Author: NBTC

Ethereum’s dominance in the DeFi space is facing a significant challenge as new blockchain platforms with substantial Total Value Locked (TVL) have emerged in the first half of 2024. This surge in competition signals a potential shift in the DeFi landscape, as investors seek out platforms offering innovative features, robust security, and attractive yields. Total Value Locked (TVL) represents the total value of assets held within a blockchain’s protocols and smart contracts. It’s a key metric because it reflects a platform’s liquidity, security, and user activity. Platforms with higher TVL typically offer better collateralization, which reduces risks in lending and…

Lugh, a European stablecoin provider, announced that it has stopped the issuance of its Euro-pegged stablecoin EURL due to the coming into force of the European Union’s Crypto Asset Markets Directive (MiCA). According to the statement made on its website, the company guarantees the repurchase of existing EURLs until August 30, 2024. This development comes after Binance, the world’s largest cryptocurrency exchange by trading volume, announced that it would soon limit the availability of “unregulated” stablecoins in the EU. While Binance has not specifically mentioned major stablecoins such as Tether’s USDT and Circle’s USDC, there are growing concerns that European…

Lawyers for Digital Currency Group, Barry Silbert and Michael Moro filed responses to New York Attorney General Letitia James’ latest effort to support a lawsuit against the crypto company and executives. The NYAG’s office sued DCG and the affiliated executives last year. Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convince a judge to toss out New York Attorney General (NYAG) Letitia James’ civil fraud suit against them.…

Key Points: Emails reveal the Bankman-Fried family involved in over $100 million in political donations from FTX accounts. Joe Bankman, Barbara Fried, and Gabriel Bankman-Fried directed these funds to political causes. The Wall Street Journal revealed a new FTX $100 million scandal, showing Sam Bankman-Fried’s family involved in illegal political donations, leading to scrutiny and lawsuits over misuse of customer funds. SBF Family Linked To FTX $100 Million Scandal, WSJ Reveals It has just been revealed that emails from The Wall Street Journal show Sam Bankman-Fried’s family involved in over $100 million in political donations. FTX $100 Million Scandal Involves…

In the dynamic world of cryptocurrency, the ability to seamlessly exchange assets, data, and value across multiple blockchain networks is crucial. A wide array of reliable cross-chain bridges is essential for crypto users to navigate this landscape efficiently. According to data from DefiLlama, the top cross-chain bridges by volume in the past 30 days are listed below. Across tops the list with a staggering $1.05 billion volume over the last 30 days. This bridge has proven to be a favourite among users for its reliability and efficiency in cross-chain transactions. Top Cross-chain Bridges by Volume in last 30 daysThe wide…

Bitcoin price is up nearly 5% to tag $65,000, a level last tested on May 6. CPI report shows inflation eased in April, falling to 3.4% after March reading at 3.5%. Core CPI came in at 3.6% vs. 3.8% last month, both aligning with expectations and clearly bullish for BTC. Bitcoin (BTC) price jumped by 5% on Wednesday, seeing the American session outperform the Asian session for the first time in a while. Tailwinds sprouted fron US inflation release. Daily digest market mover: CPI report shows inflation eased in April, Bitcoin jumps 5% Bitcoin price showed strength on Wednesday after…

AMINA Bank, a prominent name in Swiss digital banking, has entered into a strategic partnership with Pyth Network, a leading decentralized financial oracle. This collaboration is set to transform how digital asset prices are provided and utilized across the financial landscape. By supplying real-time data on digital asset prices to Pyth Network, AMINA Bank aims to enhance the precision and efficiency of financial services, particularly in decentralized finance (DeFi). By leveraging its resources to improve the Pyth Network’s offerings, AMINA Bank is actively participating in the evolution of financial services, making them more accessible and reliable for users across various…

Recently, a significant transaction involving Ethereum (ETH) and stablecoins unfolded in the cryptocurrency market. It highlights the strategic moves of a prominent whale investor. According to Lookonchain reports, the whale executed a series of transactions. This series began with withdrawing 30,000 ETH, valued at approximately $101.7 million, from the exchange Bitfinex. Shortly after, they deposited 20,000 into Spark, a platform known for its DeFi services. The amount of these Ethereum is equal to $67.8 million. A whale withdrew 30K $ETH($101.7M) from #Bitfinex 1 hour ago and deposited 20K $ETH ($67.8M) into #Spark.Then he borrowed 34M $DAI from #Spark, swapped it…

Pump.fun’s revenue has surpassed $30 million as meme coins with their own respective subsector create their own waves. Over the past month, we’ve seen a lot of news centered around memes. Roaring Kitty, the face of the 2021 GameStop rally, returned to X. Pump.fun, the meme coin launchpad, was exploited for $1.9 million by a former employee. The face of Dogecoin, the Shiba Inu Kabosu, passed away. The crypto market has also been brought back by excitement about the shock approval of the spot Ethereum ETF 19b-4 approvals and some more encouraging inflation data coming out in the U.S. this…

Bankrupt crypto lender Celsius Network’s litigation administrator has initiated legal action against account holders who have not settled liabilities related to preferential transfers made in the 90 days before the firm filed for bankruptcy. The lawsuits, filed in the US Bankruptcy Court for the Southern District of New York, target those with more than $100,000 in Withdrawal Preference Exposure (WPE). The move follows a successful settlement with over 1,500 account holders, resulting in the recovery of nearly $100 million. The settlements addressed more than $500 million dollars in preference liabilities, providing significant relief to eligible Celsius creditors. Celsius Litigation Administrator…