Author: NBTC
Binance Research, the analytical arm of the world’s leading cryptocurrency exchange, plays a crucial role in dissecting the trends and potential futures of blockchain and decentralized finance (DeFi). Their recent report, “Breakthrough DeFi Markets,” delves deeply into the current state and evolving dynamics of the DeFi landscape, showcasing the rapid growth and innovative platforms sculpting the sector’s future. DeFi TVL up 75% in 2024 DeFi TVL has increased by 75.1% in 2024 DeFi has witnessed a significant influx of capital in 2024, leading to a 75.1% increase in total value locked (TVL), which now stands at $94.9 billion. This growth…
SEC decision day on spot Ethereum ETFs has arrived. The SEC will announce its decision on VanECck’s ETH ETF application today. While the increased possibility of ETF approval revitalizes the market, issuer companies are making some updates to their Ethereum ETF applications and removing the staking feature due to regulatory concerns. However, analysts think this decision, driven by regulatory concerns, could reduce the attractiveness of ETFs compared to direct ETH investments that offer staking rewards. Stating that staking is an important mechanism for Ethereum and other proof-of-stake blockchains, analysts said that investors who receive rewards for staking may find direct…
Jambo has partnered with OKX, the world’s leading global crypto exchange and Web3 technology company. It is an important part of the web3 mobile stack. Both standing “shoulder-to-shoulder”, the partnership will help to continue opening access for emerging markets to the digital economy through next-generation Web3 and mobile technology. All this is facilitated using OKX’s investment vehicle OKX Ventures. These firms have the shared mission of bringing Web3 technologies to a wider audience. Big Bang！ OKX Ventures is investing in Jambo with a shared mission of enhancing access to Web3 technologies and driving adoption. @okx @okxweb3 @okx_vietnam @JamboTechnology Read more:…
The CEO of Drip Haus, Vibhu Norby, has provided us with a detailed reflection of Solana’s trajectory, providing insights into the platform’s future. The past few months, from December to April, marked a period of intense activity for Solana, characterized by exhilarating highs and challenging lows. According to the CEO, Solana experienced a “huge wave,” peaking at 160,000 daily active users (DAUs) and onboarding over half a million users during this period. Despite the excitement, the influx led to significant congestion by early March, rendering the chain nearly unusable by month’s end. This period was described as “sobering” for all…
Bitcoin mining difficulty has adjusted upwards by nearly 2%, reaching over 84.4 trillion, as the network’s average hash rate surged past 600 EH/s. This increase comes amid growing optimism in the crypto market, particularly due to speculation about the potential approval of spot Ethereum ETFs in the United States. Notably, Bitcoin mining difficulty measures how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty that adjusts every 2,016 blocks (roughly every two weeks) to ensure that the time between blocks mined remains around 10 minutes, despite the number of miners…
Web3 has fallen short. The sites and apps we’ve built lack the personalization and richness that Web3 is uniquely positioned to deliver. While Web3 has achieved fundamental innovations like decentralization, sovereignty, and enhanced privacy, navigating this decentralized ecosystem still feels almost identical to Web2. This op-ed is part of CoinDesk’s Web3 Marketing Week. Wallet awareness is key to creating a digital adventure that is not only enhanced but also distinct from Web2. It’s about leveraging the rich pseudonymous information in our wallets to craft unique interactions. Unfortunately, wallet awareness is still conspicuously absent from Web3, leaving a gap in the…
As we approach the next Bitcoin halving event, scheduled for Saturday, April 20 at approximately 1:00 am ET, it is worth taking a look at how the Bitcoin price has reacted before and after previous halvings. Historically, the year following the halving has seen significant increases in Bitcoin’s price: 2012: 8.839% 2016: 285% 2020: 548% The month following the halving saw more mixed results: 2012: 9% 2016: -10% 2020: 6% While the data we have is limited, an interesting pattern emerges: The market is pricing in the short-term impact of the halving but underestimating the long-term impact. Former Bitmex CEO…
QuickSwap, a prominent decentralized exchange (DEX), has introduced Falkor. It is a latest offering designed for trading perpetual contracts, commonly referred to as perps. With Falkor, traders can engage in high leverage trading up to 50 times with zero gas fees involved. It is an innovative platform through the Polygon PoS chain gateway opens up access to brand-new and convenient services for any user. 1/ QuickPerps: Falkor is now live, a next-gen decentralised Perpetual Exchange on @0xPolygon PoS ⚖️Trade with up to 50x leverage, zero gas fees, and deep liquidity across 37+ supported tokens.Awaken the beast.Get started and read more…
Approval of a spot ether ETF could bode well for rival tokens such as solana, the report said. Bernstein said a Trump election win could mean a more crypto-friendly administration. Galaxy Digital said the approval process could drag on for a few more months. Approval of a spot ether (ETH) exchange-traded fund (ETF) in the U.S. will be seen as significant regulatory relief for the crypto sector and raise expectations for ETH’s rival SOL to be categorized as a commodity, broker Bernstein said in a research report on Tuesday. The report sent to clients days before the SEC’s final deadlines…
As blockchain vies for mainstream acceptance this week in the halls of the United States Congress, a growing number of compliance-oriented crypto projects are hopeful that a more favorable regulatory environment could soon lead to a surge in blockchain-based RWAs, or real-world assets. One such startup, Plume, has raised $10 million in seed funding for what it says will be the first layer-2 blockchain purpose-built for RWAs. The round was led by Haun Ventures and included participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures and Reciprocal Ventures. Plume’s Ethereum-based blockchain is pitched as a one-stop shop for…