Author: NBTC

Last week, decentralized exchanges (DEXs) trading saw a marked increase, reaching $39.99 billion. This week’s rate of 24.67% growth signifies the increasing traction of decentralized finance. Among the best performers, Uniswap remained on top with $10 billion in trading volume and $1.88 billion in total value locked (TVL). Phoenix, a crypto media platform, shared the list of top decentralized exchanges (DEXs) by weekly trading volume through its official X account. TOP #DECENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Uniswap #Pancakeswap #Raydium #Orca #Aerodrome #Curve #DODO #ThorChain #LFJ pic.twitter.com/NS2xr1SzQN — PHOENIX – Crypto News & Analytics (@pnxgrp) October 3, 2024 Uniswap Maintains…

Ethena’s USDe stablecoin, also known as the “synthetic dollar,” has seen nearly $100 million in redemptions over the past few days during a massive market selloff that has seen Bitcoin fall below $50,000 and Ethereum give up its 2024 gains. Significant market turbulence likely triggered these redemptions from users, putting some pressure on the protocol. On Monday, over $1 billion in lending trades were liquidated on centralized exchanges and over $400 million on DeFi protocols, marking one of the largest liquidation events of the year. Meanwhile, USDe managed to maintain its peg to the US dollar. However, its price fluctuated…

Attorney Jeremy Hogan provides a critical analysis of the SEC’s decision to appeal the Ripple ruling. As earlier reported, the SEC has revealed its intentions to appeal Judge Torres’ verdict in the Ripple case. Although the agency has not officially filed the appeal brief, there are speculations that the upcoming appeal would revolve around Judge Torres’ decision on Ripple’s programmatic sales and other distributions of XRP, which were deemed non-investment contracts. This speculation emanates from the fact that the regulator had attempted to overturn these decisions through an interlocutory appeal. While the judge denied this interlocutory appeal request at the…

Bybit to Delist CEEK/USDT Perpetual Contract on October 10 Bybit Exchange has announced that it will delist the CEEK/USDT perpetual contract on October 10, 2024, at 10:00 UTC, according to a statement on its official website. This move is part of Bybit’s periodic review of its trading products to ensure they align with the platform’s standards and market demand. What This Means for Traders The delisting of the CEEK/USDT perpetual contract means that after October 10, traders will no longer be able to open or close positions for this trading pair on Bybit. Users with open positions are encouraged to…

Jonathan Chester, CEO of Bitwage, has detailed how the company has been serving Argentine remote workers who prefer collecting payments from employers abroad in stablecoins. Chester stated that 70% of its customers in the country use stablecoins, reinforcing that these have helped Argentines increase their net salaries up to 50%. Bitwage CEO Jonathan Chester: 70% of Argentine Customers Collect Salaries in Stablecoins Another high-profile cryptocurrency company has pointed out the relevance of stablecoins for Argentina. Jonathan Chester, CEO of Bitwage, has highlighted the pivotal role that stablecoins, tokens pegged to the value of the digital dollar, play for Argentine remote…

The market recovery at this time is fueled by many factors, including large transactions from whale investors. While most digital currencies are in rebound mode after intensive sell-offs from yesterday, the trio of Ethereum (ETH), Cardano (ADA), Avalanche (AVAX) and general altcoins have printed massive whale transaction booms in the past 24 hours. Whale validation for ETH, ADA and AVAX According to data insights from crypto analytics platform IntoTheBlock (ITB), Ethereum (ETH) has jumped by 320.84% in large transactions with a total of $19.37 billion traded within this time span. For transactions worth $100,000 and above, Ethereum conducted close to…

As is now known, the SEC has officially appealed its case against Ripple following a historical ruling on Aug. 7, in which Ripple was ordered to pay a $125 million civil penalty, which was a lot less than the $2 billion the regulator was asking for. The motive is that the district court’s decision goes against long-standing Supreme Court precedents and established securities laws. Ripple’s Chief Legal Officer Stuart Alderoty said he was disappointed with the SEC’s decision. He called the lawsuit “irrational” and “misguided” from the start and mentioned that the court had already rejected the SEC’s claim that…

Coinbase to delist all non-compliant stablecoins in the EEA by December 2024. MiCA regulation forces exchanges to restrict unauthorized stablecoins. Tether among stablecoins facing delisting due to EU MiCA rules. Coinbase plans to delist all unauthorized stablecoins in the European Economic Area by the end of 2024. This decision is in response to the upcoming implementation of the European Union’s Markets in Crypto Assets regulation, which imposes additional requirements on stablecoin issuers. 🚨🚨 Coinbase will be delisting Tether (USDT) this year! The next couple of months are going to truly define the future of crypto. #XRP #XRPCommunity #XRPHolders pic.twitter.com/L8ddMtycKf —…

Christie’s will offer blockchain-based certificates of ownership for a photography collection it is auctioning. Christie’s involvement in blockchain-based innovations goes back to 2021, when it auctioned digital artist Beeple’s “Everyday” collection for $69 million. Christie’s is again experimenting with blockchain-based technology by issuing digital certificates of ownership for a photograph collection by Trevor Traina, the founder of wallet provider Kresus and former U.S. ambassador to Austria. The auction house’s sale of “An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina,” on Wednesday at the Rockefeller Center in New York will issue digital certificates for each of…

Gert van Lagen, a well-known technical analyst, says there is a good chance that Bitcoin (BTC) will surge in price by over 472% in the next year. So, as the trader explains in his latest post, the major cryptocurrency currently shows a step-like formation – a pattern, which is characterized by a series of price consolidations followed by upward movements, resembling steps in an ascending trend. Amid this formation, which looks a bit like a famous “cup with handle” bull pattern, van Lagen spots an ascending broadening wedge at the potential pre-breakout stage. This technical pattern is worth paying attention…