Author: NBTC

Institutional alliance: The project brings together more than 140 companies from the financial and technology sectors, including Visa, Mastercard, Stripe, BlackRock, BNY, and Coinbase. Operating model: Open USD enables fee-free, unlimited volume issuance and redemption for participating companies. Deployment network: The stablecoin will debut directly on the Ethereum network, an infrastructure that holds the largest share of tokenized real-world assets. The Ethereum Institutional initiative confirmed the launch of Open USD, a new stablecoin targeted at the institutional sector and backed by a global consortium of more than 140 companies. The digital asset was designed to operate natively on the Ethereum…

South Korea’s benchmark stock index, the KOSPI, experienced a sharp decline of more than 5% during trading on [Date], prompting the Korea Exchange (KRX) to activate a sell-side sidecar. This is the first such activation in months and underscores the heightened volatility gripping Asian markets. What Is a Sell-Side Sidecar? A sell-side sidecar is a temporary trading halt mechanism designed to cool down rapid, panic-driven selling. When triggered, program trading on the KOSPI is suspended for five minutes, giving human traders and algorithms time to reassess market conditions. The sidecar activates when the KOSPI futures fall more than 5% from…

Grayscale Investments has announced that its Grayscale Hyperliquid Staking ETF (HYPG) will begin trading on U.S. exchanges on June 3. The product provides investors with simultaneous exposure to the spot price of Hyperliquid ($HYPE) and staking rewards generated by the underlying asset. HYPG: A Staking ETF for Hyperliquid The HYPG ETF is designed to track $HYPE’s market price while also capturing staking yield, a structure that differentiates it from simple spot-based exchange-traded products. According to Grayscale, HYPG carries the lowest gross management fee among all $HYPE-based exchange-traded products currently listed in the United States. This fee advantage could appeal to…

Markets · Regulation · Long Read Summary Senate Republicans released updated CLARITY Act text on July 22, 2026, merging the Banking and Agriculture committee drafts into a single 616-page bill with more than 70 pages of new language, including a government ethics title negotiated with the White House. The bill divides digital assets into three statutory categories: digital commodities overseen by the CFTC, investment contract assets under the SEC, and permitted payment stablecoins governed by the $GENIUS Act, with a maturity certification process that lets tokens graduate from securities treatment as their networks decentralize. An ETP grandfather clause permanently classifies…

Robinhood (HOOD) topped Wall Street’s second-quarter expectations, but shares fell about 4% in after-hours trading, adding to their 3.1% decline during Wednesday’s session. The online brokerage reported adjusted earnings per share of $0.62, well ahead of analysts’ $0.43 estimate, while revenue climbed 32% from a year earlier to a record $1.31 billion, narrowly topping the $1.29 billion consensus forecast. The results reflected strength across Robinhood’s expanding product lineup, even as crypto trading cooled. Crypto revenue fell 38% year over year to $100 million from $160 million, while transaction revenue was lifted by surging options, equities and prediction markets activity. “Whether…

Crypto forensics and compliance company AMLBot has launched its AI Tracer, described as a self-service blockchain analysis tool that maps visible fund movements from a transaction hash across blockchain networks. AMLBot said the tool aims to address the current need for specialist software and knowledge to trace transactions. The company said the tool also traces through bridges that move assets cross-chain or when the assets are split among multiple wallets. “The process is automatic: the AI traverses the transaction graph, follows the movement of funds from the starting address through intermediate wallets toward whatever endpoint the money reached, and matches…

Delphi Digital recently shared insights on the changing dynamics within the cryptocurrency market, particularly concerning Bitcoin’s influence. Jason from Delphi Digital stated, ‘I don’t think crypto will be the market where Bitcoin has to dictate if things can be positive or not.’ This perspective highlights a potential shift in how traders view the broader crypto landscape, independent of Bitcoin’s price movements. For more details, see the original tweet here. Market Snapshot The current state of the broader cryptocurrency market reveals mixed signals, with various assets displaying different momentum levels. Market observers note that while Bitcoin has historically dictated the trends…

Crypto markets remained relatively flat over the weekend with low volatility and total capitalization hovering around $2.3 trillion. Nevertheless, military action in the Middle East has continued with the US Central Command reporting on Sunday that it was conducting a new wave of strikes against Iran for the ninth consecutive night. “The strikes will continue degrading Iranian military capabilities used to attack commercial vessels and civilian mariners transiting the Strait of Hormuz,” it stated. Meanwhile, crude oil prices jumped again, with WTI hitting $85 and Brent topping $90, and US stocks continued to cool last week as inflationary pressures returned.…

Whales and institutional investors are continuing to accumulate $HYPE, according to a report from on-chain analytics firm Lookonchain. The firm noted that Galaxy Digital withdrew 179,000 $HYPE, valued at approximately $12.62 million, from Coinbase in the past seven hours. Additionally, a new wallet address, designated as “0x6436,” withdrew another 135,824 $HYPE (around $9.73 million) about eight hours ago. This new address has withdrawn a cumulative total of 399,730 $HYPE, worth about $28.92 million, over the past two days. Institutional Accumulation Signals Strong Confidence The recent withdrawal by Galaxy Digital, a prominent institutional crypto investment firm, is a significant signal of…

Binance.US plans to apply for a designated contract market license from the Commodity Futures Trading Commission next month as the exchange prepares to expand into prediction markets. Chief executive Stephen Gregory disclosed the plan Wednesday during the Rare Evo conference in Las Vegas, according to Bloomberg, citing a Binance.US spokesperson. Receiving designated contract market status would allow Binance.US to operate a derivatives exchange under CFTC oversight and potentially list event contracts for retail customers. A designated contract market is a federally regulated exchange that can offer futures, options, and other derivative contracts. Applicants must satisfy CFTC requirements covering market surveillance,…