Author: NBTC

Tether, issuer of the largest stablecoin by market capitalization, said first-quarter net profit was $1.04 billion and excess reserves increased to a record $8.23 billion. The company did not provide year-earlier or fourth-quarter figures. It reported a net profit of more than $10 billion for all of 2025. The amount of the dollar-pegged $USDT in circulation remained stable, with total token-related liabilities of about $183 billion as of March 31, the firm said in its quarterly report. The company’s total assets are just under $192 billion, it said. The report was released at a time of increasing global demand for…

TL;DR: $XLM has been officially classified as a “digital commodity,” joining a select group that includes Bitcoin, $XRP, Solana, and Cardano. The Stellar ecosystem manages over $1.4 billion in Real-World Assets (RWA) under its Soroban platform infrastructure. Top-tier institutions like Franklin Templeton and Spiko already operate multi-million dollar funds on the network, leveraging the new legal clarity. The CEO of the Stellar Development Foundation, Denelle Dixon, reacted positively to the recent regulatory guidance granting $XLM digital commodity status. According to Dixon, this classification is more than a formality; it is the validation of a long-term strategy that positions the network…

The White House is aiming for July 4 for Congress to pass the Digital Asset Market Clarity Act, Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, told CoinDesk’s Consensus Miami conference on Wednesday. “We’re targeting July 4th. I think that would be a tremendous birthday present for America, celebrating our 250th,” Witt said. The mechanics, according to Witt, are: Senate Banking Committee markup this month, four working Senate weeks in June for floor passage and enough runway for a U.S. House of Representatives vote before the Independence Day deadline. That timeline runs ahead of the…

South Korean cryptocurrency exchange Bithumb has announced that it will rename the digital asset EigenLayer ($EIGEN) to EigenCloud. The change is scheduled to take effect at 9:00 a.m. UTC today. Details of the Rebranding According to an official notice from Bithumb, the ticker symbol and project name for EigenLayer will be updated to EigenCloud on the platform. The exchange has not provided a detailed explanation for the name change, but such rebranding efforts are not uncommon in the crypto industry, often reflecting a shift in project focus, technological upgrades, or efforts to avoid trademark conflicts. What This Means for Traders…

Porvenir, the largest Colombian pension fund manager, opened the doors to cryptocurrency to its users by launching a new crypto investment portfolio option. “ Crypto Porvenir” allows exposure to crypto assets starting from 100,000 Colombian pesos, leveraging BlackRock’s IBIT ETF to simplify management and minimize costs. Key Takeaways: Porvenir launched a crypto portfolio using Blackrock’s IBIT ETF for Colombian pensioners. Tapping into Latam’s 64% annual adoption growth, Porvenir mainstreams IBIT in pension funds. Following Proteccion, Porvenir next seeks to democratize access to crypto as a retirement investment. Porvenir Launches Crypto Investment Options Leveraging Blackrock’s IBIT ETF Cryptocurrencies have entered Latam…

TL;DR: Supply Milestone: The Solana ecosystem has reached an all-time high of $17.9 billion in fiat-pegged assets. $USDC Dominance: Circle leads the market within the network, with its $USDC stablecoin representing over 56% of the total available supply. Transfer Leadership: Data from Allium Labs confirms that Solana outperforms other chains in real transfer volume, filtering out wash trading. The Solana network recorded a total stable asset supply of $17.9 billion, consolidating its strategic position in the crypto market. This stablecoin boom is occurring against a backdrop of high global volatility, where investors are seeking a safe haven in the digital…

Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money. Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz, and Ripple, has spent $28 million across competitive 2026 primaries. Combined with pro-AI group Leading the Future, which launched in August 2025 and has raised more than $75 million, the two industry-aligned groups have together deployed over $100 million in the current midterm cycle. The spending arrives against a difficult backdrop. A Public First poll conducted for Politico in April,…

Woori Bank has become the first major South Korean bank to enter the market for cryptocurrency-based airline ticket payments, according to a report by The Korea Economic Daily. The move marks a significant step in the integration of digital assets into traditional financial services in one of the world’s most active cryptocurrency markets. How the Crypto Airline Payment System Works Under the new system, when an airline accepts payments in cryptocurrencies such as Bitcoin, Woori Bank will manage the entire settlement process. The bank’s Woori Safe Settlement service handles the reconciliation between payment and ticketing, enabling airlines to offer tickets…

World’s largest cryptocurrency Bitcoin is being viewed as a stronger hedge against inflation after Bitmine CEO Tom Lee said the asset has outperformed inflation 97% of the time, better than gold. He also pointed to growing institutional interest, saying Ethereum could benefit from Wall Street tokenization and AI-driven infrastructure development. Bitcoin Outperforms Gold as Inflation Hedge Speaking at the Futu Investment Exhibition, Tom Lee said that many investors still trust gold as the safest asset during inflation. However, historical data show gold has not always protected wealth as people believe. He said that in the last 55 years, gold has…

New Financial Times reporting says Donald Trump Jr. and Eric Trump are set to gain exposure to a Kazakhstan tungsten venture through Skyline Builders, a Nasdaq-listed company that has signed a transaction agreement with Cove Kaz Capital Group to create Kaz Resources Inc. if completed. Skyline and Cove, Kaz said, is expected to trade under the ticker KAZR if the deal closes. The target projects sit within a US critical minerals policy lane focused on supply-chain resilience and reduced reliance on Chinese-controlled resources. Public transaction materials state that the Export-Import Bank of the United States issued a letter of interest…