Author: NBTC

A decentralized AI experiment once confined to crypto circles just earned a public nod from Nvidia CEO Jensen Huang, signaling that distributed model training may be inching closer to the mainstream. Chamath Palihapitiya spotlighted Bittensor’s Covenant-72B during an episode of the All-In Podcast, framing it as a tangible example of decentralized artificial intelligence (AI) moving beyond theory. Bittensor operates as a decentralized, blockchain-driven network that establishes a peer-to-peer marketplace in which machine learning models and AI compute are exchanged and incentivized. Palihapitiya described the effort in plain terms: a large-scale language model (LLM) trained without centralized infrastructure, powered instead by…

A multistate coalition told the Commodity Futures Trading Commission that sports-related prediction markets should remain under state gambling oversight, arguing the contracts function as wagers rather than financial derivatives. The attorneys general said these products closely resemble traditional sportsbook wagers on winners, spreads, totals, and player statistics. Key Takeaways: States argued sports-related prediction markets function as wagers, not federally regulated derivatives. Kalshi court wins have raised the stakes for preemption in state gambling enforcement nationwide. Attorneys general warned CFTC oversight could weaken protections for addiction, integrity, and insiders. States Say Sports Markets Belong Under Gambling Oversight A multistate coalition sent…

Bitcoin may have already priced in the effects of tighter monetary policy, leaving stocks more exposed to the latest macroeconomic shocks, according to asset manager Bitwise. The firm’s comments come as the cryptocurrency continues to correct below $70,000, down more than 23.7% year-to-date. Geopolitical unrest and energy disruptions, particularly from the U.S.-Iran conflict choking the Strait of Hormuz, have driven oil and gas prices higher in recent weeks. That surge has put pressure on inflation expectations, causing markets to walk back earlier bets on Federal Reserve rate cuts. On prediction markets including Polymarket and Kalshi, the perceived odds of the…

Toto shares surged Friday after the Japanese toilet maker reported record annual earnings and unveiled plans to expand production of semiconductor components, turning the washlet brand into one of the stranger AI infrastructure plays in global markets. Shares jumped more than 18% to ¥6,425 after Toto said operating profit rose to ¥53.8 billion for the year ended March 31, up from ¥48.5 billion a year earlier. Net sales increased to ¥737.4 billion from ¥724.5 billion, with both figures reaching record highs despite weaker conditions in parts of its housing equipment business. The rally was driven by Toto’s advanced ceramics division,…

San Francisco, March 19, 2025 – Embedded crypto wallet infrastructure provider Privy has launched a groundbreaking savings feature powered by Ethena’s ENA protocol. This strategic integration fundamentally transforms how users access yield-generating opportunities across decentralized applications. Consequently, developers can now offer automated sUSDe rewards directly within Privy’s secure wallet environment. Privy’s Ethena Integration Transforms Crypto Savings Privy’s announcement marks a significant evolution in crypto wallet functionality. The company revealed this development through its official X account earlier today. This new feature allows users to access Ethena-based savings across all services built on Privy’s infrastructure. Therefore, millions of users gain immediate…

A Kenyan court has ordered the weeklong detention of a man accused of operating a fraudulent cryptocurrency investment platform. Key Takeaways: Detaining Dickson Nyakango over a $440K scam exposes retail risks; court resumes this month. After Kestrel flagged a 7% scam, DCI will next trace GSIWEA to curb market fraud. Following this $440K crime, Kenya will next gazette the 2025 VASP Act to oversee exchanges. Suspicious App Triggered Investigation A Kenyan court ordered the weeklong detention of the alleged operator of a fraudulent cryptocurrency-themed investment platform, as detectives investigate a multilayered scheme that collected about $440,000 from unsuspecting investors. The…

Binance has expanded access to its Institutional Loan product to all KYB-verified VIP clients while introducing higher leverage limits, fixed-rate borrowing terms, and a new interest rebate program tied to trading activity. According to a May 11 press release, Binance said the update removes the earlier VIP 5 requirement, allowing all KYB-verified VIP users to access the institutional borrowing product. The exchange also raised the leverage cap from 4x to 5x for eligible clients, with the change applying automatically to existing and newly onboarded users. Under the revised structure, Initial Loan-to-Value ratios have increased from 75% to 80%, while Transfer-Out…

Goldman Sachs analyst James Yaro stated in a research report that the decline in Bitcoin and the overall cryptocurrency market has largely reached the historical average levels between the peak and the trough in the current cycle. According to Yaro, while there have been fluctuations in Bitcoin and crypto-related stocks in recent weeks, the market as a whole is tending towards stabilization. However, the analyst warned that trading volumes could fall even further. Yaro noted that Bitcoin prices are susceptible to sharp fluctuations in low-volume environments, and that such movements may be insufficient to establish a sustained uptrend. Pointing out…

Taking the witness stand in a federal courthouse in downtown Oakland, Elon Musk did not mince words when it came to crypto. During his closely watched testimony in his high-stakes lawsuit against OpenAI, the centibillionaire and the self-proclaimed “Dogefather” stated that most cryptocurrencies are, in fact, scams. According to reporting from the courtroom by New York Times journalist Mike Isaac, Musk’s remarks were in response to early internal emails revealing that OpenAI had once considered holding an initial coin offering (ICO) to fund the company. Back then, this highly speculative fundraising method was en vogue. A fickle crypto advocate Musk’s…

Black Swan Capitalist founder Verssan Aljarrah argues that every strategic move by Ripple signals the eventual dominance of $XRP in global finance. The statement presents a strongly bullish interpretation of Ripple’s transformation as the company actively shifts from a payment-focused firm into a full-scale financial infrastructure provider. Key Points Versan Aljarrah argues that Ripple’s evolving strategy points to $XRP’s potential dominance in global finance. Ripple is actively transitioning into a full-scale financial infrastructure provider, supported by acquisitions such as Hidden Road, Rail, Standard Custody, and GTreasury. $XRP plays a direct role within Ripple’s core offerings, including Ripple Payments and Ripple…