Author: NBTC
Bitcoin reached an all-time high of $98,000 in November 2024, and its current market cap is $1.92 trillion. It is a fact that the flagship cryptocurrency represents a significant store of value. However, its liquidity largely remains confined to its native blockchain. Enabling Bitcoin liquidity to flow into networks like Solana through cross-chain solutions opens up opportunities for Bitcoin holders to participate in lending, borrowing, staking, and yield farming on other chains. This not only enhances the overall liquidity across ecosystems but also allows Bitcoin to play an active role in markets beyond its native blockchain. Access to Bitcoin liquidity…
It’s been two weeks since the US presidential election outcome that sent BTC to new highs and spurred some of the latest bullish happenings. Let’s review what’s occurred in crypto land since Donald Trump’s political victory. Starting with the crypto price rally, BTC rose 8.8% on Election Day (Nov. 5), Coinglass data shows. There were modest gains the next few days before BTC saw notable daily price increases of 4.8% and 10.2% on Nov. 9 and Nov. 10, respectively. Then a 4.2% rise on Nov. 14. By Bitfinex analysts’ count, BTC rose roughly 40% (from the pre-election selloff point of…
Dubai, UAE – Trust Wallet, the world’s leading self-custody Web3 wallet with over 140 million users, has announced a powerful integration with Binance Connect, Binance’s official fiat-to-crypto gateway. This strategic move unlocks an array of new features, simplifying access to digital assets and enhancing the overall user experience.—By integrating Binance Connect, Trust Wallet users gain direct access to over 300 cryptocurrencies at competitive rates, all powered by Binance’s unparalleled liquidity and global market reach. Whether using credit or debit cards, bank transfers, Binance wallet balances, or P2P trading, the process is now faster and more intuitive than ever before.Key Features…
Pete Rizzo, a prominent Bitcoin historian, has noted that it has been exactly 13 years since The Economist, one of the most famous business media outlets, wrote off the cryptocurrency in its infamous article. The article, which was published on Oct. 21, 2011, claimed that Bitcoin was “in trouble” after it plummeted below $3 from its peak of $33. The very first Bitcoin bubble emerged back in June 2011 mostly because of Gawker, a now-defunct American pop culture website. The cryptocurrency attracted a lot of attention after Gawker published an article about the infamous Silk Road dark web marketplace. Around…
Ethereum has the biggest share of the TVL pack, with Solan coming in second. Blockchain technology is still reshaping the financial sector, and some blockchains are performing better than others in terms of Total Value Locked (TVL), one of the most significant measures of blockchain’s economy. Recent statistics show that Ethereum and Solana are the market leaders, with other platforms on the rise. The Dominant Leaders: Ethereum & Solana Ethereum holds the throne with the TVL amounting to 65.665 billion, which is more than half (54.67%) of the total. Worldwide, it is popular because of the large number of protocols…
Guru Network (GURU) took the lead, surging by an impressive 103.8%. This surge has captured market attention, pushing the token’s price to $0.02, with a market cap of $4.4 million. GURU’s performance underscores a significant upward trend, suggesting growing interest and demand in niche sectors of the crypto space. DAILY GAINERS$GURU +103.8% $AURORA +38.6% $DEEP +22.9% $SIDUS +22.7% $PROS +22.7% $NGL +19.1% $NAVX +17.9% $SNS +16.7% $PNG +16.6% $CPOOL +15.1%#dailygainers pic.twitter.com/atgJrNFcrj — PHOENIX – Crypto News & Analytics (@pnxgrp) October 29, 2024 Trailing behind GURU, Aurora (AURORA) recorded a robust gain of 38.6%, reaching a current price of $0.15 and…
In recent years, the United States Attorney’s Office for the Southern District of New York (SDNY) has been one of the toughest in the country on digital asset crime. However, as Donald Trump takes power after his election victory, the office will allocate fewer resources to the sector to focus on higher priority areas, one senior prosecutor has revealed. Scott Hartman, co-chair of SDNY’s Securities and Commodities Fraud Task Force, admitted that the office would reduce its focus on ‘crypto’ crime after five years of intense crackdowns. “We brought a lot of big cases in the wake of the crypto…
A new Jupiter DAO governance proposal created by Meow, the pseudonymous co-founder of the Solana decentralized exchange (DEX) and token launchpad, seeks a 70% “yes” vote to airdrop 700 million JUP tokens to the community in January—as well as another 700 million JUP tokens sometime after that. All told, that’s nearly $1.5 billion worth of JUP at the current price. Those who stake the JUP token via Jupiter are eligible to vote on the proposal, earning voting power in a 1:1 ratio with the amount of JUP staked. Voting on the proposal, which is designed to reward “real humans and…
Today, enjoy the Forward Guidance newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Forward Guidance newsletter. Looking back, ahead after BTC breaches $69K We’ve heard the-stage-is-set-for-a-big-bull-run narrative for a while. The difference now is that bitcoin’s price is actually reflecting that sentiment (or was, at least). And the election, which was not far off before, is even closer now (that’s how time works, wouldn’t ya know). Bitcoin hit roughly $69,400 over the weekend. It stood at around $67,350 at 2 pm ET Monday — down about 2% on the day but up 7%…
The Donald Trump-backed cryptocurrency platform World Liberty Financial got off to a sluggish start, with investors buying far fewer of its WLFI tokens than the project hoped for. But now, Chinese-born crypto billionaire Justin Sun has just given it a significant boost, buying $30 million worth of WLFI. World Liberty is a decentralized finance (DeFi) platform backed by the incoming U.S. president and all three of his sons. The project is run by a circle of Trump world insiders, crypto entrepreneurs and financial figures. Sun, meanwhile, is best known for establishing TRON, a blockchain platform mostly popular in Asia. He…