Author: NBTC

Investors who put $1,000 into Nvidia (NASDAQ: NVDA) stock two months ago have gained about $109 ahead of the company’s highly anticipated earnings release. Notably, Nvidia shares rose from $192 on June 26 to $213 by press time on August 26, delivering an 11% return despite recent volatility in the stock. At the current price, a $1,000 investment made on June 26 would now be worth approximately $1,109. The gain comes as Nvidia prepares to report fiscal second-quarter results after the market closes today, August 26, an event that could determine the stock’s next major move. The recent advance is…

In brief Flare’s FXRP is now accepted as collateral in Sentora’s $RLUSD vault on Morpho. $XRP holders can borrow Ripple’s $RLUSD stablecoin on Ethereum without selling their $XRP. The integration is the first time an $XRP-based asset has been approved as collateral in an institutionally curated Ethereum lending vault. $XRP holders can now borrow Ripple’s $RLUSD stablecoin against their holdings on Ethereum without selling their tokens after Flare’s FXRP was approved as collateral in Sentora’s $RLUSD Main vault. Announced on Monday by layer 1 blockchain developer Flare, the integration lets users convert $XRP into Flare’s FXRP token, bridge it to…

The Bank of Thailand has announced a framework consisting of five key principles aimed at preventing illegal transactions in the financial sector. This initiative is crucial for enhancing compliance and safeguarding the integrity of financial systems. Details can be found in the official announcement here. As the financial landscape evolves, these guidelines may shape future regulatory measures. What Happened The Bank of Thailand’s latest announcement emphasizes the need for proactive measures against financial crime. The framework is designed to address illegal transactions, ensuring that financial institutions adhere to stringent compliance rules. The regulatory body’s commitment to enhancing the security of…

Solana’s blockchain is making waves with the launch of Africa’s largest IPO, which opens to stablecoin subscriptions. This development, highlighted by commentator @SolanaFloor, signals growing interest in leveraging blockchain technology for financial innovation. As the project unfolds, it could pave the way for broader adoption of digital assets in emerging markets. What Happened The broader crypto market is currently experiencing mixed signals, yet Solana’s ecosystem continues to thrive with significant developments. Africa’s largest IPO is now accessible through stablecoin subscriptions, a move that reflects an innovative approach to capital raising in the region. Notably, Imperial Perps also introduced Armada, a…

Bitcoin held near its pre-Fed announcement levels of around $76,000 on Wednesday despite the US Federal Reserve raising its benchmark interest rate for the first time since 2023 to address persistently high inflation. The Fed’s Federal Open Market Committee on Wednesday voted unanimously to raise rates by 25 basis points to a target range of 3.75% to 4%, a move that typically puts pressure on stocks and other risk assets. However, Bitcoin showed little immediate reaction to the announcement and was trading at $76,663 at the time of writing, up 1.35% in 24 hours. “The initial reaction suggests the Fed’s…

Circle minted around $5 billion worth of $USDC over the past week, according to on-chain data. This comes in when the demand for dollar-backed stablecoins continues to grow. The surge in issuance has caught traders’ attention because large $USDC mints can signal that more liquidity is preparing to enter crypto markets. However, the process of gross minting does not necessarily imply that $5 billion worth of new dollars instantly went into circulation. In fact, Circle uses pre-mint addresses on Solana, where $USDC can be created and kept before being allowed into circulation. In any event, the process occurs against the…

Armada Acquisition Corp. II, the SPAC seeking to take $XRP treasury operator Evernorth Holdings public, has borrowed $135,000 from Arrington $XRP Capital Fund. Arrington is both Armada’s sponsor and the subscriber behind a major $XRP commitment to the transaction. The unsecured note was signed July 27 and drawn July 31. Its proceeds may be used for ordinary administrative expenses, and Armada can seek more funding subject to Arrington’s discretion. The note matures when the business combination closes or terminates, whichever comes first. The disclosed use and terms are consistent with a working-capital bridge for the SPAC process and do not,…

Bernstein analysts expect “aggressive and swift” rulemaking from the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), after the Digital Asset Market Clarity (CLARITY) Act failed to pass a Senate cloture vote on Tuesday. Bernstein analysts said the regulatory agencies will publish new regulations to “make up for the time lost negotiating the CLARITY Act,” in a Wednesday note shared with Cointelegraph. The analysts said they expect agency regulations including token taxonomy for raising capital, developer protection measures concerning decentralized finance and self-custodial protocols, innovation exemptions for equity tokenization, faster approval times for real-world asset perpetual…

Upbit has delayed the start of JPYC trading by three hours on Sept. 17, moving the yen-backed stablecoin’s scheduled launch from 12:00 p.m. to 3:00 p.m. KST across its KRW, $BTC and $USDT markets. Upbit said in its Sept. 17 listing notice that the original support plan covered both JPY Coin (JPYC) and PayPal USD ($PYUSD), with trading initially set to begin at noon. The exchange updated the notice at 11:50 a.m. KST and changed only JPYC’s start time. Upbit did not give a specific reason for the delay in that update. At 1:58 p.m. KST, the latest public update…

Allfunds Blockchain has announced its decision to utilize Solana for fund distribution, a move that showcases the network’s robustness and scalability. Ruben, the Managing Director at Allfunds, highlighted that Solana’s technology can support significant business scales, indicating a growing confidence in its capabilities. This decision may pave the way for increased adoption of Solana in institutional finance and fund management sectors. For further details, see the source. The Latest As the crypto market evolves, Allfunds Blockchain’s choice to adopt Solana for fund distribution stands out. Solana’s infrastructure is well-known for its high-speed transactions and low costs, making it a favorable…