Author: NBTC

As of today 08.00 UTC, Binance Alpha is releasing the Xeleb Protocol (XCX) trading, which will give an airdrop reward to the qualified Binance Alpha users. To get 800 XCX tokens (yield rewarded on a first-come, first-served basis), participants will be required to have at least 200 Binance Alpha Point. In case tokens are not claimed, the platform lowers the number of points required per hour to widen participation. This way will promote increased adoption rates and will help more people acquire exposure to the token at an earlier stage. AI-Powered Framework developed by Xeleb Protocol Xeleb protocol has Proof-of-Utility…

CAC Fintech, a Chinese agricultural financial technology company, has signed a strategic cooperation agreement with Eddid Financial, a diversified financial group. The partnership will introduce China’s first agricultural tokenized real-world asset (RWA) project and explore fundraising opportunities in Hong Kong. CAC Fintech will be responsible for identifying, integrating, and managing agricultural and rural infrastructure projects, as well as coordinating resources to deliver high-quality assets. Eddid Financial will act as the exclusive capital markets advisor, designing tokenization frameworks for agricultural and rural assets and arranging cross-border financing, mergers and acquisitions, and overseas IPOs. It will also work with international advisors, including…

A hidden signal from the derivatives market suggests that ether’s (ETH) rally could intensify, lifting valuations quickly to $4,400. The indicator under consideration is the net gamma exposure of dealers/market makers in the Deribit-listed ether options market. Gamma is the critical metric for options traders, measuring how an option’s delta, or its sensitivity to the underlying asset’s price, changes in response to market moves. When dealers are short gamma, they are forced to buy the underlying asset as its price rises and sell as its price falls, which often amplifies directional moves. Dealers provide liquidity to the order book and…

Investors who were parties to a 2022 lawsuit may be closer to pursuing legal action against celebrities who promoted the EthereumMax (EMAX) token after a recent decision by a California judge. In a Wednesday filing in the US District Court for the Central District of California, Judge Michael Fitzgerald granted a motion allowing class-action lawsuits filed in four US states to move forward, but denied the request for a nationwide class against EMAX promoters. The order will allow cases involving investors who purchased EMAX between May 2021 and June 2021 to continue in New York, California, Florida and New Jersey.…

A major XRP transaction took place on Monday, with 16,698,207 tokens — worth around $53.16 million — moving in a single transfer to Coinbase this morning. The alert from Whale Alert quickly circulated, with many initially assuming that a major external holder had transferred funds to the exchange. However, on-chain data later revealed that the transfer was internal. The XRP were transferred from one Coinbase cold wallet labelled “197” by tracking services to another labeled “Cold Wallet 6.” Both wallets are part of the exchange’s deep reserves and typically hold around 16.5 million XRP each. With 27 such wallets still…

Crypto exchange Coinbase (COIN) said on Tuesday it is reviving its Stablecoin Bootstrap Fund, aiming to boost stablecoin liquidity on decentralized finance (DeFi) markets. The initiative will be managed by Coinbase Asset Management and begins with deployments on Aave, Morpho, Kamino and Jupiter, according to a blog post. The exchange first launched the program in 2019 to help protocols seed early trading pools for USDC stablecoin. That effort supported early platforms like Uniswap , Compound and dYdX and helped spearhead USDC in the DeFi ecosystem, which is still the most widely used stablecoin in the sector.In its new iteration, the…

Ethereum breaks $4,000 for the first time since December, driven by whale buying, corporate adoption, and strong institutional interest. Whales have purchased over 1.8 million ETH in the past month; next major target price could be $6,400. Community awaits SEC approval of staked Ethereum ETFs, which could be the next big catalyst. Ethereum just crossed the $4,000 mark for the first time since last December, sparking excitement among investors and traders alike. Fueled by big whale buys, growing corporate adoption, and fresh institutional inflows, ETH is showing signs of a powerful comeback. The second-largest cryptocurrency jumped 3.5% in the last…

In an effort to contain the growing interest in stablecoins, China has ordered local brokerages and other organizations to stop publishing research reports and holding seminars promoting the asset class. In late July and early August, several leading brokerages and think tanks canceled their events and halted stablecoin research on orders from financial regulators, according to sources familiar with the matter. Authorities are also concerned that stablecoins could be used as a new tool for fraudulent activities in mainland China. While cryptocurrency transactions are completely banned in the country, some recent official statements have led to speculation that China’s approach…

Blue Origin will accept cryptocurrency and stablecoin payments for New Shepard suborbital flights through a new integration with Shift4. Shift4 Brings Crypto Payments to Blue Origin’s Space Tourism Starting today, customers can use bitcoin (BTC), ethereum ( ETH), solana ( SOL), tether ( USDT), and USDC to book seats, with Shift4 processing the transactions, according to the company’s press release. Shift4 stated customers may also connect wallets such as the Coinbase Wallet and Metamask for direct payments. The option is available immediately for upcoming commercial spaceflight bookings on New Shepard, according to the announcement. The rollout targets travelers who prefer…

Last week, S&P Global assigned a “B-” issuer credit rating with a stable outlook to Sky Protocol — formerly known as Maker — a decentralized lending platform that issues the USDS stablecoin. The credit rating agency cited centralization concerns, including a “high concentration of depositors,” “centralized governance,” “high regulatory risk from uncertainty about regulatory frameworks for decentralized protocols,” and “weak risk-adjusted capitalization” in its decision. In its rating report published on Aug. 7, S&P Global Ratings said that these risks are “partly offset by the protocol’s good track record of limited credit losses since 2020, and modest earnings.” The report…