Author: NBTC
Aptos blockchain platform has made advancements by adding Tether ($USDT), the first Move-powered blockchain supporting $USDT. This integration has led to a substantial increase in the market capitalization of Tether ($USDT) on the Aptos network to nearly $275 million. USDT arrived on Aptos this week, and has been embraced across the entire DeFi ecosystem 🌐A look at the network by the numbers 🔢✔️ 33M transactions processed✔️ ~4M active users—pushing monthly actives past 8MHere’s your roundup of DeFi news & happenings this week ICYMI 🧵 — Aptos (@Aptos) November 2, 2024 Aptos recorded over 33 million transactions, almost 4 million active…
Japan Prime Minister Shigeru Ishiba promises to include discussions of tax cut proposals from the opposition party in his economic stimulus package, involving tax cuts for gasoline and crypto assets. According to a Bloomberg report published on Nov. 20, Ishiba received the green light for his economic stimulus package after vowing to include annual tax reform proposals from the opposition party, the Democratic Party for the People. The main parties also agreed to raise the budget to fund the stimulus package by the end of December. The economic stimulus package is scheduled to come out this week. Makoto Hamaguchi, a…
GMX, a decentralized trading platform, is gaining attention for its low transaction fees and the ability to leverage trades up to 30 times. This innovative platform supports both spot and perpetual contract trading, appealing to a wide range of users in the cryptocurrency market. Contents hide 1 What Is GMX Coin (GMX)? 2 How Does GMX Work? What Is GMX Coin (GMX)? Launched in September 2021 on the Arbitrum network, GMX later expanded to Avalanche in early 2022. The platform operates through a unique multi-asset liquidity pool that generates rewards from various sources, including market making, exchange fees, and leveraged…
New short-term investors could be the next market’s catalyst for Bitcoin’s anticipated breakout. Data from CryptoQuant shows that UTXOs under 6 months have stopped declining and are now in a parallel line, with only about 8% of investors out of the money. Historical data indicates that Bitcoin rallies significantly once the UTXOs under 6 months stop dropping. BTC is showing signs of an imminent breakout. Data suggests that new short-term investors are what the market needs to begin rallying to new highs as the asset moves closer to its all-time high price. New short-term investors may propel the next Bitcoin…
The Solana decentralized ecosystem (DeFi) is growing: Sky—formerly known as MakerDAO—has put its new stablecoin on the crypto network. According to Sky, the token, USDS, will be the DeFi-native stablecoin on Solana. Sky’s USDS stablecoin was launched in September. Sky runs on Ethereum and is one of the oldest DeFi projects in the space. USDS replaced DAI, the long-running Ethereum stablecoin; DAI holders were able to upgrade to USDS as of September. USDS is live on @Solana. As the first major DeFi-native stablecoin on Solana, USDS unlocks new opportunities for lending, borrowing and trading across the ecosystem’s top DeFi platforms.…
The idea of the Dogecoin community to promote DOGE and expand the range of its utility cases continues to thrive. The main trigger for it was Elon Musk integrating his favorite meme cryptocurrency as a payment option with Tesla and SpaceX. Dogecoin creator says “yes” to paying for X merch with DOGE Now, the Dogecoin community has supported an idea of using DOGE as payment for X merch if such merch is ever sold by the social media giant that belongs to Elon Musk. The idea was suggested by a DOGE enthusiast on X @dogeofficialceo. Billy Markus, known on social…
Switzerland’s Financial Market Supervisory Authority has warned about the risks of money laundering associated with cryptocurrencies. In its 2024 Risk Monitor report, the regulator noted that cryptocurrencies, including stablecoins, are increasingly used for cyberattacks, payments for illegal dark web activities, and evading sanctions linked to geopolitical conflicts. Particularly, stablecoins have seen a “big rise” in illicit transactions related to sanction evasions, further complicating anti-money laundering efforts. To combat money laundering risks, FINMA outlined its broader efforts, including onsite reviews, an overhaul of its audit program, and a focus on risk tolerance and management for entities with politically exposed customers or…
Crypto.com has announced the launch of its Visa card program in Latin America, bringing its popular cryptocurrency-linked rewards card to a region with growing interest in digital assets. The Crypto.com Visa Card allows users to preload funds using their crypto wallets or fiat currency through the Crypto.com app, according to a crypto.com release. The card offers various rewards in seven different tiers, including up to 8% cash back on spending, rebates for services like Spotify and Netflix, and additional perks like airport lounge access. Unlike traditional credit cards, this card does not charge annual or monthly fees for certain tiers.…
According to data provided by research firm Arkham Intelligence, the ancient Bitcoin whale who started mining the leading cryptocurrency during the very first days of its existence keeps selling their holdings. As per the latest update shared by the firm, the whale has now sold as much as $10 million worth of Bitcoin. Even after the most recent selling spree, the whale in question continues to own nearly $72 million worth of BTC. Of course, these transactions are rather insignificant for a trillion-dollar asset, which is why they have had no impact on the price of the leading cryptocurrency. It…
Ethena’s USDe yield-bearing token grew by $1 billion in a month to $3.44 billion as perpetual funding rates rose amid the crypto rally. The token now offers a 29% annualized yield, rebounding from a period of below the U.S. dollar risk-free rate as crypto markets corrected. DeFi lenders and exchanges listing USDe as collateral assets and plans to distribute protocol revenues to governance token holders could further bolster growth. As crypto markets rocketed higher since Trump’s election victory, Ethena’s yield-bearing token is back in vogue with investors. The project’s USDe token attracted around $1 billion in new capital over the…