Author: NBTC
Aave’s governance is now weighing an ARFC proposal to bring V3 to Sonic, backed by a $63 million liquidity commitment. Aave (AAVE) could be heading to Sonic, an EVM-compatible blockchain network from the creators of Fantom, if a fresh governance proposal gains support. Submitted by the Aave Chan Initiative on Jan. 31, the Aave Request for Comment #8d417 points to Sonic’s high transaction speed and fee-sharing model as key incentives for deployment. If approved by Feb. 4, the move would come with a $63 million liquidity commitment, including a $15 million funding pledge from the Sonic Foundation, $20 million in…
Looking for free NFT giveaways can be a headache. There are so many platforms and projects, but how do you know which ones are trustworthy and worth the effort? It can feel overwhelming trying to find genuine NFT projects. It’s frustrating, right? You spend hours scrolling through different sites, hoping to find something worth your time, only to run into dead ends or scams that steal your info. The last thing you want is to get your hopes up, only to be disappointed by fake or low-quality giveaways. But don’t worry! We’ve got you covered. In this article, we’ll show…
While volatility has been effective in the Bitcoin (BTC) and cryptocurrency markets in recent days, today all eyes are on the FED’s January interest rate decision. As is known, the FED made its first interest rate cut in September and made an aggressive start to the discount cycle with a 50 basis point cut decision. The FED also made a 25 basis point rate cut in November and December. After these interest rate cuts, dollar, gold, stock market and cryptocurrency investors closely follow the January decision, which is the first interest rate decision of 2025, while the questions of whether…
In a significant transaction that has caught the attention of the cryptocurrency community, 90,000,000 DOGE, valued at approximately $36,438,179, was transferred from an unknown wallet to Binance, the world’s largest cryptocurrency. Blockchain data tracker Whale Alert reports this movement, which took place hours ago, involving the transfer of “90,000,000 DOGE worth $36,438,179 from an unknown wallet to Binance.” 🚨 🚨 90,000,000 #DOGE (36,438,179 USD) transferred from unknown wallet to #Binancehttps://t.co/ByKcXICgEa — Whale Alert (@whale_alert) January 19, 2025 Such large transfers often spark speculation and curiosity within the crypto community, as they can indicate various potential market activities. Deposits to exchanges…
The People’s Court of Pingjiang County, Hunan Province, has classified futures trading on a crypto exchange as gambling. The ruling has resulted in the conviction of several BKEX exchange employees and external promoters as accomplices in the crime of opening a casino. However, most of the sentences were ultimately suspended. BKEX Exchange and the Gambling Allegations The BKEX exchange, founded in 2018 by Ji Jiaming, is central to the case. Wu Blockchain, citing recently published criminal judgments, reported that Ji Jiaming is on the run. BKEX exchange was initially established under Chengdu Dechen BiKe TianXia Technology Co., Ltd., facilitating cryptocurrency…
Crypto.com increased its share of the centralized crypto exchange market in 2024, while industry leaders Binance and OKX saw declines, according to a report from CCData. Among the largest exchanges, Binance, Bybit, and Coinbase led in spot trading volume in December, collectively accounting for 55.7% of total volume — down from 58.4% in November. Centralized exchanges ended 2024 with a record annual trading volume of $75.8 trillion, surpassing the previous high of $65.1 trillion in 2021. Analysts expect continued market shifts, with Crypto.com, Coinbase, and Bitget well-positioned for growth, while Binance and OKX face further competition. Crypto.com emerged as one…
The following is a guest post from Christina Comben. Fisher Yu is the co-founder and CTO of Babylon, the Bitcoin staking protocol causing a stir among forward-thinking HODLers. Polite and friendly, he asks how I’m doing and where I’ve flown in from to attend the first Bitcoin Conference in the MENA region. “Not as far as you,” I smile and he laughs, having traveled thousands of miles from Australia to Abu Dhabi. We make our way through throngs of people meandering in the exhibition hall, striking up conversations, checking out booths, and listening to panelists discuss the latest advances in…
In a surprising turn of events in the crypto sector, a whale has witnessed a huge loss. As per Onchain Lens, the crypto whale deposited up to 5.09M $THE tokens into the prominent crypto blockchain Binance just to see $1.8M in losses. The on-chain analytics provider disclosed this development on the social media platform X. A whale has deposited 5.09M $THE worth $4.66M into #Binance, incurring a loss of $1.8M.The whale accumulated these tokens over the past 12 days for $6.46M.Address: 0xa595860d3faacebc6203a21b1e73f75bdc4da8f9 pic.twitter.com/aRnm0EdelF — Onchain Lens (@OnchainLens) January 19, 2025 Crypto Whale Sees $1.8M in Losses after Depositing 5.09M $THE…
Nayib Bukele, El Salvador’s iconic Bitcoin-loving president, just fired shots at former US Senator Bob Menendez, who was sentenced to 11 years in prison on Jan. 29 after investigators found gold bars and half a million in cash hidden in his house. Nayib couldn’t resist pointing out the absurd irony. “This guy said we used Bitcoin for money laundering and corruption,” he said in a post with a laughing emoji. Binance founder Changpeng “CZ” Zhao and X owner Elon Musk himself both reposted the post. For years, Menendez hounded Nayib over El Salvador’s Bitcoin Law, accusing the country of financial…
Swap volumes on XRP Ledger’s decentralized exchange (DEX) crossed the $400 million mark in January as the network gains traction among larger players, Ripple Labs CEO Brad Garlinghouse said in a community call on Wednesday, Volumes average over $17 million daily this month, with over $1 billion since its 2024 launch. The rapid expansion of the XRP Ledger’s DEX was one of the key reasons that made 2024 “one of the most monumental years for Ripple,” Garlinghouse said, alongside the “early but promising traction” of Ripple’s US dollar-pegged stablecoin, RLUSD, along with multiple filings for proposed XRP exchange-traded funds (ETFs).…