Author: NBTC
In a groundbreaking development within the realm of decentralized finance (DeFi), Mantle Network (MNT) users have earned a staggering $1.19 million in Ethena (ENA) rewards. This monumental achievement underscores the burgeoning potential of decentralized technologies and their capacity to generate substantial returns for participants. The news broke via a tweet from Lookonchain, a prominent analytics platform in the blockchain space, heralding the success of eight users who staked over 1 million MNT tokens in the Mantle Reward Station. In return for their commitment, these users received a collective sum of 1.42 million ENA tokens, equating to an impressive average Annual…
The Bitcoin network and its community of users is sprawling and diverse. Fans of the top cryptocurrency can participate beyond mining or inscribing dog pictures or video games by setting up a Bitcoin node, which are essential infrastructure to keep the OG blockchain decentralized and running. What is a Bitcoin Node? While all Bitcoin miners are nodes, not all nodes are miners. A Bitcoin node validates transactions and can run on any computer with the capacity to store a copy of the full Bitcoin blockchain. Currently the Bitcoin ledger weighs in at about 500 GB. A miner, on the other…
Anodos, an XRPL-based Web3 protocol, is looking to introduce institutional DeFi to the growing XRP Ledger ecosystem. Introduced in 2012, the XRP Ledger has not advanced in infrastructure as much as its major competitors, such as Ethereum and Stellar, despite these chains launching years later. For instance, the Stellar network welcomed smart contracts capabilities in February. Meanwhile, the XRPL is yet to implement Hooks on the mainnet. Anodos’ Paridim to Introduce Institutional DeFi on the XRPL Additionally, institutional DeFi on the XRPL remains an untapped territory. Anodos, a Web3 utility resource built atop the XRP Ledger, is looking to explore…
Last week marked a significant shift in the market sentiment for Ethereum (ETH) following the SEC’s unexpected approval of spot ETH exchange-traded funds (ETFs), and market data suggests that ETH is headed for a bull run soon, according to a report from on-chain analysis firm Kaiko. The SEC’s decision came through the approval of 19b-4 filings from major exchanges including NYSE, Cboe, and Nasdaq. This pivotal step precedes the review of S-1 forms from issuers such as BlackRock, Fidelity, and VanEck, with the commencement of trading in ETH ETFs pending these approvals. “With these approvals, the SEC implicitly stated that…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Chainge secures a $13 million investment from GEM Digital and Alpha Token Capital to enhance cross-chain trading efficiency and accessibility. Chainge, a trailblazer in the cross-chain trading space, has announced a significant milestone with a $13 million investment commitment from two prominent digital asset investment firms. GEM Digital Limited, based in The Bahamas, has pledged $10 million, while Alpha Token Capital (ATC) has invested $3 million in Chainge’s mission to change the long tail exchange market. The substantial investment…
As April winds down, the crypto market gears up to witness a significant influx of unlocked tokens worth billions of dollars from crypto projects like Pyth Network in May. Token.Unlocks data shows dYdX (DYDX) has the earliest unlock schedule, with $69.33 million set to be released on May 1 for investors, founders, and future employees. Ethena, the team behind USDe stablecoin, will also unlock ENA tokens worth over $53.6 million on May 1. Following closely is MEME, with a more substantial $136.87 million to be unlocked on May 3. Of this value, 3.45 billion MEME tokens valued over $88 million…
Bitcoin (BTC) and the broader cryptocurrency market fell nearly 10% on Saturday, with the price of the largest digital asset briefly falling below $62,000 before recovering to around $64,000 as of press time. It wasn’t alone: other major digital assets saw similar falls over the past 24 hours, including ether (ETH), which fell 7% to just under $3,000, BNB (BNB) (down 9%) and solana (SOL) (down 12%), according to CoinGecko. Trading volume has risen over that same time period. The decentralized finance (DeFi) sector has been hit particularly hard as a result of the market chaos, with depressed prices forcing…
Pendle is leading the way for a trend of DeFi 2.0, a new batch of networks building up its liquidity. Some projects in DeFi 2.0 are trending and often surpassing the growth of Bitcoin (BTC). DeFi 2.0 includes new L2 scaling networks, which have grown their infrastructure in the past few years. DeFi 2.0 designates multiple narratives, but recent analysis considers several representative projects. Pendle emerged as the rational leader in price growth, both in dollar terms and against BTC. Other projects in the DeFi 2.0 niche include Trader Joe (JOE), GameX (GMX), Instadapp (INST), Frax Share(FXS) and DyDx(DYDX). The…
Ethereum price extended its increase above the $3,900 resistance. ETH is now consolidating near $3,880 and might continue to grind higher in the near term. Ethereum started another increase above the $3,850 resistance. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up and test the $4,000 resistance zone in the near term. Ethereum Price Eyes $4,000 Ethereum price remained supported above the $3,650 support zone. ETH started another…
Hong Kong is set to start another trial with retail e-HKD, this time for pricing and distributing mortgages. The Hong Kong Monetary Authority (HKMA) is gearing up to initiate another round of testing of its digital currency dubbed e-HKD, the South China Morning Post reports. This time, HKMA reportedly wants to pilot e-HKD with select participants in such mechanisms as pricing and distribution of mortgages in the region. The report says, citing HKMA, that with e-HKD, Hong Kong residents could potentially borrow from more than one lender at preferential rates and enjoy faster approval and disbursement. It’s unclear though whether…