Author: NBTC

A swapper wants more tokens for the same input, while a depositor supplies the inventory others trade against and needs compensation for the risks that inventory carries. Low execution cost can attract the first participant without being a sufficient investment case for the second. Swap prices and depositor returns on Solana Across its Solana sample, the paper reports two-second gross maker markouts of +0.37 basis points for propAMMs and −0.22 for public AMMs. A markout compares a fill with a later reference price, and a positive number favors the maker. Quiet-flow execution asks how much a trader gives up against…

The intended point was not that smaller models are universally better, but that performance depends on the job they are trained to do. “The frontier models are amazing generalists,” Armstrong wrote. “But increasingly you’ll see specialist models out perform on more narrow tasks, either working on teams, or by themselves.” Coinbase’s Owning Intelligence series described how that approach evolved, with the company first adding an AI risk agent to its existing machine-learning model and rules engine for Onramp, which lets users buy crypto through partner applications, including guest checkout without a Coinbase account. An online experiment found 30% fewer fraudulent…

According to him, short-term holders (STH) have sent 45K $BTC to exchanges, which could further derail the asset’s extended recovery. Price looks calm. Under the surface? ~45,054 $BTC from Short-Term Holders just moved onto exchanges in 24H. That’s a lot of potential sell-side supply Source: CryptoQuant Bitcoin: Traders bet on $95K despite macro pressure It’s worth noting though that macro pressure has been a key driver behind the ETF fluctuation and subsequent $BTC price pullback from $87K to below $84K. Even so, Binance CEO Richard Teng was still positive about the market. The macro backdrop remains challenging, with high U.S.…

Market Pulse As of now, DenariaFinance has not reported any trading volume, which indicates the newness of its platform in the market. Meanwhile, the crypto environment remains volatile, with Bitcoin dominance affecting overall sentiment among traders. The focus on perpetual contracts is a strategic move, responding to the increasing demand for advanced trading tools within decentralized ecosystems. DenariaFinance operates within the decentralized finance sector, aiming to provide innovative trading solutions. The recent launch of their perpetual trading platform is a reflection of the growing interest in derivatives trading in crypto, and Arbitrum’s ecosystem provides a relevant backdrop for such developments.…

“Strong businesses across the GCC still struggle to access growth capital despite sound fundamentals. Zamanat sponsored the Fund to create a credible route between those businesses and institutional capital. With a target size of up to USD 100 million and interests issued as Investment Tokens, it is our first live proof point for bringing GCC private credit into a regulated digital structure for Professional Clients,” said Umair Tariq, Founder and CEO of Zamanat. Fund structured on ZIGChain within DFSA-regulated framework The fund is registered as a Dubai Financial Services Authority (DFSA) regulated closed-ended Exempt Fund, classified as a Credit Fund,…

Binance accounted for $24.69 million of the sampled long liquidations, followed by Bybit at $11.65 million and OKX at $4.36 million. The imbalance shows that forced closures in the collected stream fell overwhelmingly on positions exposed to rising $XRP prices. The dollar figures describe the notional value of liquidated contracts, rather than traders’ realized cash losses. Coverage also limits the total. XRPL.to’s methodology says Binance streams at most one liquidation per symbol per second, making its collected figures a floor. Collector restarts can leave gaps. The separate recent OKX liquidation-order sample is excluded because it can overlap with the streamed…

By the Numbers Strike’s recent tweet also highlights the broader implications of Bitcoin’s rising labor cost, reflecting ongoing shifts in the cryptocurrency landscape. Currently, Bitcoin’s market dynamics are influenced by factors such as trading volume and investor sentiment, although specific volume figures are not reported. The ongoing discussion surrounding Bitcoin’s labor value may encourage more investors to evaluate their strategies in light of these changing economic realities. Strike is an organization focused on providing financial solutions utilizing cryptocurrency, particularly Bitcoin. Their insights into Bitcoin’s labor cost reflect a broader trend in the industry, as investors and analysts seek to understand…

$JUP Outpaces Bitcoin and Ether The fee comparison uses complete UTC days, rather than the intraday endpoints used for token returns. It includes payments to liquidity providers and lenders, not just revenue retained by Jupiter and allocated to token holders. Trading Activity and Token Buybacks Jupiter’s business spans a DEX aggregator, which routes token swaps, perpetual futures trading and lending. DefiLlama recorded $13.96 billion in aggregator volume and $5.70 billion in perpetuals volume over its trailing 30-day window. The perpetuals figure measures notional trading volume, including leverage. Jupiter Lend separately had about $1.03 billion in active loans. Across Jupiter’s products,…

The 650 million figure is also attributable to Tether, not an independently established count of Treasury investors. In an Aug. 13 audit announcement, the company said more than 650 million users across emerging markets rely on Tether daily, without publishing a methodology for that figure. Tether’s earlier work shows why “users” needs qualification. Its 2024 methodology note treated on-chain addresses or accounts as a proxy and upper-bound estimate, acknowledging that one person can control multiple wallets. It then added estimates for people holding $USDT through centralized services. Tether’s fourth-quarter 2025 report used that broad approach to estimate 534.5 million users…

What the Data Shows Currently, Zcash’s trading activity appears subdued, with no reported volume over the last 24 hours. This lack of trading volume might indicate a period of consolidation or hesitance among traders to make significant moves. However, as Ceteris’s positioning becomes more widely recognized, we could see a shift in sentiment that may lead to increased engagement with the asset. The overall market context suggests that traders should remain attentive to future developments regarding Zcash. Zcash is a privacy-focused cryptocurrency that utilizes zk-SNARK technology to provide anonymity in transactions. This feature has positioned Zcash favorably in discussions about…