Author: NBTC

A senior official is indicating that critical progress is being made on the Digital Asset Market Clarity Act (H.R. 3633), a major piece of U.S. legislation aimed at establishing a comprehensive regulatory framework for digital assets. Patrick Witt recently took to the X social media platform to share an optimistic yet urgent update on the bill’s status behind closed doors. “Big week ahead for Clarity,” Witt stated. “The work has continued in earnest behind the scenes since the Banking markup. The issue set has narrowed, and good faith offers are being put forward to close the gap. But time is…

Euroclear, the world’s largest International Central Securities Depository (ICSD), is moving to tokenize the NEU CP market — Europe’s largest market for short-term commercial paper — using distributed ledger technology (DLT). The initiative is being developed in partnership with the Banque de France, the country’s central bank, marking a significant step in the institutional adoption of blockchain-based financial infrastructure. Tokenization moves from experiment to infrastructure In an interview with Cointelegraph, Jørgen Ouaknine, head of digital assets at Euroclear, stated that the company no longer distinguishes between decentralized finance (DeFi) and traditional finance (TradFi) in its strategy. He emphasized that while…

Sell in May and go away is a popular saying in the financial markets, and renowned analyst Merlijn The Trader outlined a historical pattern that could be even more painful for $BTC now. His targets are quite worrying, with the worst-case scenario predicting a massive plunge to $33,000. Another 60% Decline Soon? Following bitcoin’s rejection at $82,000 earlier this week and the subsequent correction to a 15-day low of $78,000, the bearish sentiment in Crypto X skyrocketed, with several analysts outlining different scenarios in which $BTC could crash further. The latest to hop on the bear bandwagon was Merlijn The…

Abracadabra’s MIM stablecoin took a major reputation and valuation hit today June 12 as it fell as low as $0.87 across multiple chains. The dollar-pegged token’s slide adds to a growing list of algorithmic dollar tokens that have failed to hold their $1 target when liquidity dried up. The depeg on Arbitrum was flagged by blockchain security firm Blockaid. MIM was reportedly trading between $0.91 and $0.92 on executable routes. Blockaid attributed the price drop to thin and imbalanced liquidity in Arbitrum pools. The pricing onchain is not looking good either, as MIM was changing hands at $0.871 to $0.874…

Ethereum price started a downside correction below $1,665. $ETH must clear the $1,650 and $1,720 resistance levels to continue higher. Ethereum started a downside correction below the $1,650 zone. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $1,640 on the hourly chart of $ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,720 zone. Ethereum Price Holds Support Ethereum price failed to stay above the $1,680 zone and extended its decline, like Bitcoin. $ETH price gained pace for a…

More cryptocurrency firms are moving closer to the heart of the U.S. banking system, with a growing number of applications for federal trust bank charters. ​ More than a dozen crypto and fintech companies have either applied for or secured conditional national trust bank charters from the U.S. Office of the Comptroller of the Currency (OCC), according to American Banker and FinTech Weekly. ​ Coinbase, Ripple, Circle, and BitGo are the most notable, alongside Morgan Stanley and Fidelity Digital Assets. ​ Just in the news on Friday, Kraken’s parent firm, Payward, has joined the list. The company announced it has…

In a significant development for the cryptocurrency investment landscape, the Grayscale Zcash ETF average daily volume has doubled since February, reaching approximately $1.7 million in April. This surge, reported by The Block, marks a notable recovery in trading activity for the $ZEC spot ETF, even as volumes remain below the peaks seen in late 2023. The increase underscores a growing investor appetite for privacy-focused digital assets and the expanding role of regulated investment vehicles in the crypto market. Grayscale Zcash ETF Volume Surge: A Detailed Breakdown The Grayscale Zcash ETF average daily volume in April hit $1.7 million, more than…

U.S. Senator Elizabeth Warren pressed the CFTC over whether it can effectively police fast-growing crypto and prediction markets. Her letter cited staffing cuts, declining enforcement, and potential industry and political influence as risks to investors. Key Takeaways: Senator Warren questioned whether the CFTC can oversee crypto and prediction markets with fewer staff. Prediction markets face growing scrutiny as federal and state regulators clash over event contracts. Congress may expand CFTC authority while Warren seeks records on industry contacts and enforcement decisions. Crypto Oversight in the Spotlight After Warren Questions Federal Regulation U.S. Senator Elizabeth Warren on June 8 announced an…

Decentralized satellite internet project SpaceCoin (SPACE) has initiated a proof of concept (PoC) with South African ICT firm BCX, a subsidiary of telecommunications group Telkom SA. The announcement, made on June 11, confirms that the collaboration aims to test satellite-based Internet of Things (IoT) connectivity and has received approval from South Africa’s communications regulator, ICASA. Partnership structure and regulatory approval Under the agreement, SpaceCoin will supply satellite and terrestrial communication technology, hardware, and technical integration support. BCX will handle local regulatory approvals, consult with authorities, manage equipment and test sites, and operate on-site testing. The involvement of ICASA indicates that…

Bitcoin is trading near the $78,000 level after a volatile week in the crypto market. The latest market data shows $BTC holding a market cap of around $1.56 trillion, while daily momentum remains weak and technical ratings still lean cautious. However, a new macro signal is now getting attention: Fed liquidity may be turning supportive again. For Bitcoin traders, this matters because liquidity has often played a major role in previous crypto cycles. When financial conditions tighten, risk assets usually struggle. When liquidity improves, Bitcoin and other crypto assets often become more attractive again, especially if investors start looking for…