Author: NBTC

The research, which focuses on Circle’s USDC stablecoin, is part of a series of posts on restaking by crypto research firm Gauntlet. USDC Provides Unique Benefits as Restaking Collateral Restaking – the practice of staking cryptocurrencies like ether (ETH) on multiple protocols to generate additional yield – can now be accomplished with ERC20 tokens, including popular stablecoins such as USDC. Ethereum research firm Eigen Labs, the company behind restaking platform Eigenlayer, announced ERC-20 token restaking in August. But why would a node operator hold a stablecoin as collateral instead of another type of token – typically a much more volatile…

Wall Street giant JPMorgan (JPM) turned more bullish on some bitcoin (BTC) mining stocks in its coverage following third quarter results and recent gains in bitcoin price and the network hashrate, the bank said in a report on Tuesday. The bank upgraded Cipher Mining (CIFR) and CleanSpark (CLSK) to overweight from neutral. JPMorgan also introduced a new price $8 price target for Cipher, and raised its CleanSpark price target to $17 from $10.50. MARA Holdings (MARA) was also upgraded to neutral from underweight and raised its price target on the stock to $23 from $12. The U.S. bank downgraded IREN…

Aptos (APT) is celebrating two years of operations, and the protocol has outlined several of its achievements during this period. The record of 1.7 billion transactions on the blockchain is among its most profound milestones. Multiple achievements on Aptos blockchain In an X post, the popular “Solana Killer” recounted the last two years while highlighting its goals for its third year. Aptos has accumulated over 27.7 million all-time active addresses in this period, reflecting the network’s traction. The peak transactions per second value during this time is 13,367. Happy Birthday, Aptos!In just two years, here’s what we have accomplished together…

Bitcoin’s resilience has been demonstrated once more by the consistent inflows into spot ETFs. A record $440 million net inflow was recorded by Bitcoin spot ETFs on Dec. 10, the ninth day in a row of steady inflows. With Fidelity’s FBTC ETF coming in second with $210 million daily inflow and BlackRock’s IBIT ETF leading the way with $296 million daily inflow, this momentum shows that BTC still has some resources for growth. The steady flow of institutional investments shows growing faith in Bitcoin’s potential, particularly as regulations surrounding spot ETFs become more clear. The price of Bitcoin receives a…

Flash loans can be described as groundbreaking within decentralized finance (DeFi) space. They can be described as a peculiar financial instrument created due to the use of blockchain. These loans are revolutionizing how business transactions can be made. Flash loans are unlike typical loans which are unsecured, and the reimbursement happens simultaneously with the transaction on the blockchain. This opens more opportunities for users of DeFi to engage themselves and the DeFi protocols in different ways. What Are Traditional Loans? In order to explicate flash loans, one has to begin with the conventional loans. There are two main types: secured…

OKX Ventures’ investment adds to the recently launched $10 million Telegram Growth Hub. The $5 million investment in TON Ventures targets growth for Telegram-powered apps on TON blockchain. OKX Ventures, the investment arm of global crypto exchange OKX, has invested $5 million in TON Ventures to bolster the development of Telegram-powered TON applications. The OKX Ventures team announced the investment in The Open Network blockchain’s dedicated venture capital fund on Dec. 10. Per the announcement, the investment will go into efforts to accelerate the TON ecosystem’s developer ecosystem. “This investment, alongside our recently launched Telegram Growth Hub, demonstrates our long-term…

Despite a massive $1.1 billion in trading volume over the past 24 hours, XRP remains in the red, with the price struggling to gain traction. According to CoinMarketCap data, XRP’s trading volume has decreased by 21.2% in the previous 24 hours, indicating a slowdown in activity, even as the broader crypto market experienced a rebound. The larger cryptocurrency market is currently undergoing a recovery, with Bitcoin leading the way by surpassing $68,000. Much of the market rose as Bitcoin reclaimed the $68,000 mark. However, this recovery has not been mirrored by XRP, which remains in the red despite slight losses.…

Changpeng Zhao, or CZ as he is known in the crypto community, did not hold back when revisiting his early Bitcoin journey. The former Binance CEO told the strange story of buying Bitcoin in 2014, a time when the market seemed almost determined to test his resolve. He entered during a bear market and, with little money on hand, found himself unable to buy the dips or take profits during the slump. It was a rocky start, to say the least. But the story does not end there. What may sound like an unremarkable tale of bad timing has taken…

Avalon Finance has announced the integration of its stablecoin, USDa, onto the Core blockchain network. Positioned as “Bitcoin Money,” USDa offers a fixed borrowing rate and high yields, solidifying its place in the burgeoning Bitcoin DeFi (BTCFi) ecosystem. The launch on Core promises to redefine stablecoin utility, combining security, decentralization, and scalability. Big news! @avalonfinance_ is bringing USDa to Core🔶 A stablecoin offering yield and a natural fixed borrowing rate.Read more about it👇 https://t.co/JcdrcrtxRK — Core DAO 🔶 (@Coredao_Org) December 10, 2024 USDa is a Bitcoin-backed stablecoin designed to provide users with a yield of up to 15% while maintaining…

Hyperbolic, a startup focused on decentralized AI computing and inference services, announced on Tuesday it raised $12 million in a Series A funding round led by Variant and Polychain Capital. The round drew participation from a wide array of investors, including Lightspeed Faction, Bankless Ventures, and Wintermute Ventures. Angel investors included Sreeram Kannan of EigenLayer and Alex Atallah of OpenRouter. It brings the company’s total funding to $20 million as it seeks to expand its footprint in the burgeoning AI and Web3 markets, the company said in a statement. The San Francisco-based firm is building a decentralized GPU marketplace and…