Author: NBTC

Anchorage Digital Bank has submitted a comment letter to the Office of the Comptroller of the Currency as U.S. regulators move forward with rules for stablecoin issuance under the $GENIUS Act. The letter comes as Anchorage prepares to support Western Union’s planned U.S. Dollar Payment Token, or USDPT, under a federally regulated issuance model. The OCC proposed rules for payment stablecoin issuers earlier this year, covering institutions under its supervision. The agency said the proposal addresses regulations required under the $GENIUS Act, except separate rules tied to Bank Secrecy Act and sanctions compliance. Anchorage is positioning itself as a regulated…

US prosecutors said they have secured eight sentences in the last five months against people acting as US-based proxies for North Korea-based IT workers, shedding new light on how they have been able to infiltrate US companies. Two men have been sentenced this month alone. The Justice Department said Wednesday that separate courts sentenced Nashville resident Matthew Issac Knoot and New York resident Erick Ntekereze Prince for helping North Koreans work remotely for US companies. The US perpetrators, known as “laptop farmers,” acted as receiving points for laptops that US companies would send to new employees. They installed remote desktop…

Nigerian fintech pioneer Paga has partnered with the Sui blockchain to integrate cryptocurrency infrastructure into its platform. Key Takeaways: Paga partnered with Sui on May 7 to launch high-yield accounts and crypto rails for 1 billion people. Paga joins Flutterwave and Paystack in exploring blockchain for settlement, treasury and global payments Paga will use its $42 billion historical scale to roll out $USDsui stablecoin yields and asset tokenization. A Roadmap for Digital Finance Nigerian fintech pioneer Paga has entered a partnership with Sui blockchain, marking the company’s most significant push into crypto infrastructure to date. The collaboration was unveiled on…

Bitcoin has traded below Grand Trend’s Forecasting support level since January 2026. Since the trend’s breakdown, $BTC has experienced strong bearish pressure, falling below both long-term and short-term realized prices. Amid this extended, weakened structure, crypto analysts have expressed greater pessimism and projected a prolonged decline, citing realized price data. Bitcoin continues to show cracks According to Darkfost, $BTC has held below the realized price that excludes inactive supply for two months. The analyst noted that the realized price, after the adjustment, is approximately $72,500. These price levels now act as immediate resistance. Source: Darkfost/X Looking at the previous bear…

Avalon Labs (AVL), a Bitcoin on-chain financial services platform, has announced its intention to introduce a gold-backed yield product that leverages Tether Gold (XAUT) on its proprietary on-chain asset management platform, SuperEarn. The product, which will be available exclusively to institutional investors who have completed Know Your Business (KYB) verification, combines a quantitative market-neutral strategy with a real-world asset (RWA) allocation approach and a proprietary risk management framework. A specific launch date has not yet been disclosed. Product Structure and Strategy The upcoming product is designed to offer institutional investors exposure to gold through a yield-generating mechanism. By integrating XAUT—a…

Garret Jin, founder of the now‑defunct crypto exchange BitForex, transferred his remaining Ethereum [$ETH] holdings to Binance [BNB]. Notably, on‑chain data shows he deposited 225,627 $ETH, valued at $528.19 million. In total, prior wallet activity indicates that Jin moved about 577,896 $ETH, worth $1.35 billion, into Binance over just four days, including this transfer. Source: Lookonchain/X That said, about eight months ago, when $ETH was trading at $4,591, most of Jin’s current holdings were swapped from Bitcoin [$BTC]. However, with Ethereum trading far below its previous peak, the value of Jin’s holdings has dropped sharply. On‑chain data shows he is…

While US President Donald Trump has reiterated that both diplomatic and military options remain on the table in the ongoing tensions with Iran, uncertainty persists regarding a possible agreement between the parties. Trump stated that he was awaiting the “full text” of a draft agreement that had been presented to him, while describing the blockade against Iran as a “very friendly blockade.” According to Iranian media, the Tehran government has presented the US with a plan to end the war “on all fronts.” According to a senior Iranian official, this proposal includes reopening maritime traffic in the Strait of Hormuz…

The White House is pushing to pass the CLARITY Act before July 4, 2026, as lawmakers race to approve the biggest crypto regulatory framework in U.S. history. At the same time the banking lobby groups are reportedly trying to derail the bill. As the concern grows, investors are wondering what will happen if the CLARITY Act fails to pass. Will Bitcoin price crash? What Happens If the CLARITY Act Fails? Bitwise CIO Matt Hougan says institutional investors are unlikely to abandon crypto even if the Clarity Act fails to pass. He pointed out that during the 2018 and 2022 market…

$XRP Ledger sidechain Xahau is in the spotlight amid the launch of Blockchain-Based Settlement for Euro remittances to Ethiopia. Global payments infrastructure company TerraPay, in partnership with Cooperative Bank of Oromia, announced the launch of Blockchain-Based Settlement for inward remittances to Ethiopia. The initiative, which supports euro-denominated remittance flows from Europe, was developed in collaboration with the Inclusive Financial Technology Foundation (INFTF). INFTF and TerraPay worked together with Ethiopian financial authorities to establish the regulatory and technical framework for the blockchain-based inward remittance settlement. A major milestone on the Xahau roadmap has been completed!From core developers to fintechs and banks,…

Yes, you read the title right. The number of bullish bitcoin wagers, the so-called $BTC/USD long positions, on the OG exchange Bitfinex has hit multi-month highs. But, bulls, hold your cheers, as this metric has become a textbook “contrary indicator” over the years, with upswings characterizing bitcoin’s price downtrends. Highest since 2023 The number of $BTC/USD longs has increased to 79,343, the highest since November 2023, according to data source CoinDesk. Rising bullish bets usually signal growing upside pressure – a positive read. But historically, the market has done the exact opposite, falling just as Mother Nature turns sunny forecasts…