Author: NBTC

Pendle Finance, a prominent decentralized finance (DeFi) protocol specializing in yield trading solutions, is staging a strong recovery following a major security breach earlier this year. The incident, involving a malicious DNS redirect and domain hijack attempt, led to a temporary shutdown of Pendle’s app. However, swift action by Pendle’s team to regain control and ensure user fund safety has set the stage for a significant comeback. PENDLE token price rebounds Pendle’s native token, PENDLE, has shown a notable recovery, surging by 15.8% over the past 14 days. At the time of writing, the token was trading at $4.22. Despite…

In the vast and still experimental cryptocurrency market, influencers and enthusiasts often share insights into their favorite cryptocurrencies. Usually, they will hold these assets as personal investments—a normal behavior expected from someone enthusiastic about an asset. However, influencers can use their influence to lure exit liquidity for tokens they hold but do not plan to keep in the long term. This is what recent on-chain and social activities suggest could have happened to a known meme coin trader. Notably, Lookonchain spotted a possible divergence between words and on-chain activity from James Wynn (@JamesWynnReal) on X on May 25. Influencer James…

The Apeiron AGW League is kicking off this week, starting with the SEA League starting on 23rd July. This will be followed by the NA league on 30th July. After that, every week will alternate between the two leagues. The top 3 players with the highest MMR from each of the qualifying guilds in these leagues will be invited to participate in the AFW League. There will be three matchdays per week, and one player from each guild will fight one player from the opposing guild per matchday. Each week, all 3 players from each guild are required to play.…

As it is known, Mt.Gox announced that they have officially started refunds. While on-chain data also showed that Mt.Gox wallets sent large amounts of Bitcoin to BitBank and some wallets, according to Reddit, many users said BitBank received Bitcoin (BTC) and Bitcoin Cash (BCH). Users can confirm that the amount of BTC and BCH received by BitBank is Mt. Gox said it was exactly the same amount as shown on the chart. According to data, Mt. Gox transferred 1,544.67 BTC (approximately $84.87 million) to Japanese exchange Bitbank’s hot wallet today. According to the Reddit, several users said that their Bitbank…

Novel DeFi protocol InceptionLRT attempts to set new standards for the sphere of liquid restaking. It melds the instruments of various staking and restaking applications under a single application interface and removes the need for switching between apps. InceptionLRT develops first one-for-all Restaking SuperdApp Launched in Q1, 2024, InceptionLRT qualifies as the Restaking SuperdApp. Technically, it is a multi-functional application that unifies different services into an easy-to-use platform, leveraging EigenLayer middleware for thousands of end users. By integrating the most advanced technologies, InceptionLRT aims to set the standard for Liquid Restaking, maximizing accessibility, efficiency and user empowerment. To address the…

Vitalik Buterin proposes the first block in the preparation of Ethereum L2 rollup Taiko Mainnet. Ethereum co-founder expresses his support for the project. Ethereum co-founder Vitalik Buterin proposed the first block of the L2 rollup projectTaiko, boosting its preparation for the mainnet launch. Buterin highlighted Taiko’s based-rollup approach as a diverse approach. In the block, he left a message: “I’m excited to see that Taiko is launching as a based rollup. Ethereum benefits from L2s taking a plurality of different approaches, and I appreciate them being among the first to go in this direction.” Established in 2022, Taiko deploys based…

The significant market correction has raised concerns among investors, prompting fears of a deeper market downturn. However, seasoned experts advise against panic. A detailed analysis of Bitcoin’s (BTC) price movements reveals a compelling narrative for those who understand the opportunities within this volatility. Historical data shows that such drawdowns are a part of bull markets. Bitcoin’s history is marked by numerous corrections integral to the market’s long-term growth trajectory. Adam Back, founder and CEO of Blockstream, emphasizes the importance of zooming out to see the bigger picture during these market corrections. He highlights significant corrections in Bitcoin’s price over different…

DeSyn Protocol has announced a new collaboration with Babylon to enhance BTC staking yields. This collaboration will strengthen its ecosystem, and provide new opportunities for its users. 🎉 Collaboration Announcement 🎉🥳 Excited to announce our collaboration with @babylon_chain to maximize #BTC staking yields, enhance its ecosystem, and bring new opportunities for our users. 🤗Stay tuned for more updates! 🔔 pic.twitter.com/MMefRApsct — DeSyn Protocol (@DesynLab) July 22, 2024 DeSyn Protocol Boosts Bitcoin Staking with Babylon Partnership DeSyn Protocol is a decentralized asset management infrastructure on Web3. It enables a user to create and manage pool-based portfolios in a secure and transparent…

Key Points: Wintermute is in talks to raise funds from investors such as Tencent Holdings Ltd, potentially including early investors and employees selling shares. The total transaction size could be between $200 million to $300 million, though terms and valuation are not yet finalized. Wintermute fundraising aims to raise $200M-$300M from investors like Tencent, valuing the firm at $2B. Previous funding was $20M in January 2021. Wintermute Fundraising Aims For $200-300 Million With Tencent: Report Wintermute Fundraising Talks with Tencent Bloomberg reported, citing people familiar with the matter, that Wintermute, one of the largest crypto trading firms, is in talks…

The Shiba Inu community is on high alert as a crucial warning has been reiterated by Shiba Inu’s marketing lead, Lucie: The much-anticipated TREAT token has not been officially launched yet. This message comes amid a flurry of impostor activity, with numerous fake tokens attempting to capitalize on the hype surrounding the Shiba Inu ecosystem. #Shibarium Ecosystem reward token – $TREAT – @treatsforShib IS NOT LAUNCHED YET.There are many impostors targeting #SHIBARMY to cause confusion. Please follow the legitimate Twitter account to get the right information. — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) May 24, 2024 In recent times, the crypto world…