Author: NBTC
With inflation in the US remaining below expectations, the Bitcoin (BTC) price remained stable in the $110,000 band. The Consumer Price Index (CPI) for May increased by 2.4% on an annual basis, while headline inflation rose for the first time since January, while the overall inflation trend continued to slow. Core inflation remained stable at 2.8%. Financial markets showed limited reaction to the data, with Bitcoin trading in the $109,600-$110,100 range, while U.S. stocks continued their volatile course with a slight increase. Nansen Chief Research Analyst Aurelie Barthere said the current data will have limited impact on the market. “This…
Bitcoin BTC$109,547.89 stayed steady above $109,500 in Asian morning hours Wednesday, a rebound that started after last week’s profit-taking.However, all eyes are on ether ETH$2,790.36 with traders commenting on upside volatility in the weeks to come and reporting record volumes for certain ETH-based products on some exchanges. ETH zoomed 5% in the past 24 hours, leading gains among majors. “Investors are finally recognizing the compelling investment opportunity that Ethereum presents. It’s still trading well below its all-time highs, while bitcoin is already near its ATH levels,” said Jeff Mei, COO at BTSE, in a message to CoinDesk. He pointed to…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Representatives from the US and China kicked off a second round of trade talks in London today at 1 p.m. local time. National Economic Council director Kevin Hassett told CNBC this morning it should be a “short meeting with a big strong handshake.” Here’s hoping. President Trump sent his top dogs: Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and trade representative Jamieson Greer. China’s delegation includes vice premier He Lifeng. It’s the second US-China meeting on neutral ground in less than a month. Roughly three…
Polygon co-founder Sandeep Nailwal has officially assumed the role of CEO of the Polygon Foundation, marking a pivot in the organization’s leadership makeup and a sweeping overhaul of the network’s longterm roadmap. Nailwal, who launched the project in 2017 when it was still called Matic Network, will consolidate control and reorient the team toward AggLayer — Polygon’s new cross-chain liquidity protocol that promises seamless interoperability across networks. “This renewed control marks the beginning of a strategic push for Polygon to reclaim its position at the forefront of Web3,” the team wrote in a press release shared with CoinDesk As chief…
The U.K.’s financial services regulator, the Financial Conduct Authority (FCA), appointed a deputy chief executive for the first time, naming Sarah Pritchard to the role as it looks to bolster its oversight of the crypto and digital assets industry. “The new role has been created to reflect the FCA’s expanding remit, with … regulation of stablecoin and crypto firms as well as buy now pay later activities,” the FCA said on Tuesday. The country’s regulatory regime trails that of the nearby European Union, which already has a transnational licensing framework in place with its Markets in Crypto Assets (MiCA) regulations.…
While crypto gaming has long been seen as a key use for blockchain, letting gamers really own and freely trade their unique items and perhaps profit from a game’s success, developers are struggling to sustain their games and digital economies. Some games, like Gunzilla Games’ Off the Grid, have punched through to a broader audience, gaining adoption from top streamers and gamers alike—albeit ahead of full blockchain integration. But many other games and studios building with tokens are struggling to find players and maintain funding. In 2025, a number of once-promising crypto games have already closed up shop, and the…
Bitcoin BTC$109,156.97 miner Riot Platforms (RIOT) said it sold 1.75 million shares of rival Bitfarms (BITF) for about $1.58 million as part of a continuing review of its investment in the company following an unsuccessful takeover bid that saw its stake in the company rise to almost 15%.The shares, sold on June 9 over the Nasdaq and other open markets, fetched a weighted average price of about $0.90 per share and reduced Riot’s beneficial ownership to 14.3%, the company said. The hostile takeover bid became public in May 2024, with Riot offering to buy Bitfarms for $2.30 per share, an…
Kima Network, known for revolutionizing financial interoperability, is ensuring secure and seamless payments and liquidity. Kima has recently unveiled its Next-Gen financial infrastructure through its social media X post. As per the details provided by the firm, this advanced financial infrastructure is aimed at bridging traditional finance (TradFi) and decentralized finance (DeFi) to serve its user base in terms of seamless payments and liquidity. For the said purpose, Kima is employing significant features like Universal Payment Rail (UPR), Liquidity as a Service (LaaS), and Delivery vs. Payment (DvP). Kima is redefining financial infrastructureFrom TradFi to DeFi, our tech unlocks seamless…
Almost a year and a half after bitcoin BTC$108,728.33 spot exchange-traded funds were unleashed upon the U.S. financial system, financial advisors are still trying to wrap their heads around crypto.That’s according to Gerry O’Shea, head of global market insights at crypto asset manager Hashdex. “The overwhelming majority of financial advisors in particular are not recommending an allocation to bitcoin or crypto to their clients at this point,” O’Shea told CoinDesk in an interview. “Of course, there are some out there that have been very proactively thinking about this space and getting their clients exposure to it, but that’s really a…
Stablecoin protocol USDT0 is giving tokenized gold a crypto native spin, aiming to make the world’s oldest stores of value compatible with decentralized finance (DeFi) applications. The platform is introducing the XAUT0 token, which builds on Tether Gold (XAUT) but integrates an omnichain architecture to expand its utility for trading and as collateral on lending protocols. The token uses LayerZero’s Omnichain Fungible Token (OFT) standard to move seamlessly across blockchains without relying on bridges or wrappers. Tether’s XAUT corresponds to one troy ounce of gold stored in a Swiss vault, linked to a specific bar meeting London Bullion Market Association…