[ad_1] The Federal Reserve may need to implement an emergency rate cut before its scheduled May meeting due to severe market stress, said Bob Michele, Global Head of Fixed Income at JPMorgan Asset Management, in a recent interview with Bloomberg Surveillance. The US stock market is entering its third trading session after losing over $5 trillion just two days after President Trump unveiled an aggressive tariff policy. Michele said the market chaos last week was exceptionally severe, comparable to historical crises—the 1987 stock market crash, the 2008 financial crisis, and the 2020 COVID-19 market downturn. In previous crises, the Fed…
Author: NBTC
[ad_1] The XRP community has engaged in discussions surrounding an XRP reference from “Sneakers,” a 1992 movie around cryptography. A recent disclosure from MetaMan, a prominent figure in the XRP community, has triggered speculation within crypto circles. MetaMan shared a clip from the 1992 film Sneakers, a thriller directed by Phil Alden Robinson, featuring a star-studded cast including Robert Redford, Dan Aykroyd, and River Phoenix. XRP Easter Egg in Sneakers Film For context, the movie, released in September 1992, centers on a group of security experts navigating the cryptography and espionage scene. However, what caught MetaMan’s attention, and subsequently the…
[ad_1] Warren Buffett, Chairman and CEO of Berkshire Hathaway, has once again drawn global attention. His firm now holds a record-breaking $334 billion cash balance—the largest amount ever recorded for a publicly traded company. So why is Buffett comfortable sitting on such an enormous cash pile? And why does he continue to reject Bitcoin, a digital asset many hail as “digital gold”? The Only Billionaire in the Top 10 to Make Money in 2025 Berkshire Hathaway’s $334 billion in cash didn’t happen by chance. According to Business Insider, Buffett raised much of this capital by selling $134 billion worth of…
[ad_1] The Web3 e-commerce platform, CDARI established a partnership with BullbitAI which operates as a leader in AI-driven decentralized finance (DeFi). The partnership targets DeFi and e-commerce modernization through advanced AI and blockchain systems to establish an advanced user-friendly experience. 🚀 PARTNERSHIP ANNOUNCEMENT 🚀We’re thrilled to join forces with @BullbitAI Bullbit is revolutionizing decentralized finance with AI-powered agents—building a bridge between blockchain, AI, and DeFi like never before! 🌐🔹AI decentralized exchange: Simplify the way… pic.twitter.com/ToRZxcmmHK — CDARI (@cdariofficial) April 13, 2025 About CDARI Matchain serves as the foundation of CDARI which delivers a blockchain ecosystem that combines shopping platforms and…
[ad_1] Escalating recession fears rocked global financial markets Monday, evoking the ghost of 2008 for traders as crypto markets shed over $100 billion in value since April began. Bitcoin retreated below $79,000, currently near $75,700, while Ethereum tested $1,600. Why Are Recession Fears Gripping Markets Now? The sharp downturn follows President Donald Trump’s aggressive tariff implementation, combined with Goldman Sachs reportedly hiking its U.S. recession probability to 45%. Increased risk aversion sent investors fleeing assets perceived as vulnerable to an economic slowdown. The Dow plunged late last week, and digital assets followed suit Monday as recession anxiety intensified, reflected in…
[ad_1] TL;DR On April 8, 2025, the USDC Treasury burned 51 million tokens on the Ethereum network. This move is part of Circle’s routine strategy to adjust liquidity and maintain its 1:1 peg to the U.S. dollar. The burn had no negative impact on the market or DeFi ecosystem, reinforcing USDC’s strength as a reliable stablecoin. Circle, the issuer behind the USDC stablecoin and led by CEO Jeremy Allaire, executed a burn of 51 million USDC tokens on the Ethereum blockchain. This move, detected by the monitoring platform Whale Alert, aligns with Circle’s ongoing supply adjustment strategy aimed at keeping…
[ad_1] Bitcoin price could surge to more than double its current all-time high, according to a recent prediction from Charles Hoskinson, the founder of Cardano. Hoskinson made the bold prediction during an appearance on CNBC’s Beyond The Valley podcast. He believes that as major tech companies, such as Apple and Microsoft, enter the crypto space, Bitcoin could experience substantial growth, despite its current price fluctuations. At present, Bitcoin (BTC) trades for $81,767, a 5.54% increase in the last 24 hours, though it has dropped by 2.15% over the past week. This dip occurred amidst a broader sell-off of risk assets,…
[ad_1] GPU AI has recently announced its strategic collaboration with Blazpay, reshaping the future of decentralized finance. The fusion of two powerful forces in the Web3 landscape leverages the innovative AI ecosystem to elevate and streamline the crypto experience. The focal point of this partnership is Blazpay AI which is a renowned and transforming interface. This interface strives to enable participants to manage, explore, and trade digital assets, utilizing conversational and natural interactions. GPU AI Leverages Smart DeFi Integrations to Expand Ecosystem The alliance welcomes Blazpay to the platform of GPU AI to pave the way for crypto accessibility. Blazpay…
[ad_1] Ripple’s got big plans for the future, as it is talking about potential worth up to $18.9 trillion in a new report. By 2033, the crypto company believes the tokenization market – the digital representation of assets like real estate, stocks and even art – could reach that staggering figure. For those not familiar, tokenization is the process of turning physical or traditional assets into digital tokens that can be traded, stored and transferred on a blockchain. It is a next-gen alternative to the slow and clunky financial system we have now. And Ripple is not just sitting on…
[ad_1] The latest instance of vote buying on Arbitrum has raised serious concerns over the integrity of the DAO governance model, potentially exposing holders to significant risks. Decentralized autonomous organizations promised to make finances more decentralized and free. However, on Tuesday, April 8, a case of buying DAO votes revealed serious issues with the model. Namely, one individual spent 5 ETH to buy around 19.3 million in Arbitrum (ARB) voting power. The old DAO model is in shambles:Last weekend, hitmonlee.eth paid 5 ETH (~$10k) on @lobbyfinance to buy 19.3M ARB (~$6.5m) voting power.That’s more votes than experienced DAO delegates like…