Author: NBTC
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The Fed’s favorite inflation gauge inched down just slightly in January, but we remain a ways off from its 2% target. Decreased consumer spending and sharp income growth complicate the central bank’s mandate, and throw a wrench in the works for those hoping it would be a quarter of economic expansion. Here’s a rundown of the latest personal consumer expenditures print and what it means for interest rates, markets and economic growth. The PCE index rose 2.5% annually in January, down from 2.6% in December. Core…
Jupiter has officially begun its first JUP token buyback, with on-chain data confirming that 4.88 million JUP worth $3.33 million have already been repurchased. The Feb. 26 buyback was reported on X by popular on-chain analyst AI姨, who flagged Jupiter’s (JUP) Litterbox address used for all buyback transactions. The buyback is the first step in Jupiter’s larger strategy to repurchase JUP tokens with 50% of protocol fees. https://twitter.com/ai_9684xtpa/status/1894587658359509255?s=46&t=nznXkss3debX8JIhNzHmzw The buyback initiative, which was unveiled on Feb. 13, intends to reduce the number of tokens in circulation by locking repurchased tokens for three years and generating consistent buying pressure. The cryptocurrency…
Bitcoin (BTC) drops below $89K amid Bybit hack, ETF outflows, and market uncertainty. Trump’s tariffs on Canada and Mexico add pressure to global markets. Bitcoin (BTC) fell to $86,008.23 before recovering slightly. It is now trading at $88,763.49, down 0.15% in the last 24 hours. The market cap stands at $1.76 trillion, with a 24-hour trading volume of $81.23 billion, pushing the market cap ratio to 4.75%. BTC is facing immediate resistance at $90,000, with stronger resistance near $92,500. On the downside, support sits at $86,000, with a critical level at $84,500. A break below $84,500 could send BTC toward…
DeFi projects have become important platforms in the Ethereum ecosystem in various ways. Their continued crucial role in Ether token burning has remained visible. These decentralized platforms not only drive greater DeFi adoption but also are active avenues for the ETH fee-burning mechanism. Today, data reported by Phoenix Group highlighted the top 10 DeFi projects that contributed to significant amounts of Ether fees burning over the past month. TOP #ETHEREUM BURNER #DEFI PROJECTS IN THE LAST MONTH#Metamask #Uniswap $UNI #Gnosis $GNO #1INCH #Aave $AAVE #Pendle #0xProtocol $ZRX #KyberSwap $LINK #Paraswap pic.twitter.com/qhbVSAfHg2 — PHOENIX – Crypto News & Analytics (@pnxgrp) March…
South Korean investors, known for their bold approach to high-risk trading, are now facing the consequences of their speculative bets on Tesla-linked leveraged products. As Tesla Inc.’s stock has plummeted, so too have the fortunes of many retail investors in South Korea, who placed their bets on exchange-traded products (ETPs) designed to amplify gains. Tesla, which had become a beloved stock among South Korean investors, has seen its value decrease significantly in recent months. This has affected thousands of retail investors who were banking on ETPs that mirror Tesla’s daily price movements—particularly the Leverage Shares 3x Tesla product. According to…
Spot Bitcoin (BTC) and Ethereum (ETH) ETFs, seen as a turning point for the cryptocurrency industry in 2024, have been approved. This approval enabled ETF applications for altcoins such as XRP, Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA). As the cryptocurrency community eagerly awaits the green light for altcoin ETFs, top analysts expect them to be most likely approved. However, one analyst said that altcoin ETFs will not live up to expectations. Katalin Tischhauser, Head of Research at Sygnum Bank, stated that altcoin ETF approvals are inevitable, but they may not attract much interest among investors and will…
The total market cap of the 14 publicly-listed U.S. miners that Wall Street bank JPMorgan (JPM) tracks dropped 22% in February as the bitcoin (BTC) price declined and mining economics came under pressure. Bitcoin miners with high performance computing (HPC) exposure fell following the DeepSeek artificial intelligence (AI) announcement, and due to concerns about demand for data center capacity in the near-term, the bank noted. Revenue and profitability fell last month. The bank estimated that bitcoin miners earned $54,300 per EH/s on average in daily block reward revenue in February, a 5% decline from the month previous. “Daily block reward…
President Donald Trump’s controversial memecoin launch in January could have catalyzed the recent Bitcoin (BTC) and crypto market peak, according to the macro strategist Jim Bianco. Bianco, the president of Bianco Research, tells his 443,700 followers on the social media platform X that Bitcoin hit its all-time high of around $109,000 in January, just a few days after Trump launched his official memecoin. BTC is down nearly 8% in the past 24 hours and more than 7% in the past week. The top-ranked crypto asset by market cap is trading at $87,244 at time of writing, its lowest level since…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. The Crypto Twitter version of internecine warfare in Ethereum circles has come to a close. The Ethereum Foundation has announced a significant leadership restructuring. Aya Miyaguchi, who has served as executive director since 2018, previously announced her transition to the role of president. In her new capacity, Miyaguchi aims to enhance the foundation’s institutional relationships and broaden the reach of its vision and culture. That left the executive director position to fill. The foundation announced Saturday the appointment of Hsiao-Wei Wang and Tomasz Stańczak as co-executive…
El Salvador President Nayib Bukele recently held talks with a16z’s co-founders Ben Horowitz and Marc Andreessen at Casa Presidencial, the Presidential House of El Salvador, according to the country’s National Bitcoin Office (ONBTC). 🇸🇻President Bukele recently met at Casa Presidencial with the co-founders of Silicon Valley venture capital firm, Andreessen Horowitz: @pmarca @bhorowitz Topics discussed include: ➡️Investment opportunities in El Salvador as an emerging regional tech hub focused on freedom… pic.twitter.com/WwQy0wkApY — The Bitcoin Office (@bitcoinofficesv) March 2, 2025 ONBTC noted that the meeting was focused on technology investments and artificial intelligence development opportunities. Key discussion points included investment prospects…