Author: NBTC
The Ronin Network team has provided an update revealing that blockchain platform company Sky Mavis will be reducing the total amount of rewards offered to liquidity providers (LPs) on its decentralized exchange platform Katana. In an update to the Katana Liquidity Mining program in the first quarter of 2024, the Ronin team stated that the adjustment to liquidity rewards available to the community usheres in a “new era” for RON. The announcement cited the recent listing of the Ronin (RON) token on the Binance exchange as a factor that has increased the visibility and accessibility of the native Ronin token…
Eric Balchunas sheds light on January’s ETF growth, with BTC’s dominance clear even representing just 14% of new launches. The nine spot Bitcoin exchange-traded funds (ETFs) launched in the US in January were responsible for 83% of all assets under management (AUM) allocated in the 65 ETFs released in the same month. This means that 14% of the exchange-traded funds negotiated last month were responsible for the majority of capital netflow. Bloomberg ETF analyst Eric Balchunas pointed out on X (formerly Twitter) that this was the biggest January of all time in terms of ETF launches, which makes the feat…
Bybit, recognized as the third-largest crypto exchange globally by volume, has marked a significant milestone. The launch of Bybit Web3 Swap represents a leap forward in meeting the growing demand for token swapping in the decentralized finance (DeFi) space. This upgrade aligns with Bybit’s commitment to fostering a bridge between traditional finance and the dynamic realm of DeFi. Ben Zhou, co-founder and CEO of Bybit, emphasizes this commitment, stating, “Our mission at Bybit has always been to bridge the gap between traditional finance and the power of DeFi. With Bybit Web3 Swap, we’re crafting a simpler, more user-friendly experience that…
NBA champion and eight-time NBA All-Star Dwight Howard has known many successes in his storied 20-year career. This weekend, however, the basketball icon had a taste of bitter failure—on the mean streets of crypto. Late last week, with little preceding fanfare, Howard—who last played in the NBA in 2022—abruptly announced that he was launching a collection of 3,000 NFTs on the Avalanche network. “This is Dwight Howard from [the] NBA,” the veteran athlete wrote. “See you this weekend on-chain.” Days later, the 3,000-piece profile picture (PFP) collection, “Ballers by Dwight Howard,” debuted to miserable results. The NFTs, which each cost…
Ethereum’s recent price action has seen it find support around the critical 100-day moving average, signaling a shift in market sentiment from bearish to bullish. ETH has embarked on a bullish retracement and has now reached a pivotal resistance region, setting the stage for its next move. By Shayan The Daily Chart A comprehensive examination of Ethereum’s daily chart unveils a shift in market sentiment, with the significant 100-day moving average at $2225 providing robust support. Concurrently, Ethereum experienced a rebound, propelling the price toward a critical resistance region, which encompasses the lower boundary of the expanding wedge pattern and…
Startup enfineo is building an alternative to your usual cryptocurrency wallets with a focus on traditional banking and finance. enfineo guarantees that the platform seamlessly integrates conventional banking with the dynamic world of cryptocurrencies, allowing users to manage their savings accounts, cryptocurrencies such as Bitcoin, Ethereum and other membership cards in one place without extra efforts and cost. Fully compliant with MiCa regulations, the startup recently raised over $3 million in funding rounds led by a series of crowdfunding and retail investors. The company aims to remove the complexity from payments all-together, may it be fiat or crypto, as it…
Livepeer, a decentralized live video streaming network protocol, and blockchain-powered AI platform SingularityNET on Friday massive rally with huge trading volumes, sparking buzz in the crypto community. What are the reasons behind the sudden upswing? Livepeer and SingularityNET After OpenAI Sora News OpenAI announced its text-to-video artificial intelligence model Sora. It can generate videos that are realistic and imaginative. Sam Altman asked followers to suggest messages and used Sora to turn their X posts into one-minute videos. “This helps show the world how powerful generative video can be, and progress on open models is moving faster than ever. But generating…
The price of Bitcoin surged this week, touching highs not seen since the 2021 bull run. But will it last? News has dropped that a U.S. bankruptcy judge granted bankrupt crypto lender Genesis permission to sell $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares. The idea is to pay back creditors waiting on their cash since the lender went bust. Just last month, the pressure from Grayscale flogging huge amounts of crypto to its custodian, Coinbase, led to a plunge in the price of BTC. So it’s only natural to wonder if, when Genesis finally does sell, the same thing…
Mantle EcoFund has successfully deployed $10 million in investments across six prominent DeFi projects within the Mantle Ecosystem, namely Merchant Moe, INIT Capital, Butter, Renzo, MUFEX, and TsunamiX. The fund operates with a substantial capital pool of $200 million under the management of Mirana Ventures.—This significant achievement follows the completion of the initial capital call, and Mirana Ventures is gearing up for a second capital call of $30 million as outlined in MIP-24. The infusion of fresh funds into these DeFi projects solidifies Mantle EcoFund’s commitment to nurturing innovation and growth within the Mantle Ecosystem.The six DeFi projects, each bringing…
Pudgy Milady, an NFT collection that uses generative AI to mimic the styles of Pudgy Penguins and Milady Maker, was originally supposed to be only 7,777 items, but the collection has started issuing new NFTs to 0x7a97A8A3959a50f834B56ab3CA0aB9BA60433028, which is then selling the newly minted tokens. This address also holds other NFTs from a variety of low floor price NFTs, many of which take the strategy of mimicking more successful collections, including FatBored which mimics the art style of Bored Apes and Penguin Punks which mimic the art style of CryptoPunks (but with penguins). The Pudgy Milady collection does not seem…