Author: NBTC

Solana continues to dominate the decentralized exchange (DEX) landscape, surpassing major exchanges like Bybit and Coinbase in weekly trading volume. As reported by the commentator @SolanaFloor, Solana has now led this metric for the 12th consecutive week, only trailing Binance. This consistent performance highlights Solana’s growing significance in the crypto market and suggests a shift toward decentralized trading solutions. What Happened Solana’s recent achievement in DEX trading volume is noteworthy, especially considering its surpassing of major platforms like Bybit and Coinbase. This milestone not only underscores Solana’s solid position within the DEX sector but also reflects the increasing preference for…

In brief Bitcoin fell 2.39% to $76,314, its lowest close since September’s golden cross. The Senate holds a cloture vote on the Clarity Act at 2:15 p.m. ET, needing 60 votes it may not have—traders are getting more skeptical by the day. Technical indicators say this is a real trend, not just profit-taking, and a bounce could still be close. Bitcoin picked a bad day to test lower levels. Then again, so did everything else. Stock futures slipped Tuesday morning as Wall Street braced for tomorrow’s Federal Reserve decision on interest rates, and traders are pricing in the least fun…

In a recent tweet, Maple Finance elaborated on the intricacies of its yield spread model. The firm emphasized that the underwriting process is challenging to replicate due to various factors such as credit officer expertise and legal structuring. This nuance could have significant implications for competitors looking to enter the DeFi landscape. For further details, see the original tweet here. What Happened The broader crypto market is currently experiencing mixed signals, with varying momentum across major assets. Amid this environment, Maple Finance’s tweet sheds light on the competitive advantages it holds in the decentralized finance sector. The firm argues that…

Ethereum ($ETH) rose above $2,700 on Tuesday, extending a recovery that began when buyers returned near a key on-chain price level. The rebound followed a difficult stretch for the cryptocurrency: $ETH had slipped below $2,400 last week after the Clarity Act failed to advance in the US Senate, while a Federal Reserve rate hike added to uncertainty across risk assets. The move back above $2,700 suggests investors were willing to buy the decline. Yet the data behind the rally presents a less uniform picture. Spot Ether ETF inflows have improved, but deposits to exchanges have also increased, and activity in…

The U.S. Treasury Department is reportedly considering deploying up to $1 trillion from its Treasury General Account (TGA) to finance bond purchases, a move that could inject significant liquidity into financial markets. According to a CNBC report citing unnamed sources, Treasury Secretary Scott Bessent may authorize the drawdown, which would involve using the government’s cash reserves held at the Federal Reserve to buy Treasuries. This strategy would effectively return funds to institutions like banks and money market funds, potentially easing broader market conditions. What Is the Treasury General Account and Why It Matters The TGA is the Treasury Department’s primary…

Filecoin has reported that $67,312 in stablecoins has moved through its payment service this year, involving 165 payers and 31 service providers. This translates to an estimated annual revenue of $139,789, all of which is trackable via the Filecoin Data Portal. The growth in stablecoin transactions indicates rising adoption and user engagement in the platform, as highlighted in a recent tweet. Breaking It Down The broader cryptocurrency market is currently displaying mixed signals, with major assets fluctuating in momentum. Amid this backdrop, Filecoin’s latest revelation about stablecoin transactions through its payment service stands out. The reported movement of $67,312 this…

If adopted, he said, the framework would give entrepreneurs greater certainty to raise capital in the U.S. using digital assets rather than having to “guess what the law is as they go.” The second is an overhaul of transfer agent rules to include blockchains for digital ownership ledgers. Atkins said the rules have not been seriously updated in roughly four decades and were built for paper stock certificates, while transfer agents are already adapting to a market that increasingly incorporates tokenized assets. Moreover, Atkins said he has asked SEC staff to develop a proposal clarifying crypto custody for investment advisers…

Polygon is advancing its onchain capabilities in the foreign exchange market, now supporting 20 currencies. This move is significant as the forex market is one of the largest globally, yet much of its activity remains offchain. The implications for traders and institutions could be profound as they look to leverage blockchain for more efficient operations. For further details, see Polygon’s official tweet here. The Key Development The broader crypto market is displaying mixed signals, with various assets showing sporadic momentum. Polygon’s recent initiative to bring foreign exchange transactions onchain is a notable development, as it aims to tap into a…

Bitcoin price is caught between ETF inflows, institutional selling and a massive $54 million whale short ahead of the Clarity Act vote. The latest data doesn’t exactly scream confidence, with traders watching $75,000 and $83,000 as the levels that could decide the next move. Bitcoin ETFs Recover Daily Despite Weekly Outflows Bitcoin ETFs recorded a 1D net inflow of 1,917 $BTC, worth $147.42 million, on September 15. But zoom out and the picture gets less comfortable. The 7D netflow remains negative at 4,372 $BTC, equivalent to $336.16 million in outflows. Ethereum ETFs, meanwhile, are showing considerably stronger flows. They posted…

Aave has officially launched $USDC deposits from Base in its mobile app, marking a significant enhancement for users. This feature allows traders to seamlessly deposit $USDC, potentially increasing platform engagement. According to a recent tweet by Aave, users on the waitlist can utilize the Ghost Pass code ‘AAVEONBASE’ for instant access. This development underscores Aave’s commitment to expanding its capabilities in decentralized finance. The Latest In a notable move, Aave has introduced the ability to deposit $USDC from Base in its mobile application. This addition comes as traders are increasingly scanning the market for user-friendly platforms that facilitate seamless transactions.…