Author: NBTC

JPMorgan strategist Fabio Bassi said the Fed is more likely to cut interest rates by 25 basis points at its September meeting. Bassi noted that despite weak employment data, inflation remains high, and that an aggressive 50 basis point cut is unlikely. According to Bassi, the risk of a recession stands at 40%. Markets, however, anticipate only a limited easing of growth risks. The analyst also cited the increasing political pressure following the dismissal of Fed member Lisa Cook, emphasizing that the Fed’s independence remains intact. He stated that if the economic weakness proves temporary, the Fed will likely implement…

German prosecutors have confirmed that police raided premises connected to Frankfurt-based computing group, Northern Data AG, intensifying scrutiny of one of Europe’s most prominent companies operating in the worlds of cryptocurrency and artificial intelligence. A spokesperson for the Frankfurt prosecutor’s office stated that “raids in connection with Northern Data” were conducted on Thursday, declining to disclose the targets or what investigators were searching for. The agency said further details would be provided on Monday. Northern Data did not immediately respond to requests for comment. Its shares slipped following news of the raids, with investors unsettled by the prospect of renewed…

Binance Academy has partnered with the Cardano Foundation to launch a new online course titled Cardano Fundamentals, as per details shared with Finbold on September 25. The three-hour program, available for free on the Binance Academy platform, aims to broaden access to blockchain education and provide learners with an introduction to Cardano’s (ADA) ecosystem. Blockchain education for beginners and advanced learners The course, delivered through the Cardano Academy, covers Cardano’s origins, its Ouroboros proof-of-stake protocol, staking mechanisms, the extended UTXO model, and features such as native assets, NFTs, governance, interoperability, and scalability. It also explores use cases across decentralized finance,…

Eightco Holdings Inc. shares surged more than 3,000% Monday after the obscure e-commerce firm announced plans to build a treasury around Worldcoin—and secured a $20 million investment from crypto miner BitMine. The stock hewed to its Friday closing price of $1.43 in pre-market hours and closed at $45.08. It surged as high as $83.12, earlier in the day, a more than 5,000% gain at the time. “Everything the Foundation and Tools for Humanity have built has enabled us to be in this position,” Dan Ives, managing director at Wedbush Securities, told Decrypt. “We believe that World is significantly undervalued relative…

A Tennessee court ordered a couple to pay over $6.8 million for running a fake crypto pool. The scheme promised profits under the guidance of a person called “Coach Wendy,” whose identity is still unknown. The couple lured investors through real estate connections Michael and Amanda Griffis were real estate agents from Clarksville. They operated a pool called “Blessings of God Thru Crypto” between 2021 and 2023. The Commodity Futures Trading Commission (CFTC) said the couple raised more than $6.5 million from around 145 investors. The couple first came under investigation in July 2023, when the CFTC filed a case…

XPayFi, a renowned Web3 platform to bridge TradFi with DeFi, has partnered with ENI Network, an L1 blockchain to power business Web3 apps. The collaboration endeavors to offer enterprise-level blockchain solutions to bolster programmable finance. As mentioned in XPayFi’s official social media announcement, the development is set to integrate the cutting-edge enterprise blockchain of ENI, powered by modular multi-chain architecture and ZK technology. Keeping this in view, the partnership is anticipated to drive innovation across the business and DeFi applications. 🚨 New Partnership Alert 🚨XPayFi 🤝 @ENI__Official ENIAC Network is a next-gen enterprise blockchain built with ZK technology + modular…

Cathie Wood’s ARK Invest bought more shares in Tom Lee’s Ether treasury firm BitMine as the crypto treasury hit a milestone in Ether holdings. ARK Invest purchased 101,950 shares worth around $4.4 million in BitMine Immersion Technologies (BMNR) on Monday, spread across three funds: The Ark Innovation ETF, which now holds a 2.6% allocation to BitMine, the Ark Next Generation Internet ETF and the ARK Fintech Innovation ETF, which holds similar allocations. The three funds combined currently hold 6.7 million BitMine shares worth a total of $284 million, according to the fund prospectuses. Wood’s investment funds have been increasing their…

A new report details on-chain data and leaked texts from A7, a firm that specializes in sanctions evasion. Apparently, the company interfered in Moldovan elections to Russia’s benefit. These leaks do not contain a direct smoking gun connecting the Kremlin to A7, but tokens fund polling, activist networks, politicians, and more. It seems impossible that the government has no knowledge or involvement in these activities. Is Russia Interfering in Moldovan Elections? A7 has become something of a notorious name in the crypto community, launching the ruble-backed stablecoin that became a major vehicle for sanctions evasion. New leaks, however, cast the…

Cache Wallet has declared an official strategic alliance with LERAX, an EVM-compatible Layer 1 blockchain. The partnership is intended to enhance real-life asset (RWA) tokenization and provide greater protection to users and an effortless onboarding onto the Web3 realm. Such a move signifies the increased significance in the arena of secure and friendly tokenization of tangible assets like real estate, commodities, and other high-value holdings. Cache Wallet × LERAX 🤝🚨 Cache Wallet is proud to announce a strategic partnership with @lerax_rwaLERAX is an EVM-compatible Layer 1 blockchain that revolutionizes ownership by enabling fractional ownership and secure governance of real-world assets…

U.S. money market funds currently hold over $7 trillion, which some analysts believe could soon be rotated into various asset classes, including cryptocurrencies, potentially fueling the next leg higher in bitcoin BTC$112,005.21 and the alternative cryptocurrencies (altcoins). A money market fund is a type of mutual fund that invests in high-quality, short-term debt instruments, such as Treasury bills, certificates of deposit, and commercial paper. Total money market fund assets increased by $52.37 billion to $7.26 trillion for the week ended Sept. 3, according to the Investment Company Institute (ICI). Assets of retail money market funds increased by $18.90 billion to $2.96 trillion, and institutional funds rose by $33.47 billion to $4.29 trillion.…