Author: NBTC

Nifty Island, an Ethereum-based metaverse gaming platform, announced that its ISLAND token launch will take place on December 17. The project recently concluded its play-to-airdrop campaign, a nine-month program that allowed Nifty Island users to collect rewards in anticipation of the eventual ISLAND token rollout. Users from the play-to-airdrop campaign will share 12.5% of the ISLAND token supply, an increase of 25% from the initial token distribution details. Every community. Infinite islands. One token. The dream of an open game world powered by web3 will be fulfilled. On 12.17 $ISLAND TGE arrives 🏝️ pic.twitter.com/9K54xETGyX — Nifty Island 🏝 (@Nifty_Island) December…

Bitcoin (BTC) surged to new heights today, revisiting levels last seen in July after closing above the critical $66,000 resistance yesterday. Though an overnight dip nearly tested the psychological barrier of $65,000, a renewed momentum is now driving the cryptocurrency toward the highly anticipated $70,000 milestone. Data from TradingView reveals that the cryptocurrency briefly touched a high near $67,944 before retreating slightly to $66,823 at press time. Despite the minor dip, the token remains up 1.55% over the past 24 hours, reflecting continued bullish sentiment. This latest rally follows a week of steady inflows, with some analysts attributing it to…

Ethereum remains the leading platform in decentralized finance (DeFi), as the TVL across its platforms has soared by $4.81B in the past week. This increase represents a much higher upsurge than other blockchain platforms, such as Base and Hyperliquid, which experienced a worthy but comparatively low increase of 302.02M and 290.21M, respectively. In the past 7 days, #Etherum’s TVL increased by $4.81B, #Base’s TVL increased by $302.02M, and #Hyperliquid’s TVL increased by $290.21M.Funds have flowed into #Ethereum, #Base, and #Hyperliquid. pic.twitter.com/YDZOGU0Esc — Lookonchain (@lookonchain) December 2, 2024 Ethereum Solidifies Its Position The $4.81 billion growth of TVL proves that Ethereum…

MicroStrategy’s Bitcoin strategy relies on selling equity at a premium but faces risks from market volatility and regulations. Pompliano warns that overconfidence in MicroStrategy’s Bitcoin acquisitions could lead to significant investor oversights. Trump’s pro-Bitcoin stance may influence U.S. policies, possibly boosting cryptocurrency adoption and creating a Bitcoin reserve. MicroStrategy’s approach to acquiring Bitcoin through convertible debt continues to draw attention. Anthony Pompliano recently discussed the math and risks of this strategy in detail. The company raises capital by selling future equity at a 55% premium to its current stock value. These funds are then used to purchase Bitcoin, making the…

The team behind the Shiba Inu decentralized exchange (DEX), ShibaSwap, confirms that ShibaSwap 2.0 will be released sooner than expected. ShibaSwap’s team confirmed the development today in an X post. In the post, the team shared a clip teasing the imminent launch of ShibaSwap 2.0 with the caption, “sooner than you expect.” Here, sooner than you expect…📍 2️⃣.0️⃣ pic.twitter.com/Gm891AIR9B — ShibaSwapDEX (@ShibaSwapDEX) October 23, 2024 This indicates that the development of ShibaSwap 2.0 is nearing completion and will soon be released for public use. ShibaSwap 2.0 Imminent Launch Excites Community As expected, the announcement triggered excitement within the Shiba Inu…

Data shows that the number of blocks suffering Sandwich attacks in the BNB Smart Chain reached a new record last month. According to data provided by Dune, 35.5% of the blocks in BSC were manipulated by Sandwich attacks, abusing the blockchain’s transparency, immutability and decentralization. This set a new record high for the BSC network. Source: Dune In Sandwich attacks, the malicious actor would put one order before and another right after a large transaction — sandwiching the on-chain transaction — to potentially purchase an asset at a lower price and sell before the victim makes a move. The main…

US spot Bitcoin ETFs have seen a major surge in net purchases, totaling over $1 billion in the last three trading days, according to Farside Investors. Fidelity and BlackRock have been the standout performers, attracting approximately $760 million combined during the stretch. Flows returned in the green last Friday as the Bitcoin ETFs collectively drew in $253 million, ending their brief outflow streak that lasted three consecutive days. On Monday, these funds logged almost $556 million in net inflows, the highest level since early June. Yesterday alone, ETF net buying topped $371 million with no redemptions reported. BlackRock’s IBIT captured…

Aave, a leading decentralized finance protocol, has achieved a remarkable milestone, with its net deposits reaching an unprecedented $31.4 billion. This surge not only places Aave ahead of numerous commercial banks in the U.S. but also showcases a 50% increase in deposits within just one month, climbing from $20.9 billion at the beginning of November. Contents hide 1 How Did Aave Achieve Such Significant Growth? 2 What Are the Implications of New Governance Proposals? How Did Aave Achieve Such Significant Growth? In the past 30 days, Aave has accumulated an impressive $10.4 billion in net deposits, highlighting a strong demand…

Telcoin aims to become the first regulated crypto bank and issuer of stablecoins. Telcoin’s Digital Asset Depository Charter hearing is set for December 5, 2024. Approval of Telcoin Bank’s charter is expected in early 2025 following the hearing. Telcoin, Inc. is set to hold a pivotal hearing for its application to become the first regulated digital asset bank in the United States. The hearing, scheduled for December 5, 2024, will be a critical step in the company’s effort to secure a Digital Asset Depository Charter under the Nebraska Financial Innovation Act (LB 1074, 2024). The public hearing will take place…

The global digital assets industry witnessed another instance of rug pull as an insider sold around 50% of the total supply, bringing the project down. ZachXBT even claims that he leaked the new cabal memecoin deck before they rugged investors. Shar, the newly launched memecoin, allegedly invited investors to join its project for higher returns and even claimed that it has burned 10% of its supply for the community. Later, someone sold around $3.3 million worth SHAR in a single transaction. Insider dumps 500M SHAR tokens As per the data shared by Lookonchaim, an insider sold 500 million SHAR tokens…