Author: NBTC

Cardano founder Charles Hoskinson has responded after Japanese financial giant SBI Holdings partnered with the Solana Foundation to build an on chain financial market in Japan. The deal has fueled the criticism across the Cardano community, with many $ADA supporters questioning why one of Cardano’s strongest markets is now backing a rival blockchain. Why Are Cardano Holders Upset? SBI recently announced its partnership with the Solana Foundation to develop stablecoins and tokenize real-world assets in Japan. The announcement quickly frustrated Cardano supporters because Japan has played a major role in Cardano’s history. During Cardano’s early fundraising, nearly 90% of $ADA’s…

The US Commodity Futures Trading Commission (CFTC) announced a committee meeting to advise the agency on policy issues, including a potential exploration of how to address cryptocurrency regulation in the absence of congressional action. In a notice issued Thursday, the CFTC said it would hold a meeting for its Innovation Advisory Committee on Aug. 20 to address regulation related to crypto assets, AI and prediction markets. Among the potential topics to be discussed on crypto were “areas where regulatory action can complement future congressional legislation,” likely referring to the US Senate failing to advance the Digital Asset Market Clarity (CLARITY)…

Bitstamp’s new deposit rule will automatically reject crypto deposits exceeding €1,000 from third-party self-custody wallets starting Aug. 18. The notice targets wallets owned by someone other than the Bitstamp account holder. It says deposits from other exchanges will not be affected, and it does not describe a blanket block on customers moving assets from their own self-custody wallets. One customer reproduced the Bitstamp-branded notice, while a commenter on r/BitstampOfficial said they also received an email about the change. Bitstamp has not publicly authenticated the notice, and the user reports don’t identify the affected legal entities, jurisdictions or account types, nor…

Bitcoin ($BTC) stayed motionless at Thursday’s Wall Street open as analysis saw signs of reemergent US “stagflation.” Key points: Bitcoin stays below $65,000 as Iran tempers expectations over the Strait of Hormuz oil route reopening. US PMI data analysis sees “stagflation” return as a potential future risk. $BTC price indecisiveness means that the market still lacks a “genuine breakdown,” says Bitfinex. Iran cools market hopes of Hormuz deal Data from TradingView showed $BTC/USD hovering above $64,000, down around 0.5% on the day, while US stocks opened flat. $BTC/USD one-hour chart. Source: Cointelegraph/TradingView Anticipation of a deal between Iran and Oman…

Galaxy will provide staking infrastructure for Morgan Stanley’s new Ethereum and Solana exchange-traded products, giving investors access to staking rewards through regulated investment vehicles. The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust will stake part of their holdings through institutional validators. Galaxy is one of three providers selected to support staking for both products. Galaxy has been selected by @MorganStanley Investment Management as an approved validator to power staking for two new digital asset ETPs: Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL). Both products aim to track the performance of ETH and SOL,… pic.twitter.com/z65FCvKCQi…

Ahead of the Fed’s interest rate decision tomorrow at 9:00 PM (2 p.m. ET), expectations that the policy rate will remain unchanged are gaining strength in the markets, but this prediction, like previous ones, is not nearly certain. Market forecasts are pricing in a roughly 80% probability of the Fed not changing rates at its July meeting, and a 19% probability of a 25 basis point increase. The Federal Reserve, ahead of its second policy meeting under Chairman Kevin Warsh, has kept its benchmark interest rate stable at 3.50–3.75 percent since December. Recent increases in energy prices and hawkish statements…

Virtuals Protocol has recently announced the launch of a curated board of developer-selected agents, as shared on their official Twitter account. This development is part of their ongoing efforts to enhance user engagement and build a stronger community, according to the announcement on Twitter. The Latest The broader crypto market is currently showing mixed signals, with various assets reflecting different momentum trends. Amidst this backdrop, Virtuals Protocol has gained traction with its recent tweet announcing a curated board of agents, which has received 214 likes and 23 retweets. This level of engagement indicates a noteworthy interest in the initiative, suggesting…

The city of Baltimore has filed a lawsuit against prediction-market platforms Kalshi and Polymarket, alleging that their sports event contracts constitute unlicensed gambling and violate Maryland law. The suit, reported by The Block, marks one of the first major municipal actions against the rapidly growing prediction market industry, which has expanded into sports betting territory without traditional state gaming licenses. Legal Claims and City’s Argument Baltimore Mayor Brandon Scott stated that the companies appear to believe they can bypass state regulations by rebranding sports betting as “event contracts.” The city argues that these products are functionally indistinguishable from sports wagers,…

Tokenized equities are gaining scale, and Ondo Finance [$ONDO] stocks now provide the clearest measure of how quickly that market is expanding. Notably, recent data shows that participation and capital growth are moving at different speeds. At press time, the number of holders doubled within thirty days to 1.33 million, broadening the number of wallets with tokenized-stock exposure. Source: RWA.xyzAt the same time, the total monthly transfer volume jumped by 194% to $23.49 billion, indicating that tokens were being transferred more often. This was also indicated by an increase of 41.6% in active addresses to almost 601k. Such an activity…

MetaPlanet Chief Financial Officer Dylan LeClair, a guest on Natalie Brunell’s show, discussed the recent sharp sell-offs in the cryptocurrency markets and the growing criticism of Bitcoin treasury companies. LeClair noted that the current pessimistic sentiment in the market bears striking similarities to the 2022 crash, arguing that the price pullback and the clearing of leverage have opened the door to a new rally period for Bitcoin. LeClair stated that the recent pullback in Bitcoin prices has created a negative perception of companies holding Bitcoin on their balance sheets, adding that this is a cyclical phenomenon. Recalling a similar doomsday…