Author: NBTC

Mode surpassed $344 million in total value locked (TVL) and shows the largest growth among Ethereum layer-2 blockchains over the past 7 and 30 days, according to data aggregator DefiLlama. This huge leap in TVL could be related to users rushing to farm Mode’s native token airdropped, rumored to have a snapshot at the beginning of May. For the past seven days, Mode leaped 40.4% in TVL, with an even more significant growth of 138% in the last month. Liquid restaking protocol Renzo leads in TVL dominance, nearing $140 million in funds locked and boasting an 85% rise during the…

A widely followed economist thinks Bitcoin (BTC) is now in the midst of an extended bull market where traders and investors quickly absorb any sell pressure. Alex Krüger tells his 166,100 followers on the social media platform X that Bitcoin is now in a supercycle and that demand for BTC will overwhelm market supply en route to a six-figure price tag. Although the economist says crypto is starting to give off bearish signals, he notes that inflows from spot market exchange-traded funds (ETFs) can invalidate those readings and push Bitcoin to greater heights. “Bitcoin is in a supercycle (shorter shallower…

Two executives of the bitcoin mining rig maker Canaan intend to jointly purchase at least $2 million worth of company shares, claiming the company is “deeply undervalued,” despite revenue decline. According to its annual report released last week, Canaan’s total revenues shrank by 67.5% to $211.5 million in 2023 from $651.5 million in 2022. Canaan Inc. Executives Express Confidence Through Personal Investment Canaan, a prominent provider of high-performance computing solutions, has disclosed that its Chairman and CEO, Nangeng Zhang, along with Chief Financial Officer, James Jin Cheng, have expressed their intent to utilize personal funds for a joint purchase of…

The price of Solana had briefly crossed $200 before tumbling back down in the last week. This move has triggered a wave of movement across the market, and whales are now showing their hands. Over the last day, there have been a number of notable whale transactions and their destinations could give an inkling as to how these large crypto investors are looking at the market right now. Solana Whales Move Hundreds Of Millions Worth Of SOL The whale movements began on Monday when the market had first begun to slow down, with the Solana price falling below $190. The…

In a significant move towards the convergence of traditional financial markets and decentralized finance, MANTRA has announced the launch of the Hongbai Incentivized Testnet. This development is a critical component in the MANTRA Chain ecosystem, serving as a preparatory platform for the upcoming mainnet. The Hongbai Testnet is designed as a sandbox where developers and users can refine and test their applications, ensuring robustness and functionality before the official launch. This strategic initiative not only underscores MANTRA’s commitment to innovation but also sets the stage for a transformative impact on how real-world assets (RWAs) are handled within the blockchain space.…

Recently, the value of Bitcoin has continued to reach new All Time Highs, reaching $70,000 to be exact. The price of Bitcoin is currently experiencing a significant surge, amplified by the innovative “ETF effect” and the positive market sentiment ahead of the upcoming halving. Let’s see below all the details. Effects and causes of the new All Time High of Bitcoin Bullish perspectives for Bitcoin: strong acquisitions and on-chain clues The success of Bitcoin ETFs among the causes of the rally Effects and causes of the new All Time High of Bitcoin As anticipated, the value of Bitcoin experienced a…

German security technology group Giesecke+Devrient (G+D) is partnering with the Central Bank of Mauritania to explore the design and development of a central bank digital currency (CBDC) dubbed ‘digital Ouguiya.’ The partners signed a deal during the World Bank Group’s Spring Meetings held this month in Washington. Wolfram Seidemann, CEO of G+D Currency Technology, and Mohamed Lemine Ould Dhehby, governor of the Banque Centrale de Mauritanie inked a deal to work together in investigating the creation of a CBDC. The collaboration focuses mainly on the potential advantages of a digital Mauritanian Ouguiya for the nation’s economy and society. The governor…

The cross-chain protocol Wormhole is gearing up to unveil its governance token, W, with an airdrop slated for April 3. This initiative marks a significant milestone, distributing a staggering 617.3 million W tokens to over 400,000 wallets. It aims to reward early adopters and contributors across Solana, Ethereum, and various other chains. Wormhole’s 617.3 Million Token Airdrop Dubbed “Wormhole Wednesday,” the launch is set for 11:30 UTC on April 3. This token airdrop aims to bolster the Wormhole ecosystem, further enhancing its commitment to facilitating seamless inter-chain transactions. “The launch of W is structured to significantly decentralize protocol stakeholders right…

Oasis Protocol, an open-source decentralized blockchain, has recently made a landmark development. The company has disclosed that Synternet, a prominent blockchain that drives interoperable infrastructure across top chains, is welcoming Oasis as a data publisher. The platform took to its account on X to reveal the latest achievement. We are excited to share that @synternet_com now includes Oasis as a data publisher, offering Sapphire & Emerald data streams via the Data Layer Portal!This enables developers to rapidly integrate real-time, confidential data into apps across finance, healthcare, and more 👏: https://t.co/tAk8HaWIcw — Oasis (@OasisProtocol) April 26, 2024 Synternet Includes Oasis Protocol…

Bitcoin has shattered previous records by reaching a new all-time high of $71,092 on the Bitstamp exchange. This milestone comes as the cryptocurrency market continues to gain mainstream acceptance and attract significant investment from both retail and institutional investors following the approval of a slew of spot Bitcoin ETFs. Before reaching its new peak, Bitcoin recorded its highest weekly candle close ever at $69,062 on Bitstamp. In the meantime, the price of Ethereum, the second-largest cryptocurrency recently surged above the $4,000 level. More than $300 million worth of liquidations The recent price volatility has also led to significant market liquidations,…