Author: NBTC

Donald Trump is unhappy with the head of the U.S. central bank. Here’s why: Powell, who hurriedly cut federal interest rates by 75 basis points ahead of the 2024 election, has been reluctant to ease monetary conditions further, citing potentially inflationary effects of the White House’s new tariff policies. Trump has been floating the idea of firing him for a while now. The regulator, for his part, has maintained since November that Trump lacks the legal authority to do so. Powell’s term is slated to end in May 2026 in any case. “Jerome Powell has been very bad for our…

The Bitcoin options market has spiked to an all-time high alongside the asset’s climb toward a record $112,000, Greg Magadini, director of derivatives at crypto data provider Amberdata, told Decrypt on Thursday. Open interest for Bitcoin options most recently stood at around $65 billion, including contracts traded through venues like the Chicago Mercantile Exchange, or CME, as well as options tied to BlackRock’s spot exchange-traded fund, he said. Based solely on traders’ positioning, options market data suggests that Bitcoin’s price will likely rally into a range between $116,000 and $120,000, Magadini said. Bitcoin’s rally currently has “wide participation,” as evidenced…

After Ethereum broke a five-month high, the coin has come under pressure once again, this time from whales betting against its uptrend. On-chain data reveals that a high-profile trader, known with the wallet address 0x2258, has opened a massive short position against ETH. This move follows a series of successful trades that have already netted the whale over $15 million in profit. $62.5M Ethereum Short Opens Amid Tight Market Conditions According to data tracked through Hyperdash, whale 0x2258 has opened a short position worth $62.42 million, equivalent to 20,474 ETH, using a staggering 18x leverage. The whale appears confident that…

Bitcoin jumped to a fresh all-time high price for the second day in a row Thursday, after crypto-friendly President Trump renewed his push to urge the Federal Reserve to cut interest rates. The price of Bitcoin jumped to $112,599 on Thursday, per data from CoinGecko, setting a new record for the leading cryptocurrency. Bitcoin is currently up 3.5% on the day after recently being rangebound. On Wednesday, Coinbase showed that BTC had topped $112,000 for the first time, beating the previous record from late May of around $111,900. President Trump wrote on his social media platform Truth Social that the…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. TAPEDRIVE won the grand prize in the latest Colosseum hackathon, a popular hackathon-cum-venture accelerator started by original Solana Labs hackathon organizers. The contest, which I tend to view as a partial litmus test for what Solana builders are interested in at the moment, had a large number of stablecoin entries, one organizer told me. But the grand prize winner took at a stab at a problem internal to Solana: the cost of storing data onchain. Solana is the busiest blockchain in existence as things stand. With all…

The U.S. Securities and Exchange Commission has delayed its decision on in-kind redemptions for the Bitwise Bitcoin ETF Trust and Bitwise Ethereum ETF, according to a filing on Wednesday, the latest sign of U.S. regulators’ restraint even as the political environment for crypto has improved. The SEC will rule by September 8, according to the filing, and could at that point approve or deny the request, or elect to review the matter further, the document said.  “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient…

H100 Group AB has announced it has become Sweden’s first publicly listed health technology company to adopt Bitcoin as a treasury reserve asset, announcing the purchase of 4.39 BTC for 5 million NOK (approximately $475,000) as part of its long-term Bitcoin Treasury Strategy. The Stockholm-based company, which provides AI-powered automation and digital solutions for healthcare providers, joins a growing roster of public companies adding Bitcoin to their balance sheets in 2025. The purchase was executed at an average price of 1,138,737 NOK per Bitcoin (roughly $108,200). JUST IN: H100 Group buys 4.39 BTC and becomes Sweden’s first publicly listed #Bitcoin…

Imagine the vast, untapped potential of Bitcoin, the world’s most secure and valuable cryptocurrency, finally flowing freely into the dynamic world of decentralized finance (DeFi). For years, Bitcoin has largely remained an isolated giant, its immense liquidity locked away from the burgeoning DeFi ecosystem. Now, a groundbreaking development is set to change that narrative. Bitlayer, a prominent Bitcoin layer-2 network, has launched its innovative BitVM Bridge on the mainnet, promising to usher in a new era for Bitcoin DeFi. This is not just another bridge; it’s a trust-minimized pathway designed to unlock Bitcoin’s true potential within decentralized applications, ensuring security…

Bitcoin smashed its $120,000 target earlier this week, filling Ethereum holders with a familiar envy as BTC hit multiple new all-time high marks. But on Tuesday, the two largest cryptocurrencies by market value reversed paths, with ETH gaining and BTC sinking.  Ethereum was recently trading at $3,128, up 4% over the past 24 hours (and 20% on the week), while Bitcoin was changing hands 1.9% lower on the day—at one point dropping below $117,000 for the first time in five days, according to data provider CoinGecko. For ETH, the upturn continued recent momentum that carried the token to its highest…

Chainlink has been on a strong run too, gaining 3.79% over the last week and another 6% surge in the past 24 hours as it holds steady at $13.88. Trading activity for LINK has also picked up, with volume rising 67.6% in a single day to reach $479 million. With CCIP live on Solana, it opens up a whole new world of possibilities for both users and developers by offering secure and seamless cross-chain connections. It also means that DeFi communities and token projects built on EVM chains finally have a way to extend their reach into Solana. On May…