Author: NBTC
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. US equities and cryptocurrencies stalled Tuesday afternoon, reversing earlier gains after the White House dashed hopes that international tariff negotiations were on the table. The S&P 500 and Nasdaq Composite — after rallying more than 4% each at the start of the session — were back in the red by the close, ending the day about 2% and 1% lower, respectively. Bitcoin and ether were trading 4% and 6% lower on the day at 4 pm ET. Bitcoin, which briefly appeared insulated from the broader market…
Ethereum layer 2 project Taiko has launched its native token, TAIKO, on Revolut, one of Europe’s largest financial super-apps. According to an Apr. 8 press release, Taiko is now available to Revolut’s 45 million users across 50 countries, marking a big step in bringing the token to the mainstream. Through the Revolut app, users can now purchase the token directly, providing a simple fiat-to-crypto on-ramp and possibly boosting liquidity. Taiko is the first layer 2 to utilize the “based rollup” design, which makes use of the native security and sequencing features of Ethereum. Its design boosts speed and scalability without…
The price of Bitcoin fell to $79,500 on Thursday, erasing much of the prior day’s gains after jumping to $83,300, as jubilation over U.S. President Donald Trump’s tariff pause faded. BTC was recently down about 3.1% over the past 24 hours. The president lowered tariffs on most nations to 10% yesterday, sparking a furious rally within the cryptosphere and broader markets, as investors contemplated how the U.S. had avoided a trade war with 180 nations caught up in Trump’s “Liberation Day” announcement. Trump also raised tariffs on Chinese imports, yielding a total rate of 125%, and the confrontation with one…
Dormant ETH whale moves $20M after 8 years, triggering market speculation. ETH price drops 3.5% despite spike in volume and whale activity. Exchange data shows bearish tilt, but top traders remain bullish on ETH. A long-inactive Ethereum wallet has come back after eight years, initiating two major transfers that have captured the attention of blockchain analysts and market watchers. The whale wallet, previously dormant since 2017, executed transactions totaling nearly $20 million worth of ETH within the last 24 hours. According to blockchain data, wallet address 0x2178602E5a25E5eCa759939c7D56… transferred 10,856 ETH, valued at approximately $19.53 million, to a newly created address,…
The White House confirmed that 104% tariffs against China will go live at midnight tonight, much to the woe of the crypto market. After a brief recovery to $79,000, Bitcoin fell to $76,000 amid $300 million in total crypto liquidations. There are a few points of optimism, as Bitcoin’s long positions rose to 54%. Tomorrow will be a critical day to follow; it may bring chaos to TradFi, but crypto could potentially weather the storm. Trump’s Tariffs Massacre Crypto Market Trump’s tariffs are about to take effect, and the markets are in a profound moment of uncertainty. Yesterday, over $1…
Avalanche Octane introduces a dynamic fee system to enhance C-Chain performance under heavy network activity. Octane marks the start of performance-focused upgrades aimed at making Avalanche more efficient and scalable. Avalanche just went live with its Octane update on mainnet, and it’s no small upgrade. It’s the start of a series of updates designed to speed up and optimize the performance of the C-Chain—the heart of Avalanche’s smart contract ecosystem. Rather than relying on fixed fees like other traditional blockchains, Octane takes a new approach with ACP-176, which enables dynamic fees on the network. The result? Lower transaction fees and…
A bill proposing the creation of a state Bitcoin reserve was passed by the New Hampshire House of Representatives on Thursday. The House’s vote on New Hampshire Bill HB302, which if passed would allow the state’s treasury to invest in precious metals and digital assets, held a difference of just 13 votes, with 192 representatives voting for the bill and 179 voting against. The bill will now move on to the New Hampshire Senate. “We’re tied to the U.S. dollar, whether we like it or not, but this would allow us to have the state invest a small portion into…
Eric Trump, son of the sitting United States president, made a relatively unexpected endorsement of Ethereum (ETH) back on February 3. The executive vice president of the Trump Organization did so by means of a post on X. “In my opinion, it’s a great time to add $ETH.” In my opinion, it’s a great time to add $ETH. — Eric Trump (@EricTrump) February 3, 2025 This vote of confidence came shortly after Donald Trump announced that he would hold a press conference on February 4 to discuss the U.S. strategic crypto reserve. Soon after, 1,000 ETH was sent from Trump’s…
Tim Draper is all in on Trump’s trade offensive, calling it a powerful reset to end global freeloading, crush weak leadership, and spark massive U.S. innovation. Tim Draper Endorses Trump’s Trade Offense, Calls Xi a ‘Weak Leader’ in Global Face-off Venture capitalist Tim Draper expressed strong support for Donald Trump’s economic and trade initiatives in a post on April 7 via social media platform X, issuing sharp criticism of global trade practices and U.S. monetary policy. Draper, known for championing innovation and digital assets, framed Trump’s recent tariff threats as necessary pushback after years of what he called foreign exploitation…
Donald Trump and Chainlink are two names you wouldn’t expect together—yet, here we are. Crypto enthusiasts have noticed the breadcrumbs linking the current president and this blockchain powerhouse. Chainlink recently made appearances at prominent crypto events like the gala and summit. Could Trump’s influence somehow meet Chainlink’s decentralized network? Let’s connect the dots. Key highlights: Chainlink took center stage at a White House crypto summit, with co-founder Sergey Nazarov showcasing its potential to power real-world smart contracts in sectors like healthcare and agriculture. Donald Trump’s evolving stance on crypto—from skepticism to cautious endorsement—has brought the idea of integrating blockchain into…