Author: NBTC

SEOUL, South Korea – January 2025. In a strategic move poised to redefine the nation’s financial landscape, South Korea’s banking sector is consolidating its position to advocate for the issuance of a government-backed digital currency. Crucially, the banks are pushing for a won stablecoin model that would allow them to pay interest to holders, a proposal that could fundamentally alter the relationship between traditional finance and digital assets. This initiative emerges as the South Korean government prepares to enact the landmark Digital Asset Basic Act, setting the stage for a pivotal shift in monetary policy and consumer banking. The Strategic…

In a significant development for digital asset policy, U.S. Senate Democrats will convene a closed-door meeting on February 4th, 2025, to deliberate the proposed CLARITY Act, a move that could define America’s regulatory approach to cryptocurrency for years to come. This pivotal gathering, first reported by journalist Eleanor Terrett, represents the first Democratic caucus discussion on the subject since a parallel Republican meeting was postponed last month, highlighting the growing urgency and complexity surrounding crypto legislation in Washington D.C. The CLARITY Act Takes Center Stage The upcoming meeting focuses squarely on the Crypto-Asset Reporting, Liquidity, and Integrity Transparency (CLARITY) Act.…

Ethereum price today trades near $2,290 after crashing to $2,156, its lowest level since October 2024. $ETH’s crash came alongside Bitcoin’s drop to $74,500, triggered by Trump’s hawkish Fed Chair nomination and Iran port explosion. However, $ETH underperformed $BTC significantly, falling over 20% compared to Bitcoin’s 15% decline. $306 Million Liquidation Wave Hits Long Positions $ETH Derivatives Data (Source: Coinglass) The derivatives market bore the brunt of the crash. Over the past 24 hours, $306.96 million in $ETH positions were liquidated, with $213.92 million coming from longs and $93.04 million from shorts. The 2.3x imbalance shows leveraged bulls were caught…

The Reserve Bank of India (RBI) is pushing a plan to link central bank digital currencies (CBDCs) across BRICS nations to streamline cross-border trade and tourism while chipping away at the U.S. dollar’s dominance. Sources told Reuters that the RBI urged the government to add the proposal to create an interconnected system of CBDCs to the agenda of the 2026 BRICS summit to be hosted by India later this year. That would be the first such formal attempt to create a CBDC link among BRICS members: Brazil, Russia, India, China, South Africa and newer compatriots like the UAE, Iran and…

In a bid to respond more “quickly to crypto failures,” such as the collapse of QuadrigCX, Canada’s top investment industry regulator rolled out a new digital asset custody rules tightening standards on digital asset custody. The industry-led Canadian Investment Regulatory Organization (CIRO) said its new Digital Asset Custody Framework is designed to allow it to respond more quickly to risks, including hacking, fraud, weak governance and insolvencies that have left investors exposed in past incidents. “Many of the expectations in the framework were developed in close consultation with [crypto-asset trading platforms] and their custodians and reflect practices already in place,”…

In a significant move that underscores institutional confidence, Bitmain Technologies Ltd. (BMNR) executed a major cryptocurrency acquisition last week. The Beijing-based mining hardware giant purchased an additional 41,788 Ethereum ($ETH), solidifying its position as a titanic holder within the ecosystem. This strategic accumulation, confirmed in a company disclosure dated February 1, brings Bitmain’s total Ethereum treasury to a staggering 4,285,125 $ETH. Consequently, the firm now controls approximately 3.55% of Ethereum’s entire circulating supply, a concentration that carries profound implications for network dynamics and market sentiment. Furthermore, the disclosure revealed complementary holdings of 193 Bitcoin ($BTC) and a substantial $586 million…

Key Takeaways Digital asset investment products saw almost $2.2 billion in inflows, marking the strongest week since October 2025. Bitcoin led with over $1.5 billion in inflows; Ethereum and Solana attracted $496 million and $45 million, respectively. Investors poured approximately $2.2 billion into digital asset products last week, marking a peak in weekly inflows not seen since October 2025, according to CoinShares. By assets, Bitcoin dominated with over $1.5 billion in new capital. Ethereum trailed with nearly half a billion dollars, while XRP rounded out the top performers with inflows topping $69 million. Funds tied to Solana, Sui, Litecoin, and…

President Donald Trump’s negotiators on the U.S. Senate’s crypto market structure bill refuse to sign off on legislation that goes after the president directly for his digital assets business ties — one of the chief points Democrats have demanded in talks over how the U.S. industry should be governed. Some of the earlier proposals for the ethics provisions in the bill — especially those proposed by Senator Adan Schiff of California — were “completely outrageous,” Patrick Witt, the executive director of the President’s Council for Advisors for Digital Assets, told CoinDesk TV in an interview Tuesday at the Ondo Summit…

Older and mid‑range mining rigs like the Antminer S19 XP+ Hydro, Whatsminer M60S and Avalon A1466I have reportedly already crossed shutdown thresholds, while even newer S21 units are nearing viability limits. The Profitability Cliff The bitcoin mining industry is facing a severe profitability squeeze this week as a combination of falling cryptocurrency prices and high network difficulty forces several mining rigs into the red. According to the latest data from Antpool, current market conditions have pushed multiple hardware models past their “shutdown price.” Based on a standard electricity cost of $0.08 per kilowatt-hour, the data reveals a grim landscape for…

Ethereum fell to a low of $2,156 early Monday following a five-day drop as the crypto market intensified its sell-off. According to Alicharts, the $2100 to $2,250 zone has served as a key support range for Ethereum ($ETH) over the past two years. The $2,250–$2,100 zone has served as a key support range for Ethereum $ETH over the past two years. pic.twitter.com/qWEDtg5Wxp — Ali Charts (@alicharts) February 2, 2026 Momentum indicators, including the daily RSI, are at oversold levels, below 30, indicating the possibility of a relief rally in the coming sessions. $818 million in market liquidations A total of…