Author: NBTC
The chief executive officer of the world’s largest crypto exchange says that crypto’s latest crash is likely to be short-lived. According to Binance CEO Richard Teng, outside forces are currently shaping the digital asset markets. “Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe it’s indicative of a long-term negative trend. With potential Fed rate cuts & geopolitical volatility, there’s still significant potential for market fluctuations. Reminder to always DYOR (do your own research) & stay informed. Keep building!” The crypto market cap, which sat around $2.48 trillion seven days ago, is…
Ethereum’s DeFi scene has been buzzing again this year, with the emergence of a new kind of asset called “liquid restaking tokens” or LRTs promising to maximize investor’s yields like never before. In the last year, billions of dollars of vale have flowed into liquid restaking protocols like Kelp DAO, Ether.Fi, Swell and Puffer Finance, and those platforms are locked in a turf war, vying to become the protocol of choice for adventurous DeFi investors. The liquid restaking trend arose thanks to EigenLayer, itself a fairly recent protocol, which last year launched a novel “restaking” platform on Ethereum. EigenLayer has…
As Ethereum (ETH) continues its months-long decline, analysts are divided on the cryptocurrency’s next price move. Some predict a further decline, potentially reaching $1,200 by the end of the year, while others anticipate a potential upward breakout. This piece explores the reasoning behind these differing positions. Ethereum May Fall to $1200 or Rise In a post on X, crypto analyst and entrepreneur Benjamin Cowen noted that ETH is currently trading within a wedge pattern, formed by converging support and resistance lines that narrow as the price fluctuates. Cowen pointed out that ETH traded within a similar wedge pattern back in…
According to recently published data, the original meme cryptocurrency Dogecoin remains ahead of the rest of the meme coins’ market. The key metric in which it continues to surpass them is the activity of the loyal DOGE community on various social media platforms. SHIB now again comes second after Dogecoin here. On Friday, the official Shiba Inu marketing lead, who prefers to call herself Lucie, shared a diagram. It shows that SHIB has regained the second place in social activity among meme cryptocurrencies. DOGE remains on the first place unsurpassed. $SHIB 🥰❤️ back to second place pic.twitter.com/jWqTmLWuzb — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB)…
The dream of decentralized finance (DeFi) on the Bitcoin blockchain has eluded developers for nearly as long as it the dominant blockchain has existed. But a crucial component of DeFi, smart contracts, are not native to the Bitcoin blockchain. A group of developers, however, is set to launch the OP_NET testnet on Wednesday, which they say will bring the programmable feature to Bitcoin. OP_NET takes advantage of the Tapscript component of the Bitcoin Taproot upgrade, which also made Ordinals and Runes possible. According to pseudonymous OP_NET co-founder Chad Master, the objective is to build a meta protocol system that is…
The total value locked (TVL) within The Open Network (TON) ecosystem has reached approximately $370 million, reflecting the growing adoption of decentralized finance (DeFi) on the TON blockchain. Based on data from DefiLlama, the leading protocols by TVL on TON showcase a blend of liquid staking, decentralized exchanges (DEX), real-world assets (RWA), and lending platforms. Here’s a breakdown of the top performers within the TON blockchain ecosystem. Top 7 TON Protocols by Total Value LockedThe total value of assets locked in The Open Network $TON is around $370M, according to @DefiLlama. Let’s compare the top protocols on @ton_blockchain by current…
Analysts are pointing to important technical levels that may determine Ethereum’s (ETH) short-term trajectory as it approaches a pivotal point. After a notable decline that put investor confidence to the test, ETH is currently trading at $2,247. That being said, the 200-week moving average and the annual open are currently significant technical indicators, indicating that ETH’s next move may be pivotal. $ETH 1WProbably the most important area for ETH here- 200W MA- Yearly OpenSome initial reclaims would be needed from BTC to see a face melting bounce from here imo but possible with cooler than expected CPI/PPI prints later this…
The EOS Network Foundation has announced a landmark development in terms of total value locked. The TVL of the EOS Network has reportedly reached an exclusive all-time high spot of 242.44M $EOS, denoting the increasing momentum and resilient activity in the platform’s ecosystem. The company took to its official social media account to announce this remarkable development. The EOS Total Value Locked (TVL) has recently reached an all-time high of 242.44 Million $EOS.⚡️ The #EOS Network engine is running at high speeds. pic.twitter.com/xahxhQsqaf — EOS Network Foundation (@EOSNetworkFDN) August 23, 2024 EOS Network’s New Landmark Achievement Results in Its TVL…
Bitcoin has led a global crypto market downturn in the past few days, with the asset down to as low as $49,751 on August 5. This significant plunge from Bitcoin has been attributed by many to the downturn in the Japanese markets. The Trigger in Japan Speaking on the crash, Nassim Nicholas Taleb, a risk analyst, author of “The Black Swan” and a well-known Bitcoin detractor, sheds light on the origins of the recent market disruptions that have rippled through to cryptocurrencies. On Monday, the Japanese stock market fell severely, dropping by more than 10%. The report said this plunge…
The immutable nature of the blockchain was put in stark relief on Wednesday when CryptoPunk #2386, which is valued around 600 ETH (about $1.5 million), was acquired for a fraction of that price at 10 ETH (or just over $23,000)—after being locked up and overlooked thanks to a now-defunct website. CryptoPunks are some of the most valuable Ethereum NFTs around, even years after the market boom. This particular Punk was especially prized, as out of the total collection of 10,000 profile pics, it was one of only 24 that depicted an ape—an animal beloved across the NFT space. One of…