Author: NBTC

Liquid staking protocol Kinetiq, which has been operational for about 24 hours, is now the second-largest DeFi project on DEX Hyperliquid’s Layer 1, HyperEVM, by total value locked. The highly anticipated protocol launched yesterday afternoon, and has attracted over $460 million in capital across just 2,800 holders, for an average stake of $164,280, or roughly 3,400 HYPE, per wallet, according to data from Kinetiq’s website. Other top DeFi protocols in the Hyperliquid ecosystem, such as Hyperlend, Felix Protocol, and Hyperbeat, immediately integrated Kinetiq’s liquid staking token (LST), kHYPE, offering vaults and solutions with incentivized yield and points to attract the…

Bitcoin (BTC) made a major push at the beginning of the week, surpassing $123,000 and breaking a new record. While this rise had limited impact on altcoins, Ethereum (ETH) and other altcoins began to surge as profit-taking began in BTC. Ethereum Goes on the Attack! At this point, Ethereum reclaimed the $3,000 level for the first time since February 1st and reached a 5-month high of $3,150. Analytics firm Swissblock said that one of the key drivers behind Ethereum’s rise is the capital rotation from Bitcoin. Analysts noted that Bitcoin’s previous four bullish waves this year lasted between 15 and…

Ethena Labs reached $290.2 million in total protocol revenue on July 9, trailing only Tether, Circle, and Sky among stablecoin issuers. Token Terminal data show that the stablecoin issuer reached $100 million in cumulative revenue 251 days after its launch, making it the second-fastest protocol to cross this threshold. Daily fees averaged $3.1 million during the past month as traders continued to mint and hedge the synthetic-dollar token USDe. Ethena’s path to nine-figure revenue took 251 days, faster than Uniswap’s 980-day sprint in 2020 but slower than memecoin launchpad Pump.fun, which hit the mark in 217 days late last year.…

Chainlink officially integrated with Botanix as the Bitcoin-based Layer 2 network launched on mainnet, bringing its full suite of tools—CCIP, Data Feeds, and Data Streams—live from day one. The Cross-Chain Interoperability Protocol (CCIP) is now the official interoperability layer of Botanix. This means developers can securely move tokens and instructions between blockchains using a protocol battle-tested in the most high-value DeFi applications. Botanix (@BotanixLabs), a decentralized Bitcoin layer 2 and Chainlink Scale member, has launched on mainnet with Chainlink CCIP serving as its canonical cross-chain infrastructure from day one.In addition, Chainlink Data Streams and Data Feeds are also live on…

Bitcoin’s open interest rose to $80.91 billion, an all-time high for the metric, suggesting that leverage is driving the latest rally. Bitcoin’s (BTC) rally to its all-time high of $111,970 was likely fueled by leverage. On Thursday, May 22, open interest on Bitcoin futures across crypto exchanges reached $80.91 billion, the highest level ever recorded. Exchange BTC futures open interest | Source: CoinGlass On Binance, the largest exchange by volume of derivative contracts, open interest climbed to $13.60 billion. This is the highest level the metric has reached since December 2024. At the same time, the rally contributed to a…

Liquid Collective’s launch of Liquid Staked SOL (LsSOL) marks a significant milestone in institutional crypto adoption, bridging liquidity and staking rewards on the Solana network. This innovative solution enables institutions to maintain capital flexibility while earning staking yields, addressing long-standing challenges in Solana’s staking ecosystem. According to COINOTAG, partnerships with Coinbase, Kraken, Galaxy, Anchorage Digital, and Fireblocks are pivotal in establishing a secure and compliant infrastructure for institutional investors. Discover how Liquid Collective’s LsSOL enhances institutional Solana staking by combining liquidity, security, and compliance to drive mainstream crypto adoption. Liquid Collective Introduces LsSOL: Revolutionizing Institutional Staking on Solana Liquid Collective,…

Crypto cards, once seen as a niche innovation, are now significantly influencing everyday financial decisions, with the market expected to reach $152.2 billion by 2031. Demographics Driving the Shift Crypto cards, once considered a niche innovation, now shape everyday financial choices, with the market projected to reach $152.2 billion by 2031. These cards are used for everything from online purchases to daily payments and are reportedly used by nearly one in 10 Americans, and an even higher proportion of users in Brazil, Portugal and Slovenia. According to a Nexo European Economic Area (EEA) card report, Gen Z, millennials and high-net-worth…

U.S. stocks ended mixed Thursday as markets digested the House’s narrow approval of President Trump’s massive tax-and-spending package. The S&P 500 dipped 0.04%, the Dow Jones Industrial Average was flat, and the Nasdaq Composite rose 0.28%. The legislation—projected by the Congressional Budget Office to add nearly $4 trillion to the federal deficit—includes sweeping tax cuts and increased military spending. It passed the House by a single vote after last-minute revisions, including expanded deductions for state and local taxes, aimed at swaying conservative lawmakers. The bill now heads to the Senate. Another spike in Treasury yields tempered investor sentiment. The 30-year…

Ethereum’s native token ether (ETH), is gaining ground against bitcoin , as the impending GENUIS Act is likely to ban yield-bearing stablecoins that promise interest-like returns, according to Markus Thielen, founder of 10x Research.The Binance-listed ether-bitcoin ratio, representing ether’s BTC-denominated price, rose over 5.96% to 0.02670 on Tuesday, registering its best performance since May 13, according to data source TradingView. The upswing marked a bullish resolution to the multi-week range play and suggests continued ether outperformance ahead. Ether’s dollar-denominated price rose over 4%, topping $3,100 for the first time since February. According to Markus Thielen, founder of 10x Research, the…

This week, the real-world asset (RWA) sector crossed the $25 billion threshold, carving out a fresh milestone in the annals of finance. On top of that, the total number of asset holders has soared to 293,006—marking a jump of over 72% in just 30 days. Tokenized Assets Continue to See Massive Growth As of Thursday, July 10, 2025, the value of tokenized real-world assets (RWAs) has climbed past $25 billion. That’s a 7.23% increase since June 10. Right now, private credit claims the top spot in onchain value. A hefty $14.73 billion is parked in blockchain-verified private credit offerings from…