Author: NBTC

Ripple has burned $120 million worth of the Ripple stablecoin, $RLUSD, in a pattern that has remained consistent every end of the month. Vet, a well-known XRPL validator, called attention to this event, which marked the second-largest intraday net $RLUSD burn in history. According to him, what typically follows is an equally large liquidity mint at the start of the following month. Key Points Ripple recently burned $120 million worth of its stablecoin, $RLUSD, at the end of April 2026. This marked the second-largest intraday net $RLUSD burn event in history. The latest burn occurred on the $XRP Ledger, involving…

The use of stablecoins in official U.S. financial documentation has reached an unprecedented level. According to a recent report by Unfolded, mentions of stablecoins in U.S. Securities and Exchange Commission (SEC) filings and corporate investor presentations hit an all-time high of approximately 1,000 in the first quarter of this year. What the Data Shows The surge in mentions reflects a broader trend of traditional financial institutions and publicly traded companies increasingly engaging with stablecoin-related products and services. The figure represents a significant jump from previous quarters, signaling that stablecoins are no longer a niche crypto asset but a growing component…

Aster DEX has rolled out a groundbreaking on-chain perpetual contracts service, enabling traders to explore opportunities with up to 5x leverage on Samsung and SK Hynix, two titans of South Korea’s tech industry. This initiative bridges conventional stock markets and decentralized finance (DeFi), thereby broadening accessibility for users keen on venturing into digital assets anchored in traditional equities. How Do Traditional Stocks Embrace Blockchain? The launch allows investors to engage with the price actions of Samsung and SK Hynix without disconnecting from the blockchain ecosystem. Aster DEX, recognized for decentralized derivatives, aims to integrate traditional market dynamics with innovative digital…

Bitcoin is retesting a key support area as the weekly bull market support band and the 4-hour Fibonacci pullback point to the same pressure zone. The latest charts show $BTC must hold above the $74,917–$76,000 area to avoid turning the recent rebound into a failed breakout. Bitcoin Retests Bull Market Support Band as $75K–$76K Becomes Key Bitcoin is retesting the bull market support band on the weekly chart, with price sitting near the same area that now separates a breakout attempt from a failed move. The chart shared by Daan Crypto Trades shows $BTC trading around $78,388 after pulling back…

Bank of America has revised its expectations regarding the Federal Reserve’s interest rate reduction process. According to the bank’s latest forecast, no further rate cuts are expected this year due to high inflation and a strong employment outlook. The institution also predicted that rate cuts could be postponed until the second half of 2027. The bank had previously predicted that the Fed would make two interest rate cuts this year, in September and October, based on the expectation that US President Donald Trump would nominate Kevin Warsh to replace Jerome Powell as Fed Chairman and that Warsh would support looser…

David Gokhshtein, founder of Gokhshtein Media, has renewed attention on Midnight’s role within Cardano, arguing that many people are underestimating the project. In a recent post, Gokhshtein stressed that the $NIGHT token is not competing with Cardano’s core infrastructure. Instead, it is opening new growth paths for the ecosystem. He noted that Midnight “adds more to Cardano’s ecosystem than people realize,” emphasizing that it introduces an additional lane for innovation rather than taking value away. Key Points According to Gokhshtein, Midnight’s $NIGHT token adds new growth paths to Cardano without competing with its core infrastructure. Leaders say Midnight’s multi-chain vision…

Stand With Crypto UK is urging its 286,000 members to challenge British banks restricting transfers to cryptocurrency exchanges, arguing that blanket limits on transactions to regulated platforms are restricting access to digital assets. The new campaign cites a report from the UK Cryptoassets Business Council that found 40% of crypto transactions are blocked or restricted by UK banks. The group argues that many of the restrictions apply to transfers involving exchanges registered with the country’s Financial Conduct Authority and do not account for individual customer risk profiles. According to the report, one exchange recorded nearly 1 billion British pounds in…

The White House says it has achieved a legal and custody “breakthrough” for the US Strategic Bitcoin Reserve, finally giving Washington a compliant way to safeguard billions in seized $BTC. The White House has confirmed a major operational breakthrough for the U.S. Strategic Bitcoin Reserve, with an announcement expected in the coming weeks. Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, revealed during an interview at Consensus 2026 that the administration has successfully established the legal compliance and asset custody structure required to protect government-held crypto assets. “We’ll have an announcement…It’s a breakthrough as far…

Ripple ($XRP), one of the most followed altcoins in the cryptocurrency market, continues to experience remarkable growth in exchange-traded funds (ETFs). According to the latest data, the total assets under management (AUM) of $XRP-focused ETFs has reached $1.18 billion, while the amount of $XRP held in ETF vaults has risen to 847.88 million. This figure represents approximately 0.8479% of the total 100 billion $XRP supply. According to Week 19 data (May 4 – May 8, 2026), a total of 24.25 million $XRP flowed into $XRP ETFs, while outflows were only 90.9 thousand $XRP. Thus, the net weekly inflow was recorded…

$TON cryptocurrency gained some traction early Friday morning following a drop in the underlying blockchain’s transaction fee. A Pavel Durov Parody account on X highlighted the development, suggesting that lower fees would increase $TON’s adoption potential and boost the cryptocurrency’s chance of going mainstream. Fees on $TON Blockchain just dropped again.• Send $TON (fee): 0.000388 $TON• Send $USDT (fee): 0.00104 $TONLower fees = bigger adoption.$TON going mainstream. — Pavel Durov (Parody) (@DurovPD) May 1, 2026 $TON’s Price is in Accumulation While network transaction fees reduced on the $TON blockchain, the cryptocurrency price remained in accumulation, with early signals of a…