Author: NBTC
Key Points: Curve founder Michael Egorov prioritizes veTokenomics and market stability through safer lending and educational initiatives. Egorov actively mitigates risks from borrowings, using strategic transactions amid ongoing market challenges. Curve Finance previously faced a $60 million exploit in 2023, prompting Egorov to repay significant debts and reinforce platform resilience. Curve founder Michael Egorov has reaffirmed his dedication to enhancing the platform’s resilience following recent market turbulence impacting CRV prices. Curve Founder Michael Egorov’s Commitment to Curve Finance’s Resilience Amid Market Turbulence Egorov emphasized his commitment to advancing Curve through innovative veTokenomics game theory, particularly focusing on veCRV applications. In…
The tension between Iran and Israel over the weekend caused sharp declines in Bitcoin (BTC) and altcoins. During this decline, there were investors who panicked and sold, as well as investors who turned the decline into an opportunity. At this point, a fresh whale turned the decline into an opportunity and purchased 16 altcoins worth $17.43 million from Binance. According to Lookonchain’s post, the fresh wallet from Binance includes Avalanche (AVAX), FET, GRT, Polygon (MATIC), OP, RNDR, DOT, FTM, Chainlink (LINK), Dogecoin (DOGE), PENDLE, GALA, GHST, AEVO, It purchased DYDX and PEPE. “Which altcoins did whales buy after the market…
Helio has made a set of upgrades to its Solana Pay Shopify plugin, the crypto payments company announced Thursday morning. The plugin allows businesses on the e-commerce platform to accept payments via the Solana network. The plugin charges a 0.75% transaction fee, which is lower than the 1.5 to 3.5% typically charged by credit cards. The new version of the plugin adds “hundreds” of cryptocurrencies that can be used for payments. A video of the possible cryptocurrencies shared with Blockworks included bitcoin, ether, solana, PayPal’s PYUSD, and memecoins including ORE and MOTHER. The plugin only accepted USDC previously. Using Jupiter,…
Blockstream CEO Adam Back has criticized Coinbase over its handling of Bitcoin donations for Trump’s campaign. Donald Trump’s campaign has started accepting Bitcoin donations processed via the Lightning Network. Adam Back accused Coinbase of sidelining Bitcoin to promote altcoins instead. Discover why Blockstream’s CEO Adam Back accuses Coinbase of neglecting Bitcoin in favor of altcoins, as Trump’s campaign adopts BTC donations via the Lightning Network. Trump’s Campaign Embraces Bitcoin In a groundbreaking move, former US President Donald Trump’s campaign has started accepting Bitcoin (BTC) donations, utilizing the Lightning Network to process payments. This shift signifies a notable endorsement of cryptocurrency’s…
Zapper, a leading DeFi aggregator and portfolio management tool, has launched the first component of the Zapper Protocol, introducing a new interpretation layer aimed at improving on-chain data accessibility and understanding. Zapper Introduces New Protocol for On-Chain Data Interpretation This innovative layer will enable users to contribute as event interpreters and position interpreters, each playing a key role in converting complex blockchain data into user-friendly formats. Founded in 2020, Zapper attracted great attention in 2021 with a $15 million Series A funding round led by Framework Ventures and featuring high-profile investors such as Mark Cuban and Ashton Kutcher’s Sound Ventures.…
Dinari Global has successfully integrated Chainlink CCIP across the Arbitrum One and Ethereum mainnets, enabling seamless cross-chain transfers. The decision to adopt Chainlink’s CCIP underscores Dinari’s commitment to security and reliability in the Web3 ecosystem. In the latest development, Dinari Global announced the successful integration of Chainlink CCIP, the leading industry standard for secure cross-chain interoperability, across the Arbitrum One and Ethereum mainnets. By leveraging CCIP’s Simplified Token Transfer capabilities, Dinari will enable seamless cross-chain transfers of USD+, its fully backed yield-bearing stablecoin. This integration empowers USD+ to drive payments and serve as collateral throughout the on-chain economy. Dinari’s decision…
Bitoro Network, a leveraged trading protocol and ecosystem aggregator for the perpetual futures market, has launched on Injective, a Web3-optimized platform for decentralized finance. According to a press release shared with Crypto Briefing, the integration will provide Bitoro with new trading channels for instant and low-cost trading, integrated staking vaults, and features that would help onboard institutional clients. Bitoro will leverage Injective’s infrastructure and onchain order book to enhance its platform and offer new markets in an MEV-resistant environment. The integration would also bring Bitoro to participation in the staking pools and vaults for various decentralized finance projects. According to…
The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale. Nonetheless, the past few years have seen a significant decline in the number of wrapped bitcoins in circulation, with more than 32% of its supply being redeemed since November 2021. WBTC Retains Top Spot in Bitcoin Derivatives Despite Falling Supply According to the cryptocurrency market aggregator coingecko.com, wrapped bitcoin (WBTC) ranks as the 15th largest crypto asset by market valuation. Currently, the market cap of WBTC stands at…
LRCSwap, the innovative on-chain marketplace for issuing and selling tokens on Bitcoin, is gearing up for its highly anticipated launch. Aiming to revolutionize the Bitcoin experience, LRCSwap provides a user-friendly platform for issuing, transferring, and swapping tokens directly on Bitcoin, akin to Uniswap or Pump.fun but entirely native to Bitcoin.—LRCSwap utilizes the LRC-20 token standard, already operational on Bitcoin L1 and Lightning. This standard allows for ultra-efficient, secure, and straightforward transactions, setting LRCSwap apart from other Bitcoin token protocols. The simplicity of LRC-20 makes LRCSwap particularly appealing to active traders and DeFi enthusiasts.Key Features to Empower UsersSimple Token Issuance: Create…
Decentraland, a virtual world platform that allows users to buy real estate and conduct NFT transactions with the MANA cryptocurrency, has recently published its first quarterly update, as promised to customers in its 2024 statement. The Decentraland Foundation manages the platform, which offers a realm where avatars can buy and trade clothing as well as engage in other 3D activities. Although extremely popular, Decentraland has received criticism for technical flaws and an empty virtual world, resulting in a $1.2 billion valuation in 2022. In response, the platform is taking steps to entice people to its new program, ‘Forging Foundations for…