Author: NBTC
US Commerce Secretary Howard Lutnick shared a lengthy X post about interest rates, urging the central bank to lower them. He stated that the US government is collecting over $30 billion per month in tariff revenue, which he argues is a positive inflow that reduces Treasury borrowing needs. Lutnick cites Jerome Powell’s testimony that tariff-driven inflation has not materialized in the past 2 and a half months, as he claims there is zero impact, and thus inflation remains under control. He continues to argue, saying that given low inflation and high tariff revenues, the Fed should cut interest rates to lower…
Flexible, Tamper-Proof Records on IOTA TL;DR:IOTA Notarization is an open-source toolkit for creating and managing tamper-proof records on the IOTA network. This alpha release supports two notarization methods: Locked Notarization for permanent records like diplomas or contracts, and Dynamic Notarization for evolving data where mainly the most recent state is of increased importance, such as sensor readings or a product’s bill of materials. Businesses rely on accurate records every day: supply chains demand precise tracking, certifications must be verifiable, and regulators require immutable audit trails. But traditional systems are often brittle. Centralized databases can be altered, lost, or tampered with…
A former semi-pro rugby player who promised investors daily returns from a crypto mining business that never existed has been sentenced to two and a half years in federal prison. Shane Donovan Moore operated Quantum Donovan LLC from January 2021 to October 2022, during which he defrauded over 40 investors out of more than $900,000, according to the Department of Justice’s Thursday statement. Moore claimed the funds would be used to purchase crypto mining rigs that would generate 1% daily returns. But instead of buying mining rigs, he funneled investor money into his personal accounts to fund a lavish lifestyle,…
The Sandbox has launched its largest LAND auction to date in partnership with GBM Auctions. The sale includes 110 LAND parcels and 220 avatars from 22 different intellectual property brands. This is the first time The Sandbox has held an auction before opening a public sale on its own platform, marking a change in its approach to digital land distribution. The auction includes 80 standard LAND parcels, 26 premium parcels, and 4 estates. The estates — three 3×3 plots and one 6×6 plot — are only available through GBM Auctions and are not listed on The Sandbox platform. The auction…
After reclaiming the $3,325 supply zone earlier this week, Ethereum price has launched into a vertical rally, rising more than 20 percent in just three sessions. Ethereum price today is trading around $3,655, its highest level since early 2024. The move is driven by a confirmed breakout from a long-term triangle structure. Bullish continuation now hinges on ETH holding above key former resistance levels. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) The weekly chart shows that Ethereum price has surged past the 0.618 Fibonacci retracement level at $3,067 and is now approaching the 0.786 level near $3,524.…
Financial services giant Robinhood continues to double down on its pro-crypto posture as its CEO, Vlad Tenev, tells CNBC that crypto will eventually replace traditional markets. Tenev suggested that instead of looking at crypto as a market of assets that can be traded or invested in, it should be viewed as an infrastructure layer. “I do think that [for] crypto itself, there’s two ways to look at it. One is a tradable asset like options, futures, and equities, the other is at the fundamental underlying technology. In the second lens, it’s the next stage in evolution. We’ve gone from paper…
Prominent blockchain investigator ZachXBT has criticized two prominent stablecoins, including Ripple’s RLUSD and Circle’s USDC, highlighting concerns about their compliance and adoption strategies. In a now-deleted social media post, ZachXBT questioned Ripple’s RLUSD stablecoin, arguing that it lacked an authentic user base and relied on paid partnerships to create the illusion of organic growth. Due to this, he said (and has not deleted) that he has more trust in other established stablecoin issuers like Circle, Paxos, or Tether. However, an XRP supporter responded to ZachXBT’s critique, arguing that RLUSD is being actively used within Ripple’s payment network, which is integrated…
Bitwise CIO Matt Hougan responded to concerns about whether the pro-cryptocurrency laws passed today in the US could be overturned by future administrations. Hougan offered a clear message to skeptics: “No, they will not be overturned.” Hougan wrote in Bitwise’s weekly CIO note that this question is frequently asked: “The question is whether today’s legislative achievements will be reversed by future administrations. My answer is clear: No. I wrote about this in detail in my Bitwise CIO memo this week. At this point, the ‘arrow is out.’” According to Hougan, cryptocurrencies have become a rare issue in Congress that has…
Bitcoin, the first and largest cryptocurrency, is getting closer to its all-time-high price point than it has in four months, reaching highs of $108,050 early Wednesday. Bitcoin had slightly erased some of its gains at press time, but it was still up 0.72% in the last 24 hours to $106,145; however, analysts expect a move higher in the coming days. According to on-chain analyst Willy Woo, Bitcoin’s next major move could be fast once it hits its all-time high. Woo believes that once BTC decisively breaks its current all-time high, the lead crypto asset could skyrocket to $118,000 faster than…
Ethereum is on fire, and it looks like this rally will not be stopping anytime soon. After breaching $3,600, the largest altcoin is $3,700 next while riding a wave of institutional inflows, whale accumulation, and renewed retail FOMO. Ether is now outperforming Bitcoin, sparking a sentiment of the official start of altseason. With a $416 billion valuation, Ethereum has entered the list of the top 30 global assets. ETH price is running up by 20% over the last 7 days as BTC witnesses a halt at $120K after smashing fresh ATHs. Whales go after Ethereum On-chain data shows two mysterious…