Author: NBTC

Ethereum-based gaming network Xai has filed a lawsuit against Elon Musk’s artificial intelligence company xAI, accusing it of trademark infringement and unfair competition. The complaint, lodged in the Northern District of California on Thursday, claims Musk’s xAI company has created widespread market confusion, damaging Xai’s brand. Ex Populus, the Delaware corporation behind Xai, said it has used the XAI trademark in US commerce since June 2023, including through its blockchain gaming ecosystem and the $XAI token. “This is a classic case of trademark infringement that requires the Court’s intervention to remedy,” the filing said. Ex Populus operates the Xai ecosystem,…

Hut 8 (HUT) is set to spin out most of its bitcoin BTC$111,187.10 mining operations into American Bitcoin (ABTC) within the next week, a move that Benchmark analyst Mark Palmer said could re-rate the company’s shares. Yesterday, Hut 8 unveiled plans to develop 1.53 gigawatts (GW) of new capacity across four U.S. sites, in Louisiana, Texas and Illinois, more than doubling its power under management to 2.55 GW. Palmer raised Hut 8’s price target to $36 from $33 and reiterated his buy rating on the stock. The new price target suggests nearly 40% upside from yesterday’s close just below $26.…

With over $80 billion in trading volume over the past day, Ethereum shows mind-blowing activity you would not expect. This spike in activity is accompanied by $291,600,000,000 in open interest in ETH derivatives, showing that the derivatives market absolutely dominates. Ethereum’s strong interest According to the daily ETH/USDT chart, Ethereum reinforced strong buyer interest by rapidly rebounding near $4,280 after recently pulling back from the $4,800 region. Even though it is a sharp correction, it fits the pattern of a healthy uptrend in which retracements are absorbed before new legs rise. Throughout the recovery, spot volume has remained high, which…

The Fed, which has been on hold since January 2025, is expected to cut interest rates in September. While the September rate cut was initially priced in at nearly 100%, it is now priced in at 81%. At this point, while waiting for the economic data to arrive before the September meeting, FED members made one hot statement after another. Atlanta Fed President Raphael Bostic, speaking at the opening of the Metro Atlanta Chamber of Commerce board meeting, stated that he expects only one more interest rate cut this year. Bostic said the current 4.25%-4.50% interest rate is marginally restrictive,…

Based on the latest data, bitcoin mining earnings have been sliding, marked by stretches of sharp price swings. Hashprice—the projected return for 1 petahash per second (PH/s) of computing power each day—now sits 7.61% below where it stood on July 27. Hashrate Remains Resilient as Block Times Speed Up Ahead of Next Difficulty Hike Projected for Sept. 5 Bitcoin’s mining difficulty is now 129.7 trillion, climbing 0.20% five days ago at block height 911232. Although this increase has slowed miners from finding blocks quickly while revenue declines, the network’s hashrate remains high at 965.77 exahash per second (EH/s) as of…

With Ethereum hovering above $4,200 and aiming for new highs, bulls are once again in control. ETF inflows, improved technicals, and shifting market dynamics suggest a further leg higher. Investors can expect a surge to $4,800 if the upside momentum sustains. Let’s discuss the key factors why Ethereum (ETH) can rally to $4,800 and possibly go to an all-time high as well, in this Ethereum price prediction. Table of Contents Current ETH price scenario 3 signs ETH may rally to $4,800 Ethereum short term price outlook Current ETH price scenario ETH 1d chart, Source: crypto.news At the moment, ETH is…

Stablecoins, digital tokens tied to predominantly fiat currencies like the U.S. dollar, will balloon to a $1.2 trillion market by 2028 and even have an impact on U.S. debt markets, Coinbase analysts projected in a Thursday report. The forecast, published by the exchange’s research arm led by David Duong, is based on a stochastic model simulating thousands of growth paths for the stablecoin sector. To swell almost five-fold from the current market size of $270 billion, the asset class “relies on incremental, policy-enabled adoption compounding over time,” the report said. Stablecoin issuers such as USDC (USDC) issuer Circle (CRCL) and…

The European Central Bank (ECB) has responded to claims that the digital euro could be run on public blockchains such as Ethereum or Solana. The ECB announced that different technologies are being evaluated, but a final decision has not yet been made on this matter. Following the adoption of the stablecoin law in the US last month, European Union (EU) officials have decided to accelerate their plans for a digital euro. The new regulation adds a $288 billion regulatory framework to the stablecoin market and has raised concerns in Europe that dollar-based tokens will become increasingly dominant in the global…

Bitcoin (BTC), Etheruem (eth) and altcoins have been experiencing a correction in recent days. At this point, Bitcoin fell to $112,000 after reaching a new ATH of $124,000 last week, while Etheruem, which was said to reach a new ATH, fell from $4,800 to $4,000. While expectations for a new ATH for Ethereum are still ongoing, the ETH report came from US banking giant JPMorgan. According to Coindesk, JPMorgan analysts said that the increase in both ETFs and corporate treasuries could further push the price of Ethereum. To this point, JPMorgan analysts said Ethereum was outperforming Bitcoin, supported by strong…

Markets are quickly recalibrating previously lofty odds of an imminent rate cut as the jets touch down in Jackson Hole for the Kansas City Fed’s Economic Symposium. The current data does not make the case for a September ease, said Cleveland Fed President Beth Hammack, speaking with Yahoo News in Wyoming. “We have inflation that’s too high and has been trending upwards over the past year,” she said. “If the meeting was tomorrow, I would not see a case for reducing interest rates.” She further argued that inflation numbers are only beginning to show the impact of tariffs and that…