Author: NBTC

IMF Acknowledges Size of Brazil’s Crypto Market, Calls for Enhanced Oversight International financial institutions are acknowledging the size and relevance of the cryptocurrency market in Brazil and have sounded the alarms on the impact of ignoring regulations on these flows. In its latest Financial System Stability Assessment report, published this month, the International Monetary Fund (IMF) highlighted the massive growth of crypto financial rails and called for defining the regulatory framework to increase oversight on them. The report found that crypto-based cross-border flows have been steadily growing since 2017, outpacing volumes of traditional capital. Most of these flows are driven…

Stripe’s stablecoin partnerships head, Connor Fitzgerald, has stepped down after helping build the company’s global stablecoin card program from launch to operations across more than 100 markets. Connor Fitzgerald announced on X that last week was his final week at Stripe and its stablecoin infrastructure business Bridge, ending a tenure that began shortly after Stripe completed its acquisition of the stablecoin platform. Last week was my final week at @Stablecoin and @stripe.I joined one month after the acquisition closed, when no one had built a stablecoin card program with a true sponsor bank, and helped build the global card program…

As discussions continue on the Bitcoin network regarding the BIP-110 proposal, its supporters have begun preparing a remarkable contingency plan that could be activated if miners block the update’s activation. Bitcoin developer Chris Guida announced that he has repurposed the proof-of-work code, originally created by Luke Dashjr in 2017, onto a current version of Bitcoin Knots. Guida stated that this work is a last resort that could be used if miners fail to give signals indicating they are ready for BIP-110. BIP-110 stands out as a soft fork proposal aimed at temporarily restricting arbitrary data storage in Bitcoin transactions. Also…

Bitcoin-based decentralized finance (DeFi) projects are narrowing their focus to institutional investors and long-term holders as a broad market liquidity contraction reshapes the sector, according to Richard Green, director of institutions and ecosystem at Rootstock Labs, the investment arm of the Bitcoin layer-2 network Rootstock ($RIF). Market Contraction Reshapes DeFi Strategy In an interview with The Block, Green explained that as significant funds have exited the DeFi market, core customer segments—including crypto-native traders and hedge funds—have substantially reduced their activity. The DeFi sector is currently shrinking due to a large-scale decrease in overall liquidity, forcing projects to adapt their strategies.…

In a recent tweet, a16z crypto emphasized the accelerating demand for stablecoins, stating, ‘It feels like the world is going to forget that pre-stablecoins was even a thing.’ This statement underscores the significant impact stablecoins are having on the financial landscape, as noted by @PrimordialAA of @LayerZero_Core. You can view the original post here. What Went Down The current landscape for stablecoins is witnessing a remarkable transformation. With stablecoins already facilitating transactions worth hundreds of billions of dollars, their role in the financial ecosystem is becoming increasingly vital. The insights from a16z suggest that demand is not just stable but…

Evernorth Holdings, an $XRP fund preparing for a Nasdaq listing, has disclosed its executive compensation structure, tying management pay to aggressive business growth. According to a fresh Amendment No. 5 to its Form S-4, filed with the SEC, the company’s key executives received contracts ahead of the listing that include target bonuses equal to 50% of their salaries and multimillion-dollar equity packages. The company is finalizing a merger with Armada Acquisition Corp. II, a SPAC platform backed by Arrington Capital, and plans to trade under the ticker XRPN, seeking to become the world’s largest publicly traded $XRP treasury. To motivate…

Broad Oversight for Central Bank Kenya has reduced the minimum paid-up capital required for stablecoin issuers by 40% to about $2.32 million (300 million Kenyan shillings). The revised threshold, published by the National Treasury, marks a significant shift from the nearly $3.9 million proposed in draft rules last March. However, the Kenyan government retained strict oversight measures aimed at protecting investors as cryptocurrency adoption accelerates in the East African nation. Kenya ranked fifth globally in crypto adoption in Bybit’s 2025 World Crypto Ranking, with stablecoins driving cross-border payments and serving as a hedge against currency volatility in a market that…

ChangXin Memory Technologies (CXMT) had its long-anticipated IPO on Monday, July 27. The sale coincided with a spike of activity on Hyperliquid, as CXMT drew the attention of whales and retail traders. The CXMT IPO was expected to become the biggest offering on the Shanghai stock exchange since 2011. As Cryptopolitan reported, the China AI stock rush was seen as a new opportunity, and was immediately taken over by crypto traders. CXMT saw a record trading spike, as well as an inflow of crypto whales taking directional positions for one of the biggest IPOs in Mainland China. | Source: HIP-3…

Elon Musk’s net worth, which has been fueled by a massive surge in the valuation of SpaceX (SPCX), has reached an unprecedented $1.4 trillion. Following a single-day jump of $101.7 billion (7.91%), his individual net worth is above the entire market capitalization of Bitcoin. Bitcoin’s total market value is currently sitting at $1.318 trillion, CoinGecko data shows. Years ago, when Bitcoin was still a relatively small and emerging asset, its market cap was easily dwarfed by the fortunes of top billionaires. Today, however, Bitcoin is a trillion-dollar global network, which makes this wealth flip a historic and extreme anomaly. The…

South Korean police have searched the home of former Incheon Mayor Yoo Jeong-bok and city offices as part of an investigation into allegations that cryptocurrency assets were omitted from his local election financial disclosure. According to South Korea’s Yonhap News Agency, investigators from the Incheon Metropolitan Police Agency’s Anti-Corruption and Economic Crime Investigation Unit carried out search and seizure operations on Sunday at Yoo’s residence and the General Affairs Division of Incheon City Hall, where they collected evidence including mobile phones and computers as part of an investigation into alleged violations of the Public Official Election Act. The investigation centers…