Author: NBTC
Tether (USDT), the world’s largest stablecoin issuer, has announced a remarkable profit of $5.2 billion for the first half of the year; market indicators suggest this could be bullish for Bitcoin’s short-term price action and long-term prospects. Tether Posts Record-Breaking H1 2024 Performance On July 31, 2024, Tether released an official attestation reports showing a record-Breaking $5.2 billion gains for H1 2024. This remarkable H1 performance includes a substantial $1.3 billion in net operating profits generated during the second quarter alone. In an impressive display of financial acumen, Tether’s ownership of U.S. Treasuries has surged to unprecedented levels. The firm’s…
Deus X Capital today launched decentralized finance business Solstice Labs. The company’s first project will be a protocol that offers all investors enhanced yield opportunities. The protocol will be built on the Solana ecosystem and is expected to go live in early 2025. Deus X Capital, the $1 billion investment and operating company led by Tim Grant, today launched Solstice Labs, a decentralized finance (DeFi) business, the company said in a press release on Friday. Solstice Labs is building institutional-grade DeFi products and protocols that will be available to all investors, the company said. The business’ first project is a…
Balanced introduces cross-chain DeFi solutions on Avalanche, eliminating the need for bridging or wrapping assets. Avalanche’s partnership with the California DMV modernizes car title transfers by digitizing 42 million titles using blockchain. Avalanche announced that Balanced brings additional cross-chain potential to the ecosystem with native DeFi solutions that eliminate the requirement for bridging and wrapping. The announcement highlighted the arrival of billions of USD in cross-chain loans on Avalanche, which represents a significant milestone for the platform and its consumers. Balanced brings new cross-chain opportunities to the ecosystem with native DeFi solutions that can remove the need for bridging or…
Economist and writer Peter Brandt, who stated that he has been trading in the stock market as a trader since 1975, warned investors about Bitcoin in his latest statement. The analyst, who has 50 years of experience, pointed out that the Bitcoin price showed a downward trend after the ATH in March, creating lower bottoms and lower peaks. Implying that consecutive lower highs reflect a bearish trend, Brandt warned that the decline in Bitcoin may continue. Because Bitcoin, which reached a new ATH of close to $ 74,000 in March, failed to exceed this level in the following months. Famous…
Ondo Finance’s tokenized treasures reach new heights with a market value exceeding $2.2 Billion. Ondo Finance is a decentralized finance (DeFi) platform that provides structural financial products and services. It uses blockchain technology to make managing treasuries more efficient, transparent, and profitable for organizations. Tokenized treasuries have been one of the fastest-growing RWA segments, with the market expanding over 100% this year—from $770M to $2.2B.At Ondo Finance, we’re proud to lead this growth, and anticipate even greater adoption ahead as more users embrace tokenized treasuries.… https://t.co/MIzzBpg1bj — Ondo Finance (@OndoFinance) September 19, 2024 Ondo Finance helps an organization convert its…
Intersect, the organization overseeing the Cardano blockchain’s development, issued an urgent call for decentralized application projects on the blockchain to hasten their preparations for Chang Upgrade #1. According to an Aug. 17 statement by Intersect shared with crypto.news, more than 80% of stake pool operators on Cardano (ADA) have already moved to the latest validator node, 9.1.0. However, crypto exchanges and decentralized apps on the blockchain also need to upgrade to node 9.1.0 and report their progress. In its statement, the organization said that the success of the upgrade depended on exchanges meeting a target of 85% liquidity on the…
As Bitcoin’s price experienced a dip near the $64,000 mark, Michael Saylor, the chairman and cofounder of MicroStrategy, took to X to share his steadfast support for the leading cryptocurrency. Crypto prices fell after the Fed announced on Wednesday that interest rates would remain steady. At the end of its July meeting, the Fed left benchmark interest rates unchanged and provided little indication that a much-anticipated rate decrease in September was guaranteed. Fed Chair Jerome Powell noted that, while no decisions have been made regarding a September decrease, the “broad sense is that we’re moving closer” to an interest rate…
Renzo and Jito have teamed up to introduce ezUSDC, a novel asset on Solana‘s decentralized finance (DeFi) landscape. This venture aims to integrate USDC as a stable collateral for staking, enhancing the reliability of Node Consensus Networks (NCNs) on the blockchain. By doing so, ezUSDC is anticipated to provide a steady alternative to more volatile assets. As a restaked liquid token, ezUSDC is set to widen the scope of secure operations within DeFi protocols. Contents hide 1 How Does USDC Benefit Solana? 2 Why Is ezUSDC Important for NCNs? How Does USDC Benefit Solana? USDC, a dominant stablecoin on Solana,…
Solana (SOL) price is displaying an unusual growth trend after falling as low as $137 earlier in the week. The coin is undergoing a unique price rebound despite a major network concern involving its DEX aggregator, Jupiter. Solana Price, Jupiter and the Network Glitch Scare As first brought to the community by X user @ItsDave_ADA, the Jupiter platform stopped processing transactions for hours. Thus far, he claimed that about 81.36% of all transactions on Jupiter are failing to process. This issue is particularly profound with the Jupiter Aggregator v6 engine. The Solscan data shows that hundreds of transactions fail to…
Bitcoin has experienced enormous growth in the past fifteen years since its inception, and with that has come numerous monumental shifts in the culture of the overall ecosystem, as well as the smaller individual communities that make it up. This is obviously something to be expected as the network grew from a tiny niche thing in the corner of the internet to a global phenomenon now becoming a serious political issue all across the world. Bitcoin is no longer a tiny niche thing in the corner, or a toy that only a few autistic nerds are tinkering with, it is…