Author: NBTC
Stocks are in recovery mode after the latest jobs report beat expectations, while Tesla regained some of its losses. U.S. stock indices rebounded on Friday, June 6, following stronger-than-expected jobs data. The Dow Jones rose 300 points, or 0.7%, while the S&P 500 gained 0.75%. At the same time, the tech-heavy Nasdaq climbed 0.97%, with major indices buoyed by encouraging figures on U.S. employment. According to Friday’s report, U.S. employers added 139,000 new jobs, lower than the revised April figure of 147,000 but still ahead of expectations. Meanwhile, the unemployment rate held steady at a relatively low 4.2%. Overall, the…
After Binance has officially announced the upcoming listing of the Pump.fun ($PUMP) token on its platform, the cryptocurrency community is abuzz with anticipation. Many are also wondering if and how the upcoming token sale will impact the market movements. Specifically, Pump.fun, a popular Solana-based meme coin launchpad, is set to debut its native token, $PUMP, on Binance, starting June 13, 2025, when the exchange will rename the ticker PUMPUSDT to PUMPBTCUSDT, according to a post published by Binance on June 10. Furthermore, as the exchange explained, Binance Futures will then list USD-margined PUMPBTCUSDT perpetual contracts with up to 50X leverage…
Hong Kong’s new stablecoin law demands full backing by cash or government bonds only. No more empty promises: stablecoins must be 100% backed by reliable, real-world assets. The law takes effect August 1, creating a safer digital asset system for Hong Kong. The Hong Kong government has just approved a set of rules that will make sure every stablecoin in the city is backed by real money, like cash in the bank or government bonds. This means no more risky promises or unclear deals—just a clear, safe way to handle digital dollars. Here’s what it’s all about! Hong Kong’s New…
Binance, the world’s largest cryptocurrency exchange, continues its altcoin announcements. At this point, Binance recently announced that it has listed the altcoin Resolv (RESOLV) both on Binance Alpha and in the futures. “Binance is excited to announce that Resolv (RESOLV) will be available for trading on Binance Alpha starting June 10, 2025 at 1:00 PM (UTC). Additionally, Binance Futures will launch the RESOLV/USDT Perpetual Contract with up to 50x leverage starting on 2025-06-10 13:30 UTC. Binance is the first platform for Resolv (RESOLV) and is now available for trading on Binance Alpha and Binance Futures. To celebrate this launch, there…
BNB Chain has launched a bold initiative that redefines what a hackathon can be. Dubbed simply BNB Hack, this event is an evolved version of the successful BNB AI Hack, which began in February 2025. But now, the scope is broader, the tracks more ambitious, and the opportunities more valuable. Let’s break down everything you need to know… A Hackathon Without Deadlines Most hackathons push developers into a tight 48- or 72-hour sprint, only to burn out participants and leave most projects abandoned. BNB Hack breaks that mold. It’s open year-round, allowing builders to submit when ready. Winners are announced…
The team behind a new currency converting browser extension says it wants to give skeptical online shoppers a better understanding of the crypto world by allowing them to instantly “price the internet in bitcoin (BTC).” Launched earlier this week by news and content platform Truth for the Commoner (TFTC), Opportunity Cost uses CoinGecko data to detect and convert online prices to BTC, sats, or a combination of both, in real time while protecting your privacy. Writing on TFTC’s website, the project’s creator and TFTC founder, Marty Bent, explains: “As someone who’s been writing a newsletter and producing podcasts about BTC…
Altitude, a DeFi lending platform, has opened its collateral-optimized lending service to the public following an eight-month private beta phase, based on information disclosed to Finbold on Friday, June 13. The platform enables automated strategies for efficient collateral management in lending and borrowing activities. During the beta testing period, Altitude attracted over $5 million in total value locked (TVL) from whitelisted participants. The platform is designed to help users manage onchain borrowing while maintaining optimal capital efficiency and preventing under-collateralization. Automated rebalancing features Altitude offers automated rebalancing capabilities, adjusting borrowing positions based on collateral price movements for assets like Bitcoin…
Ethereum has faced a sharp pullback, dropping over 10% in the last 24 hours as global tensions and macroeconomic uncertainty shake investor confidence across markets. The retrace comes amid rising US bond yields and escalating trade conflict rhetoric between major global powers, particularly the United States and China. While Bitcoin holds strong above key support levels, altcoins—including Ethereum—are under pressure, prompting caution among short-term traders. However, some analysts believe this dip could present an opportunity rather than a threat. Top analyst Ted Pillows shared technical insights suggesting that Ethereum is holding range support well, even after the sharp decline. According…
Circle’s dynamite IPO this week wasn’t just impressive by crypto standards—it outperformed expectations to a degree unrivaled even by America’s most prominent tech companies. The evening before its Thursday trading debut on the New York Stock Exchange, Circle priced its stock, CRCL, at $31 a share. That represented a mark-up from the lower share prices the firm floated earlier in the week: $26, and then $28. Such last-minute moves are generally indicative of increased investor interest in a company’s stock market debut. But nothing could have prepared Wall Street for the stablecoin issuer’s bombshell first-day performance. Within minutes of the…
As the crypto market continues to see positive trends in the prices of cryptocurrencies since the beginning of the week, XRP has seen its price stay stable but witnessed a dramatic surge in payment activities, according to recent data from XRPSCAN. The data shows a massive jump of 117.41% in XRP on-chain payment activity over the last 24 hours, where the third-largest cryptocurrency by market capitalization only recorded about 500,000 payment counts the previous day. This massive surge has seen XRP payments hit a monthly high after surpassing 1.1 million on June 9, despite the flat price movement. The token…