Author: NBTC
VanEck believes that Ethereum‘s Layer-2 protocols will hit a collective $1 trillion market capitalization by 2030, according to a new research report published on April 3. The prediction was revealed in a detailed analysis led by VanEck senior investment analyst Patrick Bush and head of digital research Matthew Sigel. VanEck’s forecast of a $1 trillion market cap for Ethereum Layer-2s by 2030 reflects a belief in the technology’s potential to significantly enhance blockchain scalability and efficiency, marking a notable shift in the landscape of digital assets and their underlying technologies. Solving scalability The investment firm’s analysis assessed the burgeoning Layer-2…
Hey there! Let’s talk about something spicy, all pun intended. Guys I want us to talk about the kimchi premium. Sounds a lot like your favorite fancy type of fermented vegetable, doesn’t it? I know. I love kimchi too. But actually, ‘kimchi premium’ is a term from the crypto industry that intrigues me more than likely anything else at the moment. For those who are scratching their heads, wondering why their favorite Korean side dish is mingling with cryptocurrencies, let me break it down for you. The kimchi premium is this peculiar phenomenon where the price of cryptocurrencies, especially Bitcoin,…
A recent journal from the American Institute of Physics has recognized Ripple’s efforts in the cross-border payment market, which leverages XRP. The study aimed to uncover the implications of blockchain technology advancement on global industries. One of the examined perspectives related to remittance transactions, a market Ripple and XRP dominate. Pseudonymous XRP community figure WrathofKahneman called attention to Ripple’s recognition in a recent post on X. #Ripple cited in American Institute of Physics article, ” Impact of Blockchain Technology Development on Industries in the Context of Entrepreneurial, Marketing and Management Perspectives Worldwide” for xborder tx’s & remit. Inc crypto; implication:#XRPhttps://t.co/M3k6lnwquW…
The emergence of a colossal Bitcoin whale named “Mr. 100,” has stirred waves of intrigue. This entity’s wallet, swelling with over 52,996 Bitcoin valued north of $3.5 billion, has become a focal point for analysts. Notably, on March 15, this whale outdid itself by acquiring at least 1,000 BTC. It seized a staggering 52% of the total buys by the top 10 spot Bitcoin exchange-traded funds (ETFs). Bitcoin Whale Doxxed Since the downfall of crypto exchange FTX in November 2022, Mr. 100 has been on an aggressive accumulation path. It enhanced its holdings by at least 100 BTC daily since…
Credbull’s first private credit fund is targeting returns as high as 20%, much of which is fixed yield. The product is indicative of a broader maturation in DeFi’s lending sector, which has so far been limited to decentralized exchanges and stablecoin applications. Crypto startup Credbull is soon rolling out an on-chain private credit fund that aims to offer investors exposure to the high-yield lending markets exploding in popularity in traditional finance. The firm’s first product recreates private credit’s core albeit on crypto rails. Investors buy in using the stablecoin USD Coin (USDC), Credbull converts that USDC to dollars via Circle…
Ethereum NFT-driven property Doodles announced Thursday that it is developing an animated film called “Dullsville and the Doodleverse,” featuring contributions from prominent musicians Pharrell Williams, Dwayne “Lil Wayne” Carter, and Coi Leray. “Dullsville and the Doodleverse” is being produced internally at Golden Wolf, the veteran animation studio that Doodles acquired in January 2023, and will be directed by Doodles co-founder and illustrator Scott “Burnt Toast” Martin. Billed as a “groundbreaking animation and music experience,” the film will feature music from Williams, who was named Chief Brand Officer of Doodles back in June 2022. The project will release a soundtrack via…
All eyes are on the United States Securities and Exchange Commission (SEC), which has opened a period for public feedback on three ether spot exchange-traded fund (ETF) proposals. “The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons,” the filing stated. According to notices made public on April 2, the U.S. regulator has allotted a 21-day comment period for ETH ETF proposals from Bitwise, Fidelity, and Grayscale. Specifically, the filing from Bitwise and Grayscale is looking to get listed on NYSE Arca, and Fidelity is eyeing trading on the Cboe BZX Exchange. Following…
Atlanta FED President Raphael Bostic outlined his views on the path of interest rates in an interview with CNBC on Wednesday, suggesting that interest rate cuts should not be made until the fourth quarter of 2024. Atlanta FED President Bostic Predicts Interest Rate Cuts Will Be Delayed Until the Fourth Quarter Bostic’s comments diverge from the expectations of many of his colleagues at the Federal Reserve, who predicted multiple rate cuts throughout the year. Bostic emphasized a cautious approach and predicted that only a quarter point interest rate cut would be appropriate for 2024. This forecast contrasts with the more…
Jupiter, the biggest decentralised exchange (DEX) in Solana, is gaining market share as demand for tokens in the ecosystem rise. As a result, JUP, the network’s token, has surged to a record high of $1, which was about 130% above its lowest level this year. Its market cap has soared to over $1.2 billion. The most recent data by DeFi Llama shows that Jupiter’s Total Value Locked (TVL) has jumped to a record high of $304.8 million. Its derivatives has also soared sharply as the crypto bull run continues. Another data by CoinGecko shows that the volume of tokens traded…
Binance Charity, the charitable arm of the world’s leading blockchain ecosystem, joins forces with the Children of Heroes Foundation in an effort to provide aid and psychological rehabilitation to children affected by the continuing conflict in Ukraine. Together, they want to host “I am Da Vinci,” a 12-day rehabilitative camp for 50 kids whose parents have sadly died in the Ukrainian war. The goal of the program is to provide a welcoming space where these kids may heal from their trauma. The camp will provide a one-of-a-kind combination of services and programs with an emphasis on mental health, adventure, community…