Author: NBTC
2024 has been a pivotal year for DeFi. Practical applications for smart accounts are already in use. Major infrastructure milestones like chain abstraction, along with positive market sentiment and consistent growth, will enable a return to fundamentals in the coming year. This means products that bring real value to users that truly revolutionize the digital world. Here are some of the developments to expect in 2025: 1. At least 20% of Ethereum users will rely on EIP-7702-enabled smart accounts In just the first quarter of 2024, private key compromises cost the industry over $239 million in losses. Smart accounts promise…
Recent data reveals the stablecoin sector has grown by an additional $14.429 billion in value since Jan. 1, signaling renewed momentum in digital asset markets. Leading this upward trajectory, the dollar-pegged sky dollar (USDS) experienced a 116% growth spurt during the same period, outpacing its peers in the top ten pack to claim the most pronounced expansion among major stablecoins. Stablecoin Sector Hits $217B as Ethereum, Solana, Tron, and Base Drive Fresh Issuance The latest data illustrates the stablecoin ecosystem has ballooned by a striking $14.429 billion in the past month, reflecting heightened activity in crypto markets. Figures from defillama.com…
Monad Labs officially announced the formation of the Monad Foundation, an independent entity designed to accelerate the growth and adoption of the Monad protocol. The Monad Foundation’s primary mission is to enhance the Monad blockchain ecosystem by fostering collaboration between validators, developers, and the community. As an independent body, it will lead decentralized governance, allowing the community and validators to propose and implement network improvements. The Foundation will also provide critical support to developers, offering resources such as detailed documentation, as well as promoting partnerships and marketing efforts to boost Monad’s visibility. Keone Hon and Eunice Giarta will join the…
ANIME, the native token of the Animecoin Foundation, surged 12% after the major South Korean exchange Bithumb announced its listing of the meme coin. Animecoin (ANIME) rose to an intraday high of $0.0502 on Jan. 31, marking a 15% surge from its weekly low of $0.0437 as of press time. The altcoin market cap was seated at $278 million while its daily trading volume was up 40%, hovering around $153 million. The Azuki-backed meme coin rallied after Bithumb, a major South Korea-based crypto exchange, announced the addition of a KRW trading pair for the ANIME token on Jan. 31, alongside…
The DeFi sector has witnessed a notable downturn during this week. As per the data from DefiLlama, the top blockchains in terms of total value locked (TVL) witnessed Ethereum, Solana, and Bitcoin in the leading positions amid an overall decline. The other prominent chains in the top-10 list of DefiLlama include Tron, BSCC, Base, Arbitrum, Sui, Avalanche, and Hyperliquid. Ethereum Maintains Lead Position among Top Chains with $62.933B in TVL Ethereum stands on the leading spot in the list of top chains based on total value locked. In this respect, its total value locked has reached $62.933B, showing a -4.29%…
Paolo Ardoino, CEO of Tether, the stablecoin company, has discussed the company’s plans after moving to El Salvador. Ardoino disclosed the construction of a 70-story skyscraper that will be occupied by other tech and crypto companies. Tether Opens up on 70-Story Skyscraper Construction in El Salvador Tether, the company behind USDT, a stablecoin worth close to $140 billion, has offered more details about the construction of its headquarters skyscraper, called Tether Tower, and its future in El Salvador. Paolo Ardoino, CEO of the company, clarified that the building, which will be up to 70 stories high, will be a testament…
The Artificial Superintelligence Alliance (ASI), comprising Fetch.ai, SingularityNET, and Ocean Protocol, has announced a bold initiative to archive human civilization’s most important digital and molecular information on the Moon. In collaboration with Iridia, Arweave, and LifeShip, the program focuses on storing the most valuable information, such as ASI tokens, off the surface of the Earth. To do this, the team will use cutting-edge molecular storage technology in an off-world archive. The Dragonfly Aerospace Lunar Lander will deliver synthetic DNA-encoded data and digital assets to the lunar surface, where ASI tokens (FETs) and the Arweave Genesis Block will be delivered. This…
Bithumb, a South Korean cryptocurrency exchange, announced today the addition of AnimeCoin (ANIME) and Vittor Token (VTHO) to its KRW Market. Bithumb Announces Listing of Animecoin (ANIME) and Vittor Token (VTHO) on Korean Won Market Newly Listed Coins and Trading Program Animecoin (ANIME) Supported Markets: KRW Market Supported Networks: Arbitrum One (No other network investment) Deposits and withdrawals will start: Within 2 hours after the announcement Trading begins: Scheduled date Friday, January 31, 2025 at 19:00 Base Price: 66.11 KRW Number of deposit confirmations: 30 Vittor Token (VTHO) Supported Markets: Won Market Supported Networks: VeChain (No other network investments) Deposits…
Bitcoin trades in a narrow range near $94,500, with the CME gap at $94,715 acting as a potential price magnet for traders. A loss above resistance levels near $94,715 with strong volume could signal a bullish breakout, while losing $94,000 support risks a retest of $93,500. Weekend trading patterns, marked by reduced liquidity and high volatility, play a critical role in shaping Bitcoin’s short-term price action. Since the beginning of December, Bitcoin’s price has been trading in a narrow range and the market is paying attention to the CME gap at $94,715. These price fluctuations of the digital currency showed…
In a sobering reminder of the unpredictable nature of the cryptocurrency market, a trader who purchased 46.5 million of the Solana-based AI concept token, AGiXT, at a bargain price of $1,756 has become the subject of viral discussion after selling their holdings prematurely for just $6,284, a mere fraction of the potential profit. According to data retrieved by Finbold from Lookonchain and Solscan on January 17, the trader initially realized a modest profit of $4,529 from their investment. Although this return would appear commendable under ordinary circumstances, the subsequent surge in AGiXT’s value revealed the true extent of what was…