Author: NBTC
TL;DR:The IOTA Grants Program, kicked off in March 12th 2024, has supported a wide range of projects in its first two months, ranging from GameFi to decentralized exchanges. The updates will continue to provide insights into new developments and their impact on the ecosystem. The IOTA Ecosystem DLT Foundation’s Grants Program, operational for nearly two months, marks a significant milestone in the DLT Foundation’s efforts to support innovative builders and projects and to amplify the rapid growth of the IOTA ecosystem. As the program progresses, we aim to provide monthly updates to share insights and developments. This commitment ensures our…
In April, derivatives trading volume on the largest exchanges decreased by 1.4% month-on-month. However, futures trading volumes on Binance, the largest centralized exchange (CEX), rose more than 72% in April compared to March. According to the Wu Blockchain team, the sharp increase in trading volume is due to Binance introducing a time-limited fee discount for USDC perpetual contracts, which led to a rise in trading volume for perpetual agreements. However, excluding this, the total trading volume in April decreased by 26.6% compared to the previous month. The three largest declines in futures trading volumes were the exchanges Bitget at 16.1%,…
As the Bitcoin community celebrated the completion of another halving event, renowned Bitcoin critic Peter Schiff took to the stage with a warning for BTC holders. The highly anticipated Bitcoin software update called “halving” has been completed. The modification went into effect as of 8:10 p.m. Friday, New York time, according to data from analytics websites mempool.space and Blockchain.com. This event, which reduces the reward for mining new blocks by half, is seen by many as a bullish signal for the cryptocurrency’s value. However, Schiff’s perspective offers a sobering counterpoint to the prevailing optimism. Peter Schiff, a long-time skeptic of…
Decentralized finance projects Lido and Aave generated more fees in the last 24 hours than top blockchain networks like Bitcoin, Ethereum, and Solana. According to DeFillama data, Lido accrued $2.34 million, while Aave amassed $1.85 million during this period. In contrast, Ethereum, Bitcoin, and Solana secured $1.84 million, $1.34 million, and $1.17 million, respectively, in fees. Market observers explained that the fee surge reflects crypto users’ willingness to engage with these platforms over traditional blockchain networks. Why do people use Aave? The Bank for International Settlement (BIS) explained that crypto investors use DeFi lending pools like Aave to seek yield.…
2 whales, often referred to as big players, have borrowed 8,400 $ETH, which is worth $25 million, from a decentralized crypto lending platform called Aave. The whales have transferred the borrowed money to Binance, which is one of the most popular centralized cryptocurrency exchanges. It is believed that they are shorting $ETH. Shorting is a trading strategy in which an investor bets on a decrease in the price of a cryptocurrency. From now, if the price indeed falls, the investors will earn money. 2 whales have borrowed 8,400 $ETH($25M) from #Aave and deposited it into #Binance in the past 2…
The Zilliqa infrastructure team continues to work diligently to resolve the recent disruption to the mainnet block generation. Their preliminary analysis indicates that the issue may stem from a specific function returning a null value instead of a node’s RLP due to a potential invalid database lookup. This misbehavior results in an error being thrown, disrupting the network. Zilfam! 📢The Zilliqa infrastructure team continues to work on resolving the ongoing disruption to mainnet block generation.Preliminary analysis indicates this may be related to an issue within a specific function that returns a null value instead of a node’s RLP following a……
When Binance agreed to a $4.3 billion settlement with the US Department of Justice (DoJ), the Commodity Futures Trading Commission (CFTC), the Financial Crimes Enforcement Network (FinCEN), and the Office of Foreign Assets Control (OFAC), it agreed to allow two government agencies to appoint compliance monitors within the company. As a result, Binance agreed to let the DoJ monitor its operations for three years and FinCEN for five. After a lengthy bidding process, the DoJ picked Forensic Risk Alliance (FRA) to operate its monitorship while, according to Bloomberg, law firm Sullivan & Cromwell will likely fulfill FinCEN’s. Never before in…
The much-anticipated fourth Bitcoin halving event took place on April 20, 2024, at 05:09:27 UTC. In the immediate aftermath, the price remained stable, hovering around the $64,000 mark. This event, known as the halving, holds significant implications for the cryptocurrency’s supply dynamics and potential price movements. The Bitcoin halving is a pre-programmed event that occurs approximately every four years or after every 210,000 blocks are validated. This design feature was integral to Bitcoin’s inception in January 2009. During the halving, the rate of new Bitcoin creation every 10 minutes is halved, resulting in a decreased reward for miners. The Impact…
Meson Finance, known for its innovative approach to facilitating low-cost, zero-slippage cross-chain swaps on major cryptocurrencies like Bitcoin and Ethereum, as well as various stablecoins, has announced a significant partnership with Trustin Finance. This collaboration aims to introduce an early supporter event that promises a prize pool exceeding $10,000 USD. Participants engaging in specific social tasks and utilizing Meson Finance’s services to bridge to Bitlayer will have the opportunity to earn points through TrustIn&Meson Points system. This partnership underscores Meson Finance’s commitment to enhancing the user experience and expanding its services. By collaborating with Trustin Finance, Meson is poised to…
Ethereum price opened trading at $2,928 on Monday, May 13, recording a 4% surge over the weekend, but recent ETH 2.0 staking trends suggest more downside ahead. Ethereum Crosses 1 Million Node Validators 1-Year After Shappella Upgrade. Ethereum recorded another major milestone in May 2024 as the number of node validators staking coins on the network hit the 1 million mark. Ethereum completed its transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus with the Shappella upgrade executed on April 12 2023, allowing ETH holders to earn passive income and secure the network by stake their coins. Since then, Ethereum 2.0…