Author: NBTC

Separately, CoinGecko listed Bitcoin near $84,638, and Ethereum at approximately $2,676 when checked on Oct. 3. The broader cryptocurrency market capitalization stood at approximately $2.98 trillion. Ethereum leads $NFT sales with $17.08 million CryptoSlam ranked Ethereum first with $17.08 million in sales, down 42.01%. The network accounted for approximately 41.8% of the global total, while its buyer count increased 57.75% to 30,041. Ethereum led seven-day $NFT blockchain sales with $17.08 million | Source: CryptoSlam Ethereum’s separately recorded wash-trading volume fell 15.40% to $908,894. Its sales and wash-trading columns together totaled approximately $17.99 million. Polygon followed with $8.21 million in sales,…

Tax Question Remains At the same time, India’s tax rules remain a major challenge for traders. The Income Tax Department levies 30% tax on VDA gains and a 1% TDS on certain transfers. It should be noted that the higher NR value of $USDT does not necessarily mean a lower tax bill. The trader will be subject to the same tax rates under the current rules. This means that a weaker rupee can lead to an increased sum in INR, while the tax rate remains unchanged. For example, the value of 10,000 $USDT may go up from ₹9 lakh to…

Pyth Network recently announced its HIP-4 initiative, aimed at improving the creation and settlement of outcome markets. This announcement, made via a tweet, highlights the challenges faced in prediction markets and emphasizes the importance of reliable market data. By tackling these issues, Pyth Network positions itself to enhance trading efficiencies in the crypto space, which could attract more institutional interest moving forward. The Key Development The broader crypto market is currently exhibiting mixed signals, and Pyth Network’s proactive stance with the HIP-4 initiative could serve as a significant pivot point. This initiative aims to streamline the process of creating outcome…

The FCA has already published final perimeter guidance and a 73-page preview of the application. The preview asks for far more than a company name and anti-money laundering registration number. A firm has to identify what it actually does, which regulated permissions correspond to each service, who controls it, how customer assets and complaints are handled and how it will meet the relevant financial and operational standards. The same legal group might operate a trading venue, safeguard assets and arrange staking, but those activities do not collapse into one undifferentiated crypto licence. This is the point missing from a simple…

Robinhood has integrated frxUSD as its first stable pool, a significant development in the evolving landscape of stablecoins. This move, highlighted by the CryptoTwitter commentator @fraxfinance, underscores the growing acceptance and potential utility of frxUSD in mainstream finance. As stablecoins continue to gain traction, this integration could drive further adoption among crypto traders and investors. What Went Down In the context of a crypto market displaying mixed signals, the integration of frxUSD on Robinhood is timely. While trading volumes for frxUSD remain at $0 currently, the strategic decision to include it as a stable pool could attract attention and liquidity.…

At 0 or “no” correlation, the assets never affect one another’s price. At -1, the assets move in perfectly opposite directions — one rising and one falling by proportionally consistent amounts. Mathematicians choose a set length of time to determine how correlated their prices are; for example, over the last 90 days. The 90-day correlation of $BTC with the Nasdaq 100 index slid to roughly +0.30. At a +0.56 correlation and rising, the narrative of “digital gold” is back for $BTC and displacing its Nasdaq “tech play” narrative. Noting the increased coupling, Bitwise Asset Management wrote, “The argument that $BTC…

Asked whether institutional investors were returning to crypto, Butterfill said, “Potentially yes, but in the ETF world it is very difficult to disaggregate institutional and retail money.” ETF buying can reflect arbitrage strategies as well as bets on rising Bitcoin prices, making inflows an imperfect measure of bullish conviction. Butterfill also sees investors looking beyond tokens to businesses that profit from crypto adoption. IBIT offers clues to institutional demand Butterfill said many institutional investors use IBIT for the Bitcoin basis trade. The strategy involves buying shares of a spot Bitcoin ETF while shorting Bitcoin futures, with the aim of profiting…

Optimism published updated governance and infrastructure facts to correct outdated AI claims, covering treasury allocation, open Token House participation, contract upgrades and sequencer resilience. OP Stack upgrades require Token House approval and Security Council implementation, while sequencer outages may delay transactions but do not freeze withdrawals through Ethereum. OP Enterprise offers 99.9% or 99.95% uptime SLAs depending on tier, and OP Mainnet secured about $1.57 billion as of August 31. Optimism has published a detailed governance and infrastructure clarification aimed at correcting outdated or inaccurate claims appearing in AI-generated answers about the network. The update addresses treasury control, governance participation,…

U.S. dollar-pegged stablecoin Tether is a go-to tool for the Iranian government to bypass sanctions, a new report from a group of Senate Democrats said. Democrats on the Senate’s Homeland Security and Governmental Affairs Committee’s Permanent Subcommittee on Intelligence published a report Monday laying out the argument that Tether $USDT$1.0000 plays a key role in allowing Iran to conduct transactions that skirt international sanctions. “Iran’s cryptocurrency-based shadow banking network has processed significant volumes of funds and implicates various Iranian interests,” the report said, adding that Tether has “repeatedly failed” to block Iran-connected wallets. “$USDT has become a significant financial lifeline…

Perpetual futures on the Bitcoin Volmex Implied Volatility Index (BVIV) debuted on Hyperliquid on Monday, giving traders on the onchain exchange a way to bet on the degree, not direction, of bitcoin’s price swings. The BVIV Index, often described as a “bitcoin VIX,” tracks cryptocurrency’s expected 30-day implied or expected volatility in real time. The index is analogous to Cboe’s VIX index, which tracks the 30-day implied volatility in Wall Street’s benchmark equity index, S&P 500. The new perpetual market lets traders go long or short the volatility index directly, instead of having to express volatility views indirectly through options,…