi-chain interoperability. 💬🤝🔗 Powering the Future of Decentralized CommunicationWe’re proud to partner with @DeChat_io — the open, secure Web3 communications protocol trusted by 500K+ users worldwide.With CreataChain’s Lunar Link, DeChat can unlock seamless…

Ethereum’s spot ETF market has just had its elevator pitch – and it is starting to catch on. Nate Geraci, president of the ETF Store and a long-time commentator on fund trends, put it in five words: The “backbone of future financial markets.” For an asset that has often been more tricky for traditional finance to get on board with, that is a big step toward the kind of clear story that Bitcoin had from day one. So, Bitcoin’s story was pretty straightforward – “digital gold” – a simple metaphor that clicked instantly with investors who already understood commodities and…

By Omkar Godbole (All times ET unless indicated otherwise) As the crypto market reels under U.S. stagflation concerns, traders on the decentralized platform Polymarket are seeing a more than 50% chance of bitcoin prices dropping into five figures before year-end. Shares in the Yes side of Polymarket’s “Will bitcoin dip below $100K before 2026” contract traded at 55 cents, implying a 55% probability. That pricing looks justified against the backdrop of recent economic data. “With both manufacturing and services ISMs now weaker than the most bearish forecasts, the market is coming to terms with something darker: Job growth could be…

Crypto exchange OKX is bringing its latest yield product, On-chain Earn, to Singapore. It is offering Accredited Investors in the city-state a streamlined way to stake and earn on their digital assets through a regulated platform. This comes amid Singapore’s sudden crackdown on unlicensed crypto exchanges. It has forced firms serving overseas clients to shut down or relocate. However, the digital assets market went on to touch new highs lately, flashing signs of the bull run to continue after a minor halt. Accredited Investors have been looking to grow the value of their digital assets but found no time to…

Saudi Arabian bank, Saudi Awwal Bank (SAB), a Riyadh-based Saudi joint stock company in which global banking group HSBC owns a minority stake, has announced the world’s first Islamic Repo on blockchain in partnership with Oumla, a secure, scalable blockchain infrastructure provider for businesses, enterprises, and governments. The blockchain-enabled Islamic Repo allowed SAB to lend to other banks in compliance with Islamic finance principles using blockchain to make the process faster, safer and more transparent. The implementation comes months after SAB’s virtual assets Summit. Proud to deliver KSA’s 1st Islamic Repo on blockchain with Oumla & our key partners —…

Ethereum price rallied over 19% in the past week. With the price now only 12% below its all-time high, traders are watching for potential signs to gauge direction as the market heads into a pivotal week. Summary Ethereum has gained over 19% in the past week, and is trading just 12% below its all-time high. Spot Ethereum ETFs recorded a record $1 billion in net daily inflows Key U.S. economic data set to be released this week could shape ETH price trajectory. Ethereum (ETH) breached the $4,000 resistance level earlier this week for the first time since December last year.…

Tokenized stocks may be approaching a tipping point as investor demand for blockchain-based financial products surges, potentially accelerating the adoption of traditional assets onchain. Tokenized stocks, which are part of the growing real-world asset (RWA) tokenization sector, reached a $370 million market capitalization by the end of July, according to a Wednesday Binance Research report shared with Cointelegraph. The lion’s share, $260 million, was attributed to Exodus Movement (EXOD) shares issued through Securitize. Excluding this figure, the market capitalization of tokenized stocks rose to $53.6 million, marking a 220% monthly increase since June. Tokenized stocks are seeing the same pace…