Author: NBTC
Howdy! Death, taxes, and the Kansas City Chiefs getting extremely lucky at the end of football games. When will it end? It’s day two of the NFL season and I’m already resigned to my Buffalo Bills bowing out to Patrick Mahomes in the playoffs yet again. At least I have all our newsletter subscribers to keep me company: Kamino is Solana’s home for liquidity incentives PayPal’s PYUSD stablecoin has recently seen rapid growth on Solana. Much of the growth has been driven by Kamino, a newer DeFi platform where the majority of this activity is happening. Kamino, a borrow-lend protocol…
A Solana meme coin dev created a token on Pump.fun and airdropped 20% of the supply to 10 Crypto Twitter influencers. But within just a couple of days, most influencers dumped what they’d been sent. The project branded itself as the “biggest social experiment on Solana,” airdropping approximately $10,000 worth of its CABAL token to notable figures in the scene. The term cabal refers to a secret political faction, and it’s often been used in the world of crypto to refer to insiders that collaborate to promote specific tokens. By sending a chunk of tokens to influencers, the project said…
New York State Attorney General Letitia James has joined a regulatory offensive against cryptocurrency trading platform Uniswap, according to internal communications regarding the NYAG subpoenas seen by CoinDesk and two people who are familiar with the situation. Over the course of last month, subpoenas from James’ office were sent to some venture capital firms that have invested in decentralized-finance giant Uniswap, including Andreessen Horowitz (widely known as a16z) and Union Square Ventures, the two sources said. A spokesperson for Uniswap said via email: “Uniswap Labs is a proud ‘Made in New York’ pioneer of DeFi technology, which offers a path…
PayPal is expanding its reach into US point-of-sale payments by integrating its debit card with Apple’s mobile wallet and offering 5% cashback rewards. This move aims to position PayPal directly against tech companies and banks. Under the leadership of new CEO Alex Chriss, who joined from Intuit last year, PayPal is shifting focus from its traditional online and peer-to-peer payment services to in-person transactions. The company’s debit card now provides 5% cash back on selected purchases, with a limit of $1,000 per month. Additional rewards are available through partnerships with brands like DoorDash and Sephora. “E-commerce has obviously been one…
Record Increase in Bitcoin Purchases in Argentina Amid Price Drop, Surpassing Previous Peak by 33%. Monday Recorded the Highest Daily Volume of Bitcoin Purchases in Argentina for 2024, According to Lemon Exchange. While global markets show a retreat in Bitcoin purchases amid price drops, Argentina is charting a different course. According to Lemon, a prominent Argentine crypto exchange, the nation witnessed its highest daily Bitcoin purchase volume of 2024 this Monday. This surge in purchases came as Bitcoin’s price fell sharply from $58,000 to $49,000—a level not seen in six months, marking a more than 15% decrease within a single…
zkSync Era, a prominent Ethereum-focused layer 2 scaling solution, keeps on getting traction, particularly within the DeFi ecosystem. Top 7 ICO, a well-known crypto analytics platform, has recently shared the list of the chief ten zkSync Era-based protocols in line with their total value locked, including SyncSwap, Uniswap, Koi Finance, zkSwap, PancakeSwap, and so on. Top 10 Protocols on zkSync Era by Total Value LockedLet’s compare the top 10 DeFi-protocols on @zksync #L2 by current TVL in USD, according to @DefiLlama, in order to evaluate networks adoption scale. With over $23M in TVL, @syncswap is the leader by locked liquidity,…
Ethereum (ETH) slipped to $2.4K, plummeting by 2% over the past 24 hours. ETH continues to stay in the fear zone, as the index value is noted at 30. Ethereum’s price oscillation in August has left traders anxious due to eminent volatility. With the influx of September, anticipation of ETH price recovery is high. Several crypto analysts believe the ETH price below $2.6K may not show remarkable upside momentum in the near term. The largest altcoin witnessed a price drop of 2% in the past 24 hours. This decline is reflected in the price, which is currently trading at $2,436.…
Cardano’s latest upgrade, slated for September 1, will introduce significant changes to its network, particularly its on-chain governance mechanisms. The upgrade, named “Chang hard fork,” will allow users to participate directly in decision-making processes. The magic of deadlines is that people who aren’t taking upgrades seriously suddenly say damn we got to get moving. When they get moving, we converge quickly. It looks like Binance and a few others need more time to get their houses in order, so the rocket is going to wait on… — Charles Hoskinson (@IOHK_Charles) August 23, 2024 The Chang hard fork update reflects the…
As the financial world adjusts to the recent launch of spot Ethereum ETFs, investors are turning their attention to the next potential milestone in cryptocurrency products: spot Bitcoin ETF options. According to leading analysts, these options could come to market earlier than expected, with a 70% chance of being available before 2025. Bitcoin ETF options would allow investors to buy or sell Bitcoin at a predetermined price on a specific date, offering a simplified process similar to call options for stocks. This would eliminate the need for investors to navigate crypto-specific platforms like Bybit and expand access to the burgeoning…
On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion, ether’s market dynamics remain under pressure as it consolidates within a broader downtrend. Ethereum Ethereum’s recent price action, as analyzed across the 1-hour, 4-hour, and daily charts, indicates a persistent downtrend that began in late July. The daily chart reveals a steady decline followed by consolidation in the $2,500 to $2,600 range. Notably,…