Author: NBTC
Markets are not anticipating much from the Federal Reserve’s meeting this week, but good news may be on the horizon for June. Stock indices saw mixed performance on Monday as traders awaited a major Federal Reserve announcement. The Dow Jones was trading at 41,414, up 96.64 points or 0.23%. Meanwhile, the S&P 500 slipped 12.9 points or 0.23% to 5,673, and the Nasdaq was down 54.21 points or 0.30% at 17,923. According to LPL Financial chief economist Jeffrey Roach, the Fed may use this week’s meeting to prepare investors for coming rate cuts. A combination of labor data and inflation…
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee as we examine Bitcoin’s (BTC) performance relative to the S&P 500, a benchmark for US stock market performance. With growing TradFi influence, Bitcoin’s dominance as an asset class is growing compared to traditional equities. Crypto News of the Day: BTC/S&P 500 Ratio Records All-time High Matthew Sigel, head of digital assets research at VanEck, highlighted Bitcoin’s historic outperformance against the S&P 500. Specifically, the Bitcoin/S&P 500 ratio hit an all-time high of $17.725 on May 8,…
US President Donald Trump will preside over the “Cryptocurrency and Artificial Intelligence Innovators” dinner, with a staggering ticket price of $1.5 million per attendee, CNBC reported. This high-profile event, organized by the pro-Trump super PAC MAGA Inc, is one of the most expensive political fundraisers in recent memory. The dinner will also feature David Sacks, a tech investor and influential venture capitalist whose rising prominence in Washington has been welcomed by the crypto industry. Sacks and others close to Trump are credited with helping usher in a major regulatory shift in favor of digital assets, in stark contrast to the…
Bitcoin and US stocks jumped this week as a risk-on sentiment prevailed ahead of the US and China trade talks in Switzerland. Bitcoin (BTC) surged to $104,000 for the first time in months, while the Dow Jones Index peaked at $41,360, its highest point since April 3. There are signs that the stock and crypto markets are entering a bull market as trade risks fall and the odds of interest rate cuts rise. Dow Jones vs Bitcoin: Why BTC wins Bitcoin and the Dow Jones are significantly different assets. Established in 1896, the Dow is the oldest index in the…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how President Nayib Bukele has continued to purchase bitcoin, complying with the IMF policies of non-bitcoin accumulation established in their credit facility deal. Latam Insights Encore: Bukele Outsmarted The IMF While I was still not convinced about the ability of El Salvador President Nayib Bukele to skirt a bitcoin non-accumulation commitment made with the International Monetary Fund (IMF) to receive a $1.4 billion credit facility line, two newsworthy events that took place this last week changed…
ARK Invest CEO Cathie Wood says that Bitcoin (BTC) remains on track to hit a price target of at least $700,000 within years. In a new interview on CNBC’s Squawk Box, Wood says ARK continues to predict Bitcoin will increase at least 580% of its current value by 2030. “We have always had a 2030 target, the base case in the $700,000 to $750,000 range, the bull case in the $1.5 million range.” Wood says there are three driving factors behind the massive Bitcoin price prediction. “David Puell, our analyst and our on-chain analyst, put that piece out recently, and…
President Donald Trump is doubling down on crypto in his May fundraising push—combining a traditional $1.5 million-per-plate dinner with a blockchain-fueled gala for top $TRUMP token holders. This dual-track strategy blends old-money political finance with memecoin access, channeling millions into MAGA Inc. while raising fresh concerns over transparency, donor anonymity, and the ethics of tokenized influence. One event targets Trump’s legacy network of political donors through conventional fundraising; the other leverages digital asset holdings as a new gateway to power. Together, the two events signal how deeply cryptocurrency is being integrated into U.S. campaign mechanics and how Trump is positioning…
The S&P 500 is heading toward a new high, and Bitcoin is the one showing the way. That’s what Tom Lee, head of research at Fundstrat Global Advisors, laid out during a market segment this week, where he broke down why he thinks the rebound in crypto points directly to more upside for equities. This came as investors braced for the Federal Reserve decision, while stocks pulled back slightly on Monday. Tom said the bottom was already in. He reminded viewers that he’d called 5500 for the S&P 500 weeks ago, and the market hit that without resistance. “Bitcoin is…
The trading platform Ox.fun, associated with Three Arrows founder Su Zhu, allegedly increased the supply of OX tokens from approximately 4 billion to nearly 9.8 billion without making an official announcement. Following the collapse of Three Arrows Capital (3AC), Su Zhu faced imprisonment, further fueling concerns about Ox.fun’s credibility. However, subsequent details offer additional context. Ox.fun Increases Total Supply of OX Tokens According to posts on X, users accused Ox.fun of discreetly increasing the total supply of OX tokens from around 4 billion to more than 9.8 billion without prior disclosure. Data from Ox.fun’s official dashboard and Etherscan, a reputable…
RLUSD’s rise may limit XRP’s role to transaction fees and may impact its market value. As RLUSD rises, Schoen predicts the change will further impact XRP’s future functioning. CEO Brad Garlinghouse insists XRP and RLUSD coexist, even after stablecoin’s popularity grows. Ripple’s new stablecoin RLUSD is quickly gaining ground and it’s stirring up serious questions about XRP’s future role in the ecosystem. While Ripple maintains that both assets serve different purposes, some analysts aren’t convinced. Is RLUSD just a helpful addition, or is it quietly edging XRP out of the spotlight? Let’s unpack what’s going on. RLUSD Takes Center Stage,…