Author: NBTC

In brief Ireland published its first National Anti-Money Laundering Strategy on Thursday, with crypto-asset rules among the reforms it sets out. The final elements of the EU Transfer of Funds Regulation will bring enhanced checks on transfers involving private crypto wallets and stricter due diligence on overseas crypto firms. The strategy builds on a 30-point action plan published in June that promised enhanced safeguards around crypto-assets and digital finance. Ireland published its first national anti-money laundering strategy on Thursday, including crypto measures targeting wallets held outside regulated firms. Most of the EU Transfer of Funds Regulation has already been implemented…

China has tripled the number of banks participating in its digital yuan network this year, bringing the total to 30 lenders, up from 10 at the beginning of the year. The central bank added eight new lenders, including Ping An Bank, Hengfeng Bank, Bank of Shanghai, and Bank of Hangzhou, this week. The banks have connected to the central e-CNY system but will start offering services only after completing operational and technical preparations. This was the second expansion this year. The People’s Bank of China (PBOC) added 12 institutions in April, increasing the total to 22 before the latest eight…

The U.S.-listed spot bitcoin exchange-traded funds have pulled in $754.69 million in investor funds this week, according to data source SoSoValue. That puts these funds on track for their best week since April. “The clearest shift has come in institutional flows,” Liya Kalchev, Analyst at Nexo, said, explaining the ETF inflows. “Spot Bitcoin ETFs have taken in more than half a billion dollars so far in August, with inflows building through the week and Wednesday alone contributing over $240 million — a sharp reversal from June, when the funds recorded their worst month on record,” Kalchev added. Note that despite…

Paxos-issued $USDG, a dollar-pegged stablecoin regulated by Singaporean authorities, has reached $929.2 million in decentralized finance (DeFi) deposits, according to data cited by Crypto Briefing. The figure represents roughly one-third of $USDG’s circulating supply, which stands at approximately $3 billion. On-Chain Expansion and Regulatory Backing $USDG’s rapid adoption in DeFi protocols underscores a broader trend of regulated stablecoins gaining traction in decentralized applications. Unlike many competitors, $USDG operates under the oversight of the Monetary Authority of Singapore (MAS), providing a compliance framework that appeals to institutional and retail users alike. Paxos, the issuer, has positioned $USDG as a transparent and…

Bernstein cut its price target on Circle Internet Group ) to $140 from $190 Wednesday but kept its Outperform rating, saying the Open USD consortium threat that hammered the stock will fade. Why Bernstein Cut The Target But Kept The Bull Case? Analyst Gautam Chhugani said in the note cited by The Block that Circle’s second quarter came in broadly flat, with $USDC supply ending Q2 at roughly $73 billion, down from $77 billion in Q1. Bernstein slashed its end-of-2026 $USDC supply estimate by 37% to $83 billion and its 2028 figure by 40% to roughly $170 billion, cutting its…

$CASHCAT has been one of the biggest crypto stories of July. After becoming the flagship memecoin on Robinhood Chain, the token generated huge trading volumes and attracted traders looking for early-stage opportunities. As often happens after a major rally, attention is now moving toward presale projects that have yet to reach the public market. Among those attracting discussion are MemeToro ($MT), Bitcoin Hyper, and Remittix, each targeting a different segment of the crypto industry. $CASHCAT’s Rally Has Shifted Attention to Presales $CASHCAT showed how quickly a new blockchain can develop around a single memecoin. Following the launch of Robinhood Chain,…

The Commodity Futures Trading Commission [CFTC] will hold its inaugural Innovation Advisory Committee meeting on the 20th of August. Crypto regulation will sit at the center of the committee’s first agenda. On the 13th of August, CFTC Chairman Michael S. Selig released the meeting’s agenda. The committee will examine crypto regulation’s history and the consequences of overlapping regulatory jurisdiction. Members will also discuss “regulation by enforcement” and barriers to creating a permanent federal crypto market structure. How active has CFTC enforcement been? The CFTC’s 2026 enforcement docket remained active before the meeting. The commission announced four enforcement actions between the…

Stablecoin balances, a key indicator measuring liquidity and investor purchasing power in cryptocurrency markets, have seen a significant decline. According to a published report, the amount of stablecoins held on major centralized cryptocurrency exchanges has fallen by 20 percent to $64 billion from its peak of approximately $80 billion at the end of 2025. The report stated that the decrease in stablecoin balances indicates a weakening of purchasing power lurking in the market. Since stablecoins generally represent capital that investors hold ready to enter the crypto asset market, a decline in these balances suggests a decrease in the potential amount…

As large investor purchases accelerate in the Bitcoin market, the possibility of $BTC surpassing the $70,000 level is also being discussed. According to the latest data, Bitcoin whales have purchased approximately $1.2 billion worth of $BTC since July 29th. The recovery in demand from large investors is partially offsetting some of the recent concerns in the market. According to on-chain data, whales holding between 10 and 10,000 $BTC in their wallets accumulated more than 20,000 $BTC in total during the period in question. It is noteworthy that these purchases were made during a period when the Bitcoin price was fluctuating…

BounceBit, a blockchain platform focused on CeDeFi (centralized-decentralized finance), has introduced Borobudur, a new credit layer designed to provide users with liquidity without requiring them to give up their existing positions. The structure is backed by Franklin Templeton’s tokenized fund, BENJI, alongside other CeDeFi strategy positions, according to a report by Wu Blockchain. Understanding Borobudur and Its Purpose Borobudur is positioned as a credit facility that allows users to secure liquidity in BB, BounceBit’s native token, without paying interest. Instead, the credit is collateralized by users’ holdings in BENJI, a tokenized money market fund issued by Franklin Templeton, and other…