Author: NBTC
Binance Labs announced it will be changing its name, along with expanding its scope of investment to include secondary market deals, OTC and other new projects. Though, it also mentions former Binance CEO CZ and his plans to ‘engage with projects on a personal level.’ In a recent post on the last day of 2024, Binance Labs announced that it will soon be operating under a different name and plans to invest in more projects in 2025, specifically naming crypto, blockchain, AI and Biotech as main areas of focus. Binance Labs will also be expanding its investment scope outside of…
A crypto whale has recently gained significant attention with a massive $LDO deposit into Binance. As per the on-chain analytics firm Lookonchain, the whale deposited 1.4M $LDO tokens (nearly $3.03M) into Binance, denoting strategic trading amid market volatility. The on-chain analytics platform disclosed this incident on social media. A whale deposited 1.4M $LDO($3.03M) into #Binance when the $LDO price reached the breakeven point.Between June 21 and June 26, the whale bought 1.4M $LDO($3.09M) at $2.21, 39,469 $AAVE($3.25M) at $82.44, and 2,561 $MKR($6.32M) at $2,470.Currently making a profit of $6.97M on… pic.twitter.com/20jQ2zjCSK — Lookonchain (@lookonchain) December 6, 2024 Crypto Whale Deposits…
State Duma lawmaker Adam Delimkhanov says crypto miners in Chechnya will be equated with terrorists, following the ban on cryptocurrency mining in several regions in Russia starting in January 2025. According to Russian news outlet Tsargrad TV, Delimkhanov stated that starting from Jan. 1, 2025 cryptocurrency mining will be deemed illegal in the Chechen Republic. Therefore, anyone found mining crypto in the region will be punished severely. “We will equate them with terrorists, since their actions harm the whole society,” the deputy said, adding that he was relaying the words of Chechen Head of State Ramzan Kadyrov. Delimkhanov explained that…
A historic event in the development of blockchain gaming occurred when Orochi Network and Zypher Network signed a strategic partnership agreement. This partnership uses complementary features of both networks to improve security, scalability, and features within the gaming space with the power of Zero-Knowledge Proofs (ZKPs). 🚀 Gmorochi! Our launch has been completed on @Zypher_Network – The Verifiable Data & Asset protocol for high-performance apps.Stay tuned for more innovations, including zkDatabase aaS and zkDA Layer, set to revolutionize blockchain data reliability. 🌟 pic.twitter.com/0C9LW4N174 — Orochi Network (@OrochiNetwork) December 30, 2024 About the Networks Approved by the Ethereum Foundation, Orochi is…
Mike McGlone, the chief commodity strategist at Bloomberg Intelligence, has taken to his X account to share part of the recent report published by the analytics agency he works for and mention that Bitcoin and a few other assets have been massively outpacing one fundamental asset lately – crude oil. Bitcoin beats crude oil, McGlone explains why In his tweet, McGlone stated that crude oil currently is on the bottom of his “annual macroeconomic-performance scorecard”, while Bitcoin, gold, and S&P 500 index are on top of it. Bitcoin and the other two outperforming crude oil is down to the rapidly…
Solana (SOL) is attracting more stablecoins in the past day, as liquidity shifts to the most promising markets. A shift to DeFi lending and DEX activities is driving the trend. Solana (SOL) is setting out as one of the most active chains for 2024. Solana saw increased stablecoin inflows in the last days of the year, surpassing all other chains. Based on data by Lookonchain, Solana attracted more than $454M in stablecoin inflows in the past week. Methods for tracking inflows differ, but the overall trend is for more active bridging of stablecoins into Solana’s apps and lending pools. Solana…
Billy Markus, who created the original meme cryptocurrency Dogecoin (DOGE) with Jackson Palmer in 2013, has taken to his account on the X platform to reflect on the fact that recently he has changed his attitude toward cryptocurrencies. He also took a jab at the conventional banking system, adding emphasis to his statement on crypto. Billy Markus is widely known on social media under pseudonym Shibetoshi Nakamoto, which is an ironic reference to the Bitcoin creator Satoshi. DOGE founder likes crypto much better now In a fresh tweet, Markus admitted that he was beginning to “appreciate cryptocurrency so much more…
Blockstream has announced a strategic partnership between zkLink Labs to develop zero-knowledge crypto encryption and cross-chain compatibility in the digital asset ecosystem. Blockstream shared the development on the X social media today December 30. zkLink Labs is a multi-rollup and multi-chain layer 3 infrastructure that uses zero –technology to unite liquidity access across interlinked blockchains. In other words, its mission is to resolve various hurdles in the landscape of multi-chain trading. On the other hand, Blockstream is a provider of blockchain technologies, striving to develop the foundations for the future’s financial infrastructure. This partnership allows Blockstream to integrate with more…
Bitcoin (BTC) has been consolidating below the $100,000 psychological resistance since breaking out of a seven-month downtrend in November. Now, traders are cautiously looking at key levels that BTC needs to reclaim before trying a new price rally above $100k. In particular, CrypNuevo has set a key price target to validate the upward momentum and a potential $100,000 breakout. According to a post on November 29, the trader is ready to open long positions if Bitcoin reclaims $98,300. “If we want to see a push higher to $104k-$105k , then Bitcoin needs to get back above this key level: $98.3k.…
Ethereum (ETH) was still the leader of DEX activity for 2024, at least in terms of trading volumes. The Uniswap V3 contract was among the most widely used throughout the year, offering the best liquidity for wrapped ETH and stablecoins. Ethereum still surpassed other chains in its yearly DEX activity and volumes. Despite lagging meme token launches, Ethereum hosted significant liquidity through Uniswap V3, which still has not been replaced on L2 chains or any other network. In the past 12 months, Ethereum DEX achieved $674B in trading volumes, still surpassing Solana’s $626B. BNB Chain took the third spot with…