Author: NBTC

The total value of assets locked in Blast stands at approximately $847 million, according to DefiLlama. However, Blast’s own site reports a higher figure, indicating over $1.4 billion in assets. This difference highlights the different methodologies used in calculating Total Value Locked (TVL) and underscores the growing interest in Blast’s ecosystem. Top Blast Protocols by Total Value LockedThe total value of assets locked in @blast is around $847M, according to @DefiLlama (and over $1.4B according to #Blast site). Let’s compare the top protocols on Blast by current TVL in USD, including @ThrusterFi, @__ringprotocol,… pic.twitter.com/7Hx2WRgRKF — TOP 7 ICO | #StandWithUkraine🇺🇦…

The cryptocurrency market experienced a very deep decline today, led by Bitcoin. The world’s largest cryptocurrency has fallen to $60,567, which it has not seen since the beginning of May, and is trading at $60,734 at the time of writing. The daily decline rate in BTC was approximately 4%. Chart with daily candles showing the performance of the BTC price. During the period when Bitcoin lost so much value, ounce of gold gained 0.32% in value in the last 24 hours and is currently at the level of 2,328 dollars. The main reason for the decline in BTC price is…

Ethena Labs introduced USDe, a synthetic dollar designed to offer a scalable and crypto-native solution for stable value storage and transactions. Let’s find out more on the stablecoin and how it works. Understanding USDe: The Basics USDe is a synthetic stablecoin backed by collateral in the form of Ethereum (ETH) and Bitcoin (BTC). Unlike traditional stablecoins like USDC or USDT, which are pegged to fiat currencies and rely on reserves held in banks, USDe’s value is maintained through a mechanism known as delta hedging. This method involves using derivatives to manage the risk associated with fluctuations in the value of…

Prediction markets are having a moment. After Joe Biden’s halting debate performance last month led to speculation that he might drop out of the race, the blockchain prediction market Polymarket – where users had already been betting on the incumbent’s election odds – became a useful resource for gleaning public sentiment. Polymarket lets users bet on everything from sporting events to science. Although it’s illegal to bet on election outcomes in the United States, Polymarket’s global prediction markets have earned citations alongside traditional voter polls in Beltway discussions concerning the 2024 U.S. presidential election. Now, the Coinbase Ventures-backed Vega network…

A well-known blockchain network, aelf, has recently announced an exclusive collaboration with ChainGPT. aelf and ChainGPT are partnering to turn aelf into an AI-driven blockchain. This collaboration supports ChainGPT’s goal of building a decentralized Web3 sector using unique AI technologies. The platform took to its official X account to provide the details of this partnership. aelf is proud to announce our strategic partnership with @Chain_GPT to enhance our blockchain infrastructure with cutting-edge AI solutions! 🌐💡 🤖 We’ll be integrating #AI solutions from ChainGPT to improve user experiences and empower developers on our AI-enhanced Layer 1… pic.twitter.com/UxRmdlZIvc — ælf (@aelfblockchain) August…

Bitcoin (BTC) is leading crypto prices sharply lower Monday after the trustee for the defunct Mt. Gox crypto exchange said it will begin returning more than 140,000 BTC in July to clients whose assets were stolen in a 2014 hack. At press time, bitcoin was trading at $60,700, down more than 5% over the past 24 hours and at its weakest level since the beginning of May. Ether (ETH) was lower by similar amount as was the broader CoinDesk 20 Index. Read more: Mt. Gox to Begin Repayments in July; BTC Slides Under $61K Those selling today are contemplating the…

Say it quietly, but DeFi isn’t so new or novel any more. At a certain point, a technology or movement loses the upstart tag and sets about the work required to become, well, part of the fabric of modern life. This is certainly true of DeFi, which emerged as a groundbreaking financial innovation several years ago and is now intent on becoming mainstream. At its core, DeFi leverages blockchain technology to provide a broad array of peer-to-peer financial services, cutting intermediaries like banks out of the picture. Offering products such as loans, savings accounts, asset trading, and insurance, decentralized applications…

Immutable, a layer-2 network known for its contributions to non-fungible tokens (NFT) and blockchain gaming, has announced the closure of its NFT marketplace. The Immutable Marketplace will officially retire on August 13, with a complete redirection by September 27. Immutable Shifts Strategy Amid NFT Market Slump Initially, the Immutable Marketplace served as a showcase for features available through the Immutable SDK. However, with the ecosystem’s projects flourishing, Immutable now plans to support these external platforms more effectively. “As a company, rather than compete, we would prefer to support these marketplaces and see the Immutable ecosystem grow,” the team said. Read…

The shares of MicroStrategy, one of the largest corporate holders of Bitcoin (BTC), lost 90% of their value within a 24-hour time frame. At press time, MicroStrategy’s stock is trading at $124.69, demonstrating over an 81% decrease year-to-date (YTD). What’s causing MicroStrategy’s loss The 90% loss in MicroStrategy’s stock coincides with recent volatility in the Bitcoin market. Although the leading cryptocurrency increased slightly by 0.5% in the past day, it is still down by over 11% on the weekly time frame. MicroStrategy has a multi-billion dollar stake in Bitcoin. Michael Saylor, MicroStrategy’s chairman and co-founder, disclosed in an earlier U.Today…

The decline in Bitcoin (BTC) and altcoins caused fear in some investors and distanced themselves from the market. However, some investors also saw the declines as a buying opportunity and accelerated their purchases. At this point, new purchases were seen in Ethereum (ETH)-based Maker DAO (MKR), one of the favorite altcoins of whales. According to Lookonchain’s post, whales purchased $5.63 million worth of MKR and the MKR price increased. Accordingly, while one whale has been accumulating MKR since June 27, the other whale purchased $2 million MKR during the day. “We recently noticed that 2 smart investors bought MKR! 0x3737…