Author: NBTC

Kalshi has just fended off a legal challenge from three California tribes, allowing the prediction market platform to continue offering sports-event contracts. Summary A federal judge has denied a preliminary injunction sought by three tribes, allowing KalshiEX LLC to continue offering sports-event contracts on tribal lands. Kalshi has recently filed a federal lawsuit against New York regulators after a cease-and-desist order, asserting that its contracts fall under federal CFTC oversight rather than state gambling law. Despite legal pressures in multiple states, Kalshi continues to attract significant VC capital. Its valuations are now estimated between $10 billion and $12 billion. Kalshi…

Summary Ethereum price trades near $3,604, up 1.2% on the day amid renewed network activity. Stablecoin transfer volume on Ethereum just hit a record $2.82 trillion, signaling resurgent on-chain demand. Can this spike in utility fuel ETH’s next leg higher toward $4,000–$4,200? Ethereum (ETH) is holding firm around $3,604 as on-chain data shows the network processing a record $2.82 trillion in stablecoin volume this month. The surge underscores Ethereum’s dominant position as the settlement layer of choice for digital dollars, and could be a leading indicator of stronger demand for ETH itself. The milestone comes amid a broader pickup in…

The Left Party and Alliance 90/The Greens want to abolish the tax-free holding period for Bitcoin, according to a report by a local media outlet. These parties argue that huge profits are being generated with the help of crypto (roughly €47 billion in 2024 alone), but much of it is untaxed due to the rule. Tax-free profits In Germany, cryptocurrency assets of the likes of Bitcoin and Ethereum are treated as private assets (similar to collectibles). If one sells crypto within a year, any profit you make is considered taxable income. However, if one holds crypto for more than a…

Key Notes Bitmine purchased 82,353 ETH on Nov 3, raising total holdings to 3.4 million ETH valued at $14.2 billion. Ethereum dropped to $3,566 following a $120 million Balancer exploit before rebounding to $3,620 amid oversold conditions. Death cross formed as 50-day MA crossed below 200-day MA, signaling potential downtrend unless bulls reclaim $3,750. On Nov. 3, Tom Lee-led Ethereum treasury firm Bitmine announced a new purchase of 82,353 ETH, expanding its total Ethereum holdings to 3.4 million ETH, valued at $14.2 billion. According to the company’s press release, the firm raised its cash reserves to $389 million, up from…

UK inflation remains stubbornly high at 3.8%, keeping the Bank of England cautious on interest rate cuts. What does it mean for crypto? Summary UK inflation holds at 3.8% in September, well above the BoE’s 2% target, keeping rate cut expectations on hold. Global factors, including U.S. inflation, a government shutdown, and supply chain disruptions, add to market uncertainty. In this economic environment, Bitcoin may see safe-haven inflows, while smaller altcoins remain vulnerable to sudden sell-offs. UK inflation holds steady at 3.8% amid mixed price trends The latest data from the Office for National Statistics shows that the UK’s annual…

An analyst has charted out a “dream scenario” path that Ethereum could follow, based on a technical analysis (TA) pattern in its 3-day price. Parallel Channel Could Chart Out What’s Next For Ethereum In a new post on X, analyst Ali Martinez has talked about a dream trajectory that Ethereum could follow with respect to a Parallel Channel. The “Parallel Channel” here refers to a TA pattern that forms whenever an asset’s price trades between two parallel trendlines. The upper line of the pattern is assumed to be a source of resistance, so tops can be likely to occur during…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. New US crypto ETF launches remain on pause given the ongoing government shutdown. This just means there’s more time to make sense of what the upcoming product wave will look like — and how the world’s largest asset manager will (or won’t) participate. Being on the Digital Asset Summit stage in London last week with BlackRock’s Matt Kunke and 21Shares’ Mandy Chiu gave me a unique chance to explore the different product development approaches of a TradFi incumbent and a crypto-centric firm. With the SEC offering…

Ethereum price started a fresh decline below $3,750. ETH is moving lower below $3,700 and might decline further if it trades below $3,550. Ethereum started another bearish wave after it failed to clear $3,880. The price is trading below $3,700 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at $3,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,550. Ethereum Price Dips Further Ethereum price failed to stay in a positive zone and started a fresh decline below $3,880, like Bitcoin.…

While volatile movements in Bitcoin and altcoins continue, cryptocurrency analysis company Santiment announced the most popular altcoins in the cryptocurrency world in its latest post. Accordingly, Santiment said that investors showed great interest in Bitcoin (BTC), Ethereum (ETH), Tether (USDT), GameStop (GME), Kadena (KDA) and Chainlink (LINK) and named altcoins. Gamestop is the leader in trending cryptocurrencies in the last 24 hours, followed by Bitcoin, Tether, KDA, LINK and ETH. The cryptocurrencies that have attracted the most attention in the crypto industry and the reasons are listed as follows: GME: GameStop (GME) stock is trending amid growing discussions focusing on…

Aspis is a Decentralized Finance (DeFi) protocol that creates and manages Decentralized Autonomous Organizations (DAOs) for digital asset management. Aspis has disclosed the beneficial news, especially for Californian people, for smart, transparent, and fully on-chain artificial intelligence (AI) trading. For this purpose, California has just passed a law to regulate AI chatbots, making chat interactions more transparent. ⚖️ California just passed a law to regulate AI chatbots.But in Web3, transparency is built in — by code.🤖 With Aspis Protocol, your AI trading assistant is:✅ Smart✅ Transparent✅ Fully on-chainNo hidden algorithms. No blind trust.AI that empowers, not exploits.👉… pic.twitter.com/1vNmcV9Ll5 — Aspis…