Author: NBTC
Despite a sluggish growth in the crypto markets, Sonic posted a strong rally this week, fueled by notable DeFi expansion and bullish technicals. While fears over escalating tariffs continue to weigh on investor sentiment, Sonic (S) broke out on Friday, April 4, reaching a daily high of $0.514, marking an 11% increase in 24 hours. The rally appears to have been driven by multiple milestones in Sonic’s decentralized finance ecosystem, which has shown steady growth in both usage and capital inflows. The total bridged value locked across the Sonic decentralized finance ecosystem is approaching the $2 billion milestone. On April…
According to the latest Binance research, the NFT market saw a sharp drop in March 2025. Total sales volume across the top 10 blockchains fell by 12.4%, signaling weaker buyer interest. Only two chains—Immutable and Panini—bucked the trend. The number of unique NFT buyers dropped to its lowest level since October 2023, pointing to a slowdown caused by global economic pressures. Are NFTs Dying Out in 2025? Ethereum-based NFTs suffered the most. Sales on the network dropped 59.3%, with only CryptoPunks recording any growth among the top 20 collections. Bored Ape Yacht Club and Pudgy Penguins both posted losses of…
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. In this week’s roundup, David Canellis looks at a 13-year-old job post that transformed crypto, a Kenyan startup combining crypto mining with hydroelectric power, and Gamestop’s bitcoin buying spree. Opportunity knocks The year is 2012. Skrillex’s “Bangarang” is playing somewhere in the background, and you’re debating whether to see The Hunger Games or 21 Jump Street at the cinema. You decide to scroll Hacker News instead. A new post catches your eye — “Apply with me to YC [Y Combinator] in the next 3 days and…
Ripple has launched a pilot project that will see its stablecoin, Ripple USD, used for drought relief in Kenya. The announcement comes just days after Ripple integrated the Ripple USD (RLUSD) stablecoin in its payments solution. Ripple is partnering with Mercy Corps Ventures and DIVA Donate, a platform that leverages decentralized finance technology to facilitate donations to pastoralists affected by drought in Kenya, for the initiative. The partners will leverage blockchain technology to bring financial aid via RLUSD to the targeted communities,Team Ripple noted. As outlined in a blog post, the pilot is part of Ripple’s broader efforts to expand…
Even though the discourse surrounding Ethereum has been mostly dominated by “doom and gloom” narratives over the past month, recent data shows that the popular blockchain network should not be written off just yet. According to data provided by DefiLlama, Ethereum has managed to surpass Solana in monthly decentralized exchange (DEX) volume for the first time since November. The two chains logged $64.7 billion and $52.6 billion worth of trading volume, respectively. BNB Chain (BSC) comes in third place with $44.2 billion. So far, Ethereum is also in the lead this month, but its lead over Solana is very slim…
Ripple has integrated its USD-backed stablecoin, RLUSD, into its flagship payments platform, Ripple Payments. Ripple (XRP) is doing this to improve cross-border payment efficiency and expand RLUSD’s (RLUSD) utility among financial institutions, according to a note shared with crypto.news. Since its launch in December 2024, RLUSD has seen its adoption approach $250 million in market capitalization, with $10 billion in total trading volume. You might also like: Justin Sun says First Digital Trust is insolvent after rescuing TUSD stablecoin Cross-border payments Ripple Payments processes billions of dollars in transactions, and the addition of RLUSD strengthens its cross-border capabilities. RLUSD is…
Bitcoin investor sentiment has fallen to its weakest point since early 2023, but market analysts say the decline could signal the start of an uptrend. Bitcoin Sentiment Drops to Two-Year Low, But ‘Risk-On’ Rally May Be Beginning According to CryptoQuant’s latest “Weekly Crypto Report,” Bitcoin’s bullish rating index has fallen below 40 for the first time since 2024. This is an indicator that is generally consistent with bear market conditions. Long periods below this threshold have historically been a precursor to prolonged declines, but have also created fertile ground for counter-trend rallies. Despite the gloomy weather, Bitcoin has shown surprising…
The total value locked (TVL) in decentralized finance (DeFi) has plunged over 30% from its December peak, reflecting ongoing market uncertainties and macroeconomic pressures. According to DefiLlama, the current TVL in DeFi is $94.65 billion, a far cry from the $137 billion mark it reached on December 17 and one that has been steadily declining since. The TVL had reached a recent low of $88 billion last month before bouncing back slightly. Late last year’s jump in DeFi’s locked value coincided with a general crypto market rally, largely stemming from the November 5 elections of pro-crypto U.S. President Donald Trump. The…
The increasing geopolitical tensions and global macroeconomic uncertainty are changing investment choices in the crypto sector: more and more investors are reallocating capital towards stablecoin and real-world assets (RWA). That is, real-world assets such as real estate, artworks, and financial instruments, digitized through blockchain technology. To set this trend in motion was the recent decision by President Donald Trump to introduce new commercial tariffs on April 2, following the January 20 announcement on the imposition of tariffs on goods imported from China. Such measures, aimed at reducing the U.S. trade deficit and boosting national production, are fueling concerns about a…
Pendle (PENDLE) seems bullish as whales appear to have started accumulating the asset, possibly suggesting an incoming market surge. Today, March 11, 2025, a PEPE whale made a massive acquisition of 607,863 PENDLE tokens, attracting crypto investors’ attention. That is according to today’s data reported by Onchain Lens. In the last 3 days, a $PEPE whale has spent 1,016.4 $ETH ($1.86M) to buy 607,863 $PENDLE at a price of $3 each.The whale has sold 281.21B $PEPE for 1,060.53 $ETH to buy the $PENDLE and likely to buy more.Address: 0x373704e394ef150241aee836115d78aba3fc5c76Data @nansen_ai pic.twitter.com/lAAXWOXV49 — Onchain Lens (@OnchainLens) April 4, 2025 PEPE whale…