Author: NBTC

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…

DOGS (DOGS), the most hyped meme cryptocurrency on the TON blockchain, was airdropped to Telegram users and listed on CEXes 24 hours ago. What has it achieved so far? $2,500,000,000: DOGS hits crucial trading volume milestone 24 hours after release DOGS (DOGS), a meme coin on the TON network, celebrated its airdrop and debut on centralized crypto exchanges 24 hours ago. In its first day on CEXes, DOGS became the seventh most traded cryptocurrency, with almost $2.5 billion in trading volume, CoinMarketCap data says. At its peak, its capitalization reached almost $900 million, which is higher than that of veteran…

The Bitcoin network is expressing indications of renewed interest among retail investors, as per the market intelligence firm IntoTheBlock. Following a lengthened passage of decline, the daily exclusive Bitcoin addresses have seen a significant increase in number, highlighting a likely shift in the wider market dynamics. The market intelligence platform disclosed this development on its official X account. Bitcoin’s New Addresses Show Renewed InterestSince November 2023, The number of daily new addresses has trended downward, a bearish signal indicating fewer new participants, particularly on the retail side.However, the trend seems to be shifting, with the number of new… pic.twitter.com/EpAjaqpcZG —…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…