Author: NBTC
US consumer price data came out on Monday, May 15. The core consumer price index (CPI), which measures underlying US inflation, increased less than expected in April. It climbed 0.3% from March, marking the first time in six months. This figure suggests a possible downtrend in inflation, raising hopes for a future Federal Reserve interest rate cut. Crypto Market Rebounds as US Inflation Slows, but Will It Last? Yet, Fed officials need more data before considering rate cuts. On Tuesday, Fed Chair Jerome Powell said the central bank will “need to be patient and let restrictive policy do its work.”…
Earlier today, RARI Chain announced an upcoming migration to use Celestia Org, the leading modular DA layer. RARI Chain is a creator-first blockchain powered by Arbitrum, offering a secure and low-cost environment with royalties embedded on the sequencer level. According to the firm’s statement, moving our DA layer from a Data Availability Committee to Celestia Org is a crucial milestone for their path to decentralization. 1/3 RARI Chain with @CelestiaOrg underneath 
We are thrilled to announce the upcoming migration to use @CelestiaOrg, the leading modular DA layer. pic.twitter.com/FKaeZQXscR — RARI Chain (@RariChain) June 3, 2024 Celestia Keeps Blooming This development…
Galaxy Digital founder and CEO Mike Novogratz told CNBC’s ‘Squawk Box’ on Tuesday that the US crypto sector is headed for positive regulations regardless of who wins the upcoming election. Mike Novogratz, one of the biggest crypto bulls, shared his outlook during an interview that touched on the current US political scene, Biden’s disastrous debate and crypto. The billionaire asserted that despite the current status of crypto regulation in the US, he believes the next regime will take a positive stance and help the industry grow. “I am not a single issue voter and I do fundamentally believe crypto should…
Main Takeaways To kick off our seven-year anniversary (7YA) celebrations, Binance street and beach parties are popping up across the globe. Share what it means to you to ‘Be Binance’ and complete other tasks in our giveaways to share crypto rewards, exclusive merch and more! To stay updated on everything that’s been planned to celebrate you, our community, as we mark this milestone, follow our social media channels and use #BinanceTurns7 to find out more. Binance is gearing up to celebrate our seven-year anniversary on July 14, 2024! To mark this special occasion we are hosting a variety of global…
Bit Digital and Iris Energy reported June Bitcoin (BTC) mining results on July 5, posting one-year hash rate increases alongside reduced BTC output since April. Bit Digital reported a hash rate of 2.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in May and 1.78 EH/s in June 2023. The firm produced 61.7 BTC in June, down 2.5% from May. In earlier reports, the company said it produced 63.3 BTC in May and 119.3 BTC in April. The company also reported results of its other revenue streams, including aggregate staking rewards of approximately 49.8 ETH and…
peaq, known for its role as the layer-1 blockchain for DePIN and Machine RWAs, is expanding its ecosystem with SPIN.FASHION. This partnership marks a transformative era for luxury and art in the digital realm, as SPIN.FASHION—trusted by industry leaders such as Kering, Vogue, Galeries Lafayette, and H&M—pioneers a cutting-edge platform for minting, connecting, and trading next-generation phygital NFTs.—At the core of SPIN.FASHION’s innovation lies its ability to tokenize real-world art and luxury items, transforming them into on-chain RWAs complete with 3D digital twins. This integration not only enhances the authenticity of products but also introduces immersive extended reality (XR) experiences…
On May 15, 2024, at 05:00, Coinbase experienced a significant outflow of 16,021 Bitcoin, valued at approximately $989,561,227. This marks the seventh instance in 2024 where over 15,000 Bitcoin have been withdrawn in a single transaction. 16,021 $BTC Outflow from Coinbase“This is the seventh time in 2024 that there has been a outflow of more than 15,000 #Bitcoin” – By @burak_kesmeci Read the full post 
https://t.co/X17bEV0yl0 — CryptoQuant.com (@cryptoquant_com) May 15, 2024 According to data from Glassnode, these large Bitcoin outflows have been recurring since February 19, 2024, when the first significant withdrawal of 18,746 Bitcoin occurred. Since then, similar…
Ethereum’s dominance in the DeFi space is facing a significant challenge as new blockchain platforms with substantial Total Value Locked (TVL) have emerged in the first half of 2024. This surge in competition signals a potential shift in the DeFi landscape, as investors seek out platforms offering innovative features, robust security, and attractive yields. Total Value Locked (TVL) represents the total value of assets held within a blockchain’s protocols and smart contracts. It’s a key metric because it reflects a platform’s liquidity, security, and user activity. Platforms with higher TVL typically offer better collateralization, which reduces risks in lending and…
Lugh, a European stablecoin provider, announced that it has stopped the issuance of its Euro-pegged stablecoin EURL due to the coming into force of the European Union’s Crypto Asset Markets Directive (MiCA). According to the statement made on its website, the company guarantees the repurchase of existing EURLs until August 30, 2024. This development comes after Binance, the world’s largest cryptocurrency exchange by trading volume, announced that it would soon limit the availability of “unregulated” stablecoins in the EU. While Binance has not specifically mentioned major stablecoins such as Tether’s USDT and Circle’s USDC, there are growing concerns that European…
Lawyers for Digital Currency Group, Barry Silbert and Michael Moro filed responses to New York Attorney General Letitia James’ latest effort to support a lawsuit against the crypto company and executives. The NYAG’s office sued DCG and the affiliated executives last year. Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convince a judge to toss out New York Attorney General (NYAG) Letitia James’ civil fraud suit against them.…