Author: NBTC
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Bitcoin maxis, it’s time to take notice — sBTC on Stacks is here, and it’s designed to let your bitcoin work overtime, according to Andre Serrano, head of product at Stacks. “The nice thing about this is that you are eligible for this yield both by holding it as well as deploying it in DeFi,” Serrano told Blockworks. Here’s the alpha: Mint and hold sBTC — by bridging bitcoin into sBTC (a 1:1 bitcoin-backed asset secured via Stacks), users become eligible for rewards (bitcoinismore.org) paid out in…
The cryptocurrency market is abuzz with anticipation ahead of the Federal Reserve decision and comments from Fed Chair Jerome Powell later this week. The U.S. Federal Reserve’s final meeting of the year is slated for this week; the Federal Open Market Committee’s meeting on Tuesday and Wednesday is of particular interest to investors eagerly expecting this year’s final interest rate decision. Other economic statistics will be released throughout the week, including retail sales for November on Tuesday, weekly initial jobless claims and the GDP growth rate for the third quarter on Thursday. As of Monday, markets had priced in a…
The market for memecoins has been booming since the start of 2024 with trading volumes and market caps hitting new highs. Memecoins, which started as fun internet tokens, have become a cultural phenomenon in the crypto world. According to Wu Blockchain, platforms like Binance are noticing the cultural impact of memecoins. They point to tokens like Chill Guy, RIF, URO, and QUANT as examples of how these assets are connecting with people around the world. Binance published a memecoin-themed blog, mentioning that the Chill Guy memecoin attracted those who resonated with its laid-back spirit; projects such as RIF and URO…
Oasys, a game-optimized blockchain platform with key partnerships including Ubisoft and Yield Guild Games, has secured another major collaboration through a deal with Animoca Brands Japan. The gaming-focused blockchain announced on Dec. 17 that Animoca Brands’ Japan subsidiary had made a direct investment in Oasys and will also join as a new validator. As part of the partnership, Oasys will leverage Animoca Brands’ traction to expand its presence in the Greater China region. “Through this partnership, we aim to bring game developers and users around the world more innovative experiences advancing the blockchain gaming market,” Ryo Matsubara, Oasys representative director,…
WazirX has faced multiple allegations of misleading users, including false claims about surplus funds and withdrawal issues. The introduction of Recovery Tokens (RTs) has done little to alleviate user frustration, being seen as another unfulfilled promise. WazirX’s ongoing customer support failures and vague regulatory claims lead many to believe the platform is about to end. WazirX, one of the top cryptocurrency exchanges in India, is facing serious criticism. After several questionable actions that have left users feeling misled. The Introduction of Recovery Tokens (RTs) A crypto influencer, Aditya Singh, recently pointed out multiple lies from the platform, including false claims…
Jesse Colombo, known as the “Bubble Hunter” for his expertise in identifying and warning about speculative bubbles, has built a reputation as a contrarian voice in financial markets. He gained prominence after predicting the 2008 financial crisis and has since focused on highlighting risks in various asset classes, including real estate, tech stocks, and cryptocurrencies. Colombo is a vocal advocate for financial stability, often cautioning against exuberant market behavior. On Dec. 7, in a post on the social media platform X (formerly Twitter), Colombo called Michael Saylor’s proposal to sell all of America’s gold to purchase Bitcoin “outrageously foolish.” He…
Robinhood Markets, Inc. (NASDAQ: HOOD), based in Menlo Park, California, released its November 2024 data on December 11, highlighting notable growth across multiple metrics. The company reported increased funded customers, assets under custody, and trading volumes, underscoring a period of substantial expansion. With a focus on cryptocurrencies and increased customer engagement, Robinhood positions itself as a key player in the financial technology sector. Robinhood Added ~420k Funded Customers in Nov, Total of Up to 24.8 Million Robinhood added 420,000 funded customers in November, bringing the total to 24.8 million. This growth reflects the company’s ongoing efforts to attract and retain…
Meme tokens can hint at their reliability based on a metric of larger retail wallets. The presence of holders with more than $1,000 in assets signals the formation of a community, with more potential for long-term holding. Meme tokens vary in their prevalence of holders. Some assets are weighed down by insider holdings. Others are spread to many wallets, which only hold insignificant amounts. A metric of wallets with a balance of more than $1,000 was a notable indicator of a token’s cult status. Among all meme assets, Pepe (PEPE) had the biggest prevalence of this type of mid-range retail…
Cryptocurrency exchange Coinbase recently delisted Wrapped Bitcoin (WBTC), one of the versions of Bitcoin bridged to the Ethereum network. Justin Sun, who had recently joined the WBTC management along with BitGo, the company behind WBTC, filed a lawsuit against Coinbase and argued that WBTC was maliciously delisted after Coinbase launched its own equivalent altcoin, cbBTC. It was thought that after Justin Sun, a controversial cryptocurrency figure, joined the WBTC board, the token became risky, which is why Coinbase made the decision to delist. Coinbase defended its position by citing Sun’s alleged history of bad behavior and the need to protect…
Montreal, Canada – T-RIZE Group, a trailblazer in Real World Asset (RWA) tokenization, has secured a $300 million deal to tokenize Project Champfleury, a cutting-edge 960-unit residential development in Canada. This deal is a milestone for T-RIZE Group, further solidifying its leadership in blockchain-powered real estate investments.—Disrupting Traditional Real EstateT-RIZE Group is positioning itself at the forefront of the tokenization revolution, applying institutional-grade financial strategies to large-scale construction projects. Global financial giants like BlackRock and Franklin Templeton have already embraced asset tokenization, and T-RIZE is now bringing this innovation to real estate.Madani Boukalba, CEO of T-RIZE Group, said: “Project Champfleury…