Author: NBTC

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Treasury yields were once again on the rise Wednesday while US equities struggled to recover from a rough day of trading yesterday. The US government’s monthly 10-year Treasury note auction on Tuesday drew the highest yield since 2007: 4.68%. Benchmark yields on 10-years hit a high of 4.73% Wednesday morning, a level not hit since last spring. Zooming out, since the Fed started its rate-cutting cycle in September, yields on 10-year notes have increased from around 3.7% to 4.7%. It’s an inverse correlation not typically seen,…

XRP, the native token used within Ripple’s payments system, has jumped to the third spot in market capitalization rankings, beating out the incumbent stablecoin issued by Tether. The asset is up more than 71% on the week to $2.47 and a further 367% over the last 30 days, according to CoinGecko data. The asset previously flipped Solana for the fourth spot late Sunday. Ripple Labs’ case against the U.S. Securities and Exchange Commission has been a primary focus for investors, which has been aided by a decision for its chairman, Gary Gensler, to depart on January 20. Derided by the…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The so-called “Trump effect” on crypto has materialized — at least for one prominent crypto player — in the form of a stateside hiring spree. Ripple is seeking new pros across all departments. Roughly three-quarters of its open positions are based in the US, including those in its recently expanded San Francisco and New York offices. Open roles include a general compliance manager and financial systems lead of enterprise performance management in San Fran, as well as a ​​KYC/due diligence specialist in NYC. Also a bunch…

With bitcoin reaching unprecedented heights, critics have come out in full force, dusting off age-old arguments. The tired accusations resurface: calling it a pyramid scheme, claiming it’s worthless because it isn’t physical, or likening it to the infamous Tulip mania. These overused jabs seem to have become a standard playlist whenever bitcoin captures attention. The Tulip Bubble Myth: Critics Keep Getting Bitcoin All Wrong As bitcoin (BTC) edges closer to the $100,000 milestone, critics are once again labeling it a scam and branding it “a pyramid built atop a pyramid.” Some have even drawn comparisons to the Tulip Mania from…

While Ethereum (ETH) underperformed in 2024 and fell behind Bitcoin, analysts said the situation could change. At this point, Sean Dawson, head of research at DeFi protocol Derive, claimed that the Ethereum price could reach a peak of $12,000 this year. Dawson believes that the excitement surrounding the first year of Donald Trump’s presidency and a major network upgrade called Pectra will be influential in ETH’s rise. Stating that 2025 will be a bullish year for Ethereum, the analyst said that if ETH is successful in the Pectra update, it will reach $ 12,000 by the end of the year…

Two savvy whales have ignited concerns across the wider digital asset landscape on Sunday, selling huge amounts of Uniswap and Chainlink tokens. Data shared by Lookinchian today December 1 shows that a trader with wallet 0x2B4F sold 135,150 UNI tokens (worth $1.71M). Another trader with wallet 0x6049 also sold 363,814 LINK tokens (worth $6.88 million) today in the morning. Will UNI and LINK survive massive whale liquidation? Uniswap and Chainlink prices are currently under intense pressure as prominent whales unload large holdings. Lookonchain revealed a Uniswap whale sold 135.150 UNI tokens (valued at $1.71 million) for a profit of $1.15…

Bitcoin advocate and Republican Senator from Wyoming, Cynthia Lummis, recently met with the Trump administration’s newly nominated SEC Chair, Paul Atkins. The objective of the meeting was reportedly to discuss crypto law reforms. In a post on X, Lummis shared details of her meeting with Atkins. She shared that purpose of the meeting was “to discuss digital asset legislation and rule reforms”, even hinting at potential changes in the future. She even joked about putting the SEC on an “Atkins diet.” I enjoyed meeting with Paul Atkins, the @SECGov Chair nominee. We discussed digital asset legislation & reforming the rulemaking…

ZenChain has announced a strategic partnership with Carbon Browser to make Web3 services more accessible to global users. ZenChain is a decentralized protocol designed to offer smooth cross-chain interoperability across various protocol networks and connect users with dApps in the Web3 world. It leverages Ethereum’s programmability and Bitcoin’s strong security to offer extraordinary high processing speed and intelligent development of dApps on multiple blockchains. On the other hand, Carbon Browser is a decentralized Web3 browser, providing users with an integrated multi-chain wallet and comprehensive privacy. It resolves three key challenges that browsers experience today. These include a lack of decentralization…

A banana duct-taped to a wall sold for $6.2 million. That’s right. Six million dollars for fruit that’ll rot in a week unless you freeze it. But this wasn’t about the banana; it was about what it represented: absurd wealth, clout, and the audacity to spend on something completely useless. The banana is now in the same league as Bitcoin, a digital currency critics love to call “worthless,” yet is hurtling toward $100,000 in value. Both are perfect examples of what Thorstein Veblen, a 19th-century sociologist, called “conspicuous consumption.” Conspicuous consumption isn’t about utility. It’s about spending a ridiculous amount…

Ethereum’s attempt to surpass the $4K crucial mark failed, leading to a sharp rejection and raising concerns about sellers’ dominance in the market. Fear is mounting, with expectations of a potential sell-off in the coming days if key support levels fail to hold. Technical Analysis By Shayan The Daily Chart Ethereum recently experienced a spike, targeting the crucial $4K resistance. However, substantial selling pressure at the Fair Value Gap between $3.7K-$3.8K caused a firm rejection. It has left ETH approaching its previous swing low at $3.3K. A daily candle close below this level could signal further bearish momentum. Nevertheless, in…