Author: NBTC

Polygon, a top Ethereum L2 scaling solution, has witnessed a spike in TVL in the DeFi sector as its total value locked as touched $1.15 billion. In this respect, Phoenix Group has shared the list of prominent projects on Polygon in terms of total value locked. These projects include Polymarket, $AAVE, $UNI, Spilo, $QUICK, $TNGBL, $COMP, $BAL, $CRV, and $STG. Polmarket and Spilo have not launched their coins yet.The analytics firm took to its official X account to disclose the specifics of these projects. TOP 10 #TVL ON #POLYGON #Polymarket $AAVE $UNI #Spiko $QUICK $TNGBL $COMP $BAL $CRV $STG pic.twitter.com/o7wEPKkv60…

Donald Trump’s controversial crypto project, World Liberty Financial—which recently raised $14 million in an initial token sale—has plans to create and issue its own stablecoin, sources familiar with the matter told Decrypt. The stablecoin, a type of cryptocurrency designed to hold a steady value that is often pegged to the U.S. dollar, is still in development and could take some time to launch. The World Liberty team is still determining how to make the financial product safe before bringing it to market, one source said. Meanwhile, the team is working concurrently on major project components for World Liberty Financial, including…

Cardano (ADA) whales are in rebel mode in an attempt to help the protocol sustain its ongoing bullish rally. After dropping as low as 4% this week, the ADA price is now in rebound mode. Per data from CoinMarketCap, Cardano has recovered by more than 1.3% in 24 hours and is trading for $0.3353. Cardano whale impact This epic price rebound did not come from market sentiment; Cardano whales triggered it. According to data from IntoTheBlock, large transactions jumped by over 10% in 24 hours. Following the pump, the whales shifted 19.5 billion ADA, worth $6.48 billion. By definition, large…

Former Facebook executive Chris Kelly has highlighted Kamala Harris’s emerging position on cryptocurrency regulation during a CNBC Squawk Box interview. He suggested a potential policy shift under the Harris administration. Kelly, now involved with Crypto for Harris, emphasized the candidate’s intention to maintain American leadership in blockchain innovation. “There’s always been a solid base of pro-business moderates who just want to make sure we’re doing fantastic things for the economy and I think that’s where Kamala Harris has ended up leading the pack,” says Chris Kelly, who is now involved with Crypto for Harris. pic.twitter.com/5Z6G5xfRrF — Squawk Box (@SquawkCNBC) October…

The rise of tokenization for the U.S. Treasuries has recently gained substantial attention, resulting in a positive effect on the U.S. Treasury Bills sector. As per the latest report from the U.S. Treasury, it has labeled Ondo Finance ($ONDO) as a noteworthy project. It has positioned Ondo Finance among the top industry players such as Franklin Templeton and BlackRock. Ondo Finance disclosed this development on its official X account. The rise of tokenized US Treasuries has caught the attention of the US Treasury, and its positive impact on the US Treasury Bills market is being recognized.In its recent report, the…

In a new partnership, Baby DogeCoin has announced its collaboration with Sundog ($SUNDOG), the top memecoin on the Tron (TRX) network. This partnership is significant as Baby Doge will be actively contributing to Sundog’s success within the TRX ecosystem. BabyDoge x @SUNDOG_TRX 🌞 We are happy to announce our latest partnership with the number 1 meme coin on Tron! $SUNDOG is making history within the TRX ecosystem and BabyDoge will be contributing to their success! Dogs are stronger together 🐶 pic.twitter.com/ST9Gih2Ezg — Baby Doge (@BabyDogeCoin) September 17, 2024 Sundog has been making headlines as a rapidly growing memecoin on the…

Indian crypto exchange CoinDCX has launched the world’s first decentralized custody solution, giving users direct control over their crypto assets. According to an Oct. 30 announcement shared with crypto.news, 15 million CoinDCX users will be able to retain control over their cryptocurrency holdings without having to move the funds off the platform. Typically, user funds are stored across hot and cold wallets controlled by exchanges, which are often vulnerable to attacks. With the new feature, CoinDCX users will be assigned a blockchain wallet that stores funds outside of the exchange’s infrastructure, reducing exposure to such risks. Users also have the…

TON announced plans to launch a synthetic Bitcoin tgBTC on the TON chain. tgBTC will maintain a 1:1 peg with the price of BTC. TON is down over 3% following the announcement. TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%. TON price is under pressure amid preparation to launch Teleport Bitcoin The Open Network (TON) announced the introduction of a new synthetic Bitcoin token, TON Teleport BTC, allowing users to bridge Bitcoin directly to the…

Tether is doing “the best we can” to crack down on illicit crypto use, CEO Paolo Ardoino told CoinDesk. USDT’s role in illicit finance is a “drop in the ocean” compared to the U.S. dollar’s, he added. The company “doesn’t expect any political favors by anyone,” he said of Howard Lutnick’s role in Donald Trump’s campaign. A WSJ report Friday said Tether is under U.S. criminal investigation, which the company denied. LUGANO, SWITZERLAND – As crypto colossus Tether comes under renewed scrutiny, CEO Paolo Ardoino told CoinDesk that the company respects international sanctions and works closely with law enforcement, but…

Eigen Layer brings new weekly programmatic rewards, which will inflate the circulating supply of EIGEN tokens by 4%. The incentives will be retroactive from August 15 and will be claimable from October 8 onward. Eigen Layer, the leading Ethereum re-staking protocol, is introducing another token incentive. The programmatic incentives will be rewarded to qualifying stakers and the operators they delegate with. Eigen Layer will work to align security services, strengthening partnerships between delegators and operators. The Programmatic Incentives will have a year-long horizon, with a target distribution of 66,945,866 EIGEN. The incentives will be equal to 4% of the total…