Author: NBTC

The U.S. Department of the Treasury has taken another big step toward implementing the new stablecoin law, proposing federal definitions on what it means to issue U.S. stablecoins and who needs to follow the rules set out in the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, even as the law’s deadlines are fast approaching. The department is among several government entities and agencies that must put rules in place before the stablecoin industry’s U.S. law is in full effect, also including the banking and markets regulators. Treasury Secretary Scott Bessent said Monday the administration is trying to…

Bitcoin miners have run into a paradoxical crisis – the coin itself is expensive, but making money from mining it has become harder than ever. While $BTC holds in the $60,000–$65,000 range, companies’ revenues from processing transactions have unexpectedly collapsed to 2019 levels. This financial dead end has triggered a massive tectonic shift, and miners are now mothballing farms, selling cryptocurrency reserves and urgently moving into the artificial intelligence industry. This anomaly of summer 2026 was clearly described by Charles Edwards, founder of Capriole Investments. According to his calculations, the annual amount of transaction fees on the Bitcoin network has…

Aave is quietly becoming a bigger destination for tokenized gold, and the numbers are getting harder to ignore. Deposits of Tether Gold (XAUT) on Aave have jumped from about $40 million in early June to $76.7 million, a roughly 91.7% increase. That makes Aave the largest DeFi venue for tokenized physical gold based on the data provided. Aave Turns Tokenized Gold Into Working Capital The interesting part isn’t simply that more gold is sitting on Aave. XAUT can now be used inside lending markets, allowing users to deposit gold-backed tokens as collateral and borrow stablecoins such as USDT or USDC.…

Ethereum [$ETH] was trading at $1,876.89 at press time, following a slight increase over the previous day but a 2.16% decline over the previous week. Meanwhile, Solana was trading at $75.16 at press time, following a slight increase over the previous week and a slight decline over the previous day. These contradictory price movements imply that there is no clear bullish or bearish momentum dominating the cryptocurrency market, which is extremely erratic. In fact, there were no clear indications of bulls or bears on the RSI for either $ETH or $SOL as well. Grayscale paints a concerning picture for $ETH…

Chipmakers Back AI Data Center Boom In a Bernstein research note published Thursday, analyst Gautam Chhugani said the 530 megawatts contracted capacity agreement highlights a broader shift in AI infrastructure financing. Major chipmakers increasingly backing long-term data center leases signed by former Bitcoin miners. Bernstein argues that chipmakers are increasingly using their balance sheets to help secure long-term AI infrastructure, allowing miners with existing power infrastructure to transition into AI hosting businesses. Profitability Outlook Bernstein estimates the partnership will generate around $14 billion in total revenue over 15 years and almost $900 million in average annual revenue. Also, roughly $1.8…

Circle incurred $1.4 billion in distribution costs connected to Coinbase in 2025, up from $924.5 million the year before, according to the company’s own 10-K filing. Those distribution costs equaled roughly 51% of its total 2025 revenue and reserve income. $USDC circulation grew 72% year over year to $75.3 billion in the fourth quarter, and full-year revenue and reserve income climbed 64% to $2.7 billion. Circle retained a 39% margin after distribution and transaction costs, unchanged from 2024 even as growth accelerated. A chart shows Circle’s revenue growing from $1.68 billion to $2.7 billion between 2024 and 2025 while its…

The US Treasury Department proposed new rules Monday detailing how stablecoin issuers and digital asset service providers would comply with key provisions of the $GENIUS Act. The Notice of Proposed Rulemaking focuses on Section 3 of the law, defining when a payment stablecoin is considered issued in the United States and when a platform is considered to offer or sell a stablecoin to someone in the country. The proposal is scheduled for publication in the Federal Register on Aug. 18, with comments accepted for 60 days. Under the proposal, a stablecoin would generally be considered issued in the US if…

The latest expansion in tokenized U.S. T-bills shows that new issuance is increasingly spreading across major blockchain ecosystems. Over the last thirty days, Solana [SOL] added $378.2 million, leading Ethereum’s [$ETH] $272.2 million increase by roughly $106 million. This suggests that Solana has taken the lead over Ethereum [$ETH] as far as adding new treasury value to its users’ accounts. Meanwhile, off-chain holdings expanded by $81.7 million, while $BNB Chain added $49.2 million, extending growth beyond the two leaders. Token Terminal Smaller increases followed on zkSync Era at $6.1 million, while other networks remained below $1 million. Additional treasury products…

Author’s note: In my view BIP110 is both useless and harmful, and I do expect it to fail (see scenario 1). Despite this I tried to write this article as factually as I could, entertaining different possible scenarios, as I do hope it may provide some clarity on this soft fork attempt. The OP_RETURN debate has escalated to the point where Bitcoin Knots implemented BIP110: a consensus protocol change that temporarily limits the size of OP_RETURNs and intends to reduce other types of data on Bitcoin’s blockchain as well.However BIP110 does not have consensus: not everyone agrees there’s a problem…

Aave, one of crypto’s largest lending and borrowing protocols, still hasn’t recovered from the April 18 hack of KelpDAO. Indeed, the value of all crypto assets in its smart contracts is down 43% since the attack, and 67% below its 52-week high. Despite KelpDAO users entrusting $26.4 billion to Aave just prior to the hack — already way down on the October 2025 peak of $45.9 billion — there’s a mere $14.9 billion worth of assets in the ecosystem today. North Korean hackers looted KelpDAO in mid-April, and through its acceptance of KelpDAO tokens as collateral for loans, Aave was…