Author: NBTC

According to data provided by analytics platform Lookonchain, the Ethereum Foundation recently transferred a whopping $131 million to a multi-signature wallet that is used to participate in the decentralized finance (DeFi) ecosystem. This likely indicates that the EF intends to earn additional income by participating in various DeFi protocols. The multi-sig address previously interacted with AAVE, a popular decentralized lending system. Last month, the EF decided to allocate a total of 50,000 ETH in order to participate in the DeFi sector and expand the EF’s treasury. This represents nearly a fifth of the EF’s total ETH holdings. Kain Warwick, the…

The crypto market has to prepare itself for a huge dose of sell pressure with $2.6 billion worth of token unlocks scheduled next week. This influx of new tokens could worsen the current market downturn, especially for altcoins: Ondo (ONDO), Arbitrum (ARB), Starknet (STRK), Sei (SEI), ApeCoin (APE), Ethena (ENA), and Echelon Prime (PRIME). According to Tokenomist on X, 134.21% of ONDO’s circulating supply (1.94 billion tokens) will be released on January 18th, just two days before Trump’s inauguration—an event that many view as a potential turning point for crypto in the United States. Read also: Crypto Market Dip Creates…

U.S. Senator Bill Hagerty, known for his pro-crypto stance, plans to introduce a new bill in Congress to establish stablecoin regulations. Hagerty, who previously supported Bitcoin-friendly policies, is also preparing for re-election. In 2024, Hagerty introduced legislation to clarify stablecoin regulations, tackling concerns over consumer protection and financial stability. Now, with re-election ahead, he has refined and reintroduced the bill, calling it the GENIUS Act—the Bill for the U.S. Stablecoins. He co-sponsored it alongside Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis. Related: Stablecoin Regulation Draft: House Leaders Chart US Digital Future “The tide has turned in favor of digital…

HeLa Space, a pioneer in blockchain technology, has recently collaborated with AtlasPad, an advanced multi-chain launchpad. The partnership targets to boost the blockchain innovation. As a part of this collaboration, both entities focus on improving interoperability, privacy, and security. We’re excited to announce our newest collaboration with @Atlaspad!Atlaspad is a next-gen Multi-Chain Launchpad designed with a focus on security, privacy, and interoperability, leveraging cutting-edge AI and RWA technology. Together, we’re paving the way for innovation,… pic.twitter.com/71uPrwTkm4 — HeLa Space 🍀 (@HeLa_Labs) February 11, 2025 In this respect, they utilize the latest real-world assets and AI technologies. With the integration of…

Bitcoin (BTC) is showing true leadership in the digital currency ecosystem amid its soaring price. Current market data pegs the price of BTC at $99,399.18, up by 1.6% in the past 24 hours. For Bitcoin, growth since the start of the year remains linearly bullish, with a lot volatility to match. Bitcoin price beating history Data from Cryptorank showcases what this month holds for the price of Bitcoin. Historically, January remains a mildly bullish month for the coin. Bitcoin’s price had an average growth rate of 9.55% in January. Just six days into the month, Bitcoin has already jumped by…

Solv is expanding its existing integration with Chainlink Proof of Reserve to offer on-chain transparency across its entire TVL protocol, not just SolvBTC. With this integration, users will have greater visibility into Solv’s entire TVL. Integrating Chainlink’s reserve data into Solv’s on-chain allows the Solv network to develop automated logic around reserve data to back its assets. This also allows Solv to develop new applications and capabilities, such as automated on-chain risk management. Additionally, with this integration, Chainlink’s Proof of Reserve plays a major role in Solv protocol minting. On-chain minting refers to the process of creating new SolvBTC coins…

Ripple CTO David Schwartz recently opened up on X about a decision that continues to haunt him. It all started when Schwartz mentioned in an X post that his biggest regrets were when he decided to lower himself to someone else’s level. An X user commented, stating, “My biggest regret was not buying more at 50 cents,” referring to XRP, which has risen about 300% since its low of $0.50 in November. At the time of writing, XRP was trading at $2.43, having reached a seven-year high of $3.38 in January. For me, selling 40,000 ETH at $1.05 is pretty…

The Sui Foundation has published a list of twelve projects that completed its first Hydropower Accelerator program. According to a Jan. 9 announcement, the Sui Network has successfully concluded its first Hydropower Accelerator program, with the twelve graduating teams now positioned to continue building their solutions and leverage the Sui ecosystem for further development, including early access to new technologies. Out of hundreds of applications, twelve teams were selected to join the inaugural cohort, with the selected projects targeting a diverse array of sectors “from DeFi to DePIN to real world assets,” the Sui Foundation stated. These projects included 7k,…

Alexander Vinnik, the jailed former operator of once mighty bitcoin exchange BTC-e, is being released from U.S. custody as part of a prisoner exchange with Russia. Vinnik, 44, is being swapped with jailed American teacher Marc Fogel, who returned to the U.S. last night after negotiators struck a surprise breakthrough with the Kremlin. It had not immediately been clear who was on the other side of the deal. But BTC-e was one of the early exchanges that popularized the buying and selling of the world’s most popular digital asset. It had over 1 million customers and moved over $9 billion…

WazirX is issuing new Recovery Tokens (RT) to distribute stolen and recovered assets to its users, according to statements from the company’s founder, Nischal Shetty, who also said that these tokens could soon hit the trading floor if there’s enough interest from users, offering a chance for liquidity and additional market exposure. The token distribution of course comes after WazirX completed its rebalancing process for Net Liquid Platform Assets (NLPA), which realigns platform assets with its liabilities. WazirX’s recovery plan includes three main strategies: profit-sharing, stolen asset recovery, and the launch of a decentralized exchange (DEX). “We will do everything…