Author: NBTC

The American Federation of Teachers (AFT), which represents 1.8 million workers, sent a warning straight to the Senate Banking Committee over its crypto market structure bill, calling the proposal “as irresponsible as it is reckless.” The letter was written by Randi Weingarten, president of the union, and addressed to Senator Tim Scott (R-SC) and Senator Elizabeth Warren (D-Mass.), who lead the committee. She said the bill puts working families’ pensions and the wider economy at risk. Randi also said the crypto bills reviewed by the committee over recent months raise deep concern. The union said the government could open the…

Hellotrade raises $4.6 million seed led by Dragonfly to build a MegaETH‑powered mobile trading app. Hellotrade announced the completion of a $4.6 million seed round led by Dragonfly Capital and closed in under a week, backing the blockchain‑powered trading platform founded by former Blackrock crypto directors Wyatt Raich and Kevin Tang. The founders say Hellotrade will deliver mobile‑first leveraged exposure to stocks, exchange-traded funds (ETFs), commodities and crypto using MegaETH’s high‑throughput infrastructure without wallet setup or gas fees. The product aims to remove geographic and capital barriers to leveraged trading by offering 24/7 access to real‑world assets (RWAs) via perpetual…

The authorities in Tajikistan are ready to impose harsh new penalties for miners extracting cryptocurrencies using energy they never paid for. The measures aimed at curbing electricity theft in the sector include hefty fines and prison sentences as the country faces another cold winter amid power shortages. Tajikistan to fight illegal mining with fines and jail time The government of Tajikistan is introducing criminal punishment and financial penalties for unauthorized consumption of electricity to mint digital coins. That’s according to legislative amendments recently approved by the Central Asian nation’s bicameral legislature, local media revealed. An article prosecuting the “illegal use…

Bitwise Chief Investment Officer Matt Hougan highlights common mispricing in Digital Asset Treasury Companies (DATs). He urges investors to consider valuation beyond simple crypto holdings as these firms navigate complex financial dynamics. DATs now manage over $130 billion in digital assets, serving as vital links between traditional capital markets and direct cryptocurrency exposure. Their unique position brings new valuation challenges that set them apart from other investment vehicles. Bitwise Just Revealed 3 Ways to Value DATs: All You Need to Know Bitwise CIO Matt Hougan warns that most DATs are mispriced. While many trade at a discount to their assets,…

A US judge has granted prediction markets platform Kalshi a temporary reprieve from enforcement after the state of Connecticut sent it a cease and desist order last week for allegedly conducting unlicensed gambling. The Connecticut Department of Consumer Protection (DCP) sent Kalshi, along with Robinhood and Crypto.com, cease and desist orders on Dec. 2, accusing them of “conducting unlicensed online gambling, more specifically sports wagering, in Connecticut through its online sports event contracts.” Kalshi sued the DCP a day later, arguing its event contracts “are lawful under federal law” and its platform was subject to the Commodity Futures Trading Commission’s…

In a significant development for the crypto world, Animoca Brands just achieved a major milestone that could reshape blockchain gaming investments across the Middle East. The company received in-principle approval to operate as a fund manager in Abu Dhabi, opening new doors for digital asset innovation. What Does Animoca Brands Abu Dhabi Approval Mean for Investors? The Financial Services Regulatory Authority of Abu Dhabi Global Market granted this crucial approval. This decision allows Animoca Brands to manage investment funds specifically in Abu Dhabi. Therefore, the company can now expand its blockchain gaming and NFT operations throughout the region. This approval…

Market commentator Zach Rector has doubled down on his view that the next major move for XRP will occur before the Clarity Act becomes law. He asserts that markets move on expectations, not official documents. Rector argues that anyone waiting for XRP to take off only after President Trump signs the Act is ignoring a classic crypto pattern: “buy the rumor, sell the news.” Accordingly, Rector suggests that by the time the bill reaches the President’s desk, XRP’s breakout will likely have already happened. Specifically, Rector claimed the market will “absolutely” see a run-up in XRP before the Clarity Act…

The world of Web3 gaming just witnessed a spectacular triumph. Pudgy Party, the flagship mobile game from the beloved Pudgy Penguins NFT collection, has officially surpassed a monumental one million downloads. This milestone, achieved across both the Apple App Store and Google Play Store, signals a powerful surge in mainstream adoption for NFT-powered entertainment. But the celebrations don’t stop there—the game is also basking in the glory of major industry awards. What Makes Pudgy Party a Million-Download Sensation? Reaching one million downloads is no small feat in the competitive mobile gaming landscape. Pudgy Party accomplished this by blending accessible, fun…

A recent study found that only 8% to 11% of the $3.2 trillion cryptocurrency market generates yield—a five- to sixfold disparity compared with traditional finance, where 55% to 65% of capital is yield-bearing. Experts say the gap is a major barrier to institutional adoption, noting that institutions require “predictable, auditable yield,” which in crypto remains fragmented and exposed to significant risk. Closing the Gap: Infrastructure and Usability A recent Redstone study spotlighted a major structural weakness in the crypto economy: Only 8% to 11% of the $3.2 trillion market generates yield, compared with 55% to 65% of capital in traditional…

Rep. Keith Self (R., Texas) on Tuesday filed an amendment to the National Defense Authorization Act that would bar a U.S. central-bank digital currency as the House Rules Committee prepares to decide whether it advances to a floor vote. “Promises were broken to include this language in the NDAA,” Self tweeted. “My amendment would fix the bill.” House GOP leaders plan to pass the defense bill late Wednesday afternoon, according to a Politico report, citing anonymous sources.  A CBDC is a digital currency issued, regulated, and backed by a country’s central bank, comparable to fiat currency. Self’s amendment, titled…