Author: NBTC

US stocks reacted sharply to the consumer price index inflation reading for September, with the Dow Jones Industrial Average jumping more than 350 points and both the S&P 500 and the Nasdaq hitting new all-time highs. Summary The US Bureau of Labor Statistics released the consumer price index inflation report for September on Friday. US CPI data showed inflation rose 0.3% in the month, compared to forecasts of 0.4%. Dow jumps 350 points, S&P 500 and Nasdaq hit record highs. US stocks rose on Friday as the market reacted to cool inflation data, with investors upbeat ahead of the Federal…

South Korea is considering the possibility of revisiting its sanctions framework on North Korea, days after a new U.S. sanction has linked Pyongyang’s crypto theft operations to weapons financing. Speaking in an interview with Yonhap News TV on Thursday, Second Vice Foreign Minister Kim Ji-na said Seoul “can consider reviewing sanctions as a measure if they are really needed,” citing the importance of U.S.-Korea coordination on digital threats posed by the North. “In cases of cryptocurrency theft by Pyongyang, coordination between South Korea and the U.S. is important, as it can be used to fund North Korea’s nuclear and missile…

Binance, the world’s largest cryptocurrency exchange, continues its innovative efforts. Binance has made an important announcement regarding the Sei Network (SEI). Accordingly, in the official statements made by Binance and Sei Network, it was announced that Binance is an official validator on the Sei Network. This means Binance has joined the SEI blockchain’s block production and network security maintenance. On a public blockchain, validators are responsible for recording transactions, generating blocks, and verifying transactions. Leading exchange Binance has now joined the SEI network as a validator. “The world’s largest cryptocurrency exchange is now a Sei Network validator. Binance, which powers…

Bitcoin’s mining sector is under mounting pressure as the hash price, the industry’s key profitability metric, slips toward levels that could force smaller operators offline and strain the wider supply chain. Hash price, which measures expected daily revenue per unit of computational power, is currently around $42 per petahash per second (PH/s). The metric has been in steady decline since July, when it surged above $62 per PH/s. The push toward the $40 level leads Bitcoin mining operations, which are already facing razor-thin profit margins, to consider shutting down their rigs, according to TheMinerMag. The decline in hash price is…

The United Nations Development Programme (UNDP) plans to launch two initiatives aimed at helping countries adopt blockchain technology. Robert Pasicko, the leader of UNDP’s financial technology team, AltFinLab, told Cointelegraph at the UN City offices in Copenhagen, Denmark, that the organization plans to launch a blockchain education program for government officials alongside a blockchain advisory body. The initiative builds on the UNDP’s existing blockchain academy for UN staff, now aimed at helping governments implement blockchain in real-world applications. Pasicko said that “in a few weeks,” the new academy will begin operations and select four governments to work with. He expects…

Korea pledged up to $350 billion for U.S. projects in July 2025 to unlock relief on U.S. tariffs on Korean exports. Negotiators then argued over how much must be paid in cash versus loans, guarantees, or equity. On October 20, Industry Minister Kim Jung-kwan said Washington softened the idea of all-cash funding. Even so, the gap remains wide: reports put the U.S. ask near $200 billion in cash over eight years, while Seoul says it can manage about $15 billion per year without straining reserves or domestic credit. That tension now defines the policy path, the currency path, and the…

US President Donald Trump said he would not announce any new tariffs while the Supreme Court considers a critical case on tariffs. The president noted that a plan B would be needed in case the trial “does not proceed smoothly,” adding, “We can do other things, but they will be slower in comparison.” Trump’s comments come as the Supreme Court this week hears two separate legal challenges to the president’s use of the International Emergency Economic Powers Act (IEEPA) for tariffs, particularly those against Canada, which are also under scrutiny. During the hearing, the conservative-leaning Supreme Court justices sharply questioned…

Crypto media and wallet platform Bitcoin.com has partnered with Concordium, a privacy-focused layer-1 blockchain, to enable age-verified stablecoin payments across more than 75 million wallets on Bitcoin.com’s network. Announced on Thursday, the integration allows wallet users to verify specific identity attributes, such as age or jurisdiction, without revealing personal details. Verification occurs off-chain through independent third-party providers, and no personal data is stored on the blockchain. Each transaction utilizes zero-knowledge proof technology to verify compliance requirements while maintaining user privacy. Corbin Fraser, CEO of Bitcoin.com, said the ability to make age-verified payments helps balance user anonymity with regulatory compliance, an…

Cwallet, a popular crypto wallet, has announced its exclusive partnership with Conflux Network, a public L1 blockchain. The partnership is set to integrate the next-gen L1 blockchain infrastructure of Conflux Network with the thorough digital asset management capabilities of Cwallet. As disclosed by Cwallet in its official announcement on X, the development underscores a forward-looking endeavor to fortify the foundation for the cutting-edge payment and stablecoin ecosystems. Hence, this move is expected to significantly contribute to the development of a relatively interoperable and inclusive Web3 economy. Cwallet × Conflux Network: Advancing Web3 Together We’re excited to announce Cwallet’s partnership with…

On October 23, spot Bitcoin ETFs attracted $90.60 million in inflows, with none of the funds posting any outflows. On the other side, Ethereum ETFs recorded $93.60 million in outflows, according to SoSoValue. Bitcoin ETF Breakdown Bitcoin ETFs recorded a total of $90.60 million in inflows, with two funds posting any action for the day. Fidelity FBTC and BlackRock IBIT gained $57.92 million and $32.68 million, respectively. Total trading value in Bitcoin ETFs dropped to $3.34 billion, with net assets of $149.96 billion. This represents 6.78% of the Bitcoin market cap. Ethereum ETF Breakdown Ethereum ETFs also recorded $93.60 million…