Author: NBTC

The US government shutdown is threatening to be a long one, which may cause rating agencies to downgrade the nation’s credit. This bearish signal would cause chaos for TradFi, but a possible opportunity for Web3. Specifically, agencies warned that further deadlock could damage the US’s credit rating. Prediction markets are currently rather confident that this shutdown will continue for longer than the historical average. Can Shutdowns Cause Credit Downgrades? After a narrow vote in Congress failed last night, the US federal government entered a shutdown, with huge potential ramifications for the crypto market. For example, even though TradFi stocks went…

TOKEN2049 scrubbed all references to the A7A5 stablecoin from its website and speaker roster following Reuters’ inquiry. The swift takedown of the platinum sponsor, targeted by U.S. sanctions, revealed the event’s reactive posture to a major compliance scandal. Summary TOKEN2049 dropped sanctioned A7A5 stablecoin from its sponsor list after Reuters inquiries. A7A5, tied to Kremlin ally Ilan Shor and Russia’s Promsvyazbank, has $70.8 billion in transactions since launch. 41.6B tokens valued at nearly $500 million are in circulation, raising concerns over sanctions evasion and global adoption. On Oct. 3, Reuters reported that TOKEN2049 organizers, after being contacted for comment, purged…

The MicroPay team, one of five finalists and a winner of the Built Prize at the hackathon. Image source: @PolkadotAPAC on X [Zurich, Switzerland – October 6th, 2025] – The fusion of AI and blockchain reached a new milestone at a 36-hour hackathon at the TOKEN2049, Asia’s leading crypto conference. Among the event’s standout projects, MicroPay, a system enabling cross-chain micropayments for AI agents using Hyperbridge, a Polkadot-based rollup, was named a category winner for its innovative use of Hyperbridge, a Polkadot-based rollup. Hyperbridge uses novel technology to address the security and interoperability challenges of traditional bridges, which have collectively…

Ethereum (ETH) has staged a recovery after bouncing from recent lows, pushing closer to the $4,500 level. The rally comes even as some of the most crucial long-term holders (LTHs) exit positions. Other investors, however, appear to be countering the impact through consistent inflows that are supporting price strength. Ethereum Investors Counter Each Other On-chain data shows Ethereum’s Liveliness metric trending higher, a signal that long-term holders continue to sell. This group holds significant influence, and their selling often creates downward pressure on ETH’s valuation. Their recent activity reflects caution and suggests that some larger investors remain unconvinced about near-term…

The Federal Deposit Insurance Corporation’s board of directors is set to discuss proposed rules that could impact crypto firms amid allegations of debanking. In a Thursday notice, the FDIC said its board would consider a notice of proposed rulemaking “regarding prohibition on use of reputation risk by regulators.” Though the agenda did not explicitly mention debanking concerns tied to digital assets, acting FDIC chair Travis Hill has previously criticized regulators for using “reputation risk” as justification to prevent some banks from engaging in crypto activities, such as allowing clients to send funds to exchanges. US President Donald Trump used the…

Stripe, a leading global fintech company, hit an all-time high in USDC stablecoin transfers. In September 2025 alone, the platform processed over $17 million in USDC via three blockchains, with Polygon (POL) outshining Ethereum (ETH). Stripe hits $100 million in USDC transfers across Polygon, Ethereum, Base Stripe’s Global Financial Accounts service eclipsed a cumulative $100 million in transfers via the USDC stablecoin. This massive amount was processed on three blockchains: Polygon (POL), Ethereum (ETH) and Base. . @stripe Global Financial Accounts uses stablecoins by @USDC reached a total volume of $102M on three chains: Ethereum, Base, and Polygon.In September, @stripe…

BNB Chain ($BNB), one of the world’s largest blockchain ecosystems, has announced its strategic partnership with Chainlink, a famous decentralized oracle ecosystem. The purpose of this collaboration is to bring official U.S. economic data on-chain and also make a bridge between traditional markets and the Web3 ecosystem. We’re excited to announce that we’ve integrated the @chainlink data standard to bring official U.S. economic data onchain.By providing developers on BNB Chain with reliable, real-time economic inputs, this integration opens the door for innovative onchain applications and… https://t.co/vHLUJeJKJS — BNB Chain (@BNBCHAIN) October 6, 2025 Both platforms are built on decentralized technology,…

Ethereum (ETH) has jumped by 9.19% in the last seven days as the asset maintained stability above the $4,000 level. This uptick has sparked bullish sentiment in the Ethereum community as investors anticipate an upsurge toward $5,000. Analyst warns of “Dead Cat Bounce” in Ethereum However, MikybullCrypto, a crypto trader on X, maintains that an Ethereum “dead cat bounce” that could trap bulls is at play. For clarity, a dead cat bounce refers to a brief recovery period for an asset when the price goes up a little, after a huge decline. Notably, the asset reverses the uptick and continues…

Strategy, the world’s largest corporate holder of Bitcoin, is no longer anticipating a multi-billion tax liability from an increase in the value of its $75 billion stockpile, following a clarification from the IRS and Treasury Department on Tuesday. In a 71-page document, the regulators said that firms are not required to incorporate unrealized gains or losses on the value of digital assets into calculations on whether they are subject to a 15% corporate alternative minimum tax (CAMT) that was established in 2022. In an SEC filing, Strategy said that it plans to follow the guidance and, as a result, it…

As the U.S. Government nears the end of day three of a shutdown and the crypto industry frets over delayed ETF approvals, one office on Capitol Hill is still charging forward on President Trump’s crypto agenda with an aim to getting a market structure bill on his desk by the end of the year. Senator Cynthia Lummis (R-Wyo), Chair of the Subcommittee on Digital Assets and one of the key leaders on negotiating a crypto market structure bill in the Senate, responded to an inquiry about whether the effects of a shutdown would slow or stall this work. A spokesperson…