Author: NBTC

Layer 3 blockchain project Orbs has unveiled its blueprint for enhancing DeFi trading by adding additional capabilities to decentralized platforms. Its solution brings CeFi-level execution to DeFi platforms, delivering a superior onchain trading experience. Orbs’ decentralized L3 infrastructure has been designed to support advanced onchain trading through the provision of deep liquidity on demand. This enables CeFi-level execution capabilities for DeFi platforms across the omnichain landscape. By providing DeFi protocols with aggregated liquidity, Orbs enables DEXs to deliver onchain pricing that is competitive with centralized exchanges. In addition to enhancing spot trading, Orbs’ technology can support onchain derivatives, allowing leveraged…

American internet personality Adin Ross ranks among the top streamers by wealth, with his income stemming from a diverse portfolio. Over the years, Ross’ status as a streamer has risen significantly, allowing him to host high-profile individuals such as Republican presidential nominee Donald Trump. Ross’ financial endeavors have earned him a purported net worth of about $16 million. Notably, part of this net worth stems from investments in cryptocurrency and the stock market. Indeed, his portfolio is heavily reliant on the crypto market, like that of many influencers, such as Andrew Tate. While his specific stake in cryptos is not…

Aerodrome, a central marketplace for liquidity and trading on Base (an Ethereum L2 of Coinbase), has made a significant development. As per the platform, it has witnessed a huge 37% jump in comparison with Uniswap (the automated crypto exchange on Ethereum) over the last thirty days. The company revealed this development on its official account on X. Aerodrome Outpaced Uni V3 by 37% ✈️In the past 30 days, Aerodrome recorded $4.27 billion in volume for the $WETH – $USDC pair. Aerodrome exceed Uni V3 volumes every day.Aerodrome is the hub for ecosystem pair trading on @base. 🔵 pic.twitter.com/SLyhaMdnFO — Aerodrome…

MetaTrust Labs and ChainSwap have formed a strategic partnership valued at up to $1 million to enhance cross-chain financial privacy, the companies announced on Wednesday. The partnership uses a memorandum of understanding (MOU) to establish a framework for collaboration. The partnership is built on extensive prior audits and technical exchanges, establishing a strong foundation of trust between the two firms. Its goal is to develop cutting-edge financial privacy tools, creating a safer and more efficient cross-chain transaction ecosystem. “This collaboration is a crucial step in our commitment to delivering secure and seamless transactions across blockchains. Together, we will elevate the…

The markets are seeing red. Mark Wong, HashKey OTC’s head of trading, chatted with Blockworks about the market, giving a little peek under the hood at the overall vibe. “What’s interesting is that there’s been no significant technology of yet to build a catalyst. We do feel that sentiment has been basically revolving around most of the same players,” he told me. The big catalyst earlier this year was clearly the bitcoin ETFs, which led bitcoin to hit a fresh all-time high following the previous bear market. But now, outflows could signal a “true correction” according to CoinShares, which noted…

Decentralized finance (DeFi) protocol Gyroscope said Thursday it roll out a new yield-generating version of its stablecoin. “Savings GYD,” or sGYD, will aim to pay out 12%-15% annualized yield to token holders, variable to market conditions,” the team said. “The revenue comes from the tokens backing assets that are placed in segregated vaults across various DeFi investment strategies.” The protocol “may be able to source” additional revenue from fees from its high-yield liquidity pools, launched earlier this year, the group added. Gyroscope hopes to attract decentralized autonomous organizations (DAO) to allocate a part from their treasuries in sGYD to earn…

The collapse of crypto exchange FTX in November 2022 highlighted the dangers of investment platforms that are illegally co-mingling funds, whereby customers’ deposits are misused for other trades or investments. In response to such events, Algoz rolled out its Quant Pro investment vehicle, in which managers trade the collateral value of investor holdings without taking control of the assets themselves. Crypto asset manager Algoz has teamed up with Zodia Custody, the cryptocurrency custodian service backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, for its digital asset investment vehicle. Raanana, Israel-based Algoz aims to maximize its protection…

The total value of assets locked in Blast stands at approximately $847 million, according to DefiLlama. However, Blast’s own site reports a higher figure, indicating over $1.4 billion in assets. This difference highlights the different methodologies used in calculating Total Value Locked (TVL) and underscores the growing interest in Blast’s ecosystem. Top Blast Protocols by Total Value LockedThe total value of assets locked in @blast is around $847M, according to @DefiLlama (and over $1.4B according to #Blast site). Let’s compare the top protocols on Blast by current TVL in USD, including @ThrusterFi, @__ringprotocol,… pic.twitter.com/7Hx2WRgRKF — TOP 7 ICO | #StandWithUkraine🇺🇦…

The cryptocurrency market experienced a very deep decline today, led by Bitcoin. The world’s largest cryptocurrency has fallen to $60,567, which it has not seen since the beginning of May, and is trading at $60,734 at the time of writing. The daily decline rate in BTC was approximately 4%. Chart with daily candles showing the performance of the BTC price. During the period when Bitcoin lost so much value, ounce of gold gained 0.32% in value in the last 24 hours and is currently at the level of 2,328 dollars. The main reason for the decline in BTC price is…

Ethena Labs introduced USDe, a synthetic dollar designed to offer a scalable and crypto-native solution for stable value storage and transactions. Let’s find out more on the stablecoin and how it works. Understanding USDe: The Basics USDe is a synthetic stablecoin backed by collateral in the form of Ethereum (ETH) and Bitcoin (BTC). Unlike traditional stablecoins like USDC or USDT, which are pegged to fiat currencies and rely on reserves held in banks, USDe’s value is maintained through a mechanism known as delta hedging. This method involves using derivatives to manage the risk associated with fluctuations in the value of…