Author: NBTC

Uniswap is growing, with over 4 million swappers recorded on Layer 2 networks in 30 days. The most important L2 protocols driving this growth include Arbitrum, Optimism, and Polygon. Renowned decentralized crypto exchange Uniswap recently clinched a key milestone, recording over four million swappers on Layer 2 (L2) platforms monthly. This is a major achievement for exchange as it is almost twice its previous all-time high, according to Uniswap Labs. It also represents the growing popularity of L2 in the Decentralized Finance (DeFi) ecosystem. L2 Activities Spike on Uniswap According to data compiled by Dune Analytics, prominent L2 solutions such…

Ethereum has surpassed Bitcoin in fee income over the past year by an epic 100%, according to the newest report from Lookonchain. Thus, its network has recorded $2.73 billion in fee income, the most in the industry. Bitcoin, in second place, generated $1.3 billion. Closing the top three is Tron Network, with almost $460 million. Other networks also contributed to the overall fee income landscape. Solana generated $241.3 million, Binance’s chain accumulated $176.6 million and Avalanche recorded $68.83 million. Additionally, the zkSync Era earned nearly $60 million, Optimism $40.4 million and Polygon $23.9 million. Here are the top 10 chains…

Aaron, the host of Altcoin Daily, suggests crypto enthusiasts could become millionaires within a year through prudent involvement in the asset class. He addressed the subject from the angle of the developments surrounding Ethereum and Bitcoin, the two market bigwigs. According to him, “big things” are happening behind the scenes. Ethereum and Bitcoin Developments First, the Altcoin Daily presenter cited the recently announced seed investment of $4.7 million in Fidelity’s Ethereum spot exchange-traded fund (ETF). Notably, this Ethereum investment product could commence trading this July following the approvals in May, but this depends on further approvals by the SEC. Furthermore,…

Algorand stands out in the crowded Layer 1 blockchain space with its impressive performance metrics, but price action lags behind, according to IntotheBlock data. Renowned for its high capacity, fast transaction finality, low fees, and carbon-neutral stance, Algorand boasts over 54,000 daily active addresses, surpassing networks like Dogecoin (52,000) and Avalanche (48,000), and ranks fifth in active users among leading protocols. Transaction activity on Algorand has surged, doubling since late 2023. The current seven-day average is 1.36 million transactions per day. Notably, most transactions are small, with 96.43% valued at under $1, likely driven by automated transactions and smart contract…

Senior ETF analyst for Bloomberg Eric Balchunas has spread the word about the largest spot Bitcoin ETF – BlackRock’s IBIT – surpassing its rival ETFs not only by the amount of Bitcoin held but also by another important metric. This one has skyrocketed, according to a recent tweet published by Balchunas. The analyst’s post reveals that a surprising 414 reported holders in the fund’s first 13F season have been reported. This is a “mind boggling” figure for this metric, the analyst admitted, adding that it “blows away [the] record.” Balchunas then clarified that even if a newly born ETF gets…

Flamingo has announced a new partnership with AlphaNet, an AI platform that provides services for cryptocurrency trading markets. The two entities will collaborate on integrating AlphaNet services into the Flamingo platform, including providing trading insights and signals, as well as AI tools to elevate the user’s trading experience. AlphaNet is part of the AI product suite within the Phoenix umbrella. Phoenix is a decentralized AI infrastructure provider that recently partnered with Neo to explore how AI can accelerate blockchain technology and drive mass adoption on Neo X. AlphaNet offers three product types: insights, signals, and chatbots. Insights utilizes AI models…

Ethereum is hanging on the edge at $3,365, as this price level is actually far more important than you might think. The asset has clearly gained serious ground for a reversal after breaking above the 100 EMA, but right now, ETH is in some trouble and may reach $3,000 quite soon. Ethereum has historically held up at this critical support level, which is located roughly where the $3,365 level is. If Ether were to fall below this mark, it would indicate that this support is no longer there and will probably descend to $3,000. This is the next significant psychological…

Keith Gill, ‘Roaring Kitty’, reveals unexpected investment in Chewy, owning 6.6% stake. Gill’s Chewy stake disclosed in SEC filing, causing initial surge then drop in stock price. Keith Gill buys 9 million Chewy shares, raising questions about the company’s future. Keith Gill, widely recognized as ‘Roaring Kitty’ is once again trending, but not about GameStop. This time, it’s about an unexpected investment in online pet retailer Chewy (CHWY). JUST IN: Roaring Kitty (Keith Gill) files SEC 13G disclosing owning 6.6% of Chewy $CHWY. pic.twitter.com/gEQnBCvK5b — Watcher.Guru (@WatcherGuru) July 1, 2024 In a recent SEC 13G filing, Gill disclosed that he…

Renowned scholar, former option trader and risk analyst Nassim Nicholas Taleb is known to a wide audience thanks to his popular books “Black Swan”, “Antifragile”, “Skin in The Game”, etc. Less than an hour ago, Taleb revealed the title of his next book and what it will be about in a post published on the X social media platform. Taleb is also a major Bitcoin critic who came to it all the way from adoring BTC. Taleb shared that his next book will be called The Lydian Stone (also known as the “touchstone”) that is a flint stone that was…

Insurance companies have historically shaped standards and promoted safer practices throughout society. In the automobile industry, they drove the development and adoption of now-ubiquitous safety measures – like seatbelts and airbags. By reducing premium payments for vehicles equipped with safety features, insurance companies helped align incentive mechanisms for car manufacturers and drivers and enforce higher safety standards. Similarly, by making liability coverage insurance contingent on adherence to safety protocols, insurance companies played a pivotal role in establishing safety standards in buildings and in the manufacturing sector. The digital asset ecosystem has grown substantially in recent years and will continue to…