Treasury Secretary Bessent indicated that one or two interest rate cuts are possible this year. He also said he has breakfast with Fed Chair Jerome Powell almost every week. Meanwhile, it’s worth noting that President Donald Trump pressured Powell to cut interest rates last month, citing rising federal debt costs. However, according to an analysis
New statistical evidence has emerged, suggesting that bitcoin’s (BTC) market dynamics are now intricately linked to the ebb and flow on Wall Street. Recently, the 90-day correlation coefficient between bitcoin’s 30-day implied volatility indices – Volmex’s BVIV and Deribit’s DVOL – and the S&P 500 VIX hit a record high of 0.88, according to data
Imagine a world where your electric vehicle’s charging station isn’t just a place to power up, but a gateway to a new digital economy. This isn’t science fiction; it’s the exciting frontier explored by IoTeX and U Power. Their groundbreaking partnership is set to revolutionize how we interact with EV infrastructure, paving the way for
The recent price records for BTC coincided with a wave of old whales moving their coins. Some suggested this may be a drive to take profits, but there may be another reason, as more old whales are dusted with transactions containing warning messages. There may be one common reason as to why old whales are
MultiBank Group’s digital asset division partnered with Fireblocks to bring $10 billion in real estate on chain. Summary MultiBank.io launched a real estate tokenization platform Fireblocks will provide custody, Mavryk blockchain infrastructure Platform aims to tokenize $10B in real estate assets. Companies are increasingly competing to dominate real-world assets. On Wednesday, July 23, MultiBank.io, the
On July 2, Protos asked whether the bitcoin (BTC) treasury company bubble had popped. At that time, the mania had already been cooling for weeks, with many companies trading decidedly lower than their initial days on public markets. Today, weeks later, additional data show things didn’t — and look unlikely — get any better. According
In his latest interview, US Treasury Secretary Scott Bessent shared his views on the new trade agreement with Japan, relations with China, and the Fed. Bessent announced details of the trade agreement with Japan. The agreement will implement a new 15% tariff on automobiles and will see Japan create an innovative financing mechanism to provide
Coinbase co-founder Fred Ehrsam, who launched a brain interface startup last year, announced on Tuesday that the new project, dubbed Nudge, has raised $100 million from two venture firms, Thrive Capital and Greenoaks Capital Partners. Several angel investors also participated in the Series A fundraise. Nudge launched its first product earlier this year, the Nudge
Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,250 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,600 and the 100 hourly Simple moving average. There is a key bullish
Zama, an open-source cryptography company pioneering Fully Homomorphic Encryption (FHE), is teaming up with OpenZeppelin to use confidential smart contracts for production. The protocol by Zama makes sure that, like with ERC-20, balances and transfers are hidden by default, and it does this without losing the benefits of decentralization and composability while keeping sensitive information