Author: NBTC

AAVE’s DeFi metrics are surging, yet its token price remains over 50% below its all-time high (ATH) of $666.86. Arthur, Founder and CIO of DeFiance Capital, highlighted this discrepancy, pointing out that AAVE’s protocol metrics have surpassed previous ATH levels while its token valuation lags. This disconnect raises questions about what’s holding the token back despite its impressive on-chain performance. Protocol metrics of @aave already exceed ATH by wide margin but the price is still >50% below ATH.Stablecoin supply also significantly higher compare to 2021 which power DeFi.Higher pic.twitter.com/EiMZk0Anoj — Arthur (@Arthur_0x) December 12, 2024 The platform boasts a total…

Mountain Protocol, the issuer of the USDM stablecoin, announced an integration of Chainlink CCIP. This cross-chain interoperability platform aims to increase user security and usability. However, Chainlink’s own LINK token has stagnated recently despite a series of prominent CCIP integrations. Mountain’s Deal with Chainlink Mountain Protocol, the issuer of stablecoin USDM, announced a new integration with Chainlink CCIP. This industry standard for cross-chain interoperability will facilitate smooth and secure token transfers on participating platforms, including prominent chains like Ethereum, Arbitrum, and Polygon POS. Read More: What Is Chainlink (LINK)? The method of processing these cross-chain transactions was described in detail…

Ripple went all-in on politics this year — and it paid off spectacularly. The oldest, most experienced, and wealthiest altcoin-focused company, Ripple’s multi-year initial coin offering (ICO) started in February 2013 and ultimately raised $1.3 billion — a breathtaking sum during crypto’s early years. Three of the project’s co-founders, Chris Larsen, Brad Garlinghouse, and Jed McCaleb, are now billionaires and the market cap of its flagship XRP token is up $88 billion year-to-date. Working in the industry for over a decade, its leaders have learned what types of activities do and do not make an impact. As one of the…

Backpack Exchange records $60B trading volume, now integrates Sui for multichain growth. Sui gains Backpack wallet support, enabling secure storage and seamless asset management. Sui ranks 8th in TVL at $1.5B as integrations with Backpack and Phantom boost adoption. Backpack, a popular wallet and exchange platform, has partnered with Sui, a Layer 1 with esteemed scalability and speed. This integration will enhance the utility and ease of assets for users worldwide. Backpack, a trading platform that targets users in over 150 countries, has conducted over $60 billion in trading volume since its launch a year ago. This collaboration helps Sui…

Bitcoin (BTC) traders could be in for another thrilling ride. A key technical indicator that presaged November’s price surge is positioned precisely as it was then, signaling a potential volatility explosion ahead. That indicator is the Bollinger bandwidth, a tool used to gauge impending changes in market jumpiness. For bitcoin, the bandwidth has narrowed to less than 10%, a level not seen since Nov. 4, the day before the U.S. elections. The largest cryptocurrency subsequently surged to $100,000 from $70,000 in four weeks. Bollinger bands mark levels two standard deviations above and below the 20-day moving average of an asset’s…

Solana’s nearly $500 million decentralized finance (DeFi) derivatives market is getting a new participant, one that’s looking to take a slice of all the other venues’ pies. Ranger Finance is an aggregator service that wants to be for perpetual futures what Jupiter is to spot swaps: Solana traders’ de-facto homepage for an entire category of on-chain trading. “We want the Solana ecosystem to compete with your massive decentralized exchange (DEX) players — Hyperliquid, dYdX, Vertex — and currently the best way to do that is via aggregation,” said Ranger co-founder Barrett, a DeFi veteran who also runs the biannual mtnDAO…

Ethereum’s price has struggled to close above the $4,000 mark for the second time in the last six months. Despite rallying close to this key psychological level, ETH was unable to maintain its position, signaling the need for a stronger bullish conviction to push the price past this barrier. The failure to sustain above $4,000 suggests that investors are hesitant, with profit-taking likely playing a key role in halting the momentum. Ethereum Whales Accumulate Whale addresses holding between 10,000 and 100,000 ETH, which have demonstrated strong accumulation over the past five days, purchasing a combined total of 400,000 ETH worth…

The XRP community is discussing the potential introduction of native staking or lending functionalities on the XRP Ledger (XRPL). Despite being over a decade old, XRPL lacks these features, forcing XRP holders to rely on third-party platforms for yield-earning opportunities. This conversation is now gaining traction, with key voices from the XRP ecosystem making contributions. Introducing Native Staking on the XRP Ledger Most recently, Mickle, an XRP community figure, proposed the idea of XRP staking, suggesting someone take up the challenge of making it a reality. He pointed to Babylon Labs, a Bitcoin staking protocol, as an example of how…

Acceptance Covers USD₮ on Ethereum, Solana, and Avalanche Blockchains; Enhances Opportunities for Licensed Entities in ADGM 10 December 2024 – Tether, the largest company in the digital assets industry, has announced the acceptance of USD₮ by the Financial Services Regulatory Authority (“FSRA”) as an Accepted Virtual Asset (“AVA”) in the Abu Dhabi Global Market (“ADGM”). This approval enables Authorised Persons operating and licensed by the FSRA to offer pre-approved services related to USD₮, advancing the region’s leadership in digital asset innovation. This announcement comes amid the rising adoption of digital currencies in the United Arab Emirates (UAE), reflecting the nation’s…

Cronos, a leading blockchain ecosystem and the first blockchain that interoperates between Ethereum and Cosmos, has announced the Cronos EVM v1.4.0 Pallene upgrade, which enables parallel transaction processing to increase transaction speed by up to 600 times, as shared with Finbold on Thursday, December 12. ⚡Upgrade complete: Pallene is here! Cronos EVM is now running 600x faster with up to 60,000 TPS — setting the stage for a new era of scalability.Learn more about Pallene upgrade: https://t.co/kL2HDlMkuU https://t.co/0M67bU39Uq — Cronos (@cronos_chain) December 12, 2024 The new feature implements Block-STM technology to enhance the blockchain’s scalability by allowing parallel transactions within…