Author: NBTC

As the federal government shutdown in the United States enters its 35th day, the deadlock in Congress is increasing tensions in the economy and financial markets. The shutdown is expected to extend to a 36th day due to a lack of agreement between Democrats and Republicans, surpassing the 35-day record set during Donald Trump’s 2018-2019 term. Republicans are proposing a short-term budget extension (CR) for fiscal year 2025. This bill aims to give a permanent budget deal until November 2026. While Republicans argue the subsidies are “no longer necessary,” Senate Majority Leader John Thune and House Speaker Mike Johnson said…

WhiteBIT entered the Kazakhstan market as part of its mission to offer fully regulated crypto services. The European cryptocurrency exchange is expanding its trading infrastructure according to local markets. WhiteBIT is offering localized services for the Kazakhstan market as part of its global expansion. One of the biggest European exchanges by volume, WhiteBIT aims for solid, fully regulated access based on local requirements. Kazakhstan is an emerging crypto hub, although the country has struggled to establish a legal crypto regime. As Cryptopolitan reported, the country’s government recently shut down as many as 130 unregulated exchanges. WhiteBIT aims to position itself…

Ethereum (ETH/USD) is showing renewed stability after weeks of downward pressure, signaling potential recovery momentum in the broader crypto market. The asset found a temporary base near the $3,320–$3,350 region, where buyers stepped in to defend key technical levels. This stabilization coincides with increasing participation in Ethereum futures, suggesting renewed investor engagement despite ongoing volatility. Price Structure and Key Technical Levels On the 4-hour chart, Ethereum is consolidating above a critical support zone near $3,382, with a secondary cushion at $3,320. Holding above these levels is crucial to maintain short-term structure. ETH Price Dynamics (Source: TradingView) The first resistance level…

Antony Welfare, a former executive at Ripple Labs, recently sent a bullish warning to crypto skeptics, often referred to as bears. Welfare predicted an inevitable flood of capital into crypto once the Federal Reserve begins cutting interest rates. Why crypto bears are wrong Welfare highlighted that cryptocurrencies leadrisk assets in rate-cut environments. His perspective is based on historical patterns, where investors move trillions in safe, high-yield assets when interest rates are high. Notably, $7.4 trillion is currently sitting in money market funds (MMFs). Investors are parked here because high rates make it a no-brainer, with guaranteed returns with zero risk.…

The U.S. Treasury has imposed fresh sanctions on a group of North Korean bankers and institutions accused of laundering millions in cryptocurrency tied to cyberattacks and illicit IT work schemes that help fund Pyongyang’s weapons programs. The Office of Foreign Assets Control (OFAC) said Tuesday that eight individuals and two entities were designated for “laundering funds derived from cybercrime and information technology worker fraud,” including proceeds linked to ransomware and crypto thefts. “North Korean state-sponsored hackers steal and launder money to fund the regime’s nuclear weapons program,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence John K.…

Binance CEO Richard Teng has broken his silence for the first time since Changpeng “CZ” Zhao was pardoned by President Donald Trump. Teng said the company is focused on rebuilding trust and moving forward as clearer rules begin to take shape for the crypto industry. Richard Teng spotlights major Binance progress In an interview with CNBC, Teng said Binance has learned from past mistakes and is now more focused on compliance. The crypto trading platform has recorded major milestones, including the x402 integration, lending credence to its compliance. He noted that the firm’s efforts to follow regulations have improved confidence…

This Tuesday hit like a freight train for anyone who bought gold this year, thinking it was some magic shield, when prices saw their biggest single-day drop in 12 years, Cryptopolitan reported. It was a brutal reality check for investors hoping gold would instantly save them when markets went south. But the crash doesn’t cancel out the bigger reasons people are hoarding gold. History shows that every time stocks tank (say, by 15% or more), gold usually drops first too, and this has happened six times before. But here’s the catch: by the time the S&P hits bottom, gold ends…

With 19 years remaining for Sam “SBF” Bankman-Fried in prison, the former FTX CEO’s legal team will present arguments in the appellate court as to why a panel of judges should consider overturning his conviction or sentence. On Tuesday, the US Court of Appeals for the Second Circuit will hear oral arguments from SBF’s lawyers. Though the details of the appeal were unclear at the time of publication, the former FTX CEO’s legal team said in its initial appeals filing from September 2024 that it intended to argue SBF was “never presumed innocent,” claiming that it was not allowed to…

Crypto.com and Hollywood.com announced a partnership to launch entertainment-focused prediction markets. Event contracts will be offered by Crypto.com | Derivatives North America, a CFTC-registered exchange and clearinghouse, to Hollywood.com users. Join IG, CMC, and Robinhood in London’s leading trading industry event! Crypto.com recently secured full CFTC derivatives licenses for its U.S. affiliate, allowing it to operate as a designated contract market and clearinghouse and offer regulated event contracts to U.S. retail participants. The latest partnership provides entertainment fans with a federally compliant way to access event contracts and make predictions about movies, shows, actors, awards, and other entertainment topics. [#highlighted-links#]…

In a notice to Ethereum node operators, the ETH advisor and angel investor who goes by Sassal.eth on X makes it known that the default gas limit has been set to 60mil in Fusaka release clients, urging node operators who have previously set their gas limit to effect this change. “The default gas limit has been set to 60mil in Fusaka release clients but if you have manually set your gas limit previously then you’ll need to change it to 60mil (or remove the manual change),” Sassal.eth wrote. The notice comes as the countdown to Fusaka mainnet upgrade begins after…