Author: NBTC
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…
Gas fees compensate Ethereum nodes for computational power, ensuring secure and efficient transaction processing. Burning gas fees reduces ETH supply and supports deflationary mechanisms for long-term network sustainability. Paying gas fees for transactions on blockchain networks like Ethereum has become an essential component of connecting with decentralized ecosystems. The “Why Do We Need to Pay Crypto Gas Fees For Transactions?” video from CoinGecko explores the causes behind these fees and their relevance in preserving blockchain network security and functionality. The Role of Gas Fees in Powering Ethereum Transactions On a network like Ethereum, gas fees are the expenses connected with…
Federal Reserve Governor Christopher Waller hinted at multiple rate cuts in 2025 if inflation continues its current disinflationary trend. Speaking on CNBC Thursday, Waller said, “The inflation data we got yesterday was very good,” referencing the latest figures showing a cooldown in price pressures. He added that if similar inflation data continues to be reported, it would be reasonable to expect rate cuts in the first half of the year, with the possibility of a cut as early as March. Waller also suggested that future cuts could exceed current market expectations if inflation falls in line with December’s favorable data.…
IOTA Rebased introduces asset migration, updated wallets, a new tokenomics model with inflationary staking rewards offset by fee burning, and EVM compatibility on Layer 1. The vote on IOTA Rebased will run from December 2 to December 16, marking a pivotal moment in its evolution. IOTA, one of the blockchain platforms famous for its Tangle technology, is now announcing a huge transition after releasing “IOTA Rebased.” IOTA Foundation Board member Lica Moser revealed this move in a recent Tangle Talk session. Moreover, it represents a strategic change to face all the previous struggles and strengthen the ecosystem for future times.…
On Tuesday, Matthew Sigel, the head of digital asset research at asset management firm and crypto exchange-traded fund (ETF) issuer VanEck, officially endorsed President-elect Donald Trump’s proposal for a national strategic Bitcoin reserve. Major Financial Players Align This endorsement comes as discussions about BCT’s role in US economic policy are intensifying, most notably with Dennis Porter, co-founder and CEO of the non-profit Satoshi Action Fund (SAF), reaffirming BlackRock’s support for the strategic Bitcoin reserve. Porter emphasized that the Trump administration is actively working towards creating this reserve through an executive order, highlighting a significant alignment among major financial players and…
Ethereum’s (ETH) dominance has seen a sharp decline this year, driven by broader market consolidation that has kept the altcoin’s price below $3,800 since January. At present, Ethereum’s market share remains low, with its daily chart showing no clear signs of an imminent recovery. Ethereum’s Market Share Plunges Ethereum dominance (ETH.D), which tracks the relative value of ETH compared to other cryptocurrencies, has been on a downward trend since the beginning of the year. It now sits at a four-year low of 11.68%, having declined 6% since January 1. This decline indicates that ETH’s overall value is shrinking relative to…
Ren Protocol’s official X account has broken its silence after a 10-month hiatus, revealing plans for the imminent release of Ren v2. The announcement promises a “bigger and more sustainable impact on DeFi” compared to its predecessor, Ren v1. However, the news comes just hours after Binance announced that it would be delisting REN and several other tokens on Dec. 10, raising suspicions. As is known, Binance has a policy of delisting inactive projects. Ren Protocol’s statement after months of inactivity led some analysts to speculate whether “exit liquidity” was being created. However, the REN price initially reacted to the…