Author: NBTC

“There will never be lab grown $BTC,” he added. His comments came in response to a surprising announcement from San Francisco-based startup Marathon Fusion, which claims to have achieved a breakthrough in transforming mercury into real gold. Scientists make progress toward artificial gold On October 21, Marathon Fusion announced that it had successfully demonstrated what it described as high-rate alchemy. “Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10,” the company stated. The startup also claimed to have developed a powerful plasma centrifuge capable of enriching isotopes, outperforming a…

The Numbers Currently, BitGo’s 24-hour trading volume is absent, reflecting the early stage of this shift in institutional finance. This context of low trading activity could suggest that market participants are still assessing the implications of BitGo’s developments. Nonetheless, as more firms seek to integrate digital assets, trading volumes may rise, reflecting growing market interest in these innovations. BitGo operates as a regulated qualified custodian for digital assets, providing secure storage and management for institutional clients. Its jurisdiction is established as it complies with financial regulations, ensuring that firms can trust BitGo in handling their digital assets responsibly. What to…

Market Snapshot Currently, Pendle’s overall trading volume remains absent, reflecting a nascent phase for PAXGy. However, the interest in gold-backed digital assets could alter this landscape, encouraging user engagement and trading activity in the coming days. The market remains mixed, but the potential for PAXGy to provide stable investment returns is noteworthy. Pendle is a decentralized finance platform focusing on innovative yield-generating strategies. By incorporating assets like PAXGy, Pendle positions itself within the growing segment of RWAs, appealing to both retail and institutional investors. The collaboration with Paxos Labs signifies a move toward integrating traditional asset stability within the crypto…

What’s the difference between English and Chinese law on seized crypto? The victims in the Qian Zhimin fraud case have shone a light on the distinction between how English and Chinese law handle claims to seized cryptocurrencies. Under English law, the claimants can claim rights to the Bitcoin itself, which would include all the dollar gains the tokens have made through the years. However, Chinese law caps the dollar value of the funds they can recover closer to the principal and interest they originally put in. In this case, that gap amounts to billions of dollars, which could either end…

The swaps track perpetual futures listed by Trade.xyz, a platform for stock and commodity contracts on Hyperliquid, a crypto derivatives exchange. Perpetuals have no expiry date and trade around the clock, letting a fund take a position on gold on Sunday while conventional markets are closed. Clients deal with Ripple Prime, which manages their collateral and risk across positions, and can use Ripple’s dollar-pegged RLUSD stablecoin to back their trades. Ripple had already connected its brokerage to Hyperliquid in February. But a fund looking to trade millions of dollars still needs someone willing to take the other side at an…

The agreement comes as South Korea develops rules for won-backed stablecoins under its proposed Digital Asset Basic Act, which the government aims to finalize by the end of 2026. In the meantime, the country’s five largest crypto exchanges recorded net stablecoin outflows for 18 consecutive months through June, according to industry data cited by Cointelegraph. Injective is a layer-1 blockchain that has increasingly focused on tokenized assets. In August, its institutional services arm registered with the US Securities and Exchange Commission as a transfer agent, allowing it to maintain ownership records and facilitate securities transfers. Injective’s native token has a…

Tesla capex underspend raises questions Data from TradingView showed $BTC/USD retracing around Wednesday’s daily close, subsequently returning below $82,000. The pair gave back the entirety of the gains made on that day, when price peaked at around $84,840 on Bitstamp. $BTC/USD one-hour chart. Source: Cointelegraph/TradingView Higher-than-expected US corporate earnings had helped spark a rally in both crypto and stock markets. However, results from Tesla after the Wall Street closing bell did not provide the same promising signals as seen from SpaceX and General Motors earlier in the week. The company reported Q3 revenue of $28.05 billion, just short of Bloomberg’s…

A merger would bring Tesla into the same corporate group as Grok developer SpaceXAI (formerly xAI) and social media platform X, which SpaceX acquired in February. The talks also come as SpaceX’s AI business became its largest revenue segment in Q3, underscoring how central artificial intelligence has become to Musk’s expanding technology empire. “There’s a lot to be gained from cooperating on developing superintelligence software, chip design, the Terafab, obviously, robotics, mass to orbit with the Starmind constellation. Connectivity,” said Musk. However, Musk tempered expectations of whether a merger will ultimately come through. “Some people out there assume that a…

“We are for this proposal. The SEC clearly has the authority to do it,” Alderoty wrote. He also voiced concerns about the ‘case-by-case’ approach of ‘coin-by-coin’ enforcement that the regulator had used for so long. Ripple, therefore, says there is a need for a clear set of rules to provide legal clarity to the industry. The SEC proposed regulation In August, the U.S. regulator revealed its proposal to introduce two exemptions to the usual securities registration rules. The first exemption would be applicable to qualifying cryptocurrency projects to raise up to $5 million over a four-year period. Meanwhile, the second…

What the Data Shows As of now, significant market numbers remain static, with no notable trading volume reported. The current price remains at $0, indicating a lack of trading activity in Pyth Network and associated derivatives markets. This stagnation, however, does not diminish the potential impact that regulatory actions could have on future market dynamics. The call for AI compute integration reflects a broader trend in the cryptocurrency sector, where technological advancements are increasingly shaping market structures. Pyth Network specializes in providing high-fidelity market data for various financial instruments, including cryptocurrencies and derivatives. The CFTC oversees derivatives markets in the…