Author: NBTC

Vega Network, a next-generation decentralized exchange protocol, launched the XAU/USDT (Gold Token/Tether US Dollar) trading pair on its DEX network. This development marks the first non-crypto asset market on the Vega network, proposed and voted into existence by its community and $VEGA token holders. This provides a new innovation avenue not only for Vega but also bridges the gap between decentralized finance (DeFi) and traditional financial assets, catering towards complete spectrum of financial needs. By including a physical entity like gold, Vega is enlarging the range of DeFi has to offer and strengthen its commitment in serving every requirement that…

Asset management firm VanEck has officially submitted an S-1 registration form to the US Securities and Exchange Commission (SEC) for a spot Ethereum exchange-traded fund (ETF). The filing represents a key step toward potentially launching the first spot Ethereum ETF in the country. According to the preliminary prospectus, the proposed VanEck Ethereum ETF would trade on the Cboe BZX Exchange under the ticker symbol “ETHV.” The fund’s objective is to reflect the performance of Ethereum’s price, minus expenses. According to Bloomberg ETF analyst Erich Balchunas, this move from VanEck should promptly be followed by similar filings from other issuers within…

Hedera joins Crypto ISAC to enhance trust and drive the adoption of blockchain technologies through a secure environment. Crypto ISAC aims to establish a trusted environment, enhance information dissemination, and ensure resilience against security threats. Hedera has integrated with the Crypto Information Sharing and Analysis Center (ISAC). This nonprofit association is dedicated to enhancing security across the crypto ecosystem. Some of the members of ISAC include, Aleo, Circle, Coinbase, Consensys, Evertas, Fireblocks, Kraken, Offchain Labs among others. We are excited to announce that the #Hedera network has joined the @Crypto_ISAC (Information Sharing and Analysis Center) – a new association aimed…

Binance plans to sell 72.6% of GOPAX to MegaZone, reducing its stake to around 10%, to meet regulatory requirements. The sale aims to comply with the Financial Services Commission’s request and improve governance ahead of a key contract renewal. Financial delays and GOPAX’s debt doubling to 118.4 billion won heighten the urgency for Binance’s strategic stake sale. The leading cryptocurrency exchange, Binance, is drawing attention because it plans to sell its holding of GOPAX, a South Korean cryptocurrency exchange. MegaZone Cloud’s parent company plans to sell Binance its 72.6% stake in GOPAX. This action is a component of Binance’s endeavor…

ZKM, a protocol that seeks to extend Bitcoin via its zkVM protocol, has announced the launch of a Bitcoin layer-2 network called GOAT Network. In an announcement shared with crypto.news on Monday, ZKM said GOAT Network will go live in Q3, 2024 to bring the first universal L2 to the market. The decentralized platform will also be the first L2 on Bitcoin to share network ownership. ZKM’s Entangled Rollup technology will power the new L2, with users set to benefit from Bitcoin network’s security. “GOAT Network’s launch of a Bitcoin L2 is a powerful first step in ZKM’s quest to…

BTC as source of diversification Cryptocurrencies have historically exhibited low correlations with traditional asset classes, offering a unique source of idiosyncratic risk in portfolios. Bitcoin is known for its extreme volatility, with significant price swings like a roller-coaster ride — plunging over 64% in 2022 and then rallying 160% in 2023. This volatility can be challenging for crypto traders. On the other hand, the S&P 500 offers more stable performance, averaging 9% to 10% annual returns and serving as a benchmark for the U.S. economy. Despite lower returns compared to Bitcoin, the S&P 500’s consistency and reliability make it a…

As the crypto market eagerly anticipates the potential launch of spot Ethereum ETFs in the U.S., a staggering 32.6 million ETH—over 27% of the total supply—is now being used to secure Ethereum’s proof-of-stake network, according to the latest data from Coinbase. This milestone underscores the growing enthusiasm for Ethereum staking, even as the ecosystem grapples with the implications of the long-awaited Ethereum ETFs. The new exchange-traded funds, unlike their underlying asset, won’t be able to stake their holdings due to regulatory constraints. The rise in staked ETH has been steady, with a brief slowdown following the Shanghai upgrade in spring…

Shibarium, the layer-2 scaling solution of the Shiba Inu ecosystem, has seen a mild surge in its Total Value Locked (TVL). This metric jumped from $2.15 million on May 21 to $2.42 million today, a move that accounts for more than 12%. Beyond the visible growth, the uptick in the TVL is a testament to the growing usage of Shibarium, which as of early January, boasts of less than $1 million locked, per data from DeFiLlama. The current $2.42 million in locked value amounts to exactly 93,653,250,774 SHIB locked in different protocols hosted on the platform. As of today, the…

Consensys, the Ethereum software developer firm that built the MetaMask wallet, shared Tuesday that it is launching a “MetaMask Delegation Toolkit,” aimed at making the user experience of blockchain applications more seamless. The news was announced at the Ethereum Community Conference (EthCC) in Brussels, Belgium, where the company plans to begin onboarding developers to use its new product. According to a press release shared with CoinDesk, the Delegation Toolkit will allow for instant user onboarding without needing to interact with a traditional wallet, in addition to eliminating “user friction completely,” meaning no pop-ups or confirmations when switching between a decentralized…

Crypto firm Galaxy Digital is forecasting how Ethereum (ETH) exchange-traded funds (ETFs) will stack up to Bitcoin (BTC) ETFs. According to a new research post from Charles Yu, the firm’s vice president of research, Ethereum ETFs will see roughly one-third of the inflows of similar Bitcoin products. To reach their estimate, Yu says the firm compared the two assets’ market cap, open interest levels and volume in futures markets, and the total assets under management (AUM) across existing funds. “Based on the above, we think that ether spot ETF inflows will be approximately 3x less than US spot bitcoin ETF…