Author: NBTC

The surge in social media chatter around the highly anticipated US Federal Reserve September interest rate decision could be a warning sign for crypto, says sentiment platform Santiment. It comes after the crypto market rallied on Friday and market sentiment returned to greed following Fed Chair Jerome Powell’s dovish remarks at the annual Jackson Hole economic symposium. He hinted that the first rate cut of 2025 could come in September. “Historically, such a massive spike in discussion around a single bullish narrative can indicate that euphoria is getting too high and may signal a local top,” Santiment said in a…

The U.S. Department of the Treasury has called for comment on the use of “innovative or novel” measures to “detect and mitigate” the illicit use of cryptocurrencies. Published in the Federal Register, the request for comment expires on October 17 and aims to fulfill the provisions of the recently passed GENIUS Act, especially those pertaining to the management of financial risk and to compliance with the Bank Secrecy Act. The Treasury aims to focus on four main areas: application program interfaces (APIs), AI, digital ID verification, and blockchain monitoring. It’s therefore seeking input on how such solutions could enhance the…

Binance Futures is taking a new step to offer its users a wider range of trading options and enhance the trading experience. Binance Futures Lists XPLUSDT Trading Pair The company announced that it will launch pre-market trading for its XPLUSDT perpetual contract at 12:30 PM on August 22, 2025. This new contract will provide investors with up to 5x leverage. The underlying asset for the XPLUSDT contract has been announced as Plasma (XPL). Plasma is an EVM-compatible Layer 1 blockchain specifically developed for high-volume, low-cost global stablecoin payments. The project’s total supply is 10 billion XPL, with an unlimited maximum…

Shares of Tesla and American Airlines are among the new high-profile purges by billionaire investor Stanley Druckenmiller. New U.S. Securities and Exchange Commission filings for the second quarter show Druckenmiller’s Duquesne Family Office has dumped its entire stake in electric carmaker Tesla (TSLA) and American Airlines Group (AAL), the second-largest US airline by domestic market share. In the second quarter, the two largest additions to the billionaire’s family office’s portfolio were semiconductor industry supplier Entegris (ENTG) and software giant Microsoft (MSFT). Duquesne purchased shares in Entegris worth $132.74 million and stock in Microsoft valued at $99.95 million during that period.…

New York State Assemblymember Phil Steck’s proposed tax on crypto transactions will not be modified to accommodate stablecoins’ use in everyday payments, the lawmaker told Decrypt.  “I don’t think that there should be some exemption from a tax on crypto if you buy it for the purpose of using it as a currency,” he said on Tuesday. “I can’t see, frankly, crypto being used to take the place of the dollar bill in everyday transactions.” Last week, Steck estimated that a 0.2% tax on crypto transactions in the Empire State would generate $158 million annually, which could go toward helping…

The vibrant world of cryptocurrency is constantly evolving, and a major new development has just hit the scene: the Aptos Backpack Exchange integration is now officially live! This exciting announcement comes directly from the high-performance Layer-1 blockchain project, Aptos, which has made its debut on the innovative Solana-based trading platform, Backpack Exchange. This isn’t merely another listing; it signifies a powerful stride towards enhanced liquidity and broader accessibility for the Aptos ecosystem, creating new opportunities for traders globally. What Does the Aptos Backpack Exchange Listing Entail? Aptos, a blockchain renowned for its scalability, security, and the Move programming language, recently…

Fed Chair Jerome Powell’s speech on Friday at this year’s Jackson Hole Economic Policy Symposium balanced rising inflation risk against a fragile labor market, and the political calendar now raises the odds that his eventual successor will be less cautious on rates. Powell’s message was deliberately sober. He said the “effects of tariffs on consumer prices are now clearly visible” and will keep filtering through with uncertain timing. Headline PCE inflation ran 2.6% in July and core 2.9%, with goods prices flipping from last year’s declines to gains. He framed the labor market as a “curious kind of balance,” with…

A growing share of the United Kingdom’s cryptocurrency investors are struggling to fund their accounts, highlighting the regulatory and banking hurdles facing the digital asset sector. An IG Group survey of 500 UK crypto investors and a broader sample of 2,000 adults found that 40% of users said their bank had either blocked or delayed payments to a crypto provider. Among those affected, 29% lodged complaints with their banks, while 35% said they switched lenders in response. When the broader sample was asked about banks intervening in crypto transactions, 42% said they opposed such measures, while 33% expressed support. “We’re…

The cryptocurrency market is buzzing with exciting news from South Korea’s leading digital asset exchange. Upbit has officially announced a significant expansion to its trading offerings: the highly anticipated Upbit AERO listing. This move introduces new spot trading pairs for AERO, the native token of Aerodrome Finance, marking a notable development for traders and the broader crypto ecosystem. What Does the Upbit AERO Listing Entail? Upbit, known for its robust trading volume and user base, is set to add multiple spot trading pairs for Aerodrome Finance’s AERO token. This comprehensive listing includes: AERO/KRW: Direct trading against the Korean Won, catering…

Speaking to Bloomberg during the Jackson Hole Economic Symposium, Boston Fed President Susan Collins stated that the interest rate decision to be taken at the next Fed meeting is not yet clear. Collins emphasized that while labor market growth has slowed, economic fundamentals remain solid, adding, “This is a complex picture. We need to balance both the potential rise in unemployment and the risks of inflation.” Collins stated that monetary policy is currently “moderately restrictive,” which is appropriate given current conditions. However, he argued that data releases in the next four weeks will be critical. “We’ll see more data before…