Author: NBTC

The Ether Machine has purchased nearly 15,000 ETH at a cost of $56.9 million, making the newly formed company one of the largest holders of Ethereum, overtaking the Ethereum Foundation itself. This brings the total Ethereum purchased and committed by The Ether Machine to 334,757 ETH, with up to $407,000,000 remaining for additional ETH stockpiling.  The Ether Machine sprang into existence only last week, via a merger between The Ether Reserve, LLC and publicly traded blank check firm Dynamix Corporation. It plans to list on the NASDAQ in Q4. Funded by startup capital from Andrew Keys, the former head…

US President Donald Trump has taken the pressure on Fed Chair Jerome Powell, whom he has long criticized, hinted at impeachment, and called for his resignation, a step further. Trump will make a surprise visit to the Fed today. Details of the visit are being kept under wraps, and it’s not yet known whether there will be a private meeting with Powell. According to the statement made by the White House, Trump will go to the FED building at 23:00 Turkish time. As is well known, Donald Trump has been constantly pressuring Fed Chair Powell. Trump has repeatedly criticized Powell…

Crypto asset manager CoinShares has launched a new exchange-traded product (ETP) that gives investors exposure to Sei while eliminating management fees and offering a 2% staking yield.The product, listed under the ticker CSEI, will be traded on the SIX Swiss Exchange. It marks the first regulated investment vehicle offering direct access to SEI, a Layer-1 blockchain designed to support high-speed, low-latency trading infrastructure. CoinShares, which manages over $8 billion in digital assets, said the launch aims to remove hurdles for institutional investors who previously faced complex custody and operational requirements to access SEI. The product is physically backed by SEI…

Planck, an infrastructure protocol targeting the artificial intelligence boom, has launched a layer-0 blockchain aimed at supporting decentralized AI networks, the company said Tuesday. The blockchain is designed to serve as foundational infrastructure for AI applications, particularly those built for decentralized physical infrastructure networks (DePINs). These networks combine hardware, token incentives and distributed processing to create alternatives to centralized resources, such as cloud services. The move aligns with a growing push within the crypto industry to bring Web3 principles of decentralization to AI development, a sector still dominated by centralized players such as OpenAI and Google. “Currently, high-performance AI compute…

Capital is flooding into digital assets at a record pace this year, according to Wall Street bank JPMorgan (JPM), marking a sharp contrast with declining flows into private equity and private credit markets. JPMorgan estimates that net capital inflows into digital assets have hit $60 billion year-to-date, a nearly 50% jump since the firm’s last update at the end of May, the bank said in a report Wednesday. That figure includes crypto fund flows, Chicago Mercantile Exchange (CME) futures activity, and crypto venture funding, and puts 2024 on track to eclipse last year’s record. “The surge of capital inflows into…

RAKBANK, one of the oldest lenders in the United Arab Emirates (UAE), is allowing retail customers access to cryptocurrencies through a partnership with Vienna-based crypto exchange Bitpanda, the companies said on Tuesday. Users can now access “a range of cryptocurrencies” via RAKBANK’s mobile banking app. The bank did not specify which cryptocurrencies would be on offer by press time. The service includes buying, selling and swapping crypto assets using dirhams (AED), sidestepping the typical foreign exchange charges tied to trading in dollars or euros. Transactions are processed directly from users’ savings or current accounts, eliminating the need to transfer funds…

TL;DR EigenDA V2 is now live on Ethereum mainnet, delivering a massive 100 MB/s throughput that eclipses Visa’s peak transaction capacity by over twelve times. Major projects like Fuel Network and Aevo are already running production traffic through this upgrade. Backed by extensive stress tests and a custom-built database, EigenDA V2 aims to redefine scaling for Ethereum rollups and future cloud-scale applications. Ethereum’s 10th anniversary brings not only celebration but also remarkable technical progress as EigenDA unveils its upgraded mainnet solution. This milestone sees the data availability system pushing throughput far beyond the original 50 MB/s target, comfortably sustaining 100…

Stress in global bond markets is beginning to ripple through risk assets, with Bitcoin emerging as a potential beneficiary. A renewed move into hard assets echoes past episodes where cracks in sovereign debt markets triggered defensive positioning. Japan’s bond rout may be an early warning of broader fiscal strain. Unrealized losses on Japanese bonds are mounting, with 30-year yields rising to 3.2% on July 15 in levels not seen before, erasing an estimated 45% of their value since 2019, The Kobeissi Letter wrote in an X post on Monday.  Japan’s debt-to-GDP ratio has climbed to 235% leaving the Bank of…

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s (BTC) consolidation continues to take the wind out of the bull run in the broader market that had raised hopes for the so-called alt season marked by prolonged outperformance of alternative cryptocurrencies. Over the past 24 hours, major altcoins have experienced a significant decline, led by a double-digit drop in the payments-focused XRP and an 8% slide in SOL. The CoinDesk 80 Index, which tracks the performance of altcoins, has dropped over 7% while the CoinDesk 20 Index, which is dominated by bitcoin and ether, has declined by 4%. “The…

The Indian cryptocurrency policy is currently in “regulatory limbo” and to remedy this, the country needs to implement a “rights-first” framework that gives residents “constitutional-level” rights to self-custody assets. India’s Crypto Regulatory Impasse India’s crypto policy remains in “regulatory limbo,” with policymakers largely relying on existing statutes since the Supreme Court lifted a central bank-imposed banking ban in 2020. According to Arvind Alexander, a senior legal counsel at the Web3 venture capital firm Hashed Emergent, this situation unfortunately “creates confusion” and inhibits the goal to make India a global crypto leader.” To remedy this, India needs to enact a rights-first…