Author: NBTC

World Liberty Financial (WLFI), the blockchain venture associated with the Trump family, is reportedly advancing plans to tokenize portions of Donald Trump’s multi-billion-dollar real estate portfolio. The project aims to convert some of the most recognizable Trump properties into digital investment products, opening access to retail investors who would otherwise be shut out of high-value real estate. WLFI hopes to bridge the gap between exclusive real estate assets and the broader investing public by selling fractional ownership on the blockchain. Meanwhile, Zak Folkman, co-founder of WLFI, said the project will not stop with real estate. The team is already exploring…

US House Republicans have told Securities and Exchange Commission Chair Paul Atkins that they are investigating the loss of text messages from former SEC Chair Gary Gensler from when he led the agency. The SEC’s Office of Inspector General’s findings in early September cast doubt on whether the Gensler-led SEC acted with transparency and integrity while serving between 2021 and 2025, House Financial Services Committee Chairman French Hill said in a letter to Atkins on Tuesday. Hill said the House Financial Services Committee said “is engaging with the OIG to learn more about their report, seek clarity on outstanding questions,…

As a result of the US shutdown, the government will suspend all operations except essential services and many employees will be furloughed. This will negatively impact the functioning of government institutions, as many will continue to operate with limited staff. At this point, the shutdown could also affect the FED, which acts based on economic data. This means that the FED may not have enough data to assess the economic situation and the continuation of interest rate cuts may become uncertain. While the effects of the government shutdown in the US are being wondered, three FED members Austan Goolsbee, John…

The New York State Department of Financial Services (DFS) has issued updated guidance on customer protection for virtual currency assets during insolvency. Emphasis on Customer Protection and Sub-Custody The New York State Department of Financial Services (DFS) has released an updated guidance concerning customer protection for virtual currency assets in the event of an insolvency. This new guidance supersedes the previous one issued on Jan. 23, 2023, offering added clarity, particularly regarding sub-custodians, while continuing to emphasize “sound” custody and disclosure practices to protect customers in the event of an insolvency. In a Sept. 30 industry letter, DFS Superintendent Adrienne…

Cryptocurrency exchange FTX announced today that it will distribute a total of $1.6 billion in funds. According to information shared by Sunil, who represents FTX creditors, the distribution will be made at different rates between large and small creditors. Large creditors (over $50,000) received a 5.7% payment by May 30th. Including the 72.5% that has not yet been paid, users in this group will receive 78.2% of their total claims. For small creditors (under $50,000), the situation is even more favorable: Users will receive a payment of 120.5% of their claims, plus interest or additional compensation. It was announced that…

The U.S. stock market extended its rally on Friday as Wall Street continued to downplay the government shutdown and as a wave of AI deals added further momentum. Summary Stock market news today is dominated by headlines on rallying Dow Jones Industrial Average, S&P 500 and Nasdaq. All major indexes hit record highs even as the government shutdown sees a highly anticipated jobs report delayed. Greed dominates sentiment as AI deals lead to increased investor bets on fresh gains. The Dow Jones Industrial Average added 180 points, and the benchmark S&P 500 hovered near its latest all-time high with a…

Crypto Rover, a well-known crypto trader, sent a reminder that FTX is set to return over $5 billion to its creditors starting tomorrow, with the entire massive payout being made in stablecoins. There’s still some confusion on whether this is true or if the amount is correct, mainly because back in May 2025, there was a widely reported plan for FTX to distribute over $5 billion in stablecoins to creditors. Supposed to start on May 30, it would represent a substantial liquidity event. However, the exact amount wasn’t disclosed. More recently, the FTX Recovery Trust confirmed it will distribute $1.6…

Stephen Miran, the new member of the Fed Board of Governors, who was reportedly appointed by President Donald Trump because of his closeness to him, made remarkable statements about the US economy and monetary policy. Speaking to Bloomberg Television, Miran said he was not shy about offering different views from other members of the central bank and that there was only one condition that would change his thinking on the current inflation outlook. Fed Governor Stephen Miran said there’s only one scenario in which he could change his current positive inflation outlook: an unexpected, sudden rise in housing costs. Miran…

The U.S. Securities and Exchange Commission has opened the door for Ripple, Coinbase, and BitGo to act as qualified custodians for crypto assets. Summary SEC issued no-action letter on Sept. 30 Ripple, Coinbase, and BitGo qualify via state-chartered trusts Move expands institutional access to regulated crypto custody On Sept. 30, the SEC’s Division of Investment Management issued a no-action letter in response to a request from Simpson Thacher & Bartlett LLP. The guidance allows investment advisers to use state-chartered trust companies as custodians under the Investment Advisers Act of 1940 and the Investment Company Act of 1940. While not a…

Coinbase announced that it has updated its roadmap for crypto asset listings and that the Syndicate (SYND) token has been included in this plan. Binance Adds Syndicate (SYND) Token to Its Roadmap According to the company’s official statement, the commencement of trading of the asset in question will depend on the provision of market-making support and the full readiness of the necessary technical infrastructure. While Coinbase didn’t provide a specific timeline for the listing process to ensure transparency and security for investors, it did state that a separate announcement will be made regarding when trading will begin. This step demonstrates…