Author: NBTC
Ethereum price rebounds after testing its daily level of $3,730 on Tuesday, following a new year-to-date high of $3,941 the previous day. Institutional demand for ETH continues to strengthen, with ETH ETFs adding a further 1.6 million ETH in the past six weeks. Market participants should be cautious as the upcoming tariff deadline and macroeconomic data releases suggest a potentially volatile week for ETH. Ethereum (ETH) price is rebounding above $3,800 at the time of writing on Tuesday after setting a new year-to-date high at $3,941 the previous day. Institutional demand for ETH remained robust, with the ETH Exchange Traded…
US President Donald Trump harshly criticized the high interest rates and said that Fed Chairman Jerome Powell will soon leave his post. The White House reportedly plans to visit the Fed headquarters on Thursday local time. Trump stated that current interest rates are putting homebuyers in a difficult situation, saying, “Powell is keeping interest rates too high, and this is negatively impacting the housing market.” Stating that the economy is strong, Trump said, “Interest rates should remain at 1% or even be lowered by 3 percentage points or more.” Trump also announced that eliminating the capital gains tax on home…
The Federal Deposit Insurance Corporation is deliberately blocking efforts to expose Operation Chokepoint 2.0 documents despite court orders compelling disclosure, Coinbase alleged in federal court filings Tuesday that accuse the banking regulator of systematic obstruction. Paul Grewal, Coinbase’s Chief Legal Officer, revealed the filing in a series of tweets, saying that “staff at FDIC continue to stonewall our efforts to shed light on the previous administration’s Operation Chokepoint 2.0. We can’t and won’t stand for it.” We also filed a motion to take additional discovery from the FDIC to get to the bottom of their FOIA practices, which as we’ve…
In the fast-paced world of cryptocurrency, staying informed about exchange announcements is paramount. A recent notice from South Korean crypto giant Bithumb has caught the attention of many, particularly those holding the SEI token. This isn’t just a routine update; it’s a crucial step designed to ensure the long-term health and efficiency of the Sei network. Understanding these developments is key to navigating your digital assets wisely. Understanding the Bithumb Announcement: Why the SEI Token Suspension? South Korean crypto exchange Bithumb has officially announced a temporary suspension of deposits and withdrawals for the SEI token. This suspension is scheduled to…
Bitcoin’s unprecedented surge, diverging sharply from traditional economic indicators like a weakening U.S. dollar and rising deficits, signals a market in “crisis mode,” according to an X analysis from financial newsletter The Kobeissi Letter. Deficit Spending Drives Bitcoin Rally Into ‘Abnormal’ Territory, Kobeissi Letter States The Kobeissi Letter, a subscription service providing fundamental and technical analysis on global capital markets for investors and institutions, highlighted bitcoin’s rapid ascent in a July 14, 2025, X thread. The cryptocurrency gained approximately $15,000 after July 3rd, when the U.S. House passed a significant spending bill referred to as the “Big Beautiful Bill.” BTC/USD…
Speaking on Bloomberg’s The Close program, Ethereum co-founder and ConsenSys founder Joe Lubin evaluated Ethereum’s adoption compared to Bitcoin and the future of crypto regulations. Lubin argued that the future of Ethereum is now a reality rather than a dream. Lubin stated that ETH stands out as a “productive and yielding asset.” Discussing Sharlink Gaming’s corporate treasury strategy, he explained that they accumulate ETH daily and immediately stake or re-stake it, thus capitalizing on the yield potential of decentralized finance. He added that this strategy aims to grow their ETH holdings faster than other Ethereum- or Bitcoin-based projects. Lubin stated…
Global crypto tax reporting still has major cracks — and tokenized stocks may be the catalyst that forces the system to catch up. In recent weeks, platforms like Robinhood and Gemini have started offering tokenized stocks to users in the European Union. These blockchain-based derivatives mimic the price of real equities like Apple and Tesla and allow users to trade 24/7, free from the limitations of traditional market hours. That might sound like a leap forward for accessibility and innovation. But if these products continue to gain traction, and firms like Galaxy Digital believe they will siphon liquidity from traditional…
Project Crypto aims to enhance innovation in America with clearer cryptocurrency rules. While Ripple has already dropped its cross appeal, SEC is expected to submit a status report by August 15, 2025. On July 31, Paul Atkins, the Chair of the Securities and Exchange Commission (SEC), unveiled the “Project Crypto.” It is an initiative to modernize the securities rules and regulations to allow for crypto-based trading in the United States’ financial markets. Now that Project Crypto is favoring clearer guidelines and regulatory boundaries, crypto experts are hoping that the SEC will implement its words into action and resolve the long-standing…
Scallop, a digital finance platform, announced it has officially secured a Money Services Business (MSB) license in the United States, which is a major milestone that expands its regulated crypto-fiat banking services to the United States. Scallop’s U.S. Market Entry and Services With the MSB license, Scallop joins a select group of crypto-native platforms legally authorized to operate fully regulated fiat and crypto services in one of the most important financial markets in the world. The new license is particularly noteworthy because the US is a massive market both for fintech and crypto. With it, Scallop plans to launch its…
As Bitcoin climbed to yet another all-time high above $123,000 on Monday. Bernstein expects regulatory clarity in the US to be a major catalyst going forward. “Our conviction in blockchain and digital assets has never been higher,” the analysts wrote. As Bitcoin climbed to yet another all-time high above $123,000 on Monday, analysts at brokerage and research firm Bernstein reiterated their bullish outlook for the cryptocurrency, forecasting a prolonged market upcycle that could take Bitcoin to $200,000 by the end of 2025 or early 2026. In a note to clients released Monday, the analysts—led by Gautam Chhugani—characterised the current bull…