Author: NBTC
According to the data published by the popular Shibburn on-chain burn tracker, over the past day, the Shiba Inu team has managed to dispose of a large amount of meme coins, moving millions of them out of the circulating supply. As a result, the SHIB burn metric has staged an impressive three-digit increase. SHIB burns spike 117% with millions of SHIB scorched Data from the above-mentioned tracking platform has revealed that over the past 24 hours, the SHIB burn rate has showcased an increase of 116.76%, while a massive 25,696,960 SHIB chunk was transferred into unspendable wallets and out of…
Bitcoin is currently worth around $83,793.85, marking a 2.47% decline over the past 24 hours, despite still being up 8.39% over the past week. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While Bitcoin’s (BTC) pullback might appear minor in the broader scheme, deeper market signals hint at something more complex brewing beneath the surface, possibly the onset of a new crypto winter. Coinbase’s recent report outlines a cocktail of bearish indicators: global tariff escalations, reduced risk appetite in equities, and a notable 41% drop in the…
Ripple’s U.S. dollar-pegged stablecoin (RLUSD) is now live on Aave V3 Ethereum Core Market, providing institutional and decentralized finance users with lending and borrowing services. The initial launch of RLUSD includes a supply cap of 50 million with a borrowing cap of 5 million. According to data from Aave’s dashboard, the markets are not as active yet as expected. Both the reserve size and available liquidity are at $124.98, with the utilization at 0%. RLUSD’s price is still at $1.00, which is aligned with its U.S. dollar peg. There are no borrowings upheld; hence, the current APY stands at 0%,…
After the Bitcoin and Ethereum spot ETFs received approval from the SEC in 2024, ETF applications were also made for many altcoins. Among these altcoins, major altcoins such as Solana (SOL) and XRP are estimated to have a higher chance of approval, while the end of the case between SEC and Ripple has increased speculations regarding the XRP ETF. While giant names such as Grayscale, WisdomTree and Franklin Templeton have applied for an XRP ETF, the world’s largest asset management company BlackRock is taking a cautious approach to XRP. While it is expected that BlackRock, which has not applied for…
The Kuwait Ministry of Interior (MoI) has issued a statement saying that crypto mining in the country is illegal and unlicensed. Officials from Kuwait’s Ministry of Electricity, Water, and Renewable Energy have noted that there are over 1,000 crypto mining sites in the country. In a press statement published on X, the General Department of Security Relations and Media at the ministry clarified that cryptocurrency mining violates several key laws, including Law No. (56) of 1996 related to the Industry Law, Law No. (31) of 1970 amending certain provisions of the Penal Code No. (16) of 1960, Law No. (37)…
Bitcoin traded at $84,068 on April 20, 2025, with a market capitalization of $1.66 trillion, a 24-hour trading volume of $12.23 billion, and an intraday price range between $84,037 and $85,470. Bitcoin The daily chart signals a potential bullish reversal following a sharp correction that drove bitcoin to a low of $74,434 before rebounding to current levels just under $85,000. A series of green candles accompanied by elevated trading volume near the lows suggests possible capitulation and renewed interest from buyers. Key support is forming between $82,000 and $83,000, which traders may look to as a swing trade entry if…
The recent market volatility raised the TVL of on-chain perpetual DEX. Demand for risky trading boosted the value of Hyperliquid, along with other perpetual DEX. Hyperliquid is leading the way in the renewed demand for perpetual DEX. The exchange has recovered its TVL in the past month, increasing its vaults to over $300M. Hyperliquid achieved 50% TVL growth in the past month after a series of high-value liquidations. The recovery follows a generally increased usage of perpetual DEX as the crypto market bounced from the recent lows. In the past 30 days as a whole, perpetual DEX increased their volumes…
U.S. stocks plunged Wednesday as Nvidia flagged $5.5B in China-related charges and Fed Chair Powell warned tariffs may drive inflation and slow growth. U.S. stocks tumbled Wednesday as investors reacted to new U.S. restrictions on chip exports to China and fresh warnings from Federal Reserve Chair Jerome Powell about the economic risks of President Trump’s tariff policies. The S&P 500 fell about 2.2%, while the Dow Jones Industrial Average dropped 1.7%. The Nasdaq Composite slid by around 3%, nearing bear market territory, and was led lower by steep losses in the tech sector. Nvidia shares plunged nearly 10% after the…
El Salvador’s big bet on Bitcoin has hit a snag: nearly all the crypto firms it registered aren’t actually playing by the rules. Nearly 90% of Bitcoin (BTC) service providers registered in El Salvador are not operating, according to a recent report by El Mundo, which cited data from the Central Reserve Bank, showing that out of 181 companies officially registered to offer Bitcoin services in the country, 161 are marked as “non-operating.” That’s about 89% of the total. Only 20 firms are still active. These include the government-backed Chivo Wallet, among others. El Mundo adds that at least 22…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Michael Egorov is no stranger to token incentive mechanisms. As the founder of Curve, he pioneered vote-escrow (ve) tokenomics to juice the growth of the stablecoin AMM. But his new protocol, Yield Basis, is built for a different kind of user: “people who want to earn something on mostly Bitcoin,” as Egorov told Blockworks. At its core, Yield Basis is an attempt to eliminate LP impermanent loss by leveraging liquidity. Egorov explains: “If you leverage liquidity by a factor of two and keep this leverage, then the…