Author: NBTC
The convergence of decentralized finance and artificial intelligence has created a new narrative known as DeFAI in Web3. This concept is set to bridge the DeFi accessibility gap by using AI to reduce barriers to entry. Industry leaders expect DeFAI to be a transcendental success and urge builders to adopt its intrinsic characteristics now or risk being left behind. BeInCrypto spoke with experts from Mira, RogerThat, WOO X, and Offchain Labs to learn more about its use cases and potential for future innovation. The DeFi Challenge When Web3 experienced its first-ever decentralized finance (DeFi) boom in 2020, it represented a…
On Sunday, U.S. Treasury Secretary Scott Bessent described asset market corrections as healthy, suggesting a greater tolerance for pain before the much-anticipated policy support or the so-called ‘Trump put” for the market, is enacted. “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,” Bessent said Sunday on NBC’s Meet The Press, according to Bloomberg. “I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great.” Bessent’s comment contradicts popular belief that the…
Sen. Elizabeth Warren (MA-D) recently sounded the alarm over new proposals on stablecoin legislation, claiming they’d give Elon Musk a “clear runway” to control U.S. money and payments. If that sounds overly-dramatic, it’s because it is. Here’s what these bills actually do: the GENIUS Act and the STABLE Act aim to create responsible guardrails for stablecoins, ensuring consumer protection and financial stability while encouraging innovation. Far from handing the keys to a single billionaire, they lay out clear standards so that no one — the world’s richest man or otherwise — can dominate payment infrastructure by sidestepping important safeguards. At…
Pump.fun’s revenue has hit a 4-month low, driven by a bottoming-out of its token graduation rate. According to DefiLlama data, Pump.fun’s protocol fee revenue is at $791,500 as of Mar. 17, a 94% drop from the $15.38 million peak on Jan. 25. This marks its lowest single-day value since November. Pump.fun daily fees and revenue chart | Source: Defilama In addition to the drop in revenue, the cool-off of memecoin frenzy on Pump.fun is also evident from the decline in the platform’s graduation rate—the number of memecoins that make it to Solana (SOL) decentralized exchanges contingent on meeting specific liquidity…
Data provided by the public blockchain tracker Shibburn has revealed that over the last day, the SHIB community has been burning its favorite meme coins quite actively and drove the burn rate way upward. In the meantime, the price of the second most popular meme cryptocurrency SHIB has dropped by over 3% since Sunday. SHIB burns up 1,190% The data source mentioned above unveiled that over the last 24 hours, several tens of millions of SHIB have been transferred to unspendable blockchain wallets, i.e. burned – 44,011,839 SHIB. The two largest burn transactions carried 20,809,760 and 20,490,768 and they were…
Cryptocurrency trader and analyst Willy Woo has taken to social media to address the crypto community regarding Bitcoin dominance over the cryptocurrency market. In February, this key metric soared for the first time since 2021 thanks to the newly elected president Donald Trump promising to impose high tariffs on imports from China, Mexico, and Canada. Bitcoin dominance dropping in 2017 On February 17, Bitcoin dominance, which is the share of the overall market capitalization held by Bitcoin, reached the level of roughly 60.6%. Historically, this important metric has seen large fluctuations. In 2017, Bitcoin’s total market share faced a major…
Lara Trump dedicates her highly rated Fox weekend show My View to Bitcoin and cryptocurrencies. As President Donald Trump’s administration pursues plans to establish a strategic Bitcoin reserve, one influential member of the Trump family appears to be wetting the ground. On Saturday, March 15, Lara Trump, the president’s daughter-in-law, dedicated her highly rated Fox weekend show My View to Bitcoin and crypto. She interviewed proponents like Strategy Chairman Michael Saylor and Kevin O’Leary in what appeared to be a concerted effort to convince viewers of the asset’s value and the need for the U.S. to hold a crypto reserve.…
Injective’s proposal IIP-494 for the Nivara Chain upgrade has officially passed, marking a milestone for the decentralized layer-1 blockchain platform. IIP-494 for the Nivara Chain Upgrade has officially passed with 42.3 Million $INJ used in the governance voting process!The upgrade will officially occur tomorrow at approximately 9:47 AM EST (14:47 UTC). https://t.co/zTZw3bxhr1 — Injective 🥷 (@injective) February 16, 2025 The upgrade is scheduled for February 18, 2025, at 14:47 UTC, and will bring significant improvements and new features to the Injective network. Key Features of the Nivara Upgrade: Next-Generation RWA Oracle:The Nivara upgrade will introduce advanced RWA (Real World Asset)…
U.S. crypto lobbyists watched with excitement in recent days as a pair of votes cemented what they’d hoped: Congress is on their side. The industry that battled with pariah status just three years ago has staunch allies now in the White House and inside the U.S. financial agencies, and the recent votes in the Senate and House of Representatives on an Internal Revenue Service rule demonstrate that their support among lawmakers runs deep. So many Democrats joined the sector’s reliable Republican allies on those votes that crypto advocates suggest they may not have to give up much in negotiations over…
Since altcoins like Ethereum are having trouble gaining traction, Bitcoin’s market dominance has increased to almost 60% – a four-year high. This indicator shows how resilient Bitcoin has remained on a market where interest in other digital assets is waning. BTC continues to be the focus of investor attention even though the overall market is moving sideways and the volatility of the cryptocurrency space is also decreasing. Bitcoin’s dominance is approaching its highest level since 2021, which indicates a change in market sentiment as investors choose BTC over riskier altcoins. Ethereum and other alternative assets have not been able to…