Author: NBTC
A new data point attracting attention in the cryptocurrency market points to a potential shift in investor behavior. According to an assessment shared by Amr Taha, an analyst at the onchain analytics platform CryptoQuant, the increase in stablecoin reserves on the Binance exchange indicates that spot buying demand may be strengthening. The analysis indicated that Binance’s Ethereum holdings have fallen to 3.3 million ETH, the lowest level since February 2024. Similarly, its Bitcoin reserves have decreased from 670,000 $BTC to 636,000 $BTC. This is interpreted as a decrease in the supply of crypto assets available for sale on the exchange.…
A Bank of Canada staff paper found that Aave V3 reported zero non-performing loans in 2024, with overcollateralization and automated liquidations helping prevent lender losses in its Ethereum lending market. Using transaction-level data from Jan. 27, 2023, to May 6, 2025, the study found that positions were typically liquidated before collateral values fell below outstanding debt, helping contain lender losses across the sample. But the model came with a tradeoff, the paper said. While it protected lenders from unrecovered losses, it also shifted risk onto borrowers and constrained capital efficiency compared with traditional lending systems. According to the paper, Aave…
In today’s newsletter, Claudia Marcela Hernández analyzes how stablecoins have evolved past volatility-fixers to become the foundational settlement asset for global tokenized markets and cross-border payments, following the clarity provided by the GENIUS Act. Then, in Ask an Expert, Morva Rohani breaks down how stablecoin regulation serves as a foundation for tokenized capital markets, why some jurisdictions see U.S. stablecoin policy as a risk, and the key factors advisors must use to assess a stablecoin’s credibility. Learn about the latest advancements in the Clarity Act in Keep Reading. Happy Reading. – Sarah Morton Are stablecoins the infrastructure reshaping global finance?…
Nishad Singh, the former head of engineering at FTX, will pay $3.7 million to resolve his case with the US commodities regulator over his alleged role in the collapse of the crypto exchange and the misappropriation of user funds. As part of the supplemental consent order, Singh will be required to pay a disgorgement of $3.7 million and imposes a five-year ban on trading in markets and an eight-year registration ban, blocking him from obtaining a license to operate in the sector, the US Commodity Futures Trading Commission (CFTC) said in a statement on Wednesday. “The initial consent order and…
Coinbase (COIN) said Thursday it had received initial approval for a national trust company charter from the U.S. Office of the Comptroller of the Currency, Bloomberg reported, marking a step toward it operating as a federally regulated crypto custodian. The approval is not final. It is a conditional green light that sets out requirements Coinbase must meet before it can receive a full charter. These typically include building out compliance systems, hiring key personnel and undergoing regulatory reviews. The OCC also expects firms to show they can manage risk, protect client assets and follow anti-money laundering rules. Only after those…
Key takeaways Anthropic’s deal with the Pentagon collapsed due to ethical concerns over AI’s use in mass surveillance. The Pentagon’s urgency in AI negotiations is tied to military preparations, highlighting strategic priorities. AI tools from Anthropic are already deeply embedded in US military operations. Trust and validation are critical when integrating new AI technologies into government operations. The government may have used the situation with Anthropics as leverage in negotiations. A significant culture clash exists between Anthropics’ leadership and the Department of War. Anthropic’s leadership sought to limit the Department of War’s access to public databases due to surveillance concerns.…
A sudden withdrawal from Hyperliquid’s HLP pool just before a sharp $XPL crash has sent shockwaves through DeFi markets. Arkham reported that a single Ethereum wallet pulled out funds right as seven other accounts carried out a coordinated price manipulation. Arkham highlighted the timing in a post, questioning whether the wallet reacted too early to on-chain activity. While no coordination has been confirmed, the sequence of events has fueled speculation about how quickly traders can respond to changes in liquidity. Wallet Activity Signals Strategic Positioning On-chain data shows the wallet remained active across multiple DeFi platforms before the move. It…
The finance ministry in Moscow has made it clear it may soon obligate Russian companies to convert their cryptocurrency revenues into local fiat. The department also announced that the long-awaited legislation to regulate the country’s crypto market will be filed with the parliament next week. The bill must be passed by the summer, with Russia’s first legal cryptocurrency transactions expected to take place as early as this year. Minfin eyes return of Russian crypto earnings from abroad The Russian Ministry of Finance is considering ways to repatriate cryptocurrency received by firms engaged in foreign economic activities. It has just supported…
The US state of Alabama has become the second US jurisdiction after Wyoming to grant decentralized autonomous organizations (DAOs) legal status under the DUNA Act. The Decentralized Unincorporated Nonprofit Association (DUNA) Act (Senate Bill 277) was introduced in February by Republican Senator Lance Bell. The House passed it 82-7 with 16 abstentions on March 17, and has now been signed by Alabama Governor Kay Ivey, according to a16z Crypto. Speaking about the bill’s passage, a16z Crypto’s head of policy and general counsel, Miles Jennings, said on Wednesday that “Decentralized governance is essential to crypto’s future—it’s one of the core constructs…
YZi Labs has announced a strategic additional investment in prediction market platform Predict.fun following the second season of its EASY Residency program, according to an official update from the firm. The follow‑on round brings in Susquehanna Crypto, the digital asset trading arm of global quantitative trading firm Susquehanna International Group, signaling growing institutional interest in on‑chain prediction markets. The Predict.fun team graduated from YZi Labs’ EASY Residency Season 2 cohort, unveiled during Binance Blockchain Week, where the incubator highlighted the protocol’s blend of DeFi yield, self‑custody and gasless UX as the basis for “mainstream prediction markets.” YZi Labs described Predict.fun…