Author: NBTC

LCAP debuts on Kraken: an on‑chain index token that replicates the top 10 cryptocurrencies by market capitalization, with ~90% market coverage, 1:1 on‑chain reserves, and quarterly rebalancing. Announced on September 24, 2025, the project aims to combine blockchain transparency with regulated standards. Kraken Blog and the official press release of the partnership confirm the launch date and the partners involved. According to the data collected from the on‑chain dashboards of Reserve and the official communications updated on 09/24/2025, the aggregated TVL of Reserve’s DTF exceeds $500 million. Industry analysts observe that the adoption of a certified index like the CF…

Indian tax authorities have confirmed that they are targeting more than 400 high-net-worth individuals for tax evasion on their digital asset holdings. According to the authorities, most of those targeted failed to disclose profits from their digital assets on the crypto exchange platform Binance. The authorities claimed that many have failed to disclose digital assets held on offshore exchanges in the hopes that they could escape the tax liabilities attached to them. The Income Tax department is now actively tracing these undeclared trades. In their statement, the department claimed that it is going after users who hid their crypto trades…

Shentu Chain and CertiK this week unveiled OpenMath, billed as the world’s first mathematical DeSci platform, opening a new chapter where formal mathematics, verifiable computing and blockchain meet. The launch, announced in a joint release and amplified across social channels, positions OpenMath as a space where researchers and “provers” can raise, collaborate on and verify mathematical problems with solutions recorded immutably on-chain. At the heart of OpenMath is formal verification: proofs and solutions submitted to the platform are checked using proof-assistant technology so that correctness can be mechanically verified rather than left to informal peer review. Shentu’s materials describe the…

Everything flatlined Thursday morning as investors hit pause on nearly every market: stocks, bonds, currencies, crypto, even gold. No one moved, no one blinked. Wall Street futures barely shifted, with the S&P 500 ticking up 0.1%, the Nasdaq 100 holding the line, and Dow futures creeping 52 points higher. Everyone’s watching one thing: upcoming U.S. jobs data that could flip the whole risk picture. Intel made a quiet move after hours, surging by 1.5% when Cryptopolitan reported the news that the chipmaker has reached out to Apple for a potential investment. It’s not clear how far talks have gone, but…

U.S. lawmaker negotiations over market structure legislation appear to be ongoing, but contentious. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Policy work around digital assets seems to be in a bit of a limbo as the U.S. government shut down runs through its second week. There are signs lawmakers continue to work out details on market structure legislation, which the industry desperately wants in the hopes it will cement the roles of the Securities and Exchange Commission, Commodity Futures Trading Commission…

São Tomé and Príncipe and the UAE-based tech firm IOPn have partnered to launch a blockchain powered citizenship-by-investment (CBI). Anchoring Digital Sovereignty in the UAE The Democratic Republic of São Tomé and Príncipe has partnered with United Arab Emirates (UAE)-based sovereign technology ecosystem IOPn to launch a citizenship-by-investment (CBI) program powered by blockchain. The pioneering collaboration, executed through the government’s exclusive implementing partner STP Service Advisory (STPSA), establishes the UAE as a critical exporter of sovereign digital infrastructure. As stated in a media release, the new CBI program will leverage advanced technologies—including blockchain, artificial intelligence (AI), and cloud services—all built…

According to local reports, Venezuela liquidated larger volumes in USDT than in dollars in September, executing a notable pivot toward stablecoins. This could be one of the first cases of a government using stablecoins as part of public‑spending practices. Analyst: Venezuela USDT Spending Surpassed Dollar Disbursements in September Venezuela, whose oil industry faces crippling unilateral sanctions from the U.S. government, is reportedly pivoting to stablecoins as part of a new economic strategy. Asdrúbal Oliveros, managing partner at Ecoanalítica, highlighted the move’s relevance given the dollar drought confronting the government. On social media, Oliveros revealed the magnitude of this pivot. He…

Is the Trump administration seriously weighing a pardon for Binance’s Changpeng “CZ” Zhao ? Crypto Twitter is all aflutter after Fox Business reporter Charles Gasparino tweeted a “scoop” claiming White House insiders say discussions are heating up and Trump “is leaning toward a pardon.” Gasparino is a veteran financial and political journalist—often a fixture in Wall Street/White House circles. SCOOP: People close to @cz_binance, the former @binance chief who spent some time in the can amid the Biden Admin’s crackdown on all things crypto, say discussions inside the White House are heating up on the possibility of a pardon from…

Key Notes Tether is set to release its fully open-source WDK this week. The kit includes starter wallets for iOS and Android to simplify crypto wallet creation. With this move, Tether aims to expand self-custody adoption worldwide. Tether is preparing to launch its fully open-source Wallet Development Kit (WDK) this week. The announcement came from CEO Paolo Ardoino, who explained how the toolkit will allow developers to easily build their own non-custodial digital wallets. In a post on X, Ardoino wrote that the WDK will include a ready-to-use “starter wallet” for both iOS and Android. This would offer a demonstration…

After details leaked this week of negotiations between Tether and potential investors over a $15-20 billion private placement, skeptics are asking why the company needs to raise any cash at all. After all, it claims to hold over $105 billion in cash, money markets, and US Treasuries in its reserves. According to Bloomberg, Tether is in negotiations with investors to raise funds in exchange for a 3% stake in Tether Holdings SA. With this fundraise, it hopes to achieve a valuation of $500 billion, a deal that if closed, would rank it alongside companies like OpenAI and SpaceX. Although some…