Author: NBTC
Solv Protocol has introduced ‘SolvBTC.JUP’, a new Liquid Staking Token that lets Bitcoin investors earn returns through Solana’s decentralized finance ecosystem. Even though it is only in its pilot phase, SolvBTC.JUP offers Bitcoin holders a way to generate returns, paid in Bitcoin (BTC), by participating in Solana’s (SOL) Jupiter Exchange, according to a press release shared with crypto.news. The process works by depositing Bitcoin into Solv Protocol. In exchange, users receive SolvBTC.JUP, which represents their staked Bitcoin. This token accrues yield over time based on Solv’s involvement in the Jupiter Liquidity Provider Pool. The Jupiter Exchange, a platform for decentralized…
Ethereum is currently at a critical juncture, with its price testing the $2.6K-$2.7K resistance zone. A breakout above this range could signal a mid-term bullish trend, potentially driving the price toward $2.8K and beyond. However, if the resistance holds, Ethereum may enter another bearish consolidation. Technical Analysis By Shayan The Daily Chart Ethereum has recently experienced a surge in price, primarily driven by heightened buying activity around the $2.3K support level. This bullish momentum has allowed the cryptocurrency to break above the descending channel’s middle trendline, signaling a possibly bullish shift. However, the asset is now encountering a substantial resistance…
A new survey from crypto exchange Kraken suggests that the majority of investors in the digital asset space are using the same strategy to gain exposure to the market. Kraken’s survey reports that 59% of market participants are employing a dollar cost average (DCA) strategy to invest in crypto assets. DCA refers to the practice of buying into the market on an ongoing basis regardless of price instead of attempting to time the market. Says Kraken, “Because it offers a ‘set it and forget it’ way to steadily accumulate crypto over time, dollar-cost averaging has also become a popular trading…
Bitcoin’s hashprice has risen to a two-month high, exceeding $50 for the first time since mid-August, according to data from Hashrate Index. On Oct. 17, the hashprice hit $53.64, marking its highest point since Aug 23. This comes after a significant drop in September, when the hashprice fell to an all-time low of below $40. Digital Mining Solutions founder Nico Smid noted that the recent increase provides much-needed relief to miners affected by the harsh market conditions. Last year, the hashprice consistently hovered above $60 per petahash per day (PH/day). Smid indicated that to return to that level with the…
Trader Joe (JOE), a decentralized trading platform operating on the Avalanche network, has quickly emerged as a significant player in the world of decentralized finance (DeFi). Designed to integrate various financial services, the platform combines decentralized exchange (DEX) functionalities with lending options, allowing users to engage in leveraged trading. The initiative aims to reflect the growing prominence of the Avalanche blockchain and cater to a global audience engaging with DeFi. Contents hide 1 What Is JOE Coin and Its Features? 2 How Can Users Purchase JOE Coin? What Is JOE Coin and Its Features? Since its inception, Trader Joe has…
The Ethereum Foundation’s lead recently sparked debate with their statements about the skyrocketing valuations of ERC20s, NFTs and meme coins. The Péter Szilágyi suggested that while experimentation in the crypto space is valuable, these assets reaching high valuations is problematic. According to their view, such extreme valuations, especially for projects with little to no inherent utility, are unsustainable. They argued that at some point, someone will extract the value from these overinflated assets, potentially damaging the broader ecosystem. Essentially, they are advocating for a more cautious approach toward the meme-driven side of crypto and the public figures promoting them. The…
Investor Luke Gromen is forecasting a breakdown in the dollar over time due to an increasingly unfavorable fiscal situation in the United States. In a new interview on the Trader’s Edge podcast, Gromen says the Federal Reserve is essentially “stuck” with low interest rates due to the inability of the US government to afford to service its debt with a higher Fed funds rate. Gromen says the Fed is being forced to cut rates not because inflation and the economy have cooled down, but because the US government’s financial situation is now so bad that it “requires” low rates. The…
Hamster Kombat has finally done the Token Generation Event and has started distributing the Airdrop. Around 75% of the total supply will be airdropped to the community. The Ton network has asked the validators to stay on high alert as this airdrop can cause the blockchain to clog just like during DOGS airdrop. As many hours have passed during the Airdrop, let’s find out what is happening in the Hamster Kombat market. Token Distribution and Exchange Listings According to the data from Tonviewer, Binance has received the highest $HMSTR token inflow. At the time of writing, it holds 18.08% supply…
Over the past year, Bitcoin has evolved at an unprecedented pace. A so-called “Bitcoin Renaissance” has ushered in NFTs, token standards, staking, and dozens of new scaling solutions and “Layer 2s” built upon the oldest, most popular blockchain. In fact, while Bitcoin’s recent price action has been volatile, developers say the network’s biggest stories are unfolding under the hood—and that its most exciting times are likely just months away. Here’s a look at five projects that are redefining what’s possible on Bitcoin. 1. BitcoinOS BitcoinOS said it was the first project to verify a zero-knowledge proof on Bitcoin in July.…
Bitget Wallet, a premier non-custodial Web3 service provider, has partnered with 1inch, a well-known DEX aggregator. This partnership is designed to improve the Bitget Wallet’s Swap function so that users can fully enjoy decentralized trading and benefit from an easy access to the best prices. 1inch, known for its advanced routing algorithms, will allow Bitget Wallet users to trade with minimal rates. Enhanced Swap Features and Growing Adoption In the third quarter of 2024, Bitget Wallet saw impressive growth, with Swap activity surging by 125%. Besides, dApp activities increased by 128%, and token transfers jumped by 175%, reflecting the platform’s…