Author: NBTC
One of the creators of the top smart contact platform Ethereum (ETH) says the Web3 explosion will be exponentially larger than that of the dot-com bubble of the late 90s. In a new thread on the social media platform X, Joseph Lubin – who now serves as the chief executive of blockchain technology firm ConsenSys – says the Web3 boom is already underway, and he believes it will make a positive impact to the world. “The Web3 boom is on and it will be orders of magnitude larger than the dot-com boom. It will be a rough and wild ride,…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Crypto is much ado about AI these days, and two Solana startups recently closed funding rounds for businesses merging AI with social applications. Social graph protocol Tapestry announced a $5.75 million Series A led by Union Square Ventures and Fabric Ventures, and Oh raised $4.5 million in seed funding to “build AI agents for the spicy content industry.” The pair of fundraises both came with expansive ideas about the future of AI — and how humans can still stake a claim to that future. Tapestry is focused…
IOTA is being likened to a more advanced version of Sui (SUI), with features such as decentralized identity (DID), better tokenomics and RWA tokenization. Riding on these developments, IOTA’s price surged 14.43% on November 25, with a 127% monthly gain. IOTA (IOTA) token price is likely to mimic Sui’s (SUI) rally once the larger crypto community realizes its potential. An IOTA supporter on X highlighted the blockchain’s potential, likening it to a more advanced version of Sui. IOTA’s Use Case In Spotlight “Imagine what will happen to IOTA when US investors and funds realize that IOTA is basically SUI 2.0…
According to a January 18 report from Politico, Ripple, Coinbase, Kraken, Circle, and Robinhood have collectively donated over $10 million to Trump’s inauguration fund. The crypto industry is consistently proving that it is serious about its allegiance to President Donald Trump. The money will be used to cover elaborate inaugural events in Washington, D.C. The industry had already spent hundreds of millions of dollars on Trump’s campaign, with expectations of a crypto-friendly administration. Trump, for his part, has already started to deliver on his promises. The entire crypto community now anxiously and excitedly waits for Monday. Some expect him to…
Bitcoin (BTC), the largest cryptocurrency by market capitalization, hit a record-high above $109,000 on Monday, sending both implied volatility and realized volatility to the highest levels since August’s yen carry trade unwind. Realized volatility is the historical price fluctuations of bitcoin over the past 30 days. It hit 67 on the Bitcoin Volatility Index (BVOL) on Deribit. The Bitcoin Volmex Implied Volatility index (BVIV) hit a high of 71. Implied volatility is the market’s expectation for future price fluctuations derived from options pricing. Both indexes are up around 2% on the day. “The positive correlation between bitcoin’s price and implied…
The DeFi sector continues to progress, with the prominent dApps making new developments. As per the data from Phoenix Group, Aerodrome, Ethena, and Sky have emerged as the top players in terms of key metrics. The on-chain analytics firm provided the list of prominent dApps on its official social media account. KEY METRICS ON POPULAR #DAPPS #Aerodrome $AERO #Ethena $ENA #Sky $SKY #Aave $AAVE #Uniswap $UNI #LidoFinance $LDO #Jito $JTO #PancakeSwap $CAKE #Usual $USUAL pic.twitter.com/LCXqYyJs1v — PHOENIX – Crypto News & Analytics (@pnxgrp) January 20, 2025 Aerodrome Leads dApps with Stunning $33.36M in Revenue In Phoenix Group’s list of prominent…
he Ethereum Foundation created a multisig wallet to transfer 50,000 ETH to increase DeFi participation. The organization plans to back the wallet with around $150 million worth of ETH, but noted that the setup could take several days. Hsiao-Wei Wang, who was recently appointed to a leadership role at the foundation, said in a statement: “The Ethereum Foundation (EF) has set up a new Safe 3-of-5 multisig wallet… An operation has been initiated to send 50,000 ETH to it, but be patient; due to signature delays, this will take a few days to process.” There have been long-standing concerns about…
Investment Highlights Shared Commitment to Innovation, Free Speech, and Future Growth December 20, 2024 – Tether, the largest company in the digital asset industry with more than 350 million users, announced today that it has entered into a definitive agreement to make a strategic investment of $775 million in Rumble (NASDAQ: RUM), a leading video-sharing platform and cloud services provider. The investment includes a primary commitment of $250 million in cash, with Tether also supporting Rumble’s tender offer for up to 70 million shares at $7.50 per share, reinforcing the platform’s future growth initiatives. The total anticipated investment from Tether…
A whale transferred 308 billion BONK to Coinbase sparking more interest in the token. The BURNmas event will remove 1 trillion BONK tokens by Christmas. BONK’s value has surged sharply this month due to the growing excitement around the burn. A cryptocurrency whale moved 308.166 billion BONK tokens worth $14.43 million into Coinbase as part of a significant transaction. This activity was reported by Wu Blockchain using data from Arkham Analytics, and the whale began acquiring BONK tokens in December 2023, gradually increasing holdings until April 2024. BURNmas Token Burn Aims to Reduce Supply Significantly The BONK community is focused…
The crypto world is watching closely, eager to see what executive actions the incoming Trump Administration will take to shape the future of digital assets. At the top of their wish list is an executive order encouraging regulatory agencies to collaborate. This includes the Commodity Futures Trading Commission and the Securities and Exchange Commission, intending to create a comprehensive framework for digital asset policy. While Congress will ultimately decide how to classify crypto assets, such an executive order could motivate these agencies to produce research that propels the issue forward. Major U.S. firms in the sector, such as Coinbase Global…