Author: NBTC
Sonic SVM, a key player in the Solana Virtual Machine (SVM) ecosystem, has announced the public sale of its HyperFuse Nodes, according to the most recent updates shared with Finbold on Wednesday, September 18. The sale represents a fresh opportunity for the community to take part in the expanding SVM landscape and secure a stake in the future of the Solana (SOL) network. HyperFuse Tier 1 Node Raffle STARTS NOW! 🚀📍 Join here: https://t.co/gTWqVKSnmUOnly 24 hours to participate: · Ticket Price: $155· 3,000 Tier 1 nodes, unlimited tickets· Unlimited nodes per address.Guide for #HyperFuseNode Raffle: https://t.co/TKAQJtZvLK pic.twitter.com/6SiZY8LGD8 — Sonic (Odyssey…
A widely followed crypto analyst is warning that one metric is flashing a bearish signal for Bitcoin (BTC). In a new video, analyst Nicholas Merten tells his 509,000 YouTube subscribers that spot Bitcoin exchange-traded funds (ETFs) have started to see daily outflows since late August, suggesting a market downtrend is taking shape. “We’re not seeing major buyers come in to really scoop up all this Bitcoin. We’re seeing a total net outflow of Bitcoin here, and some even coming not just from GBTC, but also from the ARK ETF, from the new players here on the block. More outflows are…
The Ethereum network maintained a staking rewards rate near 3% in the third quarter of 2024, showing a slight decline from over 3.5% earlier this year. This yield remains well below that of other popular proof-of-stake networks, such as Cosmos, Polkadot, Celestia, and Solana. Staking rewards for these competing networks range between 7% and 21%. Ethereum Continues to Underperform in the Bull Market Lower staking rewards impact Ethereum’s ecosystem in two ways. While reduced yields help curb inflation on the network, which can appeal to long-term holders, they also discourage some new or current validators seeking more competitive returns. According…
Ripple CTO David Schwartz, also known as JoelKatz, shared data showing record-high U.S. federal interest payments, which have now surpassed $1 trillion annually. Probably nothing. https://t.co/G21IhCuNid — David “JoelKatz” Schwartz (@JoelKatz) October 29, 2024 This surge reflects a significant change in the U.S. economy, driven by higher interest rates and increased national debt. This trend is raising concerns about fiscal sustainability and future federal spending. Decades of Growth in Interest Payments The cost of federal interest payments has grown steadily since the early 1980s, reflecting the increase in national debt. Measures to reduce inflation in the 1980s and 1990s also…
Pseudonymous Shiba Inu social media marketing lead Lucie has addressed the SHIB community with a post that highlights the importance of the TREAT token, claiming that it will be a key element to the approaching “mysterious evolution” of the Shiba Inu ecosystem. Also, she announced the recent case of the Shiba Inu team supporting medical innovations. “SHIB ecosystem on brink of mysterious evolution” Lucie’s post stated that the Shiba Inu ecosystem was “on the brink of a mysterious evolution.” The marketing lead also highlighted that the TREAT token will play a pivotal role in it as soon as it gets…
After a brief rally to $58,492, Bitcoin’s price has fallen and is currently trading at $56,753. BTC has struggled to break through $60K, consolidating between $56K and $58K. Bitcoin’s U.S. spot ETFs have seen six consecutive days of outflows, with $37.29 million recorded in net outflows. Bitcoin price movement has drawn significant attention from traders over the past month, with many anticipating a recovery. However, the cryptocurrency has struggled to break through the $60,000 resistance zone. Since the start of September, Bitcoin price fluctuations have remained between $55,500 to $58,000. In the past 24 hours, BTC reached a high of…
Ethereum’s user experience on layer-2 networks has come under scrutiny. Camila Russo highlighted the challenges with cross-L2 operability on X, prompting a response from Ethereum co-founder Vitalik Buterin. Russo pointed out that transacting across L2 networks is challenging and painful for seasoned crypto users. She argued that while Ethereum’s multi-chain structure promises flexibility, it remains difficult for crypto users and largely inaccessible for newcomers. Ethereum people I love you and I love EthereumBut you gotta stop minimizing how bad the L2 experience is.If you’re a crypto native, it’s bad. More than bad, it’s PAINFUL. That’s if you already use crypto.…
A trade association for the world’s airlines is set to integrate the digital yuan into its billing systems by the end of 2024 to enhance payment options. The International Air Transport Association plans to incorporate China’s central bank digital currency — also known as digital yuan or e-CNY — into its billing and settlement systems by the end of 2024, reflecting the growing adoption of digital currencies in global finance. In a Times Aerospace report on Oct. 29, IATA’s senior vice president for financial settlement and distribution services Muhammad Albakri emphasized the need for adaptation in response to evolving payment…
AltLayer represents a decentralized protocol aimed at improving rollups by introducing the concept of Restaked Rollups. This approach provides rollups, derived from various rollup stacks like Optimism, Arbitrum Orbit, and others, with increased security and decentralized functionalities. The network’s native token, ALT, is set to be available on Binance, giving users access to its suite of offerings. The article delves into AltLayer’s components, including the ALT coin’s role and acquisition process. Contents hide 1 What Does AltLayer Offer? 2 How Does ALT Coin Function? What Does AltLayer Offer? AltLayer facilitates the creation of both native and restaked rollups using Optimism…
Anthony Scarramucci emphasizes that Bitcoin is a store of value, arguing that it would close in on gold’s $17 trillion market cap. SkyBridge Capital co-founder and managing partner Anthony Scaramucci has predicted that Bitcoin will hit $150,000 to $200,000 soon enough. In an interview with the Schwarb network, the crypto OG noted that this would happen as the number of Bitcoin wallets hits 1 billion. Notably, Bitcoin wallets are currently on the rise amid a surge in adoption. Data from Chainalysis shows there were over 460 million Bitcoin wallets as of March 2024, with 10% of them holding at least…