Author: NBTC

Financial services giant Goldman Sachs reportedly says hedge funds are scooping up stocks at a rate not seen since 2024. In a note to investors, Goldman Sachs says hedge funds bought global equities last week at the quickest pace since November 2024, some seven months ago, reports Reuters. The buying spree comes as stock markets ended the month with their strongest May performance in decades. The S&P 500 (SPX), for example, increased over 6% in May, the largest monthly increase since November 2023, and the best performance for the month of May since 1990. Goldman Sachs says hedge funds closed…

The stablecoin sector expanded by a full percentage point this past week, growing by $2.558 billion in total. Of that figure, a hefty $1.45 billion came directly from Tether’s USDT, continuing its lead role in the space. Stablecoin Market Swells by $2.5B in 7 Days As of now, data from defillama.com shows the stablecoin market hovering just shy of the $250 billion threshold, clocking in at $249.986 billion. Since last Saturday, the overall stablecoin supply has increased by $2.558 billion—with Tether alone minting $1.45 billion of that total. Total stablecoin market cap on June 7, 2025 via defillama.com. On Saturday,…

House Financial Services Committee Chairman French Hill introduced the Digital Asset Market Clarity Act on May 29, a bipartisan measure that would place most cryptocurrencies under a unified federal regime and draw clear lines between securities law and commodity oversight. The 249-page bill defines “digital commodity,” “investment-contract asset,” “mature blockchain system,” and “permitted payment stablecoin.” Then, it amends the Securities Act, Exchange Act, and Commodity Exchange Act to embed those terms. Hill called the proposal “long-overdue clarity for the digital asset ecosystem” and said he aims to send it to President Trump “to secure America’s position as the global leader…

TradeStation Securities added CME Group’s newly launched XRP futures contracts. The firm now offers access to micro- and large-sized contracts for institutional and retail clients in crypto derivatives. Broader Access to Regulated XRP Trading According to the announcement, TradeStation’s clients will now trade cash-settled XRP futures based on the CME CF XRP-Dollar Reference Rate, published daily at 4:00 p.m. London time. The contracts come in two sizes, 2,500 and 50,000 XRP, offering more flexibility to traders seeking precision and capital efficiency. “As demand for regulated crypto derivatives continues to grow, TradeStation Securities is committed to providing traders with direct access…

BNB Chain AI Bot assists developers and users across platforms, offering 24/7 support for coding, proposals, and community engagement. The bot also enhances security on Discord, blocking scams and phishing while learning from community feedback. BNB Chain has been on a roll this year. After previously integrating the JUSD stablecoin with a 24/7 redemption system supervised by Jiritsu Network’s zkMPC technology, as we previously reported, they are now making another breakthrough. This time it’s not about direct finance, but about the convenience of developers, communities, and users in interacting with their ecosystem. Starting at the end of May 2025, BNB…

As President Donald Trump’s trade war threatens to upend the global economy, an interesting divergence has emerged that could potentially grease the bitcoin BTC$108,969.41 bull run.The divergence in consideration is the elevated yields on U.S. Treasury notes that threaten to compound the fiscal issues, and the renewed negative flip in yields on Swiss government bonds. According to data source Investing.com, Swiss government bonds with maturities of up to five years offered negative yields at press time, with the two-year yield at -17.8 basis points. On the contrary, similar-duration Treasury notes offered yields over 4%. The divergence is the bond market’s…

Today, Ethereum (ETH) witnessed $37.17 million pulled from exchanges, according to data reported by the Data NERD. The withdrawal activity could be a sign of a potential price jump. While such actions often hint at upcoming changes, it’s important to explore what crypto users might expect next. 2 fresh wallets withdrew totally 14,739 $ETH (~$37.17M) from #Coinbase and #Kraken– 0xD22 withdrew 10,781 $ETH (~$27.18M)– 0xd46 withdrew 3,958 $ETH (~$9.99M)Addresses:https://t.co/pA6Q6L9gDbhttps://t.co/Am10mRcZl4 pic.twitter.com/pE3wOfXzS3 — The Data Nerd (@OnchainDataNerd) June 1, 2025 $37.17 million ETH withdrawn from exchanges ETH is currently on the radar after two new wallets picked the asset as their best…

Bridgewater Associates founder Ray Dalio is putting US investors on notice, warning that America’s financial situation presents serious problems. In a new interview on CNBC, the billionaire compares the US economy to a circulatory system, whereby credit is brought to the people, and the people then have to convert it into profits. If the credit is not used productively, however, Dalio notes that the debt simply builds up, not only slowing down the economy, but also hurting the bond market as well. Dalio, who answers “yeah” to the question of whether or not America is “going broke,” suggests that the…

Investors are always eager to add top crypto gainers to their list of cryptocurrency investments. New data from Phoenix Group highlighted the top crypto gainers of today, showing assets that have witnessed substantial growth and recognition. DAILY GAINERS$EVER +73.9% $EDGE +40.2% $DOME +22.8% $MYTH +20.5% $HUMA +20.1% $AB +14.8% $FLM +14.7% $CSPR +13.8% $DAG +12.9% $CFX +12.9%#dailygainers pic.twitter.com/kBMjXEDZe0 — PHOENIX – Crypto News & Analytics (@pnxgrp) June 7, 2025 Top 10 crypto gainers of today Everscale (EVER) Everscale (EVER) topped today’s market performance with a massive price growth of 73.9% gained over the past 24 hours. This rise currently placed…

Eduardo Nogueira Liberato, an official from the Central Bank of Brazil, stated that this stablecoin proposal is not set in stone, and that there is room to flexibilize the methods to allow citizens to execute withdrawals to self-custody wallets. Central Bank of Brazil Might Change Draft Banning Stablecoin Self-Custody Executives from the Central Bank of Brazil have given positive statements regarding the change of a proposal that would ban Brazilians from withdrawing stablecoins to self-custody wallets. In statements given during a tokenization event in Rio de Janeiro, Eduardo Nogueira Liberato, head of the central bank’s division of the Prudential and…