Author: NBTC

Treasury Secretary Scott Bessent testified today before the House Ways and Means Committee on the sweeping tariffs imposed by President Trump. Bessent left London late after trade talks with China and returned to Washington in the early hours of the morning. Speaking to the press before leaving the historic Lancaster House near Buckingham Palace where the talks were held, Bessent said regarding the China talks, “We had productive talks for two days and the process is still ongoing.” While the main agenda of today’s session was Treasury Department priorities, Bessent’s information on trade talks with China generated considerable interest among…

The Shiba Inu team is again highlighting the importance of ecosystem growth, suggesting these fundamentals will attract those who value the asset. The broader crypto market is witnessing a period of muffled price action, and Shiba Inu (SHIB) and its ecosystem tokens have not escaped the consolidation spell. Pessimism Amid Shiba Inu Downtrend Particularly, after hitting a local top of $0.00001765 last week, Shiba Inu spent most of the week in a downtrend amid persistent bearish pressure in the broader market. SHIB lost 5.72% of its value last week and is already down another 4.87% this week. Notably, Bone ShibaSwap…

The U.S. House of Representatives has officially designated the week of July 14–18 as “Crypto Week,” signaling a major legislative push focused on digital asset policy and federal oversight. Lawmakers will vote on three significant pieces of legislation that could reshape the future of cryptocurrencies and government-backed digital currencies. According to an announcement shared by House Financial Services GOP and confirmed by journalist Eleanor Terrett, the House will consider the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act during this critical week. These bills touch on core issues such as regulatory transparency, innovation in digital finance, and…

Gate has officially announced its strategic partnership with xStocks to redefine the future of finance. This collaboration is set to begin a new era that aims to integrate the traditional finance (TradFi) world into the ever-evolving landscape of crypto. Gate, by joining forces with xStocks, strives to become a leading force to enrich global markets with tokenized equities. These tokenized equities are now available for spot and future trading alike. xStocks <> Gate@Gate_io joins the xStocks Alliance to accelerate the merge of TradFi and crypto, pioneering the first futures market for xStocks alongside spot.The gate to global finance is open,…

President Putin of Russia has blamed growing energy deficits caused by the booming minting of digital currencies for a creeping ban on crypto mining across his country. Putin’s comments on the matter follow a recent increase in electricity prices which, as analysts predict, is likely to affect the business of companies mining Bitcoin in the Russian Federation. Governors asked for it, Putin says of Russian mining ban Electricity shortages resulting from the rapid growth of crypto mining are the main reason for Moscow’s decision to ban the activity in certain regions, Russian President Vladimir Putin explained during an event devoted…

Bitcoin is stalling at a major support zone with strong technical confluence. A rare Butterfly Harmonic Pattern is taking shape, potentially targeting $113,000 if the current level holds and symmetry completes. Bitcoin (BTC) has experienced a corrective phase over the past few weeks following a strong bullish trend earlier in the quarter. This pullback has now brought price action into a critical high time frame support zone near $104,600, a level that has proven significant on multiple technical fronts. While some may view the consolidation as indecision, it may actually be setting the stage for a highly structured continuation move.…

BlackRock boosts Ethereum holdings with $54.8M purchase, now holding 1.4M ETH. Ethereum futures open interest stays high despite price dips, signaling strong market activity. ETH trades near $2,450 with steady volume and $295B market cap amid intraday price swings. BlackRock, the world’s largest asset manager, has purchased 22,058.53 Ethereum (ETH), valued at approximately $54.8 million. This recent acquisition marks another move in BlackRock’s growing engagement with the crypto market, particularly with Ethereum, the second-largest digital asset by market capitalization. JUST IN: BlackRock buys 22,058.53 Ethereum worth $54.8 million. pic.twitter.com/x52Opwsswq — Whale Insider (@WhaleInsider) July 2, 2025 The purchase was confirmed…

DWF Labs currently holds 11 million NEAR tokens with over half staked to secure the protocol. The NEAR tokenomics currently entail a 5 percent annual inflation, which has been criticized by some investors. Andrei Grachev, a top executive at DWF Labs, has challenged the core developers at Near Protocol (NEAR) to reduce the token’s inflation from 5 percent to 2.5 percent. In an X post on Wednesday, Grachev requested the core developers at Near Protocol to consider theThe move to boost the long term prospects of the project. Grachev reminded the core founders that DWF Labs currently holds 5 million…

VeChain Renaissance, its new upgrade, will improve tokenomics, staking, and interoperability. VET Token to see increased adoption and a corresponding value boost. The long-awaited VeChain Renaissance upgrade is set to debut in July 2025, sparking excitement within the community. This upgrade brings a new staking system that shifts away from passive rewards and is a game-changer for the VET token. Promise of the VeChain Renaissance A VeChain community member, Splendid, on the social media platform X highlighted key features of the Renaissance upgrade. Splendid noted that the upgrade is focused on improving three key areas in the VeChainThor: tokenomics, staking,…

The International Monetary Fund (IMF) has warned that President Trump’s tax bill, now nearing final approval, could make it more difficult to reduce the US fiscal deficit and national debt in the coming years. Speaking at a briefing in Washington, IMF spokeswoman Julie Kozack said the proposed legislation appears to run counter to efforts aimed at curbing federal debt over the medium term. Kozack emphasized that initiating deficit reduction sooner would allow for a more gradual and manageable path toward fiscal sustainability. The IMF examines Trump’s bill and its potential impact on the US economy The IMF, which is responsible…