Author: NBTC

The U.S. Federal Deposit Insurance Corporation (FDIC) has issued a draft rule that definitively states holders of stablecoins are not eligible for deposit insurance coverage. The clarification, published as part of the agency’s implementation of the $GENIUS Act, addresses a long-standing ambiguity in the regulatory treatment of digital assets tied to fiat currencies. What the Draft Rule Says According to the draft, stablecoin reserves held by issuers may qualify as corporate deposits and thus remain eligible for FDIC coverage at the institutional level. However, the rule explicitly denies pass-through deposit insurance to the individual stablecoin holders themselves. This means that…

Benjamin Cowen, a leading analyst in the cryptocurrency market, assessed Bitcoin’s current state and the psychology of the bear market in his new analysis. Speaking through historical data and cycles, Cowen warned investors against misleading price increases. Cowen, commenting at a time when Bitcoin was trading just above the $78,000 level, argued that bear markets are extremely difficult to manage psychologically. The analyst stated, “Bear markets always fool both bulls and bears,” adding that the temporary and misleading rallies seen during these periods are inherent to the market. Cowen countered the prevailing market sentiment of “This time it’s different, we’ve…

During today’s Asian trading session, Ethereum opened at $1628. The opening price was at lower levels before the channel turned and traced an upward trend of highs and lows. This opening price has made market participants weigh in on the next targets as exchange supply hits low levels. Ethereum price jumps 2.87% as late rally lifts price to $1,680 Tracking the ongoing price trend at the time of press, CoinMarketCap data reveals that Ethereum traded at $1,680.01, posting a 2.87% gain over the past 24 hours. The chart showed a volatile session that developed into a broader upward trend. Price…

The US economy added 115,000 nonfarm payrolls in April, nearly doubling the consensus forecast of roughly 65,000 jobs. The unemployment rate held steady at 4.3%, exactly where economists expected it. Healthcare led the way with 28,000 new positions, followed by gains in retail and leisure. Average hourly earnings rose just 0.2% month-over-month, undershooting the 0.3% increase that had been projected. Crypto markets felt the impact immediately Bitcoin dropped below $80,000 within minutes of the release, then recovered to around $80,200 as traders recalibrated. Total liquidations over the 24-hour period surrounding the report exceeded $341 million. Options expirations in Bitcoin and…

In today’s newsletter, Josh Olszewicz from Canary Capital introduces Sui blockchain and discusses its potential impact on Web3 adoption and optimization for consumer applications. Special alert: Are you going to Consensus Miami? Don’t miss the closed-door, Wealth Management Day on May 6. There is a special side event, dedicated to advisors. Attendance is complimentary for credentialed advisors. A CRD number is required to apply. Happy reading. Breaking down The Sui (pronounced “swee” like sweet) network is emerging as one of the more differentiated Layer-1 blockchains in the current market cycle, combining novel architecture with a design philosophy aimed squarely at…

The United States House Ways and Means Committee has introduced six separate digital asset tax bills that target staking rewards, mining income, small crypto payments, wash-sale rules, and donating cryptocurrencies. The proposals will be reviewed during a key congressional hearing on June 9 to strengthen the country’s position in the global digital asset race. Six Crypto Bills Congress Brings To Resolve Crypto Tax Problems Rather than introducing a large crypto bill, lawmakers have divided the effort into six targeted proposals, allowing individual measures to advance even if others face opposition.The House Ways and Means Committee has introduced six standalone proposals:…

The technical outlook for Bitcoin, the leader of the cryptocurrency market, is once again focused on critical levels. Analysts note that the $78,000 level continues to act as a strong support area, and that a break above the $85,000 resistance could quickly push the price up to $95,000. Analyst James Van Straten stated that approximately 15% of the Bitcoin supply is concentrated in the $83,000 to $85,000 range, where the 200-day moving average is located. According to Van Straten, an upward breakout from this region could create strong momentum in the market and quickly push the Bitcoin price towards the…

Ethereum is trading near $1,673 after gaining 3.6% in the last 24 hours, but some analysts continue to warn that further downside remains possible. On-chain data suggests $ETH could revisit the $700 range, a level that previously aligned with major market bottoms. At the same time, Ethereum’s network growth remains strong with nearly 195 million non-empty wallets, while futures activity on Binance points to renewed trader interest. Ethereum ($ETH) is showing signs of recovery after rebounding from the $1,500 area, yet some market analysts believe the asset has not reached its final cycle bottom. Despite improving sentiment in recent sessions,…

Bitwise has assembled a ranking of traditional banks with the widest-ranging cryptocurrency exposure, and the names at the top read less like a fintech disruptor list and more like the guest roster at a Davos dinner party. BNY Mellon and JPMorgan Chase, two institutions that collectively hold the gravitational center of global finance, lead the pack across categories including trading, payments, ETFs, and tokenization. The heavyweights and their crypto footprints BNY Mellon, the world’s largest custodian bank with roughly $59 trillion in assets under custody and administration, has arguably made the most aggressive moves. The bank announced plans to launch…

Following yesterday’s FED decision and FED Chairman Jerome Powell’s statements, Bitcoin ($BTC) and altcoins have experienced declines in the last 24 hours. With the $BTC price remaining above $76,000, whales appear to be quite active. First, a massive whale transferred 220 Bitcoin, worth $16.72 million, to Binance. According to blockchain analytics firm OnchainLens, a whale transferred its last 220 Bitcoin to Binance. Having purchased 370 $BTC from Binance three years ago, the whale sold all of its $BTC, making a total profit of $34.24 million. An anonymous whale has opened a long position on Hyperliquid ($HYPE) involving 80,000 Ethereum ($ETH)…