Author: NBTC
The DeFi sector continues to rise, showcasing the trust among investors. This week, the well-known DeFi projects in terms of total value locked (TVL) include LIDO, Aave V3, EigenLayer, Maker DAO, and Rocket Pool. The market data reveals a surge in the position of these projects including the factors like price and market cap. LIDO Dominates the DeFi World in Terms of Total Value Locked The top DeFi project in the case of total value locked is LIDO. The project reportedly has a TVL of up to $33.98 billion. Over the past seven days, the project has reportedly made a…
American basketball star Scottie Pippen, who is widely considered to be one of the greatest small forwards of all time, has shown renewed interest in crypto. In a social media post, Pippen asked his followers whether he should pick Ethereum or Solana. Helius CEO Mert Mumtaz said that both cryptocurrencies have their merits in response to the aforementioned question. Some other users expectedly started pitching their own favorite coins to Pippen. This is not the first time that the six-time NBA champion has shown interest in the crypto space. In fact, Pippen launched his own collection of non-fungible tokens in…
Chicago Board Options Exchange (Cboe) confirmed that spot Ethereum ETFs will be listed for trading on Tuesday, July 23. The announcement was made via notices posted on the Cboe website minutes ago. The following spot Ethereum ETFs will begin trading on Tuesday: 21Shares Core Ethereum ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET), Invesco Galaxy Ethereum ETF (QETH), and VanEck Ethereum ETF (ETHV). Cboe is pleased to announce that an Exchange Traded Product (ETP) will list on Cboe and begin trading as a new issue on July 23, 2024. This date was expected for the start of trading.…
The Ministry of Digital Economy and Entrepreneurship in Jordan has launched a national blockchain technology network in partnership with Jordanian blockchain company Blockexe. The implementation of blockchain technology in Jordan’s government sector aligns with the Jordanian Digital Transformation Strategy (2021-2025). Enhancing Trust in Government Services On July 17, the Jordanian Ministry of Digital Economy and Entrepreneurship announced its partnership with local blockchain company Blockexe to launch a national blockchain technology network called Modee Dlt. This protocol aims to enhance trust and transparency in government services. The blockchain network has been integrated with the Jordanian government portal, allowing for decentralized and…
Although Bitcoin has reclaimed the $56,000 price level in the past few hours, its sudden drop below $54,000 on July 5 has reminded investors of the intense volatility associated with the market. In the larger timeframe, Bitcoin has been down by 7% and 20.25% in the past seven and thirty days, respectively. While many crypto traders and analysts are still in the spirit of a bullish cycle in the long term, the sudden price drop wasn’t surprising to some. Notably, crypto trader @TheFlowHorse revealed that the drop to $53,000 resonated with his target of $52,000. Similarly, Ki Young Ju, CEO…
The ecosystem teams behind Shiba Inu and K9 Finance set the crypto community abuzz after revealing plans to roll out a “retroactive” airdrop on leading L2 blockchain Shibarium. In an X post on May 24, Shiba Inu marketing lead Lucie disclosed that K9 co-founder Buzz first mentioned the Shibarium airdrop during a recent interview. According to Lucie, the airdrop requires participants to earn points, which will be swapped for “free tokens.” #Shibarium Leak ATTENTION 😏 I had an incredible conversation with @buzzdefi0x from @K9finance . As usual, he continues to impress not only as an outstanding developer but also as…
Europe stands out as the global leader, accounting for 37.32% of the total transactional value, according to a comprehensive analysis by Coinwire. Asia’s trading volumes primarily result from factors like high mobile penetration, a robust tech infrastructure, and growing institutional interest. Binance, with a trading volume of $2.77 trillion, holds the title of the “most influential and widely used exchange globally.” Europe’s Progressive Regulatory Frameworks According to Coinwire’s comprehensive analysis of regions with the highest crypto trading activity, Europe stands out as the global leader, accounting for 37.32% of the total transactional value. This dominance can be attributed to Europe’s…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The 1inch card aims to bridge conventional finance with crypto, offering a safe, flexible method for handling both crypto and fiat currencies. Crypto cards have surfaced as a bridge connecting cryptocurrency spending and daily life in the evolving landscape of finance. They provide a practical answer to a persistent query—how can cryptocurrency holders utilize their digital assets for everyday tasks, like purchasing groceries or paying for coffee? The mechanics of these cards, although straightforward, signify a notable technological leap.…
Bitcoin’s (BTC) price has barely recovered from the debacle of momentum witnessed over the last few days. Nevertheless, the cryptocurrency appears to be under the threat of further drawdown due to not bearishness but bullishness of the investors. Bitcoin Faces a Challenge Bitcoin’s price fell from $62,000 to $53,300, shocking the crypto market and killing many bullish dreams. The futures market registered long liquidations amounting to $263 million in three days. This is the second-highest liquidation in the last two weeks, with the previous high noted three months ago in April. Generally, such high liquidations tend to calm investors down…
Prominent ETF expert Nate Geraci highlights the wild turn of events in the crypto industry, saying people are now discussing SOL and XRP ETFs within a week when many thought the SEC could deny all Ethereum fund applications. Nate Geraci, a prominent crypto ETF expert and co-founder of The ETF Institute, has highlighted a sudden shift in sentiment regarding crypto-focused ETFs. A Shift in Sentiment Regarding Crypto ETFs According to Geraci, the broader sentiment in the market over the past week was that the U.S. SEC would deny all Ethereum ETF applications. However, within one week, there has been a…