Author: NBTC
The U.S. employment picture held solid in June, perhaps furthering Federal Reserve Chairman Jerome Powell’s insistence on remaining patient with respect to easing monetary policy. Nonfarm payrolls grew 147,000 last month, according to a report Thursday from the Bureau of Labor Statistics. Economist forecasts had been for job growth of 110,000, That’s also modestly up from May job growth of 144,000 (revised from an originally reported 139,000). The unemployment rate for June was 4.1% versus an expected 4.3% and 4.2% in May. The price of bitcoin dipped modestly in the minutes following the report’s release to $109,500. Bitcoin had been…
BabyDoge, a leading meme platform, has recorded a series of impactful updates over the past week, reinforcing its growth in the Decentralized Finance (DeFi) and real estate sectors. From May 2 to May 9, 2025, the project revealed a Binance-supported airdrop, claimed a top position in real estate tokens, and expanded its property offerings, alongside other developments. These moves highlight the platform’s strategic efforts to enhance its ecosystem and appeal to investors as it continues to establish itself as a leading player in the memecoin space. Unlike many other memecoins, BabyDoge now boasts unique utilities, combining memes with DeFi and…
Vladimir Tenev, co-founder and CEO of Robinhood, has outlined the platform’s intent to list “thousands” of private companies as tokenized stocks. The statement follows controversy regarding its tokenized stocks for private firms OpenAI and SpaceX. The ChatGPT creator went so far as to publicly denounce the offering. Private companies are not publicly traded on stock exchanges. The firms typically attract investment from founders, venture capitalists, private equity firms, and also sometimes angel investors, and employees. As a result, investment in these companies is closed off from the public. Robinhood’s tokenized stock offering, available only in the EU, seeks to solve…
Popular on-chain data agency Glassnode has published a thread, informing the community about old wallets starting to spend the Bitcoins they hold. The aggregate volume of BTC spending has surpassed the $4 billion level, which is the highest mark since February of this year. Old wallets move billions of USD in Bitcoin In particular, the thread states, the 3-5-year cohort of wallets is making its second-biggest outflow after March last year, when they spent roughly $6 billion worth of Bitcoin. So far, they have spent roughly $2.16 billion. Spending by older $BTC holders is heating up again. Aggregate volume from…
Are you an investor in Sweden looking for regulated, straightforward ways to enter the dynamic world of cryptocurrencies? The wait is over. Valour, a prominent issuer of exchange-traded products (ETPs) and a subsidiary of DeFi Technologies, has just made a significant move, launching eight new SEK-denominated crypto ETPs on the Spotlight Stock Market in Sweden. This expansion is set to redefine how Swedish investors access a diverse range of digital assets, bridging the gap between traditional finance and the innovative crypto economy. Valour’s Strategic Leap: Revolutionizing Crypto ETPs in Sweden Valour’s latest launch marks a pivotal moment for investors in…
SHIB-affiliated X account “Shibarium Updates” (@Shibizens) spreads the word about a massive weekly token burn conducted on Shibarium. Overall, more than one billion Shiba Inu meme coins were set on fire last week. 1.02 billion SHIB gone in virtual flames The tweet published by the aforementioned data source revealed that over the past week, the SHIB community has managed to dispose of a staggering 1,021,155,586 SHIB. Particularly, the message highlighted two large meme coin burn transactions, which carried 17,823,884.37 SHIB and 15,293,032.71 SHIB to unspendable wallets. Those took place on May 7 and May 10. The weekly burn increase was…
CoinGlass has released its 2025 first half report. The most important data in the report was that CME’s Bitcoin (BTC) futures open position surpassed Binance and ranked first overall. CME Surpasses Binance in Bitcoin! The open interest size in Bitcoin futures on the Chicago Mercantile Exchange (CME) has surpassed that of Binance, which is positioned as the world’s largest cryptocurrency exchange, according to CoinGlass data. The report also stated that Binance’s market share has been diluted, and the gap between OKX, Bybit, and Binance has widened. As of June 1, CMEBTC futures open interest reached 158,300 BTC ($16.5 billion), ranking…
Leading cryptocurrency Bitcoin (BTC) reached a new ATH after its rally last week, but then entered a consolidation period. While analysts generally expect the uptrend to continue, one analyst noted that Bitcoin could retest the $94,000 support amid market consolidation. Keith Alan, co-founder of trading resource Material Indicators, said in his latest analysis that Bitcoin has correction potential and could test $94,000. Keith Alan said that whales continue to accumulate and Bitcoin consolidates above $100,000. Stating that this situation supports the bullish outlook in BTC, Alan said that there is also a possibility of correction. If sellers temporarily regain control,…
China’s leading tech giants JD.com and Ant Group are actively lobbying Chinese regulators as part of a push to counter the U.S. dollar’s growing digital dominance. Both companies have urged the People’s Bank of China to authorize the issuance of stablecoins based on the offshore yuan in Hong Kong, sources familiar with the matter told Reuters. In private talks with the POBC, JD.com has emphasized that offshore yuan stablecoins are urgently necessary to advance the internationalization of the yuan, the sources explained. The same views have been expressed by others. “It would be a strategic risk if cross-border yuan payment…
A VeChain (VET) ambassador has highlighted that the capital market could soon embrace the project as it silently aligns itself as a carbon market, ESG compliance, and a real-world asset traceability platform. He believes that many investors could miss out on the upcoming explosive surge, claiming now is the best time to buy VET. A renowned VeChain (VET) proponent and ambassador, Sebastian ROK, has taken to X to explain why heavyweight institutions managing huge capital are missing out on VeChain. According to him, VeChain exists as an infrastructure play of the decade with its sustainability platform VeChainThor quietly powering the…