Author: NBTC
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. President Trump yesterday issued his first crypto executive order. The news and ensuing chaos on Crypto Twitter reminded me of Biden’s crypto executive order, published in March 2022. Let’s take a trip down memory lane. Here’s what Trump’s report says, and how it differs from Biden’s plans: On CBDCs Trump’s order prohibits federal agencies from establishing, issuing or promoting central bank digital currencies. It calls for any ongoing projects creating a CBDC to be “immediately terminated.” CBDCs “threaten the stability of the financial system, individual privacy…
Bitcoin (BTC) adoption by U.S.-listed public companies continues in full steam. The latest purchase comes from NYSE-listed Genius Group (GNS). On Jan. 10, GNS reported increasing its bitcoin holding to $35 million, which was ahead of its scheduled target of $120 million. In the process, it acquired 372 BTC at an average price of $94,047 per bitcoin. The first announcement came on Nov. 12, when it announced its “Bitcoin-first” strategy. On Tuesday, GNS also reported a rights offering, allowing shareholders to purchase additional shares at discounted prices. If fully subscribed, the rights offering could generate $33 million. GNS founder and…
Nvidia faced a catastrophic 16.9% drop in its stock price today, its worst day on Wall Street since March 2020. The sell-off was caused by Chinese AI company DeepSeek, who shattered confidence in the competitiveness of US tech companies. Nvidia’s shares plummeted to levels not seen since October, dragging the broader tech market down with it. The crash hit other major players hard too. Micron and Arm Holdings dropped over 11% and 10%, respectively, while Advanced Micro Devices (AMD) and Broadcom took severe hits of 6% and 17%. Power infrastructure companies tied to AI, like Constellation Energy and Vistra, faced…
The TREAT token from the Shiba Inu ecosystem has emerged among the top gainers in the crypto market after initially experiencing a devastating price slump post-launch. Data from the market tracking platform CoinMarketCap shows that TREAT has surged by 61% over the last day, trading at $0.008533 at press time. This comes despite a largely bearish market led by Bitcoin. Meanwhile, prominent centralized exchange KuCoin posted a tweet today ranking TREAT as the top gainer in the past 24 hours with a 111% surge. At the time of the update, Shiba Inu’s TREAT price was $0.0098. These figures suggest that…
The U.S. House Oversight Committee has launched an investigation into alleged debanking practices targeting crypto companies. On Friday, Committee Chair James Comer sent letters to prominent crypto executives, including Coinbase CEO Brian Armstrong and Uniswap founder Hayden Adams, seeking information about reported banking restrictions. The inquiry aims to assess whether financial institutions acted independently or were influenced by government pressure to deny services to crypto firms. 1/ Today we, along with some of the most important crypto companies and investors, received a letter from @GOPoversight asking for information on the recent debanking of lawful companies and individuals.We’re grateful for @RepJamesComer’s…
Bitcoin (BTC) and other digital assets have dropped as part of a wider macro-driven sell-off in the market and there is a risk that forced selling could lead to further weakness, investment bank Standard Chartered said in a report on Monday. The market downturn was triggered by Federal Reserve Chairman Jerome Powell’s hawkish press conference in mid-December. The bank noted that investors who took on bitcoin exposure after the U.S. election in November, are now “only breaking even,” and there is a risk that forced or panic selling could add to the sell-off. This includes exchange-traded fund (ETF) buyers and…
Recent market data reports a significant amount of ETH caught up in large holder activity within the last 48 hours. According to Ali, a crypto analyst, whales have bought over 1.14 million ETH in the last 48 hours. This massive accumulation has sparked curiosity and speculation within the crypto community. Whales have bought over 1.14 million #Ethereum $ETH in the last 48 hours! pic.twitter.com/7X1ibdE1IG — Ali (@ali_charts) January 24, 2025 Along similar lines, blockchain data tracker Whale Alert reports three major Ethereum transactions within the last 24 hours, with a substantial amount of ETH moved between unknown wallets. The transactions…
San Francisco-headquartered SoFi Technologies signaled Monday it would soon dive back into crypto following expectations the SEC would begin to clarify crypto rules under its new leadership. While the firm once offered its customers the ability to trade 20 digital assets in the U.S.—including Bitcoin, Ethereum, and Dogecoin—the company called it quits in 2023, winding the service down after “careful consideration,” according to a statement at the time. The company’s return will hinge on the regulatory clarity brought about under President Donald Trump’s administration, SoFi CEO Anthony Noto said during a Monday earnings call. “We hope the administration and the…
Much has been said about the Bitcoin (BTC) seized from the Silk Road illicit marketplace and owned by the U.S. government at the very start of 2025. Indeed, a BTC price downturn converged with the revelation that the Department of Justice (DoJ) retains the right to sell the coin to spark investor fears that the authorities either caused or are about to cause a significant cryptocurrency plunge. Soon after, data indicating the selling might have begun gained attention, though a lack of confirmation across multiple sources raised the possibility the blip was little more than a bug, and, indeed, an…
The following is a guest post from Rostyslav Bortman, Founder at Ethereum Ukraine. Let’s face it: although 2024 was a year of technological success for Ethereum, it was also a year of financial disappointment. On the one hand, Dencun was finally deployed, and activity on Layer 2 networks in the ecosystem skyrocketed 4 times. On the other, Ethereum began to lag behind Solana in terms of the number of developers, and ETH’s dynamics did not meet investors’ expectations. Nevertheless, Ethereum’s technological structure ensures strong expectations for its growth. Today, we already have all the tools to create more convenient and…