Author: NBTC

Insiders say China plans to launch renminbi-backed stablecoins in an effort to combat the U.S. dollar. However, the launch is held back by capital outflow concerns. Summary China has reportedly begun testing renminbi-backed stablecoins. Stablecoin plans have been hindered by growing concerns over the nation’s financial control and fears of potential misuse. In a recent article by the Financial Times, its been revealed that Chinese officials have zeroed-in on stablecoin testing as a potential way to combat the U.S’ stronghold on the market, following the success of Tether (USDT) and Circle’s (USDC) dollar-backed tokens. China aims to use stablecoins to…

The unclear state of Spain’s cryptocurrency taxation led to a trader being taxed millions for an operation that should not constitute a taxable event. Analysts agree that this uneven situation will continue, as there are no clear determinations on which operations can be taxed. A 5M Euro Transaction: How Spain’s Unclear Taxation Affects Crypto Traders Taxation has become a relevant part of the everyday lives of Spain’s traders now that the crypto asset class has become mainstream. Spain’s local press has reported the case of a cryptocurrency trader who, even after following law-established procedures and paying over 5 million euros…

TL;DR Product design: NEOS files a High Income Ethereum ETF using indirect exposure to spot Ethereum ETFs and active options trading, creating a synthetic covered call approach aimed at boosting yields for investors. Market timing: The launch follows a stretch where Ethereum ETFs outperformed Bitcoin ETFs, with Eric Balchunas saying the category now gets the full treatment as institutional flows deepen. Key risks and next steps: Covered calls can cap upside and hedges can drag, indirect exposure may track spot imperfectly, and the SEC still must approve; investors will watch for strikes, tenors, and hedge ratios. NEOS has filed for…

The Fed continues to keep interest rates steady despite US President Donald Trump’s persistent demands for interest rate cuts. Expectations for the first interest rate cut of 2025 intensified in September, with Fed Chair Jerome Powell citing economic uncertainty stemming from tariffs as the reason. At this point, while some FED members also support a rate cut in September, the last person to support a September rate cut was Minneapolis FED President Neel Kashkari. Speaking on CNBC’s Squawk Box, Kashkari said the Fed may soon be forced to cut interest rates as signs of a slowing economy grow stronger. “The…

Some of the crypto industry’s most politically connected companies and lobbying groups are creating yet another D.C. organization to further their interests in the nation’s capitol—but this one’s tax exempt.  DCG, Coinbase, Kraken, Paradigm, Andreessen Horowitz, the Solana Policy Institute, Uniswap Labs, and the Cedar Innovation Foundation, a pro-crypto dark money political spending group, on Tuesday announced the creation of the American Innovation Project—nonprofit designed to “foster informed dialogue” about decentralized technology in both political parties.  The American Innovation Project (AIP) plans to be in direct contact with lawmakers and their staffers about policy matters related to crypto and other…

Ethereum has just smashed its all-time high, nearing the $5,000 level for the first time in history. This latest price move is fueled by a massive wave of institutional buying, with on-chain data from Arkham showing that spot ETFs have collectively scooped up $1 billion worth of ETH in just the last few days. How we got here. This breakout didn’t come from nowhere. Here was our analysis of the key levels right before the price took off. Institutional Floodgates Open for ETH BlackRock led the charge with a $640 million buy, followed by Fidelity with $270 million and Grayscale…

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin rose to the highest this month, touching $116,430 and establishing itself more firmly above the $115,000 level on renewed demand for risk assets as the implications from Friday’s weaker-than-expected jobs market data sink in. The Federal Reserve is now widely expected to cut rates by 25 basis points in September, with the CME’s FedWatch tool weighing a 93.4% chance of that happening. On Polymarket, traders are slightly less convinced, seeing a 79% chance of a cut. Traders are positioning for reductions at the following two meetings as well. Add in…

19 August 2025 – In a move that underscores its rising influence and unstoppable vision, Tether, the largest company in the digital asset ecosystem, today announced the appointment of Bo Hines as Strategic Advisor for Digital Assets and United States (U.S.) Strategy. Hines, who most recently served as Executive Director of the White House Crypto Council under President Donald Trump, will start with immediate effect to directly engage and coordinate Tether’s U.S. strategy and expansion as part of the Group’s core team. Hines brings a unique blend of policy expertise, legal training, and private sector insights. While at the White…

Key Takeaways Ethereum hit $4,600 for the first time since November 2021, approaching its $4,800 all-time high. Treasury and ETF inflows totaling billions are fueling the rally alongside a $120M short squeeze. Ether, the second-largest crypto asset by market cap, is now less than 5% away from its all-time high of $4,800 set in November 2021. It traded above $4,600 on Tuesday afternoon, its highest level in nearly four years, as traders anticipate a potential breakout and the start of an alt season. Bitcoin dominance has fallen below 60% as ETH gains ground. The rally triggered more than $120 million…

Leading stablecoin issuer Tether has acquired a minority stake in Spanish crypto exchange Bit2Me, leading a €30 million (about $35 million) investment round to support the exchange’s growth in Europe and Latin America. Bit2Me said it recently became the first Spanish-speaking fintech to be authorized by Spain’s securities regulator under the EU’s new MiCA framework. The approval opens the door for operations across the European Union. Tether’s investment comes through its El Salvador-based venture arm, Tether Ventures, which deploys profits and reserves into tech infrastructure and other projects. The firm has invested in numerous companies in a wide range of…