Author: NBTC

President Donald Trump’s approval rating has languished, but his relentless cheerleading for the crypto industry has won him a segment of loyal friends among U.S. voters: crypto investors who step outside their personal politics to praise his work and see the president and his Republican allies as the best bet for progress in digital assets. The congressional midterms coming next year may continue to see a significant voting block up for grabs by candidates advocating for crypto-friendly policy, with 64% of investors in a new poll saying a candidate’s crypto stance is important to them, according to answers from the…

An important step has been taken by the US Securities and Exchange Commission (SEC) regarding cryptocurrency storage. The SEC has issued a no-action letter stating that investment advisors can use state-chartered trust companies as “qualified custodians” for crypto assets. Under the Investment Advisers Act of 1940, investors’ assets must be held in qualified custodians, such as banks or nationally chartered trust companies. The new guidance clarifies that state-licensed trust companies are also covered, giving investment advisors and registered funds a wider range of options for crypto asset storage. “This additional clarity was necessary because state-licensed trust companies were not universally…

The head of Ripple legal claims that the U.S. SEC ceased to appeal crypto enforcement cases. Ripple Track posted a video clip by Stuart Alderoty who provided the update. It overturns a legal fight that has lasted several years, which started in December 2020. Markets reacted quickly. XRP increased and the volume of trade surged. The relocation eliminates a significant legal ambiguity to both Ripple and certain colleagues. 🚨 JUST IN: Ripple’s Chief Legal Officer Stuart Alderoty drops an absolute bombshell 💣“The SEC has officially dropped EVERY case against crypto companies in the U.S.” ⚖️🔥This marks the end of the…

The largest Bitcoin ETF in the world has just revamped its process for moving coins in and out of the fund. BlackRock’s IBIT, which has accrued more than $20 billion since launch, can now process creations and redemptions “in kind.” The SEC’s approval order quietly flipped the switch: IBIT’s authorized participants can now swap Bitcoin directly against shares instead of only taking or delivering cash. While it might sound like a small operating change, the effects could be anything but minor. When spot ETFs went live in January 2024, the SEC required them to be created in cash. If you…

The nation’s biggest labour federation, the AFL-CIO, has come out against the Senate’s crypto regulation proposal, arguing that the measure lacks sufficient worker protections and could endanger financial stability. AFL-CIO director Jody Calemine wrote, referring to the RFIA bill, “This bill’s treatment of crypto assets poses risks to both retirement funds and to the overall financial stability of the U.S. economy. As drafted, this bill will enable the crypto industry to operate in wider and deeper ways in our financial system without sufficient oversight or meaningful safeguards.” The AFL-CIO says the legislation will only augment the burden on FDIC-backed banks…

IREN stock price jumped by more than 2% and approached its all-time high after a major $14 billion deal between Meta Platforms and CoreWeave and after a bullish report on AI spending from Citi. Summary IREN stock price soared after a big deal between Meta Platforms and CoreWeave. Meta will buy AI computing power from CoreWeave in a $14 billion deal. IREN jumped as investors predicted a similar deal with a hyperscaler. IREN, a popular Bitcoin (BTC) mining company, jumped to $46.80, a few points below the all-time high of $49. It has advanced by 870% from its lowest level…

A new report by fintech analytics firm Rebank explains the potential of RWAs to reshape the financial system. Summary RWAs represent a major shift in how the financial system works Tokenized assets are still small, but their growth is accelerating RWAs are for finance what email is for paper mail, says fintech analytics firm. On Tuesday, Sept. 30, Rebank published a report titled Real World Assets: The Practitioner’s Guide, detailing the potential role RWAs may play in the future of finance. According to the report, the main benefit of RWAs is the programmability and composability of digital assets. Traditionally, assets…

President Donald Trump signed an executive order Tuesday directing the National Institutes of Health to spend $50 million developing AI systems to analyze data related to childhood cancer, in a move the administration said could “fundamentally transform” how young cancer patients are treated in the United States.  “The treatments of the future will have the promise of a higher cure rate as well as lower side effects,” Jay Bhattacharya, director of the National Institutes of Health, told reporters Tuesday. “With this executive order, we have a real chance of making this promise real.” A White House official told reporters Tuesday…

Video game veteran John Smedley—who helped build fan-favorites EverQuest, H1Z1, and PlanetSide—debuted his crypto open-world persistent shooter Reaper Actual on Wednesday in what is branded as a “Foundation Alpha” playtesting phase.  Smedley has previously faced backlash from his non-crypto gaming fanbase due to Reaper Actual’s use of crypto, although it is entirely optional. He has previously estimated that only 8% of the player base will use the NFT marketplace, where they can trade in-game characters, bases, and cosmetics. “Reaper Actual is first and foremost a skills-based shooter, and that will never change. But building on Etherlink with the help of…

Local Japanese governments are increasingly partnering with corporations to leverage Non-Fungible Tokens (NFTs) for regional revitalization and to attract international visitors. This trend, accelerating rapidly throughout 2025, marks a significant pivot to incorporating Web3 technology into the nation’s core economic strategy. Today alone saw major developments: Toda Corporation, JTB, and Fujitsu launched a pilot program in Echizen City, Fukui Prefecture, utilizing NFTs to enhance Digital Transformation (DX) in tourism and boost inbound traffic . Separately, Shizuoka-based SFG Marketing announced its entry into the NFT business after successful early trials. Toda, JTB & Fujitsu launch “ECHIZEN Quest,” an NFT-powered tourism project…