Author: NBTC

Shiba Inu (SHIB) is in the spotlight in the meme coin world today as its most important metrics are in the positive zone. In particular, the SHIB burn rate has skyrocketed by 3,674% in 24 hours, sending 53,312,864 SHIB to dead wallets. This symbolic move underscores the boost within the Shiba Inu ecosystem in general. Shiba Inu burn and surge Shiba Inu has seen its total incinerated tokens jump to 410,737,117,236,496 SHIB. As of writing time, the circulating supply now stands at 583,614,657,016,182 SHIB, underscoring how much more the tokens need to be disposed of to meet the project’s long-term…

In a significant uptick in user engagement, Ember, a blockchain-based platform, has reported a substantial increase in unique active wallets and transaction volume over the past 24 hours. According to recent data, the platform experienced a 56% rise in unique active wallets (UAW), reaching 139,000 users. Additionally, the number of transactions surged by 55%, totaling approximately 140,000, highlighting growing activity and user interest on the Ember platform. .@play_ember has seen a 56% increase in unique active wallets over the past 24 hours, reaching 139K active wallets. It also recorded a 55% increase in the number of transactions, totaling 140K. pic.twitter.com/Ot5ESqJ2Sz…

On October 10, Bitcoin (BTC) briefly dipped below the $60,000 mark, stirring speculation that it might miss the traditionally bullish trend known as “Uptober.” However, recent price momentum over the past week hints at a stronger end-of-month performance, aligning with historical data that often sees Bitcoin rally as October concludes. Currently, BTC trades at $68,563. This on-chain analysis highlights indicators suggesting BTC could push past the $73,000 level soon. Indicators Favor Bitcoin’s Uptrend CryptoQuant’s analysis shows that the US-to-Rest Reserve Ratio—measuring Bitcoin holdings by US entities versus others globally—was a significant contributor to BTC’s surge past $73,000 in March. This…

OpenMoneyDAO, a leading decentralized finance (DeFi) protocol, is excited to announce its recent partnership with KyberNetwork. By collaborating its stablecoin, omUSD into the KyberSwap platform, OpenMoneyDAO promises to elevate the trading experience of omUSD holders. With the help of KyberSwap’s advanced aggregation technology, the protocol enables seamless yet efficient cross-chain transactions. https://twitter.com/OpenmoneyDAO/status/1856989807182057884 OpenMoneyDAO’s omUSD is Now Available on KyberSwap The stablecoin, omUSD, can now be traded on multiple blockchains. Through this integration, the users gain access to better prices with minimal slippage. KyberSwap allows omUSD holders to execute trades at the most optimal rates while ensuring cost-effective transactions. Moreover, KyberSwap…

Terra has permanently closed the Shuttle Bridge and burned all remaining tokens. This marks the end of the Shuttle Bridge and signals that Terra is focusing on developing its infrastructure. The Terra Shuttle Bridge interface was once a critical access point for the transfer of LUNC and USTC assets across Ethereum, BNB Chain, and Harmony. The announcement indicated that it has now reached its final phase. On August 28, the Terra platform Terra encouraged users to redeem their tokens as soon as possible and set a clear deadline tied to Terraform Labs’ Chapter 11 plan, which called for a closure…

Bitrue, a popular crypto exchange, has announced the integration of GalaChain Main Net of Gala Games. As per Gala Games, the partnership with Bitrue focuses on offering simplified trading, signifying a unique epoch of more secure and effective token management. Gala Games disclosed this integration in a comprehensive press release on its official web portal. Exciting news! GalaChain integration with @BitrueOfficial is here!Exchange $GALA on Bitrue without leaving GalaChain – no need for bridging to Ethereum. Lower fees, more convenience. Get ready! #GalaChain #Bitrue #Web3Read the blog 👉 https://t.co/ALtwviQmHy — Gala Games (@GoGalaGames) November 13, 2024 Bitrue and Gala Games…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. A month ago, Solana’s onchain demand metrics spiked to all-time highs after a viral AI memecoin set the trading world alight with fresh interest in AI-crypto integrations. The joke at the time was that a weird AI chat bot had upstaged Donald Trump’s World Liberty Financial crypto token launch. That order of things wouldn’t last long however, as Trump’s presidential election win sent crypto markets surging and overshadowed the resurgent AI-crypto interest. Still, the AI projects spawned and spotlighted during October’s rally have continued apace, even if…

Bitcoin technical analyst “Titan of Crypto” shared insights indicating a high probability for Bitcoin to reach $158,000, supported by a bull pennant pattern and rising monthly RSI levels, in a post on X. #Bitcoin $158,000 is Inevitable 🚀 With a Bull Pennant unfolding and the monthly RSI climbing back above its moving average, #BTC is gearing up for a higher move! pic.twitter.com/ldatmzKrcb — Titan of Crypto (@Washigorira) October 28, 2024 The bull pennant pattern, identified on the chart, is a continuation signal that typically follows a significant price surge, suggesting Bitcoin may be primed for another strong upward move. The…

Aave is gauging the interest of its community for deployment on Bitcoin layer-2 network Spiderchain. Spiderchain’s builder, Botanix Labs, developed the blockchain to be compatible with other networks that use EVM, the software that powers Ethereum and enables smart contracts. Aave, the largest decentralized-finance (DeFi) lending platform, is canvassing its community to gauge the level of interest in deploying on the Bitcoin layer-2 network Spiderchain. The Aave-Chain Initiative (ACI), the driving force behind the protocol, published a call for comments on the proposal by Spiderchain developer Botanix Labs to expand the lender with more than $17 billion in total value…

Crypto.com has enhanced its presence in Australia with its latest acquisition of Fintek Securities, a brokerage service and trading company holding an Australian Financial Services (AFS) licence. Announced today (Thursday), the acquisition of the Australian Securities and Investments Commission-regulated company will allow the cryptocurrency company to offer deposit products, derivatives, securities, foreign exchange, managed investment schemes, and other products. Upcoming Product Details Remain Unknown Although Crypto.com highlighted that the upcoming products in Australia will be available only to “eligible users,” it did not define the target group. The details of the launch of the new services and products have yet…