Author: NBTC
A new decentralized Bitcoin derivative by Lombard Finance will offers 1% APY while maintaining full BTC backing across bridge to Solana. Summary Lombard Finance will offer the yield bearing asset alongside Base, Sui and Ethereum offerings. Yield bearing on Solana in Bitcoin is the latest offering to bring the protocol’s $1.5 billion in capital to the layer 1. On Aug. 28, Lombard Finance officially launched LBTC, its yield-bearing Bitcoin token, on Solana (SOL), bringing the protocol’s $1.5 billion in circulating capital to a Bitcoin fusion with rival layer-1 Solana. How Lombard Finance’s yield-bearing Bitcoin will transform Solana deFi The SPL…
Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads. The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party, a battle royale game released on Android and iOS, regardless the game recording over 50,000 downloads on the Google Play store and landing in the top 10 most downloaded games on Apple’s App Store. Pudgy Penguins is a popular non-fungible token (NFT) project in the crypto space. The project supplements its onchain digital presence with trading cards, plushy penguin-themed toys, video games and other physical merchandise.According to…
During the latest market correction, Ethereum absorbed the bulk of new inflows, reinforcing its growing dominance. Crypto Rover highlighted this trend on X, stating, “During this correction, money keeps flooding into $ETH. That tells you everything you need to know.” Data from the analytics platform Artemis confirms his point. In the past 24 hours, Ethereum has dominated both net bridge inflows (+$20 million) and stablecoin supply increases (+$200 million), while rival networks like Starknet and Base saw significant outflows. Similarly, Ethereum dominated stablecoin supply increases, with nearly $200 million added, far ahead of Tron and Aptos. Ethereum Inflows and Stablecoin…
The Stablecoin market has reached a new high, with its today’s market capitalization value crossing the $288.7 billion market. According to the latest data shared by PHOENIX, a crypto analytics firm, crossing this psychological mark emphasizes the critical role of stablecoins as a medium of liquidity in the crypto economy. Tether’s Reign – An Unmatched Dominance According to the August 19 data provided by PHOENIX, Tether continues to reign the Stablecoin market by capturing the biggest chunk of the market share. With a market capitalization value of $167.1 billion, USDT continues to dominate the market as the undisputed king of…
The DeFi Education Fund has gathered 100 signatories for a letter to the US Senate seeking guarantees and protections for blockchain developers to avoid prosecution and regulatory crackdowns. The DeFi Education Fund collected 100 signatures for its latest letter to the US Senate. The voluntary body of blockchain projects and investors aims to popularize innovation, while also calling for favorable and detailed regulations. The fund continues to speak on behalf of over 100 organizations in the crypto space. A massive s/o to all our coalition partners and those in the industry offering support for protecting software developers. We speak with…
Prominent blockchain sleuth Whale Alert, which tracks large cryptocurrency transactions, has identified a massive XRP transfer worth tens of millions of XRP. The transfer was made from the largest cryptocurrency trading platform in South Korea, Upbit. However, additional details revealed by another on-chain tracker have shed light on the nature of this transaction. Meanwhile, the coin’s price has slipped over the past 24 hours, unable to stay above $3.08. 23,000,000 XRP on move The aforementioned data source published a tweet, spotting 23,000,000 XRP being moved from the biggest crypto exchange in South Korea, Upbit, to a wallet tagged as anonymous.…
Ethereum (ETH) has managed to tap $4,600 level after this week’s market downturn. The latest recovery remains modest, as the leading altcoin gained a little more than 7% over the past week. Experts now argue, though, that September won’t bring flashy catalysts either. Don’t Expect Fireworks in September In a statement to CryptoPotato, Curve Finance said September is unlikely to bring a single “headline” catalyst. Instead, the team added that Ethereum’s importance lies in its role as the underlying infrastructure powering decentralized finance (DeFi). By calling it the “operating system of DeFi,” they added that even though the market has…
TL;DR Whales are buying Ethereum aggressively while retail holders continue to offload during the current dip. Ethereum’s exchange reserves hit 3-year lows, signaling reduced sell pressure and rising long-term confidence. The price hovers near the $4,070 CME gap, a zone that traders are watching for a breakout or reversal. Price Pulls Back Near Technical Gap Ethereum (ETH) is now trading close to $4,350, after falling from recent highs near $4,800. The focus is on a CME futures gap between $4,050 and $4,100. These gaps occur when futures markets reopen after weekends and can often act as magnet levels for the…
Fed officials have long been unusually divided on the issue of interest rate cuts. The minutes of the July meeting, to be released today, will reveal just how deep this division runs. The Fed minutes will be released today at 9:00 PM (UTC+3). Bitcoinsistemi.com will be providing all the information immediately. At the Federal Open Market Committee (FOMC) meeting held on July 29-30, interest rates were held steady at 4.25%-4.5%. However, the decision was made with the opposition of two board members, the first in over 30 years. Michelle Bowman and Christopher Waller had previously announced their support for a…
The world of digital assets is dynamic, and countries globally are scrambling to create frameworks that foster innovation while ensuring stability. In the UK, a crucial conversation is unfolding, with key figures emphasizing the urgent need for robust UK crypto regulations. This isn’t just about compliance; it’s about securing the nation’s place in the future of finance. Why Are Clear UK Crypto Regulations So Vital? The UK’s All-Party Parliamentary Group (APPG) on Crypto and Digital Assets, under the new co-chairs Gurinder Singh Josan and Edward Vaizey, has issued a stark warning to lawmakers. They argue that without a distinct regulatory…