Author: NBTC

TL;DR Alchemy Pay now allows users in over 170 countries to easily purchase Ondo’s USDY token with local fiat money. USDY blends stablecoin convenience with the security of US Treasuries, offering constant availability and fast settlement on Solana. This collaboration boosts mainstream adoption of tokenized real-world assets by bridging crypto and traditional finance through accessible payment methods. Alchemy Pay’s recent move to integrate Ondo Finance’s USDY token on Solana into its fiat on-ramp network expands practical access to yield-bearing digital dollars for millions worldwide. With this addition, users can acquire USDY directly using their local currencies through trusted channels like…

Disney has filed a U.S. patent that points to a future where your real-world theme park experiences could directly connect with NFTs. The idea could utilize Chainlink’s oracle technology, which enables smart contracts to access and respond to real-world data. Disney is quietly shaping a future where digital collectibles do more than sit in your crypto wallet; they unlock real-world experiences. A newly published U.S. patent titled “Systems And Methods For Effectuating Real-world Outcomes Based On Digital Assets Of Users” takes their earlier NFT work to the next level. The concept builds on Disney’s previous NFT-related patents but goes a…

SharpLink Gaming (SBET), the ether (ETH) treasury company led by Ethereum co-founder Joseph Lubin, continued its buying spree bringing total holdings above $1.3 billion. The firm said in a Tuesday press release that it acquired 79,949 ETH over the last week at an average price of $3,238, its largest weekly purchase ever. With the latest acquisition, the firm held 360,807 ETH as of July 20, worth roughly $1.33 billion at current prices. The company still has $96.6 million of funds raised by selling shares through its at-the-market equity for more ETH purchases, the company said. SBET shares were 6% up…

The governor of the Bank of England, Andrew Bailey, wrote a letter to the G20 yesterday stating that the Financial Stability Board (FSB) — the forum’s financial overseer, which Bailey was appointed to head in April — is assessing the role of stablecoins in payments and settlements as a top priority. To the point: an analyst at Standard Chartered says that, once stablecoins hit the $750 billion mark, they may begin to influence the structure of U.S. Treasury markets. (Their market cap is currently at roughly $258 billion according to DefiLlama.) We also have Deribit making it possible for USDC…

Plasma, the EVM-compatible Bitcoin sidechain geared toward stablecoins, opened the doors to its token sale today for users who staked stablecoins in the Plasma vault in June. The chain is selling 10% of the XPL token supply at a $500 million valuation, utilizing the Sonar ICO platform to facilitate Know Your Customer (KYC) requirements. The token sale will be open to eligible participants for roughly ten days, with the XPL token slated to officially launch alongside the Plasma mainnet beta. Plasma is backed by USDT issuer Tether’s sister company, Bitfinex, as well as Framework Ventures and Peter Thiel’s Founders Fund.…

Crypto regulations remain unclear in India, but platforms must register with FIU-IND under anti-money laundering rules. Traders face 30% tax on profits, 1% TDS on every trade, and no loss offsets. The Indian government have stirred up fresh confusion for crypto users and traders. Currently, global crypto exchanges in India exist in a grey area, as they are neither legal nor illegal, and crypto assets remain unregulated under Indian law. Regulation Unclear, But Compliance Mandatory “At present, crypto or virtual assets are not regulated in India. Consequently, the question of the legality or illegality of specific crypto platforms does not…

Has Russia turned Kyrgyzstan’s booming crypto market into a backdoor for moving funds? A new report sheds light on how Kyrgyz-registered exchanges are helping Russian networks evade sanctions. Summary TRM Labs says Kyrgyzstan-based crypto exchanges are helping Russian networks to reroute funds. Kyrgyzstan’s crypto industry is thriving with billions in transactions, but weak oversight leaves it vulnerable to misuse. The Russian ruble-backed stablecoin A7A5 and shell VASPs tied to sanctioned groups are at the center of this growing sanctions evasion network. According to TRM Labs, Kyrgyzstan’s crypto industry has exploded from near-zero to billions in activity since passing its “On…

Bitcoin Core developers have been trying to squash a cockroach of a bug that has bothered full node operators since 2020. This month, it seems like they might have finally exterminated the pesky disk fill attack once and for all. The disk fill attack physically annoys the machines that operate full nodes. Attackers use commands like LogPrintf, LogInfo, LogWarning, or LogError to force the hard drives of victims to excessively write superfluous data to disk. Especially for cheap or older nodes that use non-flash storage with a spinning disk, this excessive logging overwhelms their hard drives, filling it with pointless…

A total of $1.7 billion worth of Ethereum (ETH) withdrawals from decentralized finance (DeFi) protocol Aave in the past week have caused significant market volatility. This move by giant investors significantly reduced liquidity on the platform, briefly pushing borrowing rates above 10%. While this increase meant short-term gains for users who deposited their Ethereum to lend on Aave, it turned into a full-blown crisis for investors who implemented strategies to increase their Ethereum staking returns, called “looping.” Looping investors were earning profits by reinvesting Ethereum they had borrowed at low interest rates. However, a sudden increase in interest rates made…

Ethereum validators are experiencing the longest wait times in over a year to withdraw their staked ETH, as growing demand for staking collides with the network’s built-in exit limitations. According to data from ValidatorQueue.com, validators seeking to exit the Ethereum network must now wait approximately 8 days and 6 hours to complete the process, marking the highest delay since early 2023. At the same time, the queue to join the network as a new validator has also surged, with a wait time of around 6 days and 10 hours, the longest since April 2024. The widening gap between entry and…