Author: NBTC
Web3 startup Matera successfully raised $3.6 million to build a platform to solve the monetization challenge prevalent in the creator economy, according to a press release shared with CryptoSlate. The funding round included several notable names like Sidedoor Ventures, HighCass Crypto, Medusa Ventures, The Sandbox, and Saxon Partners. DeFi for creators Matera’s mission involves integrating DeFi with established social media platforms to reshape the creator economy landscape. This approach combines the expansive reach of web2 platforms with the innovative potential of web3, aiming to transform creator networks into vibrant economies. Essentially, Matera is not trying to replace existing platforms. Instead,…
Ethereum (ETH), a leading player in the cryptocurrency market, is currently facing a formidable resistance level at $3,200. This specific ETH price point has emerged as a significant barrier due in part to the substantial holdings of approximately 2.43 million addresses, which collectively possess 5.14 million ETH as detailed by crypto analyst Ali Martinez using IntoTheBlock data on X (formerly Twitter). #Ethereum faces a brick wall resistance at $3,200, where 2.43 million addresses hold 5.14 million $ETH. pic.twitter.com/44MEA0Xge3 — Ali (@ali_charts) April 29, 2024 As of the latest market data on April 29, Ethereum is priced at $3,172.98, marking a…
The world’s largest asset manager appears poised to move deeper into the tokenization space after injecting capital into a tokenization firm it has worked with before. BlackRock led a $47 million funding round for Securitize, a company focused on bringing physical and traditional financial assets onto the blockchain, the firms said Wednesday. Fintech companies and traditional finance giants have increasingly been testing out tokenization, noting that blockchain rails can help reduce costs and improve transparency. BlackRock Larry Fink has called tokenized securities “the next generation for markets.” To that end, BlackRock and Securitize are not strangers. BlackRock launched its first…
Deep-pocketed crypto investors are abruptly shifting hundreds of millions of dollars worth of digital assets to and from unknown wallets. New data from whale-surveying platform Whale Alert reveals that over $350 million worth of Bitcoin (BTC), the top crypto asset by market cap, was moved in two separate transactions. The first transaction saw a crypto whale move 3,599 BTC ($252,067,077) from one unknown wallet to another while the second transaction saw 1,500 BTC ($105,528,550) shifted from an unknown wallet to another. Bitcoin is trading for $69,671 at time of writing, a 1.9% decrease during the last 24 hours but a…
The price of Bitcoin plunged to nearly $60,000 per coin on Tuesday afternoon, prompting liquidations for the positions of those betting on the price of the asset to go up. CoinGlass data shows that in the past 24 hours, over $261 million in long positions for all cryptocurrencies have been liquidated. Including short positions, total liquidations stand at over $324 million. In the past four hours alone, the figure stands at nearly $70 million—$24.4 million of which were positions in Bitcoin. Currently, the price of Bitcoin sits at $60,309 per data from CoinGecko, though crypto exchange Coinbase shows that it…
The Solana blockchain is home to hundreds of decentralized applications (dApp) that leverage the blockchain’s high throughput, scalability, and composability. There’s a reason it’s one of the largest DeFi ecosystems, with billions in total value locked. Decentralized exchanges (DEXs) underpin this bustling community and account for the lion’s share of the TVL on Solana. They provide users with the necessary tools to trade on-chain, swap between different tokens, offer liquidity, and much more. In the following, we attempt to provide comprehensive information on the best Solana DEXs, including important information about their protocols, but also: Key features Trading fees: critical…
The Ethereum network has reached a significant milestone, hitting 1 million validators. Terence Tsao, an Ethereum developer who goes by the name “Terence.eth” on X, took to social media to celebrate the milestone. “We reached 1 million validators,” Terence wrote on X, attaching a screenshot. According to the screenshot, Ethereum active validators have reached 1,000,012, while pending validators total 14,379. We reached 1m validators pic.twitter.com/DFtva43B2X — terence.eth (@terencechain) April 29, 2024 This milestone is accompanied by an impressive figure of approximately 32 million Ethereum staked (32,000,026 ETH). This figure represents around 26% of Ethereum’s total supply, demonstrating a substantial degree…
Agora, a cross-chain platform offering a new standard of governance tools for decentralized protocols, has raised $5 million in a seed funding round led by Haun Ventures. The round also saw participation from Coinbase Ventures, Seed Club Ventures, and Consensys Ventures, among others. Agora aims to help protocols organize their voting systems and tackle the often chaotic nature of token-holding voter governance. Co-founder Yitong Zhang, a former designer at Coinbase said in an interview that current systems for governance voting were “chaotic.” With Agora, however, Zhang believes that users can “have all the benefits of having your equity directly on…
As Solana meme coins continue dominating the bull market, traders are shifting to a new niche of cat-themed tokens. The meme coin market cap has increased by 9% today, reaching nearly $70 billion. Within this sector, the market cap of Solana meme coins has increased by over 20% today, exceeding $8 billion. However, the top gainers in the meme coin market today are not the most popular tokens like DOGE, SHIB, BONK, or even WIF, which reached a new all-time high. Instead, it’s a new category of cat-themed tokens. You might also like: Bitcoin futures open interest hits record $36b…
Ethereum (ETH) price surged as high as $3,350 on April 28, marking a 17% bounce in the last 10-day, as on-chain indicators reveal the key catalyst behind the recent uptick. Ethereum Holders Cut Market Supply by $17 million in 3-Days When Ethereum price tumbled to a 2024 low of $2,868 on April 19, it sparked fears of an incoming post-Bitcoin Halving crash driving ETH to new lows. However, rather than entering a large scale sell-off, ETH whale holders and Liquidity Staking Derivatives (LSD) users turned to the yield staking contracts to tide over the market downturn with passive income. As…