Author: NBTC

The CLARITY Act, which is expected to create the regulatory framework for the cryptocurrency market in the US, may be facing a new hurdle before its vote in the Senate. Accordingly, two Republican senators indicated that it seems difficult for the bill to pass in its current form before next week’s vote. The senators warned that if disagreements between the White House and Congress cannot be resolved, the bill could fail in the expected vote next week. The Situation Is Not Encouraging! Speaking to Semafor, a US media outlet, Republican Senator Mike Rounds stated that the current state of the…

The upstart Robinhood Chain just had its busiest day yet, and the rush is looking a lot more like a memecoin casino than the market for tokenized stocks it was built to host. Apps on the chain earned about $2.66 million over 24 hours, second only to Solana’s $5.07 million and ahead of every other network, DefiLlama data shows. That is twice what apps on Ethereum brought in and six times those on Base. App revenue refers to money those applications earn from users, not revenue collected by Robinhood itself. The blockchain processed 5.52 million transactions on Aug. 30, an…

Dawn Internet has launched the USD.infra Vault on Solana, a significant step towards integrating real-world connectivity assets into blockchain technology. This initiative transforms cash flows from wireless networks and compute into structured, revenue-backed on-chain instruments. As highlighted in a recent tweet by @solana, this innovative solution could reshape how digital assets are perceived in the market, enhancing liquidity and accessibility for investors. The Story So Far The broader crypto market is currently showing mixed signals, with varying momentum across key assets. The introduction of the USD.infra Vault on Solana is poised to enhance its ecosystem, making it easier for investors…

Strategy (MSTR), the world’s largest corporate bitcoin $BTC$64,663.59 holder, raised its cash reserve by roughly $225 million last week after selling common stock, bolstering liquidity while leaving its bitcoin holdings unchanged. Michael Saylor, executive chairman of the firm, said Monday that Strategy now holds a U.S. dollar reserve of $3.225 billion alongside its 843,775 $BTC stash. A regulatory filing showed the company sold over 2.7 million MSTR shares for roughly $263.5 million through its at-the-market equity program. MSTR was 1.2% higher at $96 in pre-market trading alongside a small rise in the price of bitcoin over the weekend to the…

PancakeSwap Infinity has been designated as the default graduation platform for Pairdotfund, a significant move in the tokenized asset space. This transition is poised to enhance trading opportunities for users as Pairdotfund pairs tokens with traditional stock assets. The announcement, made by @PancakeSwap, highlights an evolving landscape in DeFi and may attract more users to the platform, as seen in their official tweet here. Inside the Move While the broader crypto market exhibits mixed signals, PancakeSwap Infinity’s new role as the default graduation platform for Pairdotfund signifies a strategic shift in tokenized asset trading. This partnership aims to combine the…

According to Debo Sen, head of digital assets at Citi, blockchain technology may change the infrastructure beneath cross-border payments. Swift’s massive network could make it one of the best-positioned organizations to connect the new systems. “If anybody can pull it off, it’s Swift because of the network effect it has,” Sen said. “Swift is well-positioned. They have 11,500 banks connected to them. They understand how the banks work. The banks are familiar and comfortable.” The firm’s messaging system — a service estimated to have facilitated the movement of quadrillions of dollars since its inception in 1973 — does not itself…

The CLARITY Act has moved closer to defeat ahead of its Sept. 15 Senate vote as lawmakers remain divided over presidential ethics rules and stablecoin rewards. CLARITY Act ethics talks remain stalled Semafor reported on Sept. 8 that Republican senators expect the crypto market structure bill to fail when the chamber returns, citing little progress on an ethics provision sought by Democrats. The proposed restriction would address whether a sitting president and immediate family members could profit from crypto businesses while federal policy affecting the industry is being written. According to two Democratic aides cited by Semafor, negotiators have made…

OKX recently revealed its 46th consecutive Proof of Reserves, confirming $22.96 billion in primary assets with customer assets backed above 1:1. This move underscores the exchange’s commitment to transparency and trust, especially as regulatory scrutiny increases in the cryptocurrency space. The announcement was highlighted by OKX on Twitter, showcasing its efforts to maintain user confidence in market conditions. The Latest In the latest Proof of Reserves report, OKX confirmed a significant backing of $22.96 billion in primary assets. This transparency is critical as the crypto market continues to navigate mixed signals and varying momentum among major assets. By ensuring customer…

AnsetaHQ recently highlighted the critical need for robust validator operations within the Cosmos ecosystem. Their focus on security and uptime for institutional digital ledgers underlines a significant departure from typical monolithic ledger systems. This perspective is crucial as it can shape the future of blockchain implementations across various industries, potentially enhancing trust and adoption. For further details, see the original tweet here. The Key Development The Cosmos network is gaining attention as it emphasizes the importance of decentralized validator operations, which are essential for maintaining the security and availability of digital ledgers. In contrast to most ecosystems that rely on…

With the US-Iran conflict continuing and the Strait of Hormuz being closed again, and tensions escalating, Bitcoin has turned its gaze upwards once more. However, despite the rising tensions, Bitcoin is maintaining its support level of $60,000 while continuing to challenge the $65,000 level. While price uncertainty continues for the coming days, a popular analyst, citing historical data, notes that it is quite rare for Bitcoin to fall below its previous all-time high ($ATH) during bear markets. The analyst also adds that, when past cycles are examined, the previous all-time high ($ATH) presented a significant accumulation opportunity for long-term investors.…