Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Base overtakes Tron with $6.6B TVL

The Base blockchain overtook Tron to become the fifth-largest blockchain in TVL, clocking in at over $6.6B. A spokesperson representing the Morpho DeFi protocol said the Layer 2 blockchain did great at promoting borrowing and lending protocols. The spokesperson added that the Morpho-Coinbase integration allowed users to borrow stablecoins against their BTC holdings. The DeFi protocol’s representative also pointed out that this integration was a significant driver of deposits, contributing nearly $1B to Morpho’s TVL on the L2. Bernstein researchers expect the U.S.-listed crypto exchange to increase its stock’s value to $510 (+60%) by further leveraging the recent rally in…

BlockchainAug 22

Solana’s proprietary AMMs are reshaping liquid asset markets for users

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. When one thinks of DeFi’s greatest innovations, automated market makers (AMMs) come to mind. Popularized by early OG teams like Bancor and Uniswap in 2018, AMMs enabled permissionless liquidity provision without the need for professional market makers to manage an order book. This permissionless structure has immense benefits for bootstrapping markets around illiquid tokens, but it comes with many well-known tradeoffs. Since liquidity positions and execution is public, LPs are vulnerable to MEV attacks, manifesting in price impact and slippage problems for the end-user. Protocol designers have…

DeFiAug 22

New crypto whale buys $1.3B of Ether ahead of US inflation reports

A new cryptocurrency whale has purchased $1.34 billion worth of Ether in the past eight days, outpacing record US spot Ether ETF inflows and fueling speculation over the token’s price trajectory ahead of key US inflation data. The whale acquired 312,052 Ether (ETH) across 10 newly created cryptocurrency wallets, according to crypto intelligence platform Lookonchain. The whale has acquired $300 million more than the record-breaking inflows to US spot Ether exchange-traded funds (ETFs), which amassed $1 billion worth of Ether on Monday, their largest daily net inflows since launch. Analysts say the billion-dollar accumulation could help push Ether closer to…

EthereumAug 22

Metaplanet stock crashes as Bitcoin treasury companies lose their lustre

Metaplanet stock price has crashed and entered a bear market as demand for Bitcoin treasury companies waned and investors began booking profits. Summary Metaplanet share price has plunged by 55% from the year-to-date high. The stock has dropped as Bitcoin treasury companies dive. Technical analysis points to more downside in the near term. Metaplanet shares have plunged to ¥910 ($6.18), the lowest level seen since May 23 and 55% below this year’s peak. This decline has pushed the company’s market capitalization from ¥1.14 trillion to ¥638 billion. Why the Metaplanet stock price has crashed There are several reasons why Metaplanet’s…

RegulationAug 22

Altcoin Networks with the Highest Number of Active Users in the Last Week Published – The Leader Has Changed

The projects with the most active users on a weekly basis in the cryptocurrency market have been announced. On-chain data reveals activity in the user base of decentralized exchanges (DEXs), particularly layer-1 and layer-2 blockchains. BNB Chain took first place on the list. Here are the altcoin networks with the most weekly active users, their user numbers, and the change in active user numbers compared to last week: BNB Chain (BNB) – 16.9 million (+7.1%) Near Protocol (NEAR) – 16.1 million (+0.7%) Solana (SOL) – 13.7 million (-27.1%) Base – 7.0 million (-27.9%) Tron (TRX) – 6.5 million (+10.8%) opBNB…

BlockchainAug 22

zkLink Joins B2 Network to Transform the Next Era of DeFi

zkLink and B2 Network are making waves in the crypto market with their strategic collaboration as both are poised to redefine the landscape of decentralized finance (DeFi). This collaboration marks a significant leap toward building a new era for financial markets. In this era, the intelligent agents scan, route, and execute the financial markets, not manually traded. 🤝 @zkLink_Official x @BSquaredNetwork The next era of DeFi won’t be traded by humans. It’ll be scanned, routed, and executed by agents. We’re merging AI infra with cross-chain liquidity rails. Welcome to automated alpha. More details soon 🔥#AIxDeFi pic.twitter.com/KoanmsNY6R — zkLink | Aggregated…

DeFiAug 22

A Bold $349 Million Plunge into Ethereum

In a significant development that underscores the growing intersection of traditional industries and digital assets, Nasdaq-listed biotech firm 180 Life Sciences has made headlines. Operating under the name ETHZilla for its crypto ventures, the company recently revealed substantial 180 Life Sciences ETH holdings, signaling a remarkable move into the cryptocurrency space. This bold step highlights a fascinating trend where established companies are exploring the potential of decentralized finance. What Are 180 Life Sciences’ Massive ETH Holdings? The core of this exciting news comes from a recent PR Newswire press release. It confirms that 180 Life Sciences, through its ETHZilla initiative,…

EthereumAug 22

Arbitrum Gaming Ventures offers Ronin 750K ARB to become Orbit chain

This is a segment from The Drop newsletter. To read full editions, subscribe. Arbitrum’s gaming investment group is offering Ronin up to 750,000 ARB spread across three consecutive years to join them as an “Orbit” chain. Currently, that’s worth about $367,500, which doesn’t seem like a whole lot. But in this down-and-out gaming market, maybe that’s enough. Ronin’s cofounders shared screenshots on social media of the offer from Arbitrum Gaming Ventures (AGV), noting that it would also include Gaming Content Creator Program access (social content support funded by Arbitrum DAO). They’d also get financial assistance with audit costs via an…

BlockchainAug 22

MetaMask Unveils mUSD Stablecoin on Ethereum and Linea, Teases Debit Card Functionality

MetaMask officially unveiled its native stablecoin Wednesday, the first of its kind launched by a self-custodial wallet. The token, dubbed mUSD, will be fully integrated with the MetaMask DeFi ecosystem, and will allow users of the dominant Ethereum wallet to easily on- and off-ramp self-custodied cryptocurrencies into dollar-pegged tokens. The stablecoin will be issued by Bridge, a Stripe company, and one-to-one backed by dollar equivalent assets in compliance with the recently passed GENIUS Act. At launch, expected later this year, mUSD will be available in-wallet both on Ethereum and Linea, the layer-2 blockchain developed by MetaMask’s parent company, Consensys. (Disclosure:…

DeFiAug 22

Binance Swallows $64,000,000 in Ethereum (ETH): Details

Three wallets, probably owned by the same large-scale holder, unstaked 14,942 ETH, or roughly $64.38 million, before depositing the full amount into Binance within the last hour, according to on-chain data tracker Arkham. When combined with the current technical conditions, the massive surge in inflows to Binance might change the current shape of the asset on the market. Market performance Ethereum broke through a significant downward trendline, opening a path without any immediate historical resistances above it, according to price action analysis. As long as general market conditions stay favorable, there is potential for upside continuation given this bullish breakout…

EthereumAug 21