Author: NBTC

Wallet infrastructure firm Kresus Labs has raised approximately 18 billion won ($13 million) in investment from Hanwha Investment & Securities, one of South Korea’s largest financial institutions. The investment follows a memorandum of understanding signed in December at Abu Dhabi Finance Week and is aimed at expanding Kresus’ enterprise digital wallet infrastructure, real-world asset (RWA) tokenization platforms and onchain financial workflows. The wallet and blockchain infrastructure firm develops digital asset tools for both consumers and institutions, including “seedless” wallet recovery technology and multi-party computation (MPC)-based security systems. Seedless recovery refers to the means of restoring access to a digital asset…

The ongoing dialogue over cryptocurrency regulations in the United States has catapulted traditional banks into a pivotal role, revealing their substantial impact on the digital asset sector. Market analyst Marty Party underscores the absence of a robust market structure as a driving factor influencing crypto asset pricing, compounded by pressure from established financial institutions. While these digital markets pride themselves on decentralization, they remain heavily affected by their connection to the U.S. dollar, which enhances the traditional finance sector’s role in shaping market outcomes. Banks’ Growing Role in Legislative Frameworks?Does Market Structure Affect Competitive Balance? Banks’ Growing Role in Legislative…

Polymarket’s U.S. platform has hit more than $750 million in Cumulative Notional Volume and processed over 5 million transactions. The CFTC-compliant platform, relaunched through the QCEX acquisition, drives strong U.S. adoption for event-based trading on politics, crypto, sports, and geopolitics via transparent on-chain settlements. Polymarket US Hits $761 Million Cumulative Notional Volume Polymarket US, run by QCX LLC as a CFTC-designated contract market, has $761.59 million in Cumulative Notional Volume with transactions surpassing 5 million. Yesterday also saw the highest number of unique tickers traded on the app, about 524. Open interest currently stands at $1.42M, down from a peak…

Analysis of the 90 days before and after the December 3 Ethereum Fusaka upgrade indicates a steep rise in the number of address poisoning scams. Stablecoin transactions on Ethereum are among the biggest hits with this ever-rising problem. Dust Transfers Explode After Fee Reductions Researcher Wise Crypto says that dust attacks went up sharply all over the Ethereum ecosystem. They wrote on X on March 13 that there had been a huge increase, especially in stablecoin movements. The number of USDT transfers under $0.01 went up by 612%, from about 4.2 million to 29.9 million. A similar thing happened with…

A major US bank has agreed to pay hundreds of millions of dollars to settle allegations that customers were charged illegal overdraft fees for years. Georgia-based customers of SunTrust Bank, which is now operating as Truist Bank, will share in the long-awaited settlement fund. The deal resolves a 2010 class-action lawsuit claiming the bank charged overdraft fees that functioned as illegal excessive interest under Georgia’s usury laws. Originally filed by Jeff Bickerstaff Jr., who died in 2014, the case sought refunds for fees on overdrafts of $500 or less from ATM or debit transactions. Eligible class members are Georgia citizens…

The digital asset industry could see the Clarity Act, its most significant piece of market structure legislation, signed into law as early as July, according to veteran Washington insider Kristin Smith. During a recent interview with Fortune, Smith, president of the Solana Policy Institute and former head of the Blockchain Association, opined that the bill is facing a rather difficult path. Passing standalone legislation during an election year is notoriously difficult. Lawmakers might bypass congressional gridlock by attaching niche bills to “must-pass” legislation. However, Smith pointed out that this maneuver requires the direct sign-off from the leading Democrats and Republicans…

Vienna, Austria-based crypto broker Bitpanda is leaning into a strategy it has been quietly building for years: keep its retail business anchored in Europe while expanding globally by supplying crypto infrastructure to banks and financial firms. The company’s next phase of growth will focus less on raw user numbers and more on geographic reach, Vishal Sacheendran, vice president of global markets strategy and operations, told CoinDesk in an interview. “It’s about having a footprint in more markets,” Sacheendran said. That expansion is building on its steady growth. The company, which boasts more than 7 million users, reported this week €371…

Ethereum is stuck below a major resistance zone while support levels keep getting tested. Two fresh charts now show the same message: the market still looks fragile, and the next breakout or breakdown could set the tone for what comes next. Ethereum Faces Resistance at $2.1K as $1.8K Holds Support Ethereum is still failing to break above $2,100. The daily chart from Daan Crypto Trades shows that sellers keep stepping in whenever price reaches that area. Because of that, Ethereum remains below a major resistance zone instead of moving into a stronger recovery. Ethereum Resistance at $2.1K. Source: Daan Crypto…

Federal researchers are embracing prediction markets as policy-relevant tools just as state regulators move to curtail them. In a working paper, Federal Reserve researchers say macro-focused prediction markets can provide policymakers with a real-time, market-based gauge of inflation and interest-rate expectations. The authors found that the models closely match, and even exceed, forecasts from traditional benchmarks while providing continuously updated probability distributions around key data releases and policy meetings. Their findings suggest prediction markets can serve as a “valuable complement to existing forecast tools in both research and policy settings,” the authors wrote. By offering “transparent, continuously updated, and economically…

Wall Street’s biggest exchanges are embracing digital assets by aiming to put the $126 trillion equity market on blockchains — but they are not going at it alone; rather, they are relying on crypto exchanges to get there. Over the past week, two of the world’s most powerful exchange operators — Nasdaq and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange — teamed up with digital asset exchanges to merge equities with blockchains through tokenization. Nasdaq is developing a framework that would allow publicly listed companies to issue blockchain-based versions of their shares while preserving traditional…