Author: NBTC
How will inflation, strong jobs data, and rising Treasury yields shape the Fed’s upcoming rate decision? The Federal Reserve’s Jan. 29 meeting looms large as markets eagerly await clarity on interest rate policy. With a 97.3% probability that rates will remain steady at 4.25%-4.5%, according to market forecasts, and just a slim 2.7% chance of a 25 bps cut, the Fed’s decision is increasingly tied to incoming data. Chair Jerome Powell clarified in the December meeting that future rate cuts would hinge on economic indicators—a point reinforced by the central bank’s gradual shift, with three recent rate cuts of 50…
Solana’s ecosystem has shown remarkable resilience and growth, setting itself apart from Ethereum in key metrics. Ryan Watkins, Co-Founder of SyncracyCapital, notes that 74% of venture capital in Solana targets applications, compared to 40% for Ethereum; the difference highlighting Solana’s commitment to practical uses. Additionally, Solana has demonstrated strong price performance, closely tracking Ethereum while exhibiting greater stability. These trends explain why Solana continues to gain traction and solidify its place in the blockchain market. 74% of venture capital in the Solana ecosystem goes to applications vs 40% in Ethereum.One of the best leading indicators for why Solana will likely…
According to a report published by Unchained, US President Donald Trump reportedly criticized Ripple, the blockchain company behind XRP, for its financial support to Vice President Kamala Harris during the election period. Citing an article published by Axios on Wednesday, the report detailed Trump’s comments during a meeting with representatives of an unnamed company. Trump allegedly said, “You made this much money last year and you’re going to make a lot more now because of me… But where were you when I needed you? You weren’t with me and maybe you were with Kamala Harris.” Two sources told Unchained that…
Backpack Exchange has acquired FTX EU, the former European arm of FTX. With the acquisition, Backpack’s new EU arm will offer a full suite of crypto derivatives throughout the European Union including perpetual futures. As part of the acquisition, Backpack EU will undertake responsibility for distributing the previously court-approved FTX bankruptcy claims to FTX EU customers. In addition to compliant product offerings, Backpack EU will provide seamless integration with traditional payment rails including instant, low-cost Single Euro Payments Area (SEPA) payments and wire transfers in major currencies across the region. What is Backpack Exchange? Backpack Exchange is a regulated global…
Wall Street sees a potential 20% upside in MicroStrategy stock, citing its crypto-driven strategy. As reported by Seek Alpha on Jan. 13, Brett Knoblauch, who is the Head of Crypto and Digital Assets Research at Cantor Fitzgerald, said that he believes the MicroStrategy (MSTR) stocks would reach $613. Currently, the average price of MSTR on Wall Street sits at $518. If MSTR reaches $613, its stock prices would boost up roughly 20%. Cantor Fitzgerald just boosted their price target on $MSTR from $518 to $613. 👀 Getting a little cliche to say Trump insiders know something, but I like the…
Decentralized exchange HyperLiquid announced the launch of HYPE, a native token that will be airdropped to early adopters on Friday. One billion tokens will be issued, with 31% going to users who earned points in a campaign that ended in May. A further 23.8% will be set aside for current and future core contributors, the latter of which will be locked for one year. HyperLiquid has more than 220,000 users and has racked up $2.4 billion in trading volume over the past 24 hours. Points campaigns have become increasingly common in the decentralized finance (DeFi) sector this year as they…
Trump’s SEC and CFTC picks could shape the future of crypto regulation amid escalating scrutiny on platforms like Crypto.com. The CFTC’s probe into Crypto.com’s event contracts highlights growing tensions between innovation and compliance in U.S. crypto markets. Regulatory ambiguity over “gaming” threatens crypto innovation as the CFTC’s proposed bans face industry pushback and legal challenges. Trump’s transition team is preparing to name temporary heads of several financial regulatory organizations in the days leading up to the inauguration. These important rulings revolve around the SEC and CFTC. Hester Peirce and Mark Uyeda, both Republican commissioners, are leading candidates for the SEC’s…
Namibia’s central bank has granted the first set of provisional licenses to two cryptocurrency exchanges. According to local media, citing a recent media statement from the regulator, the Bank of Namibia has granted provisional authorization to Mindex Virtual Asset Exchange (Pty) Ltd. and Landifa Bitcoin Trade CC to operate as virtual asset service providers. However, they won’t be able to offer services to the public until they receive final approval from the central bank. The provisional licenses, valid for six months, allow the companies to establish their operations, hire staff, and set up the required infrastructure. Final approval will only…
Bitcoin, the leading cryptocurrency by market cap, recently hit a new record high of $97,836, according to CoinGecko data. The leading cryptocurrency is up by nearly 6% over the past 24 hours, with its market cap now approaching the $2 trillion mark. The recent rally comes after massive inflows recorded by Bitcoin ETF products on Wednesday. BlackRock’s IBIT alone recorded $626.5 million in fresh money. Fidelity’s FBTC also recorded $134 million in fresh inflows. The odds of Bitcoin reaching the $100,000 level this November have now surged to as high as 81% on popular betting site Polymarket. Bitcoin is already…
Ripple President Monica Long predicts that some of the world’s largest banks could launch market-ready tokenized asset offerings in the U.S. this year. Long made the prediction today in response to a recent statement from Frank Chaparro, the host of The Scoop podcast. In an X post yesterday, Chaparro suggested that large banks can do anything if allowed to custody crypto assets. He speculated that this move could unlock greater liquidity, support the crypto market structure, and reduce volatility associated with crypto assets Notably, Chapparo’s projection comes amid discussions that Donald Trump’s transition team, alongside his newly appointed White House…