Author: NBTC
Lido is introducing Lido Institutional, a B2B-focused white glove service targeted at large customers like crypto funds and asset managers with ETH. Today, institutions can theoretically stake ETH on Lido by themselves. What Lido’s new initiative aims to address are the anti-money laundering and know-your-customer concerns of institutional clients, allowing them to stake and mint new stETH with no transaction history, thereby avoiding the commingling of institutionally-owned stETH with stETH by Lido’s retail users. Lido is the largest liquid staking platform, controlling 28.75% of all staked ETH on Ethereum, according to Dune data. That’s down from its staking share peak,…
The Shiba Inu partnership with K9 Finance and Unification seeks to enhance the Shibarium DeFi ecosystem with attractive offerings. The Shiba Inu ecosystem is about to undergo a significant transformation through the partnerships with K9 Finance and Unification. Together, they seek to enhance decentralized finance (DeFi) within Shibarium, the blockchain layer of the ecosystem. Shiba Inu Partnership with K9 and Unification Shiba Inu’s long-term partnership with Unification has been pivotal to the development of Shibarium. The platform has provided key infrastructure for the development of the layer-2 solution as well as its launch in August 2023. Meanwhile, the Shiba Inu…
In the ever-evolving blockchain world, regular active addresses and transaction volume are the chief indicators concerning performance and adoption. TOP 7 ICO, a well-known crypto analytics platform, has shared a comparative analysis of the prominent blockchains over the past seven days in terms of the number of transactions reported by Artemis. The platform discussed this on its official social media account. Top Blockchains by Number of Transactions in last 7 daysLet’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to @artemis__xyz, in order to evaluate their current adoption…
A closely followed trader believes that a key support level for Bitcoin will collapse before BTC witnesses another move to the upside. Pseudonymous analyst the Flow Horse tells his 219,400 followers on the social media platform X that Bitcoin is flashing multiple signals suggesting that support at $60,000 will crumble before the crypto king sees a trend reversal. “My honest opinion to expand on my point earlier in the week about being close to a bottom probably in time (next couple of months) but not in price… I am fairly confident Bitcoin will trade below $60,000 again. I know we…
API3’s Oracle Stack is now available on Zircuit to advance the capabilities of the decentralized applications. API3’s Oracle Stake shares this strategic launch on Zircuit through its official X account. Through this launch, API3’s Oracle Stack will enable the developers to use a powerful toolset to develop advanced decentralized applications (dApps). API3’s Oracle Stack is now available on @ZircuitL2!Builders can now leverage:▲ +160 decentralized data feeds (dAPIs) on the API3 Market▲ OEV Network to recapture protocol MEVStart building out the DeFi ecosystem on Zircuit today! 🛠️ pic.twitter.com/gypAGy356V — API3 (@API3DAO) August 9, 2024 APi3’s Oracle Stack is a decentralized platform…
A contentious discussion regarding Ethereum’s usefulness and performance began on X. Ethereum was publicly criticized by a user who called it slow, inefficient, costly and useless for anything other than memes and specific cryptocurrencies. Co-founder of Ethereum Vitalik Buterin was the target of the criticism. In response, Vitalik Buterin strongly defended Ethereum, countering the claims with specific facts. Layer 1 (L1) and Layer 2 (L2) solutions both confirm transactions in a matter of seconds, L2 transactions are less expensive than $0.01, each allaying worries about outrageous transaction costs. Buterin highlighted the achievements of some of the most successful projects in…
Shiba Inu’s lead developer, Shytoshi Kusama, reveals the project’s ambitious goal of becoming the first trillion-dollar decentralized economy. The Shiba Inu leader made this known in his first-ever interview with Arabian Business. Kusama, who was accompanied by top developer Kaal Dhairya, shed light on Shiba Inu’s goal and explained why they have both chosen to remain anonymous. Thanks to @ArabianBusiness for this exclusive peek into @kaaldhairya and I. Share far and wide #SHIBARMY as we move into finishing this decentralized experiment. https://t.co/KZqTrGJWRH — Shytoshi Kusama™ (@ShytoshiKusama) July 12, 2024 Shiba Inu to Become First Trillion-Dollar Decentralized Entity During the interview,…
In a recent video, Toby Cunningham, co-host of the Crypto Tips YouTube channel, discusses why Bitcoin has been hovering around the mid $65,000 range. Cunningham explains that this “crabbing” phase, where Bitcoin’s price remains stagnant, has led many to speculate about the reasons behind it. According to Toby Cunningham, understanding the underlying factors can provide clarity and help in making informed decisions. Cunningham points out that Bitcoin has been within this range for approximately 62 days. Toby Cunningham notes that historical data suggests this period of stagnation might extend further before a significant movement occurs. While some attribute the current…
Utila integrates Injective, aligning with a leading DeFi ecosystem for seamless asset transfers and strategic growth. Utila expands to asset tokenization on Injective, enhancing institutional clients’ ability to manage Real-World Assets efficiently. In a tweet, Injective announced that the top institutional MPC wallet, Utila, has natively integrated Injective into its system, having successfully processed over $3 billion in asset transfers to date. This integration with Injective is more than just a technical improvement; it is also a strategic partnership with one of the most advanced decentralized finance (DeFi) ecosystems. Leading institutional MPC wallet, Utila, has natively integrated Injective after having…
The crypto community is looking for someone to blame for Ethereum’s recent underperformance, and they appear to have found their scapegoat. On August 1, someone posted a photo of Vitalik Buterin and an attractive woman wearing matching plush hats, naming her his ‘girlfriend.’ She would, the poster claimed, allow the brilliant co-founder to focus on Ethereum development and spark a rally to $10,000 per coin. Unfortunately, this hasn’t turned out to be the case. Indeed, over the past week, Solana has outperformed ether by 9%, and over the past year, ether is up just 29% compared to Solana’s 400%. Ether…