Author: NBTC
The minutes of the meeting of the FED held on December 17-18, which included details about the 25 basis point cut, were published. Here are the most important parts of the meeting minutes published by the FED: If the data plays out as expected, it would be appropriate to continue gradually moving toward a more neutral policy stance, participants said. Participants said the Fed is at or near a point where it is appropriate to slow the pace of easing. While participants expected inflation to continue moving toward the 2% target, the impact of possible trade and immigration policy changes…
Charles Hoskinson calls for a fresh start in blockchain communities, urging unity to propel crypto into the mainstream by 2025. Despite past tensions with rival ecosystems, Hoskinson believes the time is ripe for collaboration to expand blockchain’s global impact. Cardano’s founder emphasizes the importance of setting aside past conflicts to unlock the full potential of blockchain technology. Charles Hoskinson, the founder of Cardano, has urged the blockchain community to work on building the crypto ecosystem. In his latest post on X, Hoskinson addresses conflict with rivals of such ecosystems and asks the Cardano community to look forward to a new…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. We got another expected Biden-era cabinet member resignation today: CFTC Chair Rostin Behnam will step down from his position on Inauguration Day and leave the agency altogether in early February. Behnam, a Democrat nominated to the commission by Donald Trump in 2017, became acting chair after President Joe Biden was inaugurated. He was later confirmed by the Senate in December 2021. Trump is expected to name either Caroline Pham or Summer Mersinger, both sitting Republican commissioners, as acting chair later this month. He may or may…
In a thrilling development for Web3 sector, Tria has announced its latest collaboration with Agglayer. The partnership focuses on offering unparalleled possibilities dealing with liquidity providers, users, and decentralized applications, with the provision of a multi-chain and seamless experience. The platform took to social media to disclose this significant development. Agglayer 🤝TriaTria is bringing its cutting-edge all-VM chain abstraction stack to @agglayer, unlocking new possibilities for dApps, users, and liquidity.Here’s what it means 🧵 pic.twitter.com/6LK1QtN07O — Tria (@useTria) January 7, 2025 Tria leverages Agglayer to Revolutionize Cross-Chain Operability Tria pointed out that its partnership with Agglayer offers advanced cross-chain functionality.…
Bitcoin (BTC), the largest cryptocurrency, is approaching $100,000. While some experts are sure that the markets are already overheated, CryptoQuant’s researchers explain why the peak is nowhere near. Here’s why the situation might mirror the cautious optimism of Q2, 2020. Bitcoin (BTC) enters third phase of its cycle: What does this mean? Bitcoin (BTC), the first cryptocurrency, just reentered the “orange” phase of its price cycle based on the SMA Multiplier chart. As such, BTC has jumped into the third stage of its rally out of eight ones registered in previous years, as noticed by Axel Adler, community expert of…
Ethereum Foundation sells 100 ETH for $329k DAI in 2025’s first sale, fueling R&D amid low demand from whale investors. Ethereum’s price shows bullish potential despite short-term bearish trends, with major breakout expected soon. The ethereum foundation – a Swiss-based not-for-profit organization focused on the development and welfare of the Ethereum (ETH) network, has made its first Ether sale for 2025. In a bid to fund research and development (R&D), the Ethereum Foundation swapped 100 ETH for 329,463 $DAI, the first sale since the beginning of 2025. In 2024, the Ethereum Foundation sold 4,466 ETH units in exchange for $12.61…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Treasury yields were once again on the rise Wednesday while US equities struggled to recover from a rough day of trading yesterday. The US government’s monthly 10-year Treasury note auction on Tuesday drew the highest yield since 2007: 4.68%. Benchmark yields on 10-years hit a high of 4.73% Wednesday morning, a level not hit since last spring. Zooming out, since the Fed started its rate-cutting cycle in September, yields on 10-year notes have increased from around 3.7% to 4.7%. It’s an inverse correlation not typically seen,…
XRP, the native token used within Ripple’s payments system, has jumped to the third spot in market capitalization rankings, beating out the incumbent stablecoin issued by Tether. The asset is up more than 71% on the week to $2.47 and a further 367% over the last 30 days, according to CoinGecko data. The asset previously flipped Solana for the fourth spot late Sunday. Ripple Labs’ case against the U.S. Securities and Exchange Commission has been a primary focus for investors, which has been aided by a decision for its chairman, Gary Gensler, to depart on January 20. Derided by the…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The so-called “Trump effect” on crypto has materialized — at least for one prominent crypto player — in the form of a stateside hiring spree. Ripple is seeking new pros across all departments. Roughly three-quarters of its open positions are based in the US, including those in its recently expanded San Francisco and New York offices. Open roles include a general compliance manager and financial systems lead of enterprise performance management in San Fran, as well as a KYC/due diligence specialist in NYC. Also a bunch…
With bitcoin reaching unprecedented heights, critics have come out in full force, dusting off age-old arguments. The tired accusations resurface: calling it a pyramid scheme, claiming it’s worthless because it isn’t physical, or likening it to the infamous Tulip mania. These overused jabs seem to have become a standard playlist whenever bitcoin captures attention. The Tulip Bubble Myth: Critics Keep Getting Bitcoin All Wrong As bitcoin (BTC) edges closer to the $100,000 milestone, critics are once again labeling it a scam and branding it “a pyramid built atop a pyramid.” Some have even drawn comparisons to the Tulip Mania from…