Author: NBTC

Prediction market platform Kalshi has completed a new $1 billion investment round, bringing its valuation to approximately $22 billion, according to a report from The New York Times. The funding was led by Coatue Management, with participation from Sequoia Capital, Andreessen Horowitz (a16z), IVP, Paradigm, Morgan Stanley, and Ark Invest. Strategic Expansion into Corporate Services The company plans to deploy the fresh capital to expand its offerings for corporate clients, moving beyond its consumer-facing prediction market platform. This marks a significant shift in Kalshi’s business model, as it aims to provide risk management and forecasting tools to businesses, potentially competing…

Billions Network is facing fresh community backlash after revising its token unlock structure before its Token Generation Event (TGE). The change has frustrated early sale participants who expected quicker access to their tokens. The dispute intensified after Kaito CEO Yu Hu said the Billions team had warned in March that the project’s original unlock plan was creating problems in exchange-listing discussions. According to Hu, the issue centered on a 5.6% day-one launchpad unlock, which reportedly made some exchanges uncomfortable ahead of the listing process. Under the latest update shared on X, participants were given three options. They can request a…

On June 4, Terry Duffy, CME Group’s chief, blasted perpetual futures, calling them “a disaster waiting to happen.” He warned that U.S. regulators could destabilize financial markets by allowing U.S. investors access to perpetual futures. Shares of major U.S. exchange operators are falling as investors worry these futures will shift competition across asset classes, according to Reuters. The CFTC opened the U.S. perps market on May 29 The Commodity Futures Trading Commission approved the first U.S.-regulated perpetual futures contract offered by Coinbase and Kalshi on May 29. Unlike traditional futures, perpetual ones never expire, allowing traders to hold them indefinitely.…

South Korea’s alternative trading system (ATS) operator Nextrade and the country’s main bourse, the Korea Exchange (KRX), are advancing toward the launch of over-the-counter (OTC) exchanges for tokenized securities, according to a report by The Korea Economic Daily TV. Both entities have formed separate consortiums with securities firms and partner companies and plan to submit final license applications in August, with the goal of opening their respective markets within the fourth quarter of this year. Two Parallel Consortia, One Regulatory Path Nextrade and the Korea Exchange are pursuing distinct but parallel strategies. Each consortium includes major domestic securities firms and…

Blockchain analytics firm Glassnode says Bitcoin network activity is showing signs of a strong recovery. This trend has historically aligned with the end of local market bottoms and the return of bullish momentum. The analysis comes at a time when Bitcoin continues to trade near $80,000 without a decisive breakout from its current range. Key Points Bitcoin network growth is rising fast, a signal that previously marked the end of local $BTC market bottoms. Glassnode says Bitcoin’s Network Growth metric is nearing a key bullish inflection zone above 60. $BTC options data shows traders remain cautiously bullish despite ETF outflows…

Since debuting on Base in 2023, Aerodrome has become one of the most widely known DEXs on the network by using a system that rewards token holders for directing liquidity incentives toward trading pools. The model helped solve one of DeFi’s longstanding problems: how to bootstrap liquidity for new assets and keep it from disappearing when incentives dry up. Prediction market similarities But the model has an inherent limitation, according to Cutler. Decisions are largely based on past performance. Predictive Allocation seeks to flip that dynamic. Instead of rewarding participants for directing incentives toward pools that have already generated fees,…

Artificial intelligence continues to raise fears about the future of jobs as AI startup Anthropic launched 10 new AI agents for banks, insurers, and financial firms. The launch has triggered fresh debate online about whether AI could replace entry-level finance workers, analysts, and even some software-related jobs. Concerns intensified after users on X claimed the tools could automate tasks usually handled by first-year Wall Street analysts. At the same time, others argue that fears of an “AI job apocalypse” are exaggerated. They point to history and recent economic research showing that technology often changes jobs rather than eliminating work. Anthropic…

Chainlink ($LINK) recorded its highest single-day exchange outflow since December 2, 2025, according to data shared by Santiment. The data showed that 970,430 $LINK left known exchanges on April 27, 2026. The withdrawn tokens were worth about $8.95 million based on $LINK’s average price at the time. Large exchange outflows often show that traders are moving assets into private wallets. The withdrawals came as the wider crypto market slowed after a recent rally. Chainlink still saw strong activity, as traders appeared to use the price pullback to increase their holdings. Exchange outflows can reduce the amount of $LINK available for…

The U.S. House Ways and Means Committee is getting ready to release up to seven digital asset tax bills. That aimed at bringing much-needed clarity to how cryptocurrencies are taxed. The proposed legislation could land as early as June 5. It is taking on several long-debated issues, including staking rewards, mining income, stablecoins and digital asset lending among them. JUST IN: A key U.S. House committee is expected to unveil crypto tax legislation as early as Friday, according to Bloomberg.The proposed bills would address staking and mining rewards while seeking to align digital asset taxation more closely with traditional securities…

South Korean cryptocurrency exchanges have facilitated transactions worth approximately 90 billion won ($60.2 million) with overseas virtual asset businesses that have not registered with the government, according to a new study. The findings, released on June 8 by Hansung University’s Blockchain Research Institute, reveal that over 87,000 deposit and withdrawal transactions took place between January and May of this year, highlighting a significant regulatory blind spot. Concentration on High-Risk Platforms The research indicates that the bulk of this activity was concentrated on two exchanges: Tapbit and CoinMii. These platforms have been described by industry observers as notorious for copy trading…