Author: NBTC
Ondo Finance and Arbitrum Foundation have announced the launch of Ondo U.S. Dollar Yield on Arbitrum. In an announcement shared with crypto.news on Aug. 27, Ondo Finance (ONDO) and Arbitrum (ARB) stated that the tokenized note USDY had launched on the Ethereum layer-2 scaling solution. The Ondo U.S. Dollar Yield is a yield-bearing asset secured by short-term U.S. Treasuries, currently accounting for $347 million in market value. Per data from RWA.xyz, USDY is live on the Ethereum (ETH) and Solana (SOL), among other blockchain networks. USDY to unlock DeFi benefits for Arbitrum users By launching on Arbitrum, USDY is now…
MicroStrategy executive chair Michael Saylor reiterated his unwavering belief in Bitcoin despite its notorious volatility, likening its fluctuations to natural phenomena that possess immense, harnessable energy. Saylor’s latest comments came during a Fox News interview, during which the host asked him to elaborate on how MicroStrategy has “crushed everything” after adopting Bitcoin. The MicroStrategy founder said the firm’s success is directly driven by Bitcoin’s vast potential to solve the world’s problems. He added that the firm is simply “levering the most powerful idea in the world right now” to drive its remarkable success. Solving problems Despite criticisms and skepticism from…
The Federal Reserve is finally cutting interest rates this month, and while many are expecting a modest rate cut of 0.25%, Michael Feroli, chief economist at JPMorgan, says the Fed needs to go bigger. He’s calling for a 50 basis point (0.5%) cut. His reasoning is that a smaller cut won’t be enough to keep things stable. Right now, the Fed’s target rate is between 5.25% and 5.50%, and Feroli thinks that’s too high. He believes the neutral rate—where the Fed isn’t stimulating or slowing the economy—should be closer to 4%. That means the Fed is currently about 150 basis…
DOGS (DOGS), the most hyped meme cryptocurrency on the TON blockchain, was airdropped to Telegram users and listed on CEXes 24 hours ago. What has it achieved so far? $2,500,000,000: DOGS hits crucial trading volume milestone 24 hours after release DOGS (DOGS), a meme coin on the TON network, celebrated its airdrop and debut on centralized crypto exchanges 24 hours ago. In its first day on CEXes, DOGS became the seventh most traded cryptocurrency, with almost $2.5 billion in trading volume, CoinMarketCap data says. At its peak, its capitalization reached almost $900 million, which is higher than that of veteran…
The Bitcoin network is expressing indications of renewed interest among retail investors, as per the market intelligence firm IntoTheBlock. Following a lengthened passage of decline, the daily exclusive Bitcoin addresses have seen a significant increase in number, highlighting a likely shift in the wider market dynamics. The market intelligence platform disclosed this development on its official X account. Bitcoin’s New Addresses Show Renewed InterestSince November 2023, The number of daily new addresses has trended downward, a bearish signal indicating fewer new participants, particularly on the retail side.However, the trend seems to be shifting, with the number of new… pic.twitter.com/EpAjaqpcZG —…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
Agile Energy X, a subsidiary of Tokyo Electric Power Grid (TEPCO), is exploring the use of surplus green energy for Bitcoin mining. Local media outlet Asahi Shimbun reported that the company has installed mining machines near solar farms in Gunma and Tochigi prefectures. This project aims to tap into unused renewable energy. Japan’s Potential to Mine $2.5 Billion in BTC Using Green Energy The report added that simulations by Agile Energy X indicate potential power surplus if Japan meets its goal. If Japan achieves 50% renewable energy by 2050, about 240,000 gigawatt-hours of electricity could go unused. The firm noted…
Bitcoin’s price rebounded back above $59,000 on Thursday, marking an 8% climb on the day in spite of broader macroeconomic fears. According to CoinGlass, over $189 million in trades have been liquidated across the crypto market in the past 24 hours, including $109 million in shorts. Bitcoin’s climb began at roughly 1:50 PM UTC, with Bitcoin surging from $57,000 to $59,815 over the next three hours. The leading digital asset is now up 8.45% on the day at $59,622, with its weekly losses now reduced to 7.78%. Similarly, Ethereum has shot up 9.93% on the day to $2,572. Its weekly…
September, a month historically marked by market weakness, has been living up to its reputation so far this year, with equities losing over $1 trillion in total market capitalization in a single session earlier. One trader, however, likely made over $10 million betting on volatility rising. That’s according to a post shared on the microblogging platform X (formerly known as Twitter) by Unusual Whales, which shared that a mysterious investor who placed a bet on the CBOE Volatility Index (VIX) “likely made over $10 million” with that sell-off. While the exact details of the trade remain somewhat shrouded, the news…
The volume of large transactions involving the Shiba Inu token has increased by 36.6% over the past 24 hours, as seen on IntoTheBlock. It is necessary to mention that large transactions are those no less than $100,000. In the past day, the turnover of such large transfers amounted to 1.8 trillion SHIB. In dollar terms, it was characterized by an increase from $20.81 million to $26.39 million. Interestingly, the total number of such large transactions in a given period has decreased and amounted to 66. This means that on average each of them amounted to 27.27 billion SHIB, or almost…