Author: NBTC
The latest jobs report has left the Fed in a difficult position, potentially leading to a hard landing for the economy. Unexpected weakness in employment data has prompted the Fed to consider significant interest rate cuts in the coming months, according to The Wall Street Journal. Major financial institutions, including Citi and JPMorgan, predict that the Fed will implement a series of rate cuts: 50 basis points (bps) in September, another 50 bps in November and 25 bps in December. CME’s data shows the probability of a 25 basis point cut in September as 78%, and the probability of a…
Several prominent crypto projects with unlocking schedules have approached or exceeded the 50% mark in token unlocks. The crypto community is closely monitoring these events to gauge potential challenges and opportunities presented by such substantial token releases. For instance, Axie Infinity, a leader in the blockchain gaming sector, currently has 35.36 million AXS tokens (13.10%) locked, while 210.85 million AXS tokens (78.09%) are unlocked. This high percentage of unlocked tokens likely contributes to AXS’s lackluster one-year performance, with the token trading at $5.74, reflecting a 10.40% loss over the past year. Interestingly, on Tuesday, Axie Infinity plans to distribute $12.23…
Nakamoto Games is preparing to launch the full NAKA mobile app with over 35 games. The NAKA multichain wallet for desktop and Telegram is in final testing. Frontend and backend teams are focused on refining game room functions and smart contract connections. Nakamoto Games is accelerating the launch of the full NAKA mobile app, aiming to release it with over 35 games. This development follows the initial success of their standalone app. 🚀 Nakamoto Games Development Update – Week #32 🌟Core Focus: Accelerating the Full $NAKA Mobile App Launch! 🔥At Nakamoto Games, our primary focus is the imminent release of…
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened recently in the DePIN sector: peaq ecosystem surpassed 30 projects, Privasea completed node sale, mobile app Click partnered with Campaign Verify to protect voters from political misinformation. peaq Ecosystem Surpassed 30 Projects July was a good month for peaq. The Layer-1 blockchain, designed to power Decentralized Physical Infrastructure Networks and Machine Real World Assets, celebrated several major milestones, including surpassing 30 projects within its ecosystem. According to Messari’s report, “peaqosystem” includes over 850,000 machines, vehicles, robots and other devices, and manages…
Bitcoin’s (BTC) weekend share of trading volume has reached an all-time low in 2024, with a trending dominance of weekdays. This trend highlights an important shift for the leading cryptocurrency, approaching the traditional finance market behavior as institutions take over. This data was recently highlighted in a Kaiko report comparing the trading volume on weekends to weekdays. Notably, Bitcoin registered a 16% share of the trading volume during the weekends from January to June. This marks an all-time low for the same period, with Kaiko looking at data from seven BTC pairs since 2012. Previously, higher lows were in 2022…
The Pudgy Penguins collection soared to the top of the non-fungible tokens (NFTs) market on Monday with over US$1.14 million in daily sales, according to CryptoSlam data. This surge in sales was driven by 50 unique buyers and 54 sellers, resulting in 62 total transactions for the day. The average price for a Pudgy Penguin NFT stood at approximately US$18,529. The collection’s all-time sales volume now stands at nearly US$396.88 million. It’s the world’s 18th-largest collection, about US$3 million away from Cool Cats and the 17th spot. The second-ranking collection for the day was Milady Maker, with a daily sales…
Gold experienced a notable surge this week, driven by a combination of disappointing U.S. economic data, a dovish Federal Reserve stance, and rising geopolitical tensions, according to a report by Ernest Hoffman for Kitco News. Kitco reported that despite a sharp flash crash on Friday, the precious metal’s price rebounded, reflecting strong trader sentiment. Source: TradingView Kitco noted that gold started the week trading near $2,400 per ounce and fluctuated between $2,375 and $2,400. Kitco highlighted that on Tuesday weaker-than-expected U.S. manufacturing data reinforced expectations of a dovish Fed, pushing gold prices through resistance levels. By Wednesday, Kitco stated, spot…
Several meme coins outperformed Bitcoin (BTC) in the first half of 2024, posting double and even triple-digit percentage gains. Bitcoin price is up 61% since the 2024 lows of $38,555 recorded on January 23. The surge came amid broader market optimism, with the crypto industry celebrating the landmark approval of Bitcoin ETFs. Forbes Meme Coin List of Top H1 Performers According to Forbes, four meme coins outperformed BTC in H1 of 2024. The American business magazine cites Dogwifhat (WIF), Pepe (PEPE), Floki (FLOKI), and Shiba Inu (SHIB) for 1,300%, 800%, 418%, and 67% in gains, respectively. The Bitcoin of meme…
Assassin’s Creed and Just Dance publisher Ubisoft will make its next big step into the crypto gaming world on Ethereum layer-2 scaling network Arbitrum, as the company announced Tuesday that it is working on Captain Laserhawk: The G.A.M.E. Based in the same universe as the Netflix animated series “Captain Laserhawk: A Blood Dragon Remix”—itself loosely inspired by the 2013 game Far Cry 3: Blood Dragon—Ubisoft says the game will feature characters from other franchises, including Assassin’s Creed, Rayman, and Beyond Good & Evil. However, it’s still unclear what form the Captain Laserhawk: The G.A.M.E. will take. Tuesday’s announcement describes it…
NetMind AI has partnered with Marlin Protocol to add advanced verifiable computing protocols to NetMind’s ecosystem. The verifiable computing protocol includes coprocessors based on Trusted Execution Environments and Zero-Knowledge. Read the full tweet and see the chart below: We are excited to announce a new collaboration with @MarlinProtocol, integrating @NetMindAI’s ecosystem with Marlin’s cutting-edge verifiable computing protocol, which includes TEE (Trusted Execution Environments) and ZK (Zero-Knowledge) based coprocessors.Introducing Marlin’s… pic.twitter.com/sdo3XNiHVZ — NetMind.AI (@NetmindAi) August 5, 2024 NetMind AI is a top AI solutions provider. It delivers cutting-edge tech to users and businesses worldwide. Dedicated to developing innovative and practical solutions,…