Author: NBTC

Trader Joe (JOE), a decentralized trading platform operating on the Avalanche network, has quickly emerged as a significant player in the world of decentralized finance (DeFi). Designed to integrate various financial services, the platform combines decentralized exchange (DEX) functionalities with lending options, allowing users to engage in leveraged trading. The initiative aims to reflect the growing prominence of the Avalanche blockchain and cater to a global audience engaging with DeFi. Contents hide 1 What Is JOE Coin and Its Features? 2 How Can Users Purchase JOE Coin? What Is JOE Coin and Its Features? Since its inception, Trader Joe has…

The Ethereum Foundation’s lead recently sparked debate with their statements about the skyrocketing valuations of ERC20s, NFTs and meme coins. The Péter Szilágyi suggested that while experimentation in the crypto space is valuable, these assets reaching high valuations is problematic. According to their view, such extreme valuations, especially for projects with little to no inherent utility, are unsustainable. They argued that at some point, someone will extract the value from these overinflated assets, potentially damaging the broader ecosystem. Essentially, they are advocating for a more cautious approach toward the meme-driven side of crypto and the public figures promoting them. The…

Investor Luke Gromen is forecasting a breakdown in the dollar over time due to an increasingly unfavorable fiscal situation in the United States. In a new interview on the Trader’s Edge podcast, Gromen says the Federal Reserve is essentially “stuck” with low interest rates due to the inability of the US government to afford to service its debt with a higher Fed funds rate. Gromen says the Fed is being forced to cut rates not because inflation and the economy have cooled down, but because the US government’s financial situation is now so bad that it “requires” low rates. The…

Hamster Kombat has finally done the Token Generation Event and has started distributing the Airdrop. Around 75% of the total supply will be airdropped to the community. The Ton network has asked the validators to stay on high alert as this airdrop can cause the blockchain to clog just like during DOGS airdrop. As many hours have passed during the Airdrop, let’s find out what is happening in the Hamster Kombat market. Token Distribution and Exchange Listings According to the data from Tonviewer, Binance has received the highest $HMSTR token inflow. At the time of writing, it holds 18.08% supply…

Over the past year, Bitcoin has evolved at an unprecedented pace. A so-called “Bitcoin Renaissance” has ushered in NFTs, token standards, staking, and dozens of new scaling solutions and “Layer 2s” built upon the oldest, most popular blockchain. In fact, while Bitcoin’s recent price action has been volatile, developers say the network’s biggest stories are unfolding under the hood—and that its most exciting times are likely just months away. Here’s a look at five projects that are redefining what’s possible on Bitcoin. 1. BitcoinOS BitcoinOS said it was the first project to verify a zero-knowledge proof on Bitcoin in July.…

Bitget Wallet, a premier non-custodial Web3 service provider, has partnered with 1inch, a well-known DEX aggregator. This partnership is designed to improve the Bitget Wallet’s Swap function so that users can fully enjoy decentralized trading and benefit from an easy access to the best prices. 1inch, known for its advanced routing algorithms, will allow Bitget Wallet users to trade with minimal rates. Enhanced Swap Features and Growing Adoption In the third quarter of 2024, Bitget Wallet saw impressive growth, with Swap activity surging by 125%. Besides, dApp activities increased by 128%, and token transfers jumped by 175%, reflecting the platform’s…

Ethereum price today:$2,600 Ethereum price finds support around its 50-day EMA at $2,538, suggesting a possible rally ahead. On Tuesday, US spot Ethereum ETFs recorded a mild outflow of $12.70 million. Lookonchain data and Sentiments Network Realized Profit/Loss show some investors are booking profits. Ethereum (ETH) edges higher again on Wednesday after retracing and testing its crucial support level the prior day. Supporting Tuesday’s retracement, US spot Ethereum Exchange Traded Funds (ETFs) recorded a mild outflow on the day, followed by some investors booking profits, as shown by Lookonchain data and the Sentiments Network Realized Profit/Loss metric. Ethereum investors selling…

Fed Governor Christopher Waller recently addressed key economic issues such as inflation trends, the labor market and future monetary policy adjustments. Waller emphasized the FED’s cautious stance in monitoring inflation data, stating that the recent rise resembled a “roller coaster” and that the central bank was evaluating whether this rise would continue. Waller also shared his outlook for the labor market, predicting a slowdown in employment growth and a gradual increase in the unemployment rate. However, he reassured that the unemployment rate would remain at historically low levels. He described the current labor market as “very healthy” with supply and…

Crypto analyst Atlas has pointed to ten altcoins that have been redundant and are expected to lag in the coming bull run. During a bull cycle, literally every coin in the crypto market increases in price. Notably, cryptocurrencies grow in different proportions, with some outperforming others on the premise of trending narratives, adoption, and utility. However, some crypto assets have been redundant, providing little or no profit for investors. Market speculator Atlas has listed ten coins that have underperformed recently and should be avoided during this bull cycle. He divided these assets into three categories: those with outdated technologies, irrelevant…

Concerns expressed by the cryptocurrency community regarding Coinbase’s handling of Bitcoin ETFs have been addressed by Coinbase CEO Brian Armstrong. Justin Sun’s tweet, which expressed doubt about centralized Bitcoin exchange-traded funds (ETFs) on the grounds that they do not have proof of reserve and can freeze anyone’s balance at any time, sparked this conversation. How Coinbase manages ETFs Armstrong responded by utilizing the occasion to explain Coinbase’s stance and its approach to managing ETF-related activities. He gave the community confidence by saying that all of Coinbase’s ETF minting and burning operations are finally settled on-chain, guaranteeing security and transparency. Baldilocks…