Author: NBTC

Former football star Trent Merin has hit back at the police after he was arrested in an alleged case of stealing $91,000 in crypto from his teammate. Merrin was arrested and charged with dishonestly obtaining a financial advantage by deception after officers began an investigation into the complaint late last year. The police alleged that the former Penrith Panthers and St George Illawarra Dragons Star stole $91,000 in crypto from his former teammate Kade Ellis, according to reports. Now, Merin and his lawyer, Paul McGirr, have hit back at the allegations. According to Merrin, he had paid the former teammate…

Chinese decentralized contract exchange, Sun Wukong, launches its proof-of-reserves page which contains the platform’s current stablecoin reserves standing at $64.14 million. Summary Sun Wukong unveils its proof-of-reserves page with a 100% stablecoin reserve ratio, with nearly all of its $64.14 million reserves held in USDT. Since it was launched in October, the Chinese DEX has reached nearly $5 billion in total trading volume with an active user base of more than 58,000. According to the Chinese platform’s main website, its stablecoin reserve ratio currently stands at 100%. The page allows traders to view real-time updates on its asset reserve status.…

Economists are nearly unanimous in predicting a 25-basis-point Fed rate cut at the October 28–29 meeting. Key employment and inflation data have been delayed due to the U.S. government shutdown, complicating Fed decisions. The Federal Reserve is widely expected to cut rates in the upcoming meetings. Markets are watching closely as these moves could ripple through everything from loans to savings and even shake up the crypto markets. Economists Forecast Two More Fed Rate Cuts This Year According to a Reuters poll of economists, the Federal Reserve will reduce its key interest rate twice before the end of the year,…

According to Eli Cohen, Centrifuge’s chief legal officer, the crypto industry should take note of Democratic Socialist Zohran Mamdani victory in New York City’s mayoral election. The crypto industry, after all, needs democrats, Cohen says. Summary Recent local elections show a need for bipartisanship in crypto regulation There’s a risk of a future Democratic administration reversing everything Republicans say that Trump won’t sign a bill that could implicate him in insider trading Progressive Senators like Elisabeth Warren are pushing for transparency and investor protection Retail investors want freedom, until there’s a rug pull The results of recent gubernatorial elections are…

Nvidia (NASDAQ: NVDA) is somewhat struggling to maintain a firm footing on Tuesday, October 21. Namely, the chipmaker’s market share in China plummeted to zero last week, as Beijing and Washington squeezed the company from both sides amid the ongoing tariff wars. “We’re 100% out of China. From 95% market share to 0%. Whatever policy did that, it made America lose one of the world’s biggest markets,” said CEO Jensen Huang in a recent interview. As a result, NVDA stock was trading at $182.42 at the time of writing, down 1.29% on the five-day chart. Despite the disruptions in the…

The U.S. Congress has long been trying to grant the Commodity Futures Trading Commission more direct authority over crypto spot markets, but the agency is forging ahead without it, and interim chief Caroline Pham is in talks with regulated exchanges to launch spot crypto products as soon as next month, according to people with direct knowledge of the plans. Even during the federal government shutdown that’s otherwise delaying crypto policy efforts in Washington, the people said that Acting Chairman Pham has been meeting personally with multiple financial platforms interested in listing spot crypto contracts. The CFTC is also weighing some…

Japan’s Financial Services Agency backs a PIP stablecoin experiment with multiple banks. Japan’s Financial Services Agency (FSA) announces support for the Payment Innovation Project (PIP) stablecoin experiment beginning November 2025 in Japan, involving Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi Corporation, Mitsubishi UFJ Trust and Progmat, Inc.; the FinTech Proof-of-Concept Hub launched PIP on Nov. 7, 2025. The experiment tests joint issuance of so-called stablecoins (electronic means of payment) to verify lawful and appropriate regulatory and operational responses. The FSA will publish experiment results and conclusions on its website after completion, covering compliance, supervisory responses and legal-interpretation issues…

The Dow Jones Industrial Average rose 190 points as U.S. stocks looked set to inch higher amid robust earnings reports from Coca-Cola and GM. Summary Stocks were largely subdued despite GM, Coca-Cola continuing wave of positive earnings reports. Dow Jones gained 190 points but both S&P 500 and Nasdaq Composite were little changed. Wall Street remains bullish amid focus on tariffs, interest rates and earnings season. U.S. stocks were largely unchanged, but the Dow Jones Industrial Average showed a positive outlook with gains of 190 points. Meanwhile, the S&P 500 and Nasdaq Composite both hovered near the flatline, with the…

South Korea said it is close to finalizing its long-awaited stablecoin legislation, as the central bank and financial regulator jostle over who should police digital tokens pegged to the won. The Financial Services Commission (FSC) plans to submit a government sponsored bill by the end of 2025. It will join five other competing stablecoin bills under review in the National Assembly which have been submitted by individual lawmakers. Meanwhile, the Bank of Korea (BOK), which released a stablecoin whitepaper on October 27, stressed that “currency functions on trust rather than technology,” and is also seeking a role in licensing and…

GLXY’s stock price popped 10% and hit a record high after the company published strong earnings, and optimism around its artificial intelligence business grew. Summary GLXY stock jumped to a record high after publishing strong earnings. Its markets income and assets under management soared. Technical analysis suggests that the Galaxy stock price has more upside. Galaxy Digital soared to a high of $44.3, up 420% from its lowest level in April. This growth has brought its market cap to over $15 billion. GLXY stock jumped after its earnings showed that its business was growing across the board. Its net income…