Author: NBTC

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…

Solana’s token extensions were a key factor that drove the expansion of PYUSD, PayPal’s flagship stablecoin, to the Solana blockchain, said Jose Fernandez da Ponte, Senior VP of PayPal’s blockchain division, during the Solana BreakPoint event this week. Initially issued on Ethereum, PYUSD later made its debut on Solana in a bid to offer users “a fast, easy, and inexpensive payment method.” The integration was expected to improve consumer and merchant experiences. Da Ponte reiterated that during the Solana BreakPoint event, adding Solana’s token extensions made it a good fit for PayPal’s infrastructure. “The first chain was Ethereum. We all…

FTX Trading Ltd. has reached a $228 million settlement with Bybit Fintech Ltd. to end the legal battle between both entities. This move will allow FTX to recover assets from Bybit’s exchange. As part of the deal, the defunct exchange will get back $175 million in digital assets plus sell $53 million in BIT tokens to Bybit’s investment arm, Mirana Corp. The settlement comes as FTX recently received court approval for its bankruptcy plan which allowed it to repay customers using up to $16.5 billion in assets recovered after its historic collapse. The bankruptcy judge John Dorsey stated that FTX’s…

After the crypto market struggled to maintain a bullish recovery in the past few weeks following the August 5 crash, Bitcoin (BTC) price led the altcoin sector in notable losses on Friday. In the past two days, Bitcoin price has consistently closed below the crucial support level above $57k, thus indicating the bears are in control. According to the latest market data, Bitcoin price dropped over 5 percent in the past 24 hours to reach a daily low of about $52,690. The flagship coin had, however, rebounded above $53,800 on Saturday, during the early Asian session. The total crypto market…

Lazard (LAZ), a 175-year old global financial services and asset management company, is the latest among traditional financial players jumping on the asset tokenization trend, planning to create tokenized funds with Bitfinex Securities and SkyBridge Invest. The tokenized funds will be set up and issued under Kazakhstan’s financial services law, under regulatory oversight of Astana Financial Services Authority (AFSA), where SkyBridge and Bitfinex are licensed to operate. Bitfinex Securities is responsible for the tokenization process, while SkyBridge will act as broker and manager of the tokenized fund. The products will be available to retail users, but with certain geographic limitations,…

The financial market recently welcomed a new XRP Trust from Grayscale, three years after the initial one was liquidated due to the SEC-Ripple lawsuit. With the end of the suit last month, Grayscale relaunched the XRP investment product this month, on September 5. The performance of the Grayscale XRP Trust has been commendable since the relaunch, attracting attention from the XRP community. While this development further boosts optimism about XRP’s market value, some are pondering the difference between buying an XRP Trust and buying XRP tokens directly. Coach JV, a widely followed commentator in the community, attempted to clarify the…

B2C2, a provider of institutional liquidity for digital assets, announced an integration of OpenPayd’s embedded finance tools into its instant settlement network. According to the release, the partnership aims to simplify fiat currency transactions for B2C2’s clients in trade settlement processes. B2C2, a digital asset trading firm backed by Japan’s SBI Holdings, offers institutional clients liquidity across various market conditions. OpenPayd, a Banking-as-a-Service (BaaS) platform, provides global payment capabilities aimed at reducing friction in traditional banking. “Today’s digital financial ecosystem requires more agility, speed, and around-the-clock functionality—traits that conventional banking models struggle to deliver” said Massimo Di Placido, Group CFO…

Bitcoin prices took a tumble today, falling close to 8% in less than 24 hours as markets responded to several bearish variables including lackluster jobs data. The world’s most prominent digital currency dropped to $52,530 around 5 p.m. EST, according to Coinbase data provided by TradingView. At this point, the cryptocurrency was down approximately 7.8% after rising to nearly $57,000 earlier in the day, additional Coinbase figures pulled from the same source reveal. Since falling to roughly $52,500, the digital asset has bounced back somewhat, trading close to $53,800 at the time of this writing. However, the cryptocurrency has failed…

The third-quarter (Q3) earnings report abruptly ended Tesla’s (NASDAQ: TSLA) losing streak and led the electric vehicle (EV) maker to have one of its best stock market days ever, as the EV maker surged more than 24% within a single session. Subsequent market moves enabled Tesla to grow its market capitalization by some $150 billion within hours – and Elon Musk’s wealth by some $20 billion. Such a rise, while enabling TSLA to turn green in the year-to-date (YTD) chart after several months in the negative, also reignited the question of what might be next for the EV giant, particularly…