N3XT Launches as Blockchain Bank Contender Amid Crypto Project Competition
Former Signature Bank executives Scott Shay and Jeffrey Wallis have launched N3XT, a Wyoming-chartered blockchain bank marking the first major U.S. banking entry since the 2023 crisis. The institution features instant payments and a cash-backed treasury but abstains from lending—a structural gamble in a sector where crypto-native projects like DeepSnitch AI are gaining traction.
DeepSnitch AI’s presale has surged 70% to $0.02629, raising over $600,000 as it positions itself as an AI-powered shield against crypto scams. Meanwhile, BlockDAG and BlockchainFX vie for attention in a market increasingly prioritizing utility over hype.
The 2026 upside race hinges on execution: N3XT must prove blockchain’s banking viability, while presale projects demand demonstrable tech. ‘Institutional adoption meets decentralized tools,’ observes a fund manager, ‘but only one paradigm will capture the next cycle.’