Author: NBTC
The tokenization of real-world assets (RWAs) has the potential to revolutionize traditional finance, and a dedicated blockchain is crucial for its rapid adoption, according to John Patrick Mullin, CEO and co-founder of Mantra. Mantra bills itself as just such a solution, pitched as a “security-first” layer-1 blockchain designed to keep up with real-world regulatory requirements. According to Mullin, tokenizing real-world assets involves more than just recording transactions on a blockchain. “Dedicated blockchains like Mantra Chain are purpose-built to address these requirements, integrating both legal and technical frameworks essential for managing such complex operations effectively,” he told Decrypt. This approach ensures…
Ethereum has recently faced a notable rejection and experienced a 13.3% decline after breaking above the 100-day moving average. The price is currently struggling to break below the 200-day MA, indicating a notable bearish sign if the breakout occurs. By Shayan The Daily Chart A close examination of Ethereum’s daily chart reveals that after breaking out above the critical 100-day moving average at $3,354 and a brief period of consolidation, it experienced a significant rejection, resulting in a 13.3% drop. This decline has led to a break below the crucial 100-day MA support region, suggesting a bull trap. Despite this,…
Wall Street expects the Fed to cut interest rates in September and more to follow if the economy doesn’t slow down. Michael Gapen, head of U.S. economics at BofA Securities, recently joined Morning Brief live on Yahoo Finance to provide insight into what potential rate cuts could look like down the road. Gapen believes that initially there will be a three-month discount cycle, that is, a gradual reduction. Gapen said in his statement: “But obviously when you look further out, we can write these kinds of stylized baseline forecasts that assume a lot of things are going well. And I…
NEAR Protocol poised for a new all-time high soon. Valour’s ETF highlights NEAR’s scalability and developer-friendly environment. NEAR Protocol’s ecosystem grows with strategic partnerships and community support. NEAR Protocol, a well-regarded blockchain platform, has lately gained significant attention. This surge in interest follows Valour’s launch of an ETF focused on NEAR Protocol. Valour, a leading issuer of digital asset exchange-traded products (ETPs), has taken a strategic step that many believe will drive NEAR’s growth to new heights. As the post below suggests, NEAR might surprise everyone by reaching a new ATH. No way I’m selling my $NEAR below the 2021…
Just how far can crypto-friendly campaign promises from former president Donald Trump carry Bitcoin? Potentially not far, writes 10x Research founder Markus Thielen, noting that other market factors may ultimately stymie whatever bump might be attributed to the presumptive Republican presidential nominee’s embrace of crypto. Bitcoin climbed by 4% over the weekend, bolstered by a mix of political and market factors, but there’s still signs the boost is temporary. In its latest report, 10x Research pointed out that Bitcoin was “deeply oversold,” with all three technical reversal indicators flipping to bullish. Thielen noted that the expected delay of spot Ethereum…
AAVE price soared nearly 11% intraday and was exchanging hands close to $101 at the time of writing. The recent surge in the altcoin seemed to be linked with a new governance proposal that could initialize a fee switch and a token buyback program. Furthermore, the recovery in the broader market due to the Bitcoin 2024 conference helped AAVE to some extent, leading to a double digit rise intraday. As per the analysts, following the proposals, the market activity as well as user engagement surged significantly. New Tokenomic Proposal Indicates Optimism in AAVE The recent surge in AAVE can be…
Aerodrome, a prominent decentralized exchange, has made an extraordinary achievement by reaching a peak in the on-chain trading volume of ETH. Aerodrome effectively accomplished this remarkable development irrespective of its eighty-six percent less liquidity in comparison with UniV3. The platform took to its official social media account to disclose this move. Aerodrome Tops On-Chain ETH Trading Volume ✈️@dexscreener: In 24hrs, Slipstream’s $WETH – $USDC surpassed UniV3’s mainnet pool with 86% less liquidity.Aerodrome’s capital efficiency is unmatched, and traders prefer @base. pic.twitter.com/a4Hhr3Mhkr — Aerodrome (@AerodromeFi) July 27, 2024 Aerodrome Sees Top On-Chain Trading Volume of ETH The platform pointed toward the…
Trust Wallet now supports Notcoin and all TON jettons, enhancing user accessibility. Pixelverse’s Twitter suspension sparks user outrage and confirms scam allegations. Notcoin just announced on X that Trust Wallet now supports Notcoin (NOT) and all the TON jettons. Users can now store, send, buy, and sell Notcoin directly from the app. This integration is a key milestone for Notcoin, increasing its accessibility and usability in the cryptocurrency ecosystem. @TrustWallet now supports Notcoin and all the TON jettons. You can hold, send, buy and sell it directly from the app. Check the price, they got the vibe#probablynothing pic.twitter.com/dnya89AP2m — Notcoin…
While the leading cryptocurrency Bitcoin (BTC) has continued its horizontal movements in the range of $ 62,000-63,000 in recent days, investors who have endured declines for a long time are expecting a big rise. However, a report came from Bitfinex analysts that would upset investors. According to The Block, analysts say that long-term Bitcoin owners have started to make profits again and predict that these investors may sell profits. According to analysts, if long-term investors’ profit taking increases, this could put significant downward pressure on the Bitcoin price in the short term. “Long-term investors, who have been taking a break…
Ethereum (ETH) has been consolidating in the past few days. It appears that the leading altcoin is lacking support from bulls. In fact, we are now witnessing some sell-offs as well. As per Whale Alert, an Ethereum whale triggered a major Ethereum sell-off earlier today. The tracking service reported that this whale transferred 10,291 ETH to crypto exchange Coinbase. This transaction is worth around $33.7 million, based on the current ETH price level. The timing of this whale transfer is crucial as it comes at a time when Ethereum is struggling to get bullish momentum. Notably, crypto whales hold coins…