Author: NBTC

St. Louis Fed President Joseph Musallem said he believes the time for a rate cut is near. In his speech today, Musallem highlighted recent data that point to a positive shift in the inflation outlook and a balanced risk to the Fed’s dual mandate. “The latest data has strengthened my confidence that inflation is declining and that the Fed is not behind the curve,” Musallem said in a speech in Louisville. Musallem believes inflation is on track to meet the Fed’s 2% target and that the labor market is no longer a risk to inflation. Musallem noted that while services…

In the realm of digital finance, the TRON Network has recently witnessed notable activity within its stablecoin ecosystem, as reported for the period spanning June 28 to July 4, 2024. According to data, the average daily transfer volume of stablecoins surged to an impressive $13.93 billion across various stablecoins. These stablecoins include $USDD, $USDT, $USDJ, $TUSD, and $USDC. 🎉The average daily transfer volume of #stablecoins on #TRONNetwork reached $13,930,233,777 (2024.06.28-2024.07.04)! #USDD #USDT #USDJ #TUSD #USDC pic.twitter.com/LEdbroltbL — TRONSCAN (@TRONSCAN_ORG) July 5, 2024 TRON Stablecoin Trading Volume Soars, Market Cap Hits $58.1B This rise demonstrates the charged trading volume throughout the…

Bitcoin, the world’s leading digital asset, has had a turbulent recent experience, as its price crashed significantly despite market expectations. Although many investors have remained largely disappointed by the asset’s fluctuating performance, Samson Mow, a vocal Bitcoin bull and the chief executive of Bitcoin adoption-focused company JAN3, has uncovered a bullish setup for BTC. Institutional rush for Bitcoin exposure In a post shared on X, Mow revealed what will likely see the world’s leading digital asset soar in a massive bullish run. Mow identified an unprecedented “rush” among traditional institutions for Bitcoin exposure. Central banks and massive pension funds are…

Michael Burry exits his entire stake in Sprott Physical Gold Trust amidst signs of cooling inflation in the US. In addition to selling his gold position, Burry is now betting on consumer strength by investing in Shift4 Payments. Burry is also eyeing opportunities in the real estate sector, investing in Hudson Pacific Properties amid potential Federal Reserve rate cuts. As inflation slows down, Michael Burry shifts his investment strategy, shedding gold and betting on consumer spending and real estate recovery. Michael Burry Exits Gold Amidst Cooling Inflation Michael Burry, who gained fame for his foresight during the 2008 financial crisis,…

Shiba Inu (SHIB) is currently trading at $0.00001359 after an 8% decline. The dog-themed token has lost 36% of its value in a single month, struggling in the second half of 2024. Investors have become hesitant to enter the SHIB market due to this downward trend. Shiba Inu showed promise during the first half of 2024, but the second half has proven challenging. SHIB is struggling to gain momentum, with little to no positive price movement this quarter. The question remains whether SHIB can recover and rally by the end of 2024. Leading on-chain metrics and price prediction firm Coin…

In a recent public rant, Elon Musk addressed the ongoing inflation issue, pointing to excessive government spending and the Federal Reserve’s monetary policies as the main culprits. He said that cutting down on wasteful government spending is the best way to tackle inflation. This view is pretty common, but it received a surprising endorsement from Mike Novogratz, a big name in the crypto space. Novogratz, who has been a strong supporter of Bitcoin (BTC) and other digital assets, responded to Musk’s statement, pointing out that it affects people on both sides of the political spectrum. He believes that Bitcoin, along…

Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present interesting opportunities as payment tools, ultimately, no cryptocurrency can currently substitute for the U.S. dollar. Russian Analyst States Bitcoin Won’t Be Able to Substitute the U.S. Dollar, Calls Stablecoins Incomplete Replacements Viktor Pershikov, a Russian financial analyst with over 15 years of experience, has given his take on the role that bitcoin and crypto, in general, may play in substituting the U.S. dollar. The need…

Coinbase’s DOT ETF approval on July 15 could ignite a bullish trend for Polkadot and ecosystem altcoins. Kusama Network, with its scalable blockchain framework, stands to gain from increased ETF-driven investor interest. Enjin and Manta Network are positioned to leverage Polkadot ETF visibility for growth in gaming and decentralized apps. As Specified by publications, the largest American exchange, Coinbase, is planning to launch a Polkadot (DOT) Exchange-Traded Fund (ETF), which could define the fate of the cryptocurrency market. Sources close to the sale say that the FIRST apt for DOT ETF is July 15. This could be massive for the…

In an unexpected move, Cardano founder Charles Hoskinson, the founder of Cardano (ADA), stunned the ADA community with a thought-provoking Bitcoin meme. The image humorously contrasted Bitcoiners from 2013 with current-day Bitcoiners in 2024. The meme shared by Hoskinson depicted the resilience and determination of early Bitcoin enthusiasts despite major setbacks such as Silk Road and Wikileaks. In contrast, it highlighted the modern-day Bitcoin community’s preoccupation with issues such as ETFs, JP Morgan’s involvement and the debate over self-custody. This captures my feelings perfectly. I sadly lost the abs pic.twitter.com/0MKRUJuzx2 — Charles Hoskinson (@IOHK_Charles) August 16, 2024 Alongside the image,…

South Korea’s pension fund bought 24,500 shares of the Michael Saylor-led firm, before the 10:1 stock split. The MicroStrategy purchase can be seen as indirect investment in bitcoin (BTC). South Korean pension fund, National Pension Service (NPS), bought MicroStrategy (MSTR) shares worth nearly $34 million in the second quarter of this year, according to a filing made public earlier this week. The fund disclosed that it purchased 24,500 shares at an average price of $1,377.48, before MicroStrategy announced a 10-for-1 stock split in the beginning of this months. This brings the total number of shares to 245,000, valued at $32.32…