Author: NBTC

Tron’s stablecoin market cap has surged by $4.8 billion over the past 90 days, outpacing the combined growth of the other nine chains in the top ten. This substantial increase highlights the platform’s growing popularity in decentralized finance (DeFi). As reported by crypto commentator @tokenterminal, this trend could indicate a shift in user preference toward Tron amidst a fluctuating broader market. The Story So Far The broader cryptocurrency market continues to exhibit mixed signals, yet Tron stands out with its impressive stablecoin growth. The $4.8 billion increase in market cap is significant, especially when compared to the relatively stagnant performance…

Ethereum is showing a strange split right now. Per Santiment data, on the Ethereum chain $USDT has lost 251,350 non-empty wallets over 11 days, marking its steepest short-window decline since the post-FTX market upheaval in December 2022. At the same time, Ethereum fees have fallen to just $0.095 per transfer. $USDT Wallets Are Shrinking Fast The 251,350-wallet contraction is an unusual break from $USDT’s historical base expansion. It doesn’t automatically mean capital has left crypto altogether, though. Smaller holders could be consolidating balances, shifting funds to Layer-2 networks, moving into USDC, or sending assets back to centralized exchanges. Still, the…

Private company shares still trade through bilateral, paper-heavy processes that keep most investors out of venture-backed growth. Citi is now applying the depositary receipt model, long used to give investors access to foreign public equities, to that opaque market with a new Digital Depositary Receipt (DDR) product, according to an Aug. 25 announcement from Caplight, the pricing platform the bank selected for the offering. How the DDR works Caplight said the DDR product tokenizes private company shares for eligible investors, with Citi’s first receipt representing shares in Kaleido, Inc. The bank described itself as the first major institution to extend…

Cardano has achieved a major milestone in its long-term interoperability strategy by establishing its first live on-chain Inter-Blockchain Communication (IBC) connection with Injective on testnet. The achievement marks the first time Cardano has connected to another blockchain through a live on-chain IBC rail, enabling native cross-chain asset transfers between the two ecosystems. Through the testnet integration, users can send $ADA from Cardano to Injective and transfer $INJ from Injective back to Cardano. Both the Cardano Foundation and Injective described the development as the beginning of a new era of interoperability between the two networks. According to the announcement, the integration…

The UK Financial Conduct Authority has targeted three London premises suspected of running illegal peer to peer crypto trading businesses, extending an enforcement campaign against unregistered digital asset activity. According to the FCA, the operation was carried out on Sept. 10 alongside HM Revenue & Customs and the Metropolitan Police Service. Cease and desist letters were issued at all three locations, requiring traders to stop any suspected illegal crypto business. Peer to peer crypto trading involves people buying and selling digital assets directly with one another. Personal transactions do not require FCA registration, but anyone conducting the activity by way…

Polymarket has hired former Zora CEO Jacob Horne to work on product with an emphasis on its DeFi offering, as CEO Shayne Coplan acknowledged that the performance of the prediction market’s onchain product has “waned” while the company scaled. Coplan said some longtime users believed Polymarket had shifted its focus to the U.S. business. He said the company is working to unify its products, but did not specify a launch date or identify any fee, liquidity or routing changes. Polymarket will hold a DeFi town hall “soon” to collect feedback and lay out its plan, Coplan said. He invited users…

Anchorage Digital Bank, the first federally chartered crypto bank in the US, has added custody support for Etherlink and seven assets on the Tezos layer-2 network, including xU3O8, a token representing physical uranium. The other supported assets include wrapped XTZ (WXTZ), liquid staking token stXTZ, stablecoins USDT, USDC and USDSM, and wrapped Ether (WETH), according to an announcement shared with Cointelegraph. The integration allows Anchorage’s institutional clients to custody assets issued on Etherlink, an Ethereum Virtual Machine-compatible layer-2 network that settles on Tezos, through segregated accounts at the federally chartered bank. xU3O8 represents ownership of physical uranium, giving investors exposure…

Top financial advisor Ric Edelman has compared buying bitcoin today to Amazon back in 1999. Edelman, founder of Edelman Financial Engines, told Bitcoin Magazine TV on Thursday that he also expects the price of the leading cryptocurrency to hit $500,000 by 2030. The leading cryptocurrency was recently priced at nearly $76,522 after jumping 1% over the past day. The coin had its best run in years in August after months of trading below $65,000 — significantly below its October record of $126,080. “Back in 1999, people were arguing over whether to invest in Amazon,” Edelman said. “Nobody has that argument…

PancakeSwap enhances its ecosystem through several strategic partnerships and product launches, including the introduction of PancakeSwap Infinity as the default graduation platform for pairdotfund. This development highlights PancakeSwap’s commitment to innovation in the DeFi space and aligns with broader trends in tokenization on the BNBCHAIN. As a result, users can expect improved liquidity solutions and enhanced trading experiences. Breaking It Down The latest updates in the PancakeSwap ecosystem include the launch of PancakeSwap Infinity as the default platform for pairdotfund, a significant move aimed at enhancing user experience and liquidity. Additionally, rTokens from RealityFi are now available on the Stock…

Ethereum spent most of this year looking like the coin everybody had given up on. Then one candle in August changed the entire picture, and $ETH has been quietly building a launchpad ever since. The $3,000 level is no longer a fantasy number. It is roughly 19% away, and the chart is doing exactly what it needs to do to get there. Where Is the $ETH Price Right Now? $Ethereum is trading at $2,510 on the daily, up 2.65% on the session, after opening at $2,445 and tagging $2,518 intraday. The low of the day was $2,435, which is the…