Author: NBTC
DOW Jones lost 178 points, dragged down by reduced profit expectations from major U.S. healthcare firms. Stock markets are rallying thanks to the China-U.S. tariff de-escalation, but the DOW Jones is still lagging. On Tuesday, May 13, the S&P 500 was at 5,893 points, up 50 points or 0.85%, entering positive territory for the year of 2025. The tech-focused Nasdaq was trading at 21,222.80, up 354.652 points or 1.7%. At the same time, DOW Jones was at 42,250.67 points, down 159.43 or 0.38%. This is despite the fact that positive developments in U.S.-China trade relations boosted tech stocks. For instance,…
The SEC released new guidelines on May 15 that might encourage institutions to invest in digital assets. This change details the existing securities laws that apply to broker-dealers and transfer agents in the crypto sector. Such changes mirror a move to larger crypto adoption within the traditional financial industry, mainly for compliance and record management. SEC’s new FAQ discusses key questions on how current regulations treat cryptocurrencies. Hester Peirce said the guidance is just “incremental” and more thorough updates will be released later. She stated: Nonetheless, given the uncertainty in the market regarding the application of our rules to crypto…
Coinbase Institutional’s head of research David Duong noted that the recent rally in Ethereum (ETH) is based on technical factors, but investor appetite for capital allocation is still limited. “The rise of ETH last week was largely due to technical reasons. This was related to the excess of mismatched positions, short closings, and then reopening of positions. This bullish wave is actually ETH catching up with its peers like BTC and SOL,” Duong said on social media. Duong said that this recovery in ETH price does not imply a general appetite for capital allocation in the market: “Such price movements…
President Trump has once again called on Fed Chair Jerome Powell to cut interest rates, but the crypto community doesn’t seem interested anymore. Rate cuts seem as unlikely as ever, but the market has new bullish narratives. Between a US-China trade deal, new investors, and technological advancements, recession fears have apparently left the crypto market. Trump Keeps Pushing for Rate Cuts When Trump’s tariffs threatened to disrupt the global economy, the crypto industry pinned its hopes on one bullish narrative: cuts for US interest rates. The US President repeatedly harangued Jerome Powell, even threatening to fire him before relenting, yet…
StakeStone (STO) price is by over 30% in the past 24 hours, buoyed by spot listing on Binance exchange. STO began trading on Binance spot at 16:00 UTC on May 2 across multiple pairs, including USDT and BNB. According to the official announcement, eligible users who subscribed Binance Coin (BNB) to Simple Earn products—either Flexible or Locked—and On-Chain Yield between April 27 and April 29, will receive STO airdrops as part of the launch incentives. Prior to this, the token was only available on Binance’s Alpha Market, giving early access to select users. Launched in early April through a token…
CoinDesk hosted its annual Consensus conference in Toronto this week. It was busy, to put it mildly. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative It’s been a hectic week, watching the Senate’s ongoing negotiations over its stablecoin bill, trying to track other legislation and the courts (more on that later perhaps) and just generally meeting folks here in Toronto. Why it matters Here’s a selection of CoinDesk’s coverage from the past week. Breaking it down New York Finance Watchdog Harris Says…
In corporate finance, inflation is often accepted as an unavoidable force—something to hedge against, but never escape. Every fiscal model, investment thesis, and capital plan ultimately bends around it. But the way we measure inflation is rarely questioned. The Consumer Price Index (CPI), the world’s default inflation gauge, measures price changes of a basket of goods in fiat currency. But here’s the problem: fiat currencies are designed to lose value. This means we’re measuring rising prices with a yardstick that’s shrinking. Now, Samara Asset Group, an executive member of Bitcoin For Corporations (BFC), is challenging that convention. They’ve launched the…
Coinbase’s S&P 500 debut forces index managers to buy in, validating Ark’s bold, research-driven bet and catapulting crypto into Wall Street’s financial mainstream. Ark Invest to Index Funds: You Can’t Ignore Coinbase Anymore Cathie Wood, chief executive of Ark Investment Management (Ark Invest), clarified her stance on crypto exchange Coinbase (Nasdaq: COIN) following its inclusion in the S&P 500 by addressing the distinction between active and index-sensitive investment strategies. “Well deserved recognition, Brian Armstrong and Coinbase!” Wood stated in a post on social media platform X on May 12. The executive added: While you probably agree that active managers should…
Tether, the company behind the $148 billion stablecoin USDT, plans to launch its U.S.-focused stablecoin later this year or early 2026 depending on the nation’s stablecoin legislation, CEO Paolo Ardoino told CNBC in an interview. “Realistically, it depends on the timeline of the final legislation on stablecoins, but we are looking at [launching the product] by the end of this year or early next year at the fastest,” he said. Ardoino said that the firm’s flagship USDT token is catered towards users in emerging markets with limited access to U.S. dollars, and the new offering would be a different product.…
Ben Hoffman, Chief Strategy Officer and Head of Consumer Products at Fifth Third Bank says the company is considering expanding its cryptocurrency business. This comes after establishing a small clientele that uses deposit accounts and payment features for tasks like sending payroll and collecting money, as US regulations became clearer. According to Hoffman, the Cincinnati-based lender is also looking into using stablecoins to help with cross-border transactions, which will help reduce expenses and improve the efficiency of value transmission. Fifth Third also aims to integrate with additional payment rails, allowing customers to trade digital assets and pay for crypto purchases…