Author: NBTC

U.S. prices rose modestly in June, suggesting cooling inflation that might allow the Federal Reserve to cut interest rates in September and provide a pathway for higher prices in risk assets, including crypto. The Commerce Department reported on Friday that consumer spending slowed slightly last month. Easing price pressures and a cooling labor market may bolster Fed officials’ confidence that inflation is trending toward the central bank’s 2% target. Data showed that the price index of personal consumption expenditures, the Fed’s preferred gauge for inflation, rose 0.1% last month after being unchanged in May. It also rose 2.5% compared to…

The Tokenized Asset Coalition (TAC), an organization advocating for public adoption of blockchain, asset tokenization, and institutional DeFi, has made significant progress by announcing 21 new members and releasing its highly anticipated second State of Tokenization report. As a key contributor to this effort, Ondo Finance remains at the forefront of reimagining the on-chain investment landscape. TAC was founded in the fall of 2023 by prominent organizations including Aave, Centrifuge, Circle, Coinbase, Base, RWA.xyz, and more. Since its inception, TAC has expanded to include over 40 tokenization leaders, making it one of the most influential organizations focused on reimagining how…

Popular financial strategist and co-founder of Black Swan Capitalist Versan Aljarrah reveals how XRP holders can potentially own a piece of the global money supply. According to Aljarrah, XRP holders could own a piece of the global money supply if the XRP Ledger (XRPL) becomes the primary infrastructure for tokenizing global economic assets. They include global currencies, debts, as well as physical and digital assets. The financial strategist attached an image to the tweet showing that only a fraction of the global economy has been tokenized. Per the data, while $170 billion of the world’s economy has been tokenized, a…

Bitcoin price started a fresh increase above the $68,000 resistance. BTC is now rising and might climb toward the $70,000 resistance zone. Bitcoin formed a base and started a fresh increase above the $68,000 resistance zone. The price is trading above $68,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $68,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate higher toward the $70,000 and $70,800 levels in the short term. Bitcoin Price Could Soon Retest $70,000 Bitcoin price remained in…

In a crucial move to enhance its decentralization efforts, liquidity protocol THORChain (RUNE) has revealed plans to bridge decentralized finance (DeFi) to the top cryptocurrency by market cap, Bitcoin. The development comes as THORChain cements its presence in the digital assets space. RUNE’s total value locked (TVL) has grown steadily from $225.96 million in October 2023 to surpass $1.458 billion in March 2024. It has a TVL of $902.55 million at press time, reflecting massive growth over the past 12 months. Source – DeFiLlama The blockchain’s revenue above $100 million underscores the chain’s success. Recently, it attained all-time highs with…

In a groundbreaking move that is set to revolutionize the landscape of Artificial Intelligence (AI) and Machine Learning (ML), io.net and NetMind.AI have announced a strategic partnership. This collaboration aims to enhance the computational capabilities of both companies, enabling them to deliver more powerful, cost-effective AI solutions that will benefit a wide range of users. A Synergistic Alliance The partnership brings together the strengths of both io.net and NetMind.AI, creating a synergy that will rapidly advance computational power and resource availability. Io.net, known for its decentralized physical infrastructure network (DePIN), will supply additional GPU power to NetMind.AI during periods of…

Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and users, has announced the launch of Binance Fixed Rate Loans. Binance (BNB) offers Fixed Rate Loans on stablecoins Binance (BNB), a flagship cryptocurrency exchange service worldwide, starts offering Fixed Rate Loans on stablecoin assets pegged to global reserve currencies. The #BinanceEarn $EURI special offer has been extended!Earn up to 7% Bonus APR until October 11th.Don’t miss out 👉 https://t.co/BukyvAsj7y pic.twitter.com/fVzcauoFJX — Binance (@binance) September 23, 2024 This brand new product allows customers to securely borrow and lend stablecoins with customizable fixed interest rates for a…

Aerodrome has surpassed the $1 billion mark in total value locked as deposits into the liquidity protocol soared. Data from DeFiLlama shows Aerodrome, a decentralized exchange platform on the Base, saw its TVL rise by 22% in the past week to hit the landmark $1 billion. This has also coincided with a surge for AERO price, which is up 23% in the past 24 hours and 50% in the past week to change hands around $1.27. Launched in August 2023, Aerodrome has become the top DEX platform on the Ethereum (ETH) layer-2 chain Base. Within weeks of its launch, the…

Strange things are happening behind the scenes of the popular meme-inspired cryptocurrency Shiba Inu (SHIB), as a key metric that characterizes whale activity suddenly spiked by over 240%. According to data provided by IntoTheBlock, the Large Transactions Volume stat has shown a surge from 326.98 billion SHIB to 781.4 billion SHIB in the past 24 hours. It is worth noting that only transactions of at least $100,000 made the cut – there were 45 of them in the period under review. Translating this data into dollar value, large holders’ transaction volume jumped from $4.61 million to $10.47 million over the…

Binance, the world’s largest cryptocurrency exchange, continues to provide innovative services for its users. At this point, Binance has launched the pre-market trading service (Binance Pre-Market) for Launchpool tokens. Binance has launched a pre-market spot trading service that allows users to buy and sell select Binance Launchpool altcoins before they are officially listed, The Block reported. While the altcoin in question is immediately available for trading, there are restrictions on withdrawals, transfers, and deposits until the official listing. Accordingly, the pre-market trading period will end at least four hours before the official spot listing of the relevant altcoin. Binance added…