Author: NBTC

Ethereum still dominates the stablecoin market, despite hype for minting tokens on other chains. The chain has 52.59% of the stablecoin supply, in addition to the most active usage based on smart contract data. The Ethereum chain is still important for stablecoin supply and turnover. Despite the hype for new mints on TRON and Solana, Ethereum’s supply is still not replaceable. The chain carries 52.59% of the total stablecoin supply, with a mix of USDT, USDC, and multiple algorithmic stablecoins. Ethereum’s dominance happens at a time when the overall stablecoin supply is at an all-time high. A total of $174.7B…

This is a segment from the Empire newsletter. To read full editions, subscribe. Trump’s win could have you cooking up all sorts of profitable trading strategies. It’s only natural, considering it feels like we’re on the cusp of a new paradigm: for arguably the first time ever, US regulators might take it easy on crypto and let innovation flourish. And so the topic of risk appetite came up on today’s Empire podcast episode. Yano asked Eric Peters, CEO and CIO of both Coinbase Asset Management and One River, what he’d prescribe for a 30-40-year-old first-time crypto investor who has a…

Smoking Chicken Fish (SCF) memecoin received backing from Arthur Hayes, co-founder of the crypto derivatives trading platform BitMEX. Despite this, the cryptocurrency has dropped 5.33% in the past 24 hours. According to the data from CoinMarketCap, SCF is trading at $0.05427, with a market capitalization of $53.85 million and a trading volume of $5.68 million. The cryptocurrency’s all-time high occurred 18 days ago, when SCF reached $0.1463. The memecoin is currently down 63.19% from its all-time high. Hayes expressed his support for the project on X, greeting his followers with “cowabunga.” The cryptocurrency has been bearish in the past 24…

OKX has expanded trading options for users, announcing the addition of OL/USDT margined perpetual futures, margin trading, and Simple Earn for OL. OKX to Launch OL Perpetual Futures The new features will be available on November 22, 2024, with specific timelines provided for each service. Important Updates and Schedules Perpetual Futures: USDT margined perpetual futures for OL will go live on November 22, 2024 at 12:00 UTC. Margin Trading and Simple Earnings: These services will be activated for the OL/USDT trading pair from 14:00 on the same day. Margin Trading: Details regarding tiered margin levels will be available in the…

The Bitcoin price action is raising concerns after a failed attempt to push past critical resistance levels, with bearish signals now emerging. According to an analysis shared on TradingView by the analyst RLinda, Bitcoin could be on the way to reversing last week’s gains and correcting heavily due to the formation of a bearish engulfing pattern. Failed Push Above $69,000 Marks Bearish Reversal For Bitcoin RLinda’s analysis of the Bitcoin price trajectory is based on a new bearish engulfment candlestick pattern that is developing on the daily candlestick timeframe. Last week, Bitcoin experienced a notable rally that brought the cryptocurrency…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. DeFi promised a financial revolution—a world where users could build custom strategies by seamlessly stacking protocols like “money legos.” However, the reality has been disappointing: only 10% of crypto holders are active monthly users, meaning that less than 1% of the global population regularly interacts with DeFi. Meanwhile, the amount of layer-2 chains on major networks like Ethereum has only increased. The result? Complexity and fragmentation make it difficult—if not impossible—for most people to engage. You might…

Ethereum’s $3,000 support is reinforced by 6.14M ETH purchased by 2.82M wallets, indicating strong market confidence. Analysts predict Ethereum could hit $10,000, supported by whale accumulation of 430,000 ETH worth $1.4B in two weeks. On-chain metrics and ascending channel patterns signal Ethereum’s potential rise to $4,000, $6,000, and possibly $10,000. Ethereum’s price has remained steady around the $3,100 level, despite the cryptocurrency market rallying over the past few weeks. Notable analysts are predicting a significant upward trend for Ethereum, signaling the possibility of it outperforming Bitcoin in the coming months. Recent whale activity and on-chain metrics suggest that Ethereum might…

Adoption levels for the central bank digital currency (CBDC) have been sluggish in recent months, but China and Australia are renewing efforts to advance initiatives expected to stimulate the development of new use cases and foster further innovation. Recently, the People’s Bank of China (PBoC) unveiled a new upgrade to the digital yuan hardware wallet designed to improve its usability for tourists and less tech-savvy residents. The latest development improves the capabilities of its previous iteration and features QR codes and Near Field Communications (NFC) technology. Originally announced in 2021, the hardware wallet bears a striking similarity with debit cards,…

As reported by a popular blockchain analytics service, Lookonchain, seen on Solscan Pumpfun, has withdrawn $15M worth of USDC from the SOL sale and deposited it to the Kraken exchange. The transaction took place a few hours ago, and some analysts suggested that Pumpfun may be preparing for another cash-out in large quantities. 3 hours ago, #Pumpfun deposited the 15M $USDC obtained from their $SOL sale into #Kraken. Are they planning to cash out?https://t.co/eO2OHLWL0c pic.twitter.com/c4YTgrrUgV — Lookonchain (@lookonchain) October 31, 2024 Possible Consequence of the $15M Transfer Pumpfun could soon be seeking to liquidate. Such large-volume transfers are not exceptional…

MetaMask has introduced a pivotal upgrade allowing users to conduct token swaps without ETH for gas fees, reshaping the DeFi landscape on Ethereum. This gas-included swap feature streamlines the transaction process, effectively removing barriers that have frustrated Ethereum users for years. Michael Khekoian, a Senior Business Development Manager at ConsenSys, stated, “Swaps in MetaMask no longer require ETH for gas… No more insufficient funds on swaps,” highlighting the innovation’s significance. MetaMask’s Gas Station feature simplifies token swaps on Ethereum, removing the need for ETH gas fees and revolutionizing user experience in DeFi. MetaMask’s Gas Station: A Game Changer for Users…