Author: NBTC
Key Takeaways Robinhood is launching its Hood Holidays countdown event, offering $500,000 worth of Dogecoin (DOGE) to participating users. Beyond DOGE, the campaign includes high-value items like Rolex watches and Apple AirPods. Robinhood, the commission-free trading platform, is giving away $500,000 worth of Dogecoin (DOGE) to users who take part in its Hood Holidays countdown event, which just kicked off tonight. Apart from DOGE, a meme-inspired token that has grown into one of the most widely recognized digital assets traded, the team also offers prizes such as Rolex watches and Apple AirPods as part of the festive campaign. However, on…
Swedish crypto asset management company Virtune announced the launch of the Stablecoin Index ETP on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra. Summary Swedish-regulated asset manager Virtune has launched Europe’s first stablecoin-focused exchange-traded product, the Virtune Stablecoin Index ETP. Backed by crypto assets held with Coinbase and listed across major European exchanges, the ETP reflects the growing institutional and retail interest in stablecoins, which are increasingly being adopted by banks and financial institutions across Europe. On Nov. 5, the Swedish-regulated crypto asset manager unveiled its stablecoin index exchange-traded product in European exchanges. Launched under the Bloomberg ticker STABLE, the…
Bit.com has initiated a three-step shutdown of its operations set to run from December 27 to March 31, 2026. Bit.com has advised its users to migrate their assets through the provided options, such as direct withdrawals and migration to its partner platform Matrixport, before it shuts down by the end of March. Bit.com’s plan for a gradual shutdown The cryptocurrency exchange Bit.com announced through its social media channels on December 27 that it will wind down its operations through a business restructuring. Consequently, it launched a “User Asset Migration Plan” to help customers withdraw or transfer their holdings. The exchange…
Kazakhstan’s monetary authority is planning to convert some of the nation’s existing reserves into crypto assets, one of its top managers has indicated. Addressing lawmakers, the high-ranking executive added that state-owned enterprises could also contribute to the country’s new cryptocurrency reserve. Kazakhstan’s central bank intends to buy crypto Deputy Chairman of the National Bank of Kazakhstan (NBK) Berik Sholpankulov revealed the regulator may invest money from a government-controlled fund and part of the country’s gold and foreign exchange reserves in crypto. The banker made the announcement at the Majilis, the lower house of Kazakhstan’s parliament, where he was answering questions…
The Flow blockchain, linked to NFT projects like NBA Top Shot announced it is looking into a potential security incident affecting the network. The potential breach raised concerns about the network’s security. Its native token FLOW, has been immediately rocked as fear, uncertainty and doubt (FUD) have overtaken the project’s traders. Why is Flow token down? The announcement of the ongoing investigation was made because the Flow Foundation became aware of a potential security incident. The engineering team is hard at work with network partners to establish effective response strategies. The exact nature and extent of changes within the Flow…
Zohran Mamdani’s victory over Andrew Cuomo to become New York City’s 111th mayor came at the expense of one trader who lost about $1 million in one of the largest betting events in Polymarket’s history. According to data from Polymarket Analytics, the race between Mamdani, Cuomo, Curtis Sliwa, and Jim Walden generated more than $424 million in total trading volume on the decentralized prediction market platform. Polymarket user loses $958,000 betting against Mamdani One pseudonymous Polymarket user using the handle “fuxfux007” recorded a $958,423 loss after betting against Mamdani’s victory. The trader’s account seems new as they had only made…
India teams up with Polygon and Anq to launch its first sovereign-backed digital token, fully backed by Indian Government Securities. The new INR-linked ARC token aims to modernize India’s digital finance system while keeping liquidity and innovation within the domestic economy. India is preparing to take a major step in digital finance with the development of its first sovereign-backed digital token. Polygon has partnered with fintech firm Anq to build a government-backed digital instrument that could redefine how digital money functions in the country. Unlike private stablecoins tied to the U.S. dollar or controlled by corporations, this project is directly…
The U.S. Supreme Court will hear oral arguments today in the historic case over the legality of sweeping tariffs that President Donald Trump has dubbed “Liberation Day.” The case could fundamentally alter the Trump administration’s most prominent economic policy, have multi-million dollar consequences for businesses and foreign countries, and further expand Trump’s executive powers. The justices will hear two separate cases involving the “Independence Day” tariffs Trump imposed on nearly all foreign countries and additional tariffs on goods imported from Canada, Mexico and China. Trump imposed these tariffs under the International Emergency Economic Powers Act (IEEPA), which gives presidents the…
In a strategic move that’s capturing investor attention, Solana Company has just approved a massive $100 million share buyback program. This Nasdaq-listed firm, known for its significant SOL cryptocurrency investments, is making waves in the financial world with this bold decision. But what does this Solana share buyback really mean for investors and the broader digital asset market? Why This Solana Share Buyback Matters Now The timing of this Solana share buyback couldn’t be more significant. Companies holding digital assets are increasingly turning to share repurchases as a strategic tool. This approach helps address the common challenge of trading at…
Welcome to the institutional newsletter, Crypto Long & Short. This week: Sygnum Bank’s Pascal Eberle writes that investors are recognizing that custody is less about holding assets and more about proving you’re holding them correctly. CoinDesk Indices’ Andy Baehr provides a “Vibe Check,” writing about how on the heels of NYC election day, among other political activity, the crypto market is awaiting a new leader to spark its next rally. In “Chart of the Week,” we examine the ETH price relative to average DeFi pool yields and BTC/ETH funding rates. -Alexandra Levis Expert Insights Redefining the Custody Standard for Banking…