Author: NBTC

It seems like the legal tide might be turning against prediction market companies in the fight against state regulators in the United States, with a Nevada federal judge denying Crypto.com’s request for relief last Thursday. Crypto.com, like current market leader Kalshi before it, had preemptively sued the Nevada Gaming Control Board in June, seeking a preliminary injunction that would block any attempt by the gaming control board to impose its own regulations on the company or block it from opening its prediction markets to state residents.  Like Kalshi, Crypto.com argued exclusive regulation by the Commodities Futures Trading Commission protects…

TRON, a renowned blockchain ecosystem, has partnered with SunPrep, a TRON-based decentralized perpetual exchange, and HTX, a leading crypto exchange. The partnership aims to deliver support to robust blockchain projects via strategic investments, liquidity enhancement, and token buyouts. On his official social media account, Justin Sun, the founder of TRON, disclosed the development, stressing the significance of unity to advance the crypto sector. Hence, the initiative is anticipated to bolster the wider development and robustness of the overall Web3 ecosystem. Unity is the most important thing in the crypto space. TRON plans to collaborate with @HTX_Global and @SunPerp_DEX to support…

Global asset management giant BlackRock has made a decisive move into the Ethereum market, purchasing $148.9 million worth of ETH. This investment marks one of the firm’s largest direct entries into the world’s second-biggest cryptocurrency.The notice has sent shockwaves across the digital asset space, fueling hope that institutional investors are returning to Ethereum. Ethereum has recently reclaimed a place as the number one protocol for decentralized applications and smart contracts. BlackRock’s bold purchase demonstrates the increasing institutional interest in Ethereum as a digital asset and infrastructure long-term bet. Analysts regard this as a distinct sign of confidence in this network…

The world of Digital Asset Treasury (DATs) has entered a new era, after Strive (ASST) announced an all-stock deal to acquire Semler Scientific (SMLR) this week. The deal marked the first merger of two publicly traded bitcoin treasuries, and according to a Wall Street banker familiar with the situation, this is just the start of a massive consolidation wave among the DATs. The banker, who opted to remain anonymous, outlined three scenarios for how DATS may evolve. Mergers to add more BTC The first of the three paths is the DAT-to-DAT mergers. Strive’s acquisition of Semler is the first clear…

A poll of 800 digital asset investors found that more than half consider a political candidate’s stance on crypto important in their voting decisions. While the investor base leaned slightly higher in Democratic registration, their voting behavior is fluid. A majority of the responders are currently planning to back Republicans on the generic congressional ballot. Crypto Vote Tilts GOP Politicians’ stance on crypto is gearing up to be critical to their success ahead of the upcoming US midterm elections. A recent poll by consulting firm McLaughlin & Associates, in partnership with American advocacy group The Digital Chamber, measured the voting…

Ethereum (ETH) cofounder Vitalik Buterin has reacted to Kohaku’s roadmap, describing it as a move toward stronger privacy and security. Buterin’s reaction came in a post on X, where he noted that providing full-stack privacy and security remains the blockchain’s top priorities. Vitalik Buterin endorses Kohaku’s zk-based privacy vision Notably, Kohaku, which is forked from Ambire, is more robust, as it integrates protocols like Railgun for zk-based privacy. The goal is to solve on-chain transparency risks and promote collaborations with wallet teams. Buterin maintains that Ethereum is focused on end-to-end solutions that will protect users’ data. This will make transactions…

Traders have practically written in pen a quarter-point cut, daring the U.S. Federal Reserve to prove them wrong at October’s meeting ahead. Quarter-Point Trim Leads the Board for October’s Fed Decision CME’s Fedwatch tool puts numbers to the hunch: with the target currently at 4.00% to 4.25%, the Oct. 29 path most favored is a trim to 3.75% to 4.00%, priced at 87.7%. Holding steady at 4.00% to 4.25% sits at 12.3%. Translation: CME futures odds overwhelmingly favor a 25-basis-point cut during the next Federal Open Market Committee (FOMC) gathering. The Fedwatch chart’s two blue bars tell the story at…

As the partial federal government shutdown in the United States enters its ninth day as of October 9th, the future of cryptocurrency policies remains uncertain. However, according to sources in Washington, despite the budget not being approved, momentum for crypto regulation hasn’t completely faded. While the House of Representatives is in recess due to the shutdown, the Senate is keeping crypto market regulations on the agenda alongside budget discussions. The Senate Banking Committee is determined to advance cryptocurrency market regulation even during the government shutdown, according to two sources familiar with the matter. Committee leadership is reportedly aiming for a…

ETH price has formed a highly bullish continuation pattern, a confirmed breakout above which could potentially push the token to a new all-time high in the coming months. Summary ETH price is down roughly 9% after failing to breach the $4,700 resistance earlier this week. A multi-month bull flag pattern has formed on the weekly chart. According to data from crypto.news, Ethereum (ETH) price fell 4% to an intraday low of $4,329 on Oct. 9 afternoon Asian time after bulls failed to breach the $4,600 resistance level late last night. At its current price, the token is down approximately 9%…

Sam Altman, chief executive of OpenAI, met UAE President Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi on Saturday, according to the UAE state news agency. The talks between Sam and Mohammed centered on building stronger cooperation between OpenAI and organizations in the Emirates. Officials reported that both men focused on artificial intelligence research and practical applications inside the country. Mohammed said: “This cooperation aligns with the UAE’s ambition to establish an integrated AI ecosystem, supporting the country’s development plans and its drive to build a knowledge-based economy.” The UAE has been spending billions of dollars to become a…