Author: NBTC

GaFin, a well-known Web3 gaming platform, has partnered with Cyber Crash, a cyberpunk-themed RPG. The partnership aims to establish a cyberpunk universe with seamless merger of Web3 and Web2 elements to redefine the Web3 gaming experience. As the GaFin’s official social media announcement discloses, the development is set to provide players with an immersive RPG environment. Hence, this initiative is set to advance decentralized gaming and real-world player rewards to drive deeper engagement. 🚀 PARTNERSHIP ANNOUNCEMENT 🚀@Gafin_io x @CyberCrashRpgWe’re excited to announce our partnership with CyberCrash RPG — a next-gen cyberpunk universe where Web2 and Web3 collide! ⚡️To kick things…

Lumia, the oracle layer of Web3, which also acts as the liquidity layer, has announced a strategic partnership with Alchemy, a top-level blockchain development platform. This partnership aims at upgrading the existing core infrastructure of Lumia by using Alchemy’s Remote Procedure Call (RPC) nodes. This upgrade will greatly enhance the speed and credibility of Lumia and will also enable it to scale; especially within the institutional space and high-end blockchain developers. Upgrading to an Industry-Grade Infrastructure The highly competitive and performance-centric world of Decentralized Finance (DeFi) asks for best performance. For Lumia, which aims to become a reliable source of…

Aave Labs has launched Horizon, its new platform dedicated to institutional borrowers to access stablecoins using tokenized versions of real-world assets (RWAs) like U.S. Treasuries as collateral. At launch, institutions will be able to borrow Circle’s USDC, Ripple’s RLUSD and Aave’s GHO against a set of tokenized assets, including Superstate’s short-duration U.S. Treasury and crypto carry funds, Circle’s yield fund, and Centrifuge’s tokenized Janus Henderson products. The platform aims to offer qualified investors with short-term financing on their RWA holdings and allow them to deploy yield strategies. With Horizon, first announced in March, Aave aims to tap into the rapidly…

Ethereum is showing renewed strength, with its price pushing to $4,315 after a successful and decisive bounce from a key support zone. The recovery validates recent analyses from top traders who had flagged the dip as a high-probability buying opportunity. “High-Probability” Bounce Plays Out Just days ago, market strategist Michaël van de Poppe identified the $4,000 to $4,200 range as a strong support block where a bounce was highly likely. His analysis, which assigned a 70% probability to a reversal, appears to have been spot on. The dip into that zone was met with strong buying pressure, confirming it as…

The privately held company has made adjustments to the ETFs it manages, both reducing and adding to specific positions. Falling Prices Ark Invest, the investment management firm with more than $6 billion in assets under management (AUM), reduced the size of its ARKB (ARK 21Shares Bitcoin ETF) by 559.85 BTC, or approximately $64.4 million, as reported by the market watcher page Whale Insider yesterday. The crypto community responded with mixed feelings about the sale, with some indicating that it was a regular rebalancing of the fund. In contrast, others outright questioned it or even mocked it. Data collected at print…

In a dramatic — and slightly odd — pronouncement, US Secretary of Commerce Howard Lutnick declared on national television that “the Department of Commerce is going to start issuing its statistics on the blockchain. He added, “We’re going to put GDP on the blockchain so people can use the blockchain for data, distribution, and then we’re going to make that available to the entire government, so all of you can do it.” So yeah, Lutnick — who held and attested to Tether’s reserves– doesn’t seem to understand what a blockchain is or how it works. Troubling? Only if you care…

Sygnum, a leading digital asset banking platform, has partnered with Ledn, a prominent BTC-backed lending firm. The partnership takes into account a $50M $BTC-covered syndicated loan to broaden tokenized private credit’s accessibility and cater to the rising institutional demand for crypto-supported, yield-bearing debt instruments. As the platform revealed in its official press release, the initiative displays the potential of tokenization in reshaping the markets of private credit. Hence, the development enhances the unique investment opportunities for qualified and institutional investors. 📣 News: Sygnum and @hodlwithLedn Close Syndicated Loan, Opening Access to BTC-Backed Tokenized Private Credit https://t.co/BkSy9Ce1sLSygnum arranges USD $50 million…

Transactions and daily active addresses on Ethereum are approaching all-time highs, signaling renewed engagement on the network as public companies rush to scoop up ETH for their crypto treasuries. Ethereum Transactions and Active Addresses On Thursday, Aug. 15, the network recorded nearly 1.8 million transactions, according to Token Terminal data, nearing its all-time high of 1.9 million transactions. Daily transactions have since stabilized at around 1.5 million on average, up from roughly 950,000 in January 2024. Daily active addresses are also climbing, nearing 600,000, setting a new record when excluding occasional spike days in 2023. Ethereum Fees At the same…

Crypto companies that dumped coins into their balance sheets earlier this year are now watching their stocks bleed. August crushed the rally these firms enjoyed just weeks ago, slamming names that had become investor magnets during the sideways bitcoin market. The sell-off arrives just before the Federal Reserve’s Jackson Hole symposium, where whatever the hell Jerome Powell says next could drag these stocks even deeper, or spark a quick rebound. This entire picture was reported by CNBC, who tracked every company in the space holding crypto as treasury. Some of these companies had only just started their crypto play. Ethzilla,…

This is a segment from The Drop newsletter. To read full editions, subscribe. Camp wants to prove that an IP-focused chain can work long-term. The Camp mainnet has been officially deployed as of this morning, along with its native CAMP token. The team worked with crypto infra firm Gelato and is using the Abundance rollup L1 stack, which is built on Celestia. The CAMP token is expected to facilitate creator royalties and AI-agent monetization, in addition to functioning as a gas and governance token. “We’re going to continue to see growth in AI, but without the proper infrastructure or the…