Author: NBTC
Ledn processed $690 million in loans in the first quarter, 84% of which were to institutions. The firm has doubled its loan book since November 2022. The rise was attributed to spot bitcoin ETF approval in the U.S. Crypto lending firm Ledn processed more than $690 million in loans in the first quarter, its most successful quarter since the company’s inception in 2018, almost five times the value of the previous three months. The vast majority, more than 84%, was directed to institutions, with demand ballooning after the approval of spot bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. in…
Salvor, a high-volume peer-to-peer (P2P) NFT and memecoin lending protocol built on Avalanche C-Chain, has entered the Avalanche Rush Program with a total amount of up to $1M in $AVAX, provided by the Avalanche Foundation (the Foundation). Salvor offers a dynamic P2P lending and borrowing platform, allowing users to leverage their NFTs and memecoins as collateral to secure loans in AVAX, enhancing liquidity and financial flexibility within the Avalanche ecosystem. Avalanche Rush is an ongoing liquidity mining program that has helped turbocharge Avalanche DeFi since 2021 while creating a more accessible, decentralized, and cost-effective Avalanche ecosystem. During Salvor’s Avalanche Rush,…
Market intelligence firm Glassnode says Ethereum (ETH) has been lagging behind Bitcoin (BTC) for one key reason. In a new analysis, Glassnode says that Ethereum has not seen the same level of increased capital from new buyers that Bitcoin has in the current market cycle, which drove the crypto king to new all-time highs (ATHs). The analysts say that the approval of spot Bitcoin exchange-traded funds (ETFs) was likely a main driver for the increase in short-term holders who bought BTC in the last 155 days. “In the run-up to Bitcoin’s all-time high on March 14th, there was a noticeable…
Robinhood Markets, the trading app known for its commission-free trading and role in the 2021 meme stock frenzy, is expected to report its highest quarterly revenue in nearly three years, driven by a steady rebound in equity markets and crypto trading. According to an initial report from Reuters, there has been a resurgence in global markets fueled by bets on interest rate cuts, has attracted traders back to the platform, resulting in higher transaction-based revenue for the retail investor-focused brokerage. Robinhood’s shares have surged 58% in the first three months of the year, marking the sharpest quarterly stock increase since…
Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately 1.1 billion TUSD, which then plummeted to just 612 million. Supply Slash Sees TUSD Fall From Top 5 Stablecoin Rankings to 8th Position Previously ranked among the top five dollar-pegged cryptocurrencies by market capitalization, TUSD now finds itself in the eighth spot. Its supply has been consistently diminishing, with three-month statistics indicating a starting point of around 2.4 billion. As recently as March 19, the supply had fallen to 1.1 billion, leading to the current count…
Former New England Patriots and Tampa Bay Buccaneers tight end Rob Gronkowski will pay $1.9 million to settle claims brought against him by former customers of Voyager Digital, a cryptocurrency lender. The settlement, which is still subject to approval by the court overseeing the civil lawsuit, will see the National Football League star known as “Gronk” pay into a $2.4 million pool alongside National Basketball Association player Victor Oladipo and racecar driver Landon Cassill, according to a court filing dated May 3. Gronkowski became a “brand ambassador, Voyager shareholder” and holder of Voyager’s VGX token in September 2021, a company…
In a move aimed at protecting users and optimizing trading conditions, Binance, one of the world’s largest cryptocurrency exchanges, announced the removal of certain spot trading pairs following a routine review of their offerings. Binance Announces Delisting of Certain Spot Trading Pairs Binance will delist and halt trading of the following spot trading pairs effective May 10, 2024 at 06:00: AAVE/BNB DEGO/BTC LTC/TUSD SAND/ETH The decision to remove these trading pairs is based on Binance’s periodic reviews, which consider factors such as liquidity and trading volume. Binance aims to provide a high-quality trading environment for its users by periodically evaluating…
Morgan Stanley has filed prospectus to add BTC exposure in two of their funds. Kraken CEO Dave Ripley said the market is a bit ahead of schedule after $73,777 ATH pre-halving. On the one-minute time frame, $66,500 and $66,754 are crucial buyer and seller congestion levels, respectively, on volume profile metrics. Bitcoin (BTC) price remains range-bound, holding above the $63,000 level, while its upside is capped below $68,000, going against or delaying the assumption that the fourth halving would be a ‘sell-the-news’ outcome. While Kraken leaves a lot to ponder about following the halving, reports show that Morgan Stanley wants…
Euclid Protocol has announced today its shared liquidity layer that connects Cosmos, Solana, and Ethereum Virtual Machine-based ecosystems, powered by virtual pools created on Nibiru Chain. This effort is aimed at consolidating fragmented liquidity across the blockchain ecosystem. “We are excited to finally reveal the Unified Liquidity Layer, Euclid’s answer to the constantly growing challenge of fragmented liquidity,” said Georges Chouchani, founder and CEO of Euclid. “Euclid lays the groundwork for the next era of DeFi, aiming to provide users with a chain-agnostic modular experience. Its primary goals include ensuring scalability and fostering an efficient market environment.” The announcement points…
Talk-show host Jimmy Kimmel blasted collectors of former U.S. President Donald Trump’s NFT projects as “suckers” and “freaks” late Wednesday—right as secondary market prices for the assets were taking off. The floor price—or price of the cheapest NFT listed on a marketplace—of Trump Digital Trading Cards minted on Ethereum scaling network Polygon has doubled over the past day to $434, according to data NFT Price Floor. Nearly 90 NFTs from the collection have traded hands during that span. Kimmel’s attacks on NFT holders came as Trump hosted eligible collectors at an event at his Mar-a-Lago resort, where he made various…