Author: NBTC

The crypto market reportedly seems bullish after the Federal Reserve cut rate, boosting many cryptocurrencies over the last 24 hours. Pendle ($PENDLE) has popped out to the prominent crypto gainers among other altcoins with a significant surge of 24% over the last 24 hours and 30% during the last week. As per the stats shared by Phoenix, a crypto analytical platform, $PENDLE is trading at $4.10 with a price surge by 18% and seems bullish. COIN OF THE DAY$PENDLE #Pendle pic.twitter.com/89UVsSgTyy — PHOENIX – Crypto News & Analytics (@pnxgrp) September 22, 2024 $PENDLE ranked #94, currently trading at $4.14, is…

An analyst who nailed the pre-halving Bitcoin correction believes BTC and crypto are close to witnessing either a bounce or a sustained reversal. Pseudonymous analyst Rekt Capital tells his 499,300 followers on the social media platform X that Bitcoin and crypto have been seeing strong selling pressure as of late. The analyst thinks that sellers will not be able to maintain the downward pressure for long, opening the doors for crypto bulls to pounce on the market. “Strong market-wide selling as of late. Seller exhaustion is likely on the horizon. Watch for high sell-side volume bars in the short term.…

Losses from exploits in decentralized finance (DeFi) have decreased in 2024, with reported losses hovering just around $1 billion. This is a marked improvement over previous years, when the industry faced numerous breaches. With only $1 billion lost to exploits this year, 2024 is on track to see a significant decline in DeFi-related losses compared to previous years. pic.twitter.com/73SZHspcoF — IntoTheBlock (@intotheblock) October 25, 2024 Data on “Value Lost to Exploits (Excluding Terra)” from July 2020 to October 2024 shows changes in crypto asset losses, with theft activities increasing through 2021 and 2022. The reduced exploit-related losses in 2024 suggest…

The total U.S. Federal debt grew by a whopping $473 billion over the past three weeks to reach a record $35.8 trillion, meaning that the country has taken on $1,450 of debt for every American in that same period. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the rise means that the U.S. now holds “a record $103,700 of debt for every American.” On top of that, interest payments this year have reached $1.16 trillion, meaning it’s the first-ever year in which the figure surpassed $1 trillion, with the country paying $3,360…

The LUNC community burned 726 million USTC from Anchor Protocol, raising hopes for a price rally despite low trading volume. A potential increase in the burn tax to 1.5% could accelerate token burns and support long-term staking rewards in the Terra Luna Classic ecosystem. As highlighted in a recent CNF update, Terra Luna Classic planned to burn 1 billion USTC and 275 billion LUNC. The Terra Luna Classic (LUNC) community recently burned 726 million USTC tokens from Anchor Protocol after passing proposal 12135. This action came after a U.S. bankruptcy court approved Terraform Labs (TFL) to wind down its operations.…

The Depository Trust & Clearing Corporation (DTCC), the world’s largest financial markets infrastructure provider, has launched a digital asset sandbox to address fragmentation and boost tokenization in the capital markets industry. Dubbed the DTCC Digital Launchpad, it will involve financial services providers and tech companies, allowing them to collaborate on pilots “that have a clear path to production.” DTCC is a post-trade market infrastructure company that provides clearing, settlement, and trade reporting services to thousands of financial market participants. In 2023, it processed over $3 quadrillion worth of securities transactions. The sandbox will address fragmentation in asset tokenization. The sector…

The world’s largest crypto is putting in a nice rebound on Monday after an ugly start to September that saw the price fall below $53,000 at one point last Friday. Bitcoin (BTC) at press time was trading just above $57,000, up 5% over the past 24 hours and outperforming the broader market gauge CoinDesk 20 Index’s 4.2% advance. Ether (ETH) continues to struggle relative to the bitcoin and the broader market, ahead 3% to $2,341. The crypto gains are coming alongside an advance for U.S. stocks, which also took a drubbing last week. The Nasdaq and S&P 500 both gained…

Vitalik says a structured governance model is needed for secure upgrades. Decentralization remains crucial, but user participation in governance is low. Vitalik Buterin’s latest piece, “Possible Futures for the Ethereum Protocol, Part 4: The Verge,” delves into critical aspects of Ethereum’s future, focusing on scalability, security, and the need for robust governance mechanisms. Buterin emphasizes the urgency of addressing these challenges to ensure Ethereum’s long-term viability. One core topic Buterin discusses is scalability, particularly the implementation of Layer 2 solutions. He highlights that while Ethereum has made strides with rollups, further innovation is necessary. Rollups, which bundle multiple transactions into…

Japan is still not ready to approve Bitcoin or any other crypto exchange-traded funds (ETFs), despite global markets like Australia, the U.S. and Hong Kong moving forward with theirs. The country is known for its ambitions to lead in crypto, yet regulators remain cautious, especially at the Ministry of Finance. Call it the Mt. Gox PTSD but they are now skeptical about crypto in general. Oki Shiozawa, from Sumitomo Mitsui Trust Asset Management, said it seems almost impossible to convince Japan’s financial authorities to open the door for crypto ETFs anytime soon. Regulation remains tight. The Financial Services Agency (FSA),…

Vietnam has revealed its National Blockchain Strategy, aiming to become a regional leader in blockchain technology by 2030. The strategy, approved by Deputy Prime Minister Ho Duc Phoc, outlines five key actions: perfecting the legal environment, developing infrastructure, cultivating human resources, promoting blockchain development, and promoting research and international cooperation. 📢JUST IN: VIETNAM OFFICIALLY RELEASES ITS NATIONAL BLOCKCHAIN STRATEGY — BSCN Headlines (@BSCNheadlines) October 23, 2024 The government plans to establish 20 prestigious blockchain brands, maintain three blockchain testing centers, and rank among the top 10 blockchain training institution in Asia. The Ministry of Information and Communications, Government Cipher Committee,…