Author: NBTC

America’s biggest banks, including JPMorgan, Citi and Bank of America, plan to build a shared, tokenized deposit network by the first half of 2027 to protect their deposits from the threat posed by stablecoins, the Wall Street Journal reported. The system will be operated by The Clearing House, the payments company collectively owned by the banks. Some banks are calling the network “the bridge,” others call it “the chain,” the WSJ said. Tokenized deposits are blockchain representations of customers’ money held at a bank. The planned system will convert these deposits into a digital token that can be transferred swiftly…

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already. Bitcoin has bounced to over $77,000, triggering a broader market recovery that has lifted both the CoinDesk 20 (CD20) and CoinDesk 80 (CD80) indexes by more than 1% since midnight UTC. Some coins, such as privacy-focused Dash and $XDC Network’s $XDC token, have gained 10% over the past 24 hours. Some analysts continue to maintain a cautious stance, saying the market is caught between positive regulatory tailwinds and macro headwinds. “Short-term action is pressured by [ETF] outflows and macro caution, while long-term positioning is supported…

Ripple CTO Emeritus David Schwartz has candidly revealed that he does not have much $XRP left. He may miss out on massive crypto windfalls, but the Ripple veteran claims peace of mind is his top priority as of now. The $1.05 Ethereum sale As reported by U.Today, Schwartz famously sold Ethereum ($ETH) at just $1.05/ Addressing the early $ETH sale, Schwartz maintained his pragmatic stance on probability and market forecasting. “If I had thought there was a 1% chance of it hitting $2,368, I would not have sold it for $1.05,” he said. When subsequently asked by another user if…

South Korean authorities are escalating their fight against cryptocurrency-related financial crime. The National Police Agency has announced the formation of a specialized task force dedicated to investigating and disrupting money laundering operations that rely on Tether ($USDT) and other digital assets. The move, first reported by the Korea Economic Daily, comes in response to a sharp increase in illicit financial activity facilitated by a growing network of unregistered crypto exchange offices operating across Seoul. Targeting a Growing Underground Economy The task force will be led by the head of the Economic Crime Investigation Division and will draw personnel from multiple…

In a transaction that caught the attention of the crypto community, Whale Alert reported the movement of 500 million USDS from the Poloniex exchange to an unidentified wallet address. The transfer, valued at approximately $500 million, is one of the largest stablecoin movements recorded in recent weeks. Details of the Transaction According to the blockchain tracking service Whale Alert, the transfer occurred on [date of event, e.g., March 18, 2026] and involved the USDS stablecoin, which is pegged to the US dollar. The funds originated from a wallet associated with Poloniex, a cryptocurrency exchange that has faced significant operational changes…

With bitcoin prices sliding to levels not witnessed since February, the network’s hashrate has undergone a steep contraction, with 145 exahash per second (EH/s) exiting the system since the close of May. Key Takeaways: Bitcoin’s network hashrate dropped 145 EH/s since May 28, falling to 885 EH/s as prices slide to February lows. Hashprice fell 26.96% in 30 days to $28.26/PH/s, with Elektron Energy CEO Rapha Zagury calling it Bitcoin’s first “ hashrate bear market.” A 10.76% difficulty reduction is projected for June 13, 2026, as fees below 1% of miner rewards remain a long-term structural concern. Hashprice Falls 27%…

Virtuals Protocol, an AI agent infrastructure platform for onchain economies, announced the migration of its cross-chain operations from LayerZero to Chainlink CCIP. The move will support transfers of more than $700 million worth of the VIRTUAL token and become the protocol’s exclusive cross-chain infrastructure. The decision follows a broader security review conducted by Virtuals after the recent LayerZero-related exploit. According to the company, the review focused on strengthening the infrastructure required for autonomous AI agents that can transact, coordinate, earn revenue and move value across multiple blockchains. Virtuals Protocol develops tools for creating and monetizing AI agents. These agents can…

Bitcoin and altcoins have recently reversed their upward trend and started to decline. $BTC has fallen by 5% in the last week, dropping to $77,000, while cryptocurrency analysis company Santiment has revealed the most popular altcoins in the cryptocurrency world in its latest post. According to Santiment, investors are showing strong interest in Bitcoin ($BTC), Ethereum ($ETH), Cardano ($ADA), Solana ($SOL), USD Coin ($USDC), and $XRP. Bitcoin led the trending cryptocurrencies in the last 24 hours, surprisingly followed by $ETH, $ADA, $SOL, $USDC, and $XRP. The most popular cryptocurrencies in the crypto sector and the reasons why are listed below:…

Backpack joins the DTCC working group to advance tokenized securities, bridging traditional finance infrastructure with next-generation blockchain technology and unified margin systems In a historic milestone for the convergence of traditional finance (TradFi) and the digital asset ecosystem, Backpack has officially announced its participation in the Depository Trust & Clearing Corporation (DTCC) Industry Working Group. This coalition, comprising over 50 elite financial firms, is primarily focused on informing the development and launch of DTC’s new tokenization service, scheduled for production in October 2026. DTCC is the core post-trade market infrastructure powering global markets, currently holding custody of assets valued at…

The LEND-$AAVE migration process, which has been a long-standing topic of discussion within the Aave ecosystem, has sparked renewed debate. Aave Labs’ new proposal, which unexpectedly progressed to the AIP (Aave Improvement Proposal) stage, attracted attention by giving LEND token holders a limited time frame. According to the shared information, users who currently hold LEND tokens have only 5 days to convert them to $AAVE. Users who do not complete the conversion within this period will completely lose their right to switch, and their remaining LEND tokens may become worthless. Related News Bitcoin Surged, But an Analyst Issued a Warning…