Author: NBTC
In a revealing study, the Bank for International Settlements (BIS) challenges the notion of decentralization in liquidity provision on decentralized exchanges (DEXs). This analysis of Uniswap v3 indicates that despite technological advancements, the dominance of institutional liquidity providers (LPs) shapes the DeFi landscape. According to BIS researchers, “These players hold about 80% of total value locked and focus their attention on liquidity pools that have the most trading volume and are less volatile.” This article examines BIS’s findings on liquidity provision in DeFi, highlighting the influence of institutional players on decentralized markets. The Reality of Liquidity Provision in DeFi: Insights…
The Ethereum ecosystem is clearly at a turning point when examining the larger picture and a price chart provided below. Let’s examine the ongoing discussion surrounding the rollup model and its relationship to Ethereum’s price patterns. The function of based rollups in Ethereum’s scaling roadmap is a topic of debate among Vitalik Buterin and other Ethereum community members. Security, interoperability and scalability are the three main problems that rollups are supposed to address simultaneously. The previous overly ambitious Ethereum 2.0 specifications, which experienced delays and rewrites, are reminiscent of this all-in-one approach. Critics argue for modularity, which treats interoperability and…
Social media is buzzing with posts about Peanut, a popular pet squirrel with 500,000 Instagram followers, who was euthanized by New York state officials. In the wake of this, a wave of Peanut-themed meme coins has taken off, showing substantial gains over the weekend. Peanut the Squirrel’s Legacy Lives On in Meme Coins and Social Media Buzz Peanut the squirrel rocketed to internet stardom, joining the ranks of other adored animal icons like Moo Deng, the baby pygmy hippo from Thailand’s Khao Kheow Open Zoo. Through his Instagram, where Peanut shared the spotlight with his owner Mark Longo, the duo…
A groundbreaking partnership between Metacade and SuperVerse has set the stage for an exciting chapter in blockchain gaming with the largest-ever pool prizes on Base. Metacade is the leading hub in on-chain gaming while SuperVerse is the prominent player in the GameFi space. Together, they have introduced a $10,000 prize pool for Gangs of Metacadia (GoM). It’s time…Metacade just got a $SUPER upgrade 🎮🔥🟩@SuperVerse pic.twitter.com/nKHthgeYUB — MCADE 🎮 METACADE (@Metacade_) November 19, 2024 Gangs of Metacadia is the flagship game of Metacade which marks one of the largest rewards ever offered on the Base blockchain. This collaboration pushes the boundaries…
Carrot Swap, a decentralized exchange, and Nichome, a platform aimed at becoming the primary portal for Neo X have announced a partnership. This collaboration will allow Carrot Swap users to earn X Credits on Nichome by performing actions such as token swaps. Nichome Nichome is designed to facilitate user participation in the Neo X ecosystem by combining asset activity with user engagement. The platform team plans to introduce a suite of features aimed at streamlining asset transfers and incentivizing user activity. Key intended functionalities include: Asset transfers: Allowing seamless transfers between EVM-compatible blockchains, Neo X, and Neo N3. Staking and…
The publicly listed Bitcoin (BTC) miner from Wall Street and London’s City, Argo Blockchain (NASDAQ: ARBK, LSE: ARB) reported a net loss of $6.3 million in the third quarter as the cryptocurrency mining company grappled with challenging market conditions and reduced mining margins. Revenue fell to $7.5 million in Q3, down 28% from $10.4 million in the same period last year. The company mined 123 Bitcoin during the quarter, averaging 1.3 BTC per day. Mining margins contracted significantly to 8% from 58% in the year-ago period, when the company benefited from power credits due to economic curtailments. Adjusted EBITDA swung…
In a strategic move, Sygnum, a prominent digital asset banking group, has opened a new office in Lugano, Switzerland. This location is significant as Lugano is the largest city in the Italian-speaking Canton of Ticino. The office aims to better serve local clients and strengthen ties with the growing Bitcoin and digital asset community. 📣 News: Sygnum Establishes Lugano Office and Launches Bitcoin Initiative to Advance Regulated #Bitcoin Products and Research https://t.co/Mb80XjRyMG▪️ Sygnum establishes new office in the Plan ₿ HUB in Lugano, Switzerland, to expand client services for growing local client… — Sygnum Bank (@sygnumofficial) October 24, 2024 New…
Ethereum’s price has pulled back in recent days as some whales continue to sell their tokens. Ethereum (ETH) retreated to $3,058 on Monday, Nov. 18, from this month’s high of $3,445. This retreat means that it has moved into a local technical correction after falling by 11% from its highest level this month. Ethereum’s price action happened as some whales continued selling their coins. Data by LlamaFeed shows that whales have moved ETH tokens worth over $300 million in the last 24 hours. The biggest whale movement moved 50,000 ETH tokens valued at over $153 million to Kraken and paid…
From memecoins to accusations of Polymarket manipulation to Michael Saylor’s bizarre custodial comments, last week in crypto was certainly exciting. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Memecoins, Market Manipulation, and More This week I saw yet another sign of the power of memecoins. I listened to several podcasts with many serious traders and builders talk in excited tones about this or that memecoin. It appears memecoins have the ability to make children out of even the most serious of us.…
In a significant move that has attracted market attention, Binance, a prominent cryptocurrency exchange, announced the removal of select BTC trading pairs from its platform. Scheduled to take effect on November 27, this decision has led to a notable decline in the prices of affected cryptocurrencies, prompting users to reassess their asset management strategies. Contents hide 1 What Trading Pairs Will Be Affected? 2 How Are Prices Reacting to Changes? What Trading Pairs Will Be Affected? On November 20, Binance disclosed its plan to eliminate specific cross-margin trading pairs, including C98/BTC and IDEX/BTC, starting at 06:00 UTC on the 27th.…