Author: NBTC
A prominent investor (whale) has accumulated 96,800 AAVE, resulting in a substantial unrealized profit of $15.31M. Recent activity includes borrowing 3M GHO to purchase 9,702 AAVE, demonstrating continued confidence in the asset. The average purchase price of $183.4 per AAVE underlines strategic buying amid price dips. Despite the constantly changing dynamics of investment in cryptocurrencies, actions by big-volume holders, or ‘whales’ as they are usually referred to, hold some bearings. In the past few days, one of the most famous whales has been increasing its holdings of AAVE, an emerging decentralized finance token, despite the fact that its prices have…
Ronin, the Layer 1 blockchain developed by Sky Mavis, experienced a significant 149% year-over-year increase in DeFi TVL, reaching $147 million in Q3 2024. There are several factors influencing this growth. One of the major catalysts was, however, the price surge of the RON token. Ronin’s DeFi, NFT Demand Grows According to Messari’s latest report, Ronin’s DeFi TVL rose from $59 million in Q3 2023 to $147 million in Q3 2024. The figure was boosted by a 30% increase in the RON token price and wider ecosystem adoption. At the same time, native token TVL fell by 36%, from 128…
Kima Network has partnered with Tashi, a side-chain and Decentralized Physical Infrastructure Network (DePIN) technology focused on gaming. This collaboration aims to leverage the strengths of both platforms to enhance blockchain integration within the gaming sector. Kima Network 🤝TashiWe are thrilled to announce our strategic partner, @tashiggofficial – a side-chain and DePIN technology for gaming.📢Together, we will work on implementing joint marketing activities to drive blockchain innovations across our communities.📢Moreover,… pic.twitter.com/d6ZNSzmfv3 — Kima Network (@KimaNetwork) December 16, 2024 Tashi is poised to benefit from Kima’s cross-chain payment railways and enable stablecoin payments across all major chains, including Ethereum Virtual Machine…
Chainlink’s real-world asset tokenization efforts and whale accumulation have fueled a robust price surge, with a 100% surge in crypto whales holding LINK. By utilizing tools like The Graph for data indexing and AerodromeFi for liquidity management, BetSwirl enhances its trustless gaming experience. Decentralized gaming platform BetSwirl announced its expansion to the Ethereum Layer 2 network Base. The platform’s integration with Base is bolstered by Chainlink’s Verifiable Random Function (VRF) 2.5, ensuring transparency and security in onchain gaming. BetSwirl chose Base for its core strengths: robust security, low transaction costs, and a developer-friendly environment. Additionally, Base’s focus on innovative solutions…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. TON, Immutable, Ronin—the rise of gaming chains is one of this year’s major web3 stories. The Open Network, Telegram’s “official web3 infrastructure,” is a good example of this success by enabling in-app onboarding and new levels of engagement and reward. TON simply makes it easier for builders to build and players to play, demonstrated by year-defining titles like Notcoin, Hamster Kombat, and BANANA. After starting the year with just over 4M on-chain accounts, TON will finish the…
Vanar Chain is partnering with Shelby American, a high-performance automobile manufacturer, to incorporate its brand into the Metaverse. This news comes from an exclusive press release shared with BeInCrypto. Shelby American And Vanar Chain Unite These two firms are using the Metaverse to introduce these cars to a new class of enthusiasts. Shelby will use scalable Layer 1 blockchain technology from Vanar and its gaming platform Virtua to launch a new brand, the “Shelbyverse.” The Shelbyverse will also have a real-world impact, offering exclusive physical merchandise through a multi-platform initiative. “Shelby American has always been about pushing boundaries in the…
MicroStrategy’s executive chairman Michael Saylor has spent the past four years hammering one message home: buy Bitcoin and never sell it. As Bitcoin shattered the $100,000 milestone for the first time this week, Saylor took the opportunity to double down on his aggressive investment strategy. “Every day for the past four years, I’ve said buy Bitcoin, don’t sell the Bitcoin. I’m going to be buying Bitcoin at the top forever,” he told Market Domination hosts Julie Hyman and Josh Lipton. His approach is brutally straightforward: convert spare capital into Bitcoin, hold it long-term, and ignore the noise. “Just keep buying…
The token saw a massive $587.2B in USDT transfers in November 2024, the highest ever. Institutional users and large traders contributed most of the volume, driving demand. TRON’s fast transactions and low fees continue to attract more users for high-value transfers. USDT transfers on the coin reached a record-breaking $587.2 billion in November 2024, surpassing October’s $489.3 billion total. This sharp increase highlights the growing demand for stablecoins and the increasing use of TRON as the go-to blockchain for large-scale transfers. CryptoQuant analyst JA Maartun reported the findings, noting TRON’s pivotal role in stablecoin activity. Source: Cryptoquant Growing Volumes Show…
Crypto gaming franchise Pixelverse is launching a new tactical deck builder game that transforms popular cryptocurrency memes into playable characters, the firm announced Thursday. MemeBattle will feature characters based on the mascots of Base network meme coins, including Brett, Toshi, Keyboard Cat, Dog in Me, Mr. Miggles, Mochi, Ski Mask Dog, and Mochi. Players will be able to build squads using the meme coin-based characters and compete in battles to earn rewards. Characters from other crypto projects including Pudgy Penguins, Turbo, and Mew will also be featured. Promotional artwork showing meme coin mascot Brett. Image: Pixelverse A Pixelverse representative told…
Cassette has released v0.2.0 of its decentralized storage application, introducing several new features aimed at enhancing user experience and expanding functionality. Built on NeoFS, Cassette provides a Dropbox-like solution with blockchain-native capabilities. Feature updates The most significant update is the integration of NeoNS, allowing users to assign human-readable names to storage containers. In NeoFS, a container functions like a folder in traditional storage, serving as a storage block for organizing files. Containers can now be publicly shared using either their ID or NeoNS name, which are accessible through a built-in NeoFS browser in Cassette. Cassette has also introduced the Cassette…