Author: NBTC

Elon Musk said he plans to reduce $1 trillion in government spending by the end of May in a Thursday interview with Fox News’ Bret Baier on Special Report. Musk stated that his Department of Government Efficiency is set to achieve these savings within 130 days from the start of Trump’s term on January 20. Musk explained that the plan would involve cutting more than half of the $1.8 trillion spent on non-defense discretionary programs in 2024. “I think we will accomplish most of the work required to reduce the deficit by a trillion dollars within that time frame,” he…

House Majority Whip Tom Emmer (R-MN) laid into Wyoming’s accelerating plans to issue its own stablecoin Thursday, issuing a rare rebuke of a fellow Republican crypto initiative. “I respect the vote of the Wyoming people, however, I personally am vehemently against any government issuing a tokenized version of its currency,” Emmer told Decrypt. “At the federal level, this would be considered a central bank digital currency.” Central bank digital currencies, or CBDCs—digital versions of a state’s fiat currency—have in recent years become a favored boogeyman of Republican politicians. GOP governors and President Donald Trump alike have worked to ban the…

Ethereum (ETH) dropped under $2,000 once again, losing over 5% overnight. ETH had a deeper crash than Bitcoin (BTC), which only took a step back to $86,000. Ethereum (ETH) crashed again, sinking under $2,000 after a general market downturn. The token has not achieved the promised breakout, and trades at 0.022 BTC. In fiat terms, ETH traded at $1,917.21, close to its three-month lower range. Ethereum (ETH) trades near a three-month low, though there are signs whales are accumulating at levels under $2,000. | Source: CoinGecko ETH sentiment remains neutral, and open interest has fallen to $9.9B. Derivative traders have…

Digital asset solutions provider BitGo and New York-based investment platform Republic are teaming up to democratize access to alternative investment opportunities. The partnership aims to offer individual investors access to investment products traditionally reserved for institutional and high-net-worth investors, the companies said in a press release. Republic will leverage BitGo’s infrastructure to strengthen its blockchain-powered investment ecosystem, bringing private market investments on-chain for ordinary investors. That includes the Hamilton Lane Private Infrastructure Fund, which Republic recently added to its platform. By tokenizing HLPIF, Republic is offering on-chain access to an asset class that was previously limited to traditional investors. More…

The European Central Bank (ECB) may reconsider its relationship with any European national bank that adds Bitcoin to its reserves, according to ECB board member Piero Cipollone. In a Feb. 6 interview, Cipollone suggested that if a national bank integrates Bitcoin into its holdings, the institution would need to assess the risks associated with its repurchase agreements (repo) and swap lines. He noted that the ECB would determine whether to maintain ties with such banks after conducting this evaluation. According to him: “We would need to do a risk management assessment of that. Let’s see if any central bank enters…

The Central Bank of the UAE (CBUAE) has unveiled the official symbol for the Digital Dirham, set to launch in retail markets by late 2025. Digital Dirham to Enable Tokenization The Central Bank of the UAE (CBUAE) has announced significant progress in its Digital Dirham initiative, unveiling the official symbol for the nation’s digital currency. It also confirmed a planned retail launch in the final quarter of 2025. This development is a key component of the CBUAE’s Financial Infrastructure Transformation (FIT) Programme, designed to solidify the UAE’s position as a global leader in financial market infrastructure and digital financial innovation.…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Solana has seen frenzied trading activity over the past year, and arguably the biggest beneficiary has been the network’s validators. Since November, validator revenue consistently netted at least $40 million every roughly two days, according to data from 21 co. That’s up from roughly $4 million every two days this time last year. A number of new validators have been springing up to enter the fray. The small crypto research startup Kairos Research launched a Solana validator in partnership with node operator Firstset this week, which currently…

Ethereum (ETH), the second largest cryptocurrency by market capitalization, has plunged significantly against Bitcoin (BTC). According to Alex Thorn, Head of Research at Galaxy, Ethereum has reached fresh lows of 0.02210 BTC per ETH, marking a 74% decline since the blockchain’s transition from proof of work (PoW) to proof of stake (PoS). ETHBTC made fresh lows 0.02210ether is down 74% against bitcoin since switching from proof of work to proof of stake pic.twitter.com/QrrwzDasHI — Alex Thorn (@intangiblecoins) March 28, 2025 Ethereum powers some of the most commercially key decentralized finance solutions in the digital assets market. In September 2022, Ethereum…

Cryptocurrency exchange Binance has announced the GUNZ (GUN) token as its new Launchpool project. Looking at past Launchpool projects, we can estimate the new airdrop distribution by examining the average airdrop amount per staked BNB and FDUSD. In previous projects, users who staked BNB received an airdrop worth $0.89 per token on average, while FDUSD stakers received an airdrop worth $1.78 on average per $1,000 of stablecoin staking. Of course, this value may change if factors such as the number of participants in this project, the amount of tokens distributed, and the starting price of the token when listed are…

Bitcoin (BTC) has been consolidating for over two months, with technical indicators suggesting the cryptocurrency may soon test key resistance levels, potentially paving the way for a breakout. Notably, an analysis by TradingShot highlights that BTC has been consolidating within a ‘Rectangle’ pattern, displaying remarkable technical symmetry, which could help trace its next move. At press time, BTC is trading at $99,543, with a one-day gain of 1.13%. Despite its year-to-date gain of 3%, Bitcoin’s price has remained range-bound for over two months, between $91,500 and $106,500, signaling ongoing consolidation. While Bitcoin hit a year-to-date high of $109,000 on January…