Author: NBTC

Ethereum’s Glamsterdam upgrade could help complex DeFi transactions According to Curve’s mainnet checks, a leveraged borrowing transaction consumed roughly 1.84 million gas, compared with 125,000 for a direct stablecoin swap. Based on those figures, the borrowing operation used about 14.7 times as much gas. For transactions combining borrowing with a collateral purchase, the team said congestion can affect several parts of the same operation. More predictable access to blockspace would therefore be particularly useful for users carrying out complex transactions when network activity rises, in Curve’s view. Cheaper execution could also make smaller arbitrage trades worth completing, according to the…

What the Data Shows Currently, the market for stablecoins is at a critical juncture as established players like Fireblocks enhance the underlying infrastructure. While the broader crypto market shows mixed signals, the developments surrounding stablecoins are particularly noteworthy. The absence of specific price movements or trading volume reflects a transitional period, as participants await the impact of these new infrastructures on market dynamics in the coming weeks. Fireblocks is a digital asset custody platform that facilitates the secure transfer and management of cryptocurrencies. With its recent developments in stablecoin infrastructure, it aims to bridge traditional banking with the evolving crypto…

The one-year chart also shows how volatile this metric can be. $XRP Ledger has repeatedly recorded daily payment volumes above one billion $XRP, with several spikes exceeding two billion. The all-time high stands near seven billion $XRP. Consequently, the latest 583 million reading does not represent an exceptional level historically, but the speed of the rebound is notable. The next question is whether the recovery can persist. A sustained move above the 638 million 30-day average would provide stronger evidence that transactional activity is accelerating rather than simply normalizing after a weak session. Returning above one billion $XRP would make…

Binance told Cointelegraph on Sept. 18 that it continues pursuing MiCA authorization and remains committed to operating in Europe on a long-term compliant basis. Reverse solicitation under scrutiny Binance is relying on reverse solicitation to continue serving some EU customers, the report said, citing a person familiar with the matter. The exemption allows non-EU crypto asset service providers (CASPs) to serve customers who approach them entirely on their own initiative, but ESMA’s guidelines stress that companies cannot use it to circumvent MiCA requirements. Ahead of the end of MiCA’s transitional period on July 1, Binance told Cointelegraph that EU access…

Source: CryptoQuant More importantly, higher trading volume has not yet translated into the stronger demand needed to sustain Bitcoin’s long-term upside. As such, if Bitcoin’s Spot activity continues to accelerate, it should create a better foundation for potential long-term success. Until then, the recent recovery is fragile, and therefore additional demand would likely need to enter the markets before prices move towards new highs. Bitcoin faces a key liquidity test As Spot activity recovers, Bitcoin’s next move will also depend on how leveraged positions react to the price action movements. In fact, of these positions, the largest cluster sits near…

Market Snapshot As of now, sUSDS is reported at a market price of $0 with no trading volume observed in the last 24 hours. The mixed signals in the broader crypto market suggest that while interest in stablecoins remains, active trading has yet to pick up. Investors may be closely monitoring how this new yield impacts user engagement with sUSDS, especially against a backdrop of fluctuating asset performance. sUSDS is a stablecoin offered by Sky Ecosystem, designed to provide stability and yield to users. The Sky Savings Rate directly affects how attractive sUSDS is for investors, as higher rates can…

With 100% of voting sections tallied, data from Brazil’s Superior Electoral Court (TSE) showed Bolsonaro received 47.03% of valid votes, compared with 45.16% for Lula. Neither candidate received more than 50%, so Bolsonaro and Lula will face each other in a runoff on Oct. 25. That broad move is important for understanding NU. Vontobel portfolio manager Thierry Larose told Reuters that markets were likely to give Bolsonaro the benefit of the doubt on fiscal responsibility. Pedro Galdi, an investment analyst at AGF Investments, said investors wanted change and reform and opposed a high public deficit. Nu also has substantial exposure…

Users can discuss investment ideas with the AI, research assets and give it instructions that involve putting funds to work. Unlike an assistant that stops after producing research or a trade idea, Virtuals said its system can continue monitoring information and act when predefined conditions are met. One example shared by the project instructed an agent to open a $1,000 leveraged position whenever Ether moved 2% within five minutes and close it following a specified social media post. Virtuals presented the example as a demonstration of how natural language instructions can be converted into ongoing trading rules. Virtuals App lets…

Acquisition Announcement and Timeline On June 25, SBI Holdings disclosed that it had finalized a basic agreement together with a share transfer agreement designed to turn Bitbank into a fully owned subsidiary. From the outset, the company projected a completion date around October, and the SBI Holdings crypto expansion plan landed almost exactly on that schedule. That kind of precision matters in M&A circles, where crypto-related deals have sometimes dragged out over regulatory or valuation disputes. Transaction Structure and Share Transfers The ¥46.7 billion price tag didn’t come from a single transaction. Instead, SBI structured the deal in three distinct…

Market Pulse As of now, the market shows a lack of significant price movements for Coinbase, with trading volume remaining unreported. However, the influx of $4.7 million in tokenized stocks signifies a key development for Coinbase as it ventures into the DeFi space. This could have implications for future trading strategies and user engagement on Aave and similar platforms, attracting more liquidity and participation in the tokenized market. Coinbase is a leading cryptocurrency exchange that offers various services, including trading and custody of digital assets. With the recent launch of tokenized stocks, Coinbase aims to bridge traditional financial instruments with…