Author: NBTC
Ethereum’s spot price hovered at $3,087 per coin on Saturday, while derivatives traders quietly stacked risk across futures and options markets. The data shows leverage building even as price action stays choppy, a setup that has a habit of punishing crowded positions. Ethereum Futures and Options Signal Trader Tension Near $3,100 Ethereum futures open interest climbed to 13.01 million ETH, representing roughly $40.22 billion in notional value across major exchanges. Despite minor pullbacks in the past hour and four-hour windows, open interest posted a 0.69% increase over 24 hours, signaling that traders are adding exposure rather than stepping away. Binance…
Moody’s Ratings is diving into the $300 billion stablecoin market with a new rating system. Summary Moody’s is proposing a new system to rate stablecoins based on reserve quality, market value risk, and operational safeguards. The firm aims to provide investors with a clearer picture of redemption reliability. Ratings would be determined by the “weakest link” in a stablecoin’s reserve pool, factoring in liquidity, governance, regulatory context, and technology risks, while algorithmic stablecoins are excluded. The venerable 116-year-old credit rating firm unveiled a proposal to assess stablecoins like any other deposit: by looking at the quality of reserve assets, market…
The Financial Industry Regulatory Authority (FINRA) has appointed four crypto-friendly figures to its board to strengthen oversight. The newly appointed crypto policy hitters will bring experience across financial services, regulation, industry leadership, and public pension management. FINRA oversees the organization’s mission to protect investors and ensure market integrity for broker-dealers handling everything from stocks to crypto trades. The board has appointed four figures, including Rostin ‘Russ’ Behnam, Tim Carter, Dan Gallagher, and Heather Traeger, to strengthen its oversight as crypto continues to form ties with traditional financial markets. Former CFTC head Behnam brings crypto expertise to FINRA According to FINRA’s…
In an announcement posted on X, Tim Beiko, one of the more recognizable names in the Ethereum Foundation and a contributor to core protocol development, has announced his transition from Layer 1 research and development. Beiko clarified that he would remain at the foundation but shift to an advisory role within the Protocol team while stepping back from his responsibilities coordinating the All Core Developers Execution (ACDE) calls, which serve as the primary forum for coordinating changes to Ethereum’s execution layer. He simply noted his transition to exploring “frontier use cases” for the blockchain platform. Beiko did not exit the…
Nasdaq-listed VivoPower (VVPR) is expanding its XRP-linked strategy through a new joint venture that aims to acquire hundreds of millions of dollars worth of Ripple Labs shares, giving investors indirect exposure to nearly $1 billion worth of underlying XRP. The company said in a Tuesday release its digital asset unit, Vivo Federation, has been engaged by South Korea–based asset manager Lean Ventures to source an initial $300 million of Ripple Labs equity. Based on current XRP prices, VivoPower estimates the stake represents roughly 450 million XRP tokens, valued at about $900 million. The structure stops short of buying XRP outright,…
The Bharat Web3 Association has asked the Indian government to reform cryptocurrency taxation ahead of the 2026 Union Budget. The industry group raised concerns about high taxes, limited access to banking, and regulatory uncertainty. The appeal was made during a pre-budget discussion organized by the Egrow Foundation. Industry leaders warned that existing policies are limiting growth in India’s Web3 sector. Association Raises Concerns at Pre-Budget Discussion Since 2022, gains from crypto assets have been taxed at 30%, while a 1% tax is deducted at source for every transaction. During the consultation, association Chairperson Dilip Chenoy presented the industry’s concerns, focusing…
Ethereum’s declining social media sentiment is mirroring levels similar to those seen before its 2025 price rally, which eventually pushed the asset back to its 2021 all-time highs, according to a crypto sentiment analyst. “Ethereum is actually way down, this would argue against us falling too much further,” Santiment analyst Brian Quinlivan said in a video published to YouTube on Saturday. “This is kind of reminiscent of what we saw before Ethereum went on its major run last year,” Quinlivan said. On August 23, Ether (ETH) surged back to its 2021 all-time high of $4,878, marking a gain of almost…
Positive moves towards cryptocurrencies in the US continue unabated. The latest news comes from the US Federal Reserve (FED). According to Eleanor Terrett, host of the Crypto in America program, the Fed has withdrawn guidelines restricting some banks from participating in cryptocurrency transactions. Accordingly, the FED took a huge step regarding cryptocurrencies and officially decided to withdraw the directive that restricted some banks from engaging in cryptocurrency trading. Eleanor Terrett stated that this directive essentially restricts market access for banks that are not covered by the Federal Deposit Insurance Corporation (FDIC) deposit insurance. Published in 2023, this directive imposed certain…
With a markup event on legislation to address digital asset market structure scheduled for next week, representatives from cryptocurrency companies are expected to fly into Washington, D.C., and some will engage with lawmakers on the bill. Speaking with Cointelegraph on Tuesday, Cody Carbone, CEO of crypto advocacy organization The Digital Chamber, said it was “possible, if not likely,” that the Senate Agriculture Committee would hold a markup on its version of the Responsible Financial Innovation Act (RFIA) — the market structure bill — at the same time as the Senate Banking Committee. Senator Tim Scott, who chairs the banking committee,…
Crypto treasury companies could be forced to sell as much as $15 billion in crypto if the Morgan Stanley Capital International Index (MSCI) goes ahead and excludes them from its indexes. BitcoinForCorporations, a group campaigning against MSCI’s proposal, projected outflows of between $10 and $15 billion based on a “verified preliminary list” of 39 companies with $113 billion in total float-adjusted market capitalization. It added that JPMorgan’s analysis estimated that Michael Saylor’s Strategy could see $2.8 billion in outflows if it were removed from the MSCI. The Bitcoin treasury firm represents 74.5% of the total impacted float-adjusted market cap. Analysts…