Author: NBTC

Bitcoin’s Third Break Below $64,000 This Week The $64,000 level has become a battleground of sorts for bitcoin traders over the back half of July. To this point, Bitcoin.com News reported a slide below the level late last week when the asset retreated from nearly $67,000 and triggered an $87 million liquidation event, split between $70 million in long positions and $17 million in shorts. Three days later, bitcoin failed three separate attempts to clear resistance at $65,500, which pushed total 24-hour liquidations to $75 million as the price slipped back to a session low of $64,336. Today’s move follows…

Moving a large DeFi position can quickly become complicated when capital is spread across lending markets, collateral positions and different protocols. Enso wants to compress that process into a single transaction. The onchain execution infrastructure company has launched Flashloan Actions within its Bundle API, allowing fintechs, asset managers and institutional vault operators to borrow temporary liquidity and use it across complex DeFi strategies without building separate integrations for each lending protocol. The system currently connects eight flashloan providers, including Aave V3, Morpho, Balancer V3, Uniswap V3, Dolomite, Bend, Hyperlend and Kodiak, across 19 blockchain networks. For institutions managing large onchain…

India is strengthening its efforts to bring its native currency, the rupee, to the global financial market. As BRICS countries explore ways to connect their modern payment systems and CBDCs, India is looking to increase the use of the rupee in cross-border transactions. Notably, India is expected to host the 2026 BRICS summit. The country will play a major role in discussions around digital payments and CBDC integration. As the Indian government is increasingly taking initiatives to expand the country’s digital payment ecosystem, this development is slated to bring massive changes. India To Bring Rupee in Global Digital Payments The…

Memecore, the entity behind the M token, announced on its official X account that it had entered into a $1 billion token-for-stock swap with Nasdaq-listed Zerostack (ZSTK), a company known for accumulating 0G tokens. Under the deal, Memecore would contribute M tokens in exchange for Zerostack shares and pre-funded warrants. However, the announcement has been met with widespread skepticism from the cryptocurrency community, which questions both the deal’s stated valuation and the underlying value of the assets involved. Community raises red flags over deal size and token valuation Community members quickly pointed out that the $1 billion figure appears overstated.…

A recent filing with the U.S. Securities and Exchange Commission (SEC) indicates that Ripple might release additional $XRP from its escrow accounts if Congress passes the CLARITY Act. The disclosure, part of the registration statement for the Cryptex Digital Market Cap ETF, has drawn attention from legal experts and $XRP holders, who see it as a potential signal of increased supply under a clearer regulatory framework. What the SEC Filing Says The filing, which allocates approximately 4.88% of the ETF’s portfolio to $XRP, includes language suggesting that Ripple could unlock more $XRP from escrow to support on-ledger liquidity for stablecoin…

South Korean payment gateway company Danal has become the first domestic payment gateway (PG) firm to join the global OpenUSD stablecoin ecosystem, marking a significant step in its expansion into digital asset payments. The company announced on August 21 that it has officially joined the Open Standard consortium, a governance body backed by approximately 140 global companies, including Visa and Mastercard. What is OpenUSD and the Open Standard consortium? Open Standard is a global initiative that aims to establish a new digital finance standard through OpenUSD (OUSD), a U.S. dollar-based stablecoin. The consortium describes OUSD as a neutral payment asset…

Three blockchain networks stopped producing blocks within four days. Each blockchain halt used different emergency powers, and Cronos alone also replaced part of its canonical history. Cronos said validators halted the network by consensus after an exploit affected Tectonic, restored the chain to state from before the incident, and resumed production from block 90,896,189. The action replaced state as well as stopping production. Transactions and state changes that existed only after the chosen restore point no longer belonged to the restarted canonical chain. Ontology and ICON used different emergency levers. Ontology suspended block production before confirming malicious attack activity, and…

Bitcoin is approaching a crucial technical stage, with analysts outlining sharply different paths for the cryptocurrency. One chart ties a possible move toward $75,000 or $50,000 to the Clarity Act, while another projects a late-August low before a potential recovery. $BTC Could Target $75,000 if Clarity Act Passes Bitcoin traded near $64,600 as analyst Ted Pillows outlined two sharply different price scenarios linked to the Clarity Act. His chart suggests approval could support a rally toward $75,000 or higher, while rejection could increase the risk of a decline toward $50,000. Bitcoin Clarity Act Outlook. Source: Ted (@TedPillows) on X Bitcoin…

Growing demand for real-world assets (RWAs) is becoming evident as liquidity in defi markets continues to rise. Crypto commentator Hayden Adams recently highlighted the increasing LP fees associated with RWAs during the ongoing defi summer. This trend suggests a significant shift in market dynamics, indicating that liquidity may continue to grow in response to this demand. Source The Key Development The current crypto market is displaying mixed signals, with varying momentum across major assets. Amidst this backdrop, the liquidity for RWAs is garnering attention, particularly as LP fees related to defi summer yield farming gain traction. Observations indicate that as…

Rain acquired Ansa, a startup whose software lets merchants run their own branded prepaid wallets, the stablecoin card issuer announced. The purchase adds a product built on fiat. Ansa’s wallets hold dollar balances that customers load in advance and spend at the brand that issued them, and neither company described a stablecoin leg in the technology Rain bought. Rain’s plan is to pair those balances with its own Visa and Mastercard issuing so a prefunded balance can spend outside the merchant that sold it, and to run wallets, rewards and stablecoins off one platform. Ansa was founded in 2022 by…