Author: NBTC

KGeN, the protocol building a Verified Distribution Network for AI, DeFi, gaming, and consumer applications, has raised $13.5 million in a new strategic funding round. In a statement to BeInCrypto, the firm said the raise, backed by Jump Crypto, Accel, and Prosus Ventures, brings KGeN’s total funding to $43.5 million. KGeN Fuels Global Expansion with Fresh Funding The latest investment follows a $20 million seed round in January 2023 and a $10 million ecosystem round in 2024. The funding will accelerate the global expansion of KGeN’s distribution, commerce, and loyalty infrastructure, now active in over 60 countries. At the core…

Decentralized crypto trading platforms MetaMask and Infinex are now offering perpetual futures through integrations with Hyperliquid, competing with their centralized counterparts in the booming crypto perps market. MetaMask’s integration with Hyperliquid went live on Wednesday, allowing users to access Hyperliquid’s decentralized perpetual swaps exchange directly through MetaMask’s wallet. MetaMask stated that the “major milestone” brings it one step closer to becoming an all-in-one, self-custodial trading platform, as it seeks to capture market share from centralized exchanges that have dominated the crypto perpetuals market. “By embedding the Hyperliquid engine directly into our wallet and optimizing it for mobile, we’re [offering] a…

XION, a consumer-centric layer-1 blockchain built for mass onboarding, has integrated with Fireblocks, a leading digital-asset custodian, to bring XION’s walletless experience to more than 2,400 financial institutions. Summary Fireblocks has added native support for XION. Integration paves the way for over 2,400 institutions to adopt the consumer-centric blockchain. Solana, Avalanche and Sui are among blockchain networks tapping into the digital asset custody solution. Fireblocks has added support for XION, with native availability of the walletless, gasless layer-1 set to be accessible to thousands of institutions. Why Fireblocks matters The crypto ecosystem continues to attract huge attention from banks and…

Bitwise CIO says Tether could become the most profitable company in history, potentially surpassing Saudi Aramco. USDT adoption exceeds 400 million users, with Tether holding massive U.S. Treasury and Bitcoin reserves. Tether’s growth highlights crypto’s potential in trillion-dollar markets and the need for diversified investment strategies. Tether’s rapid growth is putting it on a path that could rival the world’s biggest companies, according to Bitwise CIO Matt Hougan. Its reach spans hundreds of millions of users, massive treasury holdings, and growing Bitcoin reserves. Could it one day rival even Saudi Aramco’s record profits? Let’s explore. Tether’s Billion-Dollar Path In a…

MetaMask, the popular crypto wallet developed by Consensys, is moving deeper into crypto trading and speculation, adding perpetual swaps trading and announcing plans to add Polymarket prediction markets to its platform. The firm said on Wednesday the Polymarket integration will come later this year as part of an exclusive partnership, allowing users in approved regions to access onchain prediction markets directly in its app. Users will be able to bet on real-world outcomes from elections to crypto price movements without giving up custody of their assets. Alongside the Polymarket plans, MetaMask also rolled out perpetual futures trading within its app…

The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of Job Openings in August, alongside the number of layoffs and quits. Markets expect Job Openings in August to decline slightly to 7.1 million compared to the previous month’s reading of 7.181 million. JOLTS data is scrutinized by market participants and Federal Reserve (Fed) policymakers because it can provide valuable insights into the supply-demand dynamics in the labor market, a key factor impacting salaries and inflation.…

Coinbase announced Wednesday it has begun offering crypto staking services in New York, after years of carving the state out of its lucrative yield programs due to regulators’ objections. New Yorkers can now earn yield by staking deposits of Ethereum, Solana, Cosmos, Cardano, Avalanche, Polygona, and Polkadot on Coinbase. The most high-paying of those programs offers an estimated APY of over 16% on staked Cosmos. The company’s Ethereum staking program, by far its most popular, earns an estimated annual yield of 1.9%.  “Thanks to Governor Hochul’s leadership in embracing progress and providing clarity, this milestone marks a meaningful step forward…

Ethereum co-founder Vitalik Buterin has called for the use of zero-knowledge (ZK) cryptography to enable secret-ballot voting in governance and judicial systems. He said anonymity can help protect judges and lawmakers from retaliation. His comments came after a tense case in South Carolina. Circuit Court Judge Diane Goodstein’s house burned down following weeks of threats linked to her election-related ruling. The incident reignited debate over public safety and judicial independence. Vitalik Calls for Secret Governance Voting Buterin argued that “in an era of easy physical retaliation,” anonymity should extend to judges, lawmakers, and international bodies such as the UN General…

A new slew of crypto ETFs could be just around the corner. “I could be wrong, but my guess is you can talk to your family about multiple crypto ETPs at Thanksgiving. Maybe at Halloween. I don’t think you’re gonna have to wait till Christmas,” Bitwise Chief Investment Officer Matt Hougan told Blockworks. Bloomberg Intelligence research analyst James Seyffart said he expects that “dozens of products” will be launched “probably within the next month or two,” and definitely by the end of the year. However, the approval process could take longer if there’s a government shutdown, as Hougan noted that…

Cryptocurrency exchange Binance has released its 35th Proof of Reserves report, based on a snapshot dated October 1. According to the report, while user balances decreased compared to the previous month, the exchange maintained its asset ratio above 100%. According to Binance data, users’ Bitcoin (BTC) holdings decreased by 2.67% compared to the previous report, falling to 591,000 BTC. This represents a decrease of approximately 16,200 BTC. Ethereum (ETH) balances also decreased by 4.78%, falling to 4.13 million ETH. Users’ Tether (USDT) holdings decreased by 3.10%, reaching 30.28 billion USDT. The exchange’s reserve ratios remained above 100% across all major…