Author: NBTC

Zohran Mamdani’s victory over Andrew Cuomo to become New York City’s 111th mayor came at the expense of one trader who lost about $1 million in one of the largest betting events in Polymarket’s history. According to data from Polymarket Analytics, the race between Mamdani, Cuomo, Curtis Sliwa, and Jim Walden generated more than $424 million in total trading volume on the decentralized prediction market platform. Polymarket user loses $958,000 betting against Mamdani One pseudonymous Polymarket user using the handle “fuxfux007” recorded a $958,423 loss after betting against Mamdani’s victory. The trader’s account seems new as they had only made…

India teams up with Polygon and Anq to launch its first sovereign-backed digital token, fully backed by Indian Government Securities. The new INR-linked ARC token aims to modernize India’s digital finance system while keeping liquidity and innovation within the domestic economy. India is preparing to take a major step in digital finance with the development of its first sovereign-backed digital token. Polygon has partnered with fintech firm Anq to build a government-backed digital instrument that could redefine how digital money functions in the country. Unlike private stablecoins tied to the U.S. dollar or controlled by corporations, this project is directly…

The U.S. Supreme Court will hear oral arguments today in the historic case over the legality of sweeping tariffs that President Donald Trump has dubbed “Liberation Day.” The case could fundamentally alter the Trump administration’s most prominent economic policy, have multi-million dollar consequences for businesses and foreign countries, and further expand Trump’s executive powers. The justices will hear two separate cases involving the “Independence Day” tariffs Trump imposed on nearly all foreign countries and additional tariffs on goods imported from Canada, Mexico and China. Trump imposed these tariffs under the International Emergency Economic Powers Act (IEEPA), which gives presidents the…

In a strategic move that’s capturing investor attention, Solana Company has just approved a massive $100 million share buyback program. This Nasdaq-listed firm, known for its significant SOL cryptocurrency investments, is making waves in the financial world with this bold decision. But what does this Solana share buyback really mean for investors and the broader digital asset market? Why This Solana Share Buyback Matters Now The timing of this Solana share buyback couldn’t be more significant. Companies holding digital assets are increasingly turning to share repurchases as a strategic tool. This approach helps address the common challenge of trading at…

Welcome to the institutional newsletter, Crypto Long & Short. This week: Sygnum Bank’s Pascal Eberle writes that investors are recognizing that custody is less about holding assets and more about proving you’re holding them correctly. CoinDesk Indices’ Andy Baehr provides a “Vibe Check,” writing about how on the heels of NYC election day, among other political activity, the crypto market is awaiting a new leader to spark its next rally. In “Chart of the Week,” we examine the ETH price relative to average DeFi pool yields and BTC/ETH funding rates. -Alexandra Levis Expert Insights Redefining the Custody Standard for Banking…

Stephen Miran, one of the new members of the US Federal Reserve (FED), stated in his statements that monetary policy is still “too restrictive” and argued that interest rate cuts should continue. After being appointed by President Donald Trump, Miran became one of the most prominent figures within the “dovish” wing of the Fed. Miran stated that the current monetary policy limits economic growth and increases risks, saying, “The Fed’s policy is still very restrictive and current policies create risks.” Miran stated that labor market data showed that interest rates could be lowered below the current level, and argued that…

As 2025 draws to a close, bitcoin BTC$87,555.35 faced a tough year, down about 7% year-to-date, while gold, the S&P 500 and technology stocks continue to hit all-time highs. As a result, public bitcoin mining stocks have shown stark contrasts, driven largely by diversification into artificial intelligence (AI) and high-performance computing (HPC) infrastructure. The standout performers have been companies aggressively pivoting to AI. IREN (IREN) led with a massive +300% year-to-date (YTD) gain, fueled by major GPU cloud deals and Microsoft’s backing. Cipher Mining (CIFR) followed strongly at +230%, expanding AI hosting partnerships specifically with Fluidstack. Hut 8 (HUT) also…

Moon Inc. said its shares are now available to U.S. investors on the OTCQX Best Market as of Nov. 5, following an upgrade from the OTC Pink tier and a bell ringing at OTC Markets Group in New York. The move opens a direct channel for U.S. retail and institutional investors to access the Hong Kong-listed issuer, which trades on the HKEX under code 1723 and has been pivoting from its roots in prepaid connectivity toward Bitcoin-focused consumer products. The company framed the OTCQX graduation as part of a broader capital strategy that aligns with a Bitcoin standard and tighter…

The evolution of bitcoin mining machines in 2025 came down to an unyielding chase for leaner energy use paired with massive gains in computational muscle, all centered on the application-specific integrated circuit (ASIC) market. What follows is a rundown of the top five bitcoin mining machines as the year wraps up and the industry rolls straight into 2026. Why 2025 Became the Year Bitcoin Mining Hardware Leveled Up 2025 delivered a clear hardware leap, with next-generation rigs rolling out hashrates comfortably north of 1,000 terahash per second (TH/s), neatly translating to 1 petahash per second (PH/s). These heavyweight machines powered…

Strategy Inc., which trades under the ticker symbol MSTR, saw its stock price plunge to its lowest level since April. Summary The MSTR stock price has crashed to its lowest level since April. It has plunged by over 45% from its year-high. There are signs that the Digital Asset Treasury (DAT) bubble has burst. Strategy, previously known as MicroStrategy, is the biggest digital asset treasury company, crashed to $250, down by 45% from its highest level this year. It has plunged by over 53% from its all-time high, bringing its market cap to $72 billion, down from a record high…