Author: NBTC

Ethereum has become the top blockchain for Decentralized Physical Infrastructure Networks (DePIN) projects. More than half (57.5%) of all DePIN projects launch on Ethereum, highlighting its dominance in this growing sector. Ethereum’s established infrastructure and widespread use of smart contracts makes it the go-to option for DePIN projects. This also gives developers a reliable and familiar platform for building decentralized physical infrastructure networks. 🛠️ Ethereum leads the DePIN charge. 57.5% of DePIN projects are launching on Ethereum, with other chains like Solana, Binance, and Cosmos also making waves.EVM chains are dominating the landscape.💡 Which blockchain do you think is best…

Demand for Ripple’s XRP in the United States has surged to its highest level in four years, reaching figures last seen before the Securities and Exchange Commission (SEC) alleged the token was a security in 2020. Data from Kaiko shows that XRP’s trading volume on US centralized exchanges has jumped to 14% of global XRP volume, up from less than 2% a year ago. This marks a return to pre-SEC lawsuit levels when the digital asset ranked among the top three digital assets by market capitalization. Amid the protracted legal battle with the SEC, XRP saw a drastic decline in…

Gurbir Grewal, the U.S. Securities and Exchange Commission’s (SEC) director of enforcement, is stepping down and departing the agency, according to a Wednesday press release. Grewal’s last day will be Oct. 11. Sanjay Wadhwa, Grewal’s deputy director of enforcement, will step in as acting director of the SEC’s enforcement division after Grewal’s departure. Sam Waldon, who is currently the chief counsel for the enforcement division, will be named acting deputy director. “We have been incredibly fortunate that such an accomplished public servant, Gurbir Grewal, came to the SEC to lead the Division of Enforcement for the last three years,” SEC…

Global liquidity has dropped to its lowest level since 2020, impacting traditional markets. Analysts suggest Bitcoin’s rise reflects growing investor confidence during economic uncertainty. Financial experts predict Bitcoin could reach $500,000 by 2025, with a potential $1 million by 2030. As global central banks pull back liquidity at a record pace, Bitcoin seems to be emerging as a safer haven for investors. The renowned financial analyst, The Kobeissi Letter, recently highlighted the shrinking liquidity in the financial system, with central bank balance sheets dropping to levels not seen since 2020. In this environment of tightening money, cryptocurrency has thrived in…

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…