Author: NBTC

Producer Prices Cool, Fed Bets Shift The Bureau of Labor Statistics released the June Producer Price Index (PPI) at 8:30 a.m. Eastern time. The headline number came in at 5.5%, below consensus estimates and down from prior readings. Lower producer prices tend to feed into consumer inflation over time. With June CPI already showing signs of moderation, traders read the PPI print as another sign the Federal Reserve has room to cut rates later this year. Treasury yields eased slightly in early trading, a move that typically supports higher valuations for stocks and crypto. Companies with heavy energy or commodity…

Morgan Stanley has launched the Solana Trust ETP, which began trading on NYSE Arca this week, providing investors a regulated vehicle to gain exposure to Solana without directly handling the cryptocurrency. This launch is significant as it reflects the growing acceptance of crypto assets in traditional finance, particularly among institutional investors. The impact on the market could be substantial as more financial products like this enter the space, enhancing liquidity and credibility for Solana. Inside the Move The recent developments around Solana showcase its growing footprint in the crypto and financial markets. Morgan Stanley’s Solana Trust ETP is a notable…

South Korea’s Financial Services Commission told the National Assembly ahead of a July 29 policy briefing that it plans to prepare a consolidated Digital Asset Basic Act with the ruling Democratic Party. The proposed framework would cover stablecoins, exchanges, disclosures, internal controls and system resilience. Separately, the National Assembly’s Finance and Economic Planning Committee was scheduled to table an opposition amendment seeking to remove the crypto income tax before its Jan. 1, 2027 start date. Neither proposal has changed current law. South Korea stablecoin bill would unify 10 proposals The FSC’s planned bill would establish rules for stablecoin issuance and…

X Money has begun rolling out to Premium and Premium+ subscribers in the United States, adding deposit accounts, instant transfers, and a Visa debit card directly to the social media platform. X Money brings banking tools inside the social platform X Money combines peer-to-peer payments with financial services commonly offered by banks and digital payment applications. Users can send funds instantly to other X accounts without paying a transfer fee. The service also includes interest-bearing deposit accounts with annual percentage yields of up to 6%. Eligible purchases made through the X Card, a Visa debit card connected to the account,…

Bridging the Gap in Digital Capital Markets SBI Group, DigiFT, and Startale Group announced a joint initiative demonstrating how JPYSC, a trust-based Japanese yen stablecoin, can support the complete lifecycle of tokenized securities. The successful proof-of-concept (PoC) trials, conducted on an Ethereum testnet environment, showcased instant settlement for tokenized fund subscriptions and automated, on-chain dividend distributions. The joint initiative aims to solve a persistent bottleneck in the digital asset space. While tokenized real-world assets ( RWAs) have grown rapidly, the actual cash settlements and dividend payouts for these assets typically still rely on traditional, slower banking infrastructure. By integrating JPYSC…

$NEAR Protocol has launched the Nearcore 2.13 release, which introduces significant upgrades to bolster the network’s cryptographic durability and capacity. Notably, the integration of NIST-approved FIPS-204 signing enhances security against potential quantum attacks. Additionally, dynamic resharding simplifies capacity management, promising improved scalability for $NEAR’s ecosystem. This advancement could attract more users and developers to the platform as it prepares for future challenges. Breaking It Down The broader cryptocurrency market is witnessing mixed signals, with $NEAR Protocol making a notable move in this environment. The recent Nearcore 2.13 release focuses on crucial capacity and security upgrades, particularly with the implementation of…

Jay Clayton, the former chairman of the U.S. Securities and Exchange Commission (SEC) whose tenure was defined in the crypto industry by the agency’s lawsuit against Ripple Labs, has been confirmed as the ninth Director of National Intelligence (DNI). The U.S. Senate approved Clayton’s nomination in a 51-47 party-line vote on Tuesday, elevating the former Wall Street lawyer, SEC chairman and U.S. Attorney for the Southern District of New York to oversee the nation’s intelligence community. Narrow Senate vote Clayton’s confirmation reflected the deep partisan divide surrounding President Donald Trump’s latest cabinet appointments. The Senate voted 51-47, with Republicans backing…

The companies announced the partnership on Monday under the name K-Stock Global Gateway. It combines Siebert’s U.S. brokerage infrastructure with Kakao Pay Securities’ reach inside South Korea, where the firm holds roughly 9 million stock accounts. Tokenization Takes Aim at the Clock The core problem the partnership targets is time. South Korean and U.S. markets sit on opposite sides of the globe, so a trader in New York cannot buy or sell Korean shares during the Korean trading session. Siebert and Kakao Pay Securities plan to explore tokenizing South Korean equities to work around that gap. A tokenized share can…

Tim Draper Saw Coinbase’s Potential — But Misjudged When Crypto Would Arrive Tim Draper, the veteran venture capitalist behind Draper Associates, says his early Coinbase (Nasdaq: COIN) decision came down to timing rather than conviction in Brian Armstrong, the crypto exchange’s co-founder and CEO. The venture capitalist had already invested in Coinlab, an early Bitcoin company focused on building infrastructure around the emerging cryptocurrency industry, when Armstrong presented Coinbase as a simpler path for consumers to access digital assets. “I loved Brian Armstrong from the moment he walked into my office, but I had already invested in Coinlab, so I…

A fresh wave of Bittensor AI innovations is emerging from the network’s decentralized subnets, and this week’s roundup shows just how far the ecosystem has stretched beyond crypto mining into genomics, drug discovery, market forecasting and enterprise sales. Between July 27 and August 2, 2026, teams building on Bittensor published new research, launched a massive training run spanning three continents, and moved real enterprise workloads through decentralized infrastructure for the first time. Key takeaways Minos co-authored a paper with OpenAI on scientific computing in the age of agentic AI, spotlighting the HelixForge GPU engine as a core case study. HelixForge…