Author: NBTC
The hashrate of Bitcoin reached a new all-time high of over 943 EH/s. The increase in mining difficulty has not hampered growth as miners invest in long-term expansion. This slow rise in price and hashrate indicates enormous confidence in the future of Bitcoin. The hashrate of Bitcoin is at an all-time high, indicating that the mining ecosystem of the network is strong once again. According to recent data, the hashrate has exceeded 943 exahashes per second (EH/s), reflecting a rise in computing power employed by miners worldwide. This new record high proves the growing seriousness of the mining activity even…
Pendle Finance’s integration into the Converge ecosystem marks a transformative moment, blending DeFi yield tokenization with institutional-grade TradFi infrastructure. This partnership enables tokenized securities and digital dollar products to benefit from sophisticated yield management strategies previously exclusive to decentralized finance. According to COINOTAG, “Pendle’s move onto Converge could redefine how traditional institutions engage with blockchain-based yield products, offering unprecedented compliance and liquidity.” Pendle Finance joins Converge to bridge DeFi yield tokenization with institutional TradFi, unlocking tokenized securities and digital dollar yield strategies. Pendle Finance and Converge: Bridging DeFi Yield Innovation with Institutional Finance The recent integration of Pendle Finance into…
The NFT market has experienced a strong rally, with sales volume jumping by 37.10% to $144.8 million. According to data from CryptoSlam, this marks the biggest weekly gain in recent months for the sector. The spike coincides with Bitcoin’s (BTC) recent climb to the $105,000 mark. Ethereum (ETH) also had a slight 2.5% increase during the previous seven days. Last week, the total global cryptocurrency market cap increased from $3.28 trillion to $3.29 trillion. Market participation has surged greatly with NFT buyers increasing by 50.56% to 1,061,348, and NFT sellers rising by 8.09% to 38,494. NFT transactions have also grown…
Circle’s $1.1 billion IPO on Thursday reflected Wall Street’s growing interest in stablecoins, but it may also strengthen institutions’ conviction toward Ethereum, analysts told Decrypt. Although Circle issues its USDC stablecoin across more than 40 different networks, more than half of the stablecoin’s circulating supply exists on Ethereum, totaling $36.7 billion, according to crypto data provider DefiLlama. According to Bitwise Senior Investment Strategist Juan Leon, USDC’s concentration on Ethereum is primarily based around the network’s prominence in decentralized finance, or DeFi. As a result, he told Decrypt that Ethereum should benefit more than other networks if USDC’s footprint grows, as…
Pump.fun continues to cash out of the Solana ecosystem after depositing around $20M worth of SOL to Kraken. For the year to date, Pump.fun has already sold an estimated $405M of SOL through exchanges. Pump.fun sent another tranche of SOL to Kraken following its latest sale of 156K SOL at the end of May. This time, the platform deposited 132,180 SOL, valued at $20.87M. Pump.fun continues to cash out roughly every two weeks or even more often while retaining its top spot as a fee producer. The recent deposits to Kraken have surpassed the whole of 2024 when Pump.fun cashed…
WASHINGTON, D.C. — As many as 16 Democrats may vote in favor of the Senate’s stablecoin bill when it gets to its final set of votes in the legislative body, Arizona Senator Ruben Gallego said Thursday. The “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025” (GENIUS) Act faced headwinds last month after Gallego led a group of Democrats against voting for cloture, a procedural hurdle that would advance legislation, citing concerns about consumer protection and other provisions. Within a week and a half, however, Gallego and other Democrats who had defected from the vote flipped, and the Arizona…
Global cryptocurrency exchange Kraken has unveiled a prime brokerage service for institutional crypto traders, offering best execution, deep liquidity, financing and 24/7 white-glove support, the company said on Tuesday. Kraken Prime offers access to liquidity representing over 90% of the digital asset market across more than 20 global venues, with round-the-clock support from an experienced account management team, according to a press release. Trades can be executed directly from qualified custody managed by Kraken Financial, a U.S. state-charted bank, Kraken said. The platform also supports asset-backed lending, T+1 credit facilities and a seamless integration with both on and off-platform liquidity…
Polyhedra has launched zkPyTorch, allowing developers to create verifiable machine-learning models using standard PyTorch code. The tool converts PyTorch models into zero-knowledge proof circuits without requiring cryptographic expertise. zkPyTorch supports privacy, model integrity, and fast-proof generation for large-scale AI applications like Llama-3. Polyhedra has launched zkPyTorch, a tool designed to make zero-knowledge machine learning (ZKML) accessible to developers using the PyTorch framework. The compiler translates standard PyTorch code into zero-knowledge proof (ZKP) circuits, enabling secure, verifiable AI inference without exposing sensitive model data or internal operations. Introducing zkPyTorch: Making Zero-Knowledge ML Accessible! Polyhedra bridges PyTorch & ZK Proofs. Now AI…
Wednesday’s softer-than-expected U.S. inflation has likely set the stage for accelerated gains in bitcoin BTC$107,915.59, potentially to $200,000 by the end of the year, according to Matt Mena, crypto research strategist at 21Shares.”If BTC breaks out of the $105K-$110K range with conviction, we could see a sharp move to $120K and, more importantly, reach our year-end price target of $138.5K by the end of the summer,” Mena told CoinDesk in an email. “Today’s CPI print may serve as a bullish catalyst for Bitcoin – and it may be the unlock that brings this target forward by several months. If momentum continues…
Cryptocurrency lending firm Maple Finance has partnered with crypto staking specialist Lido Finance to offer stablecoin credit lines backed by collateral in the form of Lido’s liquid staking token (stETH), the companies said on Thursday. The collaboration gives institutions the ability to borrow stablecoins without having to unwind their staked ETH positions. Borrowers can use stETH as collateral for credit lines underwritten by Maple’s in-house credit team, according to a press release. Lido’s stETH is a liquid version of staked ETH that can be put to work in decentralized finance (DeFi), while still earning rewards from staking. Restaking – the…