Author: NBTC

South Africa crypto rules have stalled R2.2 billion in deals South Africa is the second largest crypto asset market in Africa, where stablecoins are increasingly used by companies moving funds between regional operations. Businesses have used stablecoins to repatriate profits and receive dividends from subsidiaries in African markets where access to hard currencies can be limited. Tether’s $USDT has become the preferred stablecoin for such activity in South Africa. Onchain $USDT transactions across 3 of the country’s largest licensed crypto exchanges approached R27 billion in the year through April, according to central bank data. The figure shows the scale of…

Crypto.com is taking significant steps to promote financial freedom by launching an initiative aimed at freeing money from legacy banking systems. This announcement, surfaced by influential commentator @cryptocom, highlights the exchange’s focus on decentralization and innovation. As the crypto market responds to mixed signals, this move could reshape trading dynamics and attract more users. The Latest The broader crypto market is currently navigating mixed signals with varied momentum across major assets. Amid these fluctuations, Crypto.com’s announcement to free money from legacy systems stands out as a proactive measure aimed at enhancing user experience and fostering adoption. This initiative aligns with…

The fellowships put startup support at the center of the arrangement. UCLA Anderson’s Venture Accelerator works with UCLA-linked companies through its entrepreneurship program, giving founders access to advisers and a network of business and alumni contacts. For companies considering blockchain products, the new fellowships add a way to test an idea while taking part in that existing program. Nadia Mannell, the Cardano Foundation’s director for commercialisation and ecosystem growth, said the partnership would let the foundation work with founders through its Academy and Venture Hub as they develop companies on Cardano. She described technical support, ecosystem access and operating guidance…

The Sell-Side Risk Ratio adds on-chain profits and losses and divides the total by realized capitalization. It measures value realization relative to that capital base, indicating potential selling pressure. A ratio below half its earlier level does not mean the volume of Bitcoin sold on exchanges has halved. Infographic shows Bitcoin’s sell-side risk ratio falling from 16 to 7 as long-term holders’ share of realized profit dropped from 88% to 47%. Glassnode separately reports that the realized-profit spike on Sept. 3 was less than half the size of August’s spike. That compares profit spikes, distinct from the seven-day risk measure.…

Undisclosed terms and leadership change Julian and Paul Zehetmayr, the brothers who ran LimeWire for the past five years, are exiting the platform they rebuilt. $BabyDoge will now supply infrastructure and community support as Czupor takes LimeWire into what the company calls its next phase. Czupor described $BabyDoge’s role not as a typical corporate parent, but as a “DAO-style backer” of LimeWire’s continued independence online — a framing that suggests $BabyDoge intends to fund and support the platform rather than absorb it entirely into its own branding. The scale involved is notable. LimeWire currently serves roughly 8 million users each…

The requirement was included in the Senate’s final draft, released September 14, after lawmakers added more than 100 changes Democrats requested. Lummis and other Republican senators said those changes came from bipartisan negotiations. What the $25M Audit Rule Would Have Done The rule would not have applied to every cryptocurrency or token. It would have focused on certain token issuers whose tokens still depended on the company or people behind them. Issuers raising more than $25 million would have had to provide the SEC with audited financial statements. Issuers raising less than $25 million would have faced a lighter requirement:…

I think what $HYPE is doing with Kraken in the US is slightly different. The liquidity can’t simply be commingled with the broader permissionless Hyperliquid market. That probably means a way worse product. Think Binance vs. Binance US. Worth noting that in August, Valente had recommended that Hyperliquid pause buybacks and buy out the Gemini exchange for its U.S. expansion. The U.S. users would be ring-fenced, just similar to Kraken’s plan. However, he was right on the spot trading aspect of Hyperliquid. HyperCore has both perp and spot order books. But spot is basically nonexistent on Hyperliquid. You can become…

Market Snapshot The broader crypto market currently reflects mixed signals, with varying momentum across significant assets. However, Solana’s focus on innovative projects such as tokenized magazines and AI stocks positions it as a leader in blockchain advancements. This trend could attract further investment and interest in Solana’s capabilities, enhancing its overall market standing and community engagement. Solana’s blockchain serves as a foundation for a variety of digital solutions, including decentralized finance and collectibles. Its jurisdiction in this rapidly evolving market allows it to adapt to and lead the digital asset landscape, particularly through innovative projects that leverage its technology. The…

Bitcoin hodlers are “selling less” in September, Glassnode says In the latest edition of Glassnode’s The Week Onchain newsletter, the crypto analytics platform said Bitcoin’s sell-side risk ratio (SSRR) had reset lower. Sell-side risk sums total onchain realized profits and losses and divides that figure by Bitcoin’s realized market cap. The result is a snapshot of the US dollar value realized over a given period relative to realized cap. Glassnode describes lower values as signals of “macro market bottoms, accumulation phases and relatively low sell-side risk environments.” SSRR reached 16 as Bitcoin’s price hit multimonth highs above $80,000 in late…

Source: DefiLlama Will the new supply trigger selling? Following the issuance of these tokens, there has been an unprecedented spike in the circulating market cap across the network. In fact, in the last 24 hours alone, Canton’s total circulating market cap spiked by more than $100 million. Source: Santiment The influx in supply may create some short-term pressure, especially if reward receivers decide to sell off some of their shares. However, it is worth noting that a big unlocking event does not necessarily mean selling. Especially when the tokens are unlocked to various network stakeholders and not straight out to…