Author: NBTC
A Dogwifhat (WIF) whale has conducted a significant transaction that has intrigued the community. The volume of the transaction and the duration the whale held the asset have raised concerns among a segment of traders and investors alike. Profitable move amid market volatility According to Lookonchain data, the Dogwifhat whale transferred 1.2 million WIF tokens, valued at about $3.47 million, to the Coinbase exchange. This typically suggests a potential intent to trade the tokens. So far, no reason has been given for the massive transfer. A whale deposited all 1.2M $WIF($3.47M) into #Coinbase 3 hours ago.This whale bought 1.2M $WIF…
The MultiversX Foundation has recently launched Growth Games, the latest initiative. It is a groundbreaking $1.5M annual grant program. It is designed to boost the terms of innovation in blockchain and AI. This initiative aims to empower startups, developers, and teams. By doing this, the ambitious program wants to create transformative solutions in key areas like DeFi, AI, and education. Setting the scene for the 2025 MultiversX ecosystem expansion by providing builders with resources and support to make it BIG.Growth Games provides $1.5M in funding, mentorship, and more to blockchain and AI teams and projects.https://t.co/epFcGQay4m — Multiversᕽ (@MultiversX) December 20,…
The Shiba Inu ecosystem team launches early access to its highly anticipated immersive platform, SHIB: The Metaverse. The official X handle of SHIB: The Metaverse announced the development in an X post yesterday, noting that the wait for the project’s launch is over. The wait is OVER! Shib: The Metaverse early access is here! ⛩️🌍 Own land, build your world, and explore boundless adventures. This is your moment to create and thrive. Download now 👉 https://t.co/fInAGt7vf2 pic.twitter.com/N4j0RTzTxb — Shib – The Metaverse (@mvshib) December 24, 2024 SHIB: The Metaverse Features The team behind the Shiba Inu ecosystem also published a…
As per the advancement in the events, Kima Network has announced its strategic partnership with Steer Protocol. With their combined expertise, the collaboration aims to enhance liquidity management and functionality of cross-chain. This partnership represents a significant step forward to streamlining liquidity solutions for markets of DeFi. 1/5🔥Kima Network 🤝 Steer Protocol🔥We’re excited to introduce a new partner, @steerprotocol – a comprehensive all-in-one solution for Liquidity Providers (LPs) to develop, publish, share, and utilize target=”_blank”>pic.twitter.com/46z4OwKExe — Kima Network (@KimaNetwork) December 23, 2024 Kima Network, a seamless cross-chain liquidity provider, has announced its exciting alliance via its official X account. Steer…
Tether, the biggest stablecoin issuer, has minted 1 billion USDT on the Ethereum blockchain, according to Lookonchain. With this update, Tether has been minted 20 billion stablecoins on Ethereum and Tron since November 6, 2024. Tether minted 1B $USDT again 20 minutes ago!#Tether has minted 20B $USDT on #Ethereum and #Tron since Nov 6!https://t.co/uQhE4ykzqz pic.twitter.com/F7L8HVyaLt — Lookonchain (@lookonchain) December 11, 2024 USDT: Expanding Boundaries to Counter Rivals’ Emergence The latest issuance comes after the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) approved Tether’s USDT as an Accepted Virtual Asset (AVA). The surge in stablecoin supply…
Constantine Zaitsev, CEO of DRPC, believes multichain solutions are a temporary fix and future advancements like modular blockchains hold promise for a more streamlined approach to blockchain scalability and specialization. Preparing for the Modular Blockchain Era Multichain solutions may not be the blockchain industry’s long-term answer, despite effectively addressing current scalability and specialization limitations, according to Constantine Zaitsev, CEO of DRPC. Zaitsev believes upcoming advancements like modular blockchains, Layer-0 protocols, and quantum-resistant networks could offer a more streamlined approach. In written responses shared with Bitcoin.com News, Zaitsev, an angel investor for Web3 startups, said platforms like his are using these…
Chainlink has announced the launch of a solution that it says will help decentralized finance protocols recapture their maximum extractable value. Chainlink Smart Value Recapture is a MEV solution that DeFi applications can plug into to recapture non-toxic maximal extractable value from Chainlink price feeds. According to the Chainlink team, the initial version of SVR is work that has been contributed to by Aave DAO members BGD Labs and Flashbots, among others. According to Chainlink, Chainlink SVR’s initial focus is DeFi lending protocols. It’s one of the solutions looking to help protocols recapture MEV from liquidations. Projects like Chainlink, Pyth…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. I was on a Google Meet with Benedikt Schuppli when the co-founder and CEO of Obligate began screen-sharing his email inbox. “Can you see this?,” he asked, pulling up an email from a Swiss bank with a large graphic advertising a 175% participation rate for a financial product. “If this wasn’t a Swiss bank you’d be thinking, ‘Well, that’s obviously some type of scam. Someone’s trying to sell me 175% yield.’” The Swiss bank was offering Schuppli a structured product, a financial instrument that the CEO called…
Bitgert, a prominent blockchain using the proof-of-authority consensus, has announced a new partnership with Solana. The collaboration between Bitgert and Solana aims to revolutionize the overall blockchain realm. As per Bitgert, the partnership will enhance decentralized finance (DeFi) integration by offering exclusive options. Overall, the endeavor will improve the user experience with smoother cross-chain asset transactions. Thus, both the entities can anticipate a wide-level adoption. 🚀 Big news, crypto fam! #Bitgert is set to join the @solana ecosystem! 🎉 This game-changing move is about to shake things up in the #blockchain world. Curious about the benefits? Let’s dive in! 🏊♂️…
A wallet associated with Mt. Gox just moved 27,871 Bitcoin, worth approximately $2.8 billion, with over 24,000 BTC ($2.4 billion) sent to an unidentified address, according to data from Arkham Intelligence. The transfer came amid Bitcoin’s ascent to the historic $100,000 mark. The defunct crypto exchange retains roughly 39,878 BTC, valued at $4.1 billion in its wallet. The latest transfer follows a previous movement of 2,500 Bitcoin (worth about $222 million) to an unknown address on November 12. These wallet activities continue as the exchange works to resolve outstanding compensation claims from former users. Mt. Gox has extended its payout…