Author: NBTC

China Asset Management Company (ChinaAMC), one of China’s largest fund managers with more than $400 billion in assets under management, has launched a tokenized money market fund on Ethereum. According to data provider RWA.xyz, the new product, ChinaAMC USD Digital Money Market Fund Class I USD (CUMIU), invests in short-term deposits and high-quality money market instruments. Its objective is to deliver stable returns denominated in Hong Kong dollars. ChinaAMC’s Fund Signals Cautious Embrace of Tokenization in China ChinaAMC developed CUMIU through the Libeara tokenization platform. Each token has a net asset value of $100 and a management fee of just…

Crypto venture funding surged past $700 million last week, driven by a blockbuster $350 million M&A deal and a wave of AI- and infrastructure-focused projects. From Aug. 31 to Sept. 6, 13 crypto ventures collectively raised $709.6 million, with AlloyX Limited’s M&A transaction leading the pack. Infrastructure platforms and AI-powered startups, including Kite AI, Aria Protocol, and Everlyn, dominated funding rounds, highlighting investors’ growing appetite for scalable blockchain solutions and artificial intelligence applications. Summary Crypto VC funding hit $709.6m across 13 projects from Aug 31–Sept 6. AlloyX’s $350m M&A deal was the largest, driving infrastructure growth. AI-focused projects like Kite…

South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, announced new altcoin listings today. While both platforms offer investors access to different projects, Falcon Finance (FF), in particular, will start trading on both exchanges on the same day. Upbit launched three different projects to investors on the same day. The first, Orderly (ORDER), will begin trading on the Ethereum network for BTC and USDT pairs. Orderly offers an orderbook-based trading infrastructure that aims to aggregate cross-chain liquidity. The project’s native token, ORDER, will be used for staking, governance, and liquidity incentives within the ecosystem. The second listed product, SuperVerse (SUPER), will…

Ethereum layer-2 network Base’s non-fungible token (NFT) ecosystem took center stage in September, recording the highest sales count among collections, according to DappRadar data. NFTs on Base captured five of the top 10 spots by sales count in September, with DX Terminal and BasePaint securing the first and second ranks. The strong showing highlighted Base’s rapid ascent as a hub for experimental NFT projects, edging into territory long dominated by Ethereum and Polygon. Despite a surge in sales of Base NFTs, DappRadar data showed that trading volumes remained concentrated on Polygon and Ethereum collections. Polygon-based Courtyard led the month with…

Ethereum is undergoing one of the most significant resets in over a year, caused by its price breaking below $4,000. This retest has been most visible in futures open interest, where billions of dollars in positions have been wiped out across major exchanges. This rapid unwinding comes as a correction move to weeks of excessive leverage during uptrends that had pushed derivatives activity to unsustainable levels. Massive Open Interest Wipeout Across Major Exchanges The most recent Ethereum price correction was a broader market reset rather than a mere dip, with leveraged traders facing the brunt of the losses. Data shows…

Strategy co-founder and executive chairman Michael Saylor has seen his net worth soar by $1 billion since the start of the year, coinciding with his debut on the Bloomberg Billionaire 500 Index. Saylor ranks 491st on the Bloomberg Billionaire Index with an estimated net worth of $7.37 billion, up 15.80% since Jan. 1. Over the same period, shares of his company Strategy (MSTR) have gained nearly 12%, as per Google Finance. Strategy’s stock price closed the trading day on Friday at $335.87. Source: Google Finance According to the Index, which tracks the world’s richest 500 people based on their net…

TRUTH, the native token of the Agentic AI platform Swarm Network, is set to be listed on Binance Alpha and Binance Futures on Oct. 1. Summary TRUTH token will be available for trading on Binance Alpha and Binance Futures on Oct. 1. The total supply of TRUTH tokens will be set at 10 billion at launch, with 2% allocated for community airdrops. Binance Alpha, a spotlight section within the main Binance exchange, will be the first platform to feature the TRUTH token, with trading starting on Oct. 1 at 12:00 p.m. UTC. Just 30 minutes later, it will be added…

A new partnership inked by the SBI Group might see the utilization of XRP Ledger to build a payment platform that will link unique payment tokens with NFTs. The new development was highlighted in a tweet by XRP enthusiast Crypto Eri, @sentosumosaba, who revealed that Japanese travel agency Tobu Top Tours may use the XRP Ledger to issue NFTs that can be distributed as “digital souvenirs” or “future accommodation discount vouchers.” Tobu Tours in Japan may use the $XRP Ledger to issue NFTs with some digital souvenir power. An MOU with business unit SBI Ripple Asia was signed to pursue…

Ethereum price started a recovery wave above $4,050. ETH is now consolidating and might aim for more gains if it clears the $4,170 resistance. Ethereum remained stable above $3,820 and started a recovery wave. The price is trading above $4,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $4,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,170 and $4,200. Ethereum Price Recovers Ethereum price remained supported above the $3,820 level and started a recovery wave,…

Binance, one of the world’s largest cryptocurrency exchanges, announced the delisting of two important contracts on its futures platform. Binance Futures Deletes HIFIUSDT and BAKEUSDT Perpetual Futures According to the exchange’s statement, USDⓈ-M perpetual futures contracts on the HIFIUSDT and BAKEUSDT pairs will be automatically closed and liquidated at 12:00 on October 3, 2025. Following the completion of the liquidation process, the contracts in question will be completely removed from the platform. To avoid inconvenience, Binance advised users to close their open positions before 11:30 AM on October 3, 2025. From this time onward, opening new positions in the relevant…