Author: NBTC

SHEIN, the world’s largest online fashion retailer, is making waves by launching its tokenization initiative on Solana’s blockchain. This move allows SHEIN to issue a native utility token that enhances customer engagement through rewards and payment systems. Notably, this integration could set a new benchmark for how retail giants utilize blockchain technology in their operations, as detailed in the official announcement on Solana’s Twitter. What Happened Solana’s blockchain has been selected for this strategic initiative due to its impressive capabilities, including the ability to process over 65,000 transactions per second and extremely low fees. This makes it an ideal platform…

Bitcoin’s [$BTC] latest recovery attempt ran into heavy selling before buyers could reclaim higher ground. After briefly reaching $66,932, bearish pressure quickly erased the advance. This shift signaled that sellers remained firmly in control. That rejection became more significant when the price slipped below the $65,718 support. This turned the former demand zone into overhead resistance, confirming a lower high, lower low structure. Source: $BTC/USD on TradingView As selling accelerated, stronger bearish candles consistently overwhelmed weaker relief rallies around the $63,000-$64,000 region, reflecting fading buying interest. This shift also appeared in momentum indicators, with the RSI falling to 36.9 while…

Matthew Sigel, Head of Digital Asset Research at VanEck, made important assessments on the current state of the cryptocurrency market, AI infrastructure investments, and regulatory uncertainties in an appearance on The Rollup. Highlighting the prevailing stagnation in the market, Sigel stated that he expects Bitcoin and the overall crypto market to see bottom levels in the fourth quarter, followed by a period of stabilization. Sigel noted that companies with high capital expenditure (capex) showed strong performance in the first part of the year, but this changed from June onwards. He stated that Bitcoin, being open-source software, and the digital asset…

Coinbase CEO Brian Armstrong is making waves for appearing on the Katie Miller Podcast and calling California’s plan to tax billionaires an “unconstitutional asset seizure.” He also made other bold claims, like AI not needing regulation. The decision to appear on the right-wing podcast continues a strong tradition of Armstrong silencing his employees’ political voices while using the company’s coffers and his own money to support Donald Trump and other Republican politicians. Katie Miller, the wife of Stephen Miller (the current White House deputy chief of staff), is a Republican stalwart who briefly worked for Elon Musk’s disastrous Department of…

HashKey Group said on Sept. 2 that it had joined the Depository Trust & Clearing Corporation’s Digital Assets Advisory Services Industry Working Group, becoming its first Asian digital asset service provider. The Hong Kong based company will participate in discussions about how tokenized securities can be issued, transferred, settled and safeguarded through institutional market infrastructure. HashKey said the working group now includes more than 100 financial institutions, asset managers and digital asset companies. Participants named in its announcement include JPMorgan Chase, Goldman Sachs, Nasdaq and the New York Stock Exchange. DTCC’s own May announcement named more than 50 participating organizations.…

A Detailed Explanation Pal, founder of financial media platform Real Vision and a retired Goldman Sachs hedge fund manager, is one of the most closely followed macro voices in crypto who has spent much of the last seven months arguing that liquidity conditions, not fundamentals, drive digital asset prices. Via a post on X, Pal explained: “Bitcoin is 87% correlated to global liquidity. The Nasdaq is 97% correlated. Which tells you something most people never realise. These assets are not really trading on earnings, or news, or whatever the story of the week is. They’re tracking the amount of money…

FlightAware quietly closed the book on a legal fight it had opened barely 24 hours earlier, dismissing its legal action targeting prediction market operator Kalshi merely a single day following allegations leveled at the organization regarding misusing its flight data and trademark. The abrupt reversal in the FlightAware Kalshi lawsuit has left more questions than answers, even as Kalshi quickly adjusted the language on its flight cancellation markets in apparent response to the claims. Key takeaways FlightAware voluntarily dismissed its lawsuit against Kalshi one day after filing it, ending the case in the U.S. District Court for the Southern District.…

Wyoming has just raised the bar for how state governments can prove their digital money is actually backed by real assets. The Wyoming Stable Token Commission announced it has adopted Chainlink Proof of Reserve, a move designed to strengthen Wyoming stable token transparency by giving regulators, banks, and everyday users a near real-time, onchain view of the reserves sitting behind the state’s official Frontier Stable Token. Key takeaways Wyoming adopted Chainlink Proof of Reserve to verify reserves backing the Frontier Stable Token (FRNT) onchain in near real time. The state says the move exceeds federal requirements under the $GENIUS Act…

Hyperscale Data, Inc. announced another Bitcoin buy, bringing its holdings up to 1,106 digital coins — worth $69.7 million at today’s prices. NYSE-listed Hyperscale added just 18.594 Bitcoin to its stash since last week’s buy of 51.5 coins. Hyperscale shares (GPUS) were trading nearly 4% lower Tuesday morning in New York. “Every Bitcoin we acquire further strengthens Hyperscale Data’s balance sheet and expands our financial flexibility,” Milton ‘Todd’ Ault III, Hyperscale Data’s executive chairman, said. “A stronger and larger Bitcoin treasury gives us additional options to finance growth, pursue strategic opportunities, and create long-term value for our stockholders. We intend…

A new batch of GTA VI leaks are being used by an X user to pump their crypto as part of a “secret project.” The user, who goes by the name “CyberLeek,” shared GTA VI gameplay footage alongside the ticker for a crypto called $CYBERLEEK yesterday. It included details about GTA VI’s map and footage of free-roam gameplay that, at the time of writing, are no longer viewable on X following a copyright strike from the game’s creator, Rockstar Games. CyberLeek is raising funds for ‘secret project’ CyberLeek created their token to raise funds for a “secret project” that they…