Author: NBTC

The Russian Supreme Court has overturned the fine of more than 18 billion rubles ($221.1 million) imposed on Alexey Ivanov-Bilyuchenko, co-founder of the collapsed crypto exchanges BTC-e and Wex. The civil lawsuit seeking compensation has been dismissed. The court ruling stated, “The decision of the Savelovsky District Court of Moscow, the appellate ruling of the Civil Division of the Moscow City Court, and the ruling of the Civil Division of the Second Cassation Court of General Jurisdiction are overturned. Proceedings in the case brought by World Exchange Services Pte. Ltd. against Aleksey Sergeevich Ivanov for compensation for damages caused by…

The Ethereum Foundation (EF) has overhauled its grants program, shifting from an open application model to a new funding approach under its Ecosystem Support Program. According to a blog post on Monday, grants will now be distributed through two main channels: a wishlist outlining focus areas set by the Foundation and requests for proposals (RFPs), targeting specific needs within the Ethereum ecosystem. The previous open grants program, which was paused earlier this year, stretched the Foundation’s resources, it said. The new model will take a more selective approach by coordinating with internal teams to direct funds toward defined ecosystem priorities.…

Real estate tokenization specialist Propy laid out plans for a $100 million expansion to acquire mid-size property title firms across the U.S., aiming to streamline an industry that still relies heavily on manual processes with blockchain rails and artificial intelligence (AI). “In the next 12 months, we’ll acquire regional title companies across the country,” Propy CEO Natalia Karayaneva told Coindesk in an interview. “This will allow us to get to a billion dollar valuation as a tech company.” To raise funds for the rollups, Propy has tapped a mix of traditional and onchain lenders, including from decentralized finance (DeFi) credit…

Kalshi has just fended off a legal challenge from three California tribes, allowing the prediction market platform to continue offering sports-event contracts. Summary A federal judge has denied a preliminary injunction sought by three tribes, allowing KalshiEX LLC to continue offering sports-event contracts on tribal lands. Kalshi has recently filed a federal lawsuit against New York regulators after a cease-and-desist order, asserting that its contracts fall under federal CFTC oversight rather than state gambling law. Despite legal pressures in multiple states, Kalshi continues to attract significant VC capital. Its valuations are now estimated between $10 billion and $12 billion. Kalshi…

Summary Ethereum price trades near $3,604, up 1.2% on the day amid renewed network activity. Stablecoin transfer volume on Ethereum just hit a record $2.82 trillion, signaling resurgent on-chain demand. Can this spike in utility fuel ETH’s next leg higher toward $4,000–$4,200? Ethereum (ETH) is holding firm around $3,604 as on-chain data shows the network processing a record $2.82 trillion in stablecoin volume this month. The surge underscores Ethereum’s dominant position as the settlement layer of choice for digital dollars, and could be a leading indicator of stronger demand for ETH itself. The milestone comes amid a broader pickup in…

The Left Party and Alliance 90/The Greens want to abolish the tax-free holding period for Bitcoin, according to a report by a local media outlet. These parties argue that huge profits are being generated with the help of crypto (roughly €47 billion in 2024 alone), but much of it is untaxed due to the rule. Tax-free profits In Germany, cryptocurrency assets of the likes of Bitcoin and Ethereum are treated as private assets (similar to collectibles). If one sells crypto within a year, any profit you make is considered taxable income. However, if one holds crypto for more than a…

Key Notes Bitmine purchased 82,353 ETH on Nov 3, raising total holdings to 3.4 million ETH valued at $14.2 billion. Ethereum dropped to $3,566 following a $120 million Balancer exploit before rebounding to $3,620 amid oversold conditions. Death cross formed as 50-day MA crossed below 200-day MA, signaling potential downtrend unless bulls reclaim $3,750. On Nov. 3, Tom Lee-led Ethereum treasury firm Bitmine announced a new purchase of 82,353 ETH, expanding its total Ethereum holdings to 3.4 million ETH, valued at $14.2 billion. According to the company’s press release, the firm raised its cash reserves to $389 million, up from…

UK inflation remains stubbornly high at 3.8%, keeping the Bank of England cautious on interest rate cuts. What does it mean for crypto? Summary UK inflation holds at 3.8% in September, well above the BoE’s 2% target, keeping rate cut expectations on hold. Global factors, including U.S. inflation, a government shutdown, and supply chain disruptions, add to market uncertainty. In this economic environment, Bitcoin may see safe-haven inflows, while smaller altcoins remain vulnerable to sudden sell-offs. UK inflation holds steady at 3.8% amid mixed price trends The latest data from the Office for National Statistics shows that the UK’s annual…

An analyst has charted out a “dream scenario” path that Ethereum could follow, based on a technical analysis (TA) pattern in its 3-day price. Parallel Channel Could Chart Out What’s Next For Ethereum In a new post on X, analyst Ali Martinez has talked about a dream trajectory that Ethereum could follow with respect to a Parallel Channel. The “Parallel Channel” here refers to a TA pattern that forms whenever an asset’s price trades between two parallel trendlines. The upper line of the pattern is assumed to be a source of resistance, so tops can be likely to occur during…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. New US crypto ETF launches remain on pause given the ongoing government shutdown. This just means there’s more time to make sense of what the upcoming product wave will look like — and how the world’s largest asset manager will (or won’t) participate. Being on the Digital Asset Summit stage in London last week with BlackRock’s Matt Kunke and 21Shares’ Mandy Chiu gave me a unique chance to explore the different product development approaches of a TradFi incumbent and a crypto-centric firm. With the SEC offering…