Author: NBTC
Agora, a cross-chain platform offering a new standard of governance tools for decentralized protocols, has raised $5 million in a seed funding round led by Haun Ventures. The round also saw participation from Coinbase Ventures, Seed Club Ventures, and Consensys Ventures, among others. Agora aims to help protocols organize their voting systems and tackle the often chaotic nature of token-holding voter governance. Co-founder Yitong Zhang, a former designer at Coinbase said in an interview that current systems for governance voting were “chaotic.” With Agora, however, Zhang believes that users can “have all the benefits of having your equity directly on…
As Solana meme coins continue dominating the bull market, traders are shifting to a new niche of cat-themed tokens. The meme coin market cap has increased by 9% today, reaching nearly $70 billion. Within this sector, the market cap of Solana meme coins has increased by over 20% today, exceeding $8 billion. However, the top gainers in the meme coin market today are not the most popular tokens like DOGE, SHIB, BONK, or even WIF, which reached a new all-time high. Instead, it’s a new category of cat-themed tokens. You might also like: Bitcoin futures open interest hits record $36b…
Ethereum (ETH) price surged as high as $3,350 on April 28, marking a 17% bounce in the last 10-day, as on-chain indicators reveal the key catalyst behind the recent uptick. Ethereum Holders Cut Market Supply by $17 million in 3-Days When Ethereum price tumbled to a 2024 low of $2,868 on April 19, it sparked fears of an incoming post-Bitcoin Halving crash driving ETH to new lows. However, rather than entering a large scale sell-off, ETH whale holders and Liquidity Staking Derivatives (LSD) users turned to the yield staking contracts to tide over the market downturn with passive income. As…
FED officials are meeting today to discuss interest rates and determine policy. They are expected to keep interest rates constant at the sixth meeting. When will FED cut interest rates? But analysts hope the coming months will provide much needed clarity on what to expect from the central bank. This clarity will be key for market watchers, who clearly have different views on interest rates. The predictions of Wall Street’s leading banks for the first interest rate cut are different from each other: While JPMorgan and Goldman Sachs expect the first interest rate cut to be made in July, Wells…
Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of the total supply) will be airdropped, with the number of shards held by each user serving as the basis for the distribution. Ethena Announces 750 Million ENA Airdrop Ethena is joining the ranks of decentralized finance protocols that organize airdrops for their users. The protocol, which seeks to build a decentralized finance bond system outside the banking system and…
On-chain analyst Willy Woo believes that a critical time is arriving for Bitcoin (BTC) as he says bearish momentum subsides. Woo tells his 1.1 million followers on the social media platform X that key indicators suggest Bitcoin could soon see a bullish reversal. “Summary: it’s crunch time. BTC needs to make a decision. Technical indicators point bearish. The majority of my fundamentals signals point bullish. Macro liquidity will probably decide this.” The analyst says that Bitcoin’s cumulative volume delta (CVD), an indicator that aims to spot divergences by comparing buying and selling volume over a given time period, is starting…
Ethereum-based Azuki topped Tuesday’s non-fungible token (NFT) sales chart with US$1.13 million. Azuki’s daily sales surge pushes its all-time sales volume to approximately US$1.12 billion, making it the eighth-largest collection in the market. Azuki was the only collection with at least US$1 million in sales on Tuesday, as the overall sales profit fell by almost US$2 million, the highest since April 12, according to CryptoSlam data. The second-highest performing collection of the day was DMarket, which represents in-game items on the Mythos network, with sales reaching nearly US$887,880. Avalanche-based Dokyo claimed the third spot in daily sales, generating US$716,860 from…
The price of the 2nd-biggest crypto asset $ETH has recently plunged by more than four percent. Lookonchain, a well-known on-chain analytics provider, has disclosed that 6 whales have immediately responded to this dip by dumping their ETH tokens. The majority of the respective tokens reportedly went to the popular crypto exchange Binance. 6 whales dumped more than 44K $ETH($140M) after the market dropped!0x4353 deposited 10,431 $ETH($32.66M) to #Binance.https://t.co/3hqVXQvHlu0x4446 deposited 11,892 $ETH($38M) to #Binance.https://t.co/HvLu7N4DnM0x488b sold 3,543 stETH($11.23M) at $3,170 and 3,000… pic.twitter.com/93ISSkJWfW — Lookonchain (@lookonchain) April 29, 2024 6 Whales Respond to $ETH Dip by Dumping 44K Tokens This event has…
Several memecoins have recently launched on the Neo blockchain and can be swapped on the Forthewin Network DeFi platform. The increased activity surrounding memecoins on Neo mirrors current trends on other networks like Solana, Ethereum, and other EVM L2s. As of March 2024, the four most popular new memecoins on Neo include Schrute Bucks (SCHRUTE), Frank Coin (FRANK), Ape Coin (APE), and The Hongfei (HD). Each memecoin is paired only against GAS, except for HD, which is also paired against bNEO. At the time of press, each of the LPs contains 296.684, 696.471, 1,770.801, and 4,312.083 GAS, respectively, totaling roughly…
Jameson Lopp, co-founder and Chief Security Officer of the crypto self-custody platform Casa, has claimed responsibility for a griefing attack on the Bitcoin testnet network that disrupted its normal functioning. A griefing attack involves intentionally spamming transactions on a network, increasing its workload and disrupting its usual operations, often frustrating other network users without necessarily providing financial benefit to the attacker. In a post on the decentralized social media platform Nostr, Lopp stated: “My griefing attack on Bitcoin testnet has resulted in over 165,000 blocks (3 years worth) generated in the past week. 😏” Hashrate and block difficulty data on…