Author: NBTC
NBTC
NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.
The US Senate plans to consider a new bill to regulate cryptocurrency markets at the end of September. According to information provided by sources familiar with the matter, the Senate Banking Committee aims to hold a markup hearing on September 30 for the bill titled “Responsible Financial Innovation Act of 2025.” The bill specifically aims to clarify the Securities and Exchange Commission’s (SEC) role in crypto markets. A markup session will give committee members an opportunity to propose amendments to the bill. The committee can then decide to submit the legislation to the full Senate. Meanwhile, the Senate Agriculture Committee,…
BlackRock CEO Larry Fink nominated as interim co-chair of World Economic Forum board Summary Larry Fink, CEO of BlackRock, became interim chair of the World Economic Forum board Formerly a Bitcoin skeptic, Fink has been the driving force behind Wall Street’s crypto adoption WEF founder, Klaus Schwab, recently resigned amid reorganization Bitcoin (BTC) may soon be getting a seat at one of the most influential finance forums in the world. On Friday, August 15, Larry Fink, CEO of BlackRock, was appointed interim co-chair of the World Economic Forum board. Fink will share the role with André Hoffmann, vice chairman of…
Japan’s Financial Services Agency (FSA) announced a comprehensive restructuring of its regulatory structure by announcing its 2026 budget and organizational plan. These changes include the restructuring of the General Policy Office, the establishment of the Asset Management and Insurance Supervision Office, and special units for crypto assets and cashless payments. These new units include the Crypto Assets and Innovation Office and the Fund Settlement Monitoring Office. In the crypto asset sector, the existing “Crypto Asset and Innovation Advisory Office,” “Fund Settlement Monitoring Office,” and “Settlement and Digital Finance Group Monitoring Office” will be merged to create a new department responsible…
The company raised $1.1 billion through its initial public offering, pricing 30 million shares at $37 each. This gave Bullish a market value of $5.4 billion at launch, though the stock’s strong performance pushed its valuation to over $13 billion by the end of trading day. From Filing to Trading Floor Bullish first filed for its IPO in July 2025. The company initially planned to sell fewer shares at a lower price range but increased both due to strong investor demand. The original plan called for 20.3 million shares priced between $28-$31 each, targeting a $4.2 billion valuation. The final…
The case involving Cred LLC, a San Francisco-based cryptocurrency lending firm that filed for bankruptcy in November 2020, has been resolved with a sentencing that will see its founder and CFO spend time in jail. The executives, Daniel Schatt (former CEO) and Joseph Podulka (former CFO), are being punished for their roles in a wire fraud conspiracy that led to about $1 billion customer losses according to current coin valuations. How long will Cred’s CEO and CFO be gone for? According to the U.S. Attorney’s office for the Northern District of California, Daniel Schatt, the company’s co-founder and CEO, got…
S&P Dow Jones Indices (S&P DJI) is in discussions with major exchanges, custodians and DeFi protocols to license and list tokenized versions of its benchmarks, according to Stephanie Rowton, the firm’s director of US equities. Rowton told Cointelegraph that the index provider is taking a “strategic approach” to ensure tokenized S&P products are launched only on platforms that meet high standards for transparency, security and regulatory compliance. “By establishing these types of relationships, we hope we can work together to participate in a robust infrastructure that supports the trading and accessibility of tokenized versions of our indexes, ultimately enhancing the…
The latest news out of the Internal Revenue Services is another high-profile crypto exit, again leaving the tax agency’s digital assets operation rudderless, even as newly arriving tax policies will spur a crypto filing surge. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Trish Walker, the chief of the IRS digital assets office exited shortly after taking over that role. As she joins two other recently departed IRS crypto officials in heading toward the private sector, the agency is left in a…
Huobi (HTX) is publicly listing World Liberty Financial World Liberty Financial($WLFI), a high-profile decentralized finance (DeFi) project funded by members of the Donald Trump family. Deposits in the form of $WLFI began trading today, August 29, 2025, at 18:00 UTC+8 (05:00 PM IST), and will commence trading on September 1, 2025. Project Overview World Liberty Financial is an emerging company that seeks to combine both traditional finance (TradFi) and decentralized finance, providing both retail and institutional investor opportunities. Two basic tokens will make the ecosystem work: $WLFI – Governance token that grants voting rights in future. USD1 – A 1:1…
Crypto exchange Gemini filed an updated registration statement for its initial public offering effort, sharing a few more details in its push to become a publicly traded firm. Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor acting as lead bookrunners on the IPO, Gemini said in a press release Friday. Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, Needham & Company and Rosenblatt are also acting as bookrunners, the company said. Academy Securities and AmeriVet Securities are acting as co-managers. The S-1 published on Friday follows a confidential filing submitted to the…
Two former executives from defunct crypto lender Cred LLC have been sentenced to a combined 88 months in federal prison for their roles in a wire fraud conspiracy. Summary Cred’s ex-CEO and CFO get 88 months for defrauding 6,000+ customers of $140m Executives misled clients after COVID-19 crash exposed Cred’s risky strategy Cred’s bankruptcy left over $1b in losses by today’s crypto valuations The conspiracy left over 6,000 customers with more than $140 million in losses. Senior U.S. District Judge William Alsup sentenced co-founder and former CEO Daniel Schatt to 52 months behind bars. Former CFO Joseph Podulka received a…