Author: NBTC

The Fed held policy steady, as expected, but the policy statement was more hawkish than most anticipated. Still ahead is Chair Jerome Powell’s press conference at which he may give a better idea of the bank’s plans with respect to a September rate cut. As expected, the U.S. Federal Reserve left its benchmark fed funds rate range unchanged at 5.25%-5.50%. Maybe somewhat surprisingly though, the Fed gave little indication that a September rate cut is guaranteed. “Inflation has eased over the past year but remains somewhat elevated,” said the central bank in its policy statement. “The economic outlook is uncertain,…

Every dog has its day. But now it’s the cats’ time to shine. Over the past seven days, cat-themed tokens are the biggest gainers among the major crypto categories as defined by CoinGecko. Climbing 40% during the span, cat-themed coins have outperformed dog and frog meme coins, as well as more serious categories like layer-1 blockchain coins and DeFi protocols.Leading the charge is Keyboard Cat (KEYCAT) on Ethereum layer-2 network Base, which is up 96%, while Solana’s Michi (MICHI) similarly soared 93.6%. Alongside them, Kitten Haimer (KHAI) leaped 59%, Popcat (POPCAT) jumped 56%, Shark Cat (SC) climbed 51%, and MOG…

On-chain data shows the Bitcoin transfer volume of retail investors has seen a sharp decline recently, a sign that this group may be losing interest. Bitcoin Volume For Retail-Sized Transactions Has Plunged Recently As explained by CrypoQuant author Axel Adler Jr in a new post on X, the total BTC transfer volume for transactions valued between $1,000 and $10,000 has gone down recently. The “transfer volume” here refers to the total amount of Bitcoin (in USD) that addresses on the network are moving around daily. This metric isn’t confused with the “trading volume,” which typically keeps track of only the…

At 21:00, the FED left interest rates constant, as expected. Now, FED President Jerome Powell is holding a press conference. Here are the most important excerpts from Powell’s statement: We have made significant progress on both goals in the last 2 years. We are determined to return inflation to the 2% target. We maintain our restrictive stance. The pace of spending has slowed but remains robust. Latest indicators show that the economy continues to expand at a solid pace. Long-term inflation expectations appear well-anchored. We need more confidence about inflation. Second quarter inflation data increased our confidence. More good data…

The ongoing bull rally, led by Bitcoin’s recapture of the $66K price point, has positively impacted the gaming token sector. Among the top-performing crypto assets in this market is Immutable (IMX), a layer-2 scaling solution for NFTs on Ethereum that powers a range of blockchain games. At its current price of $1.62, IMX has grown 12% in the last 24 hours alone. While today’s gains further elevate its one-week performance to a substantial 23% increase, IMX has not fully recovered from the loss it incurred over the last 30 days. Swiftly following IMX in recent price performance is BEAM, which…

BitGo co-founder and CEO Mike Belshe recently shared insights on various aspects of the cryptocurrency industry and BitGo’s latest projects during a Thinking Crypto podcast episode. Belshe asserted that “crypto is an unstoppable and a major political force” and provided updates on the evolving crypto landscape. The CEO also revealed that BitGo has been actively expanding its team and initiatives to align with current crypto market trends, including the launch of Go Network. This new platform facilitates post-trade settlements within qualified custody, addressing a critical need for institutional clients in the cryptocurrency space. Belshe explained that while self-custody solutions suit…

Cryptocurrency analysis company Santiment announced in its statement the altcoins that developers focus on most in the Solana ecosystem, which has continued its rise recently, especially with memecoins. While creating the list, analysts examined the developers’ activities over the last 30 days. As expected, SOL, the main coin of the Solana ecosystem, ranks first on the list with a developer score of 74.57. However, SOL was not at the top of the previous month’s list. Instead, the Jupiter (JUP) token was ranked first. In the last month’s list, JUP fell to second place. Here are the altcoins and developer scores…

Rich Dad Poor Dad author Robert Kiyosaki has revealed that he purchased 60 bitcoins at $6,000 each and continues to buy more bitcoin every month. He explained that the crypto represents “rules-based money,” contrasting it with government fiat money, which he describes as “debt-based.” Kiyosaki emphasized that rules-based money increases wealth, while debt-based money diminishes it. “Hang on tight as bitcoin lifts off into the ‘Banana Zone,’” he said. Robert Kiyosaki Buys Bitcoin Every Month Robert Kiyosaki, the well-known author of “Rich Dad Poor Dad,” has disclosed his continuous dedication to investing in bitcoin, stating that he increases his holdings…

Main Takeaways: Binance Labs has invested in Particle Network, the leading L1 solution for unifying all chains via Universal Accounts, addressing user and liquidity fragmentation in Web3. With Particle Network’s Chain Abstraction infrastructure, users can maintain a single account and balance across the entire ecosystem, eliminating the need for manual bridging or asset management across multiple chains. Binance Labs, the venture capital and incubation arm of Binance, has invested in Particle Network, the leading L1 solution for unifying all chains via Universal Accounts, addressing user and liquidity fragmentation in Web3. The number of blockchain networks is rapidly increasing, with a…

Cryptocurrency trading platform Gemini recently highlighted XRP’s stunning price growth. “Rise and vibe XRP fam,” the exchange giant said in a post on the X social media platform. The exchange has noted that the price of the Ripple-linked cryptocurrency has surged by roughly 30% over the past week. XRP’s massive rally Earlier this Wednesday, XRP surged to a year-to-date peak of $0.632, according to CoinGecko data. With its double-digit price jump, it has outperformed virtually every other major altcoin in the top 10. As reported by U.Today, the Ripple-affiliated token recently started experiencing elevated levels of FOMO. With that being…