Author: NBTC

Donald Trump’s dismissal two weeks ago Bureau of Labor Statistics Commissioner Erika McEntarfer and nomination of EJ Antoni as her replacement is generating plenty of “inside baseball” chatter among the political class. But did the president — as uncouth and ham-handed as his methods are — stumble upon a truth that was hiding in plain sight: that the government economic data relied upon by markets and business leaders for the allocation of hundreds of billions in capital just isn’t very accurate? “I probably would have fired the head of the Bureau of Labor Statistics too,” wrote Ray Dalio, founder and…

Major crypto exchange Coinbase has entered a new era with DEX (decentralized) trading now integrated directly into the Coinbase app. Through the move, users will be able to trade millions of on-chain assets directly in the crypto exchange’s app. At launch, users will be able to trade a growing list of Base-native tokens, including assets from such projects such as Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs and Super Champs within the Coinbase app. The recent move has no doubt boosted volumes on Base, with a Base developer drawing attention to more than $2 billion in…

Exciting news is brewing in the blockchain gaming world! Ronin Ethereum L2, the popular gaming blockchain, recently announced a pivotal move that could redefine its future. This strategic shift involves transitioning from its current Ethereum sidechain setup to a full-fledged Ethereum Layer-2 (L2) solution. The team expects to complete this significant upgrade in the first or second quarter of next year, marking a major milestone for crypto gaming. What is Ronin and Why the Shift to Ronin Ethereum L2? Ronin initially launched as an Ethereum sidechain, specifically tailored for blockchain games like Axie Infinity. It aimed to provide a faster,…

Former Dallas Fed President and Goldman Sachs Vice Chairman Robert Kaplan said the Fed is likely to cut interest rates in September. Kaplan stated that weak employment data and slowing demand supported this decision. Kaplan argued that while the current unemployment rate appears strong on the surface, the labor market is actually weaker. “Employment growth has ground to a halt,” he said. “The headline unemployment rate appears low due to a lack of labor supply,” he said. He argued that weak demand, excess capacity in the goods market, and disinflationary pressures brought on by artificial intelligence (AI) developments also present…

A new high-profile whale has emerged on Hyperliquid. White Whale was extremely successful, topping the leaderboards for the past 30 days with over $50M in profits. Hyperliquid has a new high-profile whale with big social media influence. White Whale was successful in the past month, topping the leaderboards with over $50M in gains. While not being the most masterful trader when it comes to returns on the position, White Whale had the biggest retained profit. The top trader known as the White Whale showed his prowess on Hyperliquid with over $50M in gains for the past 30 days. | Source:…

Orbler is excited to announce its groundbreaking collaboration with Veltrixa AI to revolutionize the landscape of digital finance. Through this partnership, Orbler aims to introduce an all-in-one platform to integrate AI-powered trading into blockchain-powered financial services and gamified reward systems. This partnership strives to empower novice traders and seasoned investors, providing them with innovative tools. This incentive is set to ensure decentralization and transparency across the ecosystem. 🌐 @veltrixaai partners with Orbler! 🤝Unlock AI-powered trading, blockchain finance & gamified rewards in a single platform built for everyone. Embrace transparency & decentralization. 🌐 Explore Veltrixa: https://t.co/PBa7B2m6gU#Web3 #AI #Trading #Blockchain #Finance… pic.twitter.com/4HpiM2jd3v…

Wall Street was upbeat at Wednesday’s open as stocks climbed to extend their winning streak, with the S&P 500 hovering at record highs and top altcoins leading the latest crypto rally. Summary Stocks rose on Wednesday to extend gains, with S&P 500 and Nasdaq edging higher after hitting record highs. Wall Street is bullish on Federal Reserve cutting interest rates in September. Cryptocurrencies are also bullish as top altcoins rally. The Dow Jones Industrial Average climbed 150 points, while the S&P 500 rose 0.3% to new highs above 6,400. The Nasdaq Composite added 0.4%, breaking above 21,795. Wall Street’s positive…

Kraken has officially launched its services across all 30 countries in the European Economic Area under its Markets in Crypto-Assets Regulation license. This license allows Kraken to offer crypto services to millions of customers across Europe within a unified regulatory framework. Other crypto exchanges such as Coinbase and Bybit have also secured MiCA licenses, enabling them to operate across the EEA under the new rules. Crypto.com has received an in-principle MiCA license, indicating preliminary approval subject to final confirmation. Kraken’s MiCA-regulated entity is authorized by the Central Bank of Ireland. It now serves all EEA clients directly. The activation of…

Solayer launched SVM Bridge, an interoperability protocol to connect Solana and the Solana Virtual Machine. Summary Solayer unveils SVM Bridge to boost interoperability in the Solana ecosystem SVM Bridge will connect Solana with InfiniSVM and other SVM chains. Network boasts low latency, security, and efficient asset bridging Solana (SOL) ecosystem’s interoperability could soon get a boost. On Friday, August 15, Solayer, the company behind InfiniSVM, announced the launch of SVM Bridge. The bridge will serve as an interoperability solution for networks using the Solana Virtual Machine (SVM). The bridge will connect the Solana network with InfiniSVM and other SVM chains.…

As tokenized real-world assets surpass $25 billion in value, a new accelerator backed by Galaxy, OKX, and Anchorage aims to prepare startups for institutional scale. Summary As tokenized RWAs top $25.5 billion, a new accelerator backed by Galaxy, OKX, and others is launching to support early-stage startups building for institutional scale. Called Ascend, the program offers funding and guidance to teams with live products as traditional finance ramps up on-chain adoption. Backed by major crypto and fintech players, a new accelerator is setting out to identify the builders turning real-world assets (RWAs) into the backbone of institutional-grade on-chain finance. A…