Author: NBTC
Two Ethereum whales acquired $7.5M in AAVE using borrowed USDC and GHO tokens. Coordinated AAVE-USDC swaps hint at OTC-style asset rebalancing on Ethereum. Gnosis Safe Proxy handled over $10M in AAVE and GHO via CoW Protocol and Aave. Two high-value Ethereum wallets executed a series of synchronized transfers exceeding $10 million in AAVE and GHO tokens, with blockchain data pointing to leveraged borrowing, liquidity rotation, and DeFi-based asset rebalancing. The transfers, which occurred over an 11-hour span, involved both stablecoin borrowing and token minting, with activity routed through leading decentralized finance protocols including Aave and CoW Protocol. 2 whales bought…
After a lengthy public discussion about its possible effects, Bitcoin Core has merged the code that lifts the guardrails to filter nonfinancial data transactions by default. The changes that will be implemented in the upcoming version of the Core client have sparked a heated debate about the project’s future. Bitcoin Core Finally Merges Data Carrier Changes, Sets Limits as Deprecated Bitcoin Core, the leading implementation of full node software for Bitcoin, has made a final decision regarding the ongoing debate on lifting the existing filters to allow users to include nonfinancial transactions in the blockchain. The changes merged and implemented…
BlackRock and Fidelity Ethereum ETF investors are now more than 21 percent down as ETH treads far below their entry prices. Since May 16, ETFs have recorded nine consecutive days of inflows of $435.6 million despite losses. Although Ethereum has not consolidated above $3,000 just yet, institutional demand is as high as it is. Ethereum ($ETH) is struggling below $2,650 while most ETF holders are still deep in the red. Glassnode recorded that the average cost bases of BlackRock and Fidelity’s Ether ETFs are $3,300 and $3,500, respectively. ETH is currently trading at $2,621, taking the total amount of unrealized…
USDC stablecoin founding company, Circle, plans to raise nearly $900 million through an expanded initial public offering (IPO) that could raise the company’s value to $7.2 billion. The public listing has attracted powerful institutions like BlackRock and Ark Invest, which are interested in buying large amounts of Circle’s stock, suggesting Wall Street is warming up to stablecoins like never before. Some people, however, are concerned about Circle’s true intentions because it’s unclear whether the company’s IPO means stablecoins are finally joining mainstream finance or if it’s just another way for crypto companies to create a massive payday for its founders,…
The Chief Executive Officer (CEO) of the Cardano Foundation, Frederik Gregaard, has given a powerful reminder to turn the financial world towards Bitcoin ($BTC) decentralized innovation. According to this reminder, the blockchain should revolutionize the future of the world. A recent statement by Gregaard reflects transformation in the crypto space. He urges innovators and industry leaders to “learn from Bitcoin and embrace the vision of a decentralized world, where collaboration is naturally incentivized and built through cryptography and collaboration,” not enforced by institutions. Crypto Valley, a global hub for blockchain innovation located in Switzerland, witnesses Cardano CEO’s remarks through its…
Exodus has officially launched XO Pay, a new crypto purchasing feature that allows users to buy and sell digital assets directly within the Exodus mobile wallet, and is now live across the United States. XO Pay aims to simplify the process for its users to easily purchase cryptocurrencies such as Bitcoin. XO Pay is powered by Coinme’s Crypto-as-a-Service (CaaS) API platform and is a self custody Bitcoin wallet. This means customers can now purchase BTC within the wallet without going through third-party exchanges while keeping full control of their assets. “XO Pay represents our commitment to making cryptocurrency more accessible…
In a recent post on the social media platform X (formerly known as Twitter), San Francisco-based blockchain behemoth Ripple lead by Brad Garlinghouse stated that blockchain is changing finance. Ripple is transforming finance and payments Particularly, Ripple is, the post stated. And these changes are not only limited to the sphere of finance, the post adds: “Blockchain is changing finance…and just about everything else, too.” The post contains a short video advert of Ripple, highlighting the major spheres in which it operates: “Payments. Custody. Stablecoin.” If it’s happening onchain, it’s happening with @Ripple. Find out how blockchain is changing finance…and…
Widely followed crypto analyst Rekt Capital says that Bitcoin (BTC) looks bullish after successfully retesting a strong support level. The pseudonymous analyst tells his 548,000 followers on the social media platform X that Bitcoin is attempting to move into a “price discovery uptrend.” Price discovery often refers to a process when the price of an asset moves to uncharted territory, forcing buyers and sellers to seek agreement on value. Says Rekt Capital, “Bitcoin Price Discovery Roadmap: Bitcoin is currently in a transitional phase. Price is trying to successfully post-breakout retest its ReAccumulation Range to transition into Price Discovery Uptrend 2.…
Ethereum Pectra hard fork’s blob capacity enhancement is operating within the thresholds analysts forecast, ethPandaOps said in a May 30 report. The update, which was initiated via the Ethereum Improvement Proposal 7691 (EIP-7691) on May 7, doubled the default blob count from three to six and lifted the ceiling from six to nine. Blobs are data pieces included in Ethereum blocks. The report instrumented 123 Beacon-chain nodes across 27 countries, 29 in controlled data centers, and 94 in residential settings to track the “New Head” event. This is a timestamp recorded when a client declares a block and its blobs…
While much of the crypto world stays focused on Ripple’s high-profile legal battle with the SEC, the company has been making moves behind the scenes — and it’s not just about payments anymore. In its newly released 2024 Ripple Impact Report, Ripple revealed how it’s quietly expanding into humanitarian aid, financial services for the unbanked, and real-world blockchain pilots that could reshape how emergency funds and small businesses operate worldwide. Ripple’s Impact Finance Strategy: $200 Million Deployed for Good Ripple Impact, now in its eighth year, has already deployed $200 million towards social good initiatives. In 2024 alone, the company…