Author: NBTC
As of this week, Sky, the decentralized finance (defi) initiative previously recognized as Makerdao, has witnessed its newly launched stablecoin, USDS, exceed the $2 billion threshold. Among the top ten stablecoins, it experienced the most significant expansion in supply over the past month. Sky’s USDS Climbs to Top Five While DAI Holds Its Ground Sky’s stablecoin, USDS, has recorded a 99% growth in supply over the last 30 days, according to stablecoin metrics from defillama.com. As a relatively new entrant to the stablecoin market, USDS operates alongside DAI and maintains a 1:1 exchange rate with it. Data from Sky’s website…
Ethereum saw an upswing, breaking through the $3,400 mark as the markets reacted to political waves leading toward a presidential inauguration. After struggling for a week, from Jan. 11 to 17, Ethereum (ETH) broke the downward movement, pushed past its last resistance level of $3,400 and is currently trading at $3,406.72 at the time of writing. Ethereum’s price breaks the $3,400 resistance, rallying to $3,424 as bullish momentum builds ahead of the anticipated Pectra upgrade and political developments. Source: crypto.news This market optimism is driven by speculations that President-elect Donald Trump would sign an executive order related to cryptocurrency when…
Scott Bessent walked into his Senate confirmation hearing today with one clear goal: to champion the radical changes coming to Washington. The billionaire investor and Donald Trump’s pick for Treasury Secretary didn’t waste time defending Elon Musk’s Department of Government Efficiency (D.O.G.E). Scott declared the department “absolutely essential” to the administration’s economic policies. The department, co-led by Elon and biotech entrepreneur Vivek Ramaswamy, is tasked with an impossible-sounding job: cut a third of the federal budget while keeping key programs like Social Security intact. Elon’s D.O.G.E plans to rewrite Washington’s rulebook Elon Musk’s D.O.G.E was born out of an October…
Video-sharing platform Rumble (RUM) is moving higher during afternoon U.S. trading hours on Tuesday after CEO Chris Pavlovski suggested an interest in adopting a bitcoin (BTC) treasury strategy. “Should Rumble add Bitcoin to its balance sheet,” asked Pavlovski on X. By itself, the question might have been considered little more than a playful tease, but it quickly drew a response from MicroStrategy’s (MSTR) Michael Saylor, who pioneered corporate bitcoin adoption. “Yes,” responded Saylor. “I would be happy to discuss why and how with you.” “DM’ing you now,” responded Pavlovski. Prior to the exchange, Rumble’s stock had been trading modestly lower…
QuickSwap, an advanced DeFi ecosystem, has recently announced a milestone. As per QuickSwap, it is going live on Soneium mainnet to empower communities, creators, and developers. The platform disclosed the details of this launch on social media. https://t.co/C5IzC7UWv3 — QuickSwap 🐲 DragonFi 2.0 (@QuickswapDEX) January 18, 2025 Soneium Launches QuickSwap on Mainnet to Enrich DeFi Experience QuickSwap labeled the launch on the mainnet of Soneium as a significant development. It added that up till now the decentralized exchange has integrated with seven chains and this is another opportunity. Soneium operates as an Ethereum L2 blockchain that Sony Block Solutions Labs…
Despite Bitcoin experiencing a bullish rally, the prime altcoin, Ethereum (ETH), has lagged in relative terms. Ethereum has found the $3,800 price level, a critical resistance it has not breached in the past 30 days. However, Sandeep Nailwal, the cofounder of Polygon, has made a bold and optimistic prediction about Ethereum’s future price movement. Bold prediction from Polygon’s cofounder In a post on X, Nailwal contradicts the general sentiment about ETH on the cryptocurrency market. He believes a massive Ethereum pump is “around the corner and it’s going to absolutely melt faces.” Nailwal’s post suggests he expects a substantial price…
This is a segment from the Empire newsletter. To read full editions, subscribe. If I were to boil it down, I’d say there are three key reasons why Tribe Capital’s Evan Park is bullish on DePIN. The use cases, sustainability, and — of course — the revenue potential. Tribe’s backed a few DePINs including Wynd Networks (the company behind Grass), flight tracking project Wingbits and Akash. When looking at DePIN projects, Park’s biggest question is whether or not the project is “solving a problem where real demand can be generated.” Specifically, when Park is being pitched, he’s skeptical when a…
The partnership between GPU DePIN io.net and OpenLedger, the AI data blockchain that specializes in high-quality verifiable data, was announced. Through the partnership, OpenLedger will be able to improve its AI models by gaining access to io.net’s compute layer. OpenLedger will be able to use the distributed GPU network of io.net and get the necessary computation to expedite the development of its AI models. This will enable developers to create more smart and effective AI-based dapps by using OpenLedger’s datasets. The AI models’ inference and hosting will be supported by the ability to utilize io.net’s GPU infrastructure, ensuring its speed…
Legendary technical analyst John Bollinger, the inventor of Bollinger Bands, spoke out after the Bitcoin price broke its latest all-time high price record. According to the analyst, the recent record zeroes out the possibility of a potential negative Bollinger Band divergence on the BTC chart. According to the analyst, the recent consolidation in price has created a negative situation, which is a normal phenomenon in uptrends. On the other hand, the analyst also made a statement about a topic that concerns him about the cryptocurrency market. The analyst finds it worrying that the world’s largest altcoin, Ethereum, did not participate…
HeyAnon has announced its integration with Camelot, a leading decentralized exchange (DEX) within the Arbitrum ecosystem. This partnership, part of HeyAnon’s AUTOMATE DeFAI initiative, aims to streamline liquidity provision and staking for DeFi users while leveraging Camelot’s powerful trading infrastructure. The integration highlights a significant step forward in automating decentralized finance activities and providing a seamless user experience. We continue our AUTOMATE DeFAI integration partner showcase with Camelot DEX:Website: https://t.co/GK8ycXkib8Twitter: @CamelotDEX DefiLlama: https://t.co/DpWaf3vj0yCamelot is a decentralized and permissionless exchange that powers the Arbitrum ecosystem with highly… pic.twitter.com/cMRyE6sLBU — Hey Anon (@HeyAnonai) January 19, 2025 Camelot DEX has established itself as…