Author: NBTC

Solana advances SIMD-0553, a proposal that raises fees on resource-intensive transactions and lowers costs for simple operations. The new model would increase daily $SOL burning from 648 to between 7,500 and 9,000 tokens — a 12 to 14 times increase over current levels. Some high-frequency swaps could become up to 3,150% more expensive, though the absolute cost would still remain below $0.05 per transaction. The Solana network is moving forward with a structural reform of its fee model through the proposal SIMD-0553, an improvement document that would modify the way the protocol charges for computational resource usage. The initiative was…

CCI encourages the SEC to make the approval process for Novel ETPs more efficient in terms of timing and regulation. The organization also calls for parity of tax treatment, disclosure requirements, and confidentiality for novel ETPs. Crypto Council for Innovation is advocating for a modernized framework for ETP by the Securities and Exchange Commission. CCI is calling for more clarity and predictability in the process of obtaining approvals for innovative ETPs. The suggestions from CCI were presented on August 31 concerning the framework for novel ETFs proposed by the SEC. The framework involves products that relate to crypto assets, blockchain…

Better disclosed, however, that it may reuse the pledged bitcoin as long as it keeps an equivalent amount available to return. Coinbase acts only as the custodian and technology provider and has no role in extending credit or deciding when collateral is liquidated, the companies told CoinDesk. Bitcoin does not help a borrower qualify for the first mortgage. Applicants must still satisfy Fannie Mae’s ordinary income, credit score and debt-to-income requirements independently of their crypto holdings. “Nothing in the product converts crypto holdings into qualifying income or waives DTI or credit thresholds,” Better said in written responses. “The Bitcoin loan…

Soluna Holdings said on Sept. 8 that it energized the final 14 megawatts at Project Kati 1 in Texas, completing the 83 MW Bitcoin-hosting site. The milestone lifts the company’s total operating capacity to approximately 206 MW and closes the first phase of a planned 166 MW computing campus. In its project update, Soluna also said the Electric Reliability Council of Texas conditionally classified the entire Kati campus as Base Load in its Batch Zero interconnection process. That designation includes Kati 1 and the planned 83 MW Kati 2 expansion. Final 14 MW completes the first phase Soluna said every…

Solana has announced a strategic partnership with MoneyGram, aiming to transform cross-border payments. This collaboration will leverage Solana’s low transaction fees and near-instant settlement capabilities. As highlighted in a recent tweet, Anthony Soohoo will discuss this innovative approach at the upcoming Breakpoint event. This partnership signifies a critical step in integrating cryptocurrency into mainstream financial solutions. The Latest The partnership between Solana and MoneyGram is poised to streamline cross-border transactions significantly. By utilizing Solana’s blockchain technology, the collaboration focuses on reducing transaction costs and enhancing speed, making it a viable alternative for traditional payment methods. This move highlights the growing…

Bitcoin’s [$BTC] recent profitability profile may be the key factor setting the asset up for a longer-term rally, given the immediate structure of the market. The asset has climbed from a July low of $57,800 to $65,777 twenty-two days later, a recovery that has reshaped the position of the market’s newest participants. That rally brought a shift in dynamics that now leaves short-term holders—investors who have held their coins for fewer than 155 days—needing to sit on their positions longer before they can return to profit. Bitcoin short-term holder losses narrow to 4% The profit and loss margin for Bitcoin…

Kraken has officially announced the launch of kHYPE, a wrapped token designed for use across decentralized finance platforms. This new offering will be backed 1:1 in Kraken’s custody, providing users with an additional trading option. The launch, highlighted by a tweet from Kraken, emphasizes its usability on Inkonchain and its verifiable on-chain nature, potentially reshaping user engagement in the DeFi landscape. Source The Key Development The launch of kHYPE comes at a time when the broader crypto market is exhibiting mixed signals, with various altcoins experiencing fluctuating momentum. This new token allows users to swap back and forth seamlessly, enhancing…

The mechanism is simple enough for an ordinary wallet. Once an account sends a transaction, its public key is visible onchain forever. A powerful enough quantum computer could, in theory, work backwards from that to the private key and sign transactions as the owner. The upcoming Hegotá upgrade, scheduled for 2027, itself will not make Ethereum quantum-resistant. What it does is keep the later work on schedule, which the Foundation put bluntly: “Hegotá is not the PQ fork. It is the fork that decides whether the PQ forks happen on time.” Sitting behind Hegotá are the proposals doing the cryptographic…

Lido DAO has released a detailed overview of NEST, the automated program it is building to buy back its own $LDO governance token. The program is a direct response to $LDO’s token, which has lost more than 95% of its value since 2021. What is Lido’s NEST? The Network Economic Support Tokenomics (NEST) program is Lido DAO’s long-term solution to the growing distance between what the protocol earns and what its token is worth, which it has been warning about for months. Cryptopolitan reported that NEST is meant to run as an automated mechanism. It’s completely separate from the one-off…

About 97% of betters on Polymarket expect Hern to win, about 96% bet that same result for Hageman, and about 99% think Moore will be victorious, with Kalshi wagering showing Barr close to 94%. Those potential incoming senators would join the chamber next year as it keeps tangling with major crypto legislation, especially if the Senate continues to fall short in getting the Digital Asset Market Clarity Act out the door later this month. Every addition to the Senate could be hugely consequential. However, they’ll also likely be arriving to the Senate alongside Illinois Lt. Gov. Juliana Stratton, a Democrat…