Author: NBTC

As Head of Global Operations at Anchorage Digital, I often think about this forthcoming change through two different experiences but ultimately come to the same conclusion. Anchorage Digital is home to America’s first federally chartered digital asset bank and the first federal stablecoin issuer. And as a former national bank examiner at the OCC with about a decade of experience supervising America’s traditional banks I’ve learned the same lesson: a wider federal regulatory perimeter makes America stronger. Anchorage Digital Bank, N.A. is proof of that lesson. Yet despite having helped widen that perimeter by pioneering federally-regulated crypto banking that complies…

The number of active addresses holding Solana-based stablecoins has surpassed 1.7 million, marking a record high for the network, according to on-chain analyst Darkfost. This milestone underscores the growing role of stablecoins in Solana’s ecosystem, with total stablecoin supply on the chain now reaching $16.3 billion. Stablecoin Growth on Solana Darkfost, a well-known on-chain analyst, shared the data on social media, highlighting that stablecoins are experiencing explosive growth on Solana. The current supply includes $6.8 billion in $USDC, $2.9 billion in $USDT, and $1.2 billion in $USDGO, among other assets. This surge in active addresses reflects increased user engagement and…

Coinbase exchange has requested the U.S CFTC and SEC to offer clear and harmonized regulations for equity perpetual futures (perps). Equity perps, or RWAs (real-world asset tokenization), allow traders and investors to take leveraged positions on tokenized stocks and ETFs. Unlike Option contracts, analysts view them as a better way of hedging, especially for crypto natives and less sophisticated investors. Collectively, RWAs and commodity perps (those tracking gold, oil, etc) have exploded offshore. Although the CFTC recently approved crypto perps for Kalshi and Coinbase, there is no similar framework for equity perps. In fact, the regulators recently called for public…

In a recent podcast interview, Bitmine Chairman Tom Lee offered a clear preference when asked which platform he would hold for the next decade: Robinhood over Kalshi. Lee, a well-known crypto bull and founder of Fundstrat Global Advisors, highlighted Robinhood’s competitive edge and its ability to build a genuine connection with users. He also stressed that the platform’s user interface is often underestimated by investors. Why Robinhood Stands Out to Tom Lee Lee’s endorsement of Robinhood comes amid a broader debate about the future of retail trading platforms. He argued that Robinhood’s intuitive design and customer-centric approach give it a…

Recent developments highlight Solana’s position in blockchain innovation, especially with the launch of a tokenized magazine by Phygitals and rising interest in tokenized AI stocks. These advancements not only enhance Solana’s ecosystem but also engage its community, as observed by various industry commentators. The implications of these innovations could significantly shape the future landscape for digital assets. What Went Down Phygitals has launched a tokenized magazine based on the popular anime One Piece, utilizing Solana’s blockchain to potentially revolutionize digital collectibles. This innovative project is part of a broader trend towards integrating traditional media with blockchain technology. Additionally, the Solana…

Markets are split on whether the Federal Reserve will hike rates or stay on hold on Wednesday, but analysts say bitcoin $BTC$63,880.93 may be less vulnerable than AI-driven tech stocks. Bitcoin $BTC$63,880.93 recovered from its intra-day losses to trade flat just below $64,000 on Tuesday, while AI-linked technology stocks stumbled again ahead of one of the most uncertain Fed meetings in years. Markets currently price a 70% probability that the Fed leaves rates unchanged on Wednesday and a 30% chance of a surprise 25-basis-point hike, CME FedWatch data shows. The split reflects Chair Kevin Warsh’s reduced use of forward guidance,…

Aave’s August surge suggested that DeFi borrowers were returning at scale, rather than rotating between smaller lenders. Its active loans rose from about $11.1 billion to $12.5 billion. This surge added more than $1.5 billion in the last 30 days. Of this surge, the sharpest expansion occurred after the 20th of August. This was after the borrowing pace accelerated past the $12 billion mark, extending the move to the end of that month. That growth mattered because larger loan balances usually reflect stronger demand for leverage and on-chain liquidity. Source: X Notably, Aave [$AAVE] controlled roughly 42–48% of top-ten Active…

Standard Chartered-led Anchorpoint Financial has started a limited rollout of HKDAP, its Hong Kong dollar-backed stablecoin, four months after securing one of the city’s first two issuer licences. The initial rollout will focus on institutional payments and settlement before adding more access channels and cross-border applications. HashKey Exchange and OSL Group joined as authorized distributors, allowing eligible institutions and professional investors to obtain HKDAP through their apps and other supported channels, according to separate announcements. HashKey said it had completed its first minting and redemption transaction for the token, including conversions between HKDAP and fiat currency. Anchorpoint, a joint venture…

Circle has expanded Circle Mint to support direct local-currency $USDC on- and off-ramps across eight currencies. The company said in an Aug. 18 post that foreign exchange is handled inside Mint, removing the need for a separate conversion step or pre-funding additional accounts. Alongside USD and EUR, Circle listed the Brazilian real, British pound, Hong Kong dollar, Mexican peso, offshore Chinese yuan and Singapore dollar among the local currencies supported for eligible Mint account holders. How the proposed flow works Circle says customers can activate cross-currency exchange, link a bank account for the local-currency side and register that account for…

Cody Carbone, CEO of The Digital Chamber, offered a detailed breakdown of what to expect from the Senate’s September 15 vote on the Clarity Act, warning that the date marks the start of a process rather than a final outcome. What September 15 Actually Is Senate Majority Leader John Thune scheduled the vote before the August recess. Carbone said he feels “very confident that we’re going to start the process on September fifteenth,” but was clear about what that vote does and doesn’t mean. “That vote on September fifteenth, it’s very important for people watching, is not the final passage…