Author: NBTC
When a DeFi user loses 14 ETH (~$33,000) due to a faulty oracle update, who takes responsibility? If you ask Morpho, Pyth Network and Re7 Labs, the answer is: no one. That’s exactly what happened in early March when “jameis” — a user of an Re7 vault on Morpho — found their cbETH-backed loan liquidated due to a price feed delay between Pyth’s cbETH/USD and ETH/USD feeds. While ETH’s price kept updating, cbETH’s remained frozen for nearly an hour. The result? A price ratio distortion that triggered liquidations, even though the cbETH/ETH ratio never actually diverged in reality. The blame…
Cardano founder Charles Hoskinson has asserted that ADA, Ethereum, and XRP, sometimes referred to as dinosaur coins, will likely be the big winners in this current market cycle. Hoskinson expressed this view in a Gokhstein Media podcast episode released on Thursday, February 13, where he discussed the state of the market and his outlook. Speaking to show host David Gokhstein, he asserted that the bull market was far from over. To bolster his view, the Cardano founder cited the ease with which the crypto market recovered from capital flight and liquidations on February 3, a previous bearish spell which resulted…
According to crypto journalist Eleanor Terrett, the SEC’s cryptocurrency Task Force will hold a roundtable discussion with crypto industry leaders on Friday, March 21. Terrett reported that he obtained this information from his own inside sources. However, he recently confirmed the meeting with the SEC in a statement, giving details about the meeting that would last approximately four hours. The talks, which will be held in a series of meetings rather than a single meeting, were officially named “Spring Sprint Towards Crypto Clarity”. According to Terrett, the topic of the first meeting will be “the definition of security classification,” which…
Bitcoin miners are facing renewed financial pressure as declining transaction fees and a hashprice drop push operational costs higher, according to TheMinerMag’s February 2025 report. Bitcoin’s hashrate climbed 3.8% in February to 810 EH/s, showing a slowdown in mining competition growth. However, the hashprice (the revenue that miners earn per unit of computing power) slipped to $45/PH/s, wiping out gains from the U.S. election-driven price surge. At this level, inefficient miners are feeling the strain. Transaction fees made up just 1.3% of total block rewards in February, marking their lowest share since the last bear market bottom in 2022. March…
The Interchain Foundation is funding the Tharsis Labs team to release an open-source evmOS, the Ethereum-compatible layer 1 solution targeted at boosting interoperability between Ethereum and Cosmos. The funding will see Tharsis Labs open-source evmOS, bringing Cosmos’ (ATOM) functionality to users on the Ethereum (ETH) network. Interchain Foundation, the entity helping to advance the Cosmos ecosystem and its Inter-Blockchain Communication protocol, announced the development on March 18. With evmOS, developers can build EVM-powered decentralized applications and chains using the Cosmos software development kit. Tharsis Labs will open-source the Ethereum virtual machine-compatible software under the Apache 2.0 license, Interchain Foundation said.…
Instead of a bible, a satirical publication photoshopped Robert F. Kennedy Jr. putting his hand on a steak during yesterday’s swearing in ceremony as US Secretary of Health and Human Services. It might have been fake news, but it was apropos commentary on yesterday’s celebrations among a curious type of pro-RFK bitcoin (BTC) maximalist. Despite his cabinet position being far beneath the presidency to which he originally aspired, Bitcoiners still celebrated his appointment and Senate confirmation. Although he’s tasked with roles having nothing to do with BTC, the US Treasury, the Commerce Department, or the Federal Reserve, RFK Jr. has…
Pump.fun, the memecoin launchpad on the Solana, has announced the launch of PumpSwap, a native decentralized exchange promising instant token migration, zero fees and enhanced liquidity. The Pump.fun team unveiled the new DEX platform on March 20, 2025, noting in a post on X that PumpSwap will now support all launchpad coins that “complete their bonding curve.” PumpSwap, built on Solana (SOL), is a decentralized exchange protocol that will operate similarly to Raydium v4 and Uniswap v2, through its constant product automated market maker model. The launch of the new DEX platform allows users to create liquidity pools. Users can…
After several days of sideways movement, XRP and the broader crypto market are seeing fresh bullish sentiment. However, XRP’s price action has particularly stood out as it is currently the best gainer among the top-ranking crypto assets. Specifically, today, XRP has advanced from $2.42 to an intraday high of $2.76, marking a 14% gain so far. Meanwhile, Bitcoin and Ethereum are up only by 1% within this timeframe, while Solana has seen a 4% gain. Others like BNB and Tron are even trading in the red. Chart showing XRP outperforms Bitcoin and Ethereum | CoinMarketCap Notably, XRP is performing better…
Bitcoin mining pools Foundry, Antpool, and Viabtc collectively command over 65% of the network’s global hashrate, amplifying their dominance through scale, competitive fee models, and tailored incentives for participants. What Are Mining Pools? Collaborative mining pools aggregate computational resources from individual miners to enhance block discovery odds, distributing rewards based on contributed hashpower. As of March 20, 2025, Bitcoin’s total network hash rate measures 809.65 EH/s. Leading this sector are Foundry USA (246 EH/s), Antpool (173 EH/s), and Viabtc (111 EH/s), together representing roughly 65.5% of global hashpower, according to mempool.space stats. Their expansive infrastructure attracts miners prioritizing steady returns,…
Zypher Network is excited to announce its strategic collaboration with StarAI. This partnership allows convergence between blockchain and AI industries. The two platforms merge to introduce trustless omnichain AI agents as the top contenders. This alliance aims to combine the groundbreaking ZK-proof infrastructure of the Zypher Network with StarAI’s AI-focused platform. By doing this, the synergy strives to redefine the economy of artificial intelligence (AI) creators. Zypher Network x StarAI: Trustless AI Agents Across Chains 🤝🤖We’re excited to announce a new partnership with @The_StarAI, combining ZK computing with omnichain AI agents.#StarAI offers an AI creator economy platform with AI agents,…