Author: NBTC

Kevin Hassett, a former Coinbase advisor who holds over $1 million in COIN stock, leads the Federal Reserve Chair race with a 56% nomination probability on prediction markets. As Trump’s criticism of Jerome Powell grows, final interviews are underway through Treasury Secretary Scott Bessent. Hassett Emerges as Frontrunner Amid Volatile Prediction Markets Kalshi prediction markets currently give Kevin Hassett a 55% chance of nomination for the role of Federal Reserve Chair. This represents a 15% increase in the last 24 hours, placing him well above Christopher Waller (20%) and Kevin Warsh (15%). Fed Chair Predictions. Source: Kalshi As the former…

The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure. On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported. Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development,…

Robinhood Markets Inc. stock traded higher in recent sessions, closing Thursday at $137.08 per share, up 2.57%, despite Connecticut regulators issuing a cease-and-desist order related to the company’s prediction market operations, according to market data. Summary Robinhood shares rose in early trading despite a cease-and-desist order from Connecticut regulators. The Connecticut Department of Consumer Protection cited Robinhood Derivatives, KalshiEX, and Crypto.com for offering contracts without proper licensing. Robinhood emphasized it is a financial technology company, not a bank, noting that customer deposits are held through a partner bank with FDIC coverage, while the state ordered the platform to halt contracts…

Imagine accessing the same lucrative investment opportunities as major banks, but from your digital wallet. That vision is now a reality. Figure, a leading U.S. blockchain lending platform, has just launched a groundbreaking real-world asset consortium on the Solana blockchain. This ambitious initiative aims to shatter the barriers between traditional finance and decentralized finance (DeFi) for everyone. What is This New Real-World Asset Consortium? This consortium is a powerful alliance of key players in the crypto space. Its core mission is to expand access to over $1 billion in monthly on-chain loans. Previously, such institutional-grade returns were locked away for…

GDP data as scheduled due to a government shutdown, leaving policy makers without timely insights. Summary The initial third-quarter U.S. GDP estimate is delayed, with the BEA giving no clear timeline for release following a government shutdown. The BEA’s second GDP estimate and September personal income/spending report are postponed, with some data now expected by December 5. The delays leave policymakers, investors, and markets without crucial economic growth information, potentially impacting decision-making. The U.S. Bureau of Economic Analysis announced Monday it will not publish the delayed initial estimate of third-quarter gross domestic product, originally scheduled for Oct. 30, due to…

Kraken, the cryptocurrency exchange preparing to go public in the U.S. early next year, has unveiled an invitation-only VIP program tailored to ultra high net worth individuals, sophisticated traders and strategic capital allocators, the company said. Crypto exchanges are looking to fill the gap when it comes to providing high-touch services to wealthy individuals, family offices and private clients. Most recently, Binance, the largest of the crypto trading platforms, introduced a “prestige” offering for clients with a net worth of as much as $10 million. Kraken VIP comprises “elevated client service and extraordinary experiences,” according to a press release. Each…

Axelar unveiled AgentFlux, an open-source framework designed to run AI agents locally while keeping private keys, trading strategies and client data off the cloud — a pitch aimed squarely at institutions exploring onchain finance but wary of privacy risks. Developed by Interop Labs, the team behind the Axelar network, AgentFlux lets financial firms deploy “agentic” automation without sending sensitive information to external infrastructure, the company announced Thursday. The framework tackles one of the biggest frictions in AI-driven crypto operations: tool-calling. Most agents today rely on cloud-based models to decide which blockchain tools to invoke and how to structure transactions, which…

DefiLlama has announced the commencement of tracking Atmos Protocol’s Hybrid Hyper AMM, which has debuted on the Supra Labs chain. This denotes a bullish development for the expansion of the decentralized finance (DeFi) network. As DefiLlama mentioned in its official announcement on X, the integration suggests the use of the cutting-edge AMM model by DEX for the enhancement of liquidity efficiency. With this, Hyper AMM of Atmos Protocol is combining robust liquidity designs to back different asset pools. Now tracking @AtmosProtocol DEX on @SUPRA_Labs Hyper AMM is a hybrid AMM that fuses two models: Balancer-style Weighted AMMs and Curve-style Stable…

In the past five years, multiple factors created a culture of retail investment, spreading to the stock market. The inflow of retail traders got a boost from crypto and the opportunities of prediction markets. Retail investors have increased their share on the stock market. The trend is most notable following the GameStop short squeeze event. In 2021, one professional trader and former CFA Keith Gill drew in a crowd of retail holders, pushing the GME price to a record and creating a precedent on the market. Since then, retail traders have become more bold, increasing their exposure to the stock…

Upbit, South Korea’s largest cryptocurrency exchange, announced that it has removed all old deposit addresses from the system as part of wallet maintenance work. The exchange emphasized that users should always create a new wallet address before making a deposit to avoid losing funds. Upbit announced that deposits and withdrawals will gradually resume following the comprehensive update. According to a statement released by the stock exchange, deposit and withdrawal services will be gradually reactivated across 21 different networks for a total of 33 assets, starting at 5:00 PM on December 5th. During this period, users are advised to check their…