Author: NBTC

Injective, a blockchain-based DeFi platform, has unveiled a massive strategic collaboration with Mercado Bitcoin, Brazil’s leading cryptocurrency exchange and one of the oldest in Latin America. This partnership introduces Injective’s native token, the $INJ, into the Mercado Bitcoin environment that connects with over 3 million active users. The integration makes the DeFi platform ready to be adopted faster in Latin America due to Mercado Bitcoin’s solid registered users and strong market response. The largest Brazilian exchange with over 3 million users has officially integrated native $INJ.@MercadoBitcoin enables anyone to on-ramp into the Injective ecosystem with fait such as the Brazilian…

Aptos is one of the chains that has seen its fortune change the most in 2024 as it has made the best of the bull market. Just as L1 tokens and platforms were slowing down, Aptos managed to draw in all the elements it needed to become a growth leader. It is one of the chains that has seen its influence grow the most in 2024, making the best of the bull market. Despite the primacy of Ethereum and Solana as L1 chains, Aptos rode the trend for alternative liquidity venues. Aptos made most of its gains in the second…

Lofi, a unique Sui-built blockchain-native brand, has announced its exclusive collaboration with Fox Wallet. The partnership focuses on establishing an innovative and dynamic ecosystem to advance Sui Network. Fox Wallet took to its official social media account on X to disclose this collaboration. 🥳@lofitheyeti has joined @FoxWallet! 🌍Lofi symbolizes optimism, courage, and a vision for the future, with a mission to build a dynamic and innovative ecosystem on @SuiNetwork.🙌Activate the #Sui Network on #FoxWallet and make it your primary wallet for $LOFI now. 🚀 pic.twitter.com/k41aLSXgHq — FoxWallet Official (@FoxWallet) December 21, 2024 Lofi and Fox Wallet Collaborate to Develop an…

Bitcoin broke the landmark $100,000 level earlier Thursday, nearly 15 years after it first went live, in a move that some traders expect to keep continuing. BTC added 7.2% in the past 24 hours, data shows, zooming to a $2 trillion market capitalization for the first time as it set a record just over $103,670. It has since lost ground to $102,500 in Asian afternoon hours as traders took early profits on the move. The asset has gained 50% in the past 30 days on increased institutional demand, rising ETF inflows, improved sentiment among traditional finance circles and optimism around…

Lending was one of the growth apps for TRON (TRX), boosting the chain’s locked value. JustLend was one of the busiest smart contracts, drawing in 55% of all value locked on the TRON network. TRON (TRX) increased its lending exposure in 2024, following the expansion of DeFi on all chains. JustLend was one of the growing apps for the past 12 months, ending up with 55% of the total value locked on the chain. TRON locks in a total of $7.36B in its decentralized protocols, including lending and DEX. The chain still hosts more than $60B in stablecoins, which also…

The booming stablecoin market hit another milestone Wednesday, crossing the $200 billion total market value mark for the first time ever as demand accelerates and adoption expands for the assets. The asset class as a whole added $10 billion market value in only two weeks since it surpassed the 2022 bull cycle record of $190 billion, according to CCData and DefiLlama. Stablecoins are cryptocurrencies designed to hold a steady price, predominantly pegged to the U.S. dollar. They are a key piece of infrastructure for the digital assets space, serving as the main source of liquidity for trading crypto assets on…

A historical development in Web3 as WOW EARN, a leading Web3 application platform, has allied with MEY Network. In this context, this partnership will seek to revolutionize content monetization and ownership in the digital world built on blockchain technology. 🎉 A Revolutionary Partnership! 🎉We are thrilled to announce our collaboration with @MEYNetwork 🚀🔑 About MEY Network:✅ Empowering content creators through blockchain technology✅ Decentralized and transparent content monetization✅ Cutting-edge NFT solutions for… pic.twitter.com/P9MUPDsEZe — WOW EARN (@WOWEARNENG) December 21, 2024 Empowering Creators Through Blockchain Fundamentally, the MEY Network’s vision is to be a platform for empowering content creators. As a result…

Bitcoin’s climb past $100,000 has brought on a new set of new crypto analyses, with observers drawing parallels to global economic benchmarks, asset classes, and historical financial events. These discussions seek to contextualize Bitcoin’s rise and assess its potential trajectory. For instance, Bitcoin’s market capitalization, now nearing $2 trillion, is being compared to leading global corporations like Apple and Microsoft. Its volatility has been likened to commodities such as gold and oil, with analysts debating its potential as a hedge against inflation. Additionally, some argue Bitcoin could disrupt traditional banking systems, highlighting its role in reshaping global finance. Bitcoin’s Growth…

Money market Aave and liquid staking protocol Lido surpassed $70 billion in net deposits in December for the first time, according to data from TokenTerminal. As of press time, the two largest DeFi protocols hold a total $67.42 billion. Aave leads with $34.3 billion in deposits, just $1.1 billion higher than Lido’s. The net deposits directed at these two DeFi heavyweights represent 45.5% of the $148 billion allocated to the 20 largest decentralized applications. However, regarding total value locked (TVL), Lido leads the DeFi ecosystem with $33.8 billion, with Aave coming in second with $20.6 billion. Net deposits represent the…

Ethereum price extended losses and dropped below the $3,550 zone. ETH is showing bearish signs and might decline further below the $3,150 level. Ethereum started a fresh decline below the $3,550 zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $3,550 support zone. Ethereum Price Drops Below $3,550 Ethereum price struggled to start a fresh increase above the $3,550 level…