Author: NBTC

Kain WARWICK, founder of Synthetix, says SNX staking is broken, and the solution is a leveraged, no-liquidation staking model that absorbs debt and scales yield. 420 Pool , a new staking model where SNX holders stake their tokens, allowing the protocol to centrally manage debt and seek yield opportunities. At launch, the primary source of yield will be minting sUSDe via Ethena, with future integrations expected. Synthetix’s old model had a scaling problem, and Warwick presents this as a necessary evolution. Perhaps the most radical aspect of this plan is a “debt jubilee,” which forgives historical sUSD debt over 12…

Fetch.ai Inc., one of the founding members of the Artificial Superintelligence (ASI) Alliance, has launched ASI-1 Mini, the first Web3-native large language model (LLM) designed to promote autonomous agent workflow, as reported to Finbold on Tuesday, February 25. The model, powered by the FET token through ASI wallet integration, marks the beginning of the ASI:<Train/> initiative set to democratize access to foundational artificial intelligence (AI) technologies and allow users to invest in, train, and ultimately own their own models. As part of a tiered freemium model, the AI model is immediately accessible to FET holders. ASI-1 Mini Featuring four dynamic…

Bitcoin’s price action has been shaky, but for top crypto trader DonAlt, it is nothing out of the ordinary. He pointed out that the range low test is done, and as long as Bitcoin (BTC) closes above that level, a bounce next week seems likely. Right now, Bitcoin is sitting at $88,000, down 9% in two days, and the market is in chaos, with $1.5 billion in liquidations over the last 24 hours. Interestingly, that same figure surfaced in another recent crypto-related event. Coincidence? According to DonAlt, the key level to watch is $90,787. If Bitcoin closes above it, the…

Solana’s bustling decentralized finance (DeFi) scene is growing faster than Ethereum’s, and making more money too. And yet, Franklin Templeton pointed out in a Tuesday report, its tokens are worth less. “Solana DeFi valuation multiples trade on average lower than their Ethereum counterparts despite significantly higher growth profiles, highlighting an apparent valuation asymmetry,” the report said.Franklin Templeton compared tokens of five leading ETH projects (LDO, AAVE, ENA, MKR and UNI) to those of five of Solana’s strongest protocols (JTO, JUP, KMNO, MNDE and RAY). The Solana projects saw 2,400% median growth in fees year over year, and a median multiple…

Popular XRP commentator Edoardo Farina has emphasized how early current XRP investors are in their exposure to the asset amid the broader market downturn. At press time, XRP is trading with a massive 12% dip, priced at $2.18. Meanwhile, XRP touched $2.08 earlier today, marking a more significant 17% dip from the intraday high of $2.50. While this price performance is concerning, Farina believes XRP holders should be less worried about the price action. He stressed the significance of the earliness in XRP by highlighting the small amount of tokens it takes to rank among the wealthiest XRP holders. Specifically,…

Simplifying Web3 Transactions TL;DR:The IOTA Gas Station allows developers and businesses to cover gas fees for end users on the IOTA Network, allowing them to execute transactions without needing to buy, hold, or manage IOTA tokens. This simplifies onboarding, boosts user engagement, and removes friction for both Web2 and Web3 audiences while enabling builders to handle gas centrally. With features like access control, transaction limits, and usage metrics, operators can manage sponsorships securely and efficiently. As an open-source, industry-agnostic solution, it streamlines blockchain interactions, making dApps more accessible. What if users could engage with IOTA-powered applications without needing to acquire…

Crypto influencer SolJakey claims to have fled the country after receiving death threats amid allegations of insider trading relating to Argentinian President Javier Milei’s ill-fated LIBRA token. SolJakey was discovered to have met Hayden Davis and his brother, and associated with Davis’ crypto firm Kelsier Ventures which helped launch the LIBRA token and Melania Trump’s MELANIA crypto token. Then on February 15, he shared a long post defending key opinion leaders (KOLs) and insider trading which users didn’t take well. He also filmed a short bit pretending to be an insider trader. This appears to have rubbed some people the…

This is a segment from the Empire newsletter. To read full editions, subscribe. If we see a big resurgence in Web3 gaming, it’s probably going to look a lot different. And perhaps that’s for the best. The Drop’s Kate Irwin told me that she’s seen a shift away from more traditional video games that have a “hidden” crypto element that’s optional, and more of an acceptance that the primary audience for Web3 games are, well, degens. “Instead of trying to convert the Fortnite gamers of the world, they’re now trying to convert the non-gamers who are just crypto traders, and…

Teng brought attention to the fact that 11 million people in Japan had crypto accounts last year. The CEO stressed the need for transparent rules in fostering the safe and long-term development of the crypto industry. Binance CEO Richard Teng lauded Japan’s transparent regulatory framework and quick adoption of cryptocurrencies at an event in the host nation. Teng brought attention to the fact that 11 million people in Japan had crypto accounts last year. Addressing the Global Financial Technology Network Forum in Japan, Teng stressed the need for transparent rules in fostering the safe and long-term development of the crypto…

The FTX collapse continues to fuel serious questions about whether regulators showed favoritism and were influenced by politics. As crypto lawyer John E Deaton points out, Sam Bankman-Fried (SBF), the disgraced founder of FTX, allegedly used $10 million in donations to the Biden administration to gain special access to regulators. This calculated move apparently allowed him to cultivate relationships with key officials, including those at the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Coinbase Demands Answers on SEC Enforcement Spending Meanwhile, SEC Chair Gary Gensler aggressively pursued enforcement actions against other crypto firms while meeting…