Author: NBTC
The SEC has effectively transferred crypto ETF approval authority to the CFTC by establishing futures contracts as the primary qualification standard for digital asset exchange-traded products. Bloomberg analyst James Seyffart described this arrangement as “pseudo-outsourcing” decision-making power to the derivatives regulator. Under the proposed listing standards, cryptocurrencies need only show six months of futures trading on the Coinbase derivatives exchange to qualify for ETF inclusion. This framework removes traditional investment product requirements and places the CFTC in control of which assets can access ETF structures. If the rule is finalized as-is, the SEC pseudo outsourced the decision making for which…
Coinbase (COIN) will report second-quarter earnings after Thursday’s market close and expectations are diverging sharply on Wall Street as analysts weigh falling trading volumes against a wave of regulatory developments and product rollouts. FactSet consensus estimates peg the company’s revenue at $1.59 billion in the second quarter, up from $1.45 billion in the same period last year. Earnings per share are expected to come in at $1.25. Below the surface of those topline numbers, however, lies a debate over what matters more right now: declining crypto spot volumes or Coinbase’s growing subscription and services (S&S) business, fueled by higher interest…
Subzero Labs is betting that its newly-funded network Rialo, with its native event triggers and Web2-like reactivity, can reverse developer exodus from crypto. If it works, the Pantera-backed network could rewrite the rules of blockchain usability. Summary Subzero Labs has raised $20M led by Pantera Capital to launch Rialo, a new blockchain aimed at solving crypto’s developer retention crisis. Built by alumni from Meta, Netflix, Solana, and Diem, Rialo prioritizes real-world integration with event-driven architecture and native web connectivity. According to a press release dated August 1, Subzero Labs has emerged from stealth with a $20 million funding round led…
Bitcoin has risen to become the world’s fifth-largest asset by market capitalization after its price surpassed $122,000. The cryptocurrency’s total market capitalization has reached $2.407 trillion, surpassing Amazon, Google, and silver. Bitcoin Surpasses $122,000, Becoming the World’s 5th Most Valuable Asset Gold ($22.64 trillion) currently leads the ranking of assets with the highest market capitalization, followed by NVIDIA, Microsoft and Apple, respectively. Bitcoin’s historic rise is being viewed as a rally fueled not only by market momentum but also by infrastructure developments. “This isn’t just a price movement; institutional inflows via ETFs, progress on crypto policies in Washington, and improved…
Ethereum is trading at $3,786, down about 3.7% from its local high of $3,933 recorded on July 28. Summary ETH is still up 56% in the last 30 days despite a 3% pullback from $3,933 local top. Exchange reserves fell by over 1M ETH in the past month, signaling reduced sell pressure. ETH ETF inflows remain strong, while technicals show bullish momentum with short-term exhaustion. The move marks a minor retracement after a sharp rally over the past 30 days, with the token still up 56%. While trading volume has dropped 12.2% over the last 24 hours to $26.1 billion,…
The world of digital finance is buzzing with anticipation, and a groundbreaking development is set to put South Korea at the forefront of stablecoin innovation. Imagine a digital currency that combines the stability of traditional money with the efficiency of blockchain technology. This is precisely what a South Korea stablecoin aims to achieve, and a pivotal moment is fast approaching. KONA I, a prominent South Korean fintech firm, is poised to make history by conducting the nation’s first stablecoin issuance demonstration. This event, scheduled for July 31, represents a significant leap towards integrating digital currencies into everyday financial systems, potentially…
South Korea’s financial watchdogs have raised red flags over crypto lending and margin trading products recently launched by Upbit and Bithumb, warning of legal uncertainty and investor risks tied to high-leverage trading in the absence of proper safeguards. The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) summoned officials from the country’s top five crypto exchanges last Friday to raise concerns, according to Korea JoongAng Daily. The warnings came after Bithumb launched a lending service on July 4, allowing users to borrow digital assets or fiat against crypto collateral, with up to 4x leverage across 10 tokens including Bitcoin…
VALR, the largest crypto exchange in Africa by trade volume, has launched xStocks on its platform, becoming the first crypto exchange on the continent to offer tokenized U.S. equities trading, based on details shared with Finbold on July 31. The service allows customers to gain price exposure to leading U.S.-listed companies including Tesla, Nvidia, Robinhood, Circle, and Coinbase through tokenization. Farzam Ehsani, Co-Founder and CEO of VALR, emphasized the significance of the launch for African markets: “The launch of xStocks on our platform represents a pivotal moment in advancing access to innovative products that brings choice and inclusion to people…
Bitcoin miner profits reached their highest monthly mark in July since the last halving in April of 2024, JP Morgan analysts wrote in a note published Friday. Miners were able to earn an average of $57,400 per EH/s in daily block reward revenue, the analysts, Reginald L. Smith and Charles Pearce, wrote. “July was another strong month for Bitcoin miners,” the report read. “Mining profitability reached the highest level since the most recent halving (Apr ’24), and ten of the thirteen miners we track outperformed BTC price appreciation for the month (+8%).” Bitcoin hit a record high of $122,838…
Stability World AI is excited to announce its groundbreaking collaboration with Ai Xovia to transform the future of decentralized finance. This partnership aims to build more transparent, intelligent, and utility-driven systems by merging artificial intelligence (AI) with human-powered execution. Stability World AI, a decentralized financial infrastructure powered by AI, has announced the news via its official X account. The other partner, Ai Xovia, is a next-generation autonomous finance ecosystem on the Solana blockchain. 🚨 Partnership AnnouncementWe’re thrilled to partner with @AiXovia — a next-gen autonomous financial ecosystem built on Solana, powered by AI and a human-powered execution network. Together, we’re…