Author: NBTC

The U.S. Senate’s version of the CLARITY Act has hit another roadblock. According to new report, the updated draft expected this week still does not have broad support from Senate Democrats. Therefore, negotiations remain active before lawmakers can schedule a floor vote. The disagreement comes even as the crypto industry continues pushing for the bill. It is widely viewed as one of the biggest efforts to establish clear rules for digital assets in the United States. Democrats Want More Safeguards At a Capitol Hill press conference, Senators Chris Murphy, Jeff Merkley, Chris Van Hollen, and Elizabeth Warren argued that passing…

Venezuela’s $USDT market is handling volumes that now rival one of the country’s largest sources of foreign currency. Ecoanalítica estimated that 1.389 billion $USDT changed hands on Binance’s peer-to-peer market between June 11 and July 13, equal to about 44 million $USDT per day. The research firm estimated that the volume represented about 75% of Venezuela’s monthly oil export value. However, a separate calculation using June crude exports and the average price of Merey crude places the ratio closer to 52%, showing that the comparison depends on the method and reference period used. Binance P2P becomes a major foreign-currency channel…

Progmat has completed the migration of its security-token platform from Corda 5 to a dedicated Avalanche Layer 1. The company said every active project on the platform moved to the new network. Those projects represent more than ¥452 billion in underlying assets and issued securities. The migration makes the platform’s security tokens compatible with the Ethereum Virtual Machine, or EVM. Progmat describes itself as Japan’s leading security-token platform by domestic market share. The company carried out the work under Project Keystone. Progmat redesigned the system so its business functions no longer depend on one blockchain. It added a mediator layer…

Bitcoin advocates argue that its role in geopolitics is becoming harder to ignore, with self-custody increasingly appealing to individuals and institutions alike. Bitcoin Is Neutral Technology Speaking at $BTC Prague on July 6, author Natalie Brunell said Bitcoin is a neutral technology available to sovereign nations and individuals alike due to its “permissionless nature.” Panelists discussed reports of Bitcoin use by countries such as Iran and Venezuela, arguing that such activity reflects Bitcoin’s core design rather than a reputational flaw. Tony Yazbeck, co-founder of The Bitcoin Way, highlighted that Bitcoin changes the rules of global money by removing the ability…

Attorney and $XRP enthusiast Bill Morgan reveals what he thinks is $XRP’s biggest strength: its escrow. Morgan says users only need to understand its escrow to know why $XRP will continue to be a successful asset, with all other amendments and capabilities just adding more value. He added that the escrow set up by Ripple on the $XRP Ledger is a great example of how it was used to stabilize the price and reassure the market that Ripple would act responsibly in distributing its vast holdings of $XRP. According to XRPScan, 32,444,984,760 $XRP is currently in escrow, with 67,526,296,210 $XRP…

HMRC Defers Capital Gains Tax on Crypto Liquidity Pools Under New 2027 Framework The U.K. is set to ease the tax treatment of some decentralized finance activity, giving crypto users a clearer framework for lending and liquidity pool transactions. HM Revenue & Customs said certain disposals involving cryptoasset loans and automated market-making liquidity pools will be treated on a “no gain, no loss” basis from April 6, 2027. The change means Capital Gains Tax will generally be deferred until a user makes an economic disposal of the underlying cryptoasset. The measure applies to individuals and trustees and will amend the…

Uniswap’s founder, Hayden Adams, has shared that the company collects roughly $5.2 million in fees per day. Data from DefiLlama backs the figure at $5.16 million over the past 24 hours. The surge is largely thanks to Robinhood’s two-week-old blockchain, which now accounts for most of that fee flow. Meanwhile, a key governance vote is underway that could extend $UNI token burns to v4 pools. Why is Robinhood Chain so important for Uniswap? Uniswap’s CEO, Hayden Adams, has revealed through a post on X that it is raking in over $5 million in fees every day, with Robinhood’s new blockchain,…

Bitcoin recovered quickly after falling below $62,000 following Strategy’s sale of 3,588 $BTC. Bitwise CEO Hunter Horsley believes Bitcoin remains positioned for further gains as the market absorbs recent volatility. Strategy strengthened its financial position with $2.55 billion in USD reserves after its latest Bitcoin transaction. Bitcoin has shown strong resilience after a sharp market decline triggered by news that Strategy, the company led by Michael Saylor, sold part of its Bitcoin holdings. The cryptocurrency briefly dropped below $62,000 after the firm disclosed the sale of 3,588 $BTC valued at approximately $216 million. Bitcoin wants to be higher — Hunter…

Meta shares jumped more than 10% Wednesday after reports that the company is developing a cloud infrastructure business that would sell access to artificial intelligence models and computing power. The stock traded near $623 at press time, marking its largest intraday gain since April. The proposed business would put Meta in more direct competition with Amazon Web Services, Microsoft Azure and Google Cloud, which already generate billions of dollars by renting computing infrastructure and software to outside customers. One plan under consideration would allow developers to access AI models hosted on Meta infrastructure, including the company’s Muse Spark models. Meta…

Shiba Inu is back in demand following the broader crypto market resurgence that has sparked renewed interest among investors across the space. While Shiba Inu has also mimicked the bullish trend, its exchange activity has seen a dramatic surge over the last 24 hours as traders appear to be actively buying the asset. 62 Million $SHIB in demand Per data provided by crypto analytics platform CryptoQuant, the Shiba Inu exchange netflow has surged by more than 37% over the last 24 hours. The surge represents larger participation in buying activities across exchanges that support the asset, over transactions with potential…