Author: NBTC

Coinbase CEO Brian Armstrong is calling the Digital Asset Market Clarity Act (DAMCA) a “freight train,” as reported by Cointelegraph. He says the bill has strong support from both the Republicans and Democrats. The crypto clarity act aims to bring clear rules to the crypto world. For many years, builders and investors have worked with confusion. This bill could finally give the industry the proper plan that it needs. What the Bill Tries to Do The Digital Asset Market Clarity Act wants to draw a clear line between different kinds of assets. That means choosing which group will handle each…

Key Takeaways Coinbase has added Centrifuge (a real-world asset protocol) and Troll (a memecoin) to its asset roadmap, suggesting possible future trading support. Centrifuge focuses on tokenizing real-world assets for DeFi and has surpassed $1.1 billion in total value locked. Coinbase added Centrifuge and Troll to its asset roadmap today, signaling potential future trading support for the real-world asset protocol and meme coin on the leading US crypto exchange. Centrifuge, a blockchain protocol specializing in tokenizing real-world assets like invoices and credit funds for decentralized finance applications, has attracted significant institutional interest. Its total value locked surpassed $1.1 billion by…

JPMorgan Chase US chief economist Michael Feroli said he expects the Fed to cut interest rates by 25 basis points next week. Feroli noted that some members wanted a larger rate cut, but none favored leaving rates unchanged. He also noted that the Fed’s dot plot projections are expected to project another rate cut after 2025. Meanwhile, the probability of a US government shutdown this year has risen to 54%, the highest in months, according to data from prediction market Kalshi. Senate Majority Leader Chuck Schumer has warned that Democrats are prepared to deplete government funds if Republicans refuse to…

The National Anti-Money Laundering Council of Fiji has once again reaffirmed the prohibition on Virtual Asset Service Providers (VASPs). In its statement, the body cited several reasons, highlighting serious national security and financial integrity concerns as the major reasons. In its statement, the Council mentioned that virtual assets like cryptocurrencies pose huge risks of money laundering, terrorist financing, and proliferation financing due to the anonymous and decentralized nature of the assets. “Cryptocurrencies enable rapid, cross-border transactions that are difficult to trace, making them attractive to criminal networks and extremist groups,” the Council chairperson, Selina Kuruleca, said. Fiji remains adamant on…

Shares of Gemini (GEMI) opened at $41 a share on the Nasdaq Global Select Market on Friday, rising 45% from last night’s IPO price. The crypto exchange, which is run by Tyler and Cameron Winklevoss, priced its IPO at $28 a share, valuing the company at around $3.3 billion. It had sold 15.2 million shares, raising $425 million. Gemini posted a net loss of $283 million in the first half of the year. That follows a $159 million loss for all of 2024, according to the company’s latest financials. Despite the deepening red ink, Gemini priced its IPO nicely above…

Binance, the leading cryptocurrency exchange, has announced the 42nd initiative on the HODLer Airdrops page. Hence, Binance is bringing 0G ($0G), an AI L1 chain to organize software and hardware assets to handle large-scale AI workloads, to HODLer Airdrops page ahead of its listing. As Binance’s official press release discloses, $BNB token holders who have subscribed to Simple Earn and On-Chain yield products within the September 15-September 17 range are eligible for the airdrop. #Binance is excited to announce the 0G (0G) HODLer Airdrop – @0G_Foundation $0G.BNB Holders, get ready! The Airdrop page will be available on the Binance Airdrop…

Gemini debuted on the Nasdaq at a roughly $4.4 billion valuation on Friday, as the crypto exchange’s shares immediately jumped above their initial offering price. The Winklevoss twins-founded firm’s stock opened at $37.01 apiece, a 32% increase compared to its upped IPO price of $28, according to Yahoo Finance. That initially gave Gemini a $3.32 billion valuation. The company previously targeted a range of $24 to $26 per share. Trading under the ticker symbol “GEMI,” Gemini was established in 2014, and it raised $425 million through its IPO, according to Decrypt calculations based on regulatory filings. Reuters reported that the…

Cheongju City in South Korea has introduced a new way to recover unpaid local taxes. The city government has opened its own virtual asset trading account. This allows it to handle and sell seized crypto assets from tax delinquents. This step comes after years of difficulty in converting seized digital assets into cash. Since 2021, Cheongju has seized crypto from 203 taxpayers who failed to pay local taxes. But these assets were stuck because there was no direct way to monetize them. By launching its own crypto account, the city now has the tools to convert seized tokens into cash.…

Tron’s latest entrant in decentralized derivatives, Sunperp, has opened for traders, adding a new venue to a field crowded by perp players like Hyperliquid, Avantis, Aster, Dydx, GMX, and Jupiter. Sunperp Opens on Tron; Traders Eye Fees, Slippage, and Funding Positioned as a perpetuals-focused decentralized exchange (DEX) on Tron, Sunperp outlines design choices aimed at cost and execution reliability: aggregated liquidity across networks, off-chain matching with onchain settlement to support gas-free trades, and multi-source price oracles that compute a “mark price” for profit-and-loss and liquidation logic. The project docs describe millisecond-level matching, post-trade settlement onchain, and a tiered maker-taker fee…

Financial authorities in Russia intend to expand the country’s crypto regulations to cover stablecoins and securities based on digital assets. Some of the new rules should be ready by the end of the year, as the country rushes to clarify the matter for investors and find its place in a growing global market. Russia mulling regulations for stablecoins While decentralized cryptocurrencies like Bitcoin are far from becoming mainstream in Russia, officials are now “actively discussing” the regulation of fiat-pegged stablecoins, local media revealed. The Ministry of Finance (Minfin) and the Central Bank of Russia (CBR) are also considering additional rules…