Author: NBTC

In a surprising twist that’s causing a buzz in the decentralized finance (DeFi) world, Jupiter, a big player in the DeFi scene, has decided to shake things up. They’re taking a bold step by pulling all their tokens, JUP, out of circulation. The gutsy move isn’t just a casual adjustment; it’s a clear signal that Jupiter is all in on making their ecosystem more stable and secure. It’s like they’ve thrown a curveball into the usual playbook of how DeFi projects handle their tokens, challenging the norm and sparking conversations about how things can be done differently. The move by…

Doodles, the digital asset firm renowned for its vibrant and sought-after NFT collection, has joined forces with G-Shock, the luxury watch brand known for its durable and innovative designs. This partnership aims to launch an NFT-inspired watch collection that is not only a nod to the digital future but also a testament to the enduring appeal of high-quality craftsmanship. What is Doodles? Before diving into the specifics of this groundbreaking collaboration, it’s essential to understand what Doodles is. Launched in October 2021, Doodles is a collection of 10,000 generative NFTs, each featuring unique, hand-drawn characters ranging from humans, cats, and…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has witnessed a significant price increase, soaring to $2,800 for the first time since May 2022. This remarkable surge has caught the attention of both investors and analysts, indicating a renewed optimism in the cryptocurrency market. And there goes Ethereum $ETH soaring to 2,800 for the first time since May 2022 🥳 pic.twitter.com/daBYXf0L1F — Barchart (@Barchart) February 15, 2024 The rise of Ethereum is part of a broader rally in the digital currency space, with several factors contributing to its current performance. This uptick in Ethereum’s value not only reflects the growing…

Ever since the approval of the spot Bitcoin ETFs in the market, the Grayscale Bitcoin Trust(GBTC) has witnessed systematic outflows amid capital rotation to other Bitcoin ETFs by BlackRock and Fidelity that offer a lower fee advantage. Grayscale Opens Private Placement Subscriptions for Altcoin Trusts According to insights provided by crypto analyst Colin Wu, Grayscale has initiated private placement subscriptions for select cryptocurrency trusts, accessible to accredited investors. These trusts include Grayscale Bitcoin Cash Trust, Grayscale Chainlink Trust, Grayscale Litecoin Trust, Grayscale Solana Trust, and Grayscale Stellar Lumens Trust. Investors will have the opportunity to subscribe based on the net…

In a recent AMA session, Charles Hoskinson, the founder of Cardano, vocally criticized the XRP community for what he describes as a “relentless overwhelming campaign” based on misconceptions and falsehoods. “There’s no desire for peace there,” Hoskinson stated. “They don’t want peace because they don’t want to acknowledge for perhaps a moment that we are talking past each other,” he added. The long-standing conspiracy in question alleges that Ethereum backers may have unduly influenced the SEC’s decision to pursue legal action against XRP. No evidence Throughout his AMA, Hoskinson made repeated appeals for a shift toward rational discourse and evidence-based…

There has been a notable surge in block trades within the cryptocurrency market recently. These large-scale transactions have caught the attention of investors and analysts alike, signaling significant activity in the digital asset space. Notably, there have been several noteworthy options block trades involving Bitcoin, indicating substantial bets being placed on the future direction of the leading cryptocurrency. In the cryptocurrency space, block trades are particularly significant due to the decentralized nature of the market and the potential for large orders to influence market dynamics. These trades often reflect the strategies and sentiments of institutional investors and whales, providing valuable…

Pendle has almost reached $1 billion in total value locked, with most of that value locked in within the last six months. This surge in interest comes as the market looks for more opportunities for liquid restaking tokens. Pendle recently added support for the BNB chain and real-world assets (RWA) Pendle, a decentralized finance (DeFi) platform that offers yields in the form of tradable digital tokens, has reached $990 million in total value locked (TVL), according to DeFiLlama data. Pendle operates as a price discovery tool by separating DeFi investments into principal tokens (PTs) and yield tokens (YTs), allowing for…

DFZ Labs—the creative studio behind the Deadfellaz NFT collection on Ethereum and the upcoming RIP TCG digital card game—is entering the Bitcoin Ordinals ecosystem with a collaborative gaming project that it incubated and will help support. Bits is a collection of 10,000 Bitcoin Ordinals inscriptions resembling the greenish pixel look of Nintendo’s original Game Boy. Ownership of each unique character profile picture (PFP) will provide access to what DFZ Labs calls a “supercharged game development incubator.” The launch will take place on Magic Eden’s Bitcoin marketplace on February 13. Infrastructure startup OrdinalsBot will assist DFZ Labs with the inscription process…

Jeffrey Wilcke, the cofounder of Ethereum, has made substantial transfers of Ether. With a recent deposit of 10,000 ETH, valued at approximately $27.58 million, to the Kraken exchange, these moves signal Wilcke’s ongoing financial strategies, which are evidently taking a new direction. Previously, on Feb. 10, Wilcke deposited 4,300 ETH, equivalent to $10.7 million, into Kraken. The latest transaction increases his total known deposits to the exchange to a staggering $38.28 million worth of Ether. This liquidation could be indicative of Wilcke’s desire to diversify his investment portfolio or fund new ventures. The pattern of these large transfers points to…

Filecoin (FIL) price went parabolic on Monday as crypto investors embraced a Fear of Missing Out (FOMO) attitude. The token jumped above the important resistance level at $7. It now sits at its highest point since January 2nd of this year. Filecoin’s surge has triggered a major liquidation of short-sellers in the ecosystem. Data by Coinglass shows that shorts liquidations rose to over $3.2 million in the past 24 hours, the highest figure since December 31st. Bulls liquidations remained at just $778k in the same period. Liquidations happen when brokers are forced to close positions in the market. In this…