Author: NBTC

Jupiter, the biggest decentralised exchange (DEX) in Solana, is gaining market share as demand for tokens in the ecosystem rise. As a result, JUP, the network’s token, has surged to a record high of $1, which was about 130% above its lowest level this year. Its market cap has soared to over $1.2 billion. The most recent data by DeFi Llama shows that Jupiter’s Total Value Locked (TVL) has jumped to a record high of $304.8 million. Its derivatives has also soared sharply as the crypto bull run continues. Another data by CoinGecko shows that the volume of tokens traded…

Binance Charity, the charitable arm of the world’s leading blockchain ecosystem, joins forces with the Children of Heroes Foundation in an effort to provide aid and psychological rehabilitation to children affected by the continuing conflict in Ukraine. Together, they want to host “I am Da Vinci,” a 12-day rehabilitative camp for 50 kids whose parents have sadly died in the Ukrainian war. The goal of the program is to provide a welcoming space where these kids may heal from their trauma. The camp will provide a one-of-a-kind combination of services and programs with an emphasis on mental health, adventure, community…

Veteran trader Peter Brandt recently highlighted an intriguing pattern that is now building on the Bitcoin chart, prompting interest and discussion among traders and investors. Brandt tweeted a screenshot of the four-hour Bitcoin price chart, indicating an ascending trendline and what appears to be a head-and-shoulders pattern gradually emerging. Bitcoin $BTC pic.twitter.com/uUsqb8I5PR — Peter Brandt (@PeterLBrandt) March 22, 2024 Brandt’s post caught the attention of an X user, who inquired whether it was a “head and shoulders” formation, to which Brandt replied, “Starting to shape up that way.” The head and shoulders pattern is a well-known technical indicator that predicts…

With a number of technical novelties, Soil (SOIL) decentralized credit protocol is ready to introduce DeFi 2.0 tooling to the segment of real-world assets (RWAs). Decentralized credit platform Soil amassed $2 million in TVL Soil, a new-gen decentralized credit protocol with a focus on RWAs, shared the details of its latest accomplishment. Since its public launch on Jan. 11, 2024, it managed to reach $2 million in liquidity injected. $Soil is bridging the gap between traditional finance & #DeFi through #RWA 👀We bring corporate debt & fixed income markets to crypto to offer a safer and higher (up to 14%)…

The open-source, decentralized platform Celo Foundation has announced another collaboration. As per the company, it is partnering with Rarible (an aggregated NFT platform) to release the NFT marketplace named Celosphere that would focus on art. The platform shared an exclusive blog post to disclose the details of the latest project. Celo Foundation and Rarible’s Join NFT Marketplace Facilitates Creators Celo noted that RaribleX will assist it in powering the new marketplace. It added that the respective NFT platform follows the mission of the community to provide prosperity to all. Celosphere, a mobile-first Ethereum L2 blockchain network facilitates the creators. It…

While the SEC sought to qualify Ethereum as a security, JP Morgan analysts argued that Lido’s declining market share could protect Ethereum from being classified as a security. According to The Block, JP Morgan analysts also noted that in addition to the declining market share of the largest liquid staking protocol Lido, Ethereum’s latest Dencun update is another positive development for the ETH network and ecosystem. JP Morgan analysts led by Nikolaos Panigirtzoglou stated the following in the report: “Lido’s share of Ethereum has fallen from about a third a year ago to about a quarter now. “This should reduce…

Coinbase price target hiked to $276 from $200. Digital asset adoption continued after the approval of spot bitcoin ETFs, the report said. Risks include the exchange’s ongoing lawsuit with the SEC, Oppenheimer said. Coinbase (COIN) is well positioned to benefit from the long-term adoption of blockchain technology, broker Oppenheimer said in a research report on Wednesday raising its earning estimates for the crypto exchange. “We estimate that COIN’s 1Q24 trading volume would be up 95% quarter-on-quarter and 107% year-on-year to $300B,” analysts Owen Lau and Guru Sidaarth wrote, noting that the “adoption of digital assets continued after the approval of…

ONI, the utility token of Anonify, has experienced a dramatic decline, dropping over 90% in the past few weeks, contrasting sharply with the cryptocurrency markets, which have seen a notable increase in prices recently, with Bitcoin reaching new highs. The token, which saw a surge in demand following its launch on Feb. 20, achieved an all-time high of $1.18 on Feb. 28, only to fall to $0.01974 by March 13. This sharp decline has sparked discussions regarding the possibility of the project being a potential rug pull. Source: ONI Price-CoinMarketCap Anonify, a privacy-centric Telegram bot, claims to facilitate secure cross-chain…

Talos, a provider of institutional trading technology for digital assets, has partnered with Coinbase Derivatives, LLC, to expand the platforms available for institutional investors seeking to invest in digital assets within a regulated framework. The integration of Talos with Coinbase Derivatives enables investors to access a regulated futures exchange offering Bitcoin and ether futures contracts. According to the press release, these contracts, sized at 1 Bitcoin and 10 ether, cater specifically to the needs of institutional investors. They provide a capital-efficient tool for managing crypto market exposure without the complexities of direct asset custody. Daniel Packham, the VP and Head…

Xuirin Finance has introduced a revolutionary DeFi debit card striving to bridge the gap between decentralized finance (DeFi) and everyday spending. This unique project offers to render DeFi assets universally consumable for everyday operations worldwide, thus making a big step forward in incorporating DeFi into traditional financial practices. DeFi, a segment of finance that lies outside the traditional banking systems, has been considered the territory of those deeply involved in the world of cryptocurrencies mainly due to its complexity. Nevertheless, with the debut of the DeFi debit card by Xuirin Finance, this story is about to alter, providing a link…