Author: NBTC
BlackRock, the world’s largest asset manager, made important assessments following the Genius Act stablecoin law signed by US President Donald Trump. The GENIS Act, which has been eagerly awaited for months, was finally passed and went into effect with Trump’s signature. While some experts expressed concerns that stablecoins would weaken the dominance of the US dollar, global giant BlackRock offered an opposite analysis. BlackRock said the GENIUS Act could further strengthen the US dollar, according to a report by Walter Bloomberg. BlackRock assessed that stablecoin regulations coming into force in the US could strengthen the dollar’s international position. Stating that…
According to Glassnode, Bitcoin investors made an incredible $3.5 billion in realized profits over the last 24 hours, which is one of the biggest single-day cashouts of the year. It is interesting that this wave was not led by short-term traders. Long-term holders took the lion’s share, walking away with $1.96 billion – 56% of the total realized profits. On-chain data shows a rare instance where long-term Bitcoin holders – usually known for holding through volatility – took advantage of high prices to sell a lot of their holdings. Short-term holders had the remaining $1.54 billion, which suggests a widespread…
Elon Musk has emerged as the most influential figure in crypto, surpassing US President Donald Trump. The top ranks of crypto influence also include current and former Congresspeople. Notably, only one non-US politician and one woman made it onto this influential list. The analysis carried out by ApeX Protocol used>Crypto’s Most Influential Voices Today Earlier this month, trading platform ApeX Protocol released an in-depth analysis identifying crypto’s most influential voices. Their methodology combined estimated crypto holdings, net worth, and social media reach. “What this ranking really shows is that crypto influence isn’t just about who has the biggest wallet. It’s…
A man on trial in Germany has escaped criminal charges after allegedly stealing $2.9 million (€2.5 million) in cryptocurrency through an unauthorized transfer, thanks to a series of unusual legal loopholes. The case, heard by the Braunschweig Higher Regional Court (OLG), involved the alleged theft of 25 million unspecified tokens. According to court documents, the defendant helped the victim set up a crypto wallet for a project and, in the process, reportedly gained access to the 24-word seed phrase. He then allegedly transferred the tokens from the victim’s wallets into two other wallets outside the victim’s control. But under Section…
A popular crypto analyst thinks things could continue to get “a little crazier” in the ongoing digital asset bull market. In a new YouTube video, Jason Pizzino tells his 353,000 subscribers there is a “nice psychological level” for the overall crypto market cap at the $4 trillion point. The crypto market cap (TOTAL) currently sits at $3.646 trillion at time of writing and is down 1.39% in the past 24 hours. Pizzino notes that he’s been looking at 150% of the crypto market cap range in the bull market between late 2022 and the February 2024 high, projected off the…
RealT, a Florida-based RWA issuer, is being sued after offering tokenized shares of dozens of homes it does not own. Additionally, code and tax violations have accumulated over 408 properties in RealT’s possession. This incident highlights a serious potential problem for the entire RWA market. Can these companies really offer returns on property incomes, or will Ponzi schemes power investor yields? RealT’s Detroit RWA Plan As befitting the crypto crime supercycle of 2025, many novel scams, hacks, and other frauds are preying upon investors right now. The RWA market has been durable in bear markets, growing despite broader downturns, and…
The Senate Agriculture Committee has pulled a planned hearing on Brian Quintenz’s nomination to chair the Commodity Futures Trading Commission (CFTC), following a request from the White House just days before lawmakers leave for August recess. In an update to the committee’s schedule on Monday, chair John Boozman and ranking member Amy Klobuchar said lawmakers would not consider Brian Quintenz’s nomination to chair the CFTC. A spokesperson for the committee told Cointelegraph that consideration of Quintenz’s nomination was removed following a request from the White House. Cointelegraph reached out to the White House for comment but had not received a…
Bitcoin journalist and historian Pete Rizzo has shared a tweet that is sending the community back 18 years – right into 2012. That was the year that BTC traded at $20 and YouTuber Molly Templeton published a video, where she explained to her wide audience what Bitcoin was about. That year also marked two years after mysterious Bitcoin creator Satoshi Nakamoto decided to leave the public space and disappear, leaving his invention in the hands of a dedicated community. Bitcoin’s up 590,000% since 2012 The blogger stated that while one Bitcoin could be exchanged for roughly $20, if the U.S.…
AIIA Finance, a prominent AI-led DeFi project on the Base blockchain, has partnered with Spheron Foundation, a popular decentralized GPU compute ecosystem. The collaboration focuses on advancing the AI-driven DeFi infrastructure. AIIA Finance announced on X that the partnership intends to leverage the advanced decentralized infrastructure to provide a scalable and smart AI-based trading ecosystem. Hence, the initiative is a key move to utilize the convergence of the blockchain and AI technologies to deliver a relatively inclusive, autonomous, and intelligent financial network. @aiia_finance x @SpheronFDNWe’re thrilled to announce our strategic partnership between @aiia_finance and @SpheronFDN, uniting forces to revolutionize AI…
Bettors on the Polygon-based prediction market Polymarket are assigning a 96.3% probability that the Federal Reserve leaves interest rates unchanged at its July 29–30 meeting, according to the platform’s contract covering the decision. On top of the percentage of bets on “no change,” the platform’s dashboard shows 3% betting on a 25‑basis‑point cut, and less than 1% betting on either a larger cut or a hike. The backdrop The bets come amid an unusually public dispute between President Donald Trump and Fed Chair Jerome Powell. Trump has argued that the Fed should have started cutting rates. During a July 24…