Author: NBTC

A proposed 5% tax on billionaires’ wealth in California has drawn a strong response from crypto executives, who argue it would trigger an exodus of entrepreneurs, capital flight, and would be wasted anyway. The initiative, known as the 2026 Billionaire Tax Act, seeks to add a ballot proposal for a 5% tax on net wealth above $1 billion to help fund the health care system and state assistance programs, according to the SEIU United Healthcare Workers West union.As the proposed wealth tax is partly assessed against unrealized gains, some billionaires may need to sell stock or parts of their businesses…

Despite launching in 2020, Polymarket really put itself on the map in November 2024 following the U.S. presidential election; however, 2025 brought unprecedented growth for a crypto-native app, as the decentralized prediction market has evolved into an international information resource often cited by the world’s top media outlets. Just 18 months ago, Polymarket was well into its fourth year of operations, processing between $10 million and $30 million in volume per week. In November 2024, however, the platform shattered expectations, processing more volume in a 5-day period than it did throughout all of 2023. For context, the prediction market’s volumes…

Ethereum price today trades near $2,940 after another failed attempt to reclaim short-term resistance. The market remains compressed below key moving averages as spot flows stay negative and volatility fades. At the same time, a wave of large-scale staking activity is quietly removing supply, creating tension between weak price structure and strengthening long-term positioning. Price Trapped Below EMAs As Momentum Stalls ETH Price Action (Source: TradingView) On the daily chart, Ethereum continues to trade below its 20, 50, 100, and 200-day EMAs. The 20-day EMA near $2,985 has capped recent rebounds, while the 50-day EMA around $3,138 remains the first…

The financial world is buzzing with a groundbreaking concept that promises to redefine how we invest, trade, and interact with assets. BlackRock CEO Larry Fink recently put a spotlight on this transformative force: tokenization. He believes it’s not just a trend but potentially the most crucial development for the future of global finance. What Exactly is Tokenization and Why Does it Matter? Larry Fink’s vision, shared at Hong Kong FinTech Week 2025, paints a vivid picture. Imagine a world where all Exchange Traded Funds (ETFs), currently valued at a staggering $5.3 trillion, are transformed into digital tokens. This process, known…

A U.S. federal court has stepped into a growing dispute over fairness in the Solana memecoin market, drawing sharp attention to Pump.fun. The platform, known for rapid and open token launches, now sits at the center of a class-action lawsuit focused on transaction ordering and MEV tools. Significantly, the court recently allowed thousands of internal messages from a whistleblower into the record, signaling that the claims warrant serious examination. While the ruling does not establish wrongdoing, it pushes the case beyond speculation and into formal legal scrutiny, with potential consequences for the wider crypto ecosystem. How MEV Shifted the Fair…

Shift4, a U.S. payments giant handling over $200 billion in annual volume for more than 200,000 businesses, has launched a stablecoin settlement platform for its merchants. In a Dec. 22 press release, the Pennsylvania-headquartered public company said merchants can now choose to be paid in stablecoins such as USDC, USDT, EURC, or even DAI. As Shift4 explained, these currencies “are already used globally for cross-border commerce, remittances, payroll, B2B settlement, and treasury management.” Merchants can also choose from networks such as Ethereum, Solana, Plasma, Stellar, Polygon, TON, and Base, with additional networks “added over time,” the firm said. “As Shift4 becomes…

Ethereum price was stuck below the psychological point at $3,000 as exchange-traded fund inflows slowed and transaction fees in the network plunged. Summary Ethereum price has formed several bearish patterns on the daily chart. The network fees have slumped by 57% in the last 30 days. The ETH ETF inflows have also slumped in the past two months. Ethereum (ETH) was trading at $2,945, down by 40% from its highest point this year. It has also formed a risky pattern, pointing to more downside in the near term. SoSoValue data shows that demand for Ethereum ETFs has largely waned in…

Scion Asset Management, a hedge fund founded by famed ‘Big Short’ investor Michael Burry, disclosed a new regulatory 13F filing on November 3, revealing several changes to its portfolio. Most notably, Burry purchased five million put options on Palantir (NASDAQ: PLTR) and one million put options on Nvidia (NASDAQ: NVDA), the former position being valued at around $912 million and the latter at roughly $186 million. In total, 80% of the manager’s $1.38 billion portfolio is now allocated to the two positions. Scion also made several notable long-side adjustments. Namely, it added 50,000 shares of Lululemon (NASDAQ: LULU) and initiated…

The Trump administration’s crypto-friendly approach has resulted in reduced oversight of the crypto industry, leading to criticism from advocates and lawmakers. The SEC has changed its policies from strict enforcement of regulations to a business-friendly model in President Trump’s regime, and contrary to critics, the reduced oversight has not been unreasonably reserved for crypto firms. The crypto regulatory environment under Trump’s administration Since President Donald Trump took office in January 2025, the Securities and Exchange Commission has dropped or paused approximately 60% of the enforcement cases it had against crypto companies, according to reports from The New York Times. On…

Investors are closely tracking the latest binance listings as Binance Spot prepares to expand its roster of tradable pairs later this month. New trading pairs coming to Binance Spot Fee incentives and regional restrictions Price reaction of newly supported tokens The contrasting effect of delistings New trading pairs coming to Binance Spot On December 24, crypto exchange Binance will introduce five new spot trading pairs on its main platform. The exchange confirmed that it will open trading for ADA/USD1, ASTER/USD1, LUNA/USDC, LUNC/USDC, and ZEC/USD1 on Binance Spot on that date. Moreover, the platform will activate Trading Bots services for all…