Author: NBTC
Yuga Labs may be in the process of selling the intellectual property rights to the Crypto Punks collection. The top NFT collection became the property of Yuga Labs in 2022, retaining its status as an exclusive club. Rumors are circulating about an eventual buyer of intellectual property rights for the Crypto Punks collection. Yuga Labs, the Bored Apes producer, acquired the Punks collection rights in 2022. They have yet to comment on the potential rights sale. The company also retains the rights to Meebits, which it acquired in addition to the Punks intellectual property rights. Yuga Labs has issued or…
XRP has surged to its highest level since May 2021, reaching a peak of $1.67 Friday morning, per data from CoinGecko. At time of publication, the price of XRP has settled at $1.66, up 13.8% on the day and 12.8% in the last week. Its price move comes amid growing speculation that an XRP exchange traded fund (ETF) may be on the horizon, alongside optimism around the potential of change at the U.S. Securities and Exchange Commission (SEC). On Monday, global ETF provider WisdomTree registered an XRP ETF in the state of Delaware, according to Fox Business—the first step to…
Kenya’s Treasury Cabinet Secretary John Mbadi has said the country is preparing legislation to legalize cryptocurrencies, a shift from the government’s previous warnings against the industry. “The emergence and growth of Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) have given rise to innovations in the local and international financial system with dynamic opportunities and challenges,” Mbadi said according to local news outlet The Standard. Mbadi stressed a need for a regulatory framework to both capitalize on the potential benefits of the industry while mitigating the risks posed by money laundering, terrorism financing and fraud. “The Government of Kenya…
BingX Launchpad exclusively debuts SOLV tokens, enabling unique participation in Solv Protocol’s DeFi-focused innovations. Solv Protocol simplifies Bitcoin staking and enhances DeFi opportunities, integrating seamlessly with BingX’s Launchpad ecosystem. BingX has announced the exclusive launch of the SOLV token from Solv Protocol on its Launchpad, representing a significant step forward in the integration of decentralized finance (DeFi) and unique token distribution schemes. Users starting January 16, 2025, will be able to subscribe to SOLV tokens and trading on BingX’s spot market will start the next day. Fast-expanding DeFi platform Solv Protocol has attracted interest for its innovative ideas improving liquidity…
Bitcoin prices rose above $99,000 on Thursday, November 21, as the digital currency came ever closer to breaking through the $100,000 level. The world’s most popular cryptocurrency reached nearly $99,400, according to Coinbase data from TradingView. The digital asset, which has generated substantial visibility at many points, has managed to draw even more eyeballs recently as highly favorable market conditions push it to a string of fresh, all-time highs. “The sentiment for Bitcoin is extremely bullish right now: From traders, media, retail investors an big institutions: Everybody wants to be part of the actual bull run which might be still…
The DeFi is going through a turbulent phase with a significant decline in the total value locked (TVL) of prominent blockchains. DeFiLlama, a globally recognized decentralized finance (DeFi) TVL aggregator, has revealed the statistical details of the top blockchains past week. The report reveals top blockchains in terms of TVL include Ethereum, Solana, Tron, Bitcoin, BSC, Base, Arbitrum, Sui, Hyperliquid, and Avalanche. Despite their significant TVL levels, the respective projects have witnessed notable slump. This shows the prevailing uncertainty across the crypto market. The plunging TVLs of the above-mentioned projects raise concerns about their near-term trajectory. Ethereum Dominates Top Ten…
HyperLiquid, a blockchain and derivatives exchange that incentivized early adoption with a large airdrop, is in the news this week for a degenerate example of crypto trading. Rektober, a crypto influencer with 83,000 followers, took just two weeks to lose more than $1 million belonging to people who thought it would be a good idea to tag along in a copy-trading fund. HyperLiquid platformed the losing strategy with its flagship offering, Vaults. On HyperLiquid, influencers can create “vaults” that are basically miniature hedge funds. Although HyperLiquid is careful to prohibit US users and avoid language describing these vaults as though…
This week I had the pleasure of interviewing Jeff Park, head of alpha strategies at Bitwise Asset Management, to unpack the BTC ETF options launch this week. Here are the main takeaways from our interview that I learned: Volatility Smile Typically with risk assets, puts demand a higher premium than calls. This is because most people use options to hedge their longs, creating skewed demand for puts over calls. This typically creates a half smile in the volatility structure as seen below: Something very unique about crypto, however, is that it has a persistent smile to its volatility surface —…
The decentralized finance (DeFi) ecosystem continues to grow at an exponential pace, and one of the most promising advancements is the integration of artificial intelligence (AI) with DeFi—known as DeFAI. This fusion of blockchain technology and AI promises to revolutionize on-chain interactions by offering automated, deterministic, and secure solutions for complex blockchain operations. Today, HeyAnon announces the launch of its latest tool, AUTOMATE, a TypeScript framework that aims to simplify the integration of any DeFi protocol into the HeyAnon ecosystem. https://t.co/R4Z4InR2DB — Daniele (@danielesesta) January 12, 2025 At the core of the HeyAnon vision is a universal “smart layer” that…
An unidentified large XRP transfer was seen in recent hours when, according to a report from Whale Alert, 35 million XRP was transferred between two unknown wallets, which is equivalent to $58.29 million so far. Such transfers are taken quite personally by crypto market participants, especially when unknown addresses are involved. It is believed that such transfers may be harbingers of price manipulation, which, given the current performance of XRP, may have a significant impact on investor sentiment. 🚨 🚨 🚨 35,000,000 #XRP (58,286,649 USD) transferred from unknown wallet to unknown wallethttps://t.co/bkWk2uPIej — Whale Alert (@whale_alert) November 29, 2024 Thus,…