Author: NBTC

Connecticut has sued Kalshi and asked a court to block the prediction market platform from offering sports event contracts that state officials classify as unlicensed sports wagering. The Connecticut Attorney General’s Office said Wednesday that Attorney General William Tong, Department of Consumer Protection Commissioner Bryan T. Cafferelli, and Governor Ned Lamont are seeking an injunction requiring Kalshi to stop offering the contracts in the state. Connecticut officials have maintained that contracts tied to the outcome of sporting events fall under state gambling laws even though Kalshi operates as a federally regulated derivatives exchange. The lawsuit extends a dispute that began…

Uniswap’s combined tokenized-stock trading volume on Robinhood Chain has reached $1 billion for the first time, according to protocol founder Hayden Adams. Uniswap founder Hayden Adams announced the milestone in an Aug. 22 X post, adding that he expects trading volume for the assets to eventually reach $1 trillion. First $1B in tokenized stock volume through Uniswap on Robinhood chain!! Coming soon: $1T https://t.co/aPAAQLkGwT — Hayden Adams 🦄 (@haydenzadams) August 21, 2026 The $1 billion figure covers cumulative swaps involving multiple tokenized stocks rather than one token or a measure of deposited assets. Uniswap said earlier this week that stock-token…

Centrifuge’s on-chain assets have reached a remarkable combined market cap of $1.6 billion, according to a recent tweet by the influencer @tokenterminal. This significant milestone is led by JTRSY with $851.5 million and JAAA with $715 million. The growth in asset holders, which increased by 22.8% to 1,100, highlights rising interest in decentralized finance. You can find the details in the source tweet. What Went Down In the past 30 days, Centrifuge has experienced notable growth in both asset value and user engagement. The combined market cap of $1.6 billion reflects strong traction across its offerings, primarily on Ethereum, Avalanche,…

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded approximately $49.7 million in net outflows on July 28, extending a streak of negative flows to four consecutive trading days, according to data from Farside Investors. BlackRock’s IBIT Leads Outflows, Grayscale Mini $BTC Bucks Trend The latest round of withdrawals was driven primarily by BlackRock’s iShares Bitcoin Trust (IBIT), which saw net outflows of $54.8 million on the day. This marks one of the larger single-day redemptions for the fund, which has generally seen strong inflows since its launch earlier this year. In contrast, Grayscale’s Bitcoin Mini Trust ($BTC) recorded a modest net…

Uniswap’s new swap record is testing whether the protocol’s wider fee footprint can turn rising activity into measurable $UNI burns. Uniswap founder Hayden Adams said Tuesday that the decentralized exchange was handling roughly 82 swaps per second across chains. He was responding to Blockworks Research analyst Marc Arjoon, who said Uniswap had recorded more than 7 million swaps in one day and its two busiest days by swap count. Seven million swaps over 24 hours works out to at least 81 per second, making Adams’ rounded rate consistent with the reported daily total. The metric counts swaps, however, not unique…

Prediction market platform Kalshi is in discussions to raise fresh capital at a valuation of approximately $40 billion, according to a report from The Information on Aug. 12, citing sources familiar with the matter. If finalized, this would mark a significant jump of about 82% from the $22 billion valuation the company achieved during its Series F round in May. Revenue growth and market drivers Kalshi’s annualized revenue surpassed $4 billion in July, more than doubling from roughly $2 billion two months earlier. The surge is largely attributed to heightened trading activity around the FIFA World Cup, which has drawn…

On August 19, FalconX transferred 198,750 $HYPE to Gate, which represents roughly $14 million, leading blockchain intelligence company Onchain Lens to hypothesize that this sends signals of a probable sell. The mere existence of one big exchange deposit may not say much. However, as it turns out that many institutional wallets seem to be lowering their exposure to $HYPE, the moves attract traders’ attention. The larger question is who controls crypto markets now. $HYPE has grown into one of the top 10 tokens and the importance of institutional desks and over-the-counter (OTC) parties is getting bigger in the market. When…

President Donald Trump’s $1.4 billion in crypto earnings from 2025 have returned to the political spotlight after Sen. Elizabeth Warren renewed criticism of his business activities during his second term. Trump’s latest financial disclosures show that cryptocurrency ventures became a major source of income, including hundreds of millions of dollars linked to the Official Trump memecoin and World Liberty Financial. Warren cited those earnings alongside other Trump-related business arrangements while arguing that Congress should address possible conflicts involving elected officials and digital assets. Warren Renews Focus on Trump’s Business Activities Warren highlighted Trump’s cryptocurrency income, which disclosures showed exceeded $1.4…

A Hyperliquid testnet deployer using Kraken’s name has whitelisted 10 wallets and tested three compliance controls, raising the possibility that the centralized exchange has been experimenting with a permissioned HIP-3 market. Blockworks analyst Shaunda Devens reported on Aug. 22 that a deployer called “Kraken HIP-3 test DEX” had activated a permission system known as Star gating on Hyperliquid’s testnet on Aug. 19. Will Kraken Be the First Compliant HIP-3 Deployer?In line with the regulatory approach we just laid out, Hyperliquid keeps adding testnet functions that would enable compliant use. In addition to whitelisting, new observed features would allow a deployer…

Circle issued a warning that the quantum circuits needed to attack widely used blockchain signatures are becoming leaner, citing a low-width record of 813 logical qubits. For the $USDC quantum migration, the immediate consequence is a dependency problem across every host chain, wallet, custodian, bridge and user account that must eventually accept a safer way to authorize transactions. Circle’s current contract documentation contains 37 mainnet $USDC rows. The company can protect infrastructure it controls and exercise token-contract powers on supported networks, but it cannot rotate a customer’s private key, rewrite a custodian’s signing stack or unilaterally change the signature rules…