Author: NBTC
The BlackRock USD Institutional Digital Liquidity (BUIDL) fund paid out over $2 million in dividends in July, marking a record monthly payout. According to Etherscan data, BlackRock distributed $2.12 million to investors in July, a 16% increase from June. Since its launch, the fund has paid out more than $7 million in dividends, with yields rising each month. BlackRock’s BUIDL July Dividends Reach $2.1 Million BUIDL, BlackRock’s first tokenized fund, was launched on the Ethereum blockchain in March. It has since reached a market value of approximately $522 million, as per Etherscan data, and quickly surpassed established funds like Franklin…
Ethereum’s Layer 2 ecosystem is experiencing a surge in growth, driven by rising optimism over the potential approval of a spot ETH exchange-traded fund (ETF). The top five projects by Fully Diluted Valuation (FDV), as tracked by analytics platform CryptoRank.io, are leading the charge. Top 10 Ethereum Layer 2 Blockchains by FDV@Optimism – $7.33B@arbitrum – $6.91B@Starknet – $5.57B@0xMantle – $4.31B@zksync – $3.15B@Immutable – $2.46B@taikoxyz – $2.19B@blast – $1.57B@MantaNetwork – $817M@BuildOnCyber – $412M pic.twitter.com/iwkm93fLKm — CryptoRank.io (@CryptoRank_io) July 12, 2024 These projects – Optimism (OP), Arbitrum (ARB), Starknet (STR), 0xMantle (MNT), and zkSync (ZK) – are each making significant strides in…
Ras Al Khaimah, UAE – Ibanera, a trailblazer in digital banking, is setting the stage for its next big leap with a strategic partnership with RAK Digital Assets Oasis (RAK DAO), the pioneering Free Zone dedicated to digital assets. This collaboration opens new doors for Ibanera to tap into the dynamic Web3 landscape and fintech opportunities in the Middle East.—Ibanera’s entry into the region through RAK DAO’s extensive network marks a significant milestone in its global expansion strategy. By aligning with RAK DAO, Ibanera gains access to an array of resources designed to propel growth and innovation. This includes a…
Bitcoin (BTC) long-term holders (LTHs) are the investors with the most profit-taking and less trading activity in crypto currently, according to the latest “The Week On-chain” report by Glassnode. Despite their daily on-chain volume of 4% to 8%, the LTH represents up to 40% of the profit-taking movements. “Whilst there are occasional bursts of spending activity for each cohort, the frequency of high-spending days increases dramatically during the euphoria phase of a bull market,” the report points out. “This highlights the relatively consistent behavior pattern of long-term investors taking profits during periods of rapid price appreciation.” This behavior underscores the…
The latest jobs report has left the Fed in a difficult position, potentially leading to a hard landing for the economy. Unexpected weakness in employment data has prompted the Fed to consider significant interest rate cuts in the coming months, according to The Wall Street Journal. Major financial institutions, including Citi and JPMorgan, predict that the Fed will implement a series of rate cuts: 50 basis points (bps) in September, another 50 bps in November and 25 bps in December. CME’s data shows the probability of a 25 basis point cut in September as 78%, and the probability of a…
Several prominent crypto projects with unlocking schedules have approached or exceeded the 50% mark in token unlocks. The crypto community is closely monitoring these events to gauge potential challenges and opportunities presented by such substantial token releases. For instance, Axie Infinity, a leader in the blockchain gaming sector, currently has 35.36 million AXS tokens (13.10%) locked, while 210.85 million AXS tokens (78.09%) are unlocked. This high percentage of unlocked tokens likely contributes to AXS’s lackluster one-year performance, with the token trading at $5.74, reflecting a 10.40% loss over the past year. Interestingly, on Tuesday, Axie Infinity plans to distribute $12.23…
Nakamoto Games is preparing to launch the full NAKA mobile app with over 35 games. The NAKA multichain wallet for desktop and Telegram is in final testing. Frontend and backend teams are focused on refining game room functions and smart contract connections. Nakamoto Games is accelerating the launch of the full NAKA mobile app, aiming to release it with over 35 games. This development follows the initial success of their standalone app. 🚀 Nakamoto Games Development Update – Week #32 🌟Core Focus: Accelerating the Full $NAKA Mobile App Launch! 🔥At Nakamoto Games, our primary focus is the imminent release of…
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened recently in the DePIN sector: peaq ecosystem surpassed 30 projects, Privasea completed node sale, mobile app Click partnered with Campaign Verify to protect voters from political misinformation. peaq Ecosystem Surpassed 30 Projects July was a good month for peaq. The Layer-1 blockchain, designed to power Decentralized Physical Infrastructure Networks and Machine Real World Assets, celebrated several major milestones, including surpassing 30 projects within its ecosystem. According to Messari’s report, “peaqosystem” includes over 850,000 machines, vehicles, robots and other devices, and manages…
Bitcoin’s (BTC) weekend share of trading volume has reached an all-time low in 2024, with a trending dominance of weekdays. This trend highlights an important shift for the leading cryptocurrency, approaching the traditional finance market behavior as institutions take over. This data was recently highlighted in a Kaiko report comparing the trading volume on weekends to weekdays. Notably, Bitcoin registered a 16% share of the trading volume during the weekends from January to June. This marks an all-time low for the same period, with Kaiko looking at data from seven BTC pairs since 2012. Previously, higher lows were in 2022…
The Pudgy Penguins collection soared to the top of the non-fungible tokens (NFTs) market on Monday with over US$1.14 million in daily sales, according to CryptoSlam data. This surge in sales was driven by 50 unique buyers and 54 sellers, resulting in 62 total transactions for the day. The average price for a Pudgy Penguin NFT stood at approximately US$18,529. The collection’s all-time sales volume now stands at nearly US$396.88 million. It’s the world’s 18th-largest collection, about US$3 million away from Cool Cats and the 17th spot. The second-ranking collection for the day was Milady Maker, with a daily sales…