Author: NBTC

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It’s amazing how quickly things can change in one week. It feels like only yesterday that the Fed appeared unlikely to cut rates at all in September. Now, we’re beginning to price in the chance of not just a 25 basis point cut, but a 50 bps one! In a Tuesday Fox Business interview, Treasury Secretary Bessent added fuel to the speculation by saying “the real thing now to think about is: Should we get a 50 basis point rate cut in September?” I’m old enough…

The U.S. Securities and Exchange Commission (SEC) announced a key change in its digital asset regulatory approach. Project Crypto, launched on July 31, is the commission’s response to the President’s Working Group (PWG) recommendations. SEC Plans Nationwide Regulatory Overhaul for Crypto Assets Chairman Atkins confirmed that the SEC will use its current authorities to implement the PWG’s recommendations. These include establishing federal rules for digital assets, redefining how securities laws apply to crypto, and supporting new legislation from Congress. The SEC’s Crypto Task Force will assist with development and regulation. Atkins stated that the commission will focus on the creation…

A weekly chart of Crypto.com Research indicates that Hyperliquid will have ~79% of all the volume of patient sovereign, substantially more than the competitors like Jupiter, Drift, GMX, and dYdX at the beginning of July 2025. Its share growth follows a wider derivatives surge on-chain and decentralized perps volume has reached a record high of about $319B in the month with a monthly increase of about a third. Market and context of DeFi volume July step up will occur as a continuation of an upward trend that has persisted after late 2024 as more flow shifting takes place out of…

American Bitcoin, a Bitcoin (BTC) mining company backed by members of US President Donald Trump’s family, exercised an option to purchase up to 17,280 application-specific integrated circuits (ASICs), hardware for crypto mining, from Bitmain earlier this month. The mining company purchased a fleet of 16,299 Antminer U3S21EXPH units from Bitmain, capable of 14.02 exahashes per second (EH/s) of computing power, for about $314 million, according to TheMinerMag. The deal also excluded any potential price increases from the Trump administration’s sweeping trade tariffs and import duties, which will impact Bitmain mining hardware manufactured in China. In response to the tariff pressures,…

Ethereum was trading at $3,658 at press time, posting a 2.2% gain over the last 24 hours as on-chain metrics show a surge in transaction activity. Summary Ethereum is trading at $3,658, up 2.2% on the day but down 4.7% over the week. Daily Ethereum transactions hit 1.87M on Aug. 6, nearing record highs. Technical indicators show neutral momentum, with price consolidating between $3,450 and $3,920. The price remains 30% higher than it was a month ago, even though it has slipped 4.7% over the past week. As buyers and sellers balance out, the current weekly range of $3,380 to…

OKX Ventures has released its newest report on its crypto investment, which details the movement of capital involving big caps and newbies in the crypto space. According to the report conducted by $ENA, the company led in the number of weekly investments with an investment volume of 5.54 million, with a 19.4% price rise, and a market value of $1.86 billion. 💰 @OKX_VENTURES INVESTMENTS BY WEEKLY VOLUME $ENA $BR $SEI $ETHFI $ZRO $ZKJ $USUAL $MYX $ZK $ALT $BB $UXLINK $SHELL $REZ $CARV pic.twitter.com/uTliZnpAdN — PHOENIX – Crypto News & Analytics (@pnxgrp) August 14, 2025 Next $BR recorded a weekly volume…

The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration.  The regulator, which now has a crypto-friendly chairman in Paul Atkins and a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and others have called “regulation by enforcement” to less hostile engagements with crypto.  Thus far, those words have rung true with the SEC recently backing away from fights with multiple top crypto companies. Here are the SEC’s biggest pivots, reversals, and exits so far under…

Global grocery giant Spar is enabling stablecoin and cryptocurrency payments in its stores across Switzerland, marking what the company says will be the first nationwide rollout of digital asset payments in the retail sector. The grocery chain is partnering with Binance Pay and Swiss fintech firm DFX.swiss to allow customers to pay with more than 100 cryptocurrencies and stablecoins, according to a Thursday announcement shared with Cointelegraph. The service is already live in 100 Spar stores and will expand to the remaining locations in coming months. A full rollout across the country’s Spar network has no confirmed timeline, a Spar…

Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as “ETH extractive.” In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively little back to the Ethereum L1. Thorn added that most L2s are controlled by single companies or foundations, which means “very little value accrues to ETH holders,” and “most L2s don’t even stake back the ETH they collect in fees.” Post EIP-4844 Pointing to post-EIP-4844 dynamics, Thorn noted that aggregate L2 blob confirmation costs and L1 gas spend have…

More than $1 billion was liquidated from the crypto leveraged market today following hotter-than-expected producer cost data. Bitcoin price is likely to rebound to a new ATH after filling the CME gap at around $117.5k. Kalshi traders have made a bet on a Fed rate cut in September despite the hotter-than-expected PPI data. President Donald Trump has discredited the inflation fears caused by Thursday’s hotter-than-expected Producer Price Index (PPI). Trump told reporters on Thursday that inflation is down to a ‘perfect number’ thus rejuvenating hopes for a Fed rate cut in September. “Hardly any inflation at all. 401(k) s and…