Author: NBTC

The Fed’s Chairman Jerome Powell spoke at Sintra yesterday and doubled down on his moderate tone shown recently. Powell reinforced that the Fed needs to be more confident before cutting interest rates, highlighted that a 4% unemployment rate is “still very low,” the return of disinflation, and that he doesn’t see 2% inflation this year or the next. As a result, Bitcoin (BTC) registered a 2.7% pullback in the past 24 hours and lost the $60,000 price level for most of Wednesday. Moreover, the outlook doesn’t look grim only in the short term after Powell’s remarks. Ben Kurland, CEO of…

The Securities and Exchange Commission (SEC) has approved nine Spot Ether ETFs for trading, highlighting the exchange-traded funds’ anticipated launch on Tuesday. In an X post, Coinbase hailed the much-awaited ETF launch as a significant milestone that opens up new opportunities for the expansion and diversification of the crypto economy. ETH ETFs have arrived.Today, the SEC approved 9 spot ETH ETF applications. Their much celebrated arrival marks another important milestone for crypto in expanding access to and diversifying our cryptoeconomy.Here’s why 🧵 pic.twitter.com/o6KfgGlUDn — Coinbase 🛡️ (@coinbase) July 22, 2024 Coinbase pointed to the efficiency of the Ethereum ecosystem, which…

While Bitcoin (BTC) dropped to $63,400 during the week, it started to recover yesterday evening and rose above $67,000 again. While a greater rise in Bitcoin is expected, data on Personal Consumption Expenditures (PCE), which is closely followed by the FED when making interest rate decisions and is considered a leading inflation indicator, has been announced. Accordingly, all data announced regarding personal consumption expenditures in June were as follows: Core Personal Consumption Expenditures Price Index (Annual) Announced 2.6% – Expected 2.5% – Previous 2.6% Core Personal Consumption Expenses Price List (Monthly) Announced 0.2% – Expected 0.2% – Previous 0.1% Personal…

Leading blockchain platform Injective has announced the official integration of OndoFinance, marking a significant expansion of its Real World Asset (RWA) institutional offerings. This integration, effective immediately, introduces an innovative tokenized treasury instrument, USDY, into the ecosystem. Integration leads to several key events. USDY is now available for use in applications built on Injective, a move that is expected to improve capital efficiency on the network. Additionally, tokenized treasury offerings will now be built into their decentralized applications (dApps), including decentralized exchanges and money market platforms. This partnership represents Injective’s latest effort in its ongoing mission to tokenize traditional finance…

Bybit secures second place in the crypto derivatives market, highlighting its commitment to user satisfaction and innovation. Bybit’s Unified Trading Account offers unparalleled flexibility, enabling traders to manage finances and risk effectively. According to the most recent CoinMarketCap data, Bybit, the world’s second-largest crypto exchange in terms of trading volume, has risen to second place in the derivatives market. This remarkable milestone demonstrates Bybit’s dedication to providing its users with a superior trading experience and solidifies its position as one of the world’s leading cryptocurrency exchanges. “We are incredibly proud to reach this milestone,” said Joan Han, Sales & Marketing…

The Open Network (TON) has continued to establish itself as an attractive venue for both web3 developers and users this year. Among other developments, the blockchain recently heralded the launch of a trustless bridge enabling bitcoiners to engage with TON’s various DeFi dApps. Prior to that, it revealed a new EVM-compatible Layer-2 that makes use of Polygon’s Chain Development Kit. Piece by piece, the TON ecosystem is accruing the kind of bells and whistles it needs to compete with leading chains like Ethereum, Solana and BNB Chain. Aided by the aforementioned developments, as well as the launch of USDT on…

In a recent video update, New Zealand-based crypto analyst Lark Davis dives into the potential explosive growth of Bitcoin, discussing predictions, market dynamics, and insights on various cryptocurrencies. Bitcoin’s Potential Surge Davis begins by discussing a bold prediction from Standard Chartered Bank, suggesting that Bitcoin could reach $100,000 by August, marking a 66% increase. While Davis is optimistic, he tempers expectations, highlighting the challenges such a significant move entails. He points out the market turbulence from factors like the U.S. and German governments and Mt. Gox Bitcoin distributions, which could disrupt Bitcoin’s price stability. Market Sentiment and Predictions Davis also…

Copper, a prominent provider of digital asset custody and prime services, has announced the integration of Radix into its robust custody solutions. This development marks a significant step for Copper in diversifying its offerings to institutional clients, who are increasingly interested in the vast potentials of the Web3 and decentralized finance (DeFi) spaces. Radix is now available as part of @CopperHQ’s institutional custody services! 🏦🔐This means that the Radix Network and its ecosystem are now accessible to more institutional players managing assets worth billions of dollars.https://t.co/aHgEZxgJRa#Breakout2024 pic.twitter.com/sJhMtFqtzM — Radix – Radically Different DeFi (@radixdlt) July 25, 2024 Innovative Custody Solutions…

The Securities and Exchange Commission (SEC) has provided final approval to spot Ethereum exchange-traded funds (ETFs), which will follow the listing and trading of these instruments on three American exchanges on July 23. The final stamp on the S-1 registration forms of the spot Ethereum ETF issuers came two months after the regulator approved the listing of the crypto instruments on the Nasdaq, New York Stock Exchange, and Chicago Board Options Exchange. The approved issuers of the spot Ether ETF include BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck, and Invesco Galaxy. Interestingly, all of them also offer spot Bitcoin ETFs,…

The global digital assets market broadly printed green indexes on Friday as Bitcoin breached the $67,000 mark. Similar bullish sentiments were spotted in crypto-related equities as shares of Coinbase Global (COIN) and MicroStrategy (MSTR) price surged by over 5% each in the pre-market. Bitcoin price jumped by around 5% over the last day sending positive waves to the altcoins to recover from the recent dump. The fresh surge comes ahead of the Republican presidential candidate Donald Trump’s scheduled keynote address at the Bitcoin Conference 2024. Coinbase shares jump by 5% Data shows that Coinbase share price jumped by over 5%…