Author: NBTC
The Fed’s PCE Data Used to Measure Inflation Has Been Released! What Was Bitcoin’s (BTC) Initial Reaction?
Leading cryptocurrency Bitcoin (BTC) is trading in a narrow range after its ATH of $123,000 in mid-July. Although economic data from the US has been positive in recent months, the Fed failed to make the expected interest rate cut in June and July, and hopes for a September rate cut have also diminished. Many crypto investors were expecting a September interest rate cut, but Fed Chair Jerome Powell’s latest comments yesterday dampened those expectations. The probability of a September rate cut has now dropped to just 43%. “We remain very cautious about inflation risks,” Powell said at his latest press…
Hive Intelligence, a renowned AI agent infrastructure provider, has announced its new collaboration with Omnia Protocol, a popular decentralized infrastructure platform. The collaboration aims to redefine AI agent capabilities to advance AI-native DeFi. As disclosed by Hive Intelligence in its X announcement, the joint initiative combines its large language model-ready blockchain data with the decentralized, always-online, and DePIN RPC infrastructure of Omnia. Hence, this development endeavors to unlock new AI-driven DeFi opportunities, real-world functionality, and use cases. Hive Intelligence × @omnia_protocolWith Hive’s real‑time, LLM‑ready blockchain data and Omnia’s secure, 100% uptime DePIN RPC infrastructure, autonomous AI agents gain both data…
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market quickly recovered from the late Wednesday swoon triggered by Fed Chair Jerome Powell’s hawkish comments. Bitcoin bounced to $118,500 from $116,000, with ether (ETH), XRP and other major altcoins following suit. The CoinDesk 80 Index traded over 2.5% higher on the day, outperforming the CoinDesk 20 Index, which suggests a stronger recovery in smaller tokens such as toncoin and memecoins including shiba inu .Still, the market overall stayed within recent price ranges, searching for catalysts to break through resistance. Referring to bitcoin, Alex Kuptsikevich, the chief market analyst…
A former top SEC official’s warning that liquid staking could trigger crypto’s own Lehman-style collapse has drawn sharp rebuke from industry participants, reigniting debate over how the U.S. should regulate staking tokens. Amanda Fischer, who served as Chief of Staff under former SEC Chair Gary Gensler, wrote Monday on X that the agency’s stance on liquid staking amounts to “blessing the same type of rehypothecation that cratered Lehman Brothers.” Fischer argues that liquid staking creates synthetic tokens through intermediaries, allowing assets to be reused without clear oversight. She likened it to “rehypothecation,” which is the reuse of client collateral by…
With the launch of the repo intradie cross-ledger, JPMorgan, HQLAx, and Ownera are introducing a significant change in digital financing models. In just a few weeks of activity, trades up to 1 billion dollars of daily trading have already been recorded, demonstrating a lightning-fast adoption of this innovation. According to the data collected by JPMorgan in the first quarter of 2025, the interoperability between different blockchain platforms has enabled instant settlements, opening up previously unattainable prospects. JPMorgan: how the cross-ledger digital repo works The technology behind the exchange: peer-to-peer, DvP, and smart contract DLT in digital repos: interoperability, speed, and…
Stable, developer of a new blockchain built around Tether’s USDT, said it raised $28 million in a seed round led by Bitfinex and Hack VC. Other backers include Franklin Templeton, Castle Island Ventures and KuCoin Ventures, alongside angel investors like Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson. The Stable blockchain, described as a “stablechain,” aims to turn USDT into the foundation for digital payments around the world by offering fast settlement, low fees and a stable unit of account in one package. The raise follows the GENIUS Act, which sets up a regulatory framework for stablecoins like USDT,…
As the Ripple vs SEC legal battle nears its next important deadline on August 15, questions and rumors are once again flooding social media. Is Ripple already in the clear? Has the company quietly paid its $125 million fine and dropped the appeal? One social media user recently claimed that Ripple had already paid the fine and announced that they would not appeal Judge Analisa Torres’ decision on the injunction. They also questioned why the SEC hadn’t held a formal vote or publicly declared whether it would appeal the court’s ruling. Ex-SEC Lawyer Sets the Record Straight In response to…
Worldcoin Rival Humanity Protocol Debuts $1.1B Mainnet for Privacy-First Web2 to Web3 Identity
Humanity Protocol, a privacy-first blockchain identity network and high-profile rival to Sam Altman’s Worldcoin, fired up its mainnet, debuting a system that connects familiar Web2 credentials to decentralized Web3 services using zero-knowledge transport layer security (zkTLS). The introduction comes just months after the Hong Kong-based startup raised $20 million in a funding round co-led by Jump Crypto and Pantera Capital, lifting its valuation to $1.1 billion. Humanity Protocol’s zkTLS technology allows users to prove they have viewed verifiable information, such as job listings or airline loyalty status, without revealing the underlying document or page. Sensitive data never leaves the user’s…
Cryptocurrency is becoming a financial planning priority, with 99% of chief financial officers at billion-dollar firms expecting to use it for business in the long term, according to Deloitte’s Q2 2025 survey of CFOs. The survey, conducted among 200 CFOs at companies with over $1 billion in revenues, revealed that 23% expect their treasury departments to use crypto for investments or payments within the next two years. This figure climbs to nearly 40% among CFOs at firms with revenues over $10 billion. Despite the momentum, finance chiefs remain cautious. Concerns about price volatility top the list, with 43% of respondents…
The creator of a now-defunct lending platform has agreed to pay over $10.5 million to settle US Securities and Exchange Commission claims that he took investor funds to buy millions worth of the stablecoin TerraUSD before it collapsed. Huynh Tran Quang Duy, also known as Duy Huynh, told customers of his firm, MyConstant, that their money would go into a loan matching service backed by crypto that would yield 10%, the SEC said in an order on Tuesday. The agency claimed that in reality, Huynh used $11.9 million of his customers’ money to buy TerraUSD (UST), a stablecoin tied to…