Author: NBTC

A new proposal to hardcode the price of Ethena’s USDe to match Tether’s stablecoin USDT in Aave’s pricing feed has seen huge pushback from community members. The proposal, jointly authored by Chaos Labs and LlamaRisk claims to protect Aave users from secondary market fluctuations. According to the proposal, Chaos Labs and LlamaRisk, a member of Ethena’s risk committee, want to align sUSDe Oracle to USDT’s pricing. This would ensure seamless integration, and eliminate disruptions caused by transient price fluctuations in USDe. Aave is one of the biggest decentralized finance (DeFi) lending platforms, boasting a total value locked (TVL) of $37…

PEPE is seeing increased whale accumulation as price bounces near key level. The meme coin could explode amid further buy-side pressure. Pepe (PEPE) has recorded a notable increase in price amid bullish momentum. However, bulls could see another huge move as the surge in whale activity points to long term positioning. Per market data, the meme coin’s holder composition had a net inflow of 580 billion PEPE and an outflow of 534 billion PEPE on Dec.3. As the market trends indicate Pepe whale accumulation, this outlook suggests a potential impact on price as buying pressure mounts. PEPE whale activity According…

On New Year’s Eve, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, outlined basic principles advocating for a more refined approach to cryptocurrency regulation by the U.S. Securities and Exchange Commission (SEC) Alderoty’s Regulation Scope Details In his statements, Alderoty emphasized the importance of limiting the SEC’s jurisdiction to securities transactions while avoiding overreach into general asset sales without attached contractual rights or obligations. Stuart Alderoty outlined his expectations for a legally grounded approach to cryptocurrency regulation by the U.S. Securities and Exchange Commission in 2025. Stuart Alderoty shared the six principles that guide the SEC’s cryptocurrency regulation. In a post…

Bitcoin (BTC) can visit the zone below $88,000 before resuming its push towards the $100,000 threshold if further downside is registered, according to a Glassnode report. The report highlighted a critical “air gap,” as BTC’s rapid rally has left minimal trading activity between $76,000 and $88,000, creating an underdeveloped price range that could draw market focus if the current pullback persists. However, this price action is natural in price discovery phases, which often involve cycles of rallies, corrections, and consolidations to establish stable price ranges. Observing supply distribution during price discovery phases is fundamental to revealing supply and demand zones…

Solv Protocol, a prominent Bitcoin staking platform, is facing allegations of inflating its total value locked (TVL) figures. Industry experts have raised these accusations, which question the platform’s asset-handling practices and the accuracy of its reported metrics. However, the platform’s team has strongly denied these accusations, labeling them as unfounded and an attempt to spread fear and misinformation. Concerns Arise Over SolvBTC’s Asset Handling On January 3, Hanzhi Liu, co-founder of Nubit, brought attention to potential irregularities in Solv Protocol’s operations. Liu alleged that blockchain data suggests the platform recycles the same Bitcoin across multiple protocols instead of locking unique…

CryptoAutos, the world’s first crypto-powered luxury car marketplace, integrated with Hedera Hashgraph (HBAR), marking a landmark development in the automotive marketplace. With this integration, CryptoAutos is redefining the way users purchase high-end vehicles using cryptocurrencies. Hedera’s Integration with CryptoAutos The integration into CryptoAutos marks a significant upgrade to the platform’s capabilities. Hedera’s advanced blockchain technology offers near-zero transaction fees, secure settlements, and unmatched reliability, making it a perfect match for CryptoAutos. This integration enhances the platform’s user experience while providing a gateway to Hedera’s strong community, expanding CryptoAutos’ reach globally. Hedera’s near-zero transaction fees and instant finality enable CryptoAutos to…

The sun is setting on Gary Gensler’s tenure as US Securities and Exchange Commission (SEC) chair, which means all the attention now turns to the agency’s upcoming filing deadline in the ongoing legal tussle with Ripple. The SEC is expected to file its opening brief before January 15, the deadline extended by the 2nd Circuit Court of Appeals. The SEC, led by Gensler, is set to continue its appeal in the Ripple lawsuit. With a few days left on the calendar before Trump appointee Paul Atkins assumes the head office, former SEC lawyers Marc Fagel and James Farrell have affirmed…

Bitcoin price momentum has grabbed significant attention as it gradually sheds some of its gains acquired in the past weeks. So far, Bitcoin has plunged 7.6% from its all-time high (ATH) of $99,645 seen last week. Particularly, at the time of writing, the asset trades for $92,476. Marking roughly 4.6% drop in the past day alone. What To Expect From This Current Bitcoin Decline Amid the ongoing correction in Bitcoin’s price, a recent analysis from CryptoQuant’s BaroVirtual has highlighted the steady decline in Bitcoin reserves across major crypto exchanges. According to the analyst, this pattern indicates a market amid a…

In a significant move, Quantum AI has announced a new partnership with Rabbit, a leading provider of decentralized services in the DeFi space. The news about this collaboration was shared via Quantum AI’s official X account. This is a major improvement on the evolving decentralized finance (DeFi) technology. 🌓 Partnership Announcement: Quantum AI x @therabbit_io !We’re excited to introduce our collaboration with Rabbit!Rabbit provides an ever-growing suite of decentralized services that aim to bring value to the DeFi space by delivering disruptive, flexible, and audited… pic.twitter.com/HTEb62A0WH — Quantum AI (@QuantumTon) January 4, 2025 Rabbit Launchpad Promises Secure Fundraising for DeFi…

In a recent update shared by Intersect, Cardano has announced the introduction of Plan 529, a significant step toward its upcoming Plomin hard fork upgrade. In late November, the hard fork working group decided to name the upcoming intra-era hard fork after Matthew Plomin, a dedicated Cardano community member and the cofounder of Cardano USDM stablecoin, who passed away in November. The hard fork was originally known as Chang 2 hard fork. According to Cardano member-based organization Intersect, Plan 529 encapsulates preparations necessary for the mainnet hard fork governance action, set to be raised during epoch 529. https://t.co/jl1KE4oJng — Intersect…