Author: NBTC

Polymarket is leveraging fantasy sports leader PrizePicks’ user base and regulatory standing as its gateway to re-entering the U.S. market. Summary Polymarket has partnered with fantasy sports leader PrizePicks to re-enter the U.S. market through a regulated framework. The platform will also work with DraftKings, positioning itself as core infrastructure for prediction markets. According to a prepared statement on Nov. 11, PrizePicks will integrate Polymarket’s event contracts into its own platform, offering its users access to a new class of predictions on sports, entertainment, and cultural events. The deal comes as Polymarket, long viewed as a bellwether for prediction trading,…

A Chinese cryptocurrency entrepreneur in Inner Mongolia has reportedly lost millions after nearly 200 stray cats looking for warmth radiating from mining video cards spoiled equipment in his workshop. According to the StoryTime page on Facebook, the cats were found snuggling inside a private mining facility in the Inner Mongolia Autonomous Region. Employees told reporters that the stray cats appeared near the facility during the cold season in early October, looking for shelter and heat from the running mining machines. Within weeks, the number of cats had multiplied to around 200, transforming the crypto mining centre into an unintended feline…

Phantom Wallet CEO Brandon Millman recently shared on the Empire Podcast that the company has no plans to launch its own blockchain or pursue an IPO. Instead, Phantom will stay focused on the Solana ecosystem and continue building user-friendly products for everyday crypto users. On the Empire podcast, Phantom Wallet CEO Brandon Millman said the company has no plans to launch its own blockchain or pursue an IPO, focusing instead on the Solana ecosystem and user-facing products. While Phantom has IPO potential, he said the company prefers to expand through… — Wu Blockchain (@WuBlockchain) November 12, 2025 Committed to Solana…

Shares of Galaxy Digital (GLXY) are ahead 2% on Tuesday after the crypto-focused financial firm beat third quarter revenue expectations by a wide margin and confirmed major progress on its Helios data center project. Led by CEO Mike Novogratz, the company reported $29 billion in revenue, nearly doubling analyst forecasts of $16 billion. Galaxy credited its trading business and growth in digital asset valuations for the outperformance. The company also announced that CoreWeave (CRWV), a cloud infrastructure firm focused on AI workloads, has committed to the full 800-megawatt capacity at Galaxy’s Helios data center in Texas. With this commitment and…

Samourai Wallet cofounder Keonne Rodriguez received the maximum sentence this week of five years in prison for writing code. As a developer sits in a jail cell for building privacy tools, many in the Bitcoin community, including Max Keiser, are pushing for a full pardon. Crypto crackdown: Beyond campaign promises Donald Trump vowed during his campaign to put an end to the crackdown on crypto. To a certain extent, he’s been true to his word. Since he’s been in office, he’s pardoned Silk Road founder Ross Ulbricht, Binance’s founder Changpeng “CZ” Zhao, and issued a flurry of executive orders, such…

Tokenization is rapidly reshaping global finance into a nonstop ecosystem, as digital assets and programmable money drive trillions in traditional markets toward 24/7 trading, seamless tokenized credit, and continuous cross-border liquidity that redefines global capital access. Tokenization Drives Shift Toward 24/7 Global Markets Digital asset innovation is accelerating a shift toward uninterrupted global finance. Robinhood Markets Inc. (Nasdaq: HOOD) Chief Executive Officer Vlad Tenev stated on Nov. 10 that tokenization will enable 24/7 trading, removing the traditional limitations of stock market hours. He shared the vision on social media platform X, emphasizing the inevitability of continuous access. The Robinhood executive…

A fire in Massillon, Ohio affected two buildings belonging to publicly traded Bitcoin miner Bitdeer, the firm announced.  The Tuesday fire was extinguished shortly after the local fire department was dispatched, and no injuries were reported.  “Earlier yesterday afternoon at around 2pm, on Tuesday, Nov 11, Bitdeer’s Massillon site sustained a fire that affected 2 buildings within the facility,” the firm posted on X. “The facility is under construction and site management is investigating to determine the cause of the fire and extent of the damage.” Earlier yesterday afternoon at around 2pm, on Tuesday, Nov 11, Bitdeer’s Massillon site sustained…

Your foundation describes Session as “designed to protect privacy, robustness through decentralization, and choice through interoperability.” Can you walk us through the core architectural decisions that make Session resilient to government blocks and centralized outages? Session is built from the ground up to avoid single points of failure. Rather than sending messages through a single server, traffic moves across a community-run network of thousands of independent nodes, so there is no centralized “pot” of messages which can be monitored or breached. Nodes only hold messages temporarily while a user is offline. Content is protected with end-to-end encryption, so even when…

U.S. Federal Reserve Gov. Christopher Waller kicked off the central bank’s first payments-innovation conference by vowing the Fed will embrace the crypto sector’s innovations and saying he’s asked staff to explore a lighter version of the so-called “master accounts” that give financial firms access to U.S. payment rails. “My view from the Fed from now on is embrace the disruption, don’t avoid it,” Waller said to open the Tuesday event. “The Fed intends to be an active part of that revolution.” Waller, who is one of the governors on the seven-member Fed board, is reportedly among President Donald Trump’s potential…

This week saw the Second Circuit Court of Appeals hear arguments in Sam Bankman-Fried’s appeal of his criminal conviction. The three-judge panel appeared very skeptical of his attorney’s arguments. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative FTX founder Sam Bankman-Fried’s appeal was always going to be an uphill journey. Senior Judge Lewis Kaplan, the Southern District of New York jurist who oversaw the trial, is generally well-respected and the bar for securing a new trial is high. Why it matters Short…