Author: NBTC
As reports started to circulate early Tuesday that Minnesota Governor Tim Walz had been chosen as Kamala Harris’ running mate, the prices of Walz-related meme coins soared. But the gains wouldn’t last for long. The week-old “Tem Walz” (WALZ), an intentionally misspelled Solana meme coin continuing the trend of other similar political meme coins, was the biggest winner of the day, peaking at a market cap of nearly $1 million. But it has fallen sharply since to a current market cap of just $254,000. Similarly, an Ethereum meme coin simply called Tim Walz (also WALZ) saw a 208% pump as…
Software company Hancom Group Chairman Kim Sang-cheol is under investigation for allegedly amassing illicit funds worth tens of billions of Korean won using Arowana (ARW) tokens. South Korean prosecutors are now reviewing the case following a series of investigations and raids that began in 2021. The Arowana token is linked to Hancom With, a blockchain subsidiary of the Hancom Group. Reports indicate the blockchain firm has significantly invested in Arowana. The token launched on the South Korean crypto exchange Bithumb on April 20, 2021. Within 30 minutes, the ARW price soared from 50 won to 53,800 won, a 1,075-fold jump.…
Raydium’s Teleport simplifies cross-chain transactions between Ethereum and Solana. The feature allows 1-click swaps using USDC and Circle’s CCTP for faster transactions. Raydium has launched Teleport, a groundbreaking feature that enables seamless token transfers from Ethereum-based networks to the Solana blockchain. This new tool leverages the Wormhole network to simplify cross-chain transactions. Consequently, users can transfer tokens effortlessly between these two ecosystems, improving overall efficiency. In an official announcement, Raydium emphasized its plans to enhance Teleport by introducing 1-click cross-chain swaps. This upgrade will facilitate native asset swaps using USDC and Circle’s Cross-Chain Transfer Protocol (CCTP) as the settlement rail.…
The Bitcoin network has recently witnessed a substantial increase in activity while the older Bitcoin ($BTC) are moving overall. As per the prominent crypto analytics company CryptoQuant, this increased activity has ignited several apprehensions concerning likely selling pressure as it could influence the upward trend of the crypto asset. The analytics provider took to its official X account to discuss this situation. Old Bitcoins are on the move“Overall, we are seeing a significant increase in the movement of coins from various age bands during this latest leg of the rise, with continuous transfers happening on the #Bitcoin network.” – By…
With the continuous growth of decentralized finance (DeFi), it is critical to know about the top protocols in the case of adoption. Top 7 ICO, a well-known crypto analytics platform, has recently shared the list of prominent protocols on Ethereum in terms of total value locked (TVL), including Lido, EigenLayer, Aave, Ether.fi, Maker, Uniswap, Rocket Pool, Ethena, and Spark. Top Ethereum Protocols by Total Value LockedThe total value of assets locked in @ethereum $ETH is around $45B, according to @DefiLlama. Let’s compare the top DeFi-protocols on #Ethereum chain by current TVL in USD, in order to evaluate their adoption scale.…
The SEC has received a proposal to list and trade the Franklin Templeton Bitcoin & Ethereum Crypto Index ETF. The new ETF, managed by Franklin Templeton, aims to offer investors exposure to both Bitcoin and Ethereum, combining these two major crypto assets in one index fund. This ETF would allow investors to gain exposure to both Bitcoin and Ethereum without directly holding these volatile assets. The trust’s assets will consist of Bitcoin, Ethereum, cash, and short-term instruments with a maturity of fewer than three months. The fund will be monitored by the BNY Mellon, which serves as both the custodian…
Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease within the past 13 days. Ethena’s USDE Drops Amid Market Volatility; PYUSD Supply Continues Upward On July 25, 2024, Bitcoin.com News reported that the stablecoin economy was valued at $164.68 billion, and today, that figure remains unchanged. However, Ethena’s USDE, the fourth-largest stablecoin, has recently experienced a decline. According to Coingecko.com, the supply…
3thix, the firm leveraging Wweb3 technology to create an ethical ecosystem for in-game transactions, entered into a strategic partnership today with the blockchain platform designed for solving real world problems, Avalanche, to develop a decentralized ad-tech layer for the internet’s gaming economy. Working to produce better-targeted consumer behavioral data without sacrificing personal information or privacy, 3thix recently secured an $8.5M investment from video game commerce company, Xsolla, to bolster innovation. As a result of Apple’s limitations on IDFA (Identifier for Advertisers), a mechanism providing advertisers data in aggregate without individually identifiable user traits, 3thix is leveraging distributed blockchain technologies to…
A large cryptocurrency whale has deposited 750 Bitcoin (BTC), worth approximately $47.9 million, into Binance, one of the world’s largest cryptocurrency exchanges. This deposit, made about 30 minutes ago, is widely interpreted as a profit-taking move, as whales often offload large amounts of BTC on exchanges when preparing to sell. The timing of this move suggests that the whale is capitalizing on current market conditions, possibly eyeing short-term price fluctuations. This smart whale deposited 750 $BTC ($47.9M) to Binance for profit ~30 minutes ago.Note that the whale’s recent moves were accumulating 1,115 $BTC ($65.1M) from #Binance in early September at…
A subcommittee of the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee voted to approve guidelines for using tokenized shares of money-market funds as collateral for traditional financial operations. As reported by Bloomberg on Oct. 2 citing an anonymous source, the recommendations aim to integrate blockchain technology in managing non-cash collateral consistent with margin requirements set by US regulators and derivatives clearing organizations. If approved by the full committee later this year, the recommendations could significantly increase the adoption of tokenized collateral on financial markets. Moreover, it would improve the capital efficiency of companies looking to use tokenized collateral.…