Author: NBTC

$XRP has continued to flash mixed signals as its price trades sideways. Amid this weak momentum, it appears that large holders are increasingly dumping tokens on exchanges. While whale activity on the world’s largest crypto exchange, Binance, continues to provide a bearish signal, the latest data from CryptoQuant shows that deposits from large $XRP holders have yet to return to the relatively low levels seen before late 2024. $XRP retests $0.90 Following a sharp price correction last week, $XRP has retested its multi-year low at around $0.90, falling massively from its Q1 2025 high above $3. $XRP has lost a…

The FSCA South Africa has initiated regulatory actions against senior officers of Altvest Limited, now rebranded as Africa Bitcoin Corporation. This enforcement focuses on transactions involving Altvest Limited shares, highlighting the increasing scrutiny by regulators in the cryptocurrency sector. The actions taken by the FSCA may have wider implications for compliance and consumer protection in the crypto market. For more details, see the official announcement here. What Happened The FSCA’s regulatory action against senior officers of Altvest Limited indicates a significant move to enforce compliance and protect investors. As the cryptocurrency market continues to evolve, regulators are stepping up efforts…

According to CryptoQuant data, trading volume in the $XRP futures market reached its highest level in six months in August. This increase, marking the strongest activity since February, indicates a renewed strengthening of liquidity and investor interest in the derivatives markets. According to the data, Binance ranked first in $XRP futures trading volume in August with approximately $37 billion. Bybit came in second with approximately $14.54 billion, while OKX saw around $12.88 billion in trading. Thus, the total $XRP futures trading volume across these three exchanges alone exceeded $64.6 billion during the month. CryptoQuant stated that this rise indicates a…

Mexican authorities have dismantled a massive cryptocurrency mining operation that allegedly stole electricity from infrastructure connected to a federal hydroelectric complex. The clandestine facility was discovered in Tlaola, a municipality in the northern highlands of Puebla, according to a Sept. 8 report from EL PAÍS. The operation reportedly contained around 300 specialized computers used for cryptocurrency mining. Authorities are now investigating whether similar mining farms are operating elsewhere in the region. According to EL PAÍS, the facility had been illegally connected to infrastructure associated with the Nuevo Necaxa hydroelectric dam. Investigators seized transformers, medium-voltage equipment, approximately 300 computing units and…

Robinhood Chain launched July 1 as an Arbitrum Orbit Layer-2 blockchain built around tokenized U.S. equities. Its Stock Tokens are issued by Robinhood Assets (Jersey) Limited and backed 1-to-1 by real shares held in custody. They provide economic exposure and dividends but no voting rights or beneficial ownership, and they are not offered to U.S. persons. A New Meme Coin Starts With a Stock For roughly two weeks after launch, Robinhood Chain largely looked like another venue for meme coin speculation. Then, to everyone’s surprise, launchpads long.xyz and Bankr introduced a feature that created what traders are calling the RWA…

The number of transactions carried out exclusively by autonomous AI agents on the $XRP Ledger (XRPL) has surpassed 2,094,121. According to data from xrpl-ai.org, an active marketplace has emerged within the $XRP-native blockchain in just one month, with AI systems directly paying one another for digital services. However, the financial scale of this activity is unusual. The total settlement volume across all two million transactions amounted to a modest 5,112.89 $XRP and 2,281.96 $RLUSD. With $XRP trading at around $1, the combined value was approximately $7,400. With the average transaction worth a negligible $0.0035, bots pay microscopic amounts for specific…

The SEC’s Rule 206(4)-5, known as the “pay-to-play” rule, prohibits an investment adviser from getting paid by any governmental client for two years if the adviser or anyone covered by the rule has made a political contribution to any such official or candidate having the ability to influence the selection of the adviser. On September 3, the SEC suggested repealing the mentioned rule and related recordkeeping requirements. If the proposal is successful, investment advisers and their staff members would benefit the most. Their firms could carry on with the management of government money for compensation without having to follow the…

Binance unveils an important update to its Proof of Reserves feature, allowing users to verify that their assets are backed 1:1. This move comes as the exchange aims to enhance transparency and user trust within the crypto community. The announcement was highlighted in a recent tweet by Binance, emphasizing the need for users to not just trust but verify, which is crucial in today’s evolving market landscape. The Latest update on Binance’s Proof of Reserves underscores its commitment to user security and trust. By allowing users to verify that their assets are fully backed, Binance aims to address growing concerns…

Gold has always been the asset investors turn to when markets feel shaky, but this time it’s showing up somewhere unexpected: on blockchains. Tokenized gold trading has surged back into focus across crypto markets after a strong August rebound, with Tether Gold (XAUT) emerging as the clear leader of the pack. CoinGecko data shows XAUT changing hands near $4,430, a level reached after spot gold pulled back from its recent highs, even as trading volumes and wallet counts kept climbing. Key takeaways XAUT trades near $4,430 and remains the dominant tokenized gold asset in crypto markets, according to CoinGecko. Tokenized…

A former Ripple engineer and current Walrus Protocol development marketer known online as “Bias Goose” has settled on the key instrument for his upcoming project on the $XRP Ledger (XRPL). In a recent social media post, he published a concise teaser promising, “We will make $RLUSD great again,” finally confirming that his secretive startup will be built around Ripple’s U.S. dollar stablecoin. The slogan is an important detail in a series of cryptic hints he has been posting since early August. At present, however, this is literally all that is publicly known. We will make $RLUSD great again — Bias…