Author: NBTC
On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the stablecoin’s reserve backing. USDE Stablecoin Project Extends to Solana, Includes SOL Backing Despite witnessing redemptions totaling around $300 million in under two weeks, Ethena Labs proceeded with the Solana integration. “August 7th marks Ethena’s Solana integration,” Ethena Labs said on X. “USDE deployed on Solana thanks to Layerzero Labs OFT [and] SOL onboarded as a backing asset for USDE, subject to governance.”…
A recent development in the Bitcoin market has seen a significant accumulation by the whales. As per Lookonchain, a popular on-chain analytics firm, a couple of whales have withdrawn a cumulative amount of up to 3,463 $BTC with a value of $219M from the prominent crypto exchange Binance in the past twelve hours. The analytics provider disclosed this on its official social media account. Whales are accumulating $BTC!2 whales have withdrawn 3,463 $BTC($219M) from #Binance in the past 12 hours!Address:bc1q57rcscs6ztj0xnslwkt4nervxkpen07h9h2jnr2hkwlg3lwuljrsdwt2m212993NM9fV8dSSQgbWDZSBVgqtPw4DaAXS pic.twitter.com/Ux4YXKrZ20 — Lookonchain (@lookonchain) September 24, 2024 Bitcoin Whales Amass $219M in $BTC Through Big Withdrawals from Binance Lookonchain pointed…
Software engineer Max Resnick sparked an intriguing conversation today on X with his bold take on Ethereum’s broader potential. Resnick highlighted that while Ethereum is often viewed as a ledger of record for its native asset, ETH, its capabilities extend far beyond being a store of value or a form of digital money. He emphasized that Ethereum represents “the future of finance.” His remarks resonated with the idea that Ethereum’s blockchain is not limited to being a digital silver or a decentralized version of Venmo. Instead, he emphasized Ethereum’s power to reimagine the global marketplace by improving market efficiency. The…
Cryptocurrency asset manager Grayscale announced new investment funds – Grayscale Sui Trust and Grayscale Bittensor Trust – on 7 August. We are proud to announce the creation of two new single-asset crypto investment funds, available through private placement: Grayscale Bittensor Trust $TAO and Grayscale Sui Trust $SUI.Available to eligible accredited investors.Press release: https://t.co/Xplh81KI9W1/3 pic.twitter.com/pGcLhcZSdD — Grayscale (@Grayscale) August 7, 2024 The strategic move underscores Grayscale’s dedication to broadening its product to meet the increasing demand for cryptocurrency. The new products aim to boost exposure to progressive digital currencies. Grayscale Head of Product and Research Rayhaneh Sharif stated, “With the launch…
Centralized Exchanges have reportedly shown record trading volume over the last seven days, dominating the crypto market. Binance retains the number one position in the distribution of the quarterly trading volume worldwide. According to the latest report on centralized exchanges (CEXs), the total CEX trading volume reached $131.17 billion in the week ending September. Binance dominates the market with $60.7 billion of the total market. TOP CENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Binance #Bybit #Cryptocom #OKX #Upbit #HTX #GateIo #MEXC #Coinbase pic.twitter.com/A6fnjI3Btr — PHOENIX – Crypto News & Analytics (@pnxgrp) September 30, 2024 Binance Maintains Dominance Binance has extended its…
In recent days, the prezzo di bitcoin has seen a rapid surge, surpassing the 64,000 dollar mark. This significant rise has been fueled by expectations of a possible monetary easing by the United States Federal Reserve (Fed). With traders betting on a second consecutive interest rate cut of 50 basis points, the odds of this move have increased up to 61%, creating a favorable atmosphere for digital assets like bitcoin. The price of Bitcoin and the monetary policy of the Fed The influence of interest rates on the price The influence of the global economic context Conclusion The price of…
Ethereum’s (ETH) price has been struggling to break from the resistance at $2,698 for over six weeks, with repeated failed attempts to secure a close above this level. This resistance has kept the altcoin king in consolidation, preventing further gains. However, market participants expect October to be the turning point for Ethereum, possibly setting the stage for a significant rally toward $3,000. Ethereum Is on Track to Rally The sentiment around Ethereum is notably bullish, especially among large investors. In the past month, addresses holding between 100,000 and 1 million ETH have accumulated over 600,000 ETH, valued at more than…
On August 7th, the cryptocurrency market saw significant gains across various projects. Neiro, an Ethereum-based token, led the market with a remarkable 44.4% increase in the last 24 hours. This surge brings its price to $0.278. With a market cap of $276 million and trading volume of $44.2 million, Neiro is gaining significant attention on Uniswap. Top 7 Gainers of the Day – Aug 7th@neiro_ethereum $NEIRO +44.4%@Popcatsolana $POPCAT +35.7%@mumu_bull $MUMU +32.2%@GetBlockGames $BLOCKK +31.9%@michionsolana $MICHI +28.5%@DriftProtocol $DRIFT +27.8%@dogwifcoin $WIF +27.5% pic.twitter.com/yntBtWSmwD — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) August 7, 2024 Popcat follows closely with a 35.7% price jump, reaching $0.597.…
Robinhood Markets announced today (Tuesday) the launch of cryptocurrency transfers for its European customers, marking an important expansion of its services in the region. The new feature enables users to deposit and withdraw two dozen digital assets, including major tokens such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC). The move comes in response to high demand from European traders and aims to provide greater flexibility and control over digital assets. To promote the new offering, Robinhood Crypto prepared a limited-time offer of a 1% match on all crypto deposits, paid out in the same cryptocurrency deposited.…
In response to a pro-Bitcoin investors’ statement, prominent Bitcoin critic and gold advocate Peter Schiff expressed his opinions on the cryptocurrency’s lack of usefulness. Without Bitcoin, the investor stressed, people are losing out on a major opportunity. Schiff responded to this by saying that Bitcoin is not as useful as resources like gold and oil, which are vital to the world economy. In his defense of gold and oil, Schiff emphasizes their practical advantages. In the jewelry and electronics industries, among others, gold is used as a trustworthy store of value. Conversely, oil is essential for manufacturing transportation and energy.…