Author: NBTC

Coinbase is taking three US states to court in a bid to lock in federal protection for its planned prediction markets, opening a new front in the battle over whether event contracts are finance or gambling.​ The exchange has sued regulators in Connecticut, Illinois, and Michigan, asking federal judges to declare that prediction markets listed on a US Commodity Futures Trading Commission (CFTC)-regulated platform fall under the Commodity Exchange Act (CEA) and the CFTC’s exclusive jurisdiction, not 50 separate state gambling codes. In a Friday X post, chief legal officer Paul Grewal said Coinbase filed the cases “to confirm what…

A new hiring push at Crypto.com highlights how crypto prediction markets are evolving at the intersection of trading, sports, and digital assets. Crypto.com seeks quant trader for sports prediction market desk Trading directly against customers on sports event contracts Early mover in sports-linked prediction contracts Singapore hub and strategic hiring focus Positioning within the broader crypto prediction markets landscape Crypto.com seeks quant trader for sports prediction market desk Crypto.com, a Singapore-based company, is recruiting a new employee for its market making team on the firm’s prediction market exchange. According to a recently posted job listing, the role is for a…

DeFi lending and borrowing protocol Aave’s governance fight is starting to cost investors wildly. The AAVE token is down about 18% over the past seven days, making it the worst performer among the top 100 cryptocurrencies, even as bitcoin, ether and other large tokens trade flat to slightly higher. The selloff stands out in a market that has otherwise stabilized, suggesting the pressure is specific to Aave rather than a broader risk-off move. The drop follows a growing fight inside Aave governance over who controls the protocol’s brand, domains and public channels, as CoinDesk reported early last week. While that…

The Central Bank of Brazil said the recent pause in using blockchain for drex, its central bank digital currency project, is temporary. The bank intends to continue using decentralized technology in the future, including issuing its own currency for tokenization-linked settlements. Central Bank of Brazil: Drex CBDC Project Still Alive The Facts The Central Bank of Brazil has clarified the current state of drex, its multi-year-long central bank digital currency (CBDC) project, after having terminated the decentralized platform that served as a base for the first two phases of the pilot. According to statements issued to local media, the reason…

The U.S. Attorney’s Office for the Southern District of New York on Thursday sentenced Magdaleno Mendoza in the IcomTech crypto Ponzi scheme. The court sentenced the accused to 71 months in federal prison for defrauding working-class Spanish-speaking investors. Mendoza was a senior promoter in the purported crypto-mining and trading company IcomTech. The firm was established in mid-2018 and collapsed by the end of 2019. Court orders Mendoza to pay restitution and forfeit his California residence Crypto promoter sentenced for Ponzi scheme “IcomTech.” “Mendoza targeted Spanish-speaking investors with false promises about ‘crypto’ profits and left victims, including those here in New…

The U.S. federal banking watchdog signaled a regulatory shift that could fundamentally reshape competition in trading services across the United States. That shift became apparent today, after Bloomberg reported that JPMorgan is exploring crypto trading services for institutional investors, marking one of the clearest indications yet that Wall Street banks are preparing to move beyond experimentation and into execution. CoinDesk contacted JPMorgan and they declined to comment on Bloomberg’s article. The report follows a statement by a JPMorgan spokesperson, who previously told CoinDesk the bank was “digesting and assessing” recent guidance from the Office of the Comptroller of the Currency…

Atlaspad, a multi-chain launchpad platform that supports blockchain projects through fundraising, ecosystem building, and user engagement, today announced a strategic partnership with Helix Labs, a decentralized financial innovation lab that aims to maximize the economic value of staked assets across various blockchain ecosystems. This collaboration enabled the integration of Atlaspad’s launchpad with Helix Labs’ liquidity infrastructure to revolutionize how Atlaspad’s users interact with DeFi assets and advance scalability, accessibility, and liquidity within the two decentralized finance networks. Atlaspad is a multichain launchpad platform that functions as an avenue for early-stage crypto projects to raise capital by selling their tokens to…

The Nasdaq 100 Index and its related ETFs, like QQQ and JEPQ plunged last week as concerns about technology valuations and the ongoing government shutdown continues. It plunged to $25,000 from the year-to-date high of $26,143. Similarly, the Invesco QQQ Trust (QQQ) plunged to $610 from the all-time high of $636, while the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) plunged to $57 from the all-time high of $59.5. So, why did these assets plunge? Nasdaq 100 Index plunged after Palantir and AMD earnings Copy link to section One main reason why the Nasdaq 100 and its ETFs like JEPQ…

Hong Kong is making a decisive move to become a global cryptocurrency hub. The city expects to grant its first licenses to stablecoin issuers in early 2025, creating a regulated framework for digital assets pegged to traditional currencies. This development signals Hong Kong’s commitment to balancing innovation with financial stability. What Does This Mean for Stablecoin Issuers? Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, recently announced that the licensing process will prioritize applicants demonstrating robust systems. The government has already received 36 applications from various sectors as of September’s end. This strong interest shows how seriously…

Bybit recorded the highest spot trading volume among centralized cryptocurrency exchanges on December 22, 2025, driven by a sharp increase in activity around the NIGHT token, according to market data cited in a company update shared with Finbold. The exchange reported more than $9.2 billion in spot trading volume over a 24-hour period, placing it ahead of industry peers for the day. The spike was largely attributed to heightened trading in the NIGHT/USDT pair, which accounted for the majority of activity on the platform during that window. NIGHT trading drives volume spike Data from CoinMarketCap shows that Bybit handled over…