Author: NBTC
The growing adoption of Ethereum in DeFi, NFTs, and gaming demands innovative solutions to handle increasing transaction volumes. The maturity of Layer 2 solutions alongside Ethereum 2.0 will mark a major shift in blockchain scalability. Ethereum, since its inception in 2015, has been the cornerstone of decentralized finance (DeFi), NFTs, and smart contract applications. However, as the Ethereum network gained popularity, its scalability issues became evident. High gas fees and network congestion have often made it expensive and inefficient for users. To address these challenges, Ethereum Layer 2 solutions have emerged as crucial components for scaling Ethereum in 2025 and…
Shiba Inu (SHIB) recently drew the market’s attention with a remarkable surge in burn rate. Notably, the SHIB burn rate surged over 1,000%, drastically reducing the amount of tokens in circulation. This move has heightened investor anticipation for a bullish SHIB price movement. Soaring SHIB burn rate According to Shiburn data, the SHIB burn rate increased by 1,068% within the last 24 hours. As a result, 51,763,782 SHIB tokens were sent to dead wallets and permanently removed from circulation. HOURLY SHIB UPDATE$SHIB Price: $0.00002657 (1hr 0.33% ▲ | 24hr -15.22% ▼ )Market Cap: $15,674,923,016 (-15.09% ▼)Total Supply: 589,257,325,374,679TOKENS BURNTPast 24Hrs:…
This is the third in a series of stories examining the crypto industry’s high-stakes 2024 foray into politics and campaigning. The first explored the electoral track record of Fairshake PAC’s strategy and the second its intense use of a 2010 Supreme Court stance. The leaders of the companies responsible for the river of money that flooded U.S. political shores this year have already benefited tremendously from the outcome of last month’s election — increasing their personal fortunes by billions of dollars, far outpacing the large spending they devoted to crypto-friendly candidates. Coinbase Inc. (COIN) CEO Brian Armstrong and his company…
ZNS Connect, a decentralized naming solution provider for Web3, has announced its launch on Sonic Labs mainnet. By going live on the mainnet of Sonic Labs, ZNS Connect targets to empower users with streamlined customization in the world of decentralized domains. The platform disclosed this milestone on its official social media account. ZNS Connect live on @SonicLabs Mainnet🏎️💨L.❤️🔥We are thrilled to announce that we are now live on the @SonicLabs mainnet! It’s time to show us just how fast you really are.Mint your .speed domain now https://t.co/t6nJrnKJJX and showcase your awesomeness by customizing your… pic.twitter.com/oO52nvaBzx — ZNS CONNECT (@ZNSConnect) December…
The Head of Research at Intotheblock.com revealed that on Christmas Day, someone stashed 125,000 ETH into the decentralized finance (defi) platform Aave. The platform has been buzzing with activity throughout the last quarter of the year. $417 Million in Ether Stashed in Aave on Christmas On Dec. 25, amidst the holiday festivities, someone using an account linked to the crypto exchange HTX funneled 125,000 ETH, valued at $417 million, into Aave. This defi protocol lets users lend and borrow digital currencies, offering features such as overcollateralized loans and flash loans. Aave spans across 13 different blockchain networks. Source: Intotheblock.com’s @LucasOutumuro…
The NFT market has evolved remarkably from its speculative beginnings, becoming an integral part of the digital economy by 2025. Beyond art, NFTs now encompass gaming, virtual real estate, fashion, and tokenization of real-world assets, reshaping industries and redefining ownership in the digital age. NFT Market Insights for 2024 The NFT ecosystem in 2024 demonstrated both growth and refinement. Trading volumes exceeded $2 billion, showcasing sustained interest despite a challenging macroeconomic landscape. By November, monthly trading volume rose to $698 million—a 22% increase from October. However, the number of sales dropped by 11% to 3 million transactions, indicating a shift…
India lost ₹6,000 crore in tax as crypto traders shifted to foreign platforms. Offshore exchange activity by Indians rose 77% despite government restrictions. Reducing TDS and amending tax laws could recover ₹9,169–₹18,338 crore in five years. India is losing significant revenue due to its current crypto taxes policies, as revealed in a report by the Esya Centre. The country missed out on ₹6,000 crore in taxes as crypto traders moved to foreign platforms. If the policies remain unchanged, India could lose an additional ₹17,700 crore over the next five years. Why Is India Losing Crypto Revenue? In July 2022, India…
Recently, Clearpool entered into a partnership agreement with WELF Finance, under which Ozean, Clearpool’s blockchain for the yield of real-world assets (RWA), will transform private banking in the DeFi space. By combining the banking system and blockchain solutions, this partnership aims to bring 300 million assets under management (AUM) by 2025. Private Banking Meets Blockchain: Ozean & WELF Partner to Bring $300M AUM On-Chain.$WELF has officially partnered with @ClearpoolFin . Ozean, the blockchain for real-world asset (RWA) yield developed by Clearpool, to bring private banking services to the decentralized… pic.twitter.com/BcGv3gK7Jy — Welf Finance (@WelfFinance) December 23, 2024 WELF’s Vision for…
In the Thanksgiving weekend, Bitcoin enjoyed strong momentum while maintaining a positive Coinbase Premium Gap and indicating that demand on Coinbase remains intact. The appeal of the cryptocurrency to investors is underlined by its superior performance on risk-adjusted metrics: Sortino and Sharpe ratios. On the other hand, demand from new participants balances sell pressure and keeps the market from further decline. – Advertisement – Coinbase Premium Gap Signals Strong Bitcoin Buying Activity Over the Thanksgiving weekend, Bitcoin’s Coinbase Premium Gap remained in positive territory as demand for Bitcoin on Coinbase increased. This metric measures the price of Bitcoin on Coinbase…
Cryptocurrency analysis firm Santiment reported that despite declines in Bitcoin and altcoins, cryptocurrency whales remain extremely active. According to analysts, the altcoins with the highest whale activity, with a market value of more than $500 million, and whale activity increases are listed as follows: dYdX (DYDX) – 3400% Creditcoin (CTC) – 1633% Jasmy (JASMY) – 616% 1inch (1INCH) – 580% Safe (SAFE) – 566% Compound (COMP) – 454% Baby Doge Coin (BabyDoge) – 400% Mantle (MNT) – 333% Wootrade (WOO) – 300% Quant (QNT) – 285% Santiment stated in his statement that altcoins that show a sudden increase in whale…