Author: NBTC
THORChain’s user base surged by 41% in 2024, reaching over 510,000 unique users. THORChain’s total trading volume surpassed $71 billion, with a record-breaking $3 billion in weeks this year. In a tweet, on-chain analyst Hess shared the latest developments on THORChain. The network, which currently has 510,000 unique users and has conducted 19.7 million transactions, has seen its total trading volume exceed an astonishing $70 billion. This astonishing milestone demonstrates THORChain’s expanding significance and popularity in the decentralized finance (DeFi) industry. With 510,000 unique users and 19.7 million transactions, @THORChain’s total trading volume has exceeded 70,000,000,000 USD! Let’s Dive in👇…
Popular crypto price tracker Coinpedia Markets speculates that Shiba Inu (SHIB) could witness an astronomical rally after the U.S. SEC approves Ethereum (ETH) spot exchange-traded funds (ETFs). The analytics platform issued the forecast in an X post yesterday, speculating that SHIB’s price could surge between 10x and 100x following the approval of Ethereum spot ETFs. Top 10 #Altcoins Poised For 10-100X After The Spot #EthereumETF Approval 🚀 1. Pepe ( $PEPE)2. Ethereum Name Service ( $ENS)3. Bonk ( $BONK)4. Toncoin ( $TON)5. Render ( $RNDR)6. ShibaInu ( $SHIB)7. Ondo ( $ONDO)8. Turbo ( $TURBO)9. BabyDogeCoin ( #BABYDOGE)10. Byte (… pic.twitter.com/ax1zWvJ54F…
Elon Musk’s social media platform, X, initiates an antitrust lawsuit targeting major brands such as CVS Health and Unilever. CEO Linda Yaccarino argues that these brands have engaged in unlawful coordination to damage X’s business interests. GARM, a key defendant in the lawsuit, halts operations due to the financial strain caused by the legal action. The latest twist in Elon Musk’s battle against major advertisers could reshape the landscape of digital marketing. Stay informed with in-depth analysis and credible insights. Elon Musk’s X Battles Major Brands in Antitrust Lawsuit The ongoing conflict between Elon Musk’s social media platform, X, and…
Wallet that received $2 billion from Mt. Gox initiated a test transaction on Tuesday. Arkham analysts said the wallet likely belongs to crypto custody platform BitGo. Users on Reddit are making unverified claims about receiving BTC and BCH balances on BitGo. A crypto wallet that recently received $2 billion of bitcoin (BTC) from defunct exchange Mt. Gox’s trustee initiated a test transaction on Tuesday, perhaps to prepare distributing funds to creditors, blockchain analytics firm Arkham Intelligence noted. Arkham analysts said the wallet that initiated the transfer likely belongs to crypto custody platform BitGo, one of the five exchanges that distribute…
The plunge in Bitcoin’s price, combined with a substantial increase in mining difficulty, has Bitcoin miners sweating as they fight to keep their heads above water—with the network’s guardians shifting huge amounts of coins. Figures from blockchain data firm CryptoQuant shows that earlier this month, BTC outflows from miners peaked at 19,000 Bitcoins per day—the highest amount since March. One reason for the rush in sales is that it is harder to mint coins profitably following April’s halving event. And with mining difficulty also up, mining operations need to work even harder. But with Bitcoin’s price dropping below $50,000—as it…
Optimism, which has been successful in building out an ecosystem of affiliated blockchain networks, is now looking to more tightly connect them all. “The Superchain needs to feel like one chain,” the Optimism team wrote in a blog post shared with CoinDesk. Optimism, a layer-2 blockchain ecosystem atop Ethereum that has been successful in attracting new projects to use its technology – notably including Coinbase’s Base – is now looking to more intimately connect the affiliated networks. The ecosystem, built with the aim of allowing users to transact for cheaper on top of Ethereum, laid out its roadmap on Monday…
Long-term bitcoin holders and miners have been significant sellers of the cryptocurrency in the past two weeks with little indication of renewed buying interest. This trend has been observed through a decrease in UTXO age bands, indicating increased selling activity. Some opine miners are shifting their focus to the booming AI sector due to the diminishing mining rewards post-halving, which may have increased selling activity. Long-term bitcoin holders and miners were among the biggest sellers of the asset in the past two weeks and show few signs of renewed demand, on-chain analysis firm CryptoQuant said in a Wednesday report shared…
On Monday, MakerDAO officially launched the Spark Tokenization Grand Prix, an ambitious competition to onboard up to $1 billion of tokenized assets, particularly focusing on short-duration US Treasury Bills. The competition is an initiative by SparkDAO, a subDAO of MakerDAO. It is designed to assess participants’ ability to supply liquidity, align with MakerDAO’s vision, and introduce novel solutions within the decentralized finance (DeFi) ecosystem. The submission deadline is September 20, 2024, giving participants just over a month to finalize their proposals. OpenEden’s Compliance-Driven Approach to MakerDAO’s Tough Criteria In a governance post, Steakhouse Financial, a treasury management firm and a…
Unstoppable Domains has supported the crypto and NFT project of Farmsent and has launched the new TLD “.farm”. Now, 20 million farmers around the world will have their secure digital identity. Unstoppable Domains and Farmsent NFT: the new TLD .farm for farmers Unstoppable Domains and the crypto and NFT project by Farmsent to empower farmers The drop of 200 Web3 Premium domains with Crypto.com NFT Unstoppable Domains and Farmsent NFT: the new TLD .farm for farmers Unstoppable Domains, the largest provider of on-chain domains, has announced its partnership with Farmsent, the crypto and NFT project dedicated to farmers. At stake,…
Whale Alert reports a 9 trillion PEPE transfer worth $82 million from an unknown wallet to Bybit amid a 9.7% price increase posted by PEPE this week. On July 10, 2024, Whale Alert reported a major transfer involving the meme coin Pepe (PEPE). At 04:06:35 UTC, a transfer of 9 trillion PEPE tokens valued at approximately $82,170,000 occurred from an unknown wallet to the crypto exchange Bybit. 🚨 🚨 🚨 🚨 9,000,000,000,000 #PEPE (82,170,000 USD) transferred from unknown wallet to #Bybithttps://t.co/vpbrzjmnX6 — Whale Alert (@whale_alert) July 10, 2024 This whale activity comes when PEPE is trading at $0.000009287 today, with…