Author: NBTC
Key Takeaways Ethereum’s price surged nearly 50% to over $2,700 after the Pectra upgrade. Abraxas Capital acquired 211,030 ETH valued at approximately $477 million post-upgrade. Ethereum rallied nearly 50% to over $2,700 after the Pectra upgrade and is now around 6% below what it held when Eric Trump publicly promoted the asset, TradingView data shows. The president’s son voiced bullish sentiment toward Ethereum in a Feb. 3 post, tweeting, “In my opinion, it’s a great time to add $ETH. You can thank me later.” He later edited the statement to remove the last sentence. His post came on the heels…
Stocks inched higher today, despite concerns over lower retail spending and escalating retail prices. U.S. stocks edged up on Thursday, May 15, even amid negative retail indicators. The Dow Jones was trading at 42,191, up 140 points or 0.33%. The S&P 500 rose 18.75 points, or 0.32%, to 5,911. Meanwhile, the tech-focused Nasdaq was nearly flat at 19,140 points, down just 8 points or 0.04%. You might also like: Dow, S&P 500, Nasdaq wobble as stocks rally cools Stocks were weighed by retail sales figures released on the same day. Notably, growth in retail sales slowed dramatically in April. Sales…
Cratos tops gainers with a 27% surge, leading a rally in fan and DeFi tokens. Fan tokens like ATM and ACM post double-digit gains driven by Binance activity. Mid-cap DeFi assets show strong growth, with STPT and ABT leading in market value. Cratos (CRTS) emerged as the day’s top-performing digital asset on May 4, 2025, registering a 27% price increase according to data published by Phoenix Group. The token rose to $0.00040, lifting its market capitalization to $24.6 million. CRTS led a broader rally that included fan tokens and decentralized finance (DeFi) assets, many of which posted double-digit gains. The…
The Dubai Financial Services Authority (DFSA) has received interest from 96 companies for its first Tokenization Regulatory Sandbox. This initiative, based in the Dubai International Financial Centre (DIFC) enables firms to test tokenized financial instruments within a controlled regulatory environment, as detailed in their press release. The DFSA, the independent regulator of the DIFC, launched the Tokenization Regulatory Sandbox as part of its Innovation Testing Licence (ITL) program, which aims to balance support for technological innovation with investor protection and market stability. Related: First Government to Accept Crypto Payments: Dubai Rolls Out New System Tokenization, which involves the digital representation…
ADA’s Charles Hoskinson wants crypto’s tribal warfare to end, and he’s prepared to drop tokens on 37 million wallets across eight different blockchains to make peace. “Every Consensus, there’s a new token… running around saying, ‘my thing is better than your thing,'” Hoskinson said on stage at Consensus 2025 in Toronto. “The Nash equilibria is competitive, not cooperative.” Using Midnight’s upcoming airdrop, called Glacier Drop, for Cardano’s privacy-focused sidechain that’s currently under construction, Hoskinson thinks he can do his part to bring peace to the crypto galaxy. Glacier Drop was first teased in late 2024, Hoskinson revealed key new details…
Bitlayer, a bitcoin Layer 2 based on the BitVM paradigm, and Sui blockchain have teamed up to make bitcoin (BTC) more useful in the Sui ecosystem. The collaboration involves Sui integrating Bitlayer’s BitVM bridge to launch Peg-BTC (YBTC), a Bitcoin-backed token, on its platform, according to an exclusive announcement shared with CoinDesk. It allows bitcoin holders to transfer their BTC into Sui via the BitVM bridge. The bridged version, Peg-BTC, can then be used within Sui’s DeFi ecosystem to earn additional yields. “Bitcoin’s dominance as a store of value is unmatched, but its utility in DeFi remains untapped. By integrating…
Ethereum has made a surprise comeback, jumping nearly 50% in the last 6 days. It dipped below $1,800 just days ago and is now pushing toward the $2,700 mark. The retail investors who were once doubtful are now looking for the right moment to jump in. So what’s next for Ethereum? Santiment has recently shared some exciting insights on Ethereum’s comeback. Back in 2017, there was talk of Ethereum overtaking Bitcoin as the top crypto, thanks to its smart contracts and developer-friendly ecosystem. While that never happened, the debate over Ethereum’s potential to outshine Bitcoin’s first-mover advantage is still alive.…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. We’re entering the phase where we can see the impact of tariffs on the economy and gauge how companies are responding to these price increases. We’d forgive you for not knowing what the current tariff rates are, considering they change quite frequently. As for the China 90-day pause agreement, the aggregated effective tariff rate is somewhere around 12.6%: We’re now also seeing tariff revenue actively being collected: We’re now well within the phase where corporations must decide to either absorb cost increases or pass them onto…
Shiba Inu could cancel two zeros if Elon Musk promotes it like Dogecoin, based on historical data on DOGE performance. Shiba Inu and Dogecoin have a rich history of extraordinary price surges due to various factors that supported their movement. Meanwhile, some consider Shiba Inu the best-performing crypto asset of 2020/2021, as it experienced an astounding 150,000,000% price increase. Dogecoin also saw fantastic price movement during that cycle. Notably, its performance was mainly attributed to its historic endorsement from Elon Musk at the time. Unlike DOGE, Shiba Inu’s impressive growth was primarily due to community support and market hype. With…
Missouri’s House Bill 594 (HB594), which would eliminate capital gains taxes for residents in the state, recently passed a vote in the state’s House of Representatives and now awaits a signature from Missouri’s governor, Mike Kehoe (R). If the bill passes, Missourians can write off “one hundred percent of all income reported as a capital gain for federal income tax purposes,” according to the language in the bill. This means that residents of Missouri would not have to pay a capital gains tax when they spend (or sell) their bitcoin. This bill differs from a bill recently introduced in Rhode…