Author: NBTC
Solana is once again capturing the attention of the crypto community by surpassing Ethereum in weekly decentralized exchange (DEX) volume. The latest on-chain data shows that Solana’s DEX volume has surged by over 45.74% in the past week, with $7.87 billion processed during this time. Moreover, the data indicates that Solana processed $1.116 billion in DEX volume over the last 24 hours, a figure it has maintained consistently since September 27. On September 26, the DEX volume for that day reached a monthly high of $1.34 billion. Solana DEX weekly record This signals a renewed momentum for the Solana blockchain,…
Visa has launched the Visa Tokenized Asset Platform (VTAP), which allows banks to create tokens collateralized by cryptocurrencies that can be deployed on the Ethereum blockchain. The goal is to facilitate the tokenization of assets for financing bodies. VTAP allows banks to generate and manage digital tokens under regulatory guidelines, making transactions faster. Visa’s new Tokenized Asset Platform (VTAP) empowers banks to issue fiat-backed tokens on #Ethereum, streamlining asset tokenization. Curious how this could help the market grow toward its projected $16 trillion potential? Read more on #TokenFi’s blog! 📰👇… pic.twitter.com/DGDW7AbzNA — TokenFi (@tokenfi) September 29, 2024 The market size…
Michael Saylor, Bitcoin enthusiast and cofounder of MicroStrategy, has posted a 2-minute, 25-second animated video clip on X. The clip “Take Me to the Moon. #Bitcoin” provides insight into Saylor’s mind and his approach to digital assets. Has Saylor released Bitcoin anthem? The video, which features a band of four known as the Maxis, sang an adapted rendition of Frank Sinatra’s “Fly Me to the Moon” song. Notably, the song lauded the decentralized qualities of Bitcoin, describing it as a bank in cyberspace. It also emphasizes the point that any central bank cannot debase Bitcoin. The band describes Bitcoin as…
On Sept. 30, 2024, ethereum’s price showed consolidation near $2,630 after testing key support and resistance levels. The market exhibits mixed momentum, as oscillators point to neutrality while moving averages provide conflicting signals. Traders are closely watching whether the second leading crypto asset will break through resistance or test lower support zones, given the current indecision. Ethereum Ethereum’s 1-hour chart highlights recent price fluctuations, with the asset attempting to hold steady at around $2,630. After a drop to $2,591, buying volume spiked, reinforcing this level as significant short-term support. Despite the rebound, the current price action is marked by lower…
Amid the growing popularity of yield stablecoins like those developed by Blast, Ethena, Mountain Protocol, Paxos, and the recently launched Gyroscope “savings gyd” (SGYD), a new player has entered the market. On Wednesday, Elixir, a modular DPoS network with 13,563 validators, launched DEUSD, a yield crypto token pegged to the US dollar similar to Ethena’s USDE. DEUSD is a fully-collateralized synthetic dollar backed by the Elixir network. It is minted using STETH and SDAI, with the escrowed collateral used to short ETH, thereby establishing a delta-neutral position. The Elixir team claims that DEUSD achieves greater decentralization than its competitors by…
When Binance CEO Richard Teng took over from his predecessor Changpeng “CZ” Zhao in November, he knew he was stepping into some big shoes. But the newly appointed executive of the world’s largest crypto exchange by daily trading volume said he never intended to be the next CZ—at least insofar as trying to match one of crypto’s biggest personalities. “I don’t think I will be able to fill those gigantic shoes,” Teng told Decrypt in an interview. “It was never the intention.” In fact, Teng, who is believed to be 54 or 55, hopes to leave his mark on Binance…
Axie Infinity has announced significant progress in the development of decentralized applications (dApps) with the integration of Chainlink Data Streams, which provides low-latency off-chain distribution of AXS market data that can be verified on-chain. This interface is designed to provide dApps with high-frequency, real-time market data, enabling efficient access to critical information. The integration of Chainlink Data Streams brings together two critical components of the dApp ecosystem. The first is the Low-Latency Market Data feature, which provides a constant stream of real-time market data accessible off-chain. This means that dApps and users can get the most up-to-date information when they…
Bitcoin price retested the important resistance level at $65,000, driven by ongoing accumulation by whales and sharks and strong technicals. Bitcoin (BTC) has entered a technical bull market after rising over 21% from its lowest level this month. According to Santiment, this price action has been largely fueled by increased accumulation by whales and sharks. 🐳📈 Bitcoin has officially reached a $65K market value for the first time since August 1st. Continued whale and shark accumulation has undeniably been a factor, preventing BTC from seeing sustained drops. $4.08B in BTC has been accumulated by 10+ BTC wallets in 6 months.…
Ethereum co-founder Vitalik Buterin, whose every move is talked about, is on the agenda again with his ETH sale. According to the latest on-chain data released by Spot on Chain, Vitalik Buterin continues to sell ETH. At this point, the ETH price, which has shown great strength over the past week, has corrected by more than 2% and is facing selling pressure at $2,700. Accordingly, the wallet “0x556” associated with Vitalik Buterin deposited 649 ETH (worth $1.72 million) to Paxos in the last 24 hours. On September 19, the same wallet received 1,300 ETH (worth $3.21 million) from “0xd04,” another…
With the November elections approaching, both Democrats and Republicans are turning their attention to the crypto market. Expectations are high that crypto enthusiasts will play a crucial role as a decisive voter bloc in the upcoming elections. Inspired by Kamala Harris, the meme coin Kamala Horris (KAMA) surged significantly today. This article delves into the burgeoning relationship between politics and cryptocurrency, examining how digital currencies are influencing the electoral landscape. Crypto Leaders Engage with Democrats The Democrat party recently held a meeting with prominent crypto leaders, sparking intense discussions and reactions. Top figures such as Mark Cuban, Anthony Scaramucci, and…