Author: NBTC

This milestone increases the utility of wstETH by transforming it from a simple staking token to an active collateral asset on the JOJO Exchange. Chainlink’s high-frequency Data Streams ensure accurate real-time pricing for wstETH, supporting reliable collateral valuation. JOJO Exchange has onboarded a new innovation with Lido and Chainlink, allowing decentralized finance (DeFi) users the ability to utilize wstETH as collateral on its platform. In doing so, this integration further leverages the utility of wstETH, an interest-accruing token representing staked Ethereum from Lido. It will now utilize high-frequency Data Streams from Chainlink to ensure reliable real-time pricing. wstETH Gets New…

Ethereum price continued to rise by retail investors have clung to their holdings, a good sign for long-term growth. Minimal inflows to exchanges and Spent Output Profit Ratio (SOPR) hovering near the breakeven point indicate a collective resistance to sell despite the price rise. The behavior pattern highlighted periods where Binance and OKEx user deposit addresses remained active yet did not correspond with a sell-off, even as the price of Ethereum scaled new heights. – Advertisement – This underlined a strong “buy and hold” strategy among investors. It fueled speculations that Ethereum could escalate to $4,000 if it maintained a…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Shares of Donald Trump’s social media company, Trump Media & Technology, continued to fluctuate Tuesday following a rally spurred by reports that the president-elect is furthering his crypto business interests. The Financial Times reported Tuesday that Trump Media is in “advanced talks” to acquire crypto exchange Bakkt — a company founded and owned by New York Stock Exchange parent company Intercontinental Exchange (ICE). The news pushed Bakkt shares 162% higher Monday and Trump Media (ticker DJT) posted a 17% gain. Bakkt sustained its rally into Tuesday…

OPSEC, fell by over 78% on Oct. 31 after the AI-powered cloud security platform failed to deliver its OPSEC V2 update scheduled for October. At press time, OPSEC was exchanging hands at $0.005141 as the price continued to tumble reaching levels last seen in January. OPSEC’s downfall began as accusations of the project being a rug pull circulated on X after it could not launch a major update “OPSEC V2” which aimed to enhance security features, eliminate transaction taxes, and position the project for mass adoption through strategic partnerships and technological advancements. Everyone remember when they were set to release…

Amid the ongoing Bitcoin price correction after attempting to reclaim $70,000 on Monday, a CryptoQuant analyst known as Mac.D has highlighted key shifts in the asset’s network fundamentals. This key shift in Bitcoin’s network fundamentals includes the rise in Bitcoin’s hashrate, which has surged to an all-time high, marking a significant milestone for the network. According to Mac.D in a recent post on the CryptoQuant QuickTake platform, the rise in BTC hashrate, which measures the computational power miners use, suggests “intensified competition” among miners, driving up the mining difficulty to unprecedented levels. The Signals: Active Addresses And Mining Difficulty This…

Liquidity on DEX is in the hands of a few large providers, which reduces the degree of democratization of access to the DeFi market. Liquidity on decentralized exchanges is concentrated among a few large providers, reducing the democratization of access to the decentralized finance market, as Bank for International Settlements (BIS) analysts found in their report. BIS analyzed the Ethereum blockchain and studied the 250 largest liquidity pools on Uniswap to test whether retail LPs can compete with institutional providers. The study of the 250 largest liquidity pools on Uniswap V3 found that just a small group of participants hold…

Ethereum investors have been making big moves lately, with a mix of profits and losses catching everyone’s attention. Over the past two days, gains of $230 million and losses of $141 million from selling activity show just how unpredictable the market can be. But what’s driving these trends, and what does it mean for Ethereum’s future? Let’s break it down in this Ethereum Price prediction article and explore the factors behind these numbers. How has Ethereum (ETH) Price Moved Recently? ETH/USD Daily chart- TradingView Ethereum is currently priced at $3,144.84, with a 24-hour trading volume of $36.07 billion. It holds…

The Reserve Bank of India prioritizes the long-term potential of central bank digital currencies but is holding off on a full rollout until its effects are better understood. India‘s central bank is taking a measured approach to launching a central bank digital currency, stressing the need for a comprehensive evaluation of its potential impact before expanding its use. Speaking to reporters during a conference in Cebu, Philippines, Reserve Bank of India Deputy Governor T. Rabi Sankar said CBDCs hold promise as a transformative tool for cross-border payments, trade settlements, and remittances. However, he noted that risks persist, as a full…

A major event happened in the crypto market: a whale wallet 0x9244 sold all its Lido DAO (LDO) tokens, which led to an approximation of 900K loss. This decision came following holding $LDO for three years. The sale, as evaluated by a blockchain tracking platform known as Spot On Chain, shows that DeFi remains highly unpredictable, even to large investors. Whale 0x9244 sold all of their $LDO at a loss after holding it for 3 years.An hour ago, it swapped 458.86K $LDO ($489.6K) to 181.6 $ETH.Most of these tokens were accumulated 3 years ago across multiple wallets at an average…

Telegram tap-to-earn game MemeFi is preparing for its token launch, after the fighting game attracted millions of players vying for a chunk of its future airdrop. On Friday, November 22 at 8am ET (1pm UTC), the MEMEFI token is set to launch on the Sui network. This comes after the project hopped to the network from Ethereum layer-2 Linea last month. The promised airdrop claim will take place once the token is generated. Airdrop token allocations were revealed last Saturday, with 2.5 million suspected cheaters’ accounts receiving the ban hammer in the process. On Tuesday, allocations were adjusted after some…