Author: NBTC

The South Korean cryptocurrency market continues to strengthen its infrastructure for assets within the Ripple ecosystem. Today, Bithumb, the country’s second-largest exchange, officially launched spot trading for Ripple’s new regulated stablecoin, Ripple USD ($RLUSD), against the Korean won (KRW). The listing took place just one day after a similar move by Upbit, the leader of the local market. High rankings on paper, empty order books in reality At first glance, the new won-denominated pairs had a successful start. According to current CoinMarketCap data, they immediately took high positions in the overall list of markets for the young stablecoin. However, these…

Bitcoin has fallen back toward the $64,000 level after the Federal Reserve adopted a hawkish policy stance, erasing a relief rally that had been fueled by easing Middle East tensions and renewed hopes for lower energy prices. According to crypto.news market data, Bitcoin ($BTC) climbed to an intraday high of $66,315 on June 17 before reversing sharply following the Federal Reserve’s policy decision. The asset fell 4% to an intraday low of $63,683 during early June 18 trading before recovering slightly to around $64,444 at press time. Bitcoin’s price dip followed after the Fed kept interest rates unchanged at 3.50%–3.75%…

$NEAR Protocol is calling for a streamlined way for European users to bring euros onto the blockchain and engage with decentralized finance (DeFi). This effort, highlighted in a recent tweet, emphasizes the importance of integrating euros onchain in the context of the MiCA framework. By enabling euro transactions in DeFi, it could significantly enhance user accessibility and participation in the ecosystem. source Inside the Move The $NEAR Protocol’s push for euro integration into DeFi comes at a time when the broader crypto market displays mixed signals. With varying momentum across major assets, the timing is crucial for maximizing engagement among…

An anonymous Ethereum whale has transferred 4,950 $ETH, valued at approximately $9.34 million, from the cryptocurrency exchange Binance to the liquid staking protocol Lido, according to on-chain data from Onchain Lens. The transaction, identified by the wallet address beginning with 0x2684, was recorded on the Ethereum blockchain and has drawn attention due to its size and the strategic choice of staking over selling. Transaction Details and On-Chain Movement The whale’s withdrawal from Binance and subsequent deposit into Lido represents a significant movement of capital within the Ethereum ecosystem. Such large transfers often signal a shift in investor sentiment or strategy,…

Top neocloud stocks are in a freefall, erasing billions of dollars in value as concerns about AI spending emerge. IREN stock dropped to $33.61, its lowest level since April 7, and 52% below its highest point this year. Its valuation has fallen from $24 billion to $12.4 billion. CoreWeave, the biggest player in the industry, also plunged to $72 from the all-time high of $186. Its market cap has also dropped from $87 billion to $39 billion. Similarly, Nebius Group stock fell from $298 to $170. Other companies in the industry, including Bitcoin miners like MARA, Riot Platforms, and Cipher,…

Polygon has already hosted some of the most notable institutional blockchain deployments to date. In November 2022, JP Morgan executed a live cross-currency DeFi transaction on Polygon PoS, marking one of the first major bank-led blockchain trades involving real financial institutions. Franklin Templeton later expanded its first US on-chain mutual fund to Polygon, while Hamilton Lane used Polygon-based tokenization to reduce the minimum investment in private credit from hundreds of thousands of dollars to just $10,000. On the consumer side, Nike and Reddit launched large-scale blockchain initiatives on the network, although both programs have since been discontinued. This article examines…

Telegram, the messaging platform used by more than 1 billion people worldwide, is facing a major legal challenge in Australia over claims that it failed to stop the spread of terrorism-linked material. Australia’s online safety regulator, the eSafety Commissioner, launched civil penalty proceedings against Telegram in the Federal Court on Thursday, according to an official statement. The authority alleged Telegram breached its obligations under the country’s Online Safety Act to address “pro-terror” content by failing to act on multiple user complaints. The case adds to growing global scrutiny of Telegram’s moderation practices, following legal pressure on CEO Pavel Durov in…

Gate US joined BitGo’s Go Network Off-Exchange Settlement service on July 28, giving eligible institutional clients access to the exchange’s U.S. liquidity while their assets remain in custody at BitGo Bank & Trust, National Association. The integration extends a broader partnership announced five days earlier. Gate US said BitGo would provide institutional custody, wallet management and risk-control technology as the exchange expands its U.S. business. Neither company disclosed financial terms, expected trading volume or a separate rollout schedule for the OES connection. Gate US clients can trade without pre-funding the exchange Under the arrangement, an institution allocates part of its…

Capital B shareholders have approved a financing framework that authorizes up to €5 billion (~$5.36 billion) in capital increases and €100 billion (~$107.15 billion) in credit instruments to support the company’s Bitcoin treasury strategy. Capital B said in a June 17 press release that shareholders approved all resolutions presented at the company’s Annual Ordinary and Extraordinary General Meeting, including measures tied to expanding its capacity to fund future Bitcoin purchases. The company stated that the resolutions passed with support exceeding 95% of votes cast. 🟠 Capital B’s shareholders approve with a vast majority all resolutions at the Annual Ordinary and…

DeFi Kingdoms, a blockchain-based gaming project, has announced that its Avalanche subnet, DFK Chain, will officially shut down on Aug. 28. The closure specifically affects the chain used for the JEWEL token, while the broader DeFi Kingdoms ecosystem will continue operations. The project has stated that its primary focus is ensuring a safe migration of user assets to the Avalanche C-Chain. What the DFK Chain Shutdown Means for Users For users holding JEWEL or other assets on DFK Chain, the shutdown means they will need to move their funds to the Avalanche C-Chain before the Aug. 28 deadline. DeFi Kingdoms…