Author: NBTC
This is a segment from The Breakdown newsletter. To read full editions, subscribe. “Money and banking, in the end, is a confidence game, and our job at the Federal Reserve is to preserve confidence.” — Richard Fisher, President, Federal Reserve Bank of Dallas (2005-2015) In Michael Lewis’ Wall Street classic Liar’s Poker, the phrase “equities in Dallas” is wielded as an epithet — a catch-all term for the least competent people at Salomon Brothers doing the firm’s least desirable jobs. The young investment bankers in Lewis’ class of Salomon trainees lived in fear of being assigned to the equities division…
BCP Technologies, a cryptocurrency company registered in the UK, is claiming bragging rights for issuing the first stablecoin denominated in British pound sterling, Tokenised GBP (tGBP), under the UK’s regulatory ambit. The launch of tGBP follows a 14 month review including one month participation in the FCA regulatory Sandbox, which concluded on 31 May, the company said on Tuesday. Stablecoins, with around $250 billion in collective market cap, are one of the fastest growing areas within crypto. But the vast majority of these tokens are pegged to USD, in a market currently dominated by Tether’s USDT, the largest, and Circle’s…
In a time when the world needs climate solutions that actually work, this new partnership between a Swiss blockchain company and an Indian climate-tech startup is quietly setting a new benchmark. Last week, Fedrok AG, a Switzerland-based blockchain infrastructure provider, shared that they signed a formal MoU with TechXEarthSpace Pvt. Ltd., a deep-tech climate company headquartered in Bangalore. Their shared goal? To build a next-generation carbon credit, one rooted in real carbon removal, scientifically verified underground storage, and a layer of blockchain-backed transparency that removes guesswork from the equation. The core idea: climate action should be transparent, measurable, and verifiable,…
Bitcoin (BTC) may be on track to reach a new all-time high in the third quarter of 2025, according to insights comparing its trading patterns to those of gold. In this case, cryptocurrency analyst Ted Pillows highlighted this parallel, noting similarities between Bitcoin’s current price behavior and gold’s historical rally, he said in an X post on June 7. In his breakdown, Pillows explained that Bitcoin appears to follow the same sequence of market phases gold experienced before its major breakout. He noted that gold went through a distribution phase, followed by years of accumulation between 2013 and 2018. It…
Ethereum price made a bullish breakout this week, reaching a high of $2,832, its highest level since February 4. Ethereum (ETH) has jumped 102 percent from its lowest level in April, giving it a market capitalization of $333 billion. Currently trading at around $2,800 there are four reasons why the coin can soon rise to the $3,000 level. 1. Ethereum ETF inflows continue Wall Street investors are aggressively buying Ethereum funds, a sign that they expect further upside. SoSoValue data shows that inflows rose by $124.9 million on June 10, bringing cumulative inflows since inception to $3.5 billion. These fund…
U.S. Treasury yields are climbing swiftly, with the 30-year yield rising back above 5% and the 10-year jumping to 4.50% after the U.S. Court of International Trade ruled President Donald Trump’s key tariff measures illegal. The court said Congress had exclusive authority to regulate trade with other countries, and the president exceeded his authority by invoking emergency economic powers not intended for imposing broad trade levies, according to news service reports. While Wednesday’s ruling nullifies the general 10% and reciprocal duties, it does not affect sector-specific tariffs like those on steel or autos. The administration said it plans to appeal…
Do Kwon and the US government have agreed to delay his next scheduled court hearing to allow them to continue what they have called “productive” discussions and avoid unwanted pre-trial wrangling. Lawyers representing Do Kwon and the US government jointly requested the delay on June 9 as they continue discussing pre-trial motions and other “related issues.” Do Kwon’s legal team implied it would like to continue these “productive” talks and that an adjournment would allow it to “avoid certain pretrial motion practice.” Common pre-trial motions include dismissing charges, trying to suppress evidence from the court, or requesting to move to…
As Base booms into the fastest-growing Layer 2 on Ethereum, it’s also attracted a swarm of Sybil attackers—bad actors spinning up fake wallets to snag airdrops and game governance. Today, Human Passport (formerly Gitcoin Passport) unveiled a dedicated toolkit designed to verify real humans on Base, without slow, invasive KYC checks or awkward user flows. At the heart of the launch is a new machine-learning–powered Sybil Detection Model, fine-tuned for Base’s transaction patterns. In real time, it sifts through wallet behaviors—spotting the telltale signs of sock-puppet accounts trying to game the system. Best of all, everything operates fully on-chain: users…
Bitcoin (BTC) is showing signs of repeating a historic Golden Cross pattern that led to a long-term parabolic run. While the cryptocurrency’s recent pullback near the $100,000 region may have alarmed the crypto market, analysts suggest that this move is part of a broader trend that could push BTC to its next price high. Golden Cross Formation Pits Bitcoin At $150,000 Bitcoin has once again flashed a classic bullish signal, the Golden Cross, prompting renewed optimism for a major price rally in the coming months. According to a technical analysis by ‘Chain Mind,’ a crypto analyst on X (formerly Twitter),…
The largest altcoin Ethereum (ETH) has risen to $ 2,800 with the rise it has experienced in the last 24 hours. While the market is expecting ETH to break and exceed the $ 3,000 level, the analysis company evaluated ETH’s recent rise. Accordingly, analytics firm Matrixport said that Ethereum’s recent rally was due to leverage and not fundamentals. In its latest analysis from the X account, Matrixport highlighted that Ethereum’s outflow was driven by the leveraged trading market rather than the spot market. Analysts stated that the ETH funding rate rose to 13.7%, the highest level since February, and that…