Author: NBTC

President Trump has once again called on Fed Chair Jerome Powell to cut interest rates, but the crypto community doesn’t seem interested anymore. Rate cuts seem as unlikely as ever, but the market has new bullish narratives. Between a US-China trade deal, new investors, and technological advancements, recession fears have apparently left the crypto market. Trump Keeps Pushing for Rate Cuts When Trump’s tariffs threatened to disrupt the global economy, the crypto industry pinned its hopes on one bullish narrative: cuts for US interest rates. The US President repeatedly harangued Jerome Powell, even threatening to fire him before relenting, yet…

StakeStone (STO) price is by over 30% in the past 24 hours, buoyed by spot listing on Binance exchange. STO began trading on Binance spot at 16:00 UTC on May 2 across multiple pairs, including USDT and BNB. According to the official announcement, eligible users who subscribed Binance Coin (BNB) to Simple Earn products—either Flexible or Locked—and On-Chain Yield between April 27 and April 29, will receive STO airdrops as part of the launch incentives. Prior to this, the token was only available on Binance’s Alpha Market, giving early access to select users. Launched in early April through a token…

CoinDesk hosted its annual Consensus conference in Toronto this week. It was busy, to put it mildly. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative It’s been a hectic week, watching the Senate’s ongoing negotiations over its stablecoin bill, trying to track other legislation and the courts (more on that later perhaps) and just generally meeting folks here in Toronto. Why it matters Here’s a selection of CoinDesk’s coverage from the past week. Breaking it down New York Finance Watchdog Harris Says…

In corporate finance, inflation is often accepted as an unavoidable force—something to hedge against, but never escape. Every fiscal model, investment thesis, and capital plan ultimately bends around it. But the way we measure inflation is rarely questioned. The Consumer Price Index (CPI), the world’s default inflation gauge, measures price changes of a basket of goods in fiat currency. But here’s the problem: fiat currencies are designed to lose value. This means we’re measuring rising prices with a yardstick that’s shrinking. Now, Samara Asset Group, an executive member of Bitcoin For Corporations (BFC), is challenging that convention. They’ve launched the…

Coinbase’s S&P 500 debut forces index managers to buy in, validating Ark’s bold, research-driven bet and catapulting crypto into Wall Street’s financial mainstream. Ark Invest to Index Funds: You Can’t Ignore Coinbase Anymore Cathie Wood, chief executive of Ark Investment Management (Ark Invest), clarified her stance on crypto exchange Coinbase (Nasdaq: COIN) following its inclusion in the S&P 500 by addressing the distinction between active and index-sensitive investment strategies. “Well deserved recognition, Brian Armstrong and Coinbase!” Wood stated in a post on social media platform X on May 12. The executive added: While you probably agree that active managers should…

Tether, the company behind the $148 billion stablecoin USDT, plans to launch its U.S.-focused stablecoin later this year or early 2026 depending on the nation’s stablecoin legislation, CEO Paolo Ardoino told CNBC in an interview. “Realistically, it depends on the timeline of the final legislation on stablecoins, but we are looking at [launching the product] by the end of this year or early next year at the fastest,” he said. Ardoino said that the firm’s flagship USDT token is catered towards users in emerging markets with limited access to U.S. dollars, and the new offering would be a different product.…

Ben Hoffman, Chief Strategy Officer and Head of Consumer Products at Fifth Third Bank says the company is considering expanding its cryptocurrency business. This comes after establishing a small clientele that uses deposit accounts and payment features for tasks like sending payroll and collecting money, as US regulations became clearer. According to Hoffman, the Cincinnati-based lender is also looking into using stablecoins to help with cross-border transactions, which will help reduce expenses and improve the efficiency of value transmission. Fifth Third also aims to integrate with additional payment rails, allowing customers to trade digital assets and pay for crypto purchases…

Ethereum farming game Pixels is currently offering players the opportunity to earn a token airdrop by flirting with an AI-powered non-player character (NPC)—yes, really. Players have jokingly branded the experience as a “rizz-to-earn” mini-game, in the wake of the popular but fleeting play-to-earn and tap-to-earn game models. Players must load up Pixels and head over to Terra Villa before entering AiVeronica’s castle to purchase a key for 100 PIXEL tokens ($5). You can also buy one from the AiVeronica site for 77 PIXEL ($4), but the supply is close to running out. Then you’ll be able to enter the room…

Bitcoin price rebounded as high as $97,260 on Wednesday after initially retracing towards $94,000. Bitcoin’s latest volatile swings coincides with Asian geo-political tensions as the Indian military launches a missile attack on Pakistan. Coinglass data shows BTC breached a cluster of $734 million BTC short positions around the $95,600 level. Bitcoin price surged to $97,260 after initially retracing below $94,000 on Wednesday amid India’s missile attack on Pakistan, triggering market-wide volatility. Bitcoin wobbles under pressure for India’s military attack on Pakistan Bitcoin price climbed to $97,260 on Tuesday before swiftly retracing below $94,000 as geopolitical tensions exploded in South Asia.…

Crypto is storming into traditional finance as Coinbase’s CEO predicts 401(k) adoption, institutional momentum surges, and digital assets reshape retirement investing and market benchmarks. Crypto Crashes the 401(k) Party With Unstoppable Institutional Force Institutional momentum and the integration of cryptocurrencies into traditional financial frameworks are steadily transforming how digital assets are evaluated by both regulators and market participants. Illustrating this broader shift, Coinbase CEO Brian Armstrong offered two insights Tuesday via the social media platform X. The Coinbase executive first suggested that digital assets are approaching a tipping point in retirement investing, specifically in 401(k) plans. These employer-sponsored retirement accounts…