Author: NBTC
Optimism, which has been successful in building out an ecosystem of affiliated blockchain networks, is now looking to more tightly connect them all. “The Superchain needs to feel like one chain,” the Optimism team wrote in a blog post shared with CoinDesk. Optimism, a layer-2 blockchain ecosystem atop Ethereum that has been successful in attracting new projects to use its technology – notably including Coinbase’s Base – is now looking to more intimately connect the affiliated networks. The ecosystem, built with the aim of allowing users to transact for cheaper on top of Ethereum, laid out its roadmap on Monday…
Long-term bitcoin holders and miners have been significant sellers of the cryptocurrency in the past two weeks with little indication of renewed buying interest. This trend has been observed through a decrease in UTXO age bands, indicating increased selling activity. Some opine miners are shifting their focus to the booming AI sector due to the diminishing mining rewards post-halving, which may have increased selling activity. Long-term bitcoin holders and miners were among the biggest sellers of the asset in the past two weeks and show few signs of renewed demand, on-chain analysis firm CryptoQuant said in a Wednesday report shared…
On Monday, MakerDAO officially launched the Spark Tokenization Grand Prix, an ambitious competition to onboard up to $1 billion of tokenized assets, particularly focusing on short-duration US Treasury Bills. The competition is an initiative by SparkDAO, a subDAO of MakerDAO. It is designed to assess participants’ ability to supply liquidity, align with MakerDAO’s vision, and introduce novel solutions within the decentralized finance (DeFi) ecosystem. The submission deadline is September 20, 2024, giving participants just over a month to finalize their proposals. OpenEden’s Compliance-Driven Approach to MakerDAO’s Tough Criteria In a governance post, Steakhouse Financial, a treasury management firm and a…
Unstoppable Domains has supported the crypto and NFT project of Farmsent and has launched the new TLD “.farm”. Now, 20 million farmers around the world will have their secure digital identity. Unstoppable Domains and Farmsent NFT: the new TLD .farm for farmers Unstoppable Domains and the crypto and NFT project by Farmsent to empower farmers The drop of 200 Web3 Premium domains with Crypto.com NFT Unstoppable Domains and Farmsent NFT: the new TLD .farm for farmers Unstoppable Domains, the largest provider of on-chain domains, has announced its partnership with Farmsent, the crypto and NFT project dedicated to farmers. At stake,…
Whale Alert reports a 9 trillion PEPE transfer worth $82 million from an unknown wallet to Bybit amid a 9.7% price increase posted by PEPE this week. On July 10, 2024, Whale Alert reported a major transfer involving the meme coin Pepe (PEPE). At 04:06:35 UTC, a transfer of 9 trillion PEPE tokens valued at approximately $82,170,000 occurred from an unknown wallet to the crypto exchange Bybit. 🚨 🚨 🚨 🚨 9,000,000,000,000 #PEPE (82,170,000 USD) transferred from unknown wallet to #Bybithttps://t.co/vpbrzjmnX6 — Whale Alert (@whale_alert) July 10, 2024 This whale activity comes when PEPE is trading at $0.000009287 today, with…
New York-based broker-dealer OTC Link just got nailed by the Securities and Exchange Commission (SEC) for what they believe to be a colossal screw-up. Over three years, OTC Link didn’t bother to file even a single Suspicious Activity Report (SAR), something they’re legally required to do. The fine? $1.19 million. OTC Link operates three alternative trading system (ATS) platforms—OTC Link ATS, OTC Link ECN, and OTC Link NQB. The SEC says these platforms are the go-to places for broker-dealers who handle tens of thousands of transactions every day in the over-the-counter (OTC) securities market. We’re talking microcap or penny stocks…
Solana (SOL) currently shows $8.3 billion in on-chain derivatives monthly trading volume so far in August, which is an 8.7% dominance, according to DefiLlama’s data. Zeta Markets is the third largest decentralized exchange for perpetual trading (Perp DEX) in Solana’s ecosystem, registering $24 million in weekly volume. The team behind Zeta is aiming at the creation of Zeta X, a layer-2 (L2) blockchain based on Solana with the specific purpose of being a Perp DEX. According to Tristan Frizza, founder of Zeta, a Solana L2 will be able to support faster trading and a higher success rate for transactions. “A…
Iran has started offering $20 rewards to report illegal crypto miners amid severe power shortages disrupting the country’s electricity grid. Iran is now offering rewards of $20 to the public for reporting illegal crypto mining activities as the country faces severe power shortages exacerbated by an intense heatwave and energy crisis. According to an Iran International report, Iranian authorities have introduced a reward of around $20 for reports of illegal crypto mining equipment in a move that is expected to curb the impact of unregulated activities, which have significantly disrupted the national power grid. The report notes that Iran is…
Superstate, an asset management firm, integrated Chainlink’s infrastructure into its Superstate Short Duration US Government Securities Fund (USTB). This strategic partnership is designed to enhance the transparency and utility of USTB, a tokenized treasury fund, according to a press release shared with BSCN. Robert Leshner, CEO and Co-founder of Superstate, emphasized the importance of reliable on-chain data for the tokenized asset market. He stated: “Asset tokenization enhances efficiency, programmability, and transparency but requires reliable on-chain data to unlock DeFi and automation use cases. Our integration with Chainlink ensures transparent data for our investors, allowing us to focus more on our…
Bitcoin’s drop below $65,000 was clearly unexpected, and the reasons behind it were quite shady and determining what exactly caused it is complicated. However, we might have an answer. Recently, cryptocurrency hedge funds have completely given up on Bitcoin. Throughout the previous 20 trading days, they have decreased their exposure to the BTC market to just 0.37. This is the lowest level since October 2020. The charts show the price trend of Bitcoin from 2019 to 2024, emphasizing notable highs and lows. Hedge funds’ reduced exposure to Bitcoin offers an important reason for the recent steep decline in the cryptocurrency.…