Author: NBTC

The DYDX token is an integral part of the dYdX Chain, focusing on decentralized financial (DeFi) instruments and derivatives. It has undergone significant changes after transitioning from Ethereum to the dYdX Chain, bringing new functionalities and an expanded utility. Here’s what you need to know. From Ethereum to Cosmos On October 26, 2023, at 17:00 UTC, the dYdX Chain was born, launching its very first block. DYdX transitioned to operate its own chain within the Cosmos ecosystem, moving beyond its initial deployment on Ethereum. This evolution signified a major step in its development, aiming to leverage the interconnectivity and efficiency…

Bitcoin (BTC) has once again surpassed the $70,000 mark, rebounding from volatility triggered by higher-than-expected inflation data in the United States. Despite trading above this psychological threshold, the maiden cryptocurrency has predominantly consolidated below its previous all-time high, leaving the market on edge regarding its next direction. In examining the potential price movements, crypto trading expert Alan Santana pointed out that recent movements show that Bitcoin is in a stalemate as it struggles to break through resistance, with a strong bearish signal potentially on the horizon. In a TradingView post on April 11, the strategist’s analysis was based on Bitcoin’s…

Stellar-based Félix Pago is reported to have secured a $15 million series A funding round to expand its services in LATAM and the US. According to them, their services rely on crypto partners such as Boston-based crypto fund Castle Island Ventures. Stellar-based WhatsApp cross-border transfer service Félix Pago has secured $15 million Series A funding as part of the plans to boost its operations in the LATAM and US. According to reports, the round was led by Massachusetts-based VC firm Castle Island Ventures and supported by Switch Ventures, HTwenty, MELI Capital, and Contour. Founded in 2021, Félix Pago explains that…

Investors are curious about the BTC and altcoin portfolios of giant corporate companies that affect prices with Bitcoin and altcoin purchases and sales. At this point, cryptocurrency analysis company Arkham shared the portfolios of giant investment companies Paradigm, Andreessen Horowitz (a16z), Spartan Group, Blockchain Capital and SCP Token. Accordingly, Ethereum (ETH) ranked first in Paradigm’s portfolio, followed by Lido DAO (LDO) and Optimisim (OP). In Andreessen Horowitz’s (a16z) portfolio, Uniswap (UNI) ranked first, followed by COMP and ETH. Ethereum ranked first in Blockchain Capital’s portfolio. ETH was followed by AAVE, UNI and SAFE. PENDLE ranked first in Spartan Group’s portfolio,…

EarthMeta presale has taken the metaverse and crypto communities by storm, positioning itself as a strong competitor to established giants like Decentraland and The Sandbox. Offering compelling incentives, EarthMeta stands out as a significant project in the metaverse space. The performance of metaverse-related crypto-assets like $MANA and $SAND, which have outpaced traditional cryptocurrencies like Bitcoin and Ethereum in 2023-2024, indicates growing interest in the metaverse. This trend suggests that the $EMT (EarthMeta Token) is entering a dynamic cryptocurrency landscape with significant growth potential. EarthMeta’s presale has emerged suddenly, making a notable impact by attracting metaverse enthusiasts, AI advocates, and investors…

Bitcoin options show expectations for pre-halving price weakness and a bullish bias following the pivotal quadrennial event. The long-term outlook depends more on macro factors than halving, analysts said. Options market shows expectations for a price rally into six figures by December. The bitcoin (BTC) options market, historically a reliable indicator of sentiment, is showing investors expect weakness in the run-up to the mining-reward halving due April 20 followed by a rally after the event, which reduces the pace of new bitcoin creation by cutting the per-block coin emission to 3.125 BTC from 6.25 BTC. The world’s largest cryptocurrency by…

Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a fixed number of tokens assigned by the designers of each artistic collection. Metaplex Aims to Extend Hybrid Defi Adoption in Solana Metaplex, a protocol that eases the distribution and deployment of non-fungible tokens (NFTs) on top of the Solana blockchain, has announced the introduction of Metaplex Program Library 404 (MPL-404). MPL-404 is a protocol that brings the hybrid functionality pioneered by the…

Ark Invest made an investment decision to sell off Robinhood Markets Inc. shares. The decision came after Robinhood launched a new cryptocurrency trading API. Ark Invest sold 1,178,058, totaling $25.7 million since Robinhood shares closed at $21.84. Cathie Wood’s Ark Invest sold shares from three different funds. The investment firm sold 857,676 shares from the ARK Innovation ETF, 113,102 shares from the Ark Fintech Innovation ETF, and an additional 207,276 shares from the ARK Next Generation Internet ETF. Also Read: Crypto Markets Brace for Volatility as Billions in Bitcoin and Ether Options Expire In total, Cathie Wood’s Ark Invest sold…

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a significant 61.39% increase in large transaction volume, which is usually suggestive of whale activity. Large transaction volume is a crucial measure from IntoTheBlock that indicates the total amount transacted by whales on a particular day. Spikes in large transaction volumes point to high activity among whales, either buying or selling. In recent days, there has been a decrease in the volume of large transactions for SHIB that exceed $100,000. SHIB reported a considerable reduction in large transaction volume, falling from 6.36 trillion SHIB on April 19 to 2.06 trillion SHIB on April…

Bitcoin has smashed past the $70,000, after the release of the Consumer Price Index (CPI) report signaling surge of inflation in the United States. Previously, many investors somewhat predicted the $70,000 price surge, despite the prior dip to $67,000. The main contributing factor to this surge are high inflation rates, which have positioned Bitcoin as a potential hedge against the diminishing purchasing power of traditional currencies. Additionally, there’s been a noticeable boost in the performance of stocks and other alternative assets, as investors are redistributing resources to protect their portfolios from inflation. In the past, Bitcoin has been considered a…