Author: NBTC

The direct trade dispute between the United States and China escalated further Wednesday, even as broader market sentiment saw relief. China announced an increase in tariffs on US goods to 84%, which is to take effect on April 10. This represents a direct response to President Donald Trump’s earlier imposition of a 104% tariff on Chinese imports. These tit-for-tat measures have intensified the ongoing trade war between the two largest global economies. How Did Markets React to Conflicting News? Interestingly, while specific US-China tensions worsened, broader financial markets, including crypto, showed slight recovery in the last 24 hours. The rally…

The sUSD stablecoin by Synthetix is having its second de-pegging episode for the past month. This time, the asset-backed stablecoin fell under $0.90, with a low around $0.83. The sUSD stablecoin issued by Synthetix has fallen below $0.90, with a low around $0.83. This is the second de-pegging event for sUSD in the past month. The stablecoin is issued on a relatively small scale, with only 30.3M in circulating supply. The sUSD stablecoin may face more de-pegging events due to a shift in its collateral and minting rules. | Source: Coingecko For sUSD, this is the second de-peg since the…

Bitcoin (BTC) surged roughly 6% in the last 24 hours following Trump’s announcement of a 90-day tariff pause for most countries—excluding China. However, technical indicators suggest that while buyers are stepping in, the upward trend might not be strong enough. The DMI shows rising positive pressure but a weakening overall trend. Meanwhile, the EMA structure hasn’t confirmed a full reversal, leaving the door open for both further gains or a potential pullback if momentum stalls. Bitcoin DMI Shows Buyers Are In Control, But The Trend Isn’t That Strong Bitcoin’s Directional Movement Index (DMI) chart reveals a noticeable shift in momentum.…

Rarible is about to launch a new experimental platform specifically designed for NFT trading: Rarible.FUN, created by traders for traders. The difference lies in the fact that on traditional platforms, NFTs are generally purchased to hold them, or in any case to put them in a portfolio while waiting to possibly resell them, whereas in this case the time horizon is much shorter, because it is that of traders, and the focus is not on holding. Rarible.FUN: the new platform for NFT trading MegaETH The launch of Rarible.FUN The comments of the dirigenti Rarible.FUN: the new platform for NFT trading…

Elon Musk, Tesla CEO and the boss of the US Department of Government Efficiency (playfully contracted as D.O.G.E. to honor Musk’s favorite cryptocurrency) has published a tweet featuring Kekius Maximus character based on the Pepe the Frog meme. Musk has done that for the first time in four months and quickly triggered the reaction of the crypto community, in particular those that support the PEPE meme coin. The publication of the tweet on Wednesday night coincided with the meme asset’s significant price jump. Musk returns with Kekius Maximus tweet Musk published an image of the meme character derived from Pepe…

The FDIC has thrown open the gates to crypto innovation, scrapping key barriers and embracing blockchain with a push for regulatory clarity. FDIC Shifts Crypto Rules, Sets the Stage for Digital Asset Banking Boom Acting Chairman Travis Hill used his address at the American Bankers Association’s Washington Summit on April 8 to lay out the U.S. Federal Deposit Insurance Corporation’s (FDIC) updated stance on digital assets and blockchain technology, emphasizing a shift toward regulatory openness. Hill highlighted that the FDIC has already revised key policies to reduce barriers for banks interested in crypto-related activities. The agency recently rescinded its requirement…

Mike McGlone, senior commodity strategist at Bloomberg, has defended his uber-bearish Bitcoin price prediction, arguing that a potential plunge to $10,000 would be “a simple reversion.” What’s not profound about $10,000 #Bitcoin? It’s simple reversion potential of a highly speculative and volatile risk asset with millions of #cryptocurrency dependents, that piggy-backed on the US #stockmarket’s record setting run. #Gold has three #preciousmetals dependents.… pic.twitter.com/0qarWkcGkl — Mike McGlone (@mikemcglone11) April 10, 2025 According to McGlone, the leading cryptocurrency has “piggybacked” on the US stock market’s record-shattering run. As reported by U.Today, McGlone has repeatedly predicted that Bitcoin could end up losing…

GHO is a decentralized stablecoin born from the Aave protocol. It promises a transparent, crypto-backed alternative to traditional dollar-pegged assets like USDT and USDC. Unlike most stablecoins, GHO is overcollateralized by crypto and governed by the Aave community. This quick guide breaks down what the GHO token is, how it works, and what makes it different. You will also learn about the risks and why GHO could matter in the broader DeFi stablecoin market. In this guide: What is GHO? How GHO works Unique features and tokenomics Use cases and adoption Risks and challenges Gho token: Advantages vs. challenges Should…

Ethereum has climbed 9% in the past 24 hours, following the Trump administration announcing plans to temporarily pause tariffs yesterday. It was also buoyed by Thursday morning’s better-than-expected U.S. inflation report—but ETF flows show that many investors are still retreating from cryptocurrency. At the time of writing, the Ethereum price has been sitting just above $1,500, after having fallen 0.4% in the past hour. Bitcoin, which has gained 6.1% in the past day, has fared better than the broader crypto market, which saw its market capitalization grow 4.2% since yesterday, according to CoinGecko data. Still, gains for the Bitcoin price…

U.S.-listed spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) saw outflows Wednesday even as the cryptocurrencies’ prices surged after President Donald Trump announced a 90-day pause in tariffs on most countries, excluding China. The 11 bitcoin ETFs lost a net $127.2 million Wednesday, with investors withdrawing $89.7 million from BlackRock’s IBIT alone, according to data from Farside Investors. Wednesday marked the fifth consecutive day of outflows, with the funds losing a cumulative $722 million over the period. Ether ETFs have also fallen out of investor favor and the nine funds saw a net outflow of $11.2 million Wednesday. The…