Author: NBTC
Ethena’s USDe yield-bearing token grew by $1 billion in a month to $3.44 billion as perpetual funding rates rose amid the crypto rally. The token now offers a 29% annualized yield, rebounding from a period of below the U.S. dollar risk-free rate as crypto markets corrected. DeFi lenders and exchanges listing USDe as collateral assets and plans to distribute protocol revenues to governance token holders could further bolster growth. As crypto markets rocketed higher since Trump’s election victory, Ethena’s yield-bearing token is back in vogue with investors. The project’s USDe token attracted around $1 billion in new capital over the…
The NFT market witnessed a noteworthy activity during the last twenty-four hours. As per Phoenix Group, the prominent NFT marketplaces and collections drove substantial trading volumes, with Pudgy Penguins as the lead while CryptoPunk # 1522 led the individual sales. The on-chain analytics provider shared the latest data concerning the overall NFT market on social media. #NFT MARKET OVERVIEW TOP COLLECTION #PudgyPenguins – 24H Volume $2.62MTOP… pic.twitter.com/sP7BgdA2js — PHOENIX – Crypto News & Analytics (@pnxgrp) November 19, 2024 Pudgy Penguins Dominates the NFT Sector in Terms of 24-Hour Trading Volume In market volume, Pudgy Penguins topped the market, recording $2.62M…
XRP and XLM may seem like competitors, but they actually support each other. XRP focuses on banks, while XLM helps individuals without banking services. This sentence is straightforward and highlights the distinct roles of XRP and XLM. XRP and XLM are rising as important players in the cryptocurrency market. These digital currencies often seem like rivals but may actually support each other. Their partnership could change cross-border payments and financial transactions. Recently, Veresan from Black Swan Capitalist shared thoughts on this teamwork. He pointed out Jed McCaleb’s vision for a single currency system, which highlights the potential for XRP and…
Just recently, President-elect Donald Trump appointed several individuals with connections to the cryptocurrency industry to take on roles in his administration. The new appointees include Elon Musk and Vivek Ramaswamy, who will lead the Department of Government Efficiency, and Howard Lutnick, CEO of Cantor Fitzgerald, as co-chief of his transition team. Coinbase CEO Brian Armstrong to Meet with Donald Trump on Crypto Policy Focusing on the regulatory frame, Brian Armstrong, CEO of Coinbase, is scheduled to meet with President-elect Donald Trump as part of ongoing discussions surrounding the incoming administration’s main appointments as noted by Amit via his X account.…
In an exciting development for the cryptocurrency market, Binance.US has officially introduced the Treasure (MAGIC) coin for listing. The platform has started accepting deposits for MAGIC via the Arbitrum network. Trading for the MAGIC/USDT pair is set to commence on November 20, 2024, at 17:00 UTC, prompting significant interest among crypto enthusiasts. Contents hide 1 What Makes Treasure (MAGIC) Unique? 2 How Does MAGIC Function Within the Ecosystem? What Makes Treasure (MAGIC) Unique? Treasure offers a decentralized gaming framework that supports the creation of Web3 games. Governed by a decentralized autonomous organization (DAO), the Treasure ecosystem features a marketplace for…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is up 3.42% today against the US Dollar Bitcoin is currently trading 13.89% below our prediction on Oct 29, 2024 Bitcoin gained 7.09% in the last month and is up 94.65% since 1 year ago BTC price is expected to rise by 15.93% in…
Organized Network, an innovative cloud liquidity infrastructure solutions provider for decentralized finance or DeFi, has partnered with KODA, the leading cryptocurrency custody company from South Korea. https://twitter.com/orderlynetwork/status/1858775892727918992?s=46 This collaboration can be considered a significant step for Web3 market penetration in the Korean region and unifying traditional finance and decentralized finance (DeFi) markets. Orderly Network and KODA could deliver new benefits for Korean investors and open the door to DeFi, enabling investors to be more secure, accessible, and compliant in the digital economy space. Merging Traditional and Decentralized Finance The partnership brings together the strengths of both companies: KODA’s market leadership…
Ethereum spot ETF experienced its highest inflow period during the past week. The week ending Friday, November 15, saw the ETH spot ETF record a total net inflow of $515.17 million, over three times more than the previous record. In the meantime, it is crucial to note that last week’s inflow marks the second consecutive period that the Ethereum spot ETF recorded new milestones. Before the latest record, Soso Value data showed that the novel financial product attracted $154.66 million in inflows in the previous week. Further details reveal that the spot ETH ETF accumulated $9.15 billion in total net…
Jed McCaleb envisions Stellar as a top solution for affordable cross-border payments. Stellar’s mission is to bring easy, reliable global payments to underserved regions. Inspired by Venmo, Stellar aims to build financial access for millions worldwide. Jed McCaleb, co-founder of Stellar, recently revealed his vision for Stellar’s system as a global funding service. He aims to make foreign deposits affordable through Stellar’s currency, $XLM. McCaleb believes his platform could transform how people send money internationally, bringing financial access to millions. This vision is drawing interest as demand for cheap, accessible billing options continues to grow. Stellar’s Goal of Affordable International…
Jesse Powell, the founder of Kraken exchange, has voiced strong support for Brian Brooks, the former acting US Comptroller of the Currency, as the next Chair of the Securities and Exchange Commission (SEC). Powell highlighted Brooks’ broad expertise in a Nov. 19 post on X, noting that his understanding extends beyond crypto to the SEC’s regulatory mandate and defined limits. Powell also criticized the SEC’s current state, suggesting it has deviated significantly from its core responsibilities, harming US businesses and financial markets in the process. Fox Business reporter Eleanor Terrett confirmed that Brooks is being considered for various financial regulatory…