Author: NBTC

In the latest announcement, Sky Ecosystem (Formerly known as MakerDAO) unveiled that the total supply of its newly launched stablecoin USDS has surpassed the 1.5 billion mark. A few months ago, MakerDAO rebranded itself as Sky Ecosystem, to offer a simpler user experience. The rebrand was accompanied by the launch of a new website and app that will provide a front-end interface for Sky. USDS supply surpasses 1.5 billion. pic.twitter.com/aSLNfEzeWw — Sky (@SkyEcosystem) January 3, 2025 Sky has also made a crucial move to strengthen its presence in the Solana ecosystem by introducing its USDS stablecoin on its blockchain. The…

DonAlt, a popular pseudonymous cryptocurrency trader with more than 625,000 followers on the X social media platform, has opined that the Ripple-affiliate XRP cryptocurrency is “infinitely better” than meme coins when it comes to actual use cases. Earlier, he also noted that the XRP cryptocurrency was “transparent enough” to trade it, which is not the case for many meme tokens. “People attribute this move on XRP to it being a meme. If anything it’s the opposite, the draw XRP has is that it looks and presents professional,” he said last month. According to the chartist, XRP represents the exact opposite…

Major crypto exchange OKX launches perpetual futures for two more native tokens from AI-based projects, Alchemist AI and aixbt, on Jan. 3 at 7:00 UTC. According to a recent notice, OKX trading support for AIXBT/USDT perpetual futures will begin on Jan. 3 at 7:00 UTC. Meanwhile, trading support for ALCH/USDT perpetual futures will open on the same day but 15 minutes after AIXBT, specifically at 7:15 UTC. Both perpetual contracts are offered with a minimum leverage of 0.01x and a maximum leverage of up to 50x. The addition of ALCH/USDT and AIXBT/USDT perpetual contracts on OKX occurs only a week…

What is the first block created in the blockchain? On January 3, 2009, an individual under the pseudonym Satoshi Nakamoto mined Bitcoin’s first block, known as the Genesis block, containing 50 BTC. Embedded in its hash was the headline of a British Times article: “Chancellor on brink of second bailout for banks.” The article highlighted challenges in the UK banking sector and the government’s efforts to address them. Some believe Satoshi included this headline to underscore the vulnerabilities of traditional finance. But let’s get back to a genesis block. What exactly is it in blockchain? Table of Contents What is…

As Bitcoin approaches the $100,000 milestone, it faces resistance while a significant shift in market behavior unfolds. Long-term holders (LTHs), typically known for their reluctance to sell, have ramped up their distribution activities. According to Glassnode, these LTHs have sold approximately 507,000 BTC worth around $47 billion, which is notably lower than the 934,000 BTC sold during the March 2024 price surge. This selling activity highlights changing patterns among long-term investors, with billions of dollars in profits realized during this period. LTH Drive Bitcoin Supply Redistribution Glassnode data reveals that much of the sell-side pressure originates from coins aged between…

Is Ethena’s “synthetic dollar” bringing a new systemic risk to decentralized finance (DeFi)? While keen to avoid being labeled as a stablecoin, USDe is increasingly being utilized as such across some of the biggest players in DeFi. Some are worried, however, that treating USDe as a centralized stablecoin changes its risk profile as a collateral asset. An influential MakerDAO community member, known as “ImperiumPaper,” has pointed to possible conflicts of interest between risk advisors working for Aave and Maker, who also have (or have had) associations with Ethena. The situation has been likened to “a real estate agent representing both…

This meme coin depicts a dog in a ski mask—and it’s jumping to new heights because U.S. Congressman Mike Collins (R-GA) acknowledged he bought as much as $30,000 of it. Collins’ purchase of Ski Mask Dog (SKI), alongside another token, was flagged Tuesday by the financial data platform Unusual Whales on X (formerly known as Twitter). The 57-year-old replied with a picture of Pepe the Frog, evoking the popular internet meme that’s also tied to a valuable meme coin. But beneath the frog’s shades and popped collar, Collins told Decrypt that there’s a legitimate reason behind the purchase of two…

After a long and arduous process following its dramatic collapse, the FTX payout plan has officially gone into effect today, January 3, 2025. This marks a major milestone for creditors who have been awaiting the recovery of their assets. The FTX estate, which manages the bankruptcy proceedings of the collapsed crypto exchange, plans to begin repayments within 60 days of the effective date, the estate said in December. Although the estate estimates that total distribution will range between $14.7 billion and $16.5 billion, the first payout round will not reach that amount as it prioritizes convenience classes—those with allowed claims…

Mind Network, a fully encrypted web3 infrastructure, has announced its new collaboration with Duck Chain. The collaboration aims to advance the on-chain governance. It leverages the Mind Network’s latest privacy technology Fully Homomorphic Encryption and Duck Chain’s consumer-focused blockchain solutions. 🚀 Partnership Announcement!@Duck_Chain x @mindnetwork_xyz unite to revolutionize on-chain governance through cutting-edge FHE privacy technology🔒 AI-powered private voting with FHE encryption🏛️ Tamper-proof decentralized governance🤖 Privacy-first AI agents🌐 Seamless… pic.twitter.com/BLENJV0bg8 — Mind Network (@mindnetwork_xyz) January 3, 2025 By combining the strengths of both the entities, Mind Network and Duck Chain intend to provide decentralized and tamper-proof governance solutions. Additionally, it also…

While Bitcoin flirted with the $100K range last week, coming within touching distance, market observers have highlighted a similar occurrence around key psychological levels in history. On November 22, Bitcoin reached an all-time high of $99,800, just $200 away from hitting $100,000, a milestone that the crypto community and the global finance space have been anticipating since the last cycle. However, in the two days that followed, Bitcoin traded in a tight range between $99K and $98K. The bears ultimately took control, and Bitcoin broke below this range, hitting a low of $90,700 by Tuesday. With anticipation for $100K slightly…