Author: NBTC

The analyst noted that the previous week’s close was around $82.042, and that a second weekly close below this level would strengthen the bearish scenario. Benjamin Cowen Points to $72,000 for Bitcoin Cowen noted that Bitcoin had fallen back below its 50-day moving average, adding that similar technical developments were occurring in other risky assets. Citing NASDAQ, Dow Jones, Ethereum (ETH), and various altcoin indices as examples, the analyst stated that these assets have retreated towards bull market support bands after losing their 50-day moving averages. Cowen stated that Bitcoin could also make a similar move, arguing that the bull…

For custodians, the system promises faster deployment and lower operational overhead through custodian-managed controls. Lending markets gain independent, verifiable data and a consistent risk framework. Institutions, meanwhile, could put otherwise idle digital assets to work. Anchorage is the first qualified custodian to adopt the solution, connecting its institutional clients to DeFi lending markets while maintaining regulated custody. The Numbers Reveal A Massive Capital Gap The opportunity is substantial. DeFi lending markets hold more than $80 billion, while approximately $700 billion in digital assets sits under custody. Compare that with the roughly $250 trillion in traditional assets under custody, and the…

From Stablecoin Regulation to Financial Infrastructure Japan has established a legal framework for stablecoins through amendments to the Payment Services Act, creating a foundation for regulated stablecoin activity. However, regulation alone does not establish the systems needed for tokenized assets and stablecoins to operate within a broader financial market. Financial institutions also need technology that connects different products, distribution channels that allow businesses to access them, and regulatory arrangements that support their use. SBI Holdings and Startale Group are now working with BlackRock to explore how those elements could come together. At the center of the initiative is JPYSC, a…

The photograph shows attendees gathered in a conference room, with several large displays featuring the words “Swell Demo Day.” The post comes just one day before Ripple’s flagship Swell conference officially begins in New York City on Oct. 27. Ripple kicks off Swell festivities Schwartz’s latest message appears to mark the beginning of Swell-related activities, with the company hosting a special Demo Day at its New York office on Oct. 26. The event gives 12 selected startups an opportunity to showcase their projects, with each team receiving approximately three minutes to present its ideas. The participating companies represent various areas…

New York Wants Four Sets of Records The subpoenas cover Kalshi’s sports-event contracts, its offerings to New Yorkers under 21, advertising that describes its products as wagers or bets, and its ownership and corporate structure. The Commission says it needs them to decide whether to fine the prediction market “and others”, and by how much. The petition alleges Kalshi has run a sports wagering business in New York for at least 18 months without the license the Racing Law requires. Kalshi’s Defense Rests on the Derivatives Label Kalshi has always stated that its event contracts are financial products overseen by…

The Numbers The current price of $NEAR remains at $0, with no reported trading volume in the past 24 hours. This could reflect thin market activity, but the recent listing on Gemini may drive future engagement and trading activity. Historically, new listings often lead to increased interest, which could benefit $NEAR as more traders gain access to the token through a well-established exchange like Gemini. $NEAR Protocol is a blockchain platform designed for decentralized applications and smart contracts. By listing on Gemini, a regulated cryptocurrency exchange, $NEAR aims to enhance its legitimacy and attract a broader user base. Gemini’s compliance…

Three Mining Pools Command Nearly 60% of Monero’s Hashpower Mining distribution figures from Miningpoolstats show SupportXMR leading the pack with approximately 1.87 GH/s, followed by Nanopool at 1.23 GH/s and Kryptex at 1.17 GH/s. Together, those three pools represent approximately 4.27 GH/s, or 60% of the estimated network total. SupportXMR alone accounts for roughly 26.3%, while Nanopool and Kryptex represent approximately 17.3% and 16.4%, respectively. Hashvault follows with 730.76 megahash per second (MH/s), while C3Pool contributes 481.17 MH/s. P2Pool’s largest listed segment supplies another 473 MH/s, offering miners a decentralized alternative to conventional pool operators. The figures don’t establish that…

“The pessimist may be ‘right’ in the short term, but the optimist is responsible for all progress. Think of all the progress we’ve made,” Draper wrote on X. Among his few examples are Hotmail co-founders Sabeer Bhatia and Jack Smith, who played a vital role in bringing free email to the masses. Next are Niklas Zennström and Janus Friis, the founders of Skype, the trailblazers for internet calling. Draper also applauded Tesla and SpaceX boss Elon Musk for embracing electric cars and privatized space travel in spite of many doubts. Satoshi’s optimism Perhaps Draper’s words here are directed at Satoshi…

Market Snapshot Currently, Pendle’s trading environment shows a lack of significant volume, indicating that while interest may be rising, active trading may be subdued. The price remains stable at $0, with the market context suggesting a cautious approach from traders amidst mixed signals across the crypto landscape. Overall, the focus on tokenized stock DeFi, especially for Pendle, points to a developing narrative that could attract more participants in the near future. Pendle is a decentralized finance platform focused on tokenizing yield-bearing assets, allowing users to unlock liquidity and maximize returns. The RWA Foundation focuses on advancing the tokenization of real-world…

The asset’s value rose, largely driven by a growing number of holders. RWA.xyz data showed that the total number of holders rose 5.43% to 19,546 over the last 30 days. Source: RWA.xyz $USDY’s growth far exceeds BlackRock’s BUIDL’s over the past 30 days; BUILD’s Total asset value dropped 4.7% to $2.17 billion. The same was true for the number of holders. Total holders plunged 2.88% to 101. Circle’s USYC even saw a steeper drop in the number of holders. Circle’s USYC: the number of holders dropped 3.3% to 29. What does it mean for the greater Ondo ecosystem? The growth…