Author: NBTC
Ryan Selkis, former CEO of Messari, has revealed his next focus, which intersects crypto, AI, and re-electing Donald Trump. Selkis called the new initiative “Project Solomon,” his plan to contribute to Donald Trump’s second White House stint and create a parallel Washington built with modern technologies like blockchain. In his view, the development of an open internet, cryptocurrency, and artificial intelligence represents the three most critical battles for America in the coming decade. https://t.co/dcVNwbSTmM — Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) September 5, 2024 As Selkis doubled down on Trump support, the Republican candidate raced ahead of Democratic opponent Kamala Harris.…
The launch of “Project X” is proudly announced by Qubic, a cutting-edge distributed ledger technology based on quorum that also has an AI platform in development. With this initiative, major features and upgrades are introduced to promote long-term community development. It will improve revenues, balance emissions, and support community driven development. A Thriving Ecosystem The goal of Project X is to establish a robust, long-lasting ecosystem that benefits users, developers, partners, and the community. Computors, specialized nodes built for task execution, may now allocate a portion of their weekly rewards (emissions) to projects they think will strengthen the ecosystem thanks…
Understanding long-term market dynamics is crucial for savvy crypto investors. Recent analysis by Crypto Banter highlights the importance of monitoring the M2 money supply chart, which illustrates trends in liquidity across financial markets. This chart, overlaid with the S&P 500, reveals that historically, September is a weak month for stock markets due to reduced liquidity from summer vacations. This trend also impacts cryptocurrencies. The M2 money supply chart, reflecting past increases in liquidity due to Federal Reserve policies, suggests potential significant price movements in the crypto market. Moreover, analyzing market seasonality and the Volatility Index (VIX) can provide valuable insights.…
George Lagarias, chief economist at Forvis Mazars, has argued for a modest 25 basis point rate cut ahead of the Fed’s upcoming policy meeting. Lagarias warned against a larger cut of 50 basis points, saying it could send the wrong message to both the market and the broader economy. “I don’t think there’s any urgency to cut rates by 50 basis points. Anything bigger could signal panic or unnecessary anxiety, and as we know, a recession often becomes a self-fulfilling prophecy,” he said. While most strategists expected the Fed to settle for a 25 basis point cut, recent economic data…
Shibburn wallet tracker shows that one of SHIB’s key metrics, token burn rate, has plunged deep into the red zone. Shiba Inu burns face massive plunge According to the data shown by the Shibburn website, the burn rate of the second largest meme cryptocurrency is almost 100% below the zero mark with only 261,691 SHIB meme coins burned. That was the only burn transfer over the past day so far. On the previous day, this tracker spotted a total of 7 million SHIB in daily burns. As for the weekly reading of this metric, it is 843% up with 114,255,785…
Options features are likely to be added to spot Bitcoin (BTC) exchange-traded funds (ETF) in the US in the fourth quarter, according to Bloomberg ETF analyst James Seyffart. However, in another post, Seyffart highlighted that the offering could start as soon as the third quarter, as the final deadline for a decision from the US Securities and Exchange Commission (SEC) is approximately Sep. 21. He added: “Technically in our note I said second half of 2024 because the SEC deadline is in 3rd quarter (sept 21) and there’s nothing stopping things from moving even faster than that other than: ‘It…
The son of a storied Hollywood producer is taking his father’s company where few in town have dared venture: into crypto. Pressman Film, an independent production house that helped create classic movies including “Wall Street” and “American Psycho,” announced on Thursday that it will use investment platform Republic—on blockchain network Avalanche—to launch a tokenized public fund that will allow members of the public to invest in a slate of upcoming films. “My father, Edward R. Pressman, is widely considered a pioneer in our industry for the innovative methods he brought to financing film production across his five-decade career,” Sam Pressman,…
Ondo Finance and Arbitrum Foundation have announced the launch of Ondo U.S. Dollar Yield on Arbitrum. In an announcement shared with crypto.news on Aug. 27, Ondo Finance (ONDO) and Arbitrum (ARB) stated that the tokenized note USDY had launched on the Ethereum layer-2 scaling solution. The Ondo U.S. Dollar Yield is a yield-bearing asset secured by short-term U.S. Treasuries, currently accounting for $347 million in market value. Per data from RWA.xyz, USDY is live on the Ethereum (ETH) and Solana (SOL), among other blockchain networks. USDY to unlock DeFi benefits for Arbitrum users By launching on Arbitrum, USDY is now…
MicroStrategy executive chair Michael Saylor reiterated his unwavering belief in Bitcoin despite its notorious volatility, likening its fluctuations to natural phenomena that possess immense, harnessable energy. Saylor’s latest comments came during a Fox News interview, during which the host asked him to elaborate on how MicroStrategy has “crushed everything” after adopting Bitcoin. The MicroStrategy founder said the firm’s success is directly driven by Bitcoin’s vast potential to solve the world’s problems. He added that the firm is simply “levering the most powerful idea in the world right now” to drive its remarkable success. Solving problems Despite criticisms and skepticism from…
The Federal Reserve is finally cutting interest rates this month, and while many are expecting a modest rate cut of 0.25%, Michael Feroli, chief economist at JPMorgan, says the Fed needs to go bigger. He’s calling for a 50 basis point (0.5%) cut. His reasoning is that a smaller cut won’t be enough to keep things stable. Right now, the Fed’s target rate is between 5.25% and 5.50%, and Feroli thinks that’s too high. He believes the neutral rate—where the Fed isn’t stimulating or slowing the economy—should be closer to 4%. That means the Fed is currently about 150 basis…