Author: NBTC

Maple has secured a significant partnership with Kraken, closing an institutional-grade warehouse facility aimed at enhancing liquidity access for Kraken’s OTC clients. This collaboration allows clients to leverage their digital asset holdings while providing Maple’s lenders opportunities for senior overcollateralized credit. The announcement surfaced via a tweet from @maplefinance, highlighting a notable step in onchain finance. The Story So Far The broader crypto market is currently exhibiting mixed signals, but the partnership between Maple and Kraken represents a strategic shift towards more robust financial solutions in the digital asset space. Maple’s recent move to bring asset-backed finance onchain is particularly…

BNY has tapped crypto financial services firm Galaxy (GLXY) to add staking capabilities to its digital asset custody platform, the companies announced Tuesday. The new service will allow institutional clients to stake digital assets held in custody through BNY’s platform, pending regulatory approval. Galaxy will provide the staking infrastructure while also serving as a design partner as BNY expands its blockchain-based services. Staking allows holders of certain crypto assets to help secure blockchain networks by locking up their tokens in exchange for rewards. For large investors, offering staking through the same platform that holds their assets removes the need to…

Bitcoin $BTC$66,644.43 rose after the Bank of Japan raised interest rates to a 31-year high, pushing the price from around $65,600 in Asian trading to more than $66,500 during European hours. The largest cryptocurrency has added 1.5% over the past 24 hours, continuing its recovery from a June 5 low below $60,000. Several altcoins posted even stronger gains. Stellar’s XLM, Injective’s INJ and Uniswap’s $UNI rose between 13% and 16%, ranking among the best performers in the top 100 cryptocurrencies by market capitalization. $UNI’s gain comes after Standard Chartered initiated coverage of Uniswap and set a long-term price target for…

Hyperliquid is one of crypto’s fastest-growing trading venues and the leading decentralized perpetual futures exchange. The platform processed more than $150 billion in trading volume in July alone, while its volume relative to Binance climbed to 11.5%, underscoring its growing share of the derivatives market. $USDC balances on Hyperliquid have swelled to roughly $6 billion, making it an increasingly important distribution channel for the stablecoin. Under the new arrangement, Coinbase will classify $USDC on Hyperliquid as “on-platform,” collecting the income generated by reserves and paying 90% of it to Hyperliquid. JPMorgan estimated Coinbase previously split nearly all of the revenue…

According to the Shibburn website, 2.96 billion $SHIB were burned in the last seven days. The latest figure represents a notable increase in $SHIB tokens burned compared to recent weeks. Aside from surpassing that burned in recent weeks, this has made a significant imprint on a one-year timeframe, as seen on the Shibburn website, significantly exceeding other burn transactions since this time last July. Given this, one might refer to the figure of 2.96 billion $SHIB weekly burn as the largest in a year. Contributing to this figure is remarkable $SHIB burn activity on July 26 and 27. This coincided…

Senate Republicans are seeking Democratic support for the Clarity Act as lawmakers consider starting a floor process before the August recess. Clarity Act faces a 60-vote Senate test Crypto industry groups hope Thune will begin the floor process by filing cloture on a motion to proceed, according to a Crypto in America report. A cloture filing would typically set up a vote two Senate session days later. At least 60 senators would need to support the motion before the chamber could begin debating whether to take up the bill. If the Senate invokes cloture, lawmakers could spend as many as…

Ondo has announced the introduction of fixed-rate, fixed-term lending for tokenized stocks, marking a significant development in their offerings. This new feature is live now on Morpho and aims to enhance trading opportunities for users. This update could attract more investors looking for predictable yields in the evolving crypto landscape. For more details, check out Ondo’s announcement on Twitter. The Key Development The crypto market just witnessed a sharp move as Ondo launched fixed-rate lending for tokenized stocks, notably FLHYon, $SPYon, and $QQQon. This development allows users to leverage these assets on Morpho, previously utilized as collateral. The broader crypto…

NEXT has shipped v5.9.2 of the NeoLine Chrome extension wallet, adding signing-transparency features that show users key details of a transaction before it is confirmed. Changes impacting the Neo X-side of the user experience include: Permit request details, including spender address, approved amount, and expiry date, are now displayed before the user confirms. Estimated balance changes are shown before a transaction is signed. Clear flags appear when a transaction involves unlimited approval or revocation. The update addresses a problem known as blind signing, in which a wallet asks a user to authorize a transaction without showing what is being approved.…

Bitcoin has spent years fighting for acceptance in traditional finance. Many investors questioned whether institutions would ever embrace digital assets. Those doubts have largely disappeared. Today, the conversation looks very different. BlackRock’s launch of its new Bitcoin income ETF marks another major step in Bitcoin’s evolution. This product does not simply offer exposure to Bitcoin. Instead, it focuses on generating income while maintaining Bitcoin-related exposure. That distinction matters because it shows how institutional investors now view the asset. The market no longer debates whether $BTC belongs in portfolios. Large financial firms have already answered that question. Now they are creating…

Federal Reserve Chairman Kevin Warsh stated that the Fed’s dual mandate of price stability and full employment is not contradictory, adding that controlling inflation would encourage employers to create new jobs. During the session, Warsh, while commenting on the US economy, stated that economic activity remains strong and financial markets are generally functioning healthily. However, he noted a mixed picture in the housing market, adding that inflation remaining above the Fed’s target for an extended period is putting pressure on housing finance and affordability. Warsh stated that the Fed could mitigate the effects of this problem by ensuring price stability,…