Author: NBTC
Decentralized exchanges (DEXs) have the potential to revolutionize finance — but without solving their capital inefficiency issues, they will always struggle to keep up with their centralized counterparts. Let’s be honest: Capital efficiency is the name of the game. It’s about making every dollar — or token, or coin — work as hard as possible. Unlike CEXs, which have a more predictable liquidity structure, DEXs rely on independent liquidity providers (LPs) to contribute their assets to liquidity pools. These pools act as shared reserves that facilitate trades on decentralized exchanges without the need for intermediaries. When traders execute a trade,…
Tron, the blockchain founded by Justin Sun, is now embracing the meme coin trend with the launch of SunPump, a platform designed to create these tokens on the network. According to a Dune Analytics dashboard compiled by Hashed Official, more than 5,596 meme coins have been launched on Tron through SunPump. This activity has generated over 2 million TRX, valued at approximately $257,779. Tron Gains Momentum With SunPump Memecoins On August 17, Tron saw its highest single-day revenue from these meme coin launches, with over 1 million TRX (around $133,000) spent on the creation and trading of these assets. Tron’s…
Bitcoin (BTC) is down by 5.2% over the past 24 hours after being rejected at the $70,000 price level on July 29th and the scaling of Middle East conflicts. The pullback affected major altcoins, such as Solana (SOL), which is down by 10% in the same period. This movement triggered nearly $312 million in daily liquidations. The liquidation wave hit mostly traders with open long positions, resulting in $287 million in losses. BTC long positions accounted for $69.6 million, while Ethereum (ETH) longs represented $72.3 million of the total liquidated. Notably, the sharp price was likely triggered by Middle East…
Next week is going to be an interesting week in the blockchain industry. TOP 7 ICO has released a detailed schedule of major blockchain events happening from August 19th to August 25th. This week will feature several noteworthy activities across various crypto and blockchain projects. Moreover, there will be some token unlocks as well which need to be monitored if you are a trader. Top Upcoming Events of the Next WeekWe compiled a list of top important upcoming events of the next week (Aug 19th – Aug 25th) among blockchain projects, including @Aark_Digital $AARK, @PolyhedraZK $ZKJ, @realDogsHouse $DOGS, @SimonsCat $CAT,…
Bitcoin price crashed more than 6% to trade to near $62k on Thursday as August began on a painful footing for cryptocurrencies and stocks. On August 1, the global cryptocurrency market cap fell to $2.3 trillion amid an overall 5.7% dump. BTC fell to lows of $62,300 across major crypto exchanges. The declines also hit Ethereum, which traded to lows of $3k and Solana that retreated sharply to touch $160. XRP, Dogecoin and Pepe also experienced sharp declines. Why did Bitcoin, crypto prices fall today? Losses across the crypto market came as the stock market nosedived, with the Dow Jones…
While the cryptocurrency market is stagnant, two whales have invested a significant amount in a memecoin. First, a crypto whale with a short address of 0xbe2 withdrew $2.47 million worth of PEPE tokens via Kraken. With this transaction, the whale’s total PEPE withdrawals via Kraken reached 582 billion tokens. The wallet purchased these tokens for an average price of $0.000008946. The whale’s PEPE tokens are thought to be worth a total of $5.21 million. Despite this large stash, the whale wallet has not made any sales. However, current market conditions have not been favorable for the whale. PEPE assets currently…
A top cryptocurrency analyst and trader is warning that Bitcoin (BTC) could flip bearish if one key support level is lost. The analyst pseudonymously known as DonAlt tells the 61,600 subscribers of the Technical Roundup YouTube channel that if Bitcoin fails to hold $63,000 as support on the weekly chart it could plummet in value. “This was the trigger to be bullish – $60,000 reclaimed… And then it went all the way back to top of the range, actually. And now it’s getting rejected. And the long trigger, the bullishness that you should have from the range reclaim, the $60,000…
TON led gains in the crypto market on Monday as HashKey announced a partnership with popular GameFi project Catizen. DYDX is also up as traders continue to be optimistic about weekly gains in its volume. Bitcoin (BTC), ether (ETH) and most other crypto majors were flat in Asia as the region’s business week began, with the CoinDesk 20 (CD20), a measure of the largest digital assets, down 0.43%. One of the highlights of the Monday session was TON, the digital asset associated with Telegram. The token was up 5.6% as HashKey announced a partnership with the project. HashKey will offer…
In a groundbreaking move for the Bitcoin (BTC) ecosystem, Bitflow has announced the integration of its native swap function into Leather, one of the leading wallets within the Bitcoin network. This integration is set to simplify asset swapping on Stacks for over 370,000 Leather wallet users, effectively addressing user experience barriers that often hinder deeper engagement with decentralized finance (DeFi). With this update, crypto enthusiasts can effortlessly take their first steps into the burgeoning world of Bitcoin DeFi. Streamlining Bitcoin L2 Stacks The integration of Bitflow’s Swap function in Leather is a pivotal development that opens the door for a…
Cardano’s layer-2 scaling solution, Hydra, is making a splash in the blockchain world with its innovative features, and the recent implementation of the classic game Doom is a prime example. Romain Pellerin, the Chief Technology Officer of Input Output Hong Kong (IOHK), took to X to highlight Hydra’s advantages, especially its superiority over ZK rollups. He credits this efficiency to Hydra’s use of the Extended Unspent Transaction Output (EUTXO) model. The main advantage of Hydra is that you don’t need ZK proofs to settle on #Cardano what happened in the head. All of this thanks to the eUTXO model. People…