Author: NBTC

Acting Labor Secretary Sandlin’s push for earlier Fed cuts clashes with a cautious central bank, leaving crypto trading a “higher for longer” regime even as the political drumbeat for easing grows louder. Political pressure builds for easier Fed policy Acting Labor Secretary Sandlin’s remark, reported by Jinshi, that the Federal Reserve should “consider lowering interest rates” adds an explicit voice from the administration’s economic team to a growing chorus arguing that current policy is too tight for the labor market. While the exact wording of Sandlin’s statement has not been widely syndicated yet, it echoes recent comments from Fed officials…

AMO Coin has officially launched its Drive-to-Earn (D2E) 2.0 Android app, a groundbreaking application that connects directly with Tesla vehicles. This new app rewards users based on their driving distance, creating a novel way to earn cryptocurrency through everyday activities. According to an official Medium post, the app does not collect separate location data, addressing significant privacy concerns. How the AMO Coin D2E 2.0 App Works The AMO Coin ecosystem now integrates with Tesla’s API to track driving metrics. Users install the Android app and link it to their Tesla account. The app then monitors the vehicle’s odometer and driving…

The House Ways and Means Committee circulated seven draft bills ahead of this week’s hearing on crypto tax policy, signaling what the industry can expect. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The House Ways and Means Committee is the group of lawmakers tasked with writing laws governing taxes. While we’ve seen draft bills addressing taxes already, it’s this committee that’s really going to handle a hefty part of the work of drafting crypto tax legislation and shepherding it through the…

Exodus has launched a marketplace for tokenized assets through a partnership with Ondo Finance, allowing eligible users to trade more than 200 tokenized stocks, ETFs and other real-world assets on Solana directly from the crypto wallet. The company said Exodus Markets is available in select markets and that users can access the service by updating to the latest version of the app. Tokenized assets do not represent ownership of the underlying securities and do not provide shareholder rights, according to the announcement. Cointelegraph contacted Exodus to determine which jurisdictions are eligible for Exodus Markets but had not received a response…

Lava Network, a blockchain infrastructure protocol, has signed a preliminary agreement to help design a tokenization sandbox for Alba Bay, a planned Caribbean residential development of more than 40,000 units. Lava said it is the protocol’s first real-world asset mandate. BHL says the project will span nearly 40 million square meters, cost multiple billions of dollars and target construction starting in the first quarter of 2027. The arrangement is a non-binding memorandum of understanding, and BHL Group, the developer, pays Lava nothing upfront, the company said in written answers to questions from The Defiant. No units have been tokenized and…

Bitcoin ($BTC) circled $78,000 on Saturday after geopolitical headwinds erased most of its May gains. Key points: Bitcoin falls below $78,000 for the first time since the start of May. Oil-supply woes combine with existing nerves over US bond markets, adding to headwinds for risk assets. Support weakness has traders looking at $75,000 and under next, while optimists see a “bear trap” forming. Multiple hurdles “coming together” for crypto, risk assets Data from TradingView confirmed new lows of $77,614 on the day — the lowest levels since May 1. $BTC/USD one-hour chart. Source: Cointelegraph/TradingView Downside pressure stemming from concerns over…

The United States spot Ethereum ($ETH) exchange-traded funds recorded their highest daily cash inflow on Monday since May 5. The U.S. spot Ethereum ETFs registered a net cash inflow of $82.37 million on June 8, according to data from SoSoValue analyzed by Finbold on June 9. As such, the U.S. spot $ETH ETFs hold $9.36 billion in total assets at press time. Spot $ETH ETFs daily cash flow. Source: SoSoValue The notable shift in these funds was largely driven by BlackRock’s iShares Ethereum Trust (ETHA) and iShares Staked Ethereum Trust ETF (ETHB), which closed the day with combined inflows of…

While the benchmark S&P 500 index is overall almost 8% in the green in 2026 and close to its all-time highs ($ATH), there has been significant divergence between the performance of the various stocks contained within. For example, one of America’s largest companies, Microsoft (NASDAQ: MSFT), remains deeply in the red even after the April rally, and Nvidia (NASDAQ: NVDA) – a top performer ever since the artificial intelligence (AI) boom started with the original public release of ChatGPT – has been underperforming its own sector. Microsoft and Nvidia stock price YTD charts. Source: Finbold Indeed, the difference in the…

Traders are furious about Pump.fun’s decision to destroy nearly 36% of the $PUMP supply, or roughly $370 million, claiming their expected airdrops were essentially burnt. Parts of the community are now criticizing the platform for undercutting user expectations and rewards in what it presented as a trust-building tokenomics shift. The team claimed to have burnt all bought-back tokens to remove confusion and strengthen long-term trust in the ecosystem. It also introduced a programmed buyback-and-burn approach that will set aside 50% of future revenue for long-term development, infrastructure, and growth over the following year. The Pump.fun team said it prioritized repairing…

Senator Cynthia Lummis is ramping up pressure on lawmakers as the CLARITY Act enters what could be its most decisive stage yet. “The CLARITY Act passed committee. The floor is next. We did not come this far to quit at the 5-yard line,” Lummis wrote in a June 8 post on X, signaling that the crypto market-structure bill is now moving into a crucial Senate battle. The Clarity Act passed committee. The floor is next. We did not come this far to quit at the 5 yard line. — Senator Cynthia Lummis (@SenLummis) June 7, 2026 Her comments come as…