Author: NBTC

Tokenized treasuries won’t fully replace stablecoins, JPMorgan said. Stablecoins have a regulatory advantage because they are not classified as securities, the report noted. Liquidity in stablecoins is also much higher than tokenized treasuries, the bank said. Stablecoins are unlikely to be fully replaced by tokenized treasuries, JPMorgan (JPM) said in a research report Thursday. It is “conceivable” that over time, tokenized treasuries could replace most of the cash sitting unused within stablecoins, the report said. Still, the bank said a full replacement of stablecoins seems unlikely. This is because tokenized treasuries are at a regulatory disadvantage due to their classification…

Regarding trading, the activities remain volatile in NFT markets. On the 28th of October, 2024, CryptoPunks emerged as the best-seller collection according to the 24H volume. The cryptopunks dominated the market with a trading volume of $ 461.8K, considered valuable in the collector’s market. Some other collections, such as Guild of Guardians and Pudky Penguins, also showed high performance, proving diverse interest in the NFT market. #NFT MARKET OVERVIEW TOP COLLECTION #CryptoPunks – 24H Volume $461.80KTOP SALE… pic.twitter.com/6OumBBhYZ4 — PHOENIX – Crypto News & Analytics (@pnxgrp) October 28, 2024 CryptoPunks Hold Top Spot in 24-Hour Volume CryptoPunks continue solidifying their…

Over the past few days, prominent investors have been increasingly betting on XRP, loading up on the token with their holdings near an all-time high. Specifically, on-chain data from Santiment shows that whales have accumulated over 380 million tokens in the past ten days. Renowned market watcher Ali Martinez brought attention to this development in a post on X. Notably, these investors, who have been accumulating XRP over the past weeks, typically hold between 10 million and 100 million XRP. This move confirms that large investors see potential in XRP over the next few days or weeks. The on-chain data…

Major League Soccer launched a new NFT collectibles platform called MLS Quest on the Sui network Monday, in a team-up with crypto startup Sweet. The free-to-play experience lets soccer fans search for Key Play of the Game Medallions at online and physical pick-up zones across North America, including at real-life MLS matches. Once claimed, the digital medallions will reveal highlights from past and present MLS matches. Fans who collect all four medallions from a single match will complete a “quest” and unlock rewards such as team merchandise, autographed jerseys, tickets, and exclusive experiences. Collecting is now an epic adventure! Dive…

Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging it for remittances and international payments. First Bank in Bolivia Introduces USDT Services Private institutions are now entering the cryptocurrency and stablecoins market in Bolivia. Bisa Bank, the fourth largest banking institution in the country, has recently introduced a suite of stablecoin products to allow customers to purchase, sell, and keep USDT using its services. The inclusion of…

Shytoshi Kusama, the mysterious Shiba Inu lead developer, attended the TOKEN2049 blockchain conference in Singapore this week, continuing his “meet-and-greet” initiative that started earlier this year. Kusama began to appear in public, talk to the SHIB booth’s visitors from the crypto community, and also give interviews to the media. A YouTube crypto blogger Raajeev Anand published a video on his X account, where he briefly speaks to Shytoshi Kusama, hearing an important statement from the SHIB lead. Next 2 week for $SHIB is more Interesting 🤨 @ShytoshiKusama pic.twitter.com/gyTyN3XfP8 — Raajeev Anand (@rajeevanandspur) September 19, 2024 Kusama said that the next…

Bitcoin UTXOs (Unspent Transaction Outputs) reportedly dropped to the lowest level since October 2023 to the present month. As per the stats disclosed by CryptoQuant, an 0n-chain crypto analytical platform, it is revealed that Bitcoin UTXOs dropped to 68.5% from 99% in June 2024. This declined proportion has sparked many speculations in the crypto market, changing the sentiments of crypto investors toward Bitcoin ($BTC). #Bitcoin UTXOs in Profit Drop to Lowest Level This Year“The last time the percentage of Bitcoin UTXOs in profit dropped to 68.5%, Bitcoin’s price saw a significant surge of 273%.” – By @EgyHashX Read more 👇https://t.co/QzwbCw2EoW…

Maelstrom has parked 5% of its funds in staked USDe, Hayes told CoinDesk in an email interview. The fund will rotate that money into crypto after the election results are clear and the losing side accepts the defeat, Hayes added. It doesn’t matter who wins beyond the short-term, Hayes quipped. With the U.S. election just a week away, markets are waiting with bated breath for the political event that has created “high uncertainty.” Arthur Hayes, chief investment officer at digital asset investment fund Maelstrom and co-founder of BitMEX, is hedging the election risk with Ethena Lab’s USDe stablecoin while maintaining…

At Solana Breakpoint 2024 in Singapore, the atmosphere was electric with excitement as the Solana community gathered to witness groundbreaking updates. SolanaFloor recently shared some exciting news on X: Franklin Templeton, a global asset manager overseeing $1.3 trillion in assets, plans to launch a mutual fund on the Solana blockchain. This announcement was made during the Solana Breakpoint 2024 event, highlighting the increasing institutional interest in the blockchain space. 🚨BREAKING BIG: $1.3 trillion asset manager Franklin Templeton (@FTI_US) plans to launch a Mutual Fund on @Solana blockchain.Source: Solana Breakpoint 2024 pic.twitter.com/F7c5KdEspF — SolanaFloor (@SolanaFloor) September 20, 2024 Franklin Templeton’s move…

Bitcoin has continued its bearish momentum as its price has now slipped below $56,000. Here’s what could be behind this trajectory, according to CryptoQuant’s Head of Research. Bitcoin On-Chain Metrics Are All Giving Bearish Signals Right Now In a new thread on X, CryptoQuant Head of Research Julio Moreno has discussed why the original cryptocurrency has been struggling recently. “Bitcoin price is down simply because there is no demand growth,” notes the analyst. To showcase how demand for the asset has been looking like, Moreno has shared the chart for the “Apparent Demand” indicator, which leverages on-chain data to estimate…