Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. It’s hard to escape the doom-and-gloom headlines — and price action — but what if I told you that real-world assets are still looking good? Before we get into that, I do want to touch on bitcoin’s price action yesterday. There had been a lot of hope that Friday’s lack of a selloff meant that crypto and macro weren’t walking down the same path arm-in-arm. Unfortunately, because bitcoin is still at least somewhat of a risky asset, it has been caught up in the tariff-driven selloff, falling…
Chainlink, a decentralized oracle network that provides reliable tamper-proof data for smart contracts, has recently launchedPayment Abstraction. This system, now live on the Ethereum mainnet, aims to streamline payments for Chainlink services and enhance the user experience. In this article, we’ll break down what Chainlink Payment Abstraction is, how it works, its first application with Chainlink Smart Value Recapture (SVR). What is Payment Abstraction? Chainlink Payment Abstraction is a system that enables users to pay for Chainlink services using various digital assets, such as gas tokens and stablecoins. This payment method is designed to reduce friction, simplifying the payment process…
Binance exchange published its 29th Proof of Reserves snapshot report, based on the one taken on April 1, 2025. The report suggests there has been a drop in some of the largest cryptocurrencies carried by users in the platform relative to last month. Based on the figures, Binance customers’ Bitcoin (BTC) holdings are now at 612,675 BTC. This is down by 15,577 BTC (2.48%) from the March 1 tally. Ethereum (ETH) holdings have also dropped to 5,465,167 ETH. It represented a decrease of 152,248 ETH around 2.71% from last month. USDT holdings registered the biggest percentage decline among key assets,…
An expert has identified a key Bitcoin buying zone around $65K, arguing that activities within this range could lead to substantial gains. Bitcoin has faced challenges breaking through key resistance levels, particularly around the $85,000 mark. As of today, the price of Bitcoin stands at $83,131.52, marking a 1.27% decline in the last 24 hours and a 4.85% drop over the past week. Despite the setbacks, significant support levels continue to pose buying opportunities. According to CryptoQuant’s analyst Boris Vest, the Active Realized Price, excluding long-dormant coins, is around $71,000. This price point has been a key support level in…
Global markets are in turmoil and investors are betting that the Federal Reserve will be forced to step in with aggressive rate cuts as financial stress intensifies across asset classes. Markets Fall as Investors Believe Fed Will Have to Cut Rates in 2025 Bitcoin (BTC) fell 10% on Monday to around $74,500, while U.S. stock markets are on track for their worst three-day decline in years. S&P 500 futures are down nearly 5% in a single session, bringing the total loss since last week to close to 15%. As riskier assets come under pressure, investors are increasingly pricing in a…
The Compound (COMP) price has jumped to an intraday high of $66.28 following the announcement of its listing on Upbit, the largest exchange in South Korea. Upbit announced it is adding Compound (COMP) trading pairs—COMP/KRW, COMP/BTC, and COMP/USDT—to its spot market, sparking a near-100% surge in the COMP price before a slight correction. The announcement from Upbit detailed trading restrictions, such as a five-minute buy order limit and a one-hour restriction on non-limit orders, ensuring stability as the COMP price stabilizes post-launch. This calculated rollout has kept traders engaged and optimistic. This milestone underscores the growing appeal of the Compound…
US President Donald Trump announced bilateral tariffs with other countries on April 2, Independence Day. Bitcoin (BTC), which had previously risen to $88,000, crashed along with the US stock market after Trump completed announcing bilateral tariffs. However, Bitcoin managed to hold on to $82,000 despite the tariff-induced sell-off in the US. As risk aversion continues in Asia, investors await Beijing’s response to Trump’s sweeping bilateral tariffs on China and other Asian countries. Trump imposed a new 34% tariff on goods from China, on top of the existing 20% tariff, bringing the total tax to 54%, the highest for any country.…
Aavenomics, the proposal to modify Aave protocol tokenomics and introduce token buybacks, has achieved a quorum for the Aave DAO. Aave Chain Initiative (ACI) founder Marc Zeller announced this on X, noting that it marks a new era for the protocol. According to Zeller, the $1 million per week of AAVE token buyback will start on Wednesday after most Aave DAO members voted overwhelmingly in favor of the proposal. Over 427,000 votes were cast in support of the proposal, more than the required 320,000 votes, while only 2,000 votes were against Aavenomics buyback proposal passes. Source: Marc Zeller on X…
President Donald Trump reiterated calls for Fed rate cuts, saying there is no inflation. “Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place,” Trump said on a Truth Social post on Monday. Trump imposed tariffs on several nations last week, boosting the total levy on China to 54%, which drew retaliatory action. Since then, markets have collapsed, with futures tied to…
The stablecoin market has seen major shifts in March, with Ethena’s USDtb breaking into the top 10 stablecoins by market cap, Tether losing 61% of market dominance, and EURC’s market cap reaching a new all-time high. According to CoinDesk’s Stablecoins & CBDCs Report as of March 26, the market capitalization of USDtb, a synthetic stablecoin backed by BUIDL, surged 1,219% in March to $1.18 billion, making it the 8th largest stablecoin by market cap. Source: CoinDesk’s Stablecoins & CBDCs Report This rapid rise coincided with Ethena Labs’ launch of Converge EVM-compatible blockchain in partnership with Securitize, where USDtb stablecoin will…