Author: NBTC

The U.S. Federal Housing Finance Agency will examine how crypto holdings might be considered in the mortgage qualification process, its director, Bill Pulte, said Monday. “We will study the usage of cryptocurrency holdings as it relates to qualifying for mortgages,” Pulte announced on X. Further details on how crypto would be assessed were not provided. The FHFA has been approached for comment. The FHFA is the independent regulator of key aspects of the U.S. housing market, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.  It was created in the wake of the 2008 financial crisis to ensure…

Today marks a significant change to the Shiba Inu ecosystem following the launch of ShibDAO, a new system that gives power to the community by design. As announced on X by Shiba Inu Updates, this move is an important step towards decentralization, where decisions are made by those who support SHIB and not behind closed doors. With the launch of the DAO, the ecosystem becomes more transparent and fairer for everyone. Hence, ShibDAO introduced a few key features. There’s on-chain staking that allows holders of SHIB, BONE, LEASH, and TREAT to lock up their tokens for a specific period. The…

A federal judge delivered a significant blow to authors suing tech giants over AI training this week. The judge ruled that Meta’s use of copyrighted books to train its artificial intelligence models constituted fair use under copyright law. U.S. District Judge Vince Chhabria in San Francisco sided with Meta Platforms on Wednesday in a case brought by 13 authors, including comedian Sarah Silverman and Pulitzer Prize winners Junot Díaz and Andrew Sean Greer. The 13 authors suing Meta failed to provide enough evidence that the company’s AI would dilute the market for their work, Judge Chhabria said in the ruling.…

Bitcoin traded at $104,678 after posting an intraday high of $105.997 at press time. Despite its steady hold above the six-figure mark for nearly a month, a growing number of long-term holders are taking profits. Technical analyst EGRAG CRYPTO has released a chart predicting a cycle top at $175,231 and a retracement low near $34,000, raising questions about how the market will react in the months ahead. EGRAG’s Chart Forecasts $175K Bitcoin Top Then $34K Bottom The forecast provided by EGRAG uses long-term Fibonacci extensions, moving averages, and market cycle durations. According to the analysis, the 1.618 Fibonacci extension, at…

Ethereum holds above $2,500 as institutional inflows rise and bulls defend key support at $2,395. Will ETH retest $2,699 next? The broader crypto market remains muted as tensions in the Middle East escalate. Ethereum holds ground around $2,500, with lower price rejections suggesting bullish support at lower levels. Amid these conditions, will institutional support revive a bullish trend in Ethereum? Ethereum Price Analysis On the daily chart, Ethereum’s price shows a declining trend from last week. It is currently subsiding slightly above the 38.20% Fibonacci level at $2,395. At present, Ethereum trades at approximately $2,522. The lower price rejections, evident…

This is a segment from The Breakdown newsletter. To read full editions, subscribe. “The global economy is going to work 100 times better because it’s using this new technology that lets us move money in a permissionless, programmable way.” — Jesse Pollak Imagine if Twitter, instead of publishing the world’s stream of consciousness in real time, embargoed our posts during the day and released them all at once at 2 am every day. Or if the New York Times stockpiled its journalists’ daily output and published it in a single daily batch. Such is the pre-internet dystopia in which our…

XRP loans to be offered only to NYSE and NASDAQ-listed firms starting Q3 2025. Loans will be secured by assets or converted into stock and posted on the XRP Ledger. XRP futures on CME will be used to hedge risk and manage market exposure. Ault Capital Group, a subsidiary of Hyperscale Data, has revealed plans to introduce a beta version of an XRP-based lending platform in the third quarter of 2025. The new platform will target publicly traded firms and aims to offer enterprise-level access to decentralized finance through loans issued in XRP. The announcement follows Hyperscale Data’s recent move…

BitMine Immersion Technologies is raising $18 million through a public stock offering to expand its Bitcoin holdings. According to the company’s announcement in a June 4 press release, the offering includes 2.25 million shares priced at $8.00 each. BitMine has also granted underwriters a 45-day option to purchase an additional 337,500 shares to cover potential over-allotments. The offering is expected to close on June 6, pending customary conditions. BitMine intends to use all of the funds raised to purchase Bitcoin (BTC), aligning with its strategy of acquiring Bitcoin through mining and direct investment. With operations in Trinidad and Texas, the…

Ethereum cofounder Joseph Lubin is in the hot stories again — this time with a deep endorsement of what he is calling one of the most compelling theses on ETH to date. The thesis compares ETH not just to a digital currency but to something much bigger: a kind of “digital oil” or “energy” that powers a re-decentralized global economy. The idea is not a new one; it is similar to some of the early Ethereum metaphors, but Lubin says it is more relevant now than ever, especially with the huge growth in AI, data infrastructure and decentralized protocols. Lubin…

SEOUL, June 24 (Reuters) – The senior deputy governor of South Korea’s central bank said it was desirable to introduce won-denominated stablecoins at a gradual pace, first with rigorously-regulated commercial banks. Stablecoins, a type of cryptocurrency designed to maintain a constant value – typically pegged at 1:1 to the U.S. dollar – are widely used by crypto traders to move funds between tokens, and are starting to be adopted by more and more companies. “It is desirable to first allow banks, which are under a high level of regulations, to issue (won-based stablecoins) and gradually expand to the non-bank sector…