Author: NBTC

Layer 2 blockchains are an important part of the Ethereum ecosystem. They are built to onboard new users and enable mass adoption of blockchain technology. But how do Layer 2 blockchains make this possible? And why are transactions cheaper and faster on L2s? This guide explains everything about Layer 2 scaling solutions. What Is a Layer 2 in Blockchain? The Definition of Layer 2 A Layer 2 network is a secondary blockchain that lives inside another network known as Layer 1. It processes and executes transactions off the main chain and sends the results to the Layer 1 chain. Layer…

Demand for Ethereum from U.S. investors has slowed considerably over the past week as Bitcoin extended Wednesday’s losses. The drop in interest in Ethereum and Bitcoin comes as Bitcoin’s price shed 2.8% over the past 24 hours, hitting an intraday low of $108,201, according to CoinGecko data. That has put pressure on the broader crypto market, leading to $832 million in total liquidations, with longs accounting for $666 million of those, per CoinGlass data. The decline is quantified in a new CryptoQuant report, which noted that the seven-day average outflow from U.S. spot Bitcoin ETFs hit 281 BTC, the weakest…

The FED cut interest rates by 25 basis points, in line with expectations. At 21:30 (UTC+3) FED Chairman Jerome Powell will hold a press conference. Markets were giving a nearly 100% probability that the Federal Open Market Committee (FOMC) would cut interest rates by 25 basis points for the second consecutive time. Bitcoin’s initial reaction was as follows: This move lowered the federal funds rate to a range of 4 to 4.25 percent. However, committee members face significant debate over the pace of further reductions, the lack of economic data, and the timeline for reducing the holdings of Treasurys and…

As the crypto market turns bullish, the trending perpetual decentralized exchange Aster has revealed a significant update to its VIP Program. Starting on November 3, the platform will make native ASTER ownership the primary factor in determining VIP status requirements. According to today’s official announcement on X, VIP tiers on the Aster decentralized exchange will follow two metrics: 14-day trading volume and ASTER balance. That means individuals who want to claim higher VIP tiers should ensure consistent trading activity and hold the DEX’s native token. Notably, this update reflects Aster’s dedication to incentivizing loyal token holders while promoting engagement within…

Kite, an AI-based blockchain platform, attracted PayPal Ventures and General Catalyst as its Series A investors with a total of $18M. This has been followed by the company announcing a partnership with Brevis, a zero-knowledge proof coprocessor network, to enhance verifiable trust and computation infrastructure for AI payments in the new agentic economy. Building Infrastructure for Autonomous Agent Transactions Kite recently introduced Kite Agent Identity Resolution (AIR), a comprehensive solution that allows autonomous agents to authenticate and transact securely. It allows them to operate within the real-life scenarios. The platform provides agents with encrypted identification, programmable permissions, and native stablecoin…

The U.S. central bank slashed the interest rate 0.25% on Wednesday, a widely expected move that left crypto markets largely unimpressed.  Bitcoin was trading at about $111,700, down 3% over the past 24 hours. The largest cryptocurrency by market capitalization has sagged more than 10% after dropping below $105,000 earlier this month. Ethereum, the second-largest digital asset by market value, was changing hands at about $4,000, a 3.2% decline gain since Tuesday, same time. Central bankers dropped the rate that banks charge each other for overnight lending of reserves held at the Fed to a range between 3.75% and 4%,…

Get ready for a significant leap forward in cryptocurrency trading! Binance Alpha, the innovative on-chain trading platform within the Binance Wallet, is about to revolutionize how traders discover and analyze early-stage coins. They’ve announced the exciting addition of a Semantic Layer (42), a game-changing technology poised to bring unparalleled intelligence to your trading decisions. Understanding the Revolutionary Semantic Layer for Traders At its core, a Semantic Layer acts like a sophisticated interpreter for data. Instead of just seeing raw numbers and transactions, it understands the meaning behind them. For an on-chain trading platform like Binance Alpha, this means transforming vast…

Humanity Protocol, the decentralized identity system to check the uniqueness of humans by scanning a palm, has unveiled the news of its migration to Walrus from InterPlanetary File System (IPFS), driving millions of user credentials onchain and into the Sui ecosystem. Walrus and Humanity have a collective aim to increase the figure from 10 million credentials to over 100 million user credentials by the end of 2025, along with the Walrus storing capacity of over 300GB of data by the end of the year. 🦭 @Humanityprot is coming to Walrus!The decentralized identity network backed by Pantera and Jump is migrating…

Ethereum (ETH) is showing signs of renewed volatility after its price failed to hold above the $4,000 mark. The cryptocurrency is currently trading near $3,892, reflecting a mild bearish tone as it consolidates below a crucial resistance region. This move follows multiple failed attempts to regain the 200-day exponential moving average (EMA), which continues to act as a ceiling for upward momentum. Price Action and Key Technical Levels Ethereum’s chart shows the 50% Fibonacci retracement level at $4,101 serving as the near-term resistance. The 38.2% level at $3,949 is another key zone to monitor, as a break above could open…

US stocks opened higher on Wednesday as Wall Street maintained an upbeat sentiment, with Nvidia becoming the first company to hit the $5 trillion valuation. Summary Nvidia stock jumped more than 5% to see the tech giant become the world’s first $5 trillion company. Wall Street’s uptick saw Nasdaq hit a new high and Dow Jones Industrial Average jump 250 points in early session deals. The market is awaiting Big Tech earnings reports and U.S. Federal Reserve’s interest rates decision. After the major indexes edged to record highs on Tuesday, fueled by Nvidia, Microsoft and OpenAI, stocks continued higher. On…