Author: NBTC

Core has recently integrated the Davos Protocol, the platform behind inflation-proof DUSD stablecoin, into its ecosystem. With this collaboration, users in the Core Ecosystem can use DUSD for liquid staking and earn yield. Also, users can use ETH and BTC reward-bearing assets (like LSTs and LRTs) as collateral to mint DUSD. .@Davos_Protocol is now live on Core 🔶Davos is a unique CDP protocol that lets users use ETH and BTC reward-bearing assets (like LSTs and LRTs) as collateral to mint DUSD. pic.twitter.com/mmkhKZi0RL — Core Ecosystem (@CoreEcosystem) September 12, 2024 Core is the first Bitcoin-aligned EVM-compatible Layer-1 blockchain, designed to be…

Stablecoins are having a moment, that much is clear. As the rest of crypto trades sideways, the market capitalization of stablecoins has steadily increased. It sits now at $170 million, per rwa.xzy, though there has been a slight dip over the past few days. Castle Island Ventures, alongside Artemis, Visa and Brevan Howard Digital made a new survey that looks into the prevalence of stablecoins in certain emerging markets. The survey looked into roughly 2,500 crypto users in Nigeria, India, Turkey, Indonesia and Brazil. “Our survey results contradict the common belief that stablecoins are exclusively used as a tool for…

Binance has integrated token unlocking and vesting data into its platform in a team-up with price resource CoinMarketCap, in a move that could change the way everyday crypto traders evaluate tokens on the world’s top cryptocurrency exchange by volume. Binance acquired CoinMarketCap in April 2020, although the two entities have operated independently. Token vesting is the process of gradually distributing, or unlocking, a virtual token for stakeholders such as investors and creators over a predetermined time period. When crypto projects like blockchains and gaming projects launch a token, they typically lock up certain token allocations for years to come, in…

Sui wallets are no longer simple tools; they include dApps and connect CeFi with DeFi. The suite is aimed at ecosystem integration while Ethos is about linking finance systems, Sui Wallet emphasizes reliability, Surf is centered on Web3 creativity, and Nightly is advanced security. The availability of so many types of wallets serves a variety of users which indicates the development of the Sui ecosystem. As the Sui blockchain is gradually integrated into the decentralized finance (DeFi) space, the need for wallets has grown stronger and more urgent. This article discusses five splendid Sui wallets that are changing the way…

Bitcoin experienced a significant downturn on Monday, sending shockwaves through the digital asset space and prompting analysts to reassess trading strategies. This bloodbath resulted from a complex interplay of factors, including the unwinding of the Japanese Yen carry trade, macroeconomic concerns, and substantial selling pressure from key market players. Despite the downturn, there are signs that Bitcoin is stabilizing and potentially recovering. At the time of writing, Bitcoin is changing hands for $54,803.07 after having bounced back 10% compared to this time yesterday, according to CoinGecko. But analysts still advise caution. According to research firm 10x Research, financial markets are…

Sky, the decentralized finance lender formerly known as MakerDAO, will vote on fully ditching wrapped bitcoin (wBTC) from its ecosystem, according to a Thursday governance post, potentially a major development in DeFi since the platform has $200 million of loans collateralized by the token. WBTC is a token that allows investors to use bitcoin (BTC) on other blockchains, and plays a key role in lending DeFi as collateral, with a $9 billion market capitalization. DeFi risk management firm BA Labs, an influential voice in the Sky protocol’s governance, previously had proposed to reduce exposure to wBTC, due to perceived risks…

BlackRock stands alone in ETH acquisition, holding 336,058 Ethereum valued at $763.95M. While other ETFs see $480M outflows, BlackRock bucks trend with substantial ETH buy. BlackRock’s unique strategy: Only major ETF to increase Ethereum holdings amidst market withdrawals. BlackRock has shown a notable increase in Ethereum holdings despite declining interest in Ethereum-based exchange-traded funds (ETFs). According to the latest data from Arkham Intelligence, the global financial giant currently owns an impressive total of 336,058 Ethereum (ETH), worth around $763.95 million. This strategic accumulation occurs as other major ETFs witness substantial outflows, with nearly $480 million departing from Ethereum ETFs within…

A new wallet has been identified by Arkham Intelligence, pointing to a mining operation linked to Celsius Network. Ionic Digital was created to contain and operate the mining business of now-bankrupt Celsius. Arkham Intelligence is now tracking a mining entity, holding and running the former mining business of Celsius Network. Celsius shut down its last mobile access in early 2024, after filing for Chapter 11 bankruptcy for its failed crypto lending business. From January onward, Celsius also started redistributing funds to its creditors. Celsius Network itself still carries known wallets, now containing more than $11.8M in various tokens. Celsius was…

Here’s how weird the world of meme coins on Solana has become. Meet Trevv, a young man from California, just 19 years of age, with no prior experience in crypto. (He asked us to withhold his full name.) Trevv’s a drug addict—mostly fentanyl, but also dabbles in coke, heroin, and other substances. He’s got a small following of 2,000 people on Instagram, where he mostly posts goofy videos of himself for attention. He’s now the latest livestreaming “meme coin dev” to have gone viral—his brief moment in the crypto spotlight beginning with him feeling scammed, he says. Trevv claims he…

Despite declining crypto prices last month, centralized exchange volumes saw an uptick in activity. Data from centralized crypto exchanges showed a 30% month-on-month increase in August, even as Bitcoin (BTC) and other digital assets experienced a historical downtrend. August and September are typically bearish months for crypto, but lower prices do not necessarily mean reduced trading activity, as the data confirms. Binance and Bybit led the major centralized exchange (CEX) pack, with increases of 35% and 41%, respectively. However, KuCoin, Crypto.com, and MEXC outperformed the larger platforms. Crypto spot trading volumes on these three platforms increased by 171%, 79%, and…