Author: NBTC

Over $4.6 billion worth of Ether (ETH) is now on the exit queue for staking on Ethereum. Data from ValidatorQueue shows that validators are seeking to unstake a total of 1,009,8000 ETH from the network. According to the data, the massive amount of ETH awaiting withdrawal has increased the wait time for the ETH exits, taking it to 17 days and 13 hours. The new record high for ETH unstaking continues a trend of withdrawals from validators over the past few months. Interestingly, liquid staking protocols account for most of the unstaked ETH. Dune Analytics data shows that the top…

The United States Federal Reserve announced that it will soon host a conference on payments innovation and tokenization in what is turning into a big week of developments for real-world asset (RWA) tokenization. The Federal Reserve Board on Wednesday announced that it will host a conference on payments innovation on Oct. 21, bringing together industry experts to discuss “how to further innovate and improve the payments system.” The conference will feature panel discussions on several aspects of payments innovation, it stated. These include tokenizing financial products and services, converging traditional and decentralized finance (DeFi), emerging stablecoin use cases and business…

Openverse Global, a prominent L0 blockchain infrastructure firm, has collaborated with Arichain, an L1 blockchain that deals with Web3 fragmentation. The main purpose of this partnership is to resolve Web3 fragmentation with the provision of next-gen infrastructure. The platform mentioned in its official announcement on X that the move aims to fortify blockchain ecosystems with cutting-edge modularity. Additionally, the partnership attempts to improve consumer experiences across different networks. 🤝 Partnership Announcement: OPENVERSE x @Arichain_We’re thrilled to collaborate with Arichain, a multi-dimensional Layer 1 blockchain designed to overcome Web3 fragmentation.☀️ About ArichainArichain supports multiple native VMs (EVM, SVM & domain-specific runtimes)…

Jan van Eck, the CEO of investment management firm VanEck, speculates Ethereum will be the clear “winner” among blockchains as banks prepare for a flood of stablecoins. During an interview with Fox News Business on Wednesday, van Eck said banks and financial services will have to adopt a blockchain to handle stablecoin transactions, and he thinks Ethereum should be the one. “It’s very much what I call the Wall Street token. And what I mean by that is, if you think that because of stablecoins, now every bank and every financial services company has to have a way of taking…

The world of digital finance is buzzing with a significant development from the UK. The Bank of England stablecoin policy is undergoing a pivotal shift, poised to reshape how these crucial digital assets operate. This move isn’t just a technical adjustment; it’s a strategic decision that could bolster trust and drive innovation within the broader cryptocurrency ecosystem. What’s Changing with Bank of England Stablecoin Rules? Bank of England Deputy Governor Sarah Breeden recently made an announcement that has caught the attention of regulators and crypto enthusiasts alike. The central bank is set to relax its existing regulatory framework for stablecoins.…

Crypto exchange Kraken and Swiss tokenization firm Backed said on Tuesday they are bringing xStocks, a suite of tokenized equities, to the Ethereum network, aiming to integrate stcoks into decentralized finance (DeFi) infrastructure. The initiative allows eligible Kraken clients to deposit and withdraw xStocks directly on Ethereum, where they will exist as ERC-20 tokens fully collateralized 1:1 by underlying equities. That means investors can move tokenized stocks and ETFs between the exchange and self-custodial wallets while accessing Ethereum-based decentralized finance (DeFi) protocols. The rollout on Ethereum follows earlier xStocks launches on Solana, BNB Chain, and TRON. Since its debut in…

The cryptocurrency world is abuzz with recent revelations concerning a significant transaction. On-chain data suggests a substantial Infini founder ETH sale, specifically from Christian, the founder of the stablecoin neobank project Infini. This development has sparked considerable discussion and speculation within the crypto community, highlighting the constant scrutiny that high-profile figures face in the transparent world of blockchain. Unpacking the Infini Founder ETH Sale: The Details According to diligent on-chain analyst ai_9684xtpa, an address linked to Infini founder Christian appears to have offloaded a staggering 2,477 ETH. This amount translates to approximately $11.66 million at the time of the transaction,…

While Wall Street may be convinced the Federal Reserve (Fed) is about to slash interest rates, many experts argue the hard economic data says otherwise. Meanwhile, Bitcoin (BTC) is attempting a recovery, reclaiming above the $111,000 threshold after showing weakness earlier in the week. Why Experts Say Cutting Rates Now Could Backfire According to the CME FedWatch Tool, markets are pricing in a 99.6% probability that the Fed will cut rates at its September meeting. Interest Rate Cut Probabilities. Source: CME FedWatch Tool With barely two weeks to the next FOMC meeting, traders treat easing as a near certainty. They…

Somnia, a Layer 1 blockchain developed by UK-based metaverse technology company Improbable, has gone live with its mainnet and introduced its native token, SOMI. The rollout follows a six month testnet phase in which the network processed more than 10 billion transactions, onboarded 118 million unique wallet addresses, and attracted over 70 ecosystem partners, according to a press release. The Somnia Foundation said the testnet also saw Somnia process 1.9 billion transactions in a single day, a record for an EVM-compatible blockchain. CoinDesk could not verify the claims due to the testnet block explorer being offline at the time of…

Ethereum price just got its biggest validation yet. Over the past week, spot Ether ETFs in the US have pulled in more than $1.8 billion in inflows, outpacing spot Bitcoin ETFs by a factor of ten. Investors are voting with their wallets, and right now they’re choosing ETH over BTC. The question is whether this enthusiasm can fuel another leg up in Ethereum’s price, which is currently trading around $4,550. Ethereum ETF Inflows vs Market Sentiment When new financial products attract such strong demand, it signals that institutional and retail investors alike are building confidence in the asset. The fact…