Author: NBTC
The Aptos blockchain is experiencing a surge in decentralized finance (DeFi) activity, fueled by increasing stablecoin total value locked (TVL), deeper liquidity pools, and record-breaking decentralized exchange (DEX) volumes. Integrating native USDC and USDe has played a pivotal role in strengthening Aptos’ DeFi landscape, signaling robust growth and adoption within its ecosystem. Riding the Aptos DeFi wave 🌊• Stables TVL on the rise w/ native USDC and USDe now supported on the network• Liquidity is deepening• DEX volumes are seeing record volume• Money Movin’ Better on Aptos fr 🔥More in the latest from @ournetwork__ 👇 https://t.co/MxxPPvvbQV — Aptos (@Aptos) March…
Ethereum price continued its strong downward trend against the US dollar and Bitcoin as its linear weekly futures moved into backwardation. Ethereum (ETH) crashed to 0.023 against Bitcoin (BTC), its lowest level since May 2020 and 74% below its highest level during the pandemic. Similarly, the coin dropped to a low of $1,770, its lowest point since October 2023, and 57% from its highest level in December of last year. The ongoing Ethereum price crash is attributed to several factors like the ongoing ETF outflows, increased competition from layer-1 and layer-2 networks, and the fact that it is no longer…
As Javier Milei’s meme coin endorsement continues to drive controversy and confusion, a little-known entrepreneur advising the Argentine president on crypto matters said he’s been left holding a $100 million bag—and might be in danger. Hayden Davis, the 28-year-old CEO of crypto marketing services and investment firm Kelsier, has emerged as one of the most prominent faces attached to the launch of the Solana-based token LIBRA. After surging to a $4 billion market cap, the token’s value swiftly collapsed on Friday, leaving some investors with crushing losses after Milei promoted the token. In a now-deleted post on X (formerly known…
This is a segment from the Empire newsletter. To read full editions, subscribe. The SEC has some questions, and it seems a16z might have some answers. In a 50-page filing, a16z addressed the newly-established Crypto Task Force, and some of the 50-page filing is filled with what you’d expect: how a16z Crypto thinks that the Howey Test should be utilized on a crypto company, their thoughts on what’s needed for a decentralized regulatory framework, and so on. The biggest takeaway is simple: “When control is eliminated, the application of securities laws should be limited; when control is present, traditional (but…
Expert crypto analysts on ‘Macro Monday’ dissected Bitcoin’s economic challenges, citing recession fears and ETF activity. The panel, with Noelle Acheson (filling in for Scott), Lawrence Lepard, Dave Weisberger, and Mike McGlone, then talked about the current economy and its effect on the cryptocurrency market, especially Bitcoin. Broadcast Delivers Key Economic & Crypto Insights As expected, there were some interesting insights in the broadcast. Specifically, the latest macro data showed weakness in the economy, with retail sales falling below expectations and higher-than-expected CPI (consumer price index) figures. The discussion touched upon the effects of rising tariffs and layoffs, which were…
Ethereum’s price has remained under significant pressure over the past month, yet staking activity has surged. On-chain data shows a notable increase in the amount of ETH locked in staking contracts, even as the altcoin struggles to regain upward momentum. ETH Staking Grows While ETF Outflows Hit $524 Million Since plummeting to its year-to-date low on February 16, the amount of staked ETH has risen. With 33.98 million ETH currently locked in staking contracts, this figure has gone up by 1% over the past month. ETH Total Value Staked. Source: CryptoQuant This has happened despite the significant drop in ETH’s…
Thomas John “T.J. Stone” Sfraga was sentenced in federal court for scamming real estate and crypto investors through a business inspired by the 90s TV show Seinfeld. According to a press release from the U.S. Attorney’s Office, Sfraga was sentenced to 45 months in prison and ordered to pay nearly $1.4 million in forfeiture to the state. The restitution amount will be announced at a later date. Sfraga pleaded guilty to wire fraud charges in May 2024. He reportedly convinced multiple victims to invest in a fake crypto project called “virtual wallet.” He promised investors returns as high as 60%…
“Hive Digital Chairman Frank Holmes stated that the company expects to expand its capacity by over 400% with its initiatives in Paraguay, a country that offers ample hydroelectric energy for the company’s operations. Hive Digital Hypes 400% Expansion in Paraguay Hive Digital, one of the largest public bitcoin miners in the world, has announced big plans regarding its activities in Paraguay. At The Street’s Roundtable, Hive Digital Executive Chairman Frank Holmes revealed the upcoming steps of the company in the South American nation, known for its abundant hydroelectrical resources. Holmes explained that the operation would expand its operations extensively, taking…
Following the collapse of the Libra memecoin, investors partially withdrew from the altcoin market, and Bitcoin’s market dominance increased to nearly 60%, reaching its highest level in recent years. This marks a 5% increase over the past month and a 12% increase over the past year, suggesting that investor sentiment is shifting towards BTC. Market analysts point to the growing institutional interest in Bitcoin as one of the key drivers of this dominance. Hina Sattar Joshi, Director of Digital Assets Sales at TP ICAP, said that Bitcoin’s growing dominance reflects the consolidation of institutional sentiment and the growing influence of…
Following two problematic tests of Ethereum’s upcoming Pectra upgrade, the network’s core developers decided on Thursday to create a new testnet to demonstrate the code update a final time before deployment. “A new testnet, Hooli, is going live Monday to wrap up Pectra testing,” said Tim Beiko, who coordinates the ecosystem’s core developers at the Ethereum Foundation, in an X post following a developer call on Thursday. Pectra will be tested on Hooli on Wednesday, March 26 — when the test chain will be upgraded to the new version of Ethereum and evaluated for performance and stability. Pectra includes several…