Author: NBTC

India’s crypto sector is once again under regulatory focus after a Parliamentary Standing Committee on Finance reportedly classified the country’s virtual digital asset (VDA) ecosystem as “high risk.” The discussion brought together senior government officials, tax authorities, intelligence agencies, and representatives from major exchanges, including Binance, WazirX, and ZebPay. Officials reportedly warned lawmakers that crypto-related activity in India is no longer just about speculation or volatile trading. Intelligence inputs linked parts of the ecosystem to money laundering, cyber fraud, terror financing, narcotics trafficking, human trafficking, Ponzi schemes, and illegal cross-border fund movement. JUST IN: 🇮🇳 Indian government flags crypto system…

Bitget Wallet, an everyday finance app built to make crypto simple, secure, and usable in daily life, has disclosed its strategic partnership with the Stellar Network. Stellar Network is a decentralized, fast, scalable, and unique sustainable blockchain designed for financial products and services. The basic aim of this integration is to expand the real-world crypto payments in day-to-day financial activity across emerging markets. The new multi-phase initiative, PayFi Odyssey, brings together crypto cards, QR payments, and on-chain transfers to make digital assets smoother to spend across Asia, Africa, and Latin America. In these areas, crypto adoption and crypto spending are…

Bitcoin [$BTC] has been written off many times over the years, but the top crypto has always bounced back. In fact, weak phases often reveal where else traders are looking. Interestingly, right now, activity in smaller altcoins is starting to pick up! Bitcoin has survived 472 death calls since 2011! Bitcoin has been called “dead” 472 times since 2011, but here’s the interesting bit – These calls came across multiple market cycles, from moments when $BTC traded near $0.11 to periods when it was above $117,000. In that same journey, Bitcoin has grown by about 701,300 times, or over 70…

A wallet identified as smart money holds cumulative short positions worth an estimated $16 million on derivatives platforms. This investor’s trading metrics reflect a balance focused on the tokenized traditional finance sector to the detriment of major crypto assets. The activity recorded in the order books shows a prior profit-taking on bearish positions before reconfiguring the current exposure strategy. A smart money whale established a $16 million bet in short positions against Bitcoin and Ether. The activity took effect over the last 24 hours through decentralized perpetual futures contracts. According to the market report, this financial entity decided to mitigate…

The Bank of England is stepping up its focus on digital money, with Deputy Governor Sarah Breeden highlighting tokenization as a potential way to reduce costs, speed settlement and increase competition. Speaking at London’s City Week on Tuesday, Breeden said tokenization — the representation of assets and money on digital ledgers — could improve the efficiency and functionality of payments and financial markets, provided that trust and interoperability are preserved. Breeden stressed that central bank money will remain the foundation, or “anchor,” of the monetary system, even as private-sector innovations such as tokenized deposits and regulated stablecoins gain traction. She…

Solana (SOL) continued to attract institutional finance and payment firms in the first quarter, even as the broader crypto market weakened, according to a new report from Messari. The research firm said Monday that Solana’s real-world asset market capitalization rose 43% quarter-over-quarter to $2.01 billion, led by growth in BlackRock’s tokenized money market fund BUIDL and new integrations tied to payments and tokenized finance. BUIDL, developed by BlackRock and Securitize, grew to $525.4 million on Solana after Anchorage Digital added custody support for the fund. Anchorage held roughly 81% of the asset’s supply on the network by the end of…

The announcement was made during the 8th EU-Mexico summit, where Mexico and the EU signed a trade agreement to decrease dependence on the U.S. The two governments would be focused on cooperating to curb this kind of crypto-linked illicit activity. Key Takeaways: After securing a €5B deal, Mexico and the EU will next collaborate to curb global crypto money laundering. The talks will focus on targeting groups like the Sinaloa Cartel, which use crypto flows to launder money globally. Both governments will next advance a dialogue to deal with crypto threats. Mexico and the EU To Collaborate To Curb Crypto…

Crypto exchange Kraken has deposited ether into Eigencloud, the leading restaking protocol on the Ethereum network, even as the platform’s native $EIGEN token trades roughly 96% below its all-time high despite holding over $6.5 billion in total value locked. Key Takeaways: Kraken deposited 5.06 $ETH ($1.07M) into Eigencloud on May 26, per EmberCN. $EIGEN token trades at $0.25, roughly 96% below its $5.65 all-time high despite $6.53B in TVL. Eigencloud runs a -$12.7M annual earnings deficit, spending $56.77M in incentives vs $13.6M in fees. Kraken Deposit Signals Institutional Interest in Ethereum Restaking Kraken, one of the largest U.S.-based cryptocurrency exchanges,…

Bitcoin is facing a mixed market setup as exchange reserves fall to rare lows while short-term price indicators and holder profitability remain weak. Bitcoin exchange reserves have fallen to 2,666,753 $BTC, according to CryptoQuant data shared by thechessONCHAIN. The last comparable reading came on August 31, 2019, when Bitcoin traded near $9,430. Bitcoin now trades far higher at nearly the same exchange inventory level. Meanwhile, the drop means fewer coins sit on trading platforms for immediate sale. That can reduce available supply, but it does not guarantee a price rebound. For Bitcoin to move higher, demand must be strong enough…

Kuant AI, a renowned Web3 AI trading infrastructure entity, has partnered with X-Agent, a popular AI agent operating network. The partnership is set to merge the cutting-edge AI agent technology and the advanced perpetual trading abilities to enable autonomous trading within the DeFi sector. As Kuant.ai disclosed in its official social media announcement, this partnership is poised to assist in increasing the capabilities of the AI agents beyond conversational tools. As a result, the joint effort underscores the rising convergence of the DeFi networks and AI. 🤝 New Partnership: @XAgent_official × https://t.co/fO6UlMDqQ8 The future of autonomous trading infrastructure is coming…