Author: NBTC

Aave reached an all-time high total value locked (TVL) of $41.1 billion on Aug. 24, positioning the decentralized lending protocol as the equivalent of the 54th largest US commercial bank by total deposits based on Federal Reserve data as of Jun. 30. The money market protocol would replace the Prosperity Bank, which has $38.4 billion in deposits, and would fall just $300 million short of surpassing Bank OZK. Considering the Fed lists 2,156 commercial banks in the US, Aave’s size is enough to place it among the top 2.5% largest banks in the country. DefiLlama data showed that including Aave’s…

Cryptocurrency analyst Joao Wedson made some noteworthy assessments about Ethereum (ETH) and the overall market. According to Wedson, Ethereum is entering a critical period, and the coming weeks hold both opportunities and risks. This could be the precursor to a new phase of reaccumulation, according to the analyst. Wedson predicts that algorithmic trading could intensify around the $7,000-$7,500 level. Wedson, noting Bitcoin’s cyclical movements, said, “Approximately 28 days after the record high, ETH is likely to absorb a significant capital inflow from BTC. Current data suggests this pattern may reoccur.” Wedson noted that Ethereum’s open interest has reached levels quite…

Qitmeer Network, a public blockchain entity, has partnered with Nivana Soul, a Web3 platform that advances DePIN with AI. The partnership aims to integrate Decentralized Physical Infrastructure Networks (DePINs) and the robust AI digital humans, fortifying user-driven value-sharing. As Qitmeer Network revealed in its latest social media post, the collaboration is poised to leverage BlockDAG technology of Qitmeer Network to advance the DePIN infrastructure. Additionally, the move paves the way for wider adoption of cutting-edge solutions and decentralized networks within the blockchain sector. We are proud to be partnered with @nivanasoul 🤝💪Nivana Soul is pioneering the next evolution of the…

The decentralized finance (DeFi) world is buzzing with anticipation! A major announcement has sent ripples across the crypto community: Aave founder Stani Kulechov has confirmed that Aave V4 will launch soon. This exciting news signals a significant leap forward for one of the most prominent lending protocols in the blockchain space. For anyone invested in the future of DeFi, the impending arrival of Aave V4 represents a pivotal moment, promising enhanced features and greater efficiency. What Makes Aave V4 So Anticipated? Aave has long been a cornerstone of decentralized lending, enabling users to lend and borrow cryptocurrencies without intermediaries. Each…

Ethereum is trading at $4,727, with a market capitalization of $569 billion and a robust 24-hour trading volume of $65.65 billion. The intraday price action has spanned a wide range between $4,236 and $4,890, signaling heightened volatility amid strong investor activity. Ethereum On the daily chart, ethereum recently confirmed a significant bullish breakout from the $3,351 level, surging to a high of $4,890 before encountering resistance. This rally was marked by large bullish candles and increased trading volume, indicative of renewed market momentum. While the $4,890 resistance level has triggered some profit-taking, the overall trend remains upward, supported by higher…

CDARI, a Web3 e-commerce entity, has officially partnered with Zoro, a well-known platform for AI tokenization on BNB Chain. The partnership aims to offer new opportunities concerning the AI tokenization to redefine the Web3 ecosystem. As CDARI mentioned in its official social media post, the collaboration is a noteworthy move to expedite the broader growth of the decentralized AI sector. Hence, this development could transform the creation, training, and deployment of AI-driven tools in the blockchain ecosystem. 🚨 PARTNERSHIP ANNOUNCEMENT 🚨We’re excited to partner with @zorotechnology — the platform to build and tokenize AI solutions on BNB Chain! 🤖💡🔗 Build,…

Ether (ETH) set a new all-time high at $4,946 earlier this week, but the fuel from on-chain finance looks weaker than in prior cycles. However, the total value locked (TVL) across the network’s decentralized finance (DeFi) ecosystem stalled at $91 billion, significantly below the $108 billion record set in November 2021, according to DefiLlama data. In ETH terms, the gap is sharper: just under 21 million ETH are locked on Tuesday, compared to 29.2 million ETH in July 2021. Even earlier this year, the figure topped 26 million ETH. That means fewer tokens are actively tied up in DeFi than…

BlackRock’s spot Ethereum ETF (ETHA) had one of its most turbulent weeks, with trading activity dominated by large-scale outflows before staging a sharp rebound. The world’s largest asset manager sold a total of $351.3 million worth of Ethereum (ETH), equivalent to about 84,000 ETH, across three sessions between August 18 and August 20, according to data from Coinglass. The heaviest selling came on August 20, when BlackRock’s fund posted $257.8 million in redemptions, marking the single-largest daily outflow of the week. Earlier, on August 18, the ETF shed $87.2 million, followed by a smaller sell-off of $6.3 million on August…

Crypto-focused company stocks rose Friday alongside digital coins following a more dovish-than-expected speech from Federal Reserve Chairman Jerome Powell.  Nasdaq-listed Coinbase (COIN) spiked and was recently trading more than 6% higher on the day at $319. Meanwhile, Bitcoin treasury and software firm Strategy—MSTR—was up by nearly 65 to $354. Both had been trading down in recent days, but COIN is now in the green over the past week while MSTR remains slightly down during the span. And Circle, which debuted on the New York Stock Exchange in May in a blockbuster IPO, jumped higher. The stablecoin giant was recently priced…

Ahead of the global release of its mobile game Pudgy Party, Pudgy Penguins is rewarding early players with a “Soulbound Token.” Summary Developed with Mythical Games, Pudgy Party features chaotic multiplayer obstacle courses and mini-games for up to 20 players. “Early to the Party” SBTs will be delivered to eligible wallets after the game’s official launch. Pudgy Penguins is an early adopter of Soulbound Tokens, previously issuing “truePengu” tokens and collaborating with Sotheby’s for digital authentication badges. Pudgy Penguins (PENGU) has announced the official release of its “Early to the Party” Soulbound Token (SBT), a non-transferable digital badge rewarding early…