Author: NBTC

While the SEC sought to qualify Ethereum as a security, JP Morgan analysts argued that Lido’s declining market share could protect Ethereum from being classified as a security. According to The Block, JP Morgan analysts also noted that in addition to the declining market share of the largest liquid staking protocol Lido, Ethereum’s latest Dencun update is another positive development for the ETH network and ecosystem. JP Morgan analysts led by Nikolaos Panigirtzoglou stated the following in the report: “Lido’s share of Ethereum has fallen from about a third a year ago to about a quarter now. “This should reduce…

Coinbase price target hiked to $276 from $200. Digital asset adoption continued after the approval of spot bitcoin ETFs, the report said. Risks include the exchange’s ongoing lawsuit with the SEC, Oppenheimer said. Coinbase (COIN) is well positioned to benefit from the long-term adoption of blockchain technology, broker Oppenheimer said in a research report on Wednesday raising its earning estimates for the crypto exchange. “We estimate that COIN’s 1Q24 trading volume would be up 95% quarter-on-quarter and 107% year-on-year to $300B,” analysts Owen Lau and Guru Sidaarth wrote, noting that the “adoption of digital assets continued after the approval of…

ONI, the utility token of Anonify, has experienced a dramatic decline, dropping over 90% in the past few weeks, contrasting sharply with the cryptocurrency markets, which have seen a notable increase in prices recently, with Bitcoin reaching new highs. The token, which saw a surge in demand following its launch on Feb. 20, achieved an all-time high of $1.18 on Feb. 28, only to fall to $0.01974 by March 13. This sharp decline has sparked discussions regarding the possibility of the project being a potential rug pull. Source: ONI Price-CoinMarketCap Anonify, a privacy-centric Telegram bot, claims to facilitate secure cross-chain…

Talos, a provider of institutional trading technology for digital assets, has partnered with Coinbase Derivatives, LLC, to expand the platforms available for institutional investors seeking to invest in digital assets within a regulated framework. The integration of Talos with Coinbase Derivatives enables investors to access a regulated futures exchange offering Bitcoin and ether futures contracts. According to the press release, these contracts, sized at 1 Bitcoin and 10 ether, cater specifically to the needs of institutional investors. They provide a capital-efficient tool for managing crypto market exposure without the complexities of direct asset custody. Daniel Packham, the VP and Head…

Xuirin Finance has introduced a revolutionary DeFi debit card striving to bridge the gap between decentralized finance (DeFi) and everyday spending. This unique project offers to render DeFi assets universally consumable for everyday operations worldwide, thus making a big step forward in incorporating DeFi into traditional financial practices. DeFi, a segment of finance that lies outside the traditional banking systems, has been considered the territory of those deeply involved in the world of cryptocurrencies mainly due to its complexity. Nevertheless, with the debut of the DeFi debit card by Xuirin Finance, this story is about to alter, providing a link…

A month after the Bitcoin Ordinals collection, Runestone, airdropped tokens to eligible wallets, a Dogecoin Ordinals project hosted its own airdrop this week in honor of the milestone. After the initial Doge Runestone airdrop, the collection of 30,272 Dogecoin NFTs began trading on the secondary market with a total trading volume of 80,142 DOGE, or nearly $15,000 worth. The current floor price for a Doge Runestone is 170 DOGE, around $32 on the Ordinals Wallet Dogecoin marketplace. https://twitter.com/RoboAI_DRC420/status/1775278443426697631?s=20 Robo AI, the group behind the Doge Runestone drop, told Decrypt that it’s building a DRC-420 protocol on Doginals to enable more…

Ethereum and Polygon continue to outpace newer Ethereum Virtual Machine (EVM) chains in attracting new users and trading volume, Flipside’s “New EVM Users: Q1 Snapshot” report shows. As of March 27, Ethereum has garnered 13.4 million new users, while Polygon has attracted 12.3 million, accounting for approximately 70% of the new user base across all EVM chains this year. In contrast, Arbitrum has seen 4.7 million new users since the start of 2024. While Ethereum’s mainnet maintains its historical dominance, Layer-2 protocols are cumulatively processing more volume. Decentralized finance (DeFi) remains the primary draw for new users, with Ethereum leading…

Federal Reserve Chairman Jerome Powell has highlighted the need for more debate and data before interest rates are cut, which financial markets anticipate will occur in June. “Recent readings on both job gains and inflation have come in higher than expected,” Powell said at an event in Stanford, California, on Wednesday. While policymakers largely believe that interest rates will fall later this year, he stated that this will only happen when they “have greater confidence that inflation is moving sustainably down” to the Fed’s 2% target. The Fed chairman’s recent remarks made no new policy points. As previously reported, Powell…

Shiba Inu ranks as the third most secure meme-based project on CertiK’s security leaderboard. With a security score of 90.74, Shiba Inu now ranks as the third most secure meme-based project on CertiK’s Skynet. According to data from CertiK, it is only behind Floki Inu (FLOKI) and Memecoin (MEME). In addition, the token’s security rating also places it in the 62nd position among all crypto assets on CertiK. Commenting on the development, CertiK said: “With almost 1.5 million token holders, it’s easy to see why people love $SHIB!” 🚀 @Shibtoken secures its position as the #3 meme project , and…

Figure Markets combines alternative trading system capabilities with cross-collateralization of crypto and traditional assets. MPC wallets matched with a goal of delivering a fully on-chain order book meet CEO Mike Cagney’s definition of a decentralized exchange. Figure is using about $100 million from its balance sheet as a catalyst to drive borrowing and lending. At first glance, Figure Markets, the cryptocurrency exchange recently unveiled by serial entrepreneur Mike Cagney, looks like another post-FTX trading-and-custody play aimed at institutions. But dig deeper, and a spectrum of value propositions appears, from cost-saving practicalities to visionary disruption. Key components include: an alternative trading…