Author: NBTC

Tron founder Justin Sun has made another change to his position on the Ethereum staking platform Lido. According to data from on-chain analyst ai_9684xtpa, Sun unstakes another 5,000 $ETH from Lido. With this latest transaction, the total amount of Ethereum Sun has unstakes via Lido since August 26th has reached 10,000 $ETH. Following these transactions, Sun still holds approximately 238,000 stETH in his on-chain assets. The current market value of these stETH assets is estimated to be approximately $594 million. Thus, Justin Sun remains one of the largest individual on-chain investors in the Ethereum ecosystem. Lido operates as a decentralized…

In August, US non-farm payrolls significantly exceeded market expectations, indicating a stronger-than-expected trend in the labor market. The unemployment rate remained unchanged from the previous month at 4.1%. At this point, the US non-farm payroll figures for August were released, and the 162,000 figure, exceeding the expected 56,000, surprised the markets. The data released for August is as follows: Non-Farm Payrolls Data: Reported 162k – Expectation 55k – Previous 21k Unemployment Data: Announced 4.1% – Expected 4.1% – Previous 4.1% Bitcoin and Altcoins Experience a Decline! Bitcoin, which had exceeded $80,000 during the day, retreated to $79,200 after the employment…

Grayscale Research Head Zach Pandl stated that if the token economics changes being discussed within the Ethereum ($ETH) and Solana ($SOL) communities are implemented, the rate of supply increase for both crypto assets could significantly slow, potentially having a supportive effect on prices. According to Pandl, the code changes currently underway in the Ethereum and Solana ecosystems aim to reduce the annual token inflation rates of $ETH and $SOL. Assuming other conditions remain constant, slower supply growth could reduce the amount of new tokens entering the market, increasing the scarcity of existing assets. According to Grayscale’s estimates, if these regulations…

The US Securities and Exchange Commission (SEC) wants to let Wall Street’s official shareholder records move onchain while keeping regulated transfer agents in control. On Sept. 1, the financial regulator proposed its first major overhaul of transfer-agent rules since regulations were adopted in the late 1970s and early 1980s, explicitly allowing blockchain or other distributed-ledger technology to serve as a company’s master securityholder file, or part of it. That would bring tokenized securities deeper into the machinery that determines who legally owns shares, rather than limiting blockchain to a parallel record or digital representation. One recordkeeping transfer agent would still…

The trading volume for RWA perpetuals on tradeXYZ has rebounded to approximately $2.6 billion, matching levels observed during May and June. This resurgence is significant as it suggests renewed interest in real-world assets from institutional investors. According to a recent tweet from @tokenterminal, this volume is still about 71% below the all-time high of $8.9 billion recorded in late July, indicating a potential for growth in this segment. source The Story So Far The broader crypto market is currently experiencing mixed signals, but the resurgence of trading volume for RWA perpetuals suggests a notable shift in institutional interest. This return…

Monad is making waves today with the launch of its x402 platform, which allows users to pull critical trading data such as wallet PnL and DEX trades without the need for accounts or API keys. This innovation was highlighted by crypto commentator @nansen_ai, showcasing Monad’s commitment to enhancing user accessibility. The x402 platform could significantly boost user engagement in Monad’s ecosystem, making it easier for traders to analyze their positions and market conditions. What Happened The broader crypto market currently exhibits mixed signals, with major assets showing varying momentum. Monad’s x402 tool is timely, given the increasing interest in accessible…

Bitcoin [$BTC], the largest cryptocurrency by market capitalization at $1.35 trillion, has moved through one of the most unprofitable stretches in its history. Notably, $BTC’s slump has now extended across three separate quarters and two calendar years. That performance has broken away from the equities market over the same window, leaving a wide band of investors holding positions below their entry price. One relationship has held through the divergence, that of the $4.8 trillion technology giant Apple [AAPL]. Bitcoin-AAPL ratio could frame the next cycle A chart from Alphractal plotting Bitcoin against AAPL shares has surfaced a correlation that traders…

Aave’s new savings app has entered early access, allowing users to bypass the waitlist. This announcement, shared by the official Aave account on Twitter, has sparked significant interest among the DeFi community. With the potential for increased user adoption, Aave aims to strengthen its position in the growing decentralized finance landscape. You can view the full announcement here. The Latest Currently, the broader crypto market exhibits mixed signals, reflecting varying momentum across major assets. Amid this fluctuating environment, Aave’s early access launch for its savings app signifies a proactive step in attracting users. The app promises to enhance user engagement…

Leading cryptocurrency Bitcoin is trading below the $80,000 level, influenced by upcoming US inflation data and increasing expectations of a Fed interest rate hike. Altcoins are showing mixed performance, while Ethereum is moving sideways around the $2,480 level. However, BitMine President Tom Lee stated that Ethereum has significant upside potential, listing four key catalysts that could support the $ETH price. In a recent interview, Lee stated that the price of $ETH could reach approximately $6,000. The First Catalyst: “CLARITY Act” The first development Lee highlighted was the CLARITY Act, the most important law expected to clarify the regulatory framework for…

Hargreaves Lansdown, the U.K.’s largest retail investment platform with two million investors, has begun offering nine bitcoin and ether exchange-traded notes (ETNs), reversing course less than a year after warning clients against crypto investments. The firm’s new listings include products from BlackRock’s iShares, CoinShares, WisdomTree, 21Shares, Invesco and Bitwise, with annual fees ranging from 0% to 0.35%, it announced on Thursday. The move comes less than a year after the platform warned retail investors against investing in cryptocurrencies and 11 months after the U.K. financial watchdog lifted its four-year ban on crypto ETNs for retail investors. The Bristol-based firm said…