Author: NBTC
The US Federal Reserve (FED) kept interest rates unchanged last night, as expected. Following the FED decision, FED Chairman Jerome Powell, in verbal remarks, hinted at the possibility of a two-pronged approach to interest rates. Powell stated that the possibility of raising interest rates was also discussed at the last meeting, but added that it was not considered a primary scenario. Powell’s remarks indicate that the Fed is taking a cautious approach to basing its policy decisions on data, leaving both interest rate cuts and rate increases open as possible options. The Fed also added that it plans to cut…
In Web3, a token is the only element of the system that simultaneously functions as a mechanism, a coordination tool, and a source of economic expectation. That combination makes token communication uniquely sensitive. A token sits at the intersection of product architecture and market dynamics. It governs access, incentives, and participation inside a system, while at the same time existing in an open market where price formation is unavoidable. This is how explanations of utility often evolve into explanations of demand. The moment a project begins unpacking why a token exists – what it does, how it fits into the…
Ethereum continues to navigate a fragile market structure as price action compresses near a critical decision zone. The asset remains under broader bearish pressure despite recent stabilization above key psychological levels. Market participants now closely monitor whether Ethereum can reclaim higher resistance zones or extend its downward trajectory. This phase reflects a delicate balance between weakening bearish momentum and the absence of strong bullish conviction, setting the stage for a decisive breakout. Bearish Structure Persists Despite Consolidation Ethereum still trades within a clear downtrend defined by lower highs and lower lows. Earlier in the year, the price broke key supports…
The US Federal Reserve (FED) kept interest rates unchanged last night, as expected. However, in verbal remarks following the FED decision, FED Chairman Jerome Powell signaled that policymakers will remain cautious about interest rate cuts as long as inflationary pressures persist. Powell, indicating the possibility of a two-pronged approach regarding interest rates, stated that the issue of raising interest rates was also discussed at the last meeting. Powell’s remarks indicate that the Fed is taking a cautious approach to basing its policy decisions on data, leaving both interest rate cuts and rate increases open as possible options. The Fed also…
Dubai’s Virtual Assets Regulatory Authority (VARA) published detailed guidance on Thursday that clarifies how token issuers should structure, disclose and distribute virtual assets in the emirate, sharpening rules for stablecoins and real-world asset (RWA) tokens. The document, which interprets VARA’s existing Virtual Asset Issuance Rulebook rather than creating new law, sets out three distinct issuance pathways and spells out who is responsible for what in each. Rather than treating all tokens as if they pose the same risks, the framework draws clear lines between Category 1 issuances (including fiat-referenced virtual assets and asset-referenced virtual assets), Category 2 issuances that must…
Ethereum price moved slightly early Thursday as fresh scrutiny hit with the Ethereum Foundation (EF)’s move to convert a significant portion of its treasury from $ETH into stablecoins. While the announcement coincided with the volatile price action that followed the US-Iran ceasefire, the top altcoin’s value pared some of the gains to around the $2,180 level as on-chain data showed EF’s treasury had sold 3,750 $ETH for over $8.3 million. Ethereum Foundation sold $8.3 million $ETH On Wednesday, it was revealed that the Ethereum Foundation had initiated the conversion of 5,000 $ETH into stablecoins. The strategy has already seen the…
The European Central Bank (ECB) is seeking industry experts to contribute to workstreams focused on how the digital euro central bank digital currency would function across ATMs, payment terminals and acceptance infrastructure. In an announcement published Wednesday, the ECB opened applications for two workstreams under its Rulebook Development Group (RDG), covering implementation specifications for ATM and terminal providers, as well as certification and approval frameworks for payment solutions. The initiative revolves around defining how a potential digital euro would integrate with existing payment systems and hardware, including support for offline transactions and interoperability with standards used across Europe. The move…
A South Korean court has canceled the Financial Intelligence Unit’s (FIU) three-month partial business suspension of Dunamu, the operator of crypto exchange Upbit, according to local reports. Yonhap News Agency reported on Tuesday that the Seoul Administrative Court sided with Dunamu in its lawsuit against the FIU, overturning the sanction tied to alleged Anti-Money Laundering (AML) violations. The court said clear rules existed for transactions above 1 million won (about $675), but found that regulations for smaller transfers were not specific enough, weakening the basis for enforcement within the case. The ruling narrows the FIU’s ability to impose major AML…
Ethereum is trading below $2.2k as the second week of Q2 gets underway. The asset is caught between a slowly improving short-term structure and a daily chart that remains firmly in bearish territory. $ETH has managed to hold above the critical $1.8k support zone since the February lows, but the recovery has been choppy and unconvincing. Ethereum Price Analysis: The Daily Chart The macro picture on the daily chart has not materially changed over the past couple of weeks. $ETH continues to trade inside a well-defined descending channel, with the 100-day MA (~$2.4k) and 200-day MA (~$2.9k) both declining overhead…
On Thursday, the Bank of Japan decided not to raise interest rates, choosing to leave its monetary policy unchanged due to the war America and Israel started in the Middle East. Investors are always scared for the BOJ to hike interest rates, thanks to the fateful day of August 5, 2024. So them holding off and giving us a bit of a breather is very much appreciated. We’ve certainly got too much on our plate already. Anyway, at Japan’s Monetary Policy Meeting, where board members voted 8-1 to keep the guideline for money market operations unchanged for the period between…