Author: NBTC

NEW YORK — The U.S. government shutdown is now the longest on record, breaking the previous 35-day record on Wednesday as lawmakers continue to be at an impasse over funding the federal budget — an impasse that may be strengthened by Tuesday night’s sweeping win for Democrats in an off-year election. Expectations had been growing that Democrats might give in on their demands and vote to fund the government as soon as this week or early next week without winning concessions in their effort to address healthcare premiums that rose this month. But Tuesday’s election may further delay any dealmaking…

LBank users have issued complaints about having their funds frozen. Even after successful trading, some users could not access their gains, as the exchange reportedly refused to release the funds. Several high-profile crypto influencers have complained about LBank locking up their gains. The reports claim that even after successful trading, the centralized exchange refused to honor their withdrawal claims. Crypto investigator ZachXBT noted that one of the big shareholders of LBank is also behind the MEXC market. MEXC has also received similar complaints and was locked in a months-long battle with trader The White Whale. ZachXBT noted centralized “bucket shop”…

CyberCharge has entered a strategic partnership with KaratDAO, a recognized decentralized identity protocol on ZKSync.This collaboration aligns with both organizations’ goals to enhance decentralized infrastructure and user verification systems. CyberCharge is a DePIN (Decentralized Physical Infrastructure Networks) firm, but KaratDAO is a Web3 identity and SocialFi firm. The integration will provide secure, verifiable, and incentivized on-chain interactions to the users. .[STRATEGIC PARTNERSHIP ANNOUCEMENT ]CyberCharge is teaming up with @KaratDAO, one of the largest SocialFi protocols on ZKSync, bridging Web2 and Web3 identities in a decentralized ecosystem.Teaming up with @KaratDAO marks another step forward in expanding CyberCharge’s DePIN… pic.twitter.com/UijxTWdDB0 — CyberCharge…

Ethereum Liquidations Fuel Short-Term Rebound Over $155 million worth of short positions were wiped out in the past four hours, signaling aggressive market liquidations across major exchanges. Ethereum ($ETH) led the rebound with over $8.7 million in short liquidations, followed closely by $Bitcoin and $Solana. According to the heatmap, bearish traders are “getting rekt” as Ethereum price sharply recovered toward $3,380, erasing part of this week’s heavy losses. Technical Analysis: ETHUSD Chart Breakdown The ETHUSD chart shows Ethereum’s price stabilizing around $3,380, forming a potential short-term bottom. ETH managed to defend the 200-day Simple Moving Average (SMA) near $3,397, a…

The Bank for International Settlements (BIS) warned about the risks of stablecoin yield products. The addition of yield blurs the line between payment tools and investments, the organization warned. The Bank for International Settlements (BIS) issued warnings on the expansion of stablecoin yield products. The organization noted the current trend of stablecoin adoption, but warned about yield-based apps and products. As Cryptopolitan reported, the BIS has been critical of stablecoins in the past, alongside a generally negative stance on crypto. “These practices may blur the lines between payment instruments and investment products. They may compete with bank deposits but are…

Big banks in the U.S. are not staying quiet anymore. They’re calling out crypto firms for trying to sneak into the regulated financial world using national trust-bank charters, and they’re pissed. Two trade group giants, the Bank Policy Institute (BPI) and Independent Community Bankers of America, just told the Office of the Comptroller of the Currency (OCC) to kill Coinbase’s bid for one of these charters. And it’s not just about Coinbase. The BPI already shot off letters on October 31 opposing similar moves from Ripple, Circle, Paxos, and a few more. This isn’t some turf war over licenses. It’s…

Gemini has added XRP perpetual contracts to its European derivatives platform, which is the first time the American exchange has offered leveraged XRP products to EU-based users through its Malta-registered entity. The new listing lets traders go long or short on XRP with up to 100x leverage, settled in USDC and with no fixed expiration dates. Gemini Intergalactic EU Artemis, Ltd., is the one selling the products, and they are authorized by the Malta Financial Services Authority (MFSA). The company said that there are geographic and availability restrictions, and risk disclosures say that these instruments are high-volatility derivatives that are…

Humanity Protocol, an on-chain digital identity platform, will integrate Mastercard’s open finance payment system. The new feature will roll out for US holders first, later aiming at global adoption. Humanity Protocol will launch its on-chain digital identity in partnership with Mastercard’s open finance platform. Its Human ID will roll out for US clients first, later aiming for global expansion for open finance. The protocol aims to expand to credit, loans, and other financial services. Humanity Protocol previously hinted at the notable partnership with Mastercard’s platform for open finance. It uses Ethereum for its on-chain Web3 identity. Some partnerships make sense.…

Bit Digital now holds 153,546 ETH, a massive bet positioning the public company as a cornerstone of the institutional digital asset landscape far beyond its mining origins. Summary Bit Digital boosted its Ethereum holdings to 153,546 ETH, valued at $590.5 million as of October 31. Around 86% of its ETH is staked, generating yield as the company pivots from Bitcoin mining to Ethereum-native finance. In a press release dated Nov. 7, Nasdaq-listed Bit Digital announced that its Ethereum (ETH) treasury had grown to approximately 153,547 ETH, valued at about $590.5 million as of October 31. The company said it acquired…

The sports industry is in a state of shock following the arrest of more than 30 people involved with the National Basketball Association (NBA). The investigation, described as “mind-boggling” by the FBI Director Kash Patel, has spanned 11 states and involves millions of dollars allegedly made through illegal betting and game rigging during the 2023–2024 season. According to the prosecutors, the scheme involved insider information and organized crime activity, damaging the reputation of the league on multiple fronts. Given the scope of the problem, the question for investors with exposure to the sports industry is simple: What stocks to watch…