Author: NBTC

Both the U.S. Commodity Futures Trading Commission and the Federal Deposit Insurance Corp. will have significant reach into supervising the U.S. crypto sector, and President Donald Trump’s nominees to be their chairman have been crawling through a Senate confirmation process that’s close to its end — though the Senate likely remains days away from actually holding the final vote. After a Thursday approval 52-47 of the resolution that sets up the final vote, Mike Selig is one step away from taking over the CFTC, and Travis Hill’s ascent to chairman at the FDIC will also soon be decided. A spokeswoman…

Binance has pushed back against claims that the exchange was involved in coordinated promotions for new meme coins. The remarks follow growing concerns that the exchange’s social media posts were being converted into meme tokens. Binance Launches Internal Review After Meme Coins Mirror its Tweets One example of such a trend is a tweet from a Binance Futures post that read, “The year of the yellow fruit and harvest! Plant wisely. Harvest abundantly.” An on-chain token using the exact phrase and image appeared shortly before the post went live. $year of yellow fruit0x2fe3731d8b61515aad65757c7cab8042c43a4444Trades and Price Chart:https://t.co/MOHKDeoL43″year of yellow fruit” comes…

Key Takeaways MoonPay has launched a commerce app specifically for Solana Mobile’s Seeker device. The MoonPay Commerce app will be available exclusively on the Seeker mobile developed by Solana Mobile. MoonPay has unveiled its MoonPay Commerce app, built exclusively for the Solana Seeker device, offering users a seamless way to browse online stores and make crypto payments. The app is integrated with MoonPay Commerce and Solana Pay, allowing users to shop with crypto at checkout through Shopify. At launch, the app features a curated directory of brands and creators accepting crypto payments, including notable names like Fortune Magazine, Pudgy Penguins,…

Ethereum consensus client Prysm said validators missed out on 382 ETH, equivalent to more than $1 million, after a software bug triggered network disruptions shortly after the recent Fusaka upgrade. The incident, detailed in a post-mortem titled “Fusaka Mainnet Prysm incident,” stemmed from a resource exhaustion event that affected nearly all Prysm nodes and led to missed blocks and attestations. What Caused Prysm’s Outage? According to Offchain Labs, the developer behind Prysm, the problem emerged on December 4 when a previously introduced bug caused delays in validator requests. Those delays resulted in missed blocks and attestations across the network. “Prysm…

Expectations for a December Federal Reserve rate cut have fallen sharply, with major platforms now showing odds below 50% for the first time in a month. Bitcoin dropped to $90,410, losing 5.4% in 24 hours as changes in monetary policy outlook hit risk assets. This abrupt shift marks a clear departure from previous certainty. Traders now await the November 19 FOMC minutes for insight into the Fed’s increasingly cautious approach. Rate Cut Odds Fall Sharply Across Key Platforms The odds of a December rate cut have reversed dramatically on multiple platforms. According to the CME FedWatch Tool, there is a…

U.S. Commodity Futures Trading Commission Acting Chairman Caroline Pham has moved again to advance President Donald Trump’s crypto agenda by eliminating old guidance on “actual delivery” of crypto commodities that she suggested might get in the way of the next steps. “Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles innovation is exactly what the administration has set out to do this year,” said Pham in a Thursday statement. The guidance, established in 2020 during Trump’s first term, had sought to define “actual delivery” of assets during a crypto commodity transaction — a key concept under…

South Korea’s two largest cryptocurrency exchanges, Upbit and Bithumb, have seen a notable increase in altcoin trading volumes over the past 24 hours. In particular, XRP, Moo Deng (MOODENG), and Ethereum stood out as the most traded assets on both platforms. An examination of total volume data reveals that daily trading volume for some altcoins has exceeded $200 million. XRP and Moo Deng led the market as the assets most in demand by Korean investors. Here are the altcoins with the highest trading volume and their trading volumes on South Korea’s two largest cryptocurrency exchanges in the last 24 hours:…

The Fed’s latest quarter-point rate cut may look routine, but the timing couldn’t be more significant. Powell’s upcoming exit has markets bracing for a change in tone — and possibly direction. Trump’s rumored nominees, like Kevin Hassett, have openly called for deeper rate cuts, which could push borrowing costs much lower than the Fed currently projects. But policy shifts don’t happen in a vacuum. The new chair will inherit a split committee, with several members still leaning hawkish. That means 2026 could become a tug of war between political pressure for cheap money and institutional caution against inflation. For Ethereum…

Futu Holdings posted a 144% jump in third-quarter profit, riding a wave of heightened trading activity in Hong Kong stocks and rapid expansion in cryptocurrency markets. The online brokerage reported net income of HK$3.22 billion ($413.5 million) for the three months ended September 30, compared with HK$1.32 billion a year earlier. Revenue climbed 86% to HK$6.40 billion ($822.9 million), according to results released today (Tuesday). Futu added 254,000 funded accounts during the quarter, pushing its total to 3.13 million, a 43% increase from the prior year and almost 10% compared to the Q2 2025. Hong Kong led client acquisitions for…

NEW YORK — Terraform Labs co-founder Do Kwon will wait a little longer than expected to find out how much time he will serve in prison for orchestrating a massive crypto fraud that wiped roughly $50 billion from the crypto ecosystem in May 2022. The lengthy hearing saw District Judge Paul Engelmeyer of the Southern District of New York (SDNY) spend the first hour or so berating prosecutors for dumping a mountain of victim impact statements — 315 letters — on both the court and the defense just 24 hours before the hearing kicked off. Half a dozen victims spoke at his…