Author: NBTC

Solana co-founder Anatoly Yakovenko made ambitious statements about the new version of Solana in his statement following Ethereum’s latest Pectra update. Yakovenko stated that with the Solana v2.2 release, there was a 20% increase in the network’s processing power, which corresponds to a capacity increase five times that of Ethereum’s Pectra update. On Wednesday, the Ethereum network successfully launched Pectra, its third major update since Merge. The update aims to improve the network’s user experience, increase scalability, and strengthen staking flexibility. Pectra includes innovations such as account abstraction, adjustments to data storage requirements, increased validator staking limits, and greater flexibility…

In the dynamic world of cryptocurrency, support for foundational infrastructure is key to long-term growth and adoption. That’s why recent news from Tether, the issuer of the widely used USDT stablecoin, has caught the attention of many in the space. Tether announced a significant contribution aimed at bolstering the backbone of crypto commerce: a second $100,000 grant to the BTCPay Server Foundation. This move isn’t just about money; it’s a strong reaffirmation of commitment to the principles of free and open-source software development, which are vital for a decentralized future. Why is Support for Open Source Crypto Critical? The cryptocurrency…

The world of cryptocurrency is constantly buzzing with activity, and sometimes, a single transaction can grab the attention of the entire market. That’s precisely what happened recently when a significant USDT transfer involving a substantial amount of funds was detected, moving from the HTX exchange to the Aave decentralized finance (DeFi) protocol. This kind of large movement often signals strategic positioning by major players, commonly referred to as crypto whales, and understanding these movements can offer valuable insights into market sentiment and potential future trends. What Did Whale Alert Report? Blockchain tracking service Whale Alert, known for monitoring large cryptocurrency…

In recent weeks, the cryptocurrency market has witnessed one of its most aggressive shakeouts. The most recent liquidation heatmap shows that leveraged traders were severely impacted, as Bitcoin approached the $100,000 mark with over $298 million in total liquidations over the previous day. With losses of $114,46 million, Bitcoin led the wipeout as expected, followed by Ethereum with $65 million. The brunt fell on shorts wiping out $215 million in short positions, indicating a traditional short squeeze setup. In terms of price, Bitcoin is now trading just under $100,000, indicating that its breakout rally is still going strong. The asset…

For the past two years, Ethereum’s price has lagged behind Bitcoin. But over the past two days, ETH has been outpacing BTC and other major coins, with three analysts whom Decrypt contacted attributing its huge gains to a flawlessly executed technical upgrade and a few hopeful signs about the global economy. The analysts believe that Ethereum may have significant upside after languishing in the doldrums amid concerns about its underlying network’s speed and efficiency. “The market is poised to reward ETH, the world’s second-largest crypto asset, as it emerges from internal challenges, layer-1 competition, and Q1 risk-off pressures,” said Joel…

Crypto analyst Deso accuses Tether of using risky financial loops and borrowed funds instead of real USD to back USDT. Tether’s HQ move to El Salvador and claims of $150B USDT control by its co-founder spark further concerns over transparency. A viral post on X by crypto analyst Deso has raised serious questions about the stability of Tether (USDT)—the world’s largest stablecoin. Deso claims Tether may not be fully backed by real US dollars, but instead by borrowed money and risky financial loops, potentially endangering the entire crypto market. Analyst Warns of Ponzi-Like Structure Behind Tether Tether, designed to maintain…

⚈ XRP open interest nears monthly high with over 1.5 billion positions on May 8.⚈ SEC settlement agreement fuels XRP’s price surge to $2.37, up 6.81% in 24 hours.⚈ XRP targets $2.40 next, with potential range-bound trading between $2.58 and $2.75. XRP open interest, which measures the number of derivatives positions open at any given time, is close to a 1-month high. As of May 8, there were slightly more than 1.5 billion such positions open — 1,509,021,450, to be exact. This represents a 13.37% surge from the roughly 1.3 billion (1,330,942,764) positions that were open a day earlier, according…

Big news in the digital collectibles space! The popular NFT project, Pudgy Penguins, is expanding its universe in a significant way. They’ve just announced the launch of their brand-new multiplayer game, aptly named Pengu Clash. This isn’t just any game; it’s built on TON blockchain, bringing the charming Pudgy Penguins characters to life in an interactive format accessible to a wide audience. What is Pengu Clash and Why TON Blockchain? Pengu Clash is the latest venture from the Pudgy Penguins team, designed to offer a fun and engaging experience centered around their beloved characters. At its core, it’s a multiplayer…

Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Bitcoin miners wrangle with malaise, Coinbase tries a little misdirection ahead of its earnings miss, and sources say Meta is stablecoin curious. Bitcoin miners’ malaise Publicly traded Bitcoin miners have faced some dark days this week. Stocking up on BTC wasn’t enough to help MARA Holdings, which trades on the Nasdaq under the MARA ticker, outrun a lousy quarterly report on Thursday. Remember that at the end of March 31, when Bitcoin was trading for around $83,000, the company announced a $2…

Metis officially launched the Hyperion testnet, marking a key step in a four-month campaign designed to shift from testing to a fully operational mainnet. Unlike typical testnets, Hyperion focuses on building real value for developers, AI builders, and the broader ecosystem. The campaign offers $400,000 in incentives for developers and community participants. Hyperion Testnet: AI and Real-Time dApp Focus Hyperion specifically supports AI-native and high-performance decentralized applications. Its design includes parallel execution and a decentralized sequencer network. These technical features allow fast transaction processing, reducing latency for real-time apps like high-frequency trading platforms and AI tools. Additionally, Hyperion introduces infrastructure…