Author: NBTC

Kalshi CEO Tarek Mansour has pushed back against a lawsuit filed by New York state regulators, arguing that the case is not about sports betting but rather a broader effort to undermine the entire prediction market industry. In an interview with CNBC, Mansour described the legal action as an attack on the business model that Kalshi and similar platforms use, comparing the company’s situation to the early regulatory battles faced by Uber and Airbnb. Lawsuit Targets More Than Sports Betting The lawsuit, filed by the New York Attorney General’s office, alleges that Kalshi violated state law by offering event contracts…

Flap, a $BNB Chain token launchpad, generated $1.18 million in revenue on Aug. 1, passing Pump.fun in daily revenue for the first time, according to DefiLlama. Flap earned $1,183,980 on Aug. 1, edging out $1,103,266 for the entire Pump family — the pump.fun launchpad plus its PumpSwap AMM and trading terminal — per DefiLlama’s parent-protocol data. Flap vs. Pump.fun Daily Revenue. Source: DeFiLlama The flip came during a strong stretch for Pump, which had earned between $1.3 million and $1.44 million a day from July 27 through July 31. Flap’s run-up was steep: the platform made $28,343 on July 19,…

Crypto analyst Sykodelic said Bitcoin is building toward explosive moves well ahead of the Q4 low that many traders expect, as the market sits in an unusually quiet stretch that has left participants bored. The trader has already entered a short position after a weak weekly close, looking for a quick drop that clears built-up liquidity before a reversal higher. The Setup That Has Traders Watching Closely Sykodelic described the current environment as one where “the lack of volatility and compression we are seeing here only ever finishes in one way. MASSIVE moves.” They noted that the quiet has left…

As South Korea’s government tightens lending regulations to cool the housing market, a notable shift is emerging among Seoul homebuyers: many are selling financial assets, including stocks and cryptocurrencies, as well as existing real estate, to finance new purchases. According to an exclusive report by Maeil Business Newspaper, an analysis of home purchase financing plans submitted to the office of People Power Party lawmaker Kim Jong-yang reveals a significant increase in the use of asset sales to fund home acquisitions. Asset Switching on the Rise Data from South Korea’s Ministry of Land, Infrastructure and Transport, covering 17 cities and provinces,…

Solana News Pump.fun ($PUMP), the token behind Solana ($SOL)‘s dominant token-launch platform, climbed to its highest level in two months on Monday. The Solana ecosystem asset jumped more than 23% intraday and ranked as the single largest gainer among the 100 biggest cryptocurrencies by market value. On-chain data shows $PUMP printed an intraday high of $0.00207, its strongest reading since May 12, before easing back toward $0.00203. The move capped a two-day advance that lifted the launchpad token from roughly $0.0016 late Sunday, restoring attention to a platform whose fortunes are tightly coupled to retail speculation across the Solana network.…

South Korea’s Government Public Ethics Committee has approved the employment of retired officials from the National Police Agency and the National Tax Service at two affiliates of cryptocurrency exchange Bithumb, according to a Yonhap News Agency report. The decision, made public on Aug. 3, comes as these affiliates face trading suspensions and delisting risks, raising questions about governance and regulatory oversight in the crypto sector. Approved Hires at Bucket Studio and Vidente The committee’s July review results, released on Aug. 3, confirmed that Bucket Studio, a KOSDAQ-listed company, hired a former police lieutenant-level officer who left the National Police Agency…

Real-world asset markets accounted for more than half of Hyperliquid’s trading volume for two consecutive weeks in July, the first time perps tied to stocks, commodities and indexes out-traded crypto on the platform. RWA perps did $25.1 billion in the week of July 13–19, or 52% of Hyperliquid’s $48.2 billion total, according to Blockworks data. The share held above 50% the following week. “We are entering a new era for DeFi,” Lorenzo Valente, director of digital asset research at ARK Invest, said in a July 23 post on X.. “For the first time ever, @HyperliquidX generated more volume from RWAs…

Hashrate Pulls Back From Record Highs Bitcoin’s network hashrate, the combined computing power securing the blockchain, has retreated meaningfully from its record levels this year. CryptoQuant analyst Maartunn estimated the pullback at 17% below its all-time high, while other trackers have shown hashrate easing from a late-2025 peak above one zettahash per second to a range closer to 850 to 920 exahashes per second through the summer. Hashrate estimates vary between data providers depending on the averaging window used, since the metric is inferred from block timing rather than measured directly, but the broader trend across trackers points in the…

Bitwise’s 10 Crypto Index ETF ended the first half of 2026 with nearly half the net assets it started with, while its 10-asset basket became more concentrated in Bitcoin. Net assets at BITW fell 48.27%, from $1.03 billion on Dec. 31 to $532.8 million on June 30, according to the fund’s quarterly filing. That contraction was not the return experienced by an investor: the fund reported a negative 36.16% Principal Market NAV total return per share for the six months, while its outstanding share count declined 18.97%. The net-asset change combined two forces. Market performance reduced the value of each…

Tokenized equities firm Dinari is bringing its blockchain-based U.S. stock offering to eligible domestic investors, marking an expansion of the custodial tokenization model into the U.S. market. The company said Tuesday that investors can buy and sell 724 tokenized U.S. stocks, including every company in the S&P 500, using Circle’s $USDC stablecoin through self-custody wallets. The stock tokens are available across Ethereum, Arbitrum, Base and Avalanche, with support for Solana and Sei coming “soon,” the firm said. The offering runs through Dinari’s regulated broker-dealer and transfer agent infrastructure and launches with partners including Circle (CRCL), Stripe-owned Privy, Para and Monaco.…