Author: NBTC

The Tron DeFi ecosystem surpasses the $21.7 billion mark led by Just Cryptos & JustLend DAO, but TRX price faces a short-term bearish trend. Tron’s decentralized finance ecosystem has reached a significant milestone, with its Total Value Locked (TVL) exceeding $21.7 billion and extending the growth spurt. This metric, a common measure in DeFi sectors, indicates the total value of assets deposited in Tron-based DeFi protocols. At the forefront of Tron’s DeFi landscape is “Just Cryptos,” ranking first with a TVL of $7.1 billion. Following closely is “JustLend DAO,” a lending and staking platform with a TVL of $6.4 billion.…

Enjin, a pioneering force in Web3 development, has announced the highly anticipated relaunch of its Enjin Spark Program, marking a significant leap forward in the evolution of decentralized gaming ecosystems. Originally introduced in 2019, the Spark Program served as a catalyst for the integration of over 125 games into the burgeoning Web3 landscape. Now, with a suite of enhanced features and benefits, the reimagined Spark Program is poised to drive even greater adoption and innovation within the Enjin ecosystem. Launched in 2017, Enjin emerged as a pioneer in Web3 development, introducing the first gaming-specific development tools on Ethereum and designing…

A recent analysis paints a rosy picture of Bitcoin’s future, even with a conservative growth projection. Taking to X, Michael Sullivan predicts that the world’s most valuable coin could reach a staggering $245,000 within just five years if it maintains a mere 30% compound annual growth rate (CAGR). Bitcoin Projections: From Conservative To Exponential Growth The analysis explores various growth possibilities for Bitcoin. Assuming the coin’s growth rate significantly contracts in the coming years, growing at just 30% CAGR, Sullivan projects the coin to reach $245,000 by 2029. A decade later, it will be at $909,000; by 2039, each coin…

The legal actions against crypto exchanges appear to be an attempt by the SEC to influence policy makers and legislators, the bank said. If the SEC denies approval of spot ether ETFs it will likely face a legal challenge and lose, the report said. JPMorgan said the lack of approval this month is not a huge disappointment as it was widely expected by the market. The Well’s Notice issued to trading platform Robinhood (HOOD) by the U.S. Securities and Exchange Commission (SEC) should not pose an obstacle to the eventual approval of spot ether (ETH) exchange-traded funds (ETFs), JPMorgan (JPM)…

EigenLayer has finally kicked off its long-awaited EIGEN airdrop, but it will be a while before users can trade their new tokens – since the project has made them non-transferable. The Eigen Foundation, a non-profit introduced last week by Eigen Labs, the team behind EigenLayer, opened up “claims” on EIGEN on Friday. Officials have said they would become transferable at a yet-to-be-defined later date. Speculators on decentralized exchanges like Aevo and Hyperliquid are currently valuing EIGEN at around $9. EIGEN’s total supply at launch is 1,673,646,668.28466 tokens, which would give the token a fully diluted value of $15 billion. Both…

Cryptocurrency exchange OKX has announced plans to list the NOT (Notcoin) token, offering an innovative staking opportunity for TON (Telegram Open Network) holders. OKX Announces Listing of NOT (Notcoin) Token Offering Staking Opportunity to TON Holders The listing marks a significant development in the cryptocurrency ecosystem and gives TON holders the chance to stake their tokens in exchange for NOT tokens and thus join the thriving Notcoin community. According to reports, TON holders will have the opportunity to stake their TON tokens and receive NOT tokens in return. Each user will have the right to stake up to 4,000 TONS,…

In mathematics, Jasper Zhang figures to be a sort of Zeus. He says he won gold medals at math olympiads in China and Russia, and it took him just two years to get a Ph.D. from the University of California, Berkeley. Now he’s trying his hand at solving a key problem at the intersection of two of the fastest-growing but most complicated areas – blockchain and AI. Hyperbolic, the two-year-old startup that Zhang leads focused on decentralized AI computing, said Thursday that it is introducing a protocol called “Proof of Sampling (PoSP),” aimed at addressing challenges with trust in decentralized…

Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million. In a letter to shareholders on Tuesday, the firm said Grayscale accounted for $156 million of its first quarter revenue. Thanks to sharp rises in the price of bitcoin (BTC) and ether (ETH), that amount was about flat from the previous quarter despite heavy redemptions and a reduced management fee following the conversion of the Grayscale Bitcoin Trust (GBTC) to an ETF.. “While Grayscale expected outflows alongside increased competition under the ETF wrapper, Q1 revenue…

TL;DR Jupiter aims to launch its mobile application by July, having become responsible for 50% of Solana’s computational load. Co-founder Siong revealed during the Solana Crossroads 2024 conference that they are working on a mobile version for late May or early June. Despite ups and downs, the JUP token has seen significant growth, backed by the platform’s success in transactions and trading volume. Jupiter, the prominent DEX aggregator on Solana, is in the spotlight with its next foray into the mobile world. Siong, one of its co-founders, announced at the Solana Crossroads 2024 conference that the Jupiter mobile app is…

DWF Labs, a major player in the cryptocurrency industry, has delivered a strong counter-statement to accusations of market manipulation voiced recently by the Wall Street Journal (WSJ). In a long message to its respected partners, DWF Labs leaves no room for ambiguity when dismissing the allegations. It denounces them as misinterpretations of the facts that bear no evidence to support them. To our valued partners: We want to clarify that many recent allegations reported in the press are unfounded and distort the facts. DWF Labs operates with the highest standards of integrity, transparency, and ethics, and we remain committed to…