Author: NBTC

Lido Finance, which was once a well-known entity for DeFi-based liquid staking, has witnessed noteworthy developments in chief metrics. As per Lido Finance, the platform has experienced a significant upsurge in the total value locked with a 10.95% increase, bringing the total assets to $26.73B. The platform revealed this development on social media. 📊 Lido Analytics: October 14 – October 21, 2024– USD TVL up 10.95% to $26.73b.– 4,992 net ETH unstaked.– 7d stETH APR at 2.99%.– wstETH on L2 down -5.62% to 196,361 wstETH.– 7d (w)stETH trading volume at $879.64m.👇 pic.twitter.com/HPx98PXWof — Lido (@LidoFinance) October 21, 2024 Total Value…

The Congressional Budget Office (CBO) released a draft of the U.S. budget projections through 2034, challenging concerns raised by BlackRock’s CEO Larry Fink. Despite Fink’s comments that rising government debt is a notable issue, the CBO data suggests that the debt levels may not be problematic until after 2034. The report outlines various economic metrics, including GDP growth, debt ratios, and budget deficits, providing a clearer picture of the nation’s financial future. U.S. Debt Projections and Economic Outlook The CBO’s draft report highlights that U.S. government debt will continue to grow substantially over the next decade. However, it also indicates…

Last week Montenegro’s Minister of Justice said he had decided where Do Kwon would be extradited for his role in the Terra/Luna collapse. However, before his verdict was revealed, a surprise appeal from Kwon threw yet another spanner in the works. Kwon filed the appeal on September 25 against a Supreme Court ruling that took place six days earlier and ruled that the Minister of Justice, Bojan Božović, would decide where to extradite Kwon. His appeal requested the suspension of his extradition proceedings, the Supreme Court’s verdict, and the decision-making of Božović. On October 18, in response to the request,…

The exclusive data shows a drop in the Consumer Price Index in the US for August. As per the on-chain analytics firm Lookonchain, the decreased CPI has displayed a year-on-year jump of up to 2.5%, marking the 5th consecutive month in the case of inflation decline as a substantial trend for the crypto market. The U.S. CPI(YoY) in August was 2.5%, falling for 5 consecutive months.Here is a graph showing the relationship between the $BTC price and the U.S. CPI(YoY). pic.twitter.com/e24Ch0qyto — Lookonchain (@lookonchain) September 11, 2024 US CPI Indicates a Dip in Inflation, Signifying an Increased Market Stability The…

Ripple CTO David Schwartz, has recently reacted to a recent argument made by Self Proclaimed Satoshi Craig Wright in an X post. Craig Wright has been embroiled in legal controversies for years, particularly after publicly declaring himself as Satoshi Nakamoto in 2016. Wright has also been involved in lawsuits regarding the intellectual property rights to the Bitcoin whitepaper and Bitcoin code. In a recent twist, Wright who was discredited in the UK High Court’s ruling against his claim to be Satoshi Nakamoto, filed another legal action, targeting the Bitcoin Core developers seeking a staggering £911,050,000,000. Wright contends that the Bitcoin…

A recent report by The Defiant reveals that Coinbase holds a substantial 11% of the total Bitcoin supply, amounting to approximately 2.275 million BTC worth around $129 billion. As the fourth-largest cryptocurrency exchange globally, Coinbase commands significant trading volume—$1.5 billion in 24-hour transactions and 34 million monthly users—and acts as a custodian for major corporations, including BlackRock, Tesla, and MicroStrategy. However, this substantial concentration of Bitcoin within a single entity has raised important questions about the potential risks associated with such centralization. The Fallout Of A Potential Coinbase Disaster Per the report, critics argue that a significant concentration of assets…

Neo has partnered with GoPlus, a Web3 security platform designed to protect users against various risks associated with blockchain usage. Neo X is the first network to integrate the GoPlus User Security Module at the node level, aimed to protect users with automatic transaction screening. GoPlus is the team behind SecWareX, an on-chain service that can scan wallets and transactions to identify threats such as malicious airdrops and phishing scams. The utility integrates with common Ethereum tooling, such as MetaMask and Etherscan, and works across various EVM-compatible networks. For most supported networks, including Ethereum, BNB Chain, and Optimism, GoPlus provides…

Zhimin Qian, also known as Yadi Zhang, has pleaded not guilty to laundering Bitcoin in a London court. According to Bloomberg, Qian, a Chinese national, was arrested in April and charged with two counts of money laundering. The UK’s Criminal Prosecution Service alleges that before April 23, Qian possessed and transferred illegal cryptocurrency as part of a larger operation. You might also like: Tether-backed Northern Data explores sale of crypto mining arm to boost AI growth Zhimin Qian and Jian Wen Authorities claim Qian enlisted Jian Wen, who has been sentenced to over six years in prison for her involvement…

According to market signals that have historically preceded major price rallies, Bitcoin is gearing up for its next potential bull run. A CryptoQuant analyst named ‘Tarek’ has recently highlighted key indicators in a post on the CryptoQuant QuickTake platform, suggesting that Bitcoin’s price might soon experience a significant upward movement. These indicators include declining Bitcoin reserves on exchanges and increasing stablecoin reserves, which create an optimistic market outlook. Key Indicators Signal Growing Buying Power According to the report shared by Tarek, over the past several months, Bitcoin’s exchange reserves have been on a downward trend, a phenomenon that often signals…

Shiba Inu could record a meteoric price increase if it replicates the historic 7,692,207% surge observed between 2020 and 2021. Many investors consider Shiba Inu to be one of the most successful crypto projects in the market. This assertion is triggered by Shiba Inu’s impressive performance in its early days. Shiba Inu Rich History For context, Shiba Inu officially launched on August 1, 2020. The token struggled in its early days, with its price plummeting heavily in subsequent months. As a result, many dismissed SHIB as just another failed memecoin experiment. Not relenting, the Shiba Inu ecosystem team adopted an…