Author: NBTC

Walrus, a popular decentralized data storage platform, has recently integrated with Pipe Network, a prominent decentralized content delivery network (CDN). The integration endeavors to enhance bandwidth as well as minimize latency across chains. Walrus’s official social announcement labels this integration as a remarkable merger of the strengths of both the entities. The collaboration will enable seamless storage, robust compute capabilities, and delivery infrastructure across several high-throughput blockchains. Walrus x @PipeNetworkWe’re partnering up to power the decentralized internet.🦭 Walrus will use Pipe’s 280K+ PoP nodes to supercharge content delivery at the edge. ⚡️ Pipe will leverage Walrus for scalable, programmable data…

HLP0, which offers depositors a tokenized representation of Hyperliquid’s HLP vault, is facing backlash for withdrawing user funds from the multi-sig and bridging them to Avalanche and Arbitrum DeFi protocols instead of contributing them to the HLP vault. HLP0 boasts a total-value locked (TVL) of $40 million, but $29 million of that capital has been bridged to Avalanche, and $11 million remains on Arbitrum. The funds are being used on two DeFi protocols, Aave, and Avalanche-based decentralized exchange (DEX), Blackhole, according to the multi-sig’s DeBank profile. HLP0 Multi-Sig DeBank Cain O’Sullivan of Hyperdrive flagged the activity on X where he…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has just formed a death cross on its hourly chart. A death cross occurs when a short-term moving average falls below a longer-term one, indicating potential downward momentum. On the hourly chart, Ethereum’s 50-hour moving average crossed below the 200-hour moving average, forming the “death cross” pattern. While moving average crossovers on the daily or weekly charts tend to carry more weight, such signals on the hourly chart might depict short-term weakness. The most recent death cross on the Ethereum hourly chart follows a major sell-off on the crypto market, which has…

Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid shutdowns of 2020. The data seems likely to put an end to the wait-and-see approach of Federal Reserve Chairman Jerome Powell and set the central bank on a path to restarting rate cuts at its next meeting in September. That’s sent the yield on the 10-year U.S. Treasury bond plunging 14 basis points to 4.22% and the price of gold pumping 1.5% to $3,400 per ounce and back within sight…

An Ethereum (ETH)-based decentralized finance (DeFi) altcoin is on the rise after gaining support from the top US-based crypto exchange platform. In a new thread, Coinbase says it is adding support for Euler (EUL), a lending and borrowing protocol built on top of the second-largest digital asset by market cap. “Euler (EUL) is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” Following the announcement, EUL saw a price increase, rising from an August 6th low of $11.02 to a peak of…

Ethereum price has had a massive run this month, gaining over 50% in July and bringing new excitement to the crypto market. Many traders are already calling for $5,000 ETH, but before that milestone comes into play, the first real target sits near $4,500. The path to that level may not be smooth, though. On-chain and trading data suggest one more pullback could happen before Ethereum pushes higher. Sell Pressure Builds As Taker-Sell Ratio Spikes The taker-sell ratio, which measures aggressive sell orders against buys, jumped to 0.52 on July 28. The last time this ratio hit these levels, back…

Crypto exchange-traded funds on U.S. exchanges recorded their strongest month ever in July, attracting $12.8 billion in net inflows as investor enthusiasm surged alongside rising token prices and optimism around regulation. The data, reported by Bloomberg Intelligence’s Eric Balchunas, marks a new monthly record for the sector. The only month that came close was November 2024, when markets rallied on the election of Donald Trump, who was widely viewed as favorable to crypto interests. This time, bullishness may be driven less by politics and more by fundamentals. The crypto market, as tracked by the CoinDesk 20 Index, jumped over 21%…

In the dynamic world of digital assets, understanding the performance of key players is crucial. Recently, Canaan, a prominent publicly traded Bitcoin miner listed on Nasdaq, released its unaudited mining update for July. This report offers valuable insights into the company’s operational efficiency and strategic accumulation of digital assets. Canaan’s impressive results highlight its ongoing commitment to the Bitcoin mining operations space, revealing both its monthly output and significant total holdings. What’s Driving Canaan’s Bitcoin Mining Success? Canaan reported mining 89 Bitcoin in July. This figure represents the company’s output from its various mining operations during that specific month. For…

Marex (MRX), a global financial services platform, has become the first clearing firm to integrate Kinexys Digital Payments, a blockchain-based settlement system developed by JPMorgan (JPM), through a collaboration with Brevan Howard Digital, the company said in a press release on Wednesday. The initiative is aimed at modernizing payment infrastructure and reducing settlement risk by leveraging programmable, always-on digital ledger technology, the company said. Kinexys is part of JPMorgan’s broader push into digital assets and allows for near-instant settlement through blockchain deposit accounts, marking a significant shift from legacy rails to 24/7 digital clearing mechanisms. Brevan Howard Digital, which joined…

Ethereum may face downward pressure in August, as the institutional and whale support that fueled its rally to a July peak of $3,800 appears to be retreating. With bearish sentiment silently mounting across the broader crypto market, the leading altcoin now faces a tougher climb back toward the $4,000 mark. ETH Futures Sink to $6.2 Billion: Institutional Confidence Losing Steam? On-chain and derivatives data show a recent trend of decline in activity among the market’s biggest players. For example, open interest in ETH futures contracts on the Chicago Mercantile Exchange (CME) has fallen sharply, closing yesterday at a five-day low…