Author: NBTC

The state of Connecticut fired a legal volley against sports events contracts with a trio of cease-and-desist orders sent on Wednesday to major prediction-market operations — Robinhood, Kalshi and Crypto.com. The state’s Department of Consumer Protection accused the companies of “conducting unlicensed online gambling, more specifically sports wagering.”Each of the companies are “hereby ordered to immediately cease and desist advertising, offering, promoting, or otherwise making available Contracts or any other form of unlicensed online gambling to Connecticut residents,” according to the state notices. Robinhood argued on Wednesday that it’s regulated by the federal government. “As we’ve previously shared, Robinhood’s event…

Meta (META) may be pulling back even further from the metaverse it once bet its future on. Executives are discussing budget cuts of up to 30% at the company’s metaverse division in 2026, according to a Bloomberg report citing people familiar with the talks. The unit includes Horizon Worlds, Meta’s social virtual reality (VR) platform, and its Quest headset unit. The cuts would include layoffs, the report said. Meta founder and CEO Mark Zuckerberg reportedly asked all departments to find 10% in cost savings, a standard request during recent budget cycles. But the metaverse team was asked to go deeper,…

Parataxis Holdings, a New York-based digital asset investment firm, said it agreed to buy most of South Korean data security company Sinsiway (290560) for 40 billion won ($27.3 million) and transform it into a publicly traded ether ETH$3,083.26 treasury firm. Parataxis and unidentified affiliates will gain a controlling stake in the 20-year-old company. If approved by Sinsiway’s shareholders in January 2026, the company will be renamed Parataxis ETH, Inc. and retain its stock-exchange listing, according to a press release shared with CoinDesk. The renamed entity would become South Korea’s first ether-focused treasury platform backed by institutional capital from the U.S.,…

An issue with the Prysm consensus client on mainnet saw about 23% of the Ethereum network going offline.In the early hours of Thursday, the Ethereum Foundation alerted the community about an issue with the Prysm consensus client on mainnet, urging node operators to reconfigure their CL nodes. This only affected those utilizing Prysm clients, with other network clients unaffected. In a confirmation tweet, Ethereum client Prysm stated that it had identified the issue and promised a quick workaround. It urged dependent nodes to disable the Prysm client.In a tweet, Ethereum angel investor and educator Sassal ETH revealed a shocking fact…

The Philippines is sitting on a huge opportunity in digital finance. According to a recent white paper, the country could see $60 billion in value from asset tokenization by 2030. Moreover, nearly half of all the government bond account holders already own bonds in tokenized form. Showing that interest in digital assets is growing quickly. What Is Asset Tokenization? Asset tokenization is the process of turning real-world assets, like bonds, property or stocks, into digital tokens on a blockchain. These tokens are easier to trade, track, and access. In addition, tokenization makes assets more liquid, meaning investors can buy or…

Donald Trump is in the news again for quietly setting free David Gentile, a private equity executive who is responsible for defrauding thousands of regular people in a scheme that landed him seven years in jail, as well as fines and restitution. That makes it yet another pardon that has not been granted to Sam Bankman-Fried, who continues to be courting the President’s attention for clemency. On Polymarket, traders are pricing his pardon at a 2% chance, while traders from Kalshi only see a 4% chance that SBF is pardoned before the end of this year. The current level is…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Over the past five years, DeFi has grown from a niche concept into a functioning, if still volatile, alternative to parts of traditional finance. As of November 2025, its total value locked sits in a $100–$120 billion range, which is enough to confirm activity, but no longer enough to mean transformation. Summary DeFi’s TVL has fallen from its 2021 peak because most early “yield” was synthetic — driven by token emissions rather than real economic activity —…

The IMF dropped an explanatory video on its X handle today exploring the new phenomenon of tokenized markets. The international body responsible for ensuring the stability of the international monetary system recognized the advantages of tokenized markets in the video, but warned that they can be prone to flash crashes and are more volatile than traditional markets. “Tokenization can make financial markets faster and cheaper, but efficiencies from new technologies often come with new risks,” the video states. IMF lays out benefits of tokenized markets The video frames tokenization as the next step in money’s evolution, explaining that tokenization can…

Binance is once again at the center of a legal dispute following a 2022 incident that led to the loss of significant user funds. Summary Florida’s appeal court has reinstated a lawsuit claiming Binance failed to freeze and recover roughly 1,000 BTC stolen in 2022. The ruling found Binance maintained sufficient U.S. and Florida contacts through affiliates and infrastructure, overturning a lower court’s dismissal. The case returns to trial court, adding pressure on offshore exchanges facing similar negligence and stolen-asset lawsuits. A Florida appeals court has reopened a long-running dispute involving Binance after finding the case deserves another look. According…

Antithesis, a Northern Virginia startup pitching itself as infrastructure for never-down software, raised a $105 million Series A led by Jane Street, a bet that stress-testing distributed systems matters as much for blockchains as it does for high-speed trading. The company’s platform uses deterministic simulation testing, running large-scale, production-like simulations to surface the kinds of edge cases that can blow up in live networks, Antithesis said in a press release Wednesday. When a failure hits, Antithesis said it can replay the bug exactly, helping engineers isolate issues without the usual can’t reproduce limbo, a familiar pain point for crypto protocols…