Author: NBTC

The recent steep decline in the market-to-net-asset value (mNAV) of companies that hold large amounts of digital assets is amplifying market anxiety. On Monday, Standard Chartered Bank warned that the falling mNAV of small to mid-sized digital asset treasury (DAT) companies is heightening market risk. Shifting Landscape for DAT Firms DAT firms are publicly traded companies that hold and manage cryptocurrencies and other digital assets as core business assets. These companies raise capital by holding Bitcoin, Ethereum, and other digital assets as primary assets on their balance sheets. In contrast, traditional firms hold cash or bonds. This model allows investors…

Coinbase, the largest cryptocurrency exchange in the United States, stated that there should be uniform cryptocurrency regulation in the country. At this point, Coinbase sent a letter to the US Department of Justice requesting that federal regulators prevent state regulations from conflicting with national crypto policies and ensure uniform regulatory clarity. Coinbase’s request comes after the state of Oregon filed a lawsuit against Coinbase for unregistered securities, despite the SEC withdrawing its lawsuit against the cryptocurrency exchange. Coinbase states that although the country’s top regulator, the SEC, withdrew its lawsuit, states are filing lawsuits in defiance of the SEC’s decision.…

US Goes Back to the Future on Crypto Trading The CFTC’s decision to make it easier for global crypto platforms to accept US customers may open the door wider for US-based traders to access liquidity, but despite the hype it was a door that was already ajar. The politicisation of commodity trading in the US was highlighted again in late August when the acting chair of the CFTC outlined the foreign board of trade (FBOT) registration framework for non-US entities looking to provide customers in the US with direct market access to their trading platforms. Join IG, CMC, and Robinhood…

Aave reached $30.5 billion in active loans on Sept. 18, representing 65% of the $46.72 billion in total active loans across decentralized protocols. Data from Token Terminal shows that the lending protocol maintains a comfortable lead over competitors. Its nearest rival, Morpho, holds less than $5 billion in active loans. Aave also commands a total value locked (TVL) of $42 billion, making it the largest DeFi protocol by TVL, based on DefiLlama data. The deposit figures would position Aave as the 53rd largest US commercial bank if it operated under traditional banking structures, placing it among the top 2.5% of…

FBS, a leading global broker, has published a new market analysis highlighting Ethereum’s growing role as the financial backbone for Wall Street. According to FBS analysts, billionaire investor Peter Thiel’s backing of ETH-focused treasuries is a strong signal that institutional capital now views Ethereum not just as a crypto asset, but as core financial infrastructure. Ethereum’s transformation is being accelerated by its staking economy. With more than $170 billion worth of ETH staked, the asset is evolving into a yield-bearing instrument, comparable to bonds. Annual yields of 3–4% make it increasingly attractive for pension funds, corporate treasuries, and institutional investors…

Blockchain venture studio Thesis*, has appointed Victoria Chan as its new chief operating officer, the company said in a press release Tuesday. The new appointment is part of a push to scale the company’s BitcoinFi ecosystem, and follows the launch of Mezo in May and Thesis’ acquisition of Bitcoin rewards platform Lolli last month. Chan, a veteran operations leader with over 20 years in tech, joins Thesis* after serving as director of developer global services at crypto exchange Coinbase (COIN), where she oversaw vendor and operational teams across blockchain operations, non-fungible tokens (NFTs), and developer tools, with an emphasis on…

The Central Bank of Russia (CBR) has listed cryptocurrencies among the main threats for the future of the country’s financial market. In an overview of its expected development, the regulator indicated it intends to boost crypto oversight and combat anonymous trading. Russia’s central bank sees crypto as a threat Cryptocurrencies and stablecoins will be a major risk for the Russian financial sector in the next few years, according to the monetary authority in Moscow. The conclusion comes from a report titled “Key Directions for the Development of the Financial Market of the Russian Federation” which covers the 2026 – 2028…

Providenciales, Turks and Caicos Islands — Crypto is taking another step into everyday life. KuCoin Pay, the payments arm of global exchange KuCoin, has teamed up with Swiss provider DFX.swiss to roll out a new payment integration at more than 100 SPAR stores across Switzerland.—The partnership plugs KuCoin Pay into DFX.swiss’s OpenCryptoQR system, enabling shoppers to settle their grocery bills with stablecoins and other cryptocurrencies. For users, the process is as simple as scanning a QR code in the KuCoin app; for merchants, settlements happen instantly in fiat—no conversion headaches, no exposure to crypto volatility.Why It MattersThis integration turns digital…

Optopia, an AI-led L2 network, has partnered with EDITH, a decentralized AI infrastructure platform. The partnership seeks to merge the agent-based execution of user intents with the tokenized compute, agent infrastructure, and energy of EDITH. As the platform disclosed in its official announcement on X, the collaboration denotes the comprehensive synergy between the blockchain ecosystems and AI. Keeping this in view, the development is set to enhance innovation by strengthening AI agents by offering real-world and scalable computing resources. 🤝 Partnership AnnouncementOptopia x @edithAPP ⚡Optopia: AI-driven Layer2 where agents execute user intents with tokenomics.EDITH: Decentralized AI supergrid tokenizing compute, energy…

BNB Chain is now once again established as a leader in decentralized finance, and the most recent figures indicate a total value locked (TVL) of $9.87 billion. The expansion indicates how the chain can draw in a broad spectrum of DeFi apps comprising of decentralized exchanges, lending protocols, yield applications and physical asset tokenization. TOP 10 #TVL ON #BNBCHAIN $CAKE $XVS $LISTA $SOLV #DeSyn $PENDLE $ASTER $AAVE $AVL $COW pic.twitter.com/aLXiVWBUkZ — PHOENIX – Crypto News & Analytics (@pnxgrp) September 19, 2025 The ecosystem is not only powerful in terms of pure value but also the diversification of projects that make…