Author: NBTC

One of the best traders in Hyperliquid, a blockchain that is designed to facilitate high-speed financial transactions, has gone on to open a huge short against Ethereum (ETH). The trader recently added another fresh 15000 short at 4536.30 making the total short exposure 62.19 million according to Whale Watch Perps on X. Their average entry price in all their positions stands at 4569.12. Why It Matters Ether is currently around 4,530, and is valued at above half a trillion. It has gained a relative stability since its recent upgrades including EIP-1559 that has been burning over 2.3 million ETH since…

Michigan-based mortgage lender LitFinancial on Wednesday debuted its U.S. dollar stablecoin, dubbed litUSD, on the Ethereum blockchain as the digital dollar movement is expanding beyond crypto natives. The firm said it plans to use the token to cut funding costs and improve treasury management operations, while also exploring on-chain settlement of mortgage payments. That shift could allow loan performance to be tracked publicly, potentially reshaping liquidity in the secondary mortgage market. Stablecoins, cryptocurrencies with prices anchored to fiat money like the U.S. dollar, are quickly growing in popularity as an alternative for payments, promising faster, cheaper transactions using blockchain rails.…

In a pivotal development for the U.S. financial markets, the Securities and Exchange Commission (SEC) has approved rule changes by three national securities exchanges, Nasdaq, NYSE Arca, and Cboe BZX. These changes introduce generic listing standards for Commodity-Based Trust Shares, including those backed by spot digital assets. This move marks a shift in the regulatory approach toward exchange-traded funds (ETFs) that hold physical commodities, particularly cryptocurrencies. The approval enables qualified products to be listed and traded without needing a separate rule change filing under Section 19(b) of the Exchange Act, potentially shortening timelines for product approvals. Exchanges Allowed to List…

GCEX Group has acquired GlobalBlock, a crypto brokerage specializing in wealthy clients with more than $60 million in assets under management. The deal pushes GCEX beyond its core over-the-counter trading business into wealth management services for high-net-worth individuals. GlobalBlock’s client base adds to GCEX’s existing institutional trading platform, which already serves professional traders across multiple jurisdictions. GCEX operates under licenses from the UK’s Financial Conduct Authority, Denmark’s Financial Supervisory Authority, and Dubai’s Virtual Assets Regulatory Authority. The company plans to use these regulatory approvals to speed up client onboarding for GlobalBlock’s wealth management customers. Firms Combine Technology Platforms GlobalBlock brings…

Ethereum (ETH) founder, Vitalik Buterin, has shared his views on the ongoing debate about how to reduce the blockchain’s bloated data storage. Buterin’s view came as a response to support for a thread on X supporting state expiry. Vitalik Buterin Rejects Expiry, Proposes Partial Node Solution For context, ‘Ethereum’s state’ refers to all the data needed to keep track of account balances, token ownership, smart contract storage, and the rest. Over the years, the state has grown with the creation of more accounts and contracts. The amount of resources required to maintain the state continues to soar, and it is…

While the FED has been pausing interest rate cuts since January, a rate cut is now considered inevitable. At this point, it seems certain that the FED will not cut interest rates at next week’s meeting. While it is unlikely that interest rates will remain unchanged, a 25 basis point cut by the FED is priced at 88.1 percent, and a 50 basis point cut is priced at 11.9 percent. While the Fed is expected to continue cutting interest rates from now on, Wells Fargo predicted that the Fed will cut interest rates five times by June 2026. Wells Fargo…

The Georgia Senate race is already one of the most closely watched contests amid the upcoming midterms. Democrat incumbent Jon Ossoff has begun to defend his seat tooth and nail as crypto financing money starts pouring into rival Republican Mike Collins’ campaign. Despite the primary elections being eight months away, Collins’s Senate PAC has already raised nearly $746,000. Prominent contributors include the Winklevoss twins, Elon Musk, SpaceX, and the American Israel Public Affairs Committee (AIPAC). A Tale of Two Campaigns Similar to the last federal election cycle, crypto political action committees (PACs) are already noting which candidates support their agenda.…

Key Takeaways Robinhood is adding WLFI, a deflationary token from Trump-backed World Liberty Financial, to its US trading platform. WLFI is designed to bridge traditional and decentralized finance, trading at $0.2 with a $5.4 billion market cap despite a 37% price drop since launch. Robinhood is listing the WLFI token on its US trading platform. WLFI is the deflationary token from World Liberty Financial, a Trump-backed DeFi project that aims to bridge traditional finance with decentralized finance. The token currently trades at around $0.2 with a market cap of $5.4 billion. WLFI’s price has declined about 37% since launch. World…

Dogelon Mars launches new metaverse features including Stripe purchases, sandbox mode, AI building tools, and Rufus Chain support for $ELON token. Dogelon Mars, the memecoin-driven project behind the $ELON token, released a set of updates to its Mars metaverse, known as Dogelon: Land on Mars. The updates, announced in late September, include Stripe integration for credit and debit purchases, a private sandbox mode for building, a new in-game notification system, and simplified plot acquisition. These changes aim to enhance usability and encourage active participation in the metaverse. Stripe Integration for Easier Credit Purchases Dogelon: Land on Mars now allows users…

Ethereum founder Vitalik Buterin has waded into the debate about the pricing of tickets and how non-fungible tokens (NFTs) can bridge the gap. Buterin’s statement comes as a reaction to comments made by the CEO of Live Nation-Ticketmaster that concert tickets are “underpriced.” Vitalik Buterin suggests NFTs can replace ticketing According to Buterin, tickets for these concerts or any event are usually stressful to obtain, as people stay up until 3:00 a.m. just waiting to snap up a slot. He noted that this happens as a result of the gap between demand and supply. To address this, the Ethereum founder…