Author: NBTC

US President Donald Trump asked whether he should fire Fed Chair Jerome Powell during a private meeting with Republican House members at the White House last night. Many in the room supported the idea, according to people with direct knowledge of the meeting. Some attendees said Trump gave the clear impression he would do it. Trump’s statement came just after House Republicans blocked a vote that would have advanced cryptocurrency legislation. While the fate of the bill, which the president championed, remains uncertain, his comments about Powell have heightened political tensions in Washington. Federal law states that a Fed chair…

HTX, the Justin Sun-advised cryptocurrency exchange, has cycled hundreds of millions of dollars worth of Tether (USDT) out of and into the Aave lending platform over the last week. It’s not clear why HTX is engaging in these transactions, but they’ve caused substantial volatility in Aave’s USDT lending rates. HTX transaction timeline 0x18709E89BD403F470088aBDAcEbE86CC60dda12e (0x18709) is an address labeled as “Huobi: Recovery” on Etherscan and is where HTX received funds after a hack. 0x18709 is a frequently used address that interacts with a variety of decentralized finance (DeFi) protocols, including Aave, Uniswap, Justin Sun-advised Wrapped Bitcoin, and more. 7 days ago…

Anoma, a decentralized OS for Web3, has formally released the initial launch of its testnet, featuring its intent-driven architecture. This initiative aims to simplify and standardize the decentralized applications in various blockchain networks. As a decentralized operating system (OS) of Web3, Anoma provides a platform that abstracts other infrastructure and streamlines multi-chain development. The testnet will test the capabilities of creating applications that cross chains by using user-defined intents instead of conventional transactions. The testnet will provide developers and users with a pragmatic taste of the intent-driven system of Anoma. What’s more, now applications will no longer be limited with…

Today, the Liquid Federation has announced that the Liquid Network has surpassed $3.27 billion in total value locked (TVL), according to a press release shared with Bitcoin Magazine. “Surpassing the $3 billion threshold marks a pivotal moment for both Liquid and Bitcoin, signaling the evolution of Bitcoinʼs ecosystem into a full-fledged platform for global financial markets,” said the CEO and Co-Founder of Blockstream Dr. Adam Back. “As Bitcoin gains mainstream acceptance, and demand for regulated asset tokenization accelerates, Liquid is better positioned than ever to bridge Bitcoin with traditional finance and drive the next wave of capital markets innovation.” The…

Ethereum is emerging as a top contender for stablecoin-based investors as the Bank of America launches new weekly research for digital assets. Matthew Sigel, the head of digital asset research at VanEck, shared a new development in digital assets involving Bank of America (BofA), one of America’s leading banks. Amid a growing institutional interest in cryptocurrencies, BofA has launched a new weekly “On Chain” report, aiming to expose the areas of the rapidly evolving digital asset industry. First Call: Bullish Ethereum Ethereum, the largest altcoin by market cap, is not in its element yet this cycle, but was the first…

US President Donald Trump has announced a 50% tariff on Brazilian imports, escalating tensions after a week of diplomatic strain. The new tariff will take effect on August 1. The announcement came through Trump’s social media channels in a formal letter addressed to Brazilian President Luiz Inácio Lula da Silva. In the letter, Trump cited “unfair trade practices” by Brazil and criticized the Brazilian Supreme Court’s handling of former President Jair Bolsonaro. He currently faces trial for inciting an anti-democratic coup attempt. That event led to the January 8, 2025, storming of the Planalto presidential palace in Brasília. Tensions between…

XRP advocates continue to promote the asset as one of the greatest financial investments of all time, one that no one should miss out on today. In a tweet, XRP community influencer Coach JV described Ripple as a revolutionary force in the global finance industry. According to him, XRP is not another crypto asset vying for attention but the foundation of a new financial system that is already unfolding. Ripple Replacing the Banking System As a result, Coach JV declared that XRP is the most disruptive financial technology of our lifetime. He stressed that Ripple isn’t merely competing with the…

Fidelity’s Senior Tax Counsel VP , Sarah Reilly, told lawmakers during a congressional hearing today that the crypto industry urgently needs tax rules that are clear, consistent, and easy to follow. Speaking alongside Blockchain Association CEO Summer Mersinger at an ongoing House Ways & Means Subcommittee session, Reilly called attention to the challenges crypto investors and companies face under current tax law. Fidelity VP Calls for Better Crypto Tax Rules She pointed out that without proper guidance, individuals and institutions have no choice but to rely on outdated tax principles and vague internal IRS policies. According to her, these stopgap…

According to data from on-chain data platform LookOnChain, South Korea-based investors are showing great interest in the PENGU token. Three wallets associated with Bithumb and Upbit exchanges have accumulated 945 million PENGU (approximately $32 million) in the past week alone. The total PENGU balance across these three wallets has reached 2.92 billion tokens (approximately $96.73 million), equivalent to 3.8% of the total circulating supply. On the other hand, the address “0x0277,” which is thought to be linked to China-based cryptocurrency investment giant Fenbushi Capital, recently withdrew 4,000 ETH (approximately $12.93 million) from the Binance exchange. On the institutional selling side,…

Binance has unveiled a $1 million project called ‘Blockchain for Vietnam’, which is scheduled to be implemented from July 2025 to July 2027. This two-year initiative is designed to facilitate Vietnam in advancing its blockchain technology by focusing investments in education, industry use, and student funding. Vietnam is rising fast in digital innovation, and we’re investing in the future.#Binance has launched a $1M initiative to empower educators, support students, and drive real-world blockchain adoption across Vietnam’s key industries.Learn more 👉 https://t.co/AhnKQ4VBvZ pic.twitter.com/hKgQCOWvb3 — Binance (@binance) July 16, 2025 The program is aimed at structured training of university teachers. Binance will…