Author: NBTC

A prominent decentralized finance (DeFi) project, Flamingo Finance ($FLM), saw the highest weekly growth on Total Value Locked (TVL). According to data shared by Phoenix Group, which is derived from DeFiLlama, FLM hit a raised TVL of 153%. With a relatively modest market capitalization of $16.5 million, the protocol now has $15.2 million in locked assets. TOP PROJECTS BY WEEKLY #TVL GROWTH$FLM $SOLV $NOTE $QUICK $HYPE $CHESS #Polymarket $BLUE $PENDLE $LON $VELO $XCN $ENA $ZEUS $MORPHO pic.twitter.com/BGDOStfazW — PHOENIX – Crypto News & Analytics (@pnxgrp) May 18, 2025 $SOLV and $NOTE were two of the top gainers after FLM. Total…

While the largest altcoin Ethereum (ETH) has attracted attention with its tremendous rise in recent days, there are various ideas about the reasons behind this rally. While some analysts stated that the ETH price rose due to increasing institutional demand, CF Benchmarks argued that the increase in ETH was not due to new institutional demand, but rather the closing of short positions. Ethereum’s recent price rally is being driven by the closing of short positions rather than new bullish bets or new long positions, according to Sui Chung, CEO of UK-based crypto index provider CF Benchmarks. The sharp upward move…

Former US President Joe Biden’s Solana-based memecoin Jeo Boden has surged 42% in the last 24 hours after his office broke the news of his prostate cancer diagnosis on Sunday. According to market tracker DEXScreener, the token trades at $0.003578, with an intraday volume of $3.7 million. The satirical nod to US President Joe Biden experienced a sudden price breakout in the early hours of Monday, followed by a price correction after speculative traders rushed in and out of the market. Several BODEN holders let go of the coin following the president’s official announcement that he would not seek re-election…

As Canada’s political landscape resets following a closely watched federal election, the country’s approach to cryptocurrency policy is at a critical juncture. As a Canadian, I’ve been closely following how the outcome of the 2025 election would dictate the country’s approach to crypto. With Pierre Poilievre’s defeat and Mark Carney retaining the title of Prime Minister, Canada now faces a pivotal moment in its digital asset policy. Poilievre had positioned himself as a defender of the crypto space, backing pro-crypto legislation and calling for the country to become a blockchain global hub. Carney, on the other hand, is the former…

Crypto markets are down 0.48%, reflecting the drop in stock markets and technical pressures on Bitcoin. Crypto markets faced minor selling pressure from both macroeconomic factors and Bitcoin technicals. On Tuesday, May 6, the overall crypto market cap declined 0.54%, falling below $3 trillion to $2.94 trillion. The main driver of the decline mirrored the same factors weighing on equities. The Dow Jones lost more than 400 points, or 1.00%, while other major indices also fared poorly. Typically, Bitcoin (BTC) and the broader crypto market, are correlated with stocks, which likely means that similar factors influence both. You might also…

BounceBit, a crypto infrastructure provider using features from both centralized (CeFi) and decentralized finance (DeFi), has executed a bitcoin (BTC) derivatives trading strategy using BlackRock’s yield-generating tokenized money market fund, BUIDL, to enhance returns. The strategy, to be rolled out to institutions and retail users, consisted of two main components: a bitcoin basis trade, involving a long position in the spot market while shorting futures, and a short position in BTC put options, both collateralized by BUIDL tokens. The basis trade, also known as cash and carry arbitrage, alone generated an annualized yield of 4.7%, with put option writing contributing…

Cryptocurrency analytics firm CryptoQuant has suggested that Ethereum may have bottomed against Bitcoin, which could signal the start of a new altcoin season. According to CryptoQuant, the ETH/BTC price ratio is up 38% in the past week, recovering from the lowest level since January 2020. This ratio historically marks relative lows for Ethereum and is seen as a harbinger of periods when altcoins outperform Bitcoin. The company’s analysis claimed that Ethereum had entered the extremely low valuation zone compared to Bitcoin. In particular, the ETH/BTC MVRV metric fell to such low levels for the first time since 2019. CryptoQuant recalled…

Binance, the world’s leading cryptocurrency exchange, stirred the crypto community with a cryptic X post on May 15, 2025, featuring a design filled with the mathematical symbol “π” (Pi). While the exchange did not mention anything related to the mobile mining blockchain in the tweet, pioneers made the most of it as expected. The post, captioned “This is what happens when devs touch art with 0 design sense,” has ignited speculation among Pi Network enthusiasts. Many interpreted the post as a subtle nod to Pi Network due to the use of the “π” symbol. However, with no mention by Binance…

Digital assets service providers in the UK may need to start reporting user data to His Majesty’s Revenue and Customs (HMRC) by 2027. The regulator disclosed this in a recent announcement, stating that it is due to a new regulatory framework. According to the HMRC, which is responsible for tax collection, the country is adopting the Organisation for Economic Development (OECD) Crypto Asset Reporting Framework (CARF) and will extend it to domestic reporting. Under the new framework, the regulator expects all companies categorized as reporting crypto asset service providers (RCASPs) based in the UK to collect and report user data.…

Bitcoin (BTC) tightened its grip on the crypto market on Tuesday, with dominance surging to fresh four-year high as crypto traders rotated into the market’s anchor asset ahead of tomorrow’s key Federal Reserve policy meeting. BTC held steady around the $94,000-$95,000 area, up a modest 0.6% over the past 24 hours and extending a tight-range trading pattern that has persisted since the weekend. Meanwhile, the broad-market CoinDesk 20 Index slipped 0.3% lower, with Ethereum’s ether (ETH), and native tokens of Sui (SUI), Aptos (APT) and Polygon (POL) dragging the benchmark lower. A check on traditional markets showed stocks booking back-to-back…