Author: NBTC

Coinbase (COIN) posted a stronger-than-expected third quarter, driven by a surge in trading activity, a rebound in asset prices and continued growth in its subscription and services business. The U.S.-based exchange reported total revenue of $1.9 billion, a 58% jump from $1.2 billion in the same period last year. Shares were up 3% in post-market trading. Transaction revenue, which remains the largest piece of Coinbase’s business, rose to $1 billion, up from $365 million a year ago. Trading volumes reached $295 billion, the company reported, lifted by renewed interest in crypto markets, particularly among retail users, whose trading volume grew…

President Donald Trump’s choice of Mike Selig to lead the U.S. Commodity Futures Trading Commission (CFTC) has drawn praise across the financial sector and the crypto community, especially among Ripple and XRP supporters. Selig, a lawyer and former CFTC official, is known for his detailed analysis of digital asset regulation. In a post on X, he said he was “honored to be nominated by President Trump to serve as the 16th Chairman of the CFTC” and pledged to promote competition, innovation, and what he called “a Great Golden Age for America’s financial markets.” David Sacks called Selig “an excellent choice”…

Singapore-based crypto exchange Bitget has seen an uptick in institutional participation, with institutional traders now accounting for roughly 80% of total volume as of September, according to a report by Bitget in collaboration with blockchain analytics platform Nansen. The report noted that institutional activity on Bitget’s spot markets climbed from 39.4% of total volume on Jan. 1 to 72.6% by July 30. Futures trading saw an even more dramatic shift, with institutional market makers growing from just 3% of activity at the start of 2025 to 56.6% by late July. The study identified liquidity as the key measure of institutional…

Traditional finance and blockchain are converging faster than ever as major institutions embrace tokenized real-world assets, setting the stage for a massive transformation in digital finance and opening new frontiers for seamless onchain investing. Wisdomtree and BNY Mellon Forge Next-Generation Blockchain Banking Partnership The fusion of traditional banking and blockchain technology continues to accelerate as major financial institutions expand access to tokenized real-world assets. Wisdomtree Inc. (NYSE: WT) announced on Oct. 28 that it has selected The Bank of New York Mellon Corporation (NYSE: BK) as its core banking-as-a-service (BaaS) infrastructure provider for its digital asset platform, Wisdomtree Prime. The…

Velo Network, known for bridging TradiFi and Web3, has signed an agreement with Evolve Chain, a strategic real-world asset (RWA) ecosystem, to transform RWA finance. The core purpose of this collaboration is to develop a such kind of multi-chain ecosystem which is capable of tokenizing a wide range of assets to connect global finance markets. Velo Protocol discloses this news through its social media platform, X account. EVOLVE Chain is poised to become a multi-chain powerhouse, revolutionizing Real World Asset finance through the tokenization of diverse assets—all while bridging Eastern and Western markets for seamless global access.As a key PayFi…

Venezuela’s Pago Móvil architect is building a regulated banking network for USDT and USDC deposits. Bolivian exchange El Dorado integrates QR code payments to streamline its peer-to-peer transaction process. Rodolfo Gasparri, president of the Venezuelan company Conexus, is developing a banking network based on decentralized technology. This project aims to enable users to make deposits and transactions using stablecoins. Gasparri is a recognized figure in the Venezuelan financial sector, having been involved in the development of the Interbank Mobile Payment system. The initiative seeks to incorporate digital assets like USD Tether (USDT) and USD Coin (USDC) within the traditional financial…

US President Donald Trump’s pardon of Binance founder Changpeng Zhao (CZ) is considered a remarkable development for both the crypto industry and the political balance of power in Washington. Zhao, who was serving a prison sentence just a year ago for providing access to money launderers, has now been released following a pardon from the White House. The pardon is attributed to the Trump administration’s friendly approach to the crypto industry and the power of its influential lobbying networks in Washington. The incident has led to comments that “anything is possible in Trump’s Washington for those with the right connections.”…

XRP is accelerating into mainstream finance as institutional demand climbs, regulatory clarity fuels adoption, CME expands crypto derivatives, and major corporations integrate XRP into operations, reinforcing its position as a leading institutional-grade asset. XRP Trading Expands on CME as Regulatory Clarity Boosts Institutional Demand Institutional enthusiasm for XRP and other digital asset derivatives continues to accelerate as traditional finance expands its presence in regulated crypto markets. On Oct. 27, CME Group (Nasdaq: CME) reported increased trading activity in XRP and solana ( SOL) futures, highlighting steady growth in cryptocurrency-linked derivatives. The trend reflects rising institutional confidence in regulated exchanges as…

Smaller Bitcoin miners are now gaining ground on their bigger competitors in the industry as post-halving competition returns. The Bitcoin mining industry has now become increasingly competitive as these middle-tier operators are now ramping up their realized hashrate in a bid to catch up with established companies in the field. According to reports, realized hashrate is a sign of a level playing field, a metric that has been used since the 2024 halving. In a report by The Miner Mag, companies like Cipher Mining, HIVE Digital, and Bitdeer have expanded their realized hashrate after several years of improving their infrastructure,…

South Korean BDACS’ official stablecoin, KRW1, will be issued on Circle’s blockchain Arc. This marks the second integration for the stablecoin after its initial launch on Avalanche. Summary South Korean firm BDACS has partnered with Circle to launch its Korean won-backed stablecoin, KRW1, on Circle’s new Arc blockchain, aiming to expand South Korea’s reach into the global stablecoin market. Fully backed by the Korean won and verified through Woori Bank, KRW1 represents South Korea’s growing push toward regulated digital assets as the government prepares new stablecoin legislations. According to a recent report by Yonhap News, South Korean digital asset company…