Author: NBTC
As U.S. President Donald Trump seeks to impose sweeping trade measures to reshape the American economy, the Trump administration is racing to finalize details of his new tariff agenda by a self-imposed Wednesday deadline, according to the Wall Street Journal. One key point of contention within the administration is whether to impose individualized tariff rates on U.S. trading partners, as Trump has hinted in recent weeks, or to return to his promise of a blanket tariff affecting nearly all countries doing business with the U.S., according to people familiar with the discussions. Trump has previously tried to temper expectations for…
Over $101.5 million worth of tokens are scheduled to be unlocked across major crypto projects this week, potentially adding to market volatility as the financial repercussions of recent tariff announcements continue. According to unlock data aggregator Tokenomist, Saga (SAGA) leads with the largest unlock valued at $35.37 million, representing a significant 118.62% of its current circulating supply. Other major unlocks include Aptos (APT) at $33.43 million (1.12% of circ. supply), Tensor (TNSR) at $16.71 million (35.86%), and Axie Infinity (AXS) at $7.29 million (1.69%). Traders are closely monitoring these events, as token releases often introduce price fluctuations. Largest Unlocks: SAGA,…
Leading XRPL wallet Xaman recorded impressive transactional and user-related figures in Q1 2025 amid growing traction toward the XRP Ledger. The buzz around XRP and the XRP Ledger has only spiked since its November price outburst. User participation and liquidity have surged within the ecosystem, spilling to applications building on the network. Xaman, a prominent self-custody wallet developed by XRPL Labs, has benefited immensely from these activities. Specifically, the web3 wallet processed over a billion dollars in XRP payments in the year’s first quarter. $1B Worth of Transactions in Three Months In an X post, Xaman, formerly Xumm, disclosed impressive…
It’s been a tumultuous start to April, as global markets experienced significant downturns, with U.S. equities and cryptocurrencies reacting to escalating trade tensions. The U.S. stock market has shed a staggering $9.6 trillion in value since President Donald Trump’s second-term inauguration in January. Notably, $5 trillion of that decline occurred over the past two days, marking the largest two-day loss on record. The Nasdaq Composite index is on the verge of confirming a bear market, having fallen over 20% from its December 2024 peak of 20,173.89. Also, JPMorgan Chase now estimates a 60% probability of a U.S. economic recession. This…
Interest in cryptocurrencies shows no signs of slowing down in Hong Kong as 25% of adults planning to invest, a new survey finds. A November 2024 survey by the Hong Kong University of Science and Technology found that a quarter of respondents plan to hold cryptocurrencies, up 6% from a poll conducted in September 2023, The Standard reports. The survey, which polled 5,863 adults over three weeks, also found that uncertainty still remains high. Across all three surveys, at least 40% of respondents indicated uncertainty in holding cryptocurrencies in the future, the HKUST research team stated. At the same time,…
Grayscale has filed Form S-1 with the SEC to launch a spot Solana ETF. It comes after NYSE Arca submitted a 19b-4 application to the SEC, proposing to convert the Grayscale Solana Trust into an exchange-traded product. The SEC formally acknowledged the filing on February 6. S-1 is the formal registration statement required to offer and trade shares of Grayscale’s proposed fund under the Securities Act. The filing, dated April 4, reveals the firm plans to list the ETF—initially named Grayscale Solana Trust (SOL)—on the NYSE Arca exchange. Once approved, the trust will be renamed Grayscale Solana Trust ETF. The…
Ethereum faces key support at $1,800 with possible drop to $1,500. RSI shows oversold conditions but Ethereum needs to break $2,000. A short squeeze could trigger a rally, pushing Ethereum back to $3,000. Ethereum’s (ETH) price movement poses some questions which may affect its short-term outlook, especially with the price being approximately $1,800. A recent chart that crypto analyst Anup Dhungana has shared shows that the future direction of Ethereum is uncertain, as it may decline slowly to $1,500 or consolidate at $1,800 levels prior to any major movement. With the approach of April 2025, uncertainty and volatility increase, with…
Following the recent market downturn, a Binance user who holds over 612 billion Shiba Inu tokens lost a whopping $4.125 million. Many crypto investors have suffered significant losses over the past few months due to market downturns that have wreaked havoc on the prices of top assets like Shiba Inu. In a tweet yesterday, Onchain Lens revealed that a crypto whale had incurred substantial losses on their Shiba Inu investment. The untagged address, 0xbf9…d38ea, currently holds 612,295,960,405 (approximately 612.3 billion) SHIB tokens worth $7.85 million. Notably, Onchain Lens suggested that the value of these tokens has dropped significantly since their…
Bitcoin and altcoins continue to suffer under the weight of US President Donald Trump’s new tariff announcement. While BTC and altcoins have failed to rise in the face of economic uncertainty fueled by tariffs, analyst il Capo, who is remembered as a bear analyst, continues to be optimistic about the market. In his statements via his X and Telegram accounts, he states that Bitcoin is preparing for a rise and that despite the current downward trend, the general picture is bullish. Il Capo first said that Bitcoin is ready for an uptrend and is currently trying to find direction. The…
Flare System Protocol uses PMWs to securely enable cross-chain transactions without user platform switching. FSP supports future protocols like FAssets V2 and XRP staking on a unified, decentralized foundation. In the middle of rapid innovation in the blockchain world, Flare takes an unusual approach. One protocol that is rarely discussed but actually plays a central role in the architecture of this network is the Flare System Protocol (FSP). The name may sound technical, but the function of this protocol is actually very basic: to be a bridge between networks in a way that is not inconvenient for users. Just imagine…