Author: NBTC

Myriad: How high will Bitcoin go? Click to make your prediction. The spark was Friday’s jobs report, and it was ugly—for the economy, that is. U.S. employers added only 29,000 positions in September, according to the Bureau of Labor Statistics, roughly a third of what economists expected. The unemployment rate ticked up to 4.2%. Revisions made it worse. July was revised from a gain of 21,000 to a loss of 10,000 jobs, and August was cut from 162,000 to 133,000. Annual wage growth cooled to 3.0%. Bad news for workers, good news for risk assets. That’s the weird math of…

Meanwhile, FDIC’s latest industry assessment shows stronger profits and fewer banks on its problem list. That doesn’t mean the six failures were harmless, or that every surviving bank is doing well, but anyone selling a 2023 rerun has some explaining to do. Nano Banc’s Sept. 25 closure brought the count to six and supplied the largest failure of the year so far. The Irvine, California, lender reported $736 million in assets, and the FDIC estimated a $114 million cost to its Deposit Insurance Fund. Someone will bear that loss, but a bill attached to one failed bank doesn’t mean the…

Those who are trying out the Smart Escrow tech would need to update their configurations for the new Devnet. Big tech overhaul The ninth release includes a lot of under-the-hood changes. One of the key changes in this release is the full migration of the WebAssembly virtual machine integration from C++ to Rust. Vadari said this new architecture brings a single point of entry for gas accounting, error handling, and checks. Moreover, this migration improved performance by 30%–50% for every host function call. In addition, the developers also updated the names of host functions, fields in the ledger, result codes…

A Stock Adjustment on a Crypto Index The exchange’s announcement identified BENUSDT’s underlying asset as Franklin Resources. But Gate’s public index-composition endpoint showed the contract drawing prices from BEN trading pairs on MEXC and Uniswap V3, rather than a stock-market price feed. Gate’s contract specification API listed a multiplier of 100. Applying the announcement’s formula—net contract quantity multiplied by the contract multiplier and the per-share dividend—would therefore produce a 33 $USDT adjustment for each net contract. That is the formula’s implied payment, not a verified amount ultimately retained by traders. The mechanism explains why the adjustment threatened short positions even…

The companies said the test was limited to technical verification and did not represent a commercial launch or live customer offering. Banks experiment with AI-agent payments HSBC is among several banks testing how AI agents could initiate financial transactions on customers’ behalf. In March, Spanish banking giant Santander completed an AI-agent-initiated payment using Mastercard’s Agent Pay infrastructure in a controlled test involving the bank’s live payment systems. Swiss digital asset bank Sygnum followed in May with a test of AI-agent-driven transactions on a blockchain mainnet, with customers required to approve and sign each transaction. Spanish banking group CaixaBank also completed…

The program also discussed Bitcoin’s price behavior in recent weeks. While a rise in the dollar index normally puts pressure on risky assets, it was noted that despite the US dollar reaching an 18-month high, Bitcoin has maintained its upward trend over the past five or six weeks. The fact that Bitcoin remained above its 50-week moving average while gold fell below it reinforced the view that the cryptocurrency has recently been behaving differently than a classic risk asset. Related News A Critical Day Has Arrived for This Altcoin: $337 Million in Tokens Will Be Unlocked—But There’s an Important Detail…

This is the Treasury cash-futures basis trade, and the sums involved are large enough to reach well beyond the bond desk. Morgan Stanley estimated positions had fallen 20% this year to about $1.2 trillion, according to Sept. 24 reports. The bank hadn’t found evidence of broad basis-related market stress at that point, so a smaller trade wasn’t automatically a trade that would blow up. Hedge funds love small profits when it’s someone else’s money You can buy a Treasury security outright, or trade a futures contract that sets terms now for a transaction completed later. The contract specifies which securities…

Market Pulse As of now, Polygon’s price remains stable, with volume showing no notable activity. However, the excitement surrounding the announcement could lead to changes as traders react to the news. Given Polygon’s recent recognition and the growing interest in its technological advancements, the market might see increased engagement in the days to come. Polygon is a leading layer-2 scaling solution for Ethereum, designed to enhance transaction speeds and reduce costs. Its reputation has been bolstered by recent developments, including partnerships and innovations that attract developers and users alike. The entity’s growth aligns with the increasing demand for scalable blockchain…

The Numbers Current market sentiment remains mixed as developments unfold across various cryptocurrencies. While specific trading volumes for Solana’s new token are not available, the focus on custody solutions signifies a broader trend toward professional management in digital assets. The careful positioning of ConcreteXYZ Foundation with a trusted partner like BitGo indicates an intent to foster trust and reliability in their upcoming launch. ConcreteXYZ Foundation is focused on leveraging blockchain technology to enhance its ecosystem. BitGo has established itself as a leader in providing secure custody solutions, making this partnership strategically significant. Their collaboration is expected to strengthen the foundation’s…

During bitcoin’s latest attempt, the reversal was swift as the price tumbled from $86,615 to $85,503 in less than 20 minutes. As of 1:05 p.m. EST, the cryptocurrency had fallen further to trade just above $85,200, leaving its market capitalization virtually unchanged from 24 hours earlier at $1.71 trillion. The volatile price action resulted in over $109 million in leveraged bitcoin positions being wiped out. Coinglass data shows liquidated short positions accounted for the lion’s share of the liquidations at $62 million, compared to $47 million in long bets. Across the broader cryptocurrency market, short liquidations totaled $122 million, while…