Author: NBTC

Ethereum treasury firm, Blockchain Technology Consensus Solutions (BTCS), is using DeFi lending protocol Aave to generate yield and buy more Ether. The CEO, Charlie Allen, disclosed this on X, noting it is farming yield through the platform. According to Allen, the Nasdaq-listed company deposited $100 million in Lido staked ETH (stETH) on Aave at a 3% yield per annum(APY), and borrowed $30 million USDT from the protocol at a 5% rate. It has now used the $30 million stablecoins loan to buy more ETH, which it is staking at 4% APY. 🔁 How @NasdaqBTCS Uses @aave for Leveraged ETH Yield…

Ethereum’s ether (ETH) raced ahead on Wednesday, leading the crypto market higher after a modest dip earlier this week. ETH broke above the $3,200 level for the first time since early February, gaining 6.5% over the past 24 hours, CoinDesk data shows. It’s now ahead a full 22% over the past seven days. Bitcoin also bounced back above $119,000 during the early hours of the U.S. session, climbing 2.6%. The CoinDesk 20 index, a broad-based benchmark focusing on majors, was up 4.5%.BTC investors bought this week’s dip to $116,000 from record highs hand over fist, analytics firm Glassnode noted. According…

In a move that’s sending ripples across the global financial landscape, China Asset Management’s (ChinaAMC) Hong Kong arm has just made history. Imagine a world where your investments are not just digital, but also more accessible, transparent, and efficient. That future is becoming a reality with the launch of the world’s first RMB-denominated tokenized money market fund. This isn’t just a technical achievement; it’s a profound statement about the direction of modern finance and a significant step forward for digital finance globally. What’s ChinaAMC’s Bold Move All About? ChinaAMC, a prominent name in asset management, has taken a giant leap…

The cryptocurrency market is a dynamic landscape, often influenced by the strategic maneuvers of large institutional players. Recently, a significant development involving Trend Research, a firm reportedly linked to LD Capital, has captured the attention of analysts and investors alike. This move signals a potentially pivotal shift in their portfolio strategy, raising questions about the immediate future of key DeFi assets. What’s Happening with Trend Research‘s Portfolio? According to reports from AmberCN, Trend Research has executed substantial withdrawals from Binance over the past week. These aren’t minor transactions; we’re talking about millions of dollars in prominent DeFi tokens. Specifically, the…

Grupo Murano, a $1 billion real estate firm based in Mexico, is pioneering a bold strategy to integrate bitcoin into its operations, with CEO Elías Sacal arguing that bitcoin is “demonetizing” the real estate industry. By shifting from traditional asset-heavy models to a bitcoin-centric treasury, the publicly traded company aims to optimize its finances and capitalize on bitcoin’s potential appreciation, offering a model for businesses navigating volatile interest rates and currencies. In an exclusive interview on the Bitcoin for Corporations show, Sacal, a 30-year veteran of real estate development, outlined Grupo Murano’s vision. The firm, which manages hotels under brands…

Since April, decentralized finance (DeFi) protocols have added approximately $49 billion in net total value locked (TVL). Interestingly, Aave accounted for around $15 billion of this increase and represented roughly 31% of the total growth across DeFi platforms during the period. Aave Leads the Pack The latest figure means that for every $10 billion added to DeFi TVL, Aave contributed about $3 billion, according to recent data shared by Sealaunch on Dune Analytics. Aave is a decentralized finance platform that allows users to lend and borrow crypto assets without relying on traditional intermediaries. Users who provide assets like stablecoins, Bitcoin,…

It may finally be the Ethereum season, as a multi-week consolidation breakout points to a rally to price levels last seen in December 2024. For context, Ethereum, the second-largest cryptocurrency by market capitalization, is slowly rediscovering its former glory. With Bitcoin consolidating after its recent surge to an all-time high, ETH is now taking the lead. Ethereum is up 5.25% in the past 24 hours, while BTC has increased barely 1%. Furthermore, Ether is the best-performing cryptocurrency in the top 10 rankings by market cap and the second in the top 15, as capital appears to be shifting towards the…

The financial world is constantly evolving, and the line between traditional banking and the burgeoning cryptocurrency sector is blurring faster than ever before. In a landmark move that signals a significant shift in the landscape, Shinhan Bank, a titan among South Korean financial institutions, has officially launched a dedicated crypto page within its popular SOL Bank application. This isn’t just another update; it’s a pioneering step, marking Shinhan Bank as the first Korean commercial bank to venture into this digital frontier with such a comprehensive offering. For anyone tracking the integration of digital assets into mainstream finance, this development is…

MEI Pharma announced Friday a $100 million private investment in public equity (PIPE) transaction to add Litecoin into its corporate treasury. The announcement is the first known instance of a publicly traded biotech company adopting Litecoin (LTC) as its primary reserve asset. Per a press statement published at 13:00 BTS, the investment round was led by Titan Partners Group and crypto trading firm GSR. MEI Pharma plans to raise gross proceeds of approximately $100 million through the sale of 29,239,767 shares of common stock, or pre-funded warrants, at $3.42 per share. The deal is expected to close on or around…

Marvin Bertin has raised concerns about the security risks posed by bridges and wrapped assets. He warned that these solutions introduce vulnerabilities that compromise Bitcoin’s security model. Bertin: Wrappers Are Worse In the rapidly expanding world of decentralized finance, cross-chain solutions like bridges and wrapped assets have emerged as popular tools to enhance interoperability between blockchains. However, Marvin Bertin, co-founder and CEO at Maestro, recently issued a stark warning on X: “Bridges are risky! Wrappers are worse. If it’s not on Bitcoin, it’s not Bitcoin.” Bertin’s assertion zeroes in on fundamental security vulnerabilities that, from his perspective, fundamentally undermine the…