Author: NBTC
The Ethereum L2 network keeps thriving as Base has recently achieved another success. As per the data from Token Terminal, the annualized GDP of the Coinbase-incubated L2 network Base has surpassed $1B as the user spending during January has reached $110M in total. The crypto analytics firm disclosed this development on social media. 🚨 @base’s annualized GDP crosses $1BIn Jan ’25, users on the Base L2 spent ~$110m in total: ~$96m on apps & ~$14m on L2 tx feesChain GDP measures how much the end users paid to interact with the chain’s applications in a given period of time pic.twitter.com/B7fZswtzYo…
Although Bitcoin’s recent price performance has garnered a lot of attention, the explosive increase in open interest (OI) is the true story. Bitcoin’s open interest increased by about $2 billion in the last day, indicating increased trading activity and increased investor interest in the top cryptocurrency. The total number of active contracts in the futures and options markets is represented by open interest. An increase in OI is usually associated with higher expectations of volatility and increased participation in derivatives markets. This significant increase in OI highlights the market’s increased expectation for Bitcoin’s next move as the cryptocurrency is currently…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Decentralized finance today is still largely an ouroboros, as Vitalik once pointed out. Protocol revenues and fees are real, and they prove the tech works. That is important! But these revenue flows are still largely the downstream result of speculative capital passing between traders in a circular, self-consuming cycle. Protocols like Pendle observed these state of affairs, declined to pass judgment, then simply built the best possible product to capitalize on this ouroboros-like economy. Want a fixed yield? Buy Pendle Principal Tokens (PT). Prefer to farm points…
A crypto millionaire who has made a fortune trading popular Solana meme coins has bought another one despite the ongoing weakness in the market. According to Lookonchain, the investor made $7.5 million investing in Dogwifhat (WIF), the third-biggest Solana (SOL) meme coin. The token’s market cap was $58 million, which has grown to $1.5 billion. The millionaire also made $1.2 million by investing in Peanut the Squirrel (PNUT) when it had a market cap of $460 million. According to CoinGecko, the token’s market cap peaked at over $2.2 billion. He has now invested in Pippin (PIPPIN), a new Solana meme…
Malaysia’s anti-graft agency says it is turning to blockchain and artificial intelligence (AI) to fight corruption and fraud. Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam noted that criminals are leveraging increasingly sophisticated tools to conduct corruption and fraud, and the government needs to capitalize on the latest emerging technologies to keep up. Azam was speaking at the 3rd International Conference on Technology, Humanities, and Management in Fuvahmulah, Maldives, where he singled out ‘crypto’ fraud and scams, cybercrime, and AI misuse as some of the more challenging sectors for regulators in the digital age. “Technological progress can actually be…
Michael Saylor suggests burning Bitcoin keys after death as a “pro-rata contribution” to strengthen decentralization and benefit all holders. Saylor, the chairman of MicroStrategy, recently unveiled a unique perspective on the future of his Bitcoin holdings. In a conversation with Fox Business’ Charles Payne, Saylor suggested that Bitcoin holders destroy their keys after their demise. He noted this action would result in a proportional contribution to all remaining Bitcoin holders, potentially strengthening the protocol’s decentralized nature. He described Bitcoin as a protocol for prosperity and advocated for actions that enhance its long-term value. “When you die, take the Bitcoin with…
The founder of Aave downplayed Solana’s Kamino during an argument with the president of the Solana Foundation and the co-founder of Solana Labs about decentralized money markets on X. Alex Svanevik, founder of Nansen, questioned the absence of Aave on Solana, which currently boasts Kamino as its largest money market protocol. According to DefiLlama data, Aave is available in 13 blockchains as of press time and has amassed nearly $19.6 billion in total value locked (TVL). Kyle Samani, partner at venture capital fund Multicoin Capital, commented Kamino, which is also a money market. Svanevik replied that Aave’s TVL is nearly…
Layer-2 projects continue to capture significant attention in the cryptocurrency market. Recent data highlights the leading Layer-2 platforms based on social activity metrics, reflecting their growing relevance in blockchain scalability and adoption. The analysis considers metrics such as engaged posts and total interactions over 24 hours. As per the report disclosed by Phoenix, a crypto analytical firm, $ZK, $MNT, $POL, $ARB, $STRK, $AZERO, $STX, $OP, $MANTA, and $IMX have been prominent L2 projects by social media activity. TOP #LAYER2 PROJECTS BY SOCIAL ACTIVITY$ZK $MNT $POL $ARB $STRK $AZERO $STX $OP $MANTA $IMX pic.twitter.com/ht7QRBTEk0 — PHOENIX – Crypto News & Analytics…
Crypto exchange Bithumb has announced the addition of Cookie Dao (COOKIE) to its Won Market. Cookie Dao (COOKIE) to Support Trading in KRW Market This will allow traders to trade COOKIE directly against the Korean Won (KRW). Cookie Dao (COOKIE) Business Information Supported Markets: KRW Market Supported Networks: BNB Smart Chain (No other network deposits) Deposits and withdrawals start: Within 3 hours after the announcement Trading begins: Scheduled date: Monday, February 10, 2025 at 16:00 Starting price: 235 KRW Number of deposit confirmations: 15 Bithumb added that it will update the cryptocurrency information soon. In order to ensure a smooth…
Introduction Smart contracts represent one of blockchain technology’s most transformative innovations, fundamentally changing how we think about digital agreements and trust. These self-executing contracts with terms directly written into code are revolutionizing industries from finance to real estate, creating new possibilities for automation and trustless transactions. The Origins and History of Smart Contracts The concept of smart contracts predates blockchain technology by nearly two decades. In 1994, Nick Szabo, a computer scientist and legal scholar, first proposed the idea of computerized transaction protocols that would execute the terms of a contract. Szabo envisioned vending machines as a primitive example of…