Author: NBTC

A Polymarket trader known as DEEDDIT has pulled off one of the platform’s biggest turnarounds. The trader recovered from a $10.8 million loss and turned it into more than $8 million in all-time profit within two weeks, according to on-chain analytics platform Lookonchain. The comeback was completed on July 14 after DEEDDIT placed an $11.3 million wager on Spain to advance against France in the 2026 FIFA World Cup semifinal. Spain’s 2-0 victory generated roughly $9.9 million in profit in a single day, marking the end of the recovery. Lookonchain called the performance “legendary,” saying the trader erased an eight-figure…

“Franklin Templeton supports passage of the CLARITY Act,” the asset manager wrote in a post on X. “The bill would make clear how crypto is regulated. Investors would know what protections apply. Firms would know which regulators they answer to. It’s time to provide the industry the clarity it needs.” Fidelity struck a similar tone, saying the legislation would provide the “clear rules of the road” needed to strengthen investor confidence, provide certainty for market participants and reinforce U.S. leadership in digital asset markets. BlackRock also threw its weight behind the proposal. In a statement to Politico, Samara Cohen, the…

For a year Robinhood was Kalshi’s largest distributor. Then it bought a CFTC-licensed exchange off the shelf, put Susquehanna behind the order book, and began routing its own flow to itself. The World Cup was the proving ground, the migration is under way, and the lesson is the one every platform eventually teaches its suppliers: the license was never the moat. There is a sequence that plays out in every platform business, and the companies on the wrong end of it almost never see it coming, because the early years feel like partnership. A distributor takes a supplier’s product to…

Investment firm Bernstein has indicated that Bitcoin miners and AI infrastructure companies operating in Texas with secured power capacity may see their valuations rise, as the state begins auditing grid interconnection projects for data centers. The report, which was covered by The Block, points to growing political opposition to new data centers and potential limits on new power supply under state regulations. Why Secured Power Capacity Matters The core of Bernstein’s argument is that the scarcity value of already approved megawatts will increase. As Texas reviews grid interconnection projects, the ability to secure power capacity becomes a critical asset. Bernstein…

TL:DR: An inactive Bitcoin address mobilized a total of 2,373 $BTC after a latency period of between five and seven years. The transfer of the assets was carried out at the moment when the price of Bitcoin surpassed the $66,000 mark. The financial movement represented an estimated market value of approximately $156 million. The recent rally in cryptocurrency markets caused a dormant Bitcoin whale to reactivate its financial operations after a long period of inactivity. The entity executed a massive transfer of funds coinciding with the asset’s return above a major trading threshold. Data from CryptoQuant indicates that Maartun, an…

A DeFi lending platform that once brought in $80 million in revenue has quietly dismantled its consumer-facing app, cutting off retail users entirely, as its OTC lending desk to tech giants now holds $260 million in outstanding loans. The pivot, detailed in the original report, reveals how some crypto-native companies are radically reorienting toward institutional demand after a brutal bear market erased retail exuberance. The Bear Market Reckoning During the last cycle’s peak, the platform raked in $80 million from a user base that included retail borrowers and lenders. As asset prices collapsed and on-chain activity dried up, those revenues…

Federal Reserve Board member Lisa Cook said that inflation expectations are currently stable, but this depends on maintaining appropriate monetary policy. Cook stated that the Fed should not become complacent and that a cautious approach to inflation must continue. Cook stated that since last summer, the balance of risks has shifted significantly towards higher inflation, while the downside risks to the labor market have decreased. According to Cook, the US labor market generally maintains a stable appearance. Cook stated that it would be reasonable to expect inflation to slow down for some time, but added that the Fed is ready…

The xrpld 3.3.0 technology version integrates a consolidated package of five protocol amendments scheduled for official distribution next week. The delivery-versus-payment (DvP) settlement feature allows grouping and executing up to eight transactions atomically under an all-or-nothing principle. The fee sponsorship mechanism enables financial institutions to absorb network costs and account reserves for their end users. RippleX’s Product Lead, Jazzi Cooper, announced the launch of a new technology update package centered on the executable xrpld 3.3.0. This proposal includes five $XRP amendments designed to accelerate global network adoption in cross-border payment operations, collateral management, asset trading, and instant settlement. XRPL has…

Garlinghouse Calls CLARITY Act the Final $XRP Regulatory Barrier as Institutional Adoption Looms Ripple CEO Brad Garlinghouse believes the CLARITY Act could be the last major regulatory hurdle preventing $XRP from achieving broader institutional adoption. Responding to a post on X, formerly Twitter, by Ripple Chief Legal Officer Stuart Alderoty, Garlinghouse backed the push for the legislation, stating: “My thoughts exactly… Perfect can’t be the enemy of good. Let’s get this done.” Alderoty described the CLARITY Act as a consumer protection framework rather than just a crypto industry bill. He argued that the legislation would strengthen anti-money laundering (AML) and…

Hong Kong digital asset services business HashKey Holdings has merged its HashKey Exchange and HashKey Global exchanges into a single platform and application. Core jurisdictional hubs including Hong Kong, Singapore, the Middle East (Dubai) and Bermuda have been merged under a single platform, according to a Monday announcement. The move represents a departure from the early stages of the virtual asset industry when licensed exchanges typically operated under regional siloed models to simplify compliance. HashKey said. The transition follows a principle of “unified entry, localized compliance” where all users download the same application while the platform manages compliance across their…