Author: NBTC

Dubai — A new derivatives report from Bybit, in collaboration with Block Scholes, sheds light on shifting trends in cryptocurrency markets. Despite a dip in Ethereum (ETH) perpetual positions, Ethereum continues to lead Bitcoin (BTC) in options open interest, with analysts attributing the fluctuation to recent price pullbacks.—Following Bitcoin’s retreat from the $100K level and Ethereum’s dip below $4K, ETH’s open interest in derivatives markets has seen a decline. While investor sentiment remains upbeat, this has been tempered by less aggressive positioning, as evidenced by a drop in funding rates.The report, which benchmarks data against pre-U.S. election levels, also takes…

Quicknode, a major web3 development platform, has disclosed that it now supports the Sui Network, a layer 1 blockchain network. The integration makes the Sui Network now available to the international community of developers on the Quicknode platform. Integrating the Sui Network to QuickNode now enables developers on the Sui Network to develop their businesses with ease. Developers can also swiftly move to Web3 to access reliable blockchain solutions and get exposed to mass adoption. QuickNode now supports Sui, a layer-1 blockchain designed to scale for the next billion users in web3.Here’s why @SuiNetwork stands out from the crowd and…

Vancouver City Council has greenlit a proposal to explore the incorporation of Bitcoin into municipal financial operations, including the possibility of holding Bitcoin as a reserve asset and accepting it for payments. The motion, submitted by Mayor Ken Sim, passed during a council meeting on Wednesday with the support of six councilors, effectively directing city staff to explore the feasibility of making Vancouver a “Bitcoin-friendly city.” Mayor Sim, who owns shares in Coinbase Global Inc., believes that adopting Bitcoin as part of the city’s financial strategy will help safeguard its purchasing power against inflation. He has pledged to donate $10,000…

The perpetual trading tokens market now gives you several choices with impressive fully diluted valuations (FDVs), which shows a rising influence within DeFi tokens. For those who need a quick grasp, perpetual contracts essentially let traders hold positions with no time limit and these are what drive many crypto projects. These tokens now draw more interest for their liquidity, fresh ideas, and unique methods. Top 10 Perpetual Tokens by Fully Diluted ValuationHyperliquid $HYPE – $14.3BJupiter $JUP – $11.1BdYdX $DYDX – $1.97BApeX Protocol $APEX – $1.83BDrift Protocol $DRIFT – $1.26BAPX Finance $APX – $1.17BWOO $WOO – $845MSynFutures $F – $716MGMX $GMX…

Stacks ($STX) is now available on Nexo, a leading digital assets platform. Stacks introduces smart contracts and decentralized apps (dApps) directly on the Bitcoin network. This was announced via Nexo’s official X account. It is built for its capability to scale with the ecosystem and meet the implementation of added functionalities within it. Stacks can be used to support applications such as decentralized finance, non-fungible tokens and many others. .@Stacks’ $STX is now available on Nexo! Let’s delve deeper. ⬇️Stacks introduces smart contracts and dApps directly to the #Bitcoin network. Stacks’ architecture is tailored for scalability and complex functionalities within…

The European Union’s wide-ranging regulatory regime for cryptocurrency firms, the Markets in Crypto Assets (MiCA), is set to take effect at year-end, but, with just three weeks to go, almost a quarter of the 27 countries that constitute the bloc aren’t ready. For the regulation to apply in the country, EU members have to align local laws with MiCA. Those yet to do so include Belgium, Italy, Poland, Portugal, Luxembourg and Romania, according to a document created by the Electronic Money Association, a trade body, which was shared with CoinDesk. Trade associations representing the crypto industry say this state of…

Circle and Lulu Financial aim to transform cross-border payments with faster, cheaper, and blockchain-powered solutions. USDC’s speed and security will enhance remittances across GCC, Asia, and Europe, boosting global financial inclusion. Circle’s new office in Abu Dhabi supports its Middle East growth, advancing digital payments in the region’s market. Circle establishes a company in ADGM, Abu Dhabi’s main financial center aiming to make its USDC digital money available to the online market. Circle has also teamed up with Lulu Financial Holdings to improve money transfers and payments between countries. They’re using blockchain technology to make these payments faster and cheaper,…

The New York Red Bulls announced a 13-year blockchain-related partnership with Sports Illustrated Tickets, rebranding their home venue in Harrison, New Jersey, as “Sports Illustrated Stadium.” At the heart of the partnership is Sports Illustrated Tickets’ blockchain-powered platform, Box Office, which was developed in collaboration with Ava Labs, according to a press release shared with crypto.news. This technology will use the Avalanche (AVAX) blockchain to create a secure and interactive ticketing system for all events at the 25,000-seat stadium. Speaking to crypto.news, Sports Illustrated Tickets CEO David Lane said Avalanche was selected for this project due to its high speed…

Last week, Bitcoin.com News dropped an editorial that spilled the beans on all the governments clutching bitcoin, whether they snagged it through criminal busts or by mining or buying it. In the piece, we noted that China might be sitting on a stash of over 190,000 bitcoins, and our report also threw in that this claim is pure speculation. Fast forward to this week, Sani from timechainindex.com throws shade on that idea, stating there’s “no proof that China still holds any of their confiscated bitcoin.” China’s So-Called Bitcoin Holdings — Analysts Say Where’s the Proof? On Dec. 10, 2024, an…

Aave recorded significant gains, emerging as the top gainer among the leading 100 crypto assets, amid the market-wide bullish momentum. Aave (AAVE) surged 34% in the past 24 hours and is trading at $355 at the time of writing. The native token of the leading lending protocol saw its market cap rise to $5.3 billion, making it the 31st-largest cryptocurrency. Source: crypto.news This is the first time since late August 2021 that Aave has broken the $350 mark. First, the broader crypto market, including Bitcoin (BTC), started rising right after Wednesday’s U.S. Consumer Price Index report. The U.S. inflation rate…