Author: NBTC
LFG is setting a new standard for on-chain token launches in the crypto space. According to a detailed explanation by Soju during his latest interview, LFG has significantly impacted the token launch meta, empowering community-driven projects and facilitating broad-scale token distribution. Last Week, @0xSoju spoke about the last 4 launches on LFG, and also did a deep dive into the upgrades to LFG.LFG is crucial in pushing forward the meta of on-chain token launches, and help quality projects with community support, to gain traction.Since then, we’ve seen a ton… pic.twitter.com/r4nmmhRP1Z — Jupiter 🪐 (@JupiterExchange) July 31, 2024 LFG, a crucial…
Ethereum, the second-largest cryptocurrency by market capitalization, has started showing signs of a bullish trajectory. Particularly, according to insights from CoinSignals, a prominent crypto analysis platform, Ethereum is poised for a significant price rally. The platform suggests that Ethereum could see its value rise to between $12,000 and $15,000 shortly. This forecast is based on positive market trends and strong fundamental performance indicators supporting a sustained value increase. ETH Fundamental Strengths CoinSignals’ optimism is backed by several key factors that differentiate ETH from its peers, notably Bitcoin. Unlike Bitcoin, which experiences a sell-pressure of around 450 BTC daily, Ethereum, on…
ARK sold a total of 69,069 COIN shares on Thursday, the biggest single-day sale since May 7. Having sold only $2.88 million of COIN in June and $7.93 million in July, Thursday’s sales mean ARK has sold more in one day than in the previous two months combined. Cathie Wood’s investment company ARK Invest sold $14.8 million worth of crypto exchange Coinbase (COIN) shares on Thursday, the biggest single-day divestment since May 7, ahead of the exchange’s second-quarter earnings announcement. The divestment means the company sold more Coinbase shares on the first day of August than in the previous two…
Data Ownership Protocol, a leading blockchain data protocol, adds Shiba Inu (SHIB) support on its mainnet, aiming to enhance transaction security. The Data Ownership Protocol recently announced the expansion of its token support to include Shiba Inu (SHIB) on the DOP Mainnet. Per the announcement, this development allows users to securely encrypt and transfer their Shiba Inu tokens, enhancing transaction security and transparency. The integration aligns with the Data Ownership Protocol’s objective to improve digital asset management, providing a better experience for Shiba Inu holders. New token support alert!You can now encrypt and send $SHIB, $FLOKI, $PEPE, and $MANA on…
Blockworks aims to book Democratic presidential nominee Kamala Harris to speak at its upcoming crypto conference, as crypto enthusiasts turn their attention toward a U.S. presidential election that some believe is a referendum on the mainstreaming of crypto. The crypto conference organizers are attempting to secure Vice President Harris at its U.S. politics-focused Permissionless event from October 9 to 11 at the behest of some of the “largest” Democratic donors, Blockworks founder Jason Yanowitz told Decrypt. Yanowitz said that Mike Novogratz, CEO and founder of Galaxy Digital and a well-known Democrat, was among those pushing for Harris to be invited…
Concordium has announced a new partnership with Upwood.io. It is an upcoming Latvia-based investment platform specializing in the tokenization of real-world forests, carbon credits, and carbon removal projects in the European Union. This collaboration aims to enhance the transparency, accessibility, utility, and sustainability of forest investments by leveraging Concordium’s advanced blockchain technology. Concordium is partnering with https://t.co/1IhhkhCaJm, a trailblazer in sustainable investments and a Concordium grant recipient 🌳Together, we’re transforming forest investments with blockchain, offering secure, verifiable tokens backed by real-world forests and carbon… pic.twitter.com/2Qz6m43j6k — Concordium (@ConcordiumNet) July 31, 2024 Upwood.io Offers Investment in Real-World Forest Tokens Upwood.io offers…
Ethereum’s recent price surge may be built on shaky ground, according to analyst ‘Crypto Lion’ in a ‘Quicktake’ on blockchain analytics platform CryptoQuant. The analyst cautioned that a correction could be imminent, citing data that suggests a lack of genuine demand for Ether, despite recent gains driven by the approval of ETH ETFs. Crypto Lion highlighted the lack of demand for Ether, citing the “Exchange Withdrawing Transactions” diverging significantly from the digital asset’s price trajectory. “This means that physical withdrawals are declining, so it is safe to assume that there is simply no demand,” the analyst stated: “This means that…
Friday’s U.S. nonfarm payrolls report could disappoint expectations, according to ING. A weak report will likely bolster Fed rate cut expectations and potentially support risk assets, including bitcoin. With markets awaiting Friday’s U.S. nonfarm payrolls report, analysts at ING caution that the scales are tipped toward a weaker number, potentially adding to volatility in financial markets, including cryptocurrencies. The data due at 8:30 ET (12:30 UTC) is expected to show the U.S. economy added 185,000 jobs in July, down from June’s 206,000, according to economists polled by the Wall Street Journal. The jobless rate is seen at 4.1%, unchanged from…
Polygon Labs, the main developer firm behind the layer-2 network Polygon, said Wednesday that it will be performing the technical upgrade that swaps out its MATIC token for its new POL token starting on September 4th. The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks. The switch will consist of a technical upgrade that will allow POL to become the native gas and staking token for Polygon’s main…
The US Securities and Exchange Commission (SEC) is seeking to amend its complaint against Binance Holdings, Binance.US, and Binance’s former CEO Changpeng Zhao, according to a joint filing dated July 30, 2024. The specific changes will involve redefining “third-party crypto asset securities,” potentially including Solana (SOL). “The SEC informed Defendants that it intends to seek leave to amend its Complaint, including with respect to the “Third Party Crypto Asset Securities” as defined in the SEC’s Omnibus Opposition to Defendants’ Motion to Dismiss, Dkt. No. 172, obviating the need for the Court to issue a ruling as to the sufficiency of…