Author: NBTC
US President Donald Trump announced bilateral tariffs with other countries on April 2, Independence Day. Bitcoin (BTC), which had previously risen to $88,000, crashed along with the US stock market after Trump completed announcing bilateral tariffs. However, Bitcoin managed to hold on to $82,000 despite the tariff-induced sell-off in the US. As risk aversion continues in Asia, investors await Beijing’s response to Trump’s sweeping bilateral tariffs on China and other Asian countries. Trump imposed a new 34% tariff on goods from China, on top of the existing 20% tariff, bringing the total tax to 54%, the highest for any country.…
Aavenomics, the proposal to modify Aave protocol tokenomics and introduce token buybacks, has achieved a quorum for the Aave DAO. Aave Chain Initiative (ACI) founder Marc Zeller announced this on X, noting that it marks a new era for the protocol. According to Zeller, the $1 million per week of AAVE token buyback will start on Wednesday after most Aave DAO members voted overwhelmingly in favor of the proposal. Over 427,000 votes were cast in support of the proposal, more than the required 320,000 votes, while only 2,000 votes were against Aavenomics buyback proposal passes. Source: Marc Zeller on X…
President Donald Trump reiterated calls for Fed rate cuts, saying there is no inflation. “Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place,” Trump said on a Truth Social post on Monday. Trump imposed tariffs on several nations last week, boosting the total levy on China to 54%, which drew retaliatory action. Since then, markets have collapsed, with futures tied to…
The stablecoin market has seen major shifts in March, with Ethena’s USDtb breaking into the top 10 stablecoins by market cap, Tether losing 61% of market dominance, and EURC’s market cap reaching a new all-time high. According to CoinDesk’s Stablecoins & CBDCs Report as of March 26, the market capitalization of USDtb, a synthetic stablecoin backed by BUIDL, surged 1,219% in March to $1.18 billion, making it the 8th largest stablecoin by market cap. Source: CoinDesk’s Stablecoins & CBDCs Report This rapid rise coincided with Ethena Labs’ launch of Converge EVM-compatible blockchain in partnership with Securitize, where USDtb stablecoin will…
Since the start of this year, the Bitcoin market has experienced a decline of 10.64%. Although, at one point in January, the market touched a new all-time high of $109,586.27, the monthly returns of the month was just 9.54%. In February, the returns declined sharply to -17.5%, probably due to economic uncertainty created by Trump’s aggressive tariff plan. In March, the BTC market scenario slightly improved, as its monthly returns grew to -2.19. Since the beginning of this month, the market has surged by 1.30%. Interestingly, yesterday, the market made a strong attempt to break above two key technical levels,…
JPMorgan Chase CEO Jamie Dimon is warning investors about the potential of rising prices and further slowing of the U.S. economy as a result of U.S. President Donald Trump’s tariff policy. “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Dimon warned in his annual letter to shareholders. “Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth.” “Whatever you think of the legitimate reasons for the newly announced tariffs – and, of course, there are some – or the long-term…
Q1 2025 was a productive quarter for the IOTA Foundation. With the Mainnet launch on the horizon, teams across the organization – from R&D to Ecosystem, Product, Legal, and Communications – worked in sync to finalize critical infrastructure, onboard partners, grow the community, and accelerate real-world adoption. IOTA is entering Q2 with strong momentum, readiness, and a clear path forward with the much-anticipated launch of IOTA Rebased. Research & Development The first quarter of 2025 has been a productive period for the IOTA Foundation‘s Research and Development department. Our teams made significant progress across several critical areas, preparing the project…
Bitcoin blockchain’s hashrate is surging, revealing a growing dislocation between the network activity and prices for its native token bitcoin (BTC). On a 14-day moving average, the hashrate, representing the computational power required to mine a block on the proof-of-work Bitcoin blockchain, recently reached an all-time high of 838 exahashes per second (EH/s), and on a 24-hour time frame, it spiked to 974 EH/s, the second highest level ever, according to Glassnode data. Measuring over a 24-hour window can be misleading due to block time variability, so longer timeframes give more reliable insights. In two days, Bitcoin’s difficulty adjustment —…
Coins tied to Luigi Mangione have shot over 300% in under 2 hours following his recent court proceedings. According to reports, US prosecutors will seek the death penalty for Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson. Attorney General Pam Bondi on Tuesday said she had ordered federal prosecutors to pursue the death penalty in the case against Luigi Mangione. “After careful consideration, I have directed federal prosecutors to seek the death penalty in this case as we carry out President Trump’s agenda to stop violent crime and Make America Safe Again,” the attorney general said. UnitedHealthcare…
James Lavish, a macro investor and managing partner at the Bitcoin Opportunity Fund, has recently criticized traders selling BTC on the impact of U.S. tariffs. Lavish stated that those selling Bitcoin due to tariffs “have no idea what you own.” His remarks came after Bitcoin experienced a drop in value following President Donald Trump’s announcement of new tariffs. Good evening. If you are selling Bitcoin because of ‘tariffs’, then you have no idea what you own. Have a great night. — James Lavish (@jameslavish) April 3, 2025 Lavish has been a Bitcoin maxi, sharing bullish posts about BTC. He previously…