Author: NBTC

The world’s leading cryptocurrency exchange, Binance, has chosen Kazakhstan to establish a regional hub for international settlements. The initiative stems from a memorandum recently signed with the country’s central bank, part of a series of new agreements with Astana. Biggest crypto exchange to process payments from Kazakhstan Binance, the largest coin trading platform by daily volume, intends to create a settlement center in Kazakhstan, which will process payments for customers in the post-Soviet space. The plan was made public by the National Bank of Kazakhstan (NBK), with which the cryptocurrency exchange signed a memorandum of understanding to that effect a…

Bitcoin ($BTC) fell more than 1.6% on Friday as its latest price correction accelerated after Wall Street opened. Key points: Bitcoin price downside pressure mounts on the back of multiple macro headwinds. US bond yields further a hawkish pivot in Fed interest-rate expectations. $BTC price analysis sees a Binance “plunge protection team” attempting to shore up the market. Analysis warns US bond yields now “well above” target Data from TradingView showed $BTC/USD approaching $64,000 as bulls struggled to preserve recent gains. $BTC/USD one-hour chart. Source: Cointelegraph/TradingView Geopolitical tensions and macroeconomic headwinds weighed on crypto markets as appetite for risk assets…

The industry’s funnel also narrows sharply beyond its earliest stages. Of 3,957 blockchain companies tracked by Tracxn, 1,323 have received equity funding, but only 167 have reached Series A or later. Fifty have reached Series B, 14 Series C and just four Series D or beyond. Singapore dominates Geographically, Southeast Asia’s crypto investment market basically starts and ends with Singapore. The city-state accounts for 82.5% of the regions’s $6.2 billion cumulative blockchain funding and is home to 2,285 if the companies tracked, Tracxn said. Jakarta, Indonesia is the next largest funding hub, which accounts for just 3%. Exits are also…

The slowdown in the Shiba Inu ecosystem has also extended to its layer two network, Shibarium, as participation across its spot and DeFi markets continues to hit low levels. While its volatile price movements still persist, the latest data from DefiLlama shows that its DEX volume is heading towards zero as momentum remains bearish. What’s behind the drop? The data shows that the DEX volume of the Shibarium network has plunged significantly by 97.46% over the last week, as its decentralized exchange activity slows down. This shows that trading activity across the Shibarium layer two network is sitting at just…

A Dubai court has given Matthew William Brittain until Sept. 7 to explain where money used for legal and advisory bills ultimately came from in a dispute over $456 million connected to TrueUSD reserves. The Sept. 1 order adds a near-term disclosure deadline to proceedings in the Dubai International Financial Centre Courts. Techteryx, the claimant seeking the information, has obtained a proprietary injunction and worldwide freeze against Aria Commodities DMCC covering $456 million transferred from Legacy Trust and First Digital Trust, along with traceable proceeds. Earlier DIFC court reasons for the freeze identify the money as part of the reserves…

Financial instruments backing institutional companies’ Bitcoin reserves may create selling pressure on certain dates. Matthew Sigel, head of digital asset research at VanEck, shared a list of how companies use their Bitcoin reserves. This list provides information on Bitcoin’s position in companies’ capital structures. Companies may be forced to sell Bitcoin to fulfill financial obligations such as paying off debts or distributing dividends. Corporate Finance and Bitcoin Selling Pressure Many companies use convertible bonds, preferred shares, and loan facilities to finance their Bitcoin reserves. These financial instruments come with specific maturity and dividend dates and may require companies to sell…

Grayscale has released significant data revealing that tokenized equity trading volume peaked at nearly $3 billion in August. The report, surfaced by the CryptoTwitter commentator @WuBlockchain, indicates that only about 5% of this trading volume is employed in onchain finance. This limited onchain deployment suggests potential for growth as regulatory clarity improves, which could transform tokenized equities into productive financial assets. Breaking It Down The recent surge in tokenized equity trading reflects a growing interest in alternative trading strategies. Grayscale noted that platforms like Robinhood Chain, $BNB Chain, and Solana accounted for most of the trading activity. However, only a…

Although momentum has remained weak as the broader crypto market continues to struggle amid persisting volatility, Chainlink has managed to retain investors’ confidence even amid such negative market conditions. In a post shared earlier today, Hunter Horsley, the CEO of Bitwise investment firm, has confirmed a growing interest in Chainlink among institutional investors. Bitwise posts steady Chainlink ETF inflows According to Horsley, the Bitwise Chainlink ETF has seen unusual participation this week after it recorded inflows on multiple days over the last week. Per data provided by the CEO, the Bitwise Chainlink ETF attracted about $1.5 million in inflows over…

Dubai’s Virtual Assets Regulatory Authority (VARA) and BlackRock-backed tokenization platform Securitize signed a Memorandum of Understanding (MoU) to advance tokenization and digital asset infrastructure across the United Arab Emirates and Dubai. The MoU will establish a collaborative framework to support regulated tokenization initiatives, foster institutional participation and strengthen Dubai’s digital asset ecosystem, the companies said in a Thursday announcement shared with Cointelegraph. VARA and Securitize seek to support tokenization initiatives in Dubai, including projects initiated by VARA, to attract more talent and explore how tokenized financial products should operate under Dubai’s regulatory framework. Tokenization initiatives are also gaining traction in…

Robinhood has rolled out Agentic Trading to 100% of eligible users, integrating Virtuals Protocol as the on-chain infrastructure. This new feature allows agents to trade directly from the platform, marking a significant shift in the trading landscape. As a result, traders will likely monitor how this impacts trading volume and market dynamics moving forward. What Happened The introduction of Agentic Trading on Robinhood marks a pivotal moment in the evolution of virtual trading. This feature enables agents to conduct trades on the Robinhood platform, supported by Virtuals Protocol as their infrastructure layer. With the platform now facilitating trading for a…