Author: NBTC
UwU Lend, the decentralized and innovative lending platform, is proud to announce the return of the Curve ecosystem, along with its new stablecoin crvUSD! Moreover, with this exciting step forward as one of the first lending platforms to add crvUSD. UwU Lend aims to support the stabilization and growth of the Curve ecosystem while offering users more diversified markets. The Thrilling Curve Market Will Captivate Investors CRV is the governance token of the Curve ecosystem that allows voting for liquidity pools on Curve in exchange for emissions and bribes. As such, users can now deposit their tokens on UwU Lend…
TL;DR dUAW Record: Start 2024 with 5.3M Daily Active Portfolios, an increase of 18%. DeFi on the Rise: DeFi reaches $110B in TVL, Ethereum leads with 68%. NFT and Gaming Boom: NFT Operations at $1.5B, highlighting Azuki; Gaming with 1.5M dUAW, 28% of the industry. The decentralized application (Dapp) industry has kicked off 2024 with an impressive milestone: 5.3 million Daily Active Unique Wallets (dUAW), marking an 18% increase from the previous month. This number, the highest since 2022, indicates continued momentum and optimism on the horizon with the approaching Bitcoin halving. Within the industry, the blockchain gaming sector maintains…
Ethereum, the second-largest cryptocurrency by market capitalization, has seen a surge in demand and price since February’s start, touching a one-month high of $2,687 in early trading today. According to Lookonchain, an Ethereum whale has made a brave move in accumulating ETH since the start of February, when its price started rising from lows of $2,239. The whale’s strategy was going long on ETH using revolving loans on the Spark platform, which allows the borrower to withdraw, refund and redraw funds as needed within a specific limit and period. A whale is accumulating $ETH and going long $ETH by revolving…
Peter Thiel’s Founders Fund has made a $200 million investment in bitcoin and ether. Thiel’s fund sold crypto holdings for $1.8 billion before 2022’s crypto winter. Peter Thiel’s Founders Fund made a $200 million investment in bitcoin and ether before the bull run, per report by Reuters. According to CoinDesk Indicies data, bitcoin (BTC) has increased nearly 124% in the last 12 months, while ether (ETH) has risen 75%. The CoinDesk 20 Index (CD20) has rallied approximately 86% in the same period. Founders Fund started to purchase bitcoin when it was below $30,000 and acquired more BTC and ETH in…
Terra Luna Classic community votes on the key Tax2Gas proposal, which major step in the revival of LUNC and repeg USTC to $1. The proposal seeks implementation of the Tax2Gas approach on Terra Classic in collaboration with popular developer StrathCole and developer group Genuine Labs. Tax2Gas will incorporate the tax into the gas and remove the need for separate handling and calculation. The proposal aims to increase the on-chain tax rate to 1.5%, which brings back to the original 1.2% burn tax, with 0.3% to fund the chain by the current on-chain 80/20% tax split. Terra Luna Classic Tax2Gas Proposal…
A top trader who rode last year’s crypto breakout believes that Bitcoin (BTC) will witness a corrective move if it hits a critical price level. In a new strategy session, pseudonymous analyst DonAlt tells his 57,000 YouTube subscribers that Bitcoin is closing in on a strong resistance area. DonAlt says he expects BTC to witness a swift pullback once it hits its range resistance at around $58,000. “$58,000, the one that I’ve been talking about as range high, is the only realistic resistance. [It’s] now actually pretty close… I think that’s significant. If we got there, I think it would…
Decentralized finance (DeFi) is a lively and competitive ecosystem moving billions of dollars daily in decentralized exchanges (DEX). Notably, Solana (SOL) recently dethroned Ethereum (ETH) in the 24-hour DEX volume, according to data from DefiLlama on February 1. The two competitors have been fighting a long battle to attract traders and investors in the past years. In particular, Solana shined with a weekly volume increase of 15.34%, while Ethereum lost 12.44% of its own. Nevertheless, SOL’s ecosystem is still behind the second-largest cryptocurrency in the 7-day DEX volume despite the recent surge. Solana has registered $5.518 billion DEX volume in…
Decrypt’s Art, Fashion, and Entertainment Hub. Magic Eden’s new cross-chain rewards program just got sweeter. In addition to earning Diamonds for buying, listing, and collecting NFTs on the multi-chain marketplace, today the platform launched its “Retro Diamond Drop.” Every trader active on Magic Eden since the platform launched on Solana in September 2021 will be able to claim Diamonds, which are similar to rewards points. The amount available for each user to claim depends on volume traded, number of trades made, total collections owned, and total NFTs owned. Also, if you have a 100% loyalty score—meaning your listings and pools…
As the cryptocurrency market continues on its upward path, Bitcoin surpassed $50,000 last night. While this increase in BTC also stimulated altcoins, the largest altcoin Ethereum increased by 8% in the last 24 hours. Whales continue to accumulate Ethereum as ETH approaches $2,700. According to Lookonchain’s post, a whale bought ETH by borrowing money. The whale, which has been purchasing ETH from various exchanges since February, purchased 39.9 thousand Ethereum at an average price of $ 2,492. “A whale is accumulating ETH! The whale takes a loan from Spark and opens a long position in ETH. Since February 1, Whale…
Personal finance expert and best-selling author Dave Ramsey’s firm Ramsey Solutions has maintained that crypto is not a good investment. “We’re not saying cryptocurrency is going to go away. And we’re not saying it’s horrible … But as things stand today, just say no,” advised the Ramsey Solutions team. Ramsey Solutions Advises ‘Just Say No’ to Crypto Ramsey Solutions (Ramsey), the company founded by personal finance expert Dave Ramsey as a means to provide financial counseling and education, published an article earlier this month titled “Is crypto a good investment?” Dave Ramsey is an eight-time national best-selling author and the…