Author: NBTC

A newly registered trader on Polymarket, one of the most widely used online cryptocurrency prediction market websites, has managed to turn a nearly $330,000 profit in a single day. Going by the name of NBA101, the trader has made 48 predictions since they joined earlier this month, most of them sports-related. The latest was an $82,000 bet on Sacramento Kings vs. Los Angeles Lakers on January 13, which turned a 312% profit of approximately $256,500 for a total win of more or less $338,000 when the Sacramento team beat the L.A.-based rival 124:112. Adjusting for a nearly $9,000 daily loss…

Crypto companies are stepping up efforts to win banks over as a major Senate bill on digital assets hits roadblocks. The bill, which passed through the House of Representatives last year, would reshape parts of the U.S. crypto market. Disagreements in the Senate, however, have stalled its progress, and the legislation’s future is uncertain. Crypto firms are seeking new concessions on stablecoins to push things forward. These initiatives are intended to resolve one of the main sources of friction with banks, signalling the crypto industry’s intention to keep the bill alive. One of the new proposals is to allow community…

Ethereum co-founder Vitalik Buterin and crypto analyst c-node have reignited the debate over the true purpose of Decentralized Finance (DeFi). Together, the two industry experts challenge the booming industry to rethink its priorities. Experts Clash Over What Counts as “Real” DeFi The underlying issue, according to the experts, is that much of today’s DeFi hype is superficial, serving speculative interests rather than advancing genuinely DeFi infrastructure. “There is no reason to use DeFi unless you have longs on cryptocurrencies and want access to financial services while preserving self-custody,” c-node wrote. They dismissed common yield-generating strategies—like depositing $USDC into lending protocols—as…

ETHZilla (ETHZ), an Ethereum-focused digital asset treasury firm, is pushing deeper into tokenization, acquiring a $4.7 million portfolio of manufactured and modular home loans. The company plans to tokenize the 95-loan portfolio on an Ethereum layer-2 network, aiming to turn the loans into cash-flow-generating digital tokens available via Liquidity.io, a regulated broker-dealer and trading system, according to an announcement shared with CoinDesk on Thursday. The loans, secured by first-lien mortgages, are expected to yield around 10% annually, according to the firm. “This transaction represents a natural extension of the tokenization strategy we’ve been building,” said McAndrew Rudisill, chairman and CEO…

Project Eleven has raised $20 million to build defenses against the existential threat quantum computing poses to cryptocurrency. The round values the startup at $120 million. The company is backed by heavyweights from its June 2025 seed round, including crypto-native VC Variant Fund and quantum tech fund Quantonation. Project Eleven is preparing for “Q-Day.” This is the theoretical event when quantum computers become powerful enough to break the encryption that secures the internet and financial systems. Bitcoin, Ethereum, and most major blockchains rely on Elliptic Curve Cryptography (ECC) for generating public and private keys. A sufficiently powerful quantum computer running…

Crypto companies are reportedly floating concessions relating to stablecoin yields in an attempt to unfreeze the delayed crypto market structure bill. The legislation passed the House but has stalled in the Senate as negotiations continue over whether stablecoin issuers should be allowed to offer yields, with banks arguing it will compete with and take money away from traditional savings accounts. Anonymous sources told Bloomberg that crypto firms are now making new proposals, such as giving community banks a bigger role in the stablecoin system, to ease the bill through the Senate. Other proposed compromises include requiring stablecoin issuers to hold…

BitMine Immersion Technologies is facing increasing pressure as plunging ether prices have led to heavy unrealized losses. The Ethereum Treasury, which is chaired by Fundstrat’s Tom Lee, sits at the center of one of the largest single-asset corporate bets in crypto history as market conditions continue to weaken. Ether hit a local low of around $2,048 on February 5, putting BitMine’s holdings deep underwater. The company holds about 4.28 million $ETH, which was accumulated as part of an aggressive treasury strategy adopted last summer. As a result, unrealized losses now exceed $7 billion, a drawdown of over 45% on its…

In a landmark development for financial technology, Nasdaq-listed Figure Technology Solutions has launched the On-Chain Public Equity Network ($OPEN), fundamentally transforming how investors interact with stock markets. This blockchain-based platform enables direct issuance and lending of real-world stocks without traditional intermediaries, potentially reshaping equity market infrastructure for years to come. The announcement, made from San Francisco on March 15, 2025, represents one of the most significant integrations of blockchain technology into mainstream finance to date. Understanding the $OPEN Platform’s Revolutionary Approach Figure Technologies’ $OPEN platform represents a fundamental departure from existing tokenized stock solutions. Unlike synthetic assets that merely track…

A Nevada state court denied regulators’ request for an emergency temporary restraining order (TRO) to immediately halt Coinbase’s new prediction market offering. Instead, the court set a hearing for next week so the exchange can respond, according to Coinbase chief legal officer Paul Grewal. The Nevada Gaming Control Board (NGCB) filed a civil enforcement action in Carson City on Monday, accusing Coinbase of offering unlicensed wagers on sports event contracts and asking for a TRO and preliminary injunction to block the products for Nevada residents. Coinbase fights case in state and federal court ​In a Tuesday filing, Coinbase argued that…

Ether $ETH$2,113.11 has been catching flak from all angles of late, plunging below $2,000, with sell pressure emanating from every angle of the market, including Ethereum founder Vitalik Buterin and derivatives traders alike. The second-largest cryptocurrency is currently trading around $1,950, down 60% since August and 42% since Jan. 14. Its plight can in part be attributed to what analysts are calling the latest crypto bear market, but $ETH itself has underperformed other large caps like BTC, XRP and ADA, which are down closer to 35% since mid-January. The divergence from its peers was helped along by a wave of…