Author: NBTC
Although the leading cryptocurrency Bitcoin reached $69,000 on March 5, it could not stay there due to the selling pressure it faced, but a few days later it broke a record and exceeded $69,000. Since then, BTC has exceeded $ 73,000 and renewed its ATH, while experiencing a correction that started yesterday evening and went up to $ 65,000. While this correction in Bitcoin was also effective in altcoins, especially Ethereum, all eyes turned to Bitcoin and Ethereum options that will expire today. According to the news of Singapore-based crypto options data platform Greeks.live, 30,000 BTC and 330,000 ETH options…
The Ripple CTO David Schwartz recently revealed an avenue for burning liquidity provider (LP) tokens for any AMM on the XRP Ledger (XRPL). The prospect of incinerating LP tokens has emerged as a significant topic following the introduction of native AMM functionality to the XRP Ledger. Notably, the XRPL is now home to 193 AMMs less than three weeks after the AMM functionality went live. DepositAuth Flag on XRPL AMM Accounts As adoption sees a marked uptick, discussions around the burning of LP tokens have taken center stage. Schwartz’s explanation came in response to a community dialogue concerning the DepositAuth…
New partnership integrates Xterio’s Web3 games with Forge’s engagement platform. Game rewards and engagement platform Forge has announced a strategic partnership with Web3 gaming ecosystem Xterio. This collaboration aims to connect gamers with Xterio’s library of Web3 games, including titles such as Age of Dino, Overworld, and Palio. The partnership leverages Forge’s platform to introduce Xterio’s content to a broader audience, enhancing user engagement and retention through integrated SocialFi rewards. “Our mission at Forge is to enhance the gaming experience for both players and game creators and publishers,” said Kun Gao, CEO at Forge. “With this partnership with Xterio, we…
The Solana (SOL) network currently faces congestion issues and transaction failures, bringing uncertainties to its trading ecosystem. Nevertheless, a trader has still managed to make from $530,000 to over $6 million in a month. This Solana trader bought 12.08 million of boden, a meme coin playing with U.S. President Joe Biden’s image. Notably, the purchase happened two days after its launch for a cost of 3,100 SOL, worth $530,000. Lookonchain reported this case on April 9, in a post on X (formerly Twitter). Then, the anonymous trader started selling the meme coin on April 6, one month after the purchases.…
Ethereum hero shooter The Machines Arena (TMA) will enter open beta next week after spending a year in closed beta. Alongside this, Directive Games has announced that the game—which runs on Ethereum sidechain network Ronin—will also be available to play on Android mobile devices. The open beta will be available to download via the Epic Games Store, or through the TMA website for Android starting Tuesday, April 23. After this launch, the game will also be playable through Mavis Hub—the launcher of the Ronin gaming network on Ethereum—on both PC and Android. “After months of hard work, fine-tuning, and incorporating…
VeChain introduces the Green Ambassador Challenge, blending sustainability and education in a unique blockchain experience. Exploring whether this initiative can influence VeChain’s VET cryptocurrency to reach $0.05. VeChain has unveiled its Green Ambassador Challenge, accessible through the VeChain app hub. This initiative marks a significant step in blockchain technology, simplifying the trading of tokenized assets. It opens a developer-friendly environment for deploying real-world assets on the blockchain. The Challenge provides a gamified learning adventure focused on sustainability, incentivizing users with rewards for completing educational challenges. Its mission is to intertwine sustainability with education, empowering individuals to adopt eco-conscious living. The…
The Michael Saylor-led software company MicroStrategy has upsized its planned convertible senior notes offering from $500 million to $525 million. The company intends to use the proceeds to acquire more Bitcoin, as per their recent press release, following a strategy it has pursued since 2020. MicroStrategy announced it had priced the 0.875% convertible senior notes due 2031 in a private offering to qualified institutional buyers. The notes will be sold at 100% of the principal amount with an annual interest rate of 0.875%, payable semiannually. After March 2028, the company can redeem the notes in cash at 100% of the…
AI crypto coins increased by an average of 257% between January and March of this year. This was revealed in a Coingecko report. Among the top 25 most popular AI coins, Bittensor, Render, and Fetch.ai led the pack in the same period. Also, a significant number of smaller AI-related coins garnered enough attention to enter this competitive list. Meanwhile, fifteen countries globally accounted for more than 74% market share of global interest in the AI crypto coins narrative. The US and the UK took the 1st and 2nd spots, respectively, while Southeast Asia showed a particularly outsized interest in these…
Bitcoin (BTC) fell below weekly lows on Friday, reaching as low as $65,600 after hitting fresh all-time highs. However, market observers remained calm, attributing the dip to typical corrective moves within a broader uptrend. Popular commentator On-Chain College, which boasts over 52k followers on X, noted that a 10% retracement in Bitcoin’s price is normal during bull runs, contrasting it with the possibility of greater than 30% corrections. With the majority of the supply sitting in unrealized profit after the strong move to all-time highs, On-Chain College described the Bitcoin dip as “very normal bull market behavior.” “This drop is…
The recently introduced XRPL AMM feature has a functionality that helps burn XRP tokens when market participants create new AMMs. The XRP Ledger (XRPL) has taken another step toward a deflationary model with the introduction of its Automated Market Maker (AMM) feature. While this functionality primarily looks to provide liquidity, it also has a built-in mechanism that burns XRP tokens, contributing to its scarcity. How the XRPL AMM Feature Burns XRP In a recent post on X, Panos Mekras, a key figure in the XRP community and co-founder of Anodos Finance, highlighted the deflationary impact of the AMM feature. Did…