Author: NBTC

Intesa Sanpaolo’s Ripple Custody Move Signals a New Backbone for Institutional Crypto A subtle but significant shift is reshaping global finance, and it’s accelerating under the radar. Market analyst ChartNerd reports that Intesa Sanpaolo, Italy’s largest bank, is now leveraging Ripple Custody to anchor its digital asset strategy. While this may appear to be just another step into blockchain, the move signals something far more consequential, touching on a structural redefinition of how major institutions store, manage, and ultimately interact with value. Custody is the bedrock of finance, without secure asset storage, markets don’t scale. That’s where Ripple Custody is…

A group of Senate Republicans has urged US financial regulators to clarify the capital standards for companies engaged in crypto activities. Senator Cynthia Lummis said on Thursday that she led the group in sending a letter on May 27 to Federal Reserve Vice Chair for Supervision Miki Bowman, Federal Deposit Insurance Corp. Chairman Travis Hill, and Comptroller of the Currency Jonathan Gould. The letter commended the agencies’ guidance in March that clarified the capital treatment of tokenized securities, but urged them “to build on that progress to move towards a clear and fair capital treatment for on-balance sheet treatment of…

A Delphi Consulting analysis of 652 CEX listings from January 2025 onward found that a user buying every new token across Binance, Bybit, Coinbase, Gate.io, and Kraken would have kept roughly 50 cents on the dollar. The win rate across all listings was 12%, 52% of tokens lost more than 80%, and the median return was -82%. Tokenized stocks appear to be the answer that exchanges are giving to failing token launches. Delphi Consulting’s analysis of 652 token listings across five major exchanges from January 2025 through May 2026 found a 12% win rate and a median return of -82%.…

Bitcoin ($BTC) fell below $80,000 at Friday’s Wall Street open as analysis tied risk-asset weakness to US bond markets. Key points: Bitcoin eyes its lowest levels of May as concerns over US bond yields spark a risk-asset rout. US 10-year treasury yields rise above levels that sparked a US tariff pause on China last year. Traders wait for new local lows for $BTC/USD as support stability is eroded. Bitcoin suffers as risk-asset “euphoria” turns sour Data from TradingView tracked 3% daily $BTC price losses, with downside intensifying as the US session began. $BTC/USD approached its lowest levels in May so…

In a bid to embrace the agentic economy and enhance its decentralized network’s efficiency, Liquify DAO, a DeFi platform, today announced a strategic partnership with PayGo, an HTTP-native payment infrastructure based on the x402 open standard. This collaboration enabled Liquify to integrate PayGo’s x402 infrastructure to embed its DeFi platform with the capability of enabling efficient, autonomous, and trustworthy payments between AI agents. Liquify is a DeFi ecosystem that allows users to access key financial activities, including digital asset management, staking, and diverse liquidity provision. Its multi-chain protocol lets users unlock liquidity, earn staking rewards, and DeFi yields across multiple…

Prediction market platform Kalshi has completed a new $1 billion investment round, bringing its valuation to approximately $22 billion, according to a report from The New York Times. The funding was led by Coatue Management, with participation from Sequoia Capital, Andreessen Horowitz (a16z), IVP, Paradigm, Morgan Stanley, and Ark Invest. Strategic Expansion into Corporate Services The company plans to deploy the fresh capital to expand its offerings for corporate clients, moving beyond its consumer-facing prediction market platform. This marks a significant shift in Kalshi’s business model, as it aims to provide risk management and forecasting tools to businesses, potentially competing…

Billions Network is facing fresh community backlash after revising its token unlock structure before its Token Generation Event (TGE). The change has frustrated early sale participants who expected quicker access to their tokens. The dispute intensified after Kaito CEO Yu Hu said the Billions team had warned in March that the project’s original unlock plan was creating problems in exchange-listing discussions. According to Hu, the issue centered on a 5.6% day-one launchpad unlock, which reportedly made some exchanges uncomfortable ahead of the listing process. Under the latest update shared on X, participants were given three options. They can request a…

On June 4, Terry Duffy, CME Group’s chief, blasted perpetual futures, calling them “a disaster waiting to happen.” He warned that U.S. regulators could destabilize financial markets by allowing U.S. investors access to perpetual futures. Shares of major U.S. exchange operators are falling as investors worry these futures will shift competition across asset classes, according to Reuters. The CFTC opened the U.S. perps market on May 29 The Commodity Futures Trading Commission approved the first U.S.-regulated perpetual futures contract offered by Coinbase and Kalshi on May 29. Unlike traditional futures, perpetual ones never expire, allowing traders to hold them indefinitely.…

South Korea’s alternative trading system (ATS) operator Nextrade and the country’s main bourse, the Korea Exchange (KRX), are advancing toward the launch of over-the-counter (OTC) exchanges for tokenized securities, according to a report by The Korea Economic Daily TV. Both entities have formed separate consortiums with securities firms and partner companies and plan to submit final license applications in August, with the goal of opening their respective markets within the fourth quarter of this year. Two Parallel Consortia, One Regulatory Path Nextrade and the Korea Exchange are pursuing distinct but parallel strategies. Each consortium includes major domestic securities firms and…

Blockchain analytics firm Glassnode says Bitcoin network activity is showing signs of a strong recovery. This trend has historically aligned with the end of local market bottoms and the return of bullish momentum. The analysis comes at a time when Bitcoin continues to trade near $80,000 without a decisive breakout from its current range. Key Points Bitcoin network growth is rising fast, a signal that previously marked the end of local $BTC market bottoms. Glassnode says Bitcoin’s Network Growth metric is nearing a key bullish inflection zone above 60. $BTC options data shows traders remain cautiously bullish despite ETF outflows…