Author: NBTC

Is Ethena’s “synthetic dollar” bringing a new systemic risk to decentralized finance (DeFi)? While keen to avoid being labeled as a stablecoin, USDe is increasingly being utilized as such across some of the biggest players in DeFi. Some are worried, however, that treating USDe as a centralized stablecoin changes its risk profile as a collateral asset. An influential MakerDAO community member, known as “ImperiumPaper,” has pointed to possible conflicts of interest between risk advisors working for Aave and Maker, who also have (or have had) associations with Ethena. The situation has been likened to “a real estate agent representing both…

This meme coin depicts a dog in a ski mask—and it’s jumping to new heights because U.S. Congressman Mike Collins (R-GA) acknowledged he bought as much as $30,000 of it. Collins’ purchase of Ski Mask Dog (SKI), alongside another token, was flagged Tuesday by the financial data platform Unusual Whales on X (formerly known as Twitter). The 57-year-old replied with a picture of Pepe the Frog, evoking the popular internet meme that’s also tied to a valuable meme coin. But beneath the frog’s shades and popped collar, Collins told Decrypt that there’s a legitimate reason behind the purchase of two…

After a long and arduous process following its dramatic collapse, the FTX payout plan has officially gone into effect today, January 3, 2025. This marks a major milestone for creditors who have been awaiting the recovery of their assets. The FTX estate, which manages the bankruptcy proceedings of the collapsed crypto exchange, plans to begin repayments within 60 days of the effective date, the estate said in December. Although the estate estimates that total distribution will range between $14.7 billion and $16.5 billion, the first payout round will not reach that amount as it prioritizes convenience classes—those with allowed claims…

Mind Network, a fully encrypted web3 infrastructure, has announced its new collaboration with Duck Chain. The collaboration aims to advance the on-chain governance. It leverages the Mind Network’s latest privacy technology Fully Homomorphic Encryption and Duck Chain’s consumer-focused blockchain solutions. 🚀 Partnership Announcement!@Duck_Chain x @mindnetwork_xyz unite to revolutionize on-chain governance through cutting-edge FHE privacy technology🔒 AI-powered private voting with FHE encryption🏛️ Tamper-proof decentralized governance🤖 Privacy-first AI agents🌐 Seamless… pic.twitter.com/BLENJV0bg8 — Mind Network (@mindnetwork_xyz) January 3, 2025 By combining the strengths of both the entities, Mind Network and Duck Chain intend to provide decentralized and tamper-proof governance solutions. Additionally, it also…

While Bitcoin flirted with the $100K range last week, coming within touching distance, market observers have highlighted a similar occurrence around key psychological levels in history. On November 22, Bitcoin reached an all-time high of $99,800, just $200 away from hitting $100,000, a milestone that the crypto community and the global finance space have been anticipating since the last cycle. However, in the two days that followed, Bitcoin traded in a tight range between $99K and $98K. The bears ultimately took control, and Bitcoin broke below this range, hitting a low of $90,700 by Tuesday. With anticipation for $100K slightly…

Crypto.com is now allowing US users in four states to add stocks and ETFs to their portfolios. This represents a major step forward for the exchange as it transforms from a purely crypto-focused platform into a greater presence in traditional finance. Since 2023, the company has made inroads with many jurisdictions, and this new acceptance from US regulators represents a dramatic turn in their working relationship. US Warms Up to Crypto.com Crypto.com, an exchange with years of history in the space, is now offering stock and ETF services to a limited range of US clients. The company made this announcement…

Midas, an open web institutional-grade digital assets platform, is proud to partner with Plume Network. This Layer 1 protocol highlights the utilization of Real World Assets (RWAs). This partnership would seek to onboard institutional-quality investments into the decentralized finance space using Plume’s strong core. We’re proud to announce integration with @plumenetwork, an L1 focused on the adoption of Real World Assets.Midas’ products will launch on the Plume mainnet, bringing institutional-grade assets to the open web. pic.twitter.com/E2XBztPL5T — Midas (@MidasRWA) January 3, 2025 Midas products will start on the Plume mainnet, hence opening dawn for tokenized RWAs and other ventures like…

Prominent business and finance expert Robert Kiyosaki, also well-known for his book on personal finance management “Rich Dad Poor Dad”, has addressed his X followers, including many crypto enthusiasts, on the subject of the approaching Thanksgiving Day in the US. Even in this celebratory post, Kiyosaki did not hold back and talk about making a fortune and named a key quality necessary for it. This tweet comes right after the “Rich Dad Poor Dad” author made a prediction that Bitcoin is to reach $500,000 next year. Kiyosaki reveals key ingredient for becoming rich Robert Kiyosaki tweeted that Thanksgiving Day is…

Cardano has released Plan 529 as an important stepping stone to the Plomin hard fork that is set to enhance the blockchain’s governance and capabilities. This upgrade is named after Matthew Plomin, a key member of the community and the co-founder of the Cardano USDM stablecoin. The Plomin hard fork, formerly known as Chang 2, is to occur at epoch 529, which is expected to start on the 20th of December, 2024. The date was announced by Intersect, a Cardano community entity that has been involved in coordinating the upgrade. Plan 529 describes the process for the mainnet hard fork…

Liberland President Vít Jedlička has named Justin Sun, TRON founder and former Grenadian ambassador to the WTO, as acting Prime Minister. The announcement, follows Liberland’s first-ever congressional elections, conducted via an algorithmic blockchain-based voting system—a bold experiment in transparency and decentralized democracy. Liberland, a self-declared microstate located on a disputed territory between Croatia and Serbia, has adopted blockchain as the backbone of its governance. Its recent elections, pitched as a foolproof model for democracy, underscore this commitment. While no country formally recognizes Liberland as a state, its leadership remains resolute in demonstrating its viability. The elections also saw influencer Evan…