Author: NBTC
Money market Aave and liquid staking protocol Lido surpassed $70 billion in net deposits in December for the first time, according to data from TokenTerminal. As of press time, the two largest DeFi protocols hold a total $67.42 billion. Aave leads with $34.3 billion in deposits, just $1.1 billion higher than Lido’s. The net deposits directed at these two DeFi heavyweights represent 45.5% of the $148 billion allocated to the 20 largest decentralized applications. However, regarding total value locked (TVL), Lido leads the DeFi ecosystem with $33.8 billion, with Aave coming in second with $20.6 billion. Net deposits represent the…
Ethereum price extended losses and dropped below the $3,550 zone. ETH is showing bearish signs and might decline further below the $3,150 level. Ethereum started a fresh decline below the $3,550 zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $3,550 support zone. Ethereum Price Drops Below $3,550 Ethereum price struggled to start a fresh increase above the $3,550 level…
ApusCoin, a prominent meme coin, has embraced the Cross-Chain Token standard in collaboration with Chainlink. The adoption of the Cross-Chain Token standard aims to make ApusCoin ($APU) cross-chain native through the Cross-chain Interoperability Protocol of Chainlink. Chainlink took to social media to disclose this significant integration. .@ApusCoin has adopted the Cross-Chain Token (CCT) standard—a secure framework to make any token cross-chain native via Chainlink CCIP.Now, APU can be securely transferred across @arbitrum & @ethereum, with more chains coming soon. pic.twitter.com/KZl8CbShhn — Chainlink (@chainlink) December 21, 2024 ApusCoin Embraces Chainlink-Powered CCT Token Standard for Secure Cross-Chain Transfers As per Chainlink, the…
The Central Bank of Chile recently stated that it could not add bitcoin to its reserves, as this crypto asset fails to comply with the requirements to be included as a bank investment. Central Bank of Chile Would Not Add Bitcoin to Its Reserves The debate about bitcoin as a reserve asset and the issue of strategic bitcoin reserves has arrived in Chile. Given the topic’s relevance, the local Chilean press probed the central bank on its opinion to assess the possibility of this happening in Chile at some point in the future. The Central Bank of Chile outright denied…
In the last 24 hours, there was remarkable trading volume in the NFT market, where Azuki was top of the chart with a trading volume of $2.51 million. Azuki has received much praise for its anime-like art style and large and passionate fan base, and it sold 66 NFTs as well. Such an increase proves that demand for premium quality digital assets continues to drive the collection’s success. #NFT MARKET OVERVIEW TOP COLLECTION #Azuki – 24H Volume $2.51M… pic.twitter.com/sqLupKjNrZ — PHOENIX – Crypto News & Analytics (@pnxgrp) December 23, 2024 Pudgy Penguins Takes Second Spot with $1.91 Million Pudgy Penguins,…
At the start of this year, the dominance of Ethereum was around 16.96%. In late February, it touched an yearly peak of 19.28%. In mid-May, it plummeted to a low of 15.42%. Just before the launch of Ethereum spot ETFs, it rebounded to a peak of 18.8% in mid-June. However, since the launch, the ETH dominance has steadily dropped by around 5.42%. The big question now is: Can the year 2025 bring a turnaround? Bitcoin Dominance Overshadows Ethereum and Altcoins Since the start of this year, the Bitcoin market has climbed by over 115.76%. At the beginning of this year,…
Fartcoin, a flatulence-themed meme coin on the Solana blockchain, rose to a new all-time high price above $0.52 on Wednesday, topping the previous high set overnight with a market cap of over $520 million. As of this writing, Fartcoin (FARTCOIN) has seen a 69% increase in the last 24 hours and a 154% gain in the last seven days. Its price jump comes amid a broader gain in the AI sector, and particularly AI-related meme coins, a category that has climbed more than 20% in the last 24 hours. That’s vastly outpacing the overall crypto market gain of 7% during…
US Court announces Ripple lawsuits key date, failure could result in dismissal. Plaintiff Bradley Sostack fights back after recent favorable rulings for Ripple Labs. SEC’s response to Ripple’s appeal may be delayed due to the looming government budget issue. The U.S. Court of Appeals has just revealed key dates for the explosive lawsuit filed by Bradley Sostack against Ripple. In the meantime, the US Securities and Exchange Commission (SEC) is working to file its main brief before Chairman Gary Gensler leaves, but a potential government shutdown may cause delays. Here’s Why! Ripple Lawsuit: Key Dates Set The U.S. Court has…
SoonChain, a prominent AI-powered gaming platform, has announced its strategic partnership with Omni Network. This exciting collaboration aims to elevate the SoonChain gaming ecosystem. It will be done by leveraging Omni Network’s cutting-edge technology and a vast range of user base. 🔥 𝐒𝐎𝐎𝐍𝐂𝐇𝐀𝐈𝐍 𝐱 𝐎𝐌𝐍𝐈𝐀 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩🚀We’re excited to join forces with @OmniFDN, a leading RPC provider specializing in decentralized infrastructure and AI. 💪𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐒𝐨𝐨𝐧𝐂𝐡𝐚𝐢𝐧:1) Enhanced security with OMNIA’s… pic.twitter.com/V8icdp4pEN — SoonChain❤️AIGG (@soonchain_ai) December 21, 2024 SoonChain, through this collaboration, continues to position itself as a trailblazer in the decentralized space of gaming. It redefines inclusive experiences for worldwide…
Bitcoin (BTC) price finally pierced through the much-coveted target of $100,000 for the first time since its inception after the 2008 financial crisis. The flagship coin surged more than 7 percent in the past 24 hours to trade above $102,900 on Thursday, December 5, during the early Asian session. Consequently, more than $644 million was liquidated from the crypto-leveraged market, led by Bitcoin with over $169 million. Furthermore, the previously reported altcoin rally cooled down in the past 24 hours, as Bitcoin dominance surged above 56 percent again. MicroStrategy Stock Heavily Benefited the Bitcoin Rally Since the adoption of the…