Author: NBTC

World Liberty Fi expects its native voting token WLFI to become tradable in 6-8 weeks, following a community vote. The token, which is held by whales and retail, will enter price discovery, gauging the success of the Trump family crypto fund. World Liberty Fi announced its native WLFI token will start trading within 6-8 weeks. Following a community vote to make the asset transferable and tradable, WLFI will start exploring exchanges. The voting period was opened on July 4, finally reaching the decision to make WLFI transferable to wallets and exchanges. WLFI will prepare for trading after striking alliances with…

Continuing on the momentum of adopting stablecoins and crypto as a payment method in the UAE, the Abu Dhabi Judicial Department (ADJD) has partnered with Al Maryah Bank (MBANK) to introduce the use of digital currency for the payment of judicial and legal service fees. As per the press release, ADJD will be the first governmental entity in the Middle East to accept an AED stablecoin, AE Coin, for payment for court related transactions. AE Coin was the first AED stablecoin to be licensed in the UAE. ADJD sees this as part of UAE strategy towards establishing a digital economy…

Bitcoin may be entering a short-term correction phase, as on-chain and market sentiment indicators flash caution despite an overall bullish trend. According to a July 20 analysis by CryptoQuant contributor ShayanMarkets, Bitcoin (BTC) reserves on centralized exchanges have risen to their highest level since June 25. This uptick in exchange balances reflects ongoing profit-taking by investors, increasing the supply of BTC that could potentially be sold. Reserve increases of this kind have historically preceded market declines or times of price consolidation, particularly when they occur in tandem with waning buy-side momentum. Darkfost, a fellow CryptoQuant contributor, pointed out a significant…

Ethereum surged past the $3,300 mark on July 16, trading at levels not seen since early February, as inflows into spot Ethereum exchange-traded funds hit a new all-time high. As of this writing, Ethereum (ETH) is up 7% over the last day, trading at $3,336. The token peaked at $3,385 intraday, marking a significant breakout after weeks of range-bound movement. ETH has gained 20% in the last week and has now increased by about 30% in the last 30 days. It is only 31% below its peak of $4,878, which was reached in November 2021. The rally comes as demand…

There’s speculation about when the Fed will resume its interest rate cuts, which have been on hold since January. At this point, the majority of Fed members expect the first rate cut of the year to occur in July or September at the latest. Speaking recently, Fed member Christopher Waller stated that he wants to cut interest rates in July due to rising growth and labor market risks. Speaking at the New York University Money Marketers meeting, Waller said he believes the Fed should cut interest rates at the end of July because of the growing risks to the economy…

EtherFi, the largest Ethereum-based liquid restaking protocol with nearly $9 billion in total value locked (TVL), is branching out into the Hyperliquid ecosystem via a pre-deposit partnership with HyperBeat, the top yield aggregation protocol on the HyperEVM, Hyperliquid’s Layer 1 blockchain. EtherFi and HyperBeat are launching preHYPE, a secure multi-signature vault for early deposits ahead of the release of beHYPE, a liquid staking token (LST). The vault leverages EtherFi’s existing infrastructure and user network alongside HyperBeat’s yield optimization strategies. Within six weeks, preHYPE is set to transition to a fully smart contract-based system, according to a release viewed by The…

French Hill, Chair of the House Financial Services Committee, expressed confidence that the GENIUS Act, CLARITY Act, and Anti-CBDC bill have the votes needed to advance in the House. “I believe that we do have the votes to advance the Senate Genius Act, which will create the first federally regulated, with clear rules, dollar-backed payment stablecoin, which will unleash a new competitive round in how payments are done when they’re used in a blockchain application,” said Hill in a Wednesday interview with CNBC. Hill indicated that House Speaker Mike Johnson is currently coordinating how these measures will be presented for…

UK-based digital asset exchange Archax is set to acquire Deutsche Digital Assets (DDA), a regulated crypto asset manager in Germany, in a move that strengthens its footprint in Europe’s two largest financial markets. DDA manages around $70 million in assets and specializes in crypto exchange-traded products (ETPs) distributed through a network of European banks and asset managers. The deal gives Archax new licenses under Germany’s BaFin, including permissions for portfolio management and investment advisory—key capabilities for serving institutional clients in the EU. This acquisition builds on Archax’s 2023 purchase of Spanish broker KSCM. With the DDA deal, Archax now holds…

During a recent appearance on CNBC, Fundstrat’s Tom Lee predicted that the price of Bitcoin could potentially surge to $2.5 million in the long term. “I think, at a minimum, it should have the same network value as gold…But I think Bitcoin is more valuable than gold. I mean Bitcoin, could be $2 million $3 million long term, I mean even higher.” Lee added. Lee is convinced that the leading cryptocurrency could cross the $250,000 mark as soon as this year. More dovishness on the horizon According to Lee, Bitcoin is responding to global liquidity, which is currently moving up.…

The cryptocurrency world is abuzz with breaking news that signals a potentially significant shift in how traditional finance, especially that linked to high-profile political figures, views digital assets. According to a recent report by EmberCN on X, World Liberty Financial (WLFI), an entity reportedly connected to the Trump family, has made a substantial crypto investment, purchasing 1,531 units of Ethereum (ETH) for a staggering $5 million in USDC. This move, executed roughly 20 minutes before the announcement, has sent ripples across the market and sparked widespread discussion. What does this bold acquisition mean for the future of digital currencies and…