Author: NBTC

zkSync Era has quickly become a popular platform for decentralized finance (DeFi), with several protocols locking significant liquidity. According to DefiLlama, Sygnum Bank leads the pack with $50.5 million in total value locked (TVL). This means that there is a significant institutional payload for the platform, which is evident from the following analysis. This proves that zkSync is increasingly becoming popular in the DeFi sector. This large number demonstrates that zkSync investors are trusted and the growing institutionalization of actors in the network. Top 10 Protocols on zkSync Era by Total Value LockedLet’s compare the top 10 DeFi-protocols on @zksync…

Banking giant JPMorgan recently poured cold water on Ethereum (ETH), the second-largest cryptocurrency, claiming that there is no “bullish impulse” in its futures products. JPMorgan has noted that major institutional players tend to treat Bitcoin and gold as similar assets. The performance of the aforementioned assets is driven by the so-called “debasement trade”. Investors place their bets on gold and its digital rival due to persistent concerns about growing government deficits and the gradual erosion of trust in fiat currency systems. The lustrous metal and Bitcoin are also seen as means of diversification. However, Ethereum is not part of this…

Cardano is preparing for the Chang hard fork, which will bring in the Voltaire era by introducing on-chain governance. The upgrade allows ADA holders to vote directly on key decisions, moving the platform closer to a fully decentralized blockchain ecosystem. Table of Contents A deep dive into Cardano’s development stages What is the Chang hard fork? What past hard forks reveal about ADA’s future A deep dive into Cardano’s development stages Cardano’s development is divided into phases known as “eras,” named after influential poets, mathematicians, or computer scientists. Every era introduces new features through hard forks. Byron: Launched Cardano’s foundational…

U.S. SEC Commissioner Hester Peirce believes there is vagueness in how the commission defines crypto asset or digital asset securities. Peirce made this point during an interview with the Thinking Crypto podcast, highlighting the origin of the term and the related linguistic challenges. However, the SEC Commissioner clarified that some crypto assets could still be considered securities. She suggested that tokenized versions of traditional stocks could exist in the future, but this wouldn’t alter their classification as securities. The same would apply to tokenized bonds, which remain securities despite their tokenization. Read also: Confusion Grows as SEC Flip-Flops on ‘Crypto…

PancakeSwap V2 has emerged as the top decentralized application (dApp) on the BNB Chain, leading in weekly trading volume with a staggering $6.1 billion. This data was reported by Phoenix, a prominent crypto media outlet. It tracks the performance of various dApps across different blockchain networks. High trading volumes serve as evidence that PancakeSwapV2 is the leading DEX on the BNB Chain. TOP #BNBCHAIN DAPPS BY WEEKLY VOLUME #PancakeSwapV2 #PancakeSwapV3 #JumperExchange #VenusProtocol #0xProtocol #1inch #DODO #OKXNFT #ParaSwap #StargateFinance pic.twitter.com/7AiF7OGs0a — PHOENIX – Crypto News & Analytics (@pnxgrp) October 4, 2024 PancakeSwapV3 Follows with $2.63B in Weekly Volume on BNB Chain…

Ethereum has seen a 15% drop since hitting its recent high of $2,729 last Friday, leaving analysts and investors feeling frustrated with the price action. Many expected the bullish trend to continue, but Ethereum has struggled to maintain upward momentum. Concerns are mounting as some market observers predict a deeper decline, possibly falling to yearly lows around $2,150 if the current support level fails to hold. This has reignited fear and uncertainty across the market as Ethereum’s price sends mixed signals. The recent decline has shaken confidence, and market participants anxiously await a clear direction. Analysts are closely watching Ethereum’s…

IOTA is Now a Shari’a-Compliant Token TL;DR:The IOTA Token is now Shari’a-compliant, certified by the Cambridge Institute of Islamic Finance. This ensures adherence to Islamic principles and legal requirements, with a Shari’a Governance Framework and annual compliance checks fostering trust and growth in the Middle East and globally. In the fast-changing regulatory landscape that we are subject to, compliance with applicable laws and regulations is critical for building trust and confidence with regulators, business partners, and individual users. This is especially essential for a token like IOTA, with an international presence and global reach. The IOTA Ecosystem DLT Foundation was…

The SEC has officially filed a Notice of Appeal in its legal battle against Ripple Labs and its executives, Bradley Garlinghouse and Christian Larsen. This move effectively halts progress on the recently proposed XRP ETF by Bitwise, casting doubt on its future. Bitwise filed for the first-ever spot XRP ETF on September 30, 2024, just days before the SEC’s deadline to appeal the court ruling in favor of Ripple. However, with the SEC now challenging the final judgment from August 7, 2024, the legal battle over whether XRP is considered a security is far from over. The SEC’s appeal could…

Bitcoin defies the odds with a 22% surge from the month’s low, challenging September’s bearish reputation. All eyes are on the $65,200 mark as bitcoin approaches a pivotal point in its trading channel. A 10% price increment analysis reveals bitcoin’s potential for unexpected, significant moves. Bitcoin (BTC) has shown remarkable resilience this September, a typically bearish month, surging 22% from its monthly low of about $52,500. All eyes are now on the critical $65,200 mark, with market participants watching closely to see if it can break out of the current downtrend. Since climbing to a record high back in March,…

Flare upgrades SparkDEX to allow cUSDX and WFLR deposits, enabling FlareDrops and FTSO rewards. Polyhedra’s zkBridge integration enhances Flare’s security and cross-chain value transfers with zk-proof technology. In a tweet, Flare recently revealed a significant improvement to SparkDEX, the first AI-driven DeFi ecosystem housed on Flare Network. The SparkDEX contract has been improved in the update to let customers who deposit cUSDX and WFLR into the pool qualify for several incentives. While still earning rFLR, users can now earn FlareDrop, FTSO delegations, and cUSDX incentives. Especially in the fast-expanding DeFi area, this action is considered a significant improvement meant to…