Author: NBTC
On June 18, U.S. President Donald Trump once again slammed the Federal Reserve chairman for not lowering the interest rate, calling him “stupid.” His statement comes as the federal agency is expected to make a big decision on interest cut today. While doubting the chances of a cut in the interest rate, Donald Trump said, “He is not a smart guy. He is worried about inflation. If there is inflation in six or nine months, you lower the rates or you raise the rates. You can do whatever you want. We have a stupid person, frankly, at the Fed. He…
A judge has made the decision to merge two lawsuits against memecoin platform Pump Fun into a single case that represents every buyer while cutting potential attorney rewards for legal firms Burwick Law and Wolf Popper. Judge Colleen McMahon filed an order on Wednesday, which consolidated the Kendall Carnahan case, solely representing PNUT token buyers, into the wider-scope Diego Aguilar case. McMahon previously asked the law firms involved, Burwick Law and Wolf Popper, to explain why they needed two lawsuits and two lead counsels in their legal action against Pump Fun. In addition to making Aguilar v. Baton Corporation Ltd.,…
Biswap saw a major 100% spike in hours, just after Binance announced that it would delist the token. Crypto markets are not always driven by fundamentals. On Thursday, June 26, Binance announced the delisting of five tokens, including Biswap (BSW). However, instead of triggering a price collapse, the delisting news sparked a major rally. 🛡 A Tough Goodbye – A Stronger FutureThe @binance delisting is tough. We’ve had a long journey together, but now, we fully embrace decentralization. CEXs can delist tokens, but they can’t delist vision – we’re free to build. And we’re just getting started🧵 1/2 https://t.co/bDSTE6uPvV —…
Arichain, a multidimensional L1 chain to overpower restrictions of conventional single-chain platforms, is collaborating with Emily On Chain, a U.S.-based project to fortify blockchain education along with Web3-based developer communities. The partnership focuses on expediting on-chain adoption as well as fortifying developer engagement across the Arichain ecosystem. The platform announced this development on its official social media account on X. Announcing Arichain’s Web3 Partnership Arichain X EmilyOnChain@emily_onchainis based in the United States and leads the Emily On Chain project, which focuses on developer communities and blockchain education, nurturing the next generation of Web3 developers.To support… pic.twitter.com/bNjHDnjeij — Arichain (@Arichain_) June…
Silk Road founder Ross Ulbricht has received millions of dollars in donations since his January 21 presidential pardon. However, a showering of digital assets and artwork means the millionaire is also racking up a substantial tax bill. Ulbricht could be facing two types of tax bills. By April 15 next year, he will owe federal taxes for the 2025 calendar year. This includes gift income. The US Internal Revenue Service (IRS) defines gifts, as “any transfer to an individual where full consideration is not received in return.” In other words, Ulbricht’s gifts of BTC, memecoins, and artwork qualify as gift…
Spot Ethereum exchange-traded funds (ETFs) traded in the United States have surpassed the $4 billion cumulative net inflow threshold in the 11th month of their launch. US Spot Ethereum ETFs Surpass $4 Billion Net Inflow Threshold This milestone was surpassed on Monday, June 23, with daily inflows of $100.7 million. Spot Ethereum ETFs began trading on July 23, 2024. Despite recent geopolitical tensions in the Middle East, the high daily inflows indicate continued investor confidence. Fidelity Takes Lead, BlackRock Second Fidelity’s FETH fund had the biggest inflow on Monday, with $60.5 million. BlackRock’s ETHA ETF, which usually leads, came in…
Circle’s stock surged 34% on June 18 to close at $199.59 after the GENIUS Act cleared the Senate. According to Yahoo Finance data, the stock briefly touched an all-time high of $200.90 before closing at $199.59. The move marked a nearly 6.5-fold increase from the company’s initial public offering price of $31 set two weeks earlier on June 5. The sharp rally came just after the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, a bill that would establish a comprehensive federal framework for regulating dollar-backed stablecoins such as Circle’s USD Coin (USDC). The legislation,…
The world of cryptocurrency is often seen as a frontier, full of innovation and opportunity, but also fraught with risks. When trust is broken, the consequences can be devastating, not just for individual investors but for the entire ecosystem. Recently, a significant legal development in South Korea has sent a clear message across the global digital asset landscape. The Korea Supreme Court has delivered a powerful verdict, upholding a substantial prison sentence in a case that directly impacted thousands of crypto users. This ruling isn’t just about one individual; it’s a pivotal moment for accountability in the volatile crypto market,…
The world of finance is constantly evolving, and South Korea is quickly becoming a hotbed for innovation. A significant development is brewing that could reshape how we think about money and transactions: Npay, a prominent payment platform linked to the South Korean tech behemoth Naver, has embarked on an ambitious journey to establish a robust infrastructure for the Korean won stablecoin. This isn’t just another tech announcement; it’s a strategic move that could pave the way for a new era of digital finance, promising greater efficiency, accessibility, and integration of traditional currency with cutting-edge blockchain technology. What is Npay’s Vision…
Clearpool, a well-known marketplace for decentralized capital markets, has announced its new partnership with Hex Trust, a completely licensed custodian for digital assets. The collaboration focuses on launching “Ozean,” an exclusive project that uses worldwide infrastructure of Hex Trust to unveil tokenized RWA access for institutions. The platform provided the details of this partnership in a recent X post. 🌐 Ozean leverages @Hex_Trust’s global infrastructure to provide access to RWAs via Port, the first RWA Exchange-Traded Pool.Hex Trust, a leading digital asset financial institution with licenses across key financial hubs, delivers institutional-grade security and compliance on… pic.twitter.com/52InfCLco9 — Clearpool (launching…