Author: NBTC

Decentralized lending protocol Aave continues to dominate in DeFi with its total net deposits climbing 55% in July and reaching past $60 billion in early August, breaking new all-time highs, per data from Token Terminal. Net deposits on a lending protocol represent the total assets deposited to the protocol, minus outstanding loans. Total value locked (TVL) on Aave also surged more than 40% in July, a rise largely fueled by growing support for liquid staking tokens (LSTs) such as cbETH, wstETH, and wETH on Coinbase’s Base network, according to data from DefiLlama. Aave TVL by chain. Source: DefiLlama The vast…

Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings statement on Thursday. It marked the second reporting period in which the firm applied fair value accounting, which includes unrealized gains from Bitcoin (BTC).Strategy also announced plans to raise another $4.2 billion worth of shares through one of its preferred stock offerings to buy more…

Matt Levine, one of the most prominent Bloomberg columnists, recently wrote a new op-ed, in which he argues that outright banning crypto is no longer feasible for the U.S. Securities and Exchange Commission (SEC). “That ship has sailed” Levine claims that crypto has now become way too influential to outlaw it in the U.S. despite the fact that there is “lots of dumb stuff” happening within the sector. At the same time, ignoring the budding industry is also not a feasible option for the SEC. Former SEC Chair Gary Gensler was known for his hostile stance toward crypto, viewing the…

The Delhi High Court has ordered Zettai Pte Ltd, the Singapore-based owner of crypto exchange WazirX, to produce its acquisition agreement with Binance and disclose restructuring scheme details, as creditors push for transparency following a $235 million hack that happened last year. Justice Sachin Datta issued the order on Tuesday, demanding Zettai file “a copy of its Agreement with ‘Binance'” within one week, along with all Singapore High Court proceedings related to its restructuring scheme. The directive comes as the exchange concluded a revote on its amended restructuring plan on Wednesday after the Singapore High Court set aside an earlier…

ArtGis Finance, a leading DeFi platform, has officially collaborated with ATT Global, next-gen Web3 project. The partnership endeavors to redefine DeFi innovation with the robust real-world integration. As per the platform’s latest social media announcement, the move focuses on the merger of the advanced blockchain technology with the RWA applications. Hence, the mutual endeavor is set to transform the DeFi ecosystem with innovation and exclusive real-world use cases. 🚨New Partnership🚨 ArtGis Finance🤝@aiwayworld💡#ArtGisFinance is partnering with ATT Global, a cutting-edge Web3 project merging RWA, DePIN & DLT to unlock new horizons in decentralized innovation.🔥The future of finance meets real-world integration! pic.twitter.com/JCYscseZM2…

According to Bloomberg data, IBIT set a record by reaching $10B in assets in just 34 trading days. 75% of IBIT investors were first-time BlackRock clients, driving broader platform adoption. IBIT’s rapid growth outpaced all major ETF peers, highlighting surging demand for Bitcoin ETFs. According to Bloomberg Intelligence data, the iShares Bitcoin Trust (IBIT) has become the fastest ETF in history to reach $10 billion in assets under management, reaching the feat in just 34 trading days. The sudden growth reflects a large demand for regulated exposure to Bitcoin and signals a major shift in investor behavior toward digital asset-based…

American film studio Universal Pictures has begun warning AI companies not to use its movies for training by adding legal notices to film credits stating that the content “may not be used to train AI.” The warning, which has appeared on recent releases including “How to Train Your Dragon” and “Jurassic World Rebirth,” is part of Hollywood’s efforts to protect copyrighted content from AI training, according to The Hollywood Reporter. The move comes as AI image generator Midjourney mounted its first response against accusations of “vast, intentional, and unrelenting copyright infringement” brought by major Hollywood studios like Disney and Universal…

Introduction Chances of profit and loss are everywhere when you think of investment. It is hard to believe that there can be an option that provides you with almost 100% chances of profit and almost zero risk. Yet, such an option does exist. It is called arbitrage trading. Arbitrage trading is the simultaneous buying and selling of securities, currency, cryptocurrencies, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset. The Concept Made Easy To understand the concept from an example, let’s suppose that looking at the markets closely,…

Pharos Network, a L1 blockchain focused on real-world asset finance, has partnered with Morpho, a lending network with more than $9 billion in total deposits. The partnership will deploy Morpho’s lending infrastructure directly on the Pharos mainnet. This will provide the technical base for institutional-grade lending in the on-chain real-world asset market. The integration will allow lending with isolated risk management for RWA vaults, giving asset originators and liquidity providers more flexible credit options. Morpho will serve as the official lending infrastructure provider for Pharos, supporting the network’s broader strategy in the RWA sector alongside other partners. The system will…

Chris Torres, the creator of the iconic internet meme Nyan Cat, is apprehensive about getting involved in the world of meme coins, despite issuing a number of NFT collections in the past. The artist told Decrypt it’s because he views meme coins as the “wild west.” Still, Torres has claimed more than $700,000 in fees from the Bags token launchpad. It allows anyone to launch a token on the platform and assign royalties to a user on X. The platform has housed countless tokens sending royalties to Torres, most notably a Nyan Cat token that touched a $12 million market…