Author: NBTC
Money market fund assets have reached an all-time high of $6.24 trillion, driven by high interest rates offering 5%-5.5% yields. The Federal Reserve is expected to start cutting rates next month, with at least five rate cuts anticipated by March 2025. Trillions in money market funds may flow into stocks and crypto, potentially driving prices to new highs as yields decrease. Money market fund assets have risen to a record $6.24 trillion. This growth marks a new all-time high, fueled by current economic conditions and market optimism. 𝗢𝗡𝗘 𝗠𝗔𝗦𝗦𝗜𝗩𝗘 𝗟𝗜𝗤𝗨𝗜𝗗𝗜𝗧𝗬 𝗜𝗡𝗝𝗘𝗖𝗧𝗜𝗢𝗡 𝗡𝗢 𝗢𝗡𝗘 𝗜𝗦 𝗧𝗔𝗟𝗞𝗜𝗡𝗚 𝗔𝗕𝗢𝗨𝗧 🚨 MONEY MARKET FUND…
Ripple retains 1.3 billion XRP in its spendable wallets after unlocking 1 billion tokens from escrow for July, sparking speculation of a settlement in the SEC case. Whale Alert, a crypto tracking resource, spotlighted the latest development, which occurred across multiple transactions within two hours yesterday. The first batch involved seven fund movements, with which Ripple transferred 1.1 billion XRP to three different wallets and locked up 800 million XRP in escrow. Details of the Ripple Transactions Notably, in the first batch, Ripple moved 200 million XRP to “rBg…91m,” and then transferred 300 million XRP to “rDd…eCK” yesterday. The firm…
Keyboard Cat creator Charlie Schmidt recently united two meme coins under the same banner: a licensing agreement for leveraging the likeness of his famous musical cat. The artist posted a 54-second clip of his cat Fatso playing the piano online 17 years ago. Since then, the video has become enshrined in internet culture, netting 77 million YouTube views and inspiring meme coins on Solana and Coinbase’s Ethereum layer-2 network Base. There used to be a sense of confrontation between the two communities, but the claws are no longer out, according to Schmidt’s official “meme manager” Ben Lashes. A former professional…
Binance has announced the addition of Self Chain (SLF) to its various services, giving users more ways to interact with the token. SLF is now available on Binance Simple Earn, “Buy Crypto”, and Binance Convert. Binance will also integrate SLF into its Margin and Auto Trading services in the coming days. Users can now subscribe to SLF Flexible Products via Binance Simple Earn and have the opportunity to earn rewards with their SLF assets. SLF will also be available for purchase via Binance Auto-Invest starting September 2, 2024 at 1:00 PM UTC, allowing users to automate their investments in SLF…
Nexon’s blockchain arm has launched a new token to boost user engagement and ecosystem growth in its web3 game. South Korean video game developer Nexon’s blockchain subsidiary NEXPACE has announced the launch of its own cryptocurrency to enhance user participation and drive ecosystem growth within its web3 game called MapleStory Universe. In a Medium announcement on Aug. 27, NEXPACE said the so-called NXPC token is designed to allow players and community members to contribute directly to in-game content creation, a role traditionally reserved for game developers. MapleStory Universe, a web3 spin-off of Nexon’s 2003 2D online game MapleStory, is built…
Bitcoin (BTC) has reclaimed a crucial price level earlier today, and it appears that more highs will be seen in the coming days. As of writing time, BTC is trading at $61,386, after a jump of 4.29% in the last 24 hours. Notably, it was trading around $58,000 almost 12 hours ago. Consequently, this surge to $61,386 is considered a bullish move from Bitcoin, and it may be the start of a major price rally. Analysts are also giving bullish Bitcoin price predictions after seeing this significant recovery. For instance, prominent crypto analyst Jelle has predicted that BTC can hit…
Tapswap, a popular tap-to-earn game on Telegram, pushed back its much-awaited token launch to the third quarter of 2024, the project announced on Monday. The airdrop, a type of free cryptocurrency giveaway dropped into people’s wallets, will also take place at the same time, it said. Also read: Tapswap mum on specifics of token launch on TON blockchain Tapswap initially scheduled the airdrop for May 30 but delayed it to July 1 due to an influx of bots that aimed to farm airdrop points, according to a previous Decrypt report. The team said the token generation event has now been…
The geopolitical tensions are escalating as Russia takes a firm stance on the legal proceedings involving Pavel Durov, the founder of Telegram. This case underscores the complexities of international law and digital governance amid rising political repression. Dmitry Peskov’s remarks highlight Russia’s commitment to defending Durov as a citizen, emphasizing the diplomatic implications entangled in this situation. The article discusses the Russian government’s warning to France regarding the legal case against Pavel Durov, highlighting potential political motivations and implications for international relations. Political Dimensions of Durov’s Detention Pavel Durov, who has dual citizenship in Russia and France, finds himself at…
Cryptocurrency exchange platform OKX has addressed recent concerns regarding its FLOKI Pledge Loan Mechanism. The clarification follows remarks from on-chain arbitrageur CryptoWilson, who noted an unusual spike in trading volume for OKX’s Floki trading pair starting from August 29, 2024. This led to automatic purchases of Floki at higher prices and forced sales of collateralized BES loans. OKX clarified that the automatic currency exchange occurs when the pledge risk rate seems secure. They explained their mortgage loan system operates as a customer-to-customer (C2C) market, matching depositors with borrowers. This system maintains a 100% reserve principle. 关于 FLOKI 质押借币机制问题的调查与说明Q1：在质押借币风险率安全的情况下为什么会触发自动换币？自动换币具体规则是什么？OKX的活期抵押借币是一个存币用户和借币用户之间匹配的C2C市场，基于100%准备金的基本运营原则，当平台借币量/存币量达到100%时，会触发平台自动换币机制。… https://t.co/ASVTnfXBlu —…
Leading non-custodial wallet Tonkeeper has announced the release of its dapp browser on Telegram. The browser, which is integrated into the Tonkeeper wallet, offers a gateway to discover the best decentralized apps in the expanding TON ecosystem. Millions of users will find it simpler to access their favorite dapps and find new dapps for engaging in sectors like gaming, DeFi, and entertainment with the introduction of the Tonkeeper dapp browser in Telegram. The browser launch is being supported by over ten partners across categories including Utilities and DeFi. Leading DEX Ston.fi is one of the launch partners whose dapps are…