Author: NBTC

DeFi assets and value locked are showing bearish signals, despite the recent recovery of the crypto market. DeFi dominance, a metric of the performance of DeFi tokens, has fallen to levels not seen since before the 2021 bull market. DeFi tokens are lagging in their performance, reaching the lowest dominance levels since early 2021. DeFi dominance is down to 3%, before the 2021 rally for DEX and lending projects. During this market cycle, DeFi dominance had a small increase, up to 3.71%, far from the values of around 5.9% during the 2021 bull cycle. In 2024, DeFi was widely used,…

As cryptocurrencies have been battered in a broad-market correction over the past weeks, digital asset investors sought refuge in tokenized U.S. Treasury products. Since late January, the combined market capitalization of Treasury-backed tokens grew $800 million to hit a fresh all-time record of $4.2 billion on Wednesday, data source rwa.xyz shows. Real-world asset platform Ondo Finance’s (ONDO) products, the short-term bond-backed OUSG and USDY tokens, climbed to just shy of $1 billion combined, a 53% surge in market value over the past month. BUIDL, the token issued jointly by asset manager BlackRock and tokenization firm Securitize, gained 25% during the…

According to recent data, the Ripple-affiliated XRP cryptocurrency is far more popular with Japanese investor compared to Ethereum (ETH). XRP has an 18% share of the tokens stored on Japanese exchanges. Ethereum (ETH) comes in third place with a 14.4% share of the market. Bitcoin is in the first place with a 65% share of total exchange holdings. Notably, the share of the leading cryptocurrency has grown substantially over the past several years despite the proliferation of altcoins. XRP’s popularity does not come as a surprise given that Ripple has long had a strong presence in Japan. Back in 2016,…

Ethereum metaverse game The Sandbox is kicking off its fifth season with a new in-game Jurassic World experience created in collaboration with Universal and Ambling Entertainment, allowing the player to become an employee of a dinosaur park. The high-profile launch of Jurassic World: Dinosaur Preserve comes as part of a six-week long season that will pack in over 40 new experiences including content from other entertainment brands like Attack on Titan, The Smurfs, and The Terminator, all built on an improved game creator allowing for new features. The Sandbox is an open-world video game on PC and Mac that invites…

As per recent a filing with the U.S. SEC, stablecoin giant Tether has increased its stake in Bitcoin mining firm Bitdeer (BTDR). The filing shows that Tether and its subsidiaries, currently hold a total of 31,891,689 Class A common shares in Bitdeer, representing 21.4% of the company’s outstanding shares. Bitdeer Reveals SEALMINER A3 Chip Tether, known for its stablecoin USDT, has expanded into Bitcoin mining, energy, and AI investments in recent years. Bitdeer, founded by Jihan Wu, is aiming to vertically integrate its Bitcoin mining operations, covering everything from silicon to energy. The company recently announced the SEALMINER A3 chip.…

The main organizations supporting the Arbitrum blockchain, Offchain Labs and the Arbitrum Foundation, unveiled a new program designed to kick-start early-stage projects in the ecosystem. The new program, “Onchain Labs,” is designed to provide go-to-market support to “experimental and volatile” projects, according to a blog post from Offchain Labs, Arbitrum’s main developer. “Through Onchain Labs, we’re dedicating resources to support developers looking to rapidly expand the application layer by ideating with them from the ground floor to bring the best user experiences to Arbitrum,” the blog post said. “As we do with many Arbitrum teams, we’ll provide product and [go-to-market]…

Bitcoin price is struggling to clear the $100,000 resistance zone. BTC is again moving lower and might decline toward the $95,000 support. Bitcoin started a fresh decline from the $98,500 zone. The price is trading below $97,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support at $97,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $96,000 zone. Bitcoin Price Dips Again Bitcoin price remained in a range above the $95,000 support level. BTC started…

The Sui blockchain keeps making waves in the DeFi landscape with substantial capital inflows. As per the data from Phoenix Group, the prominent projects on the Sui blockchain in terms of total value locked include Send ($SEND), NAVX ($NAVX), and Cetus ($CETUS), as of March 17, 2025. The crypto analytics platform took to social media to provide the list of the top Sui projects based on TVL. TOP 10 #TVL ON #SUI $SEND $NAVX $CETUS #Haedal $SCA $BLUE $BUT $ALPHA #Aftermath #Kai pic.twitter.com/c4Pg6LQscl — PHOENIX – Crypto News & Analytics (@pnxgrp) March 17, 2025 SEND Leads Top Sui Projects by…

Iraq has signaled an intention to join the race for a central bank digital currency (CBDC), beginning with a series of experiments aimed at enhancing its payments ecosystem. The digital dinar will complement existing payment options while operating similarly to cash. Iraqi Prime Minister Muzhir Mohammad Saleh’s financial advisor confirmed the government’s plan to roll out a retail CBDC for the country. Saleh said the Central Bank of Iraq (CBI) will spearhead the design of the digital dinar with the intention of harnessing a range of economic benefits. While the technical details of the launch are unclear at the moment,…

Polygon recorded positive momentum amid migration from MATIC to POL. The L2 network plans to enhance productivity through the AggLayer launch this year. Polygon’s Q4 report, released by Messari Research, highlighted the blockchain’s key achievements in the quarter. Specifically, Q4 brought recovery for Polygon’s native token, POL, following its transition from MATIC. Building on its latest achievements, the Polygon network is set for a transformative 2025, with several developments on the horizon. Polygon’s Key Milestones in Q4, 2024 A major shift in the Polygon ecosystem in the fourth quarter of 2024 is the migration from MATIC to POL. As noted…