Author: NBTC
In the rapid-paced DeFi sector, total value locked works as a key metric to measure the growth and adoption of the projects. As per the latest data from DefiLlama, Ethereum, Solana, and Bitcoin gained the top positions among the blockchains this week in terms of total value locked. The other prominent names in the top-10 list include Tron, Binance Smart Chain, Base, Arbitrum, Berachain, Sui, and Avalanche. Ethereum Keeps Dominating Blockchains as TVL Reaches $58.075B As per the list of top chains in line with TVL, Ethereum maintains its peak place. As per the market data, the total value locked…
Bitcoin Exchange Binance Announces Listing of Another USD-Backed Stablecoin! Here Are the Details
Binance has announced the listing of StraitsX USD (XUSD), a US dollar-backed stablecoin, and the XUSD/USDT spot trading pair will open for trading on March 19, 2025 at 11:00 AM ET. Binance to List StraitsX USD (XUSD) with Zero-Fee Trading Promotion To celebrate the launch, Binance is offering a zero-fee promotion for XUSD/USDT spot and margin trading pairs, allowing users to trade XUSD without paying any fees starting at 11:00 AM on March 19 until further notice. Basic Listing Details New Trading Pair: XUSD/USDT Deposits: Available immediately Withdrawals: Will open on March 20, 2025 at 11:00 (estimated time) Listing Fee:…
With Bitcoin holding steady above $90,000 and many investors in profit, the risk of panic selling is minimal, analysts suggest. Investors are unlikely to panic sell as long as Bitcoin’s (BTC) price stays above the $90,000 threshold, analysts at Singapore-based blockchain firm Matrixport say. As trading volumes have skyrocketed, jumping from $40 billion to nearly $400 billion at times, more investors are jumping in, with Matrixport seeing this trend to “continue driving adoption in 2025.” #Matrixport Today 📈 – Feb 17 2025⬇️#Crypto Market Surge: Rising Institutional Influence and #Adoption in 2025#CryptoFinance #CryptoMarket #BTC #CryptoInvesting pic.twitter.com/UsawmQXsOG — Matrixport Official (@Matrixport_EN) February…
Excessive fundraising weakens VC confidence in crypto startups despite regulatory improvements
Venture capital funding for crypto startups has yet to rebound in line with recent regulatory clarity in the U.S. despite showing signs of recovery in the months following President Donald Trump’s election. According to analysts, the excessive capital inflows during 2021 and 2022 did not result in proportional returns for investors, which has damaged confidence and reduced the VC money inflow. Underwhelming performance MV Global partner Tom Dunleavy said that the crypto industry raised excessive capital relative to the number of high-quality projects. He noted that venture firms optimized for short-term token gains rather than fostering long-term businesses in an…
The possibility of an XRP Exchange-Traded Fund (ETF) has sparked much interest in the crypto community. Recently, the CBOE filed the 19b4S for Bitwise’s XRP ETF, along with other companies looking to get approval. Matt Hougan, Chief Investment Officer at Bitwise, discussed the potential for these ETFs in a recent discussion, shedding light on the current state of XRP ETFs. In an interview with Thinking Crypto, Hougan explained that there had been several starts and stops with ETF applications in the past, with some applications being filed and later withdrawn. However, the fact that multiple issuers are now refiling their…
Kraken, a cryptocurrency exchange, has announced the launch of its new colocation service. This service is designed for clients and partners who require ultra-fast execution. It aims to improve trading performance and scalability, while providing fair and transparent access to Kraken’s global crypto markets. In addition, Kraken has received approval from the UK’s Financial Conduct Authority (FCA) for an Electronic Money Institution (EMI) license. This allows Kraken to issue electronic money and offer quicker deposit and withdrawal options for UK clients. “Kraken has spent over a decade continuously enhancing our infrastructure and technology, and this is the next step in…
Bhutan leverages hydropower for Bitcoin mining, holding over $1B in BTC to strengthen its economic resilience. Gelephu Mindfulness City plans to integrate Bitcoin and Ethereum into Bhutan’s financial reserves for economic growth. Bhutan, amid the majestic mountain landscape and a life steeped in tradition, has a modern narrative that is little known to the general public: the country owns more than $1 billion in Bitcoin. Who would have guessed that the nation renowned for its gross national happiness (GNH) was silently expanding influence in the space of digital assets? This narrative started long before the word of Bitcoin ownership leaked.…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As Blockworks kicks off the Digital Asset Summit in New York, Fed officials will be gathering for their March Federal Open Market Committee (FOMC) meeting in Washington. The central bank is overwhelmingly expected to hold interest rates as-is, continuing a pause to its rate-cutting schedule. After next week, the Fed won’t have another rate-setting meeting until May; odds of a cut then are only around 30%, CME data shows. Betting on a “Trump put” at this point is, dare I say, wishful thinking. President Trump announced…
American entrepreneur Jason Calacanis, who is widely known as one of the most prominent angel investors because of his early bets on Uber, Robinhood, and other companies, has lambasted the Ripple-affiliated XRP token as “a centralized controlled security.” “According to every crypto OG I talk to, it’s the opposite of Bitcoin,” he said. The 54-year-old investing legend has predicted that the potential approval of spot XRP exchange-traded funds will render the securities laws worthless. In fact, Calacanis believes that the launch of XRP ETFs could result in full-blown “chaos” that could threaten the country’s “stable and controlled” markets. “There will…
Robinhood expanded its trading offerings with a new prediction markets hub to enable users trade on the outcomes of major events. Initially, traders can speculate on the Federal Reserve’s interest rate decisions and upcoming college basketball tournaments, the company mentioned. “We believe in the power of prediction markets and think they play an important role at the intersection of news, economics, politics, sports, and culture,” commented JB Mackenzie, VP & GM of Futures and International at Robinhood. “We’re excited to offer our customers a new way to participate in prediction markets and look forward to doing so in compliance with…