Author: NBTC

America’s largest banks are preparing a direct response to one of crypto’s fastest-growing products: stablecoins. JPMorgan Chase, Bank of America, Citigroup and other major lenders said Friday that they plan to launch a shared tokenized deposit network through The Clearing House by the first half of 2027. The project would allow bank deposits to move across blockchain infrastructure with round-the-clock settlement, giving traditional bank money some of the same capabilities that have helped stablecoins gain traction. The move highlights the growing competition to become the preferred form of cash on blockchain networks. “Following the GENIUS Act, a competition seems to…

Expanding adoption of the $XRP Ledger among major financial firms has fueled speculation from Jake Claver that BlackRock may one day launch an $XRP ETF. According to comments made by Claver during a recent interview, $XRP is likely to see increased adoption across the $XRP Ledger ecosystem in the coming months as more institutions explore the network’s payment and settlement capabilities. Jake Claver @beyond_broke Chairman of Digital Ascension Group, says an $XRP ETF from BlackRock is on the horizon. This will increase the price of $XRP. Who else is bullish on #$XRP? 🚀 Full interview with Jake will drop next…

India’s central bank has once again made its position clear: it believes the country’s cryptocurrency policy should ultimately lead to a ban. According to a report by Reuters, the Reserve Bank of India (RBI) has communicated this stance in a government document reviewed by the outlet. While major government agencies appear to favor stricter regulations on digital assets, the Indian government has not yet finalized an official policy to either fully ban or regulate cryptocurrencies. Background of India’s Crypto Regulatory Debate The RBI’s renewed assertion is the latest development in a long-running debate over how India should treat cryptocurrencies. In…

A prominent voice in the cryptocurrency investment space has issued a stark warning about the financial health of MicroStrategy, the largest corporate holder of Bitcoin. Charles Edwards, founder of the crypto hedge fund Capriole Investments, publicly described the company’s current business model as a ‘time bomb’ and proposed a multi-step rescue plan that includes repaying all outstanding debt. Edwards’ Critique: A Business Model Reliant on Price Appreciation Edwards argues that MicroStrategy’s current strategy, heavily reliant on Bitcoin’s price appreciation to service its financial obligations, is fundamentally unsustainable. He specifically criticized the company’s perpetual preferred stock (STRC), which he labeled a…

U.S. spot Ethereum exchange-traded funds (ETFs) recorded a net inflow of $26.9 million on July 7, marking the fourth consecutive trading day of positive flows, according to data from investment research firm Farside Investors. The inflows were driven entirely by BlackRock’s iShares Ethereum Trust (ETHA), which reported $26.9 million in net new investments for the day. No other spot Ethereum ETF reported inflows or outflows on the same date. Strengthening Institutional Demand The sustained inflow streak signals growing institutional appetite for regulated Ethereum exposure. Since their launch in mid-2024, spot $ETH ETFs have provided traditional investors with a familiar vehicle…

S&P Dow Jones Indices will keep its existing eligibility requirements for benchmarks including the S&P 500, rejecting a rule change that could have allowed newly public megacap companies such as SpaceX, OpenAI, and Anthropic to enter the index faster. S&P said Thursday it will not grant exceptions to its financial viability, seasoning, and investable weight factor requirements solely based on market capitalization. The decision keeps the S&P 500’s stricter framework in place even as rival index providers move to accelerate inclusion for large listings. The ruling means SpaceX would not be eligible for S&P 500 inclusion until at least one…

Anthropic’s decision to shut down access to its latest artificial intelligence models after a US order to suspend access to foreign nationals highlights the risks of centralized control in AI, which could increase demand for decentralized alternatives, says Grayscale. Grayscale head of research Zach Pandl said in a note on Monday that the order to cut access to Anthropic’s Fable 5 and Mythos 5 shows “the centralized control of frontier AI technology and drives home the need for decentralized alternatives.” “We expect demand for decentralized AI, like Bittensor and its $TAO token, to continue to rise as investors seek alternatives,”…

Citadel told the New York court the decision to stop pursuing the case had nothing to do with the merits of its claims. Instead, it said it had already prevailed in a separate London arbitration against Portofino’s founders on employment-related claims including breach of contract, unlawful means conspiracy and deceit, winning damages and legal costs that the High Court later recognized and made enforceable. Despite that victory, Citadel said it has been unable to collect the award, leading to the bankruptcy petition against Lancia. In the filing, Citadel says Lancia owes 5.98 million pounds of the 2025 award by the…

Cryptocurrency exchange Binance has suspended its services in several European countries, primarily France, after failing to obtain the necessary license under the European Union’s new regulatory framework for crypto assets, MiCA, by the deadline. The decision took effect on July 1st and directly affected users, particularly in France. Due to its inability to obtain the necessary operating license in time under the MiCA regulation, the company was forced to suspend its cryptocurrency trading services in France. As a result, users in the country can no longer conduct spot or margin trading. The platform can only be used for withdrawing assets.…

Bitcoin price traded near $62,600 at press time, according to crypto.news market data. $BTC was up 0.31% in 24 hours but remained down 4.38% over seven days. Daily trading volume stood near $23.99 billion, while market cap held close to $1.25 trillion. The price action came as CryptoQuant data showed a sharp drop in selling by older Bitcoin holders. These wallets, often called OG investors, have held $BTC for more than five years and usually move coins during major profit-taking periods. “Today, the 90-day average of $BTC spent by these OGs has dropped below 1,000, sitting at 962, its lowest…