Author: NBTC

The argument for a Fed interest rate hike later this month is getting louder in the wake of Friday’s stellar jobs report. But look under the hood, and the market-implied probability of that outcome remains modest, leaving the outlook fundamentally unchanged from how traders saw it a week ago, well before the data release. Traders currently assign a 58% probability that the Fed will raise its benchmark borrowing cost by 25 basis points to a 3.75%–4% range, according to the CME FedWatch Tool. This pricing effectively mirrors market expectations from a week ago, when the aftereffects of Fed Chief Kevin…

Solana is facing fresh questions over the quality of its leading applications after Curve Finance founder Michael Egorov criticized Pump.fun and Phantom wallet. While Solana continues to attract strong retail activity, the comments have renewed debate around memecoin risks, wallet usability and the responsibility of permissionless platforms. In the meanwhile, Pump.fun continues to generate strong revenue, while legal disputes and alleged MEV activity add further pressure around the platform. Egorov Questions Pump.fun and Phantom Curve Finance founder Michael Egorov criticized Pump.fun, describing the Solana-based memecoin launchpad as a “casino of scams” because of the large number of speculative and potentially…

Three Executives, One Argument, No Brief Yet At the time of writing, Kalshi has not filed anything at the Supreme Court, and its opposition brief is not due for a month – but the company has spent the past week making a clear argument in public through three people, giving legal watchers an idea of their upcoming strategy. Chief executive Tarek Mansour said in an interview with RotoWire that the Ninth Circuit ruling, which sided with New Jersey, “added more legal uncertainty than there was before.” Per his framing, the courts largely agree on preemption, with “a more narrow disagreement…

For much of the past two years, publicly listed companies competed to raise capital to buy $BTC and presented themselves as leveraged alternatives to holding the asset directly. The model worked quite promisingly for a while, and their shares traded comfortably above the value of the $BTC on their balance sheets. Some experienced massive growth within months. However, Scorpions’ immortal song has come to life – there’s a wind of change. Who Is Selling? Although we have talked extensively about Strategy’s change of attitude over the past several months, the company remains the largest corporate holder and the pioneer of…

The Ethereum Foundation (EF) has shared the results of its comprehensive review process for Hegotá, planned as one of the next major upgrades to the Ethereum network. The study, published by Protocol Cluster within the Foundation, examined and rated 62 Ethereum Improvement Proposals (EIPs) proposed as part of the upgrade. Published under the title “Hegotá EIP Opinion Compilation and Rating List,” this assessment is the first unified EIP rating list prepared by Protocol Cluster for a single Ethereum network upgrade. Approximately 60 researchers, engineers, and domain experts from nine different teams within Protocol Cluster participated in the review process. Participants…

Bitcoin has experienced sharp fluctuations in the past week. Having started September at around $78,000, BTC surged above $82,000 during the week, reaching its highest level since May. However, it couldn’t maintain these levels and fell back below $80,000. The volatility in Bitcoin is particularly attributed to strong US employment data and expectations that the Fed may raise interest rates, with the likelihood of a Fed rate hike in September increasing further. At this point, two prominent figures have offered important assessments regarding interest rates. UBS Expects Two Interest Rate Hikes from the Fed! According to Reuters, UBS predicts the…

Ripple has minted another 10 million $RLUSD on the $XRP Ledger. Data from XRPScan shows that Ripple’s $RLUSD issuer account minted 10 million tokens in a transaction processed on August 17. The transaction was successfully confirmed on the $XRP Ledger and incurred a fee of just 0.000405 $XRP. The newly issued tokens were sent to an $RLUSD destination account. The transaction used a two-signer multisignature setup and recorded a maximum delivery amount of 10 million $RLUSD. According to CoinGecko data, there are 1.711 billion $RLUSD in circulation. The stablecoin has recorded roughly $58 million in 24-hour trading volume, while its…

It’s unclear if the Supreme Court will take up this case, but every lawyer I’ve spoken to for the past year thinks that SCOTUS will take up a prediction market case, likely within the next year. To somewhat overly simplify the stakes: if a majority of the justices agree that sports-related prediction markets are just gambling products, all of the companies offering these products will need to secure state licenses and approvals, and pay taxes in each state they operate in. On the other hand, if a majority of the justices agree that these are swaps that are properly overseen…

Ethereum has made notable strides in its ecosystem, recently announcing multiple upgrades and transitions that could reshape its infrastructure. The GnosisDAO has approved a significant move to transition its chain to a ZK-proven Ethereum L2 rollup, enhancing app interoperability. Additionally, BlackRock’s introduction of tokenized share classes on Ethereum signals growing institutional interest, which could reshape market dynamics. For more details, check the source. What Happened The Ethereum ecosystem has seen a flurry of activity, with 35 significant launches and upgrades reported through August. This includes GnosisDAO’s approval to transition to a ZK-proven Ethereum L2 rollup, which aims to enhance synchronous…

Bitcoin’s daily correlation with the S&P 500 fell to 0.12 during the second quarter, down from 0.58 in the fourth quarter of 2025, according to a joint report from Coinbase Institutional and Glassnode covering data through June 30. Its correlation with the Nasdaq sat at 0.21 over the same window, and gold moved in the opposite direction. Bitcoin’s correlation with the metal climbed to 0.57, and its correlation with silver reached 0.63. That reversal separates Bitcoin from the AI-driven equity trade that carried much of crypto’s price action over the past two years, arriving as the Federal Reserve meets July…