Author: NBTC

Cryptocurrency exchange Binance has released a new version of its monthly “Proof of Reserves” report, which aims to show that user assets are matched one-to-one. The report shares user balances, on-chain wallet assets, and reserve matching ratios for Bitcoin, Ethereum, stablecoins, and many major altcoins. According to the published data, Binance maintains a reserve ratio of over 100% for Bitcoin and altcoins. Particularly noteworthy were the high reserve ratios for $FDUSD, $WLFI, and $CAKE. On the stablecoin side, $USDC had a reserve ratio of 106.66%, while $FDUSD had a ratio of 107.15%. Related News Solana ($SOL) Joins Forces with an…

Europe’s crypto sector is entering its sharpest contraction in years. About 210 firms hold a Markets in Crypto-Assets (MiCA) licence ahead of the July 1 MiCA deadline. That number compares with nearly 2,747 Virtual Asset Service Provider (VASP) registrations counted across the European Union in 2024. The new licensed group represents roughly 7% to 8% of the previous registered universe, according to industry trackers and supervisory data. Authorized Entities by Country. Source: chainscreen.io MiCA Deadline: The Scale of the Cut Industry tracker Coincub estimated 2,747 VASP registrations across Europe in 2024. Poland alone accounted for more than 1,400. ChainScreen placed…

A new liquidity network backed by firms including BlackRock (BLK) and Janus Henderson (JHG) is aiming to make the $15 billion tokenized Treasury fund market function better than their traditional counterparts. Grove, a blockchain-based credit infrastructure specialist, unveiled Thursday a facility designed to provide instant stablecoin liquidity for investors exiting tokenized real-world asset funds. The platform will offer up to $1 billion in committed daily liquidity at launch. The product, dubbed Basin, targets one of the biggest shortcomings in the fast-growing tokenized Treasury market. While blockchain-based funds promise round-the-clock trading and near-instant transfers, many still rely on traditional settlement rails…

Ripple Chief Technology Emeritus Officer David “JoelKatz” Schwartz has admitted to intentionally holding back his true optimism regarding $XRP and the broader digital asset market. Schwartz is hesitant to share his opinions because his enthusiasm could be misconstrued as market manipulation. Known for his candid interactions with the crypto community, the Ripple veteran recently expressed regret over the stifling effect his prominent position has on his ability to speak freely. “It’s kind of sad that I don’t feel comfortable sharing my optimism about $XRP (and even, to some extent, cryptocurrencies generally) because it could be perceived as self-serving or, worse,…

Crypto News Senators Bernie Sanders and Elizabeth Warren are urging the US Department of Labor to scrap a proposed rule that would allow cryptocurrencies into 401(k) retirement plans. In a June 1 letter to Acting Secretary Keith Sonderling, the lawmakers, joined by Representative Bobby Scott, warned that the safe-harbor provision would strip protections from retirement savers and steer them toward volatile assets. They cited Donald Trump’s namesake memecoin, which once hit an all-time high above $73 before collapsing near $2, and pointed to FBI data showing crypto-linked fraud losses topped $11 billion in 2025. The trio also flagged conflicts of…

The numbers put their scale in perspective – The stablecoin market is now worth around $318B-$322B, placing it ahead of the official foreign exchange reserves of many countries. In fact, it is now larger than the reserves of 95 nations. Source: X This growth has been very usage-led. Stablecoins offer a digital dollar-like asset that can move quickly without depending fully on traditional banking rails. This makes them an interesting emerging prospect to many. AMBCrypto previously reported that crypto exchange Coinbase pushed back against concerns around stablecoins being “private money.” They argued that regulations and oversight are what matter. While…

Bitcoin’s digital nature is the source of most of its advantages. Since it is programmable, it unlocks self-custody practices that can make theft and confiscation very difficult. Since it is digital, it can move at the speed of light, allowing movement of value and settlement across the globe in minutes. Nevertheless, Bitcoin has at times been criticized for being hard to grasp, literally. Bitcoin, in its natural state, can not be touched, can not be physically held; it can only be imagined and understood. To many people, that’s a significant barrier and one that has inspired quite a few attempts…

Digital bank Fasset raised $51 million to expand its stablecoin-powered banking platform, the latest sign that fintech firms are increasingly building financial services on blockchain rails instead of traditional payment networks. The Los Angeles-headquartered company said Thursday the Series B round included investors such as Japan’s SBI Group, Investcorp and Turkish asset manager Arz Portföy. The firm did not disclose the valuation the investment happened. The startup operates a banking and payments platform spanning more than 50 corridors across Asia, Africa and the Middle East, using stablecoins to move money across borders faster and at lower cost than traditional banking…

In a significant on-chain move, the deployment address behind the Pudgy Penguins ecosystem transferred 100 million $PENGU tokens to multiple exchanges approximately six hours ago, according to blockchain analytics platform EmberCN. The transaction was part of a larger outflow totaling 137 million $PENGU, valued at roughly $1.5 million at the time of transfer. Details of the Transfer Data from EmberCN indicates that the tokens were sent to several exchanges, with OKX identified as one of the primary recipients. The remaining 37 million $PENGU from the total outflow was directed to other platforms, though specific destinations have not been fully disclosed.…

Decentralized cryptocurrency exchange Aster ($ASTER) has introduced perpetual futures trading pairs for Bitcoin ($BTC) and Ethereum ($ETH), denominated in the U stablecoin from United Stables. The listing is the first to receive approval through Aster’s validator-based voting system, marking a notable step in the exchange’s governance evolution. First Validator-Approved Listing The decision to list the $BTC/U and $ETH/U perpetual futures pairs was not made by a centralized team but through a vote among Aster’s network validators. This approach underscores the exchange’s commitment to decentralized governance, allowing stakeholders to directly influence product offerings. The U stablecoin, issued by United Stables, is…