Author: NBTC

Composability Labs is developing Spark, an on-chain CLOB that enhances DeFi trading on Polygon Miden by minimizing state storage. Polygon Miden uses zero-knowledge proofs to reduce state bloat, ensuring efficient and scalable blockchain operations. Polygon Technology, in a recent blog, stated that Composability Labs is advancing in the decentralized finance (DeFi) sector with Spark, a high-speed on-chain central limit order book (CLOB) that utilizes Polygon (MATIC) Miden’s state-minimization features. By integrating state minimization and zero-knowledge (ZK) proofs, Polygon Miden allows developers to build scalable, efficient, and secure solutions that extend Ethereum’s feature set. pioneer @compolabs is building a superfast onchain…

Howdy! I’m ashamed to admit I have yet to listen to Anatoly Yakovenko’s debate with Justin Drake. However, I want to publicly thank them both for rescuing my X timeline from a days-long slog of Iggy Azalea memecoin takes. More on the layer-1 esprit de corps later, but first, let’s take a look at what’s happening on the blockchain: SolXEN may be filtering Solana spam Something interesting is happening with Solana’s transaction chart. For the past few months, a sizable majority of Solana’s transactions have been failing. This flipped last week when 15 million daily failed transactions disappeared from the…

The Capital Markets Board (CMB) published a statement following the new regulations regarding crypto assets. CMB prepared the pages under spk.gov.tr, where crypto asset service providers and those who decided to liquidate will be listed, and added the application forms to the bottom of its announcement. CMB stated that the “Law on Amendments to the Capital Markets Law” numbered 7518 entered into force after being published in the Official Gazette numbered 32590 dated 02.07.2024. With this regulation, crypto asset service providers operating or will operate in Turkey were placed under the regulatory and supervision authority of the CMB. Within the…

Leading cryptocurrency exchange Binance announced its decision to delist several spot trading pairs on July 6, 2024, as part of its regular market review process aimed at protecting users and maintaining a high-quality trading environment. Binance Will Delist Select Spot Trading Pairs on July 6, 2024 The removal is due to factors such as poor liquidity and low trading volume. The affected trading pairs are: ECB/BTC IOST/BTC LINA/BTC The delisting will take effect at 06:00 on the specified date. Despite the removal of these trading pairs, the availability of individual tokens on Binance Spot will not be affected. Users will…

The best user-facing technologies are invisible to consumers and end-users. Their widespread adoption depends on this invisibility. Consider the legacy internet which now has over 5.4 billion users. Let alone digital-native GenZs and Gen Alphas, even Boomers can easily use Web2 products and services. So much so, they comprise 18.3% of U.S. internet users, despite spending most of their lives in the pre-internet era. That’s the power of abstraction, i.e. the process of hiding technical complexities from the user experience. Users can pay with their banking app even if they don’t understand how VISA or Mastercard enables these payments. Same…

Bitcoin price is up nearly 8% and it broke many hurdles. BTC is now consolidating gains and might correct in the short term toward $65,000. Bitcoin started a strong increase and cleared the $63,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains but the bulls might be active near $65,000 and $64,500. Bitcoin Price Jumps 8% Bitcoin price remained strong above the…

Reed O’Connor, a federal judge on the United States District Court for the Northern District of Texas, has granted a request by Consensys lawyers to make a decision on whether the U.S. Securities and Exchange Commission can regulate the self-custodial MetaMask wallet as a broker-dealer on an expedited basis. “Those questions would be considered alongside any arguments the SEC would make that we don’t get to bring a case against them,” Bill Hughes, a lawyer representing the Ethereum development studio, said in a post on his X social media account. The court’s ruling is expected around Christmas, according to Hughes.…

As the world’s largest cryptocurrency exchange by trading volume, Binance holds considerable sway over the crypto market. The listing of a coin on Binance often triggers a significant price surge, particularly under favorable market conditions. With over 200 million users globally and a daily spot trading volume surpassing $19.6 billion, Binance has become a coveted platform for millions of crypto projects. This Coincu’s article will list 10 potential candidates for upcoming Binance listings in 2024. Table Of Contents Top 10 Upcoming Binance Listings Conclusion EigenLayer – The first staking platform on Ethereum Puffer Finance – The project uses advanced staking…

The cross-chain messaging platform LayerZero has integrated Flare, connecting the Layer 1 blockchain for data to 75 blockchain networks. As announced on Wednesday, the integration means Flare can now connect to major blockchain networks such as Ethereum and Solana. The milestone also makes Flare accessible to multiple Ethereum Layer 2 (L2) networks, bringing over 50,000 decentralized applications (dApps) to Flare. “This is an incredibly valuable integration for all users and builders on Flare. Deployment of LayerZero V2 will help accelerate Flare’s expansion, paving the way for builders to develop a wide variety of innovative interoperable products,” Flare co-founder Hugo Philion…

US consumer price data came out on Monday, May 15. The core consumer price index (CPI), which measures underlying US inflation, increased less than expected in April. It climbed 0.3% from March, marking the first time in six months. This figure suggests a possible downtrend in inflation, raising hopes for a future Federal Reserve interest rate cut. Crypto Market Rebounds as US Inflation Slows, but Will It Last? Yet, Fed officials need more data before considering rate cuts. On Tuesday, Fed Chair Jerome Powell said the central bank will “need to be patient and let restrictive policy do its work.”…