Author: NBTC

Hudson River Trading signed a multiyear agreement worth billions of dollars with CoreWeave to expand the computing infrastructure used for its trading research and models. The agreement builds on an existing partnership between the companies and represents a material expansion of their relationship, CoreWeave Chief Revenue Officer Jon Jones told Bloomberg. He declined to disclose specific financial terms. As part of the deal, HRT will become one of the first CoreWeave customers to receive wide scale access to Nvidia’s newest Vera Rubin AI chips. HRT, one of the largest nonbank trading firms in the US, has been increasing its use…

U.S. Representative Stephen Lynch, a Massachusetts Democrat, has raised concerns that the Clarity Act, a proposed piece of legislation aimed at regulating digital assets, could inadvertently weaken the country’s banking system and the global standing of the U.S. dollar. Lynch’s remarks, reported by Crypto Briefing, underscore a growing debate in Washington about the balance between fostering cryptocurrency innovation and preserving the stability of traditional financial infrastructure. The Clarity Act and Its Intent The Clarity Act, introduced in the House, seeks to establish a clearer regulatory framework for digital assets, addressing issues such as classification, oversight, and consumer protections. Proponents argue…

Revolut has secured a full banking licence in France, creating its second banking entity in the European Union as the fintech prepares to move more than 30 million Western European customers onto a Paris-based operation. The European Central Bank’s Governing Council approved the licence following a joint review with France’s Autorité de Contrôle Prudentiel et de Résolution, according to Revolut, allowing Revolut Bank S.A. to operate alongside the company’s existing Lithuanian banking entity. The French operation will initially serve customers in France before Revolut progressively moves Germany, Ireland, Italy, Portugal and Spain onto the new entity. Lithuania will continue serving…

Japan is preparing to study a blockchain settlement system capable of processing stock and government bond transactions around the clock, according to an Aug. 26 report from Nikkei. The Financial Services Agency, Ministry of Finance, Bank of Japan and participating financial institutions are expected to establish a study group during summer 2026. The group would aim to complete an initial development plan in early 2027. Source: https://t.co/XdztbvTeLa — Wu Blockchain (@WuBlockchain) August 26, 2026 None of the three government institutions had published a formal announcement confirming the reported study group when checked Wednesday. Japan’s blockchain settlement plan targets existing delays…

Ray Dalio, the billionaire investor and founder of Bridgewater Associates, the world’s largest hedge fund, made noteworthy statements on the global financial system, impending economic risks, and asset allocation. Dalio stated that investors should turn to “solid money” assets like Bitcoin and gold, which cannot be printed, in the event of a potential financial collapse, while also sharing his own preferences and reservations about cryptocurrencies. Dalio, known for predicting the 2008 global financial crisis, pointed out that a serious AI-focused bubble is forming in the markets. Dalio added that the combination of high debt levels, income inequality, and geopolitical tensions…

Cardano founder Charles Hoskinson has revealed that Bitcoin DeFi has already attracted $500 million in soft commitments, with the figure potentially reaching the billion-dollar range as the initiative progresses. He disclosed the progress during a recent appearance on The Breakdown podcast with David Gokhshtein, highlighting the growing interest in using Bitcoin for decentralized finance while preserving its core identity. Bitcoin DeFi Draws $500 Million in Early Commitments During the interview, Hoskinson said discussions with Bitcoin proponents have generated roughly $500 million in soft commitments for the Bitcoin DeFi project on Cardano. Moreover, he expects the figure to enter the 10-figure…

Investor Chamath Palihapitiya issued a warning in an X post on Thursday. He argued that the political finger-pointing surrounding the construction of AI data centers could lead to the loss of 200 to 300 basis points of annual US GDP if the fighting continues. Chamath pointed to backlash from states like Texas, Ohio, and Pennsylvania as early signs of a situation that could spread across the United States. What did Chamath call a powder keg? Palihapitiya is a Silicon Valley venture capitalist and has painted the state-level fights over AI data centers as a national economic risk. In an August…

Coinbase CEO Brian Armstrong said in a CNBC interview that he expects the Clarity Act, a U.S. digital-asset market structure bill, to secure more than 60 votes in a Senate cloture vote scheduled for Sept. 15. Armstrong expressed confidence that the bill would pass the first key procedural hurdle after Congress reconvenes, allowing the Senate to begin debate and consider amendments. What is the Clarity Act? The Clarity Act aims to establish a comprehensive regulatory framework for digital assets in the United States, addressing market structure, consumer protections, and the jurisdictional boundaries between the SEC and CFTC. The bill has…

Pump.fun generated $10.03 million in protocol fees during the week of Aug. 3 to 9, marking the first time its weekly total crossed $10 million under its current reporting series. The Solana based token launch platform said fees increased 12% from the previous week as trading activity recovered across its launchpad, PumpSwap exchange and Terminal trading product. The latest newsletter described the period as the platform’s “first week above $10M.” Independent DefiLlama data supports the broader revenue recovery, although its rolling measurement window differs from Pump.fun’s fixed Aug. 3 to 9 reporting period. DefiLlama recorded $10.49 million of Pump protocol…

Blockchain analytics company Glassnode reported that Bitcoin retreated to around $62,600 after failing to sustain itself above $66,000. According to the company, weak demand in the spot market and the defensive positions of derivatives investors increased pressure on the price, while the resilience of long-term investors, rising network activity, and renewed ETF inflows continued to support the market. Glassnode’s report stated that Bitcoin failed to sustain the recovery that began after surpassing the $66,000 level and retreated again from the $65,000 region. The company noted that current price movements reflect a weakening of spot market momentum, and that ongoing net…