Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. If a thriving blockchain ecosystem were a recipe, the ingredients would go something like this: One consensus mechanism Four DeFi apps* A driven founder/figurehead One native stablecoin (at least) Two legal entities (dev studio and foundation) One token bridge (minimum) Three terminally online reply guys The secret ingredient would be one or more of the following: funding rounds, mid-cap memecoins, NFT collections, active VC funds and third-party validator clients. *Minimum required DeFi apps: DEX w/ token launchpads, lending/collateralized debt, liquid staking, oracle So, while there are now…
TeraWulf is moving into AI by leasing data center space to Core42. This deal will help the company provide over 70 MW of power at its Lake Mariner facility. This shift from Bitcoin mining to AI will bring in more money and meet the growing need for energy-efficient infrastructure. TeraWulf Expands into AI Infrastructure TeraWulf Inc., mining company recently announced an expansion into artificial intelligence (AI) infrastructure. On December 23, the company revealed that it had signed agreements to lease data center space to Core42 which is an AI and cloud services provider. According to the deal, TeraWulf will provide…
SendAI, an AI-powered blockchain automation platform, has launched the Solana ($SOL) Agent Kit. it is an innovative open-chain toolkit which is designed to connect AI Agents with the Solana blockchain seamlessly. This pioneering development, regardless of the specified model, empowers AI agents. The aim is to perform specialized Solana ($SOL) actions that are over 15. The Solana Agent Kit bridges artificial intelligence with blockchain. It improves the Solana ecosystem and further unveils new boundaries for decentralized automation. Introducing the Solana Agent Kit –– an open-source toolkit for connecting AI agents to @solana.Now, any agent, using any model –– can autonomously…
U.S. spot Bitcoin exchange-traded funds saw their fifth consecutive day of inflows on Dec. 4 as Bitcoin surged past $100,000 to a new all-time high, driven by optimism over a favorable regulatory outlook under President-elect Donald Trump. According to data from SoSoValue, U.S. spot Bitcoin ETFs recorded their fifth consecutive day of inflows on Wednesday, bringing the total net inflows over the streak to over $2 billion. On that day alone, 12 spot Bitcoin ETFs collectively garnered $556.82 million in investments. BlackRock’s IBIT ETF emerged as the frontrunner, attracting $571.71 million in inflows on Dec. 4, marking its fourth consecutive…
Injective, a blockchain-based DeFi platform, has unveiled a massive strategic collaboration with Mercado Bitcoin, Brazil’s leading cryptocurrency exchange and one of the oldest in Latin America. This partnership introduces Injective’s native token, the $INJ, into the Mercado Bitcoin environment that connects with over 3 million active users. The integration makes the DeFi platform ready to be adopted faster in Latin America due to Mercado Bitcoin’s solid registered users and strong market response. The largest Brazilian exchange with over 3 million users has officially integrated native $INJ.@MercadoBitcoin enables anyone to on-ramp into the Injective ecosystem with fait such as the Brazilian…
Aptos is one of the chains that has seen its fortune change the most in 2024 as it has made the best of the bull market. Just as L1 tokens and platforms were slowing down, Aptos managed to draw in all the elements it needed to become a growth leader. It is one of the chains that has seen its influence grow the most in 2024, making the best of the bull market. Despite the primacy of Ethereum and Solana as L1 chains, Aptos rode the trend for alternative liquidity venues. Aptos made most of its gains in the second…
Lofi, a unique Sui-built blockchain-native brand, has announced its exclusive collaboration with Fox Wallet. The partnership focuses on establishing an innovative and dynamic ecosystem to advance Sui Network. Fox Wallet took to its official social media account on X to disclose this collaboration. 🥳@lofitheyeti has joined @FoxWallet! 🌍Lofi symbolizes optimism, courage, and a vision for the future, with a mission to build a dynamic and innovative ecosystem on @SuiNetwork.🙌Activate the #Sui Network on #FoxWallet and make it your primary wallet for $LOFI now. 🚀 pic.twitter.com/k41aLSXgHq — FoxWallet Official (@FoxWallet) December 21, 2024 Lofi and Fox Wallet Collaborate to Develop an…
Bitcoin broke the landmark $100,000 level earlier Thursday, nearly 15 years after it first went live, in a move that some traders expect to keep continuing. BTC added 7.2% in the past 24 hours, data shows, zooming to a $2 trillion market capitalization for the first time as it set a record just over $103,670. It has since lost ground to $102,500 in Asian afternoon hours as traders took early profits on the move. The asset has gained 50% in the past 30 days on increased institutional demand, rising ETF inflows, improved sentiment among traditional finance circles and optimism around…
Lending was one of the growth apps for TRON (TRX), boosting the chain’s locked value. JustLend was one of the busiest smart contracts, drawing in 55% of all value locked on the TRON network. TRON (TRX) increased its lending exposure in 2024, following the expansion of DeFi on all chains. JustLend was one of the growing apps for the past 12 months, ending up with 55% of the total value locked on the chain. TRON locks in a total of $7.36B in its decentralized protocols, including lending and DEX. The chain still hosts more than $60B in stablecoins, which also…
The booming stablecoin market hit another milestone Wednesday, crossing the $200 billion total market value mark for the first time ever as demand accelerates and adoption expands for the assets. The asset class as a whole added $10 billion market value in only two weeks since it surpassed the 2022 bull cycle record of $190 billion, according to CCData and DefiLlama. Stablecoins are cryptocurrencies designed to hold a steady price, predominantly pegged to the U.S. dollar. They are a key piece of infrastructure for the digital assets space, serving as the main source of liquidity for trading crypto assets on…