Author: NBTC

Amid the growing popularity of stablecoins, India is increasingly exploring the launch of a rupee-backed cryptocurrency despite the government’s cautious stance. With this move, the country intends to bring the local currency further into the digital ecosystem. If an INR stablecoin is introduced, it could help the country make faster and easier cross-border payments without relying on foreign stablecoins. But the question now is different. Could an INR stablecoin make it easier for Indian users to access dollar-backed stablecoins such as $USDT and $USDC? This question has come into focus following a recent discussion by the International Monetary Fund (IMF).…

An anonymous cryptocurrency whale has made a substantial move in the decentralized exchange (DEX) ecosystem, staking 2.93 million $HYPE tokens on the Hyperliquid platform. According to data from blockchain analytics firm Lookonchain, the staked tokens are currently valued at approximately $172 million. Whale Accumulation and Staking Strategy Lookonchain’s analysis suggests the whale accumulated the $HYPE holdings roughly nine months ago, with an estimated average purchase price of $44 per token. At current market prices, this position has generated an unrealized gain exceeding $44.5 million. The decision to stake such a large amount signals a long-term bullish outlook on the Hyperliquid…

Bitcoin is approaching a deadline that could turn one of its longest-running arguments into the network’s most serious governance fight in years. At the center of the dispute is Bitcoin Improvement Proposal 110 (BIP-110), a proposed change that would restrict the amount of non-financial data that can be included in Bitcoin transactions. With the network currently less than 10,000 blocks away from a mandatory activation window around block 961,632, the debate has escalated from a technical disagreement over network “spam” into a high-stakes standoff. BIP-110 supporters argue the restriction is essential to preserve Bitcoin’s primary utility as a monetary settlement…

Buying the dip in SpaceX (NASDAQ: SPCX) on the day Elon Musk lost his trillionaire status has yet to pay off, with the stock still trading below its June 23 level despite a recent rally. Based on SpaceX’s August 7 closing price of $133.11, the investment would have declined by about 15% from the June 23 reference price of roughly $156, bringing its total value to approximately $852. Notably, shares surged 15.83% in the latest trading session, marking their strongest single-day gain since the weeks following the IPO. The rally added more than $300 billion in market value and lifted…

All REP holders must migrate their tokens by August 1, 2026, to remain part of the active Augur ecosystem Augur, one of Ethereum’s earliest decentralized prediction-market and oracle projects, today announced that the second and final phase of its Moon Fork is entering its final days, with the two-month migration window for all holders of its REP token closing on August 1. REP holders must migrate their tokens 1:1 into an outcome-specific version of REP by August 1, 2026. Migration is one-way and irreversible. Tokens that remain in the legacy Augur universe after the window closes will no longer be…

The parallel is not that tokenized assets are the next subprime; it is that a shock travels through shared plumbing whether or not you touched what broke. The wiring is no different now: stablecoins alone hold well over $100 billion dollars in Treasury bills, and if a large stablecoin breaks and is forced to sell, the shock lands in the funding markets a traditional desk relies on every morning. Federal Reserve staff have flagged the risk; it nearly happened in 2023, when a Circle’s USDC briefly lost its peg because its reserves sat in a failing bank. International bodies like…

Swift Brings Faster Transfers to Major US Banks Swift announced Aug. 5 that Bank of America and J.P. Morgan have gone live with its new international retail transfer initiative, adding two major US banks to a framework designed to improve cross-border payments. The initiative allows consumers and businesses to see costs before sending money, receive the full amount transferred, and access faster delivery where local banking systems support it. The new framework allows senders to view fees and exchange rates before confirming transactions, while recipients can receive the full amount sent without unexpected deductions. In supported markets, transfers can arrive…

Glassnode’s latest Week On-chain report says Bitcoin has entered a deep discount phase, with over 95% of short-term holders underwater and realized losses approaching levels associated with severe capitulation. The report also notes that a durable Bitcoin recovery is likely to require either the dollar index breaking below 99 or the 10-year Treasury yield compressing toward 4.2%. DXY sits at 100.01, up 2.1% over 30 days, and 10-year yields are at 4.53%. That frames Bitcoin $60,000 support as a macro-dependent level whose durability hinges on DXY and Treasury yields.Leverage has been flushed, valuation metrics are deeply discounted, and the dollar-yield…

Onchain analytics firm Onchain Lens has identified a cluster of eight cryptocurrency addresses that collectively staked 1.49 million $HYPE tokens, valued at approximately $88.2 million. The addresses, believed to be controlled by a single entity—either an individual whale or an institution—withdrew the tokens from the exchange Bybit before initiating the staking operation. Pattern Suggests Coordinated Strategy The movement was first flagged on social media platform X by Onchain Lens, which noted that all eight addresses exhibited identical behavior: each withdrew $HYPE from Bybit before staking. This pattern strongly suggests a coordinated strategy rather than independent actions by separate holders. Interestingly,…

While acknowledging bipartisan support exists for the legislation, Rafique said party politics are likely to outweigh the industry’s push for regulatory clarity. He dismissed Democratic concerns over ethics provisions as inconsistent, arguing lawmakers should instead adopt broader restrictions on public officials participating in financial markets. Despite his skepticism, Rafique described the Clarity Act as critical to the future of the U.S. digital asset industry. He said clear federal rules would help retain entrepreneurs, investment and intellectual property that are increasingly being built overseas. “Without clarity, entrepreneurs will continue to stay offshore,” Rafique said, pointing to companies such as Hyperliquid and…