Author: NBTC

In the ever-evolving world of cryptocurrency, Pendle has emerged as a beacon for yield trading enthusiasts, marking a significant milestone with a total value locked (TVL) of $4 billion. The platform, known for its innovative approach to yield-bearing assets, has seen its trading volumes soar to an impressive $10 billion. This surge is a testament to the platform’s growing popularity and the increasing interest in liquid restaking tokens and yield trading. A Novel Approach to Yield-Bearing Assets Pendle distinguishes itself by offering a unique trading experience where yield-bearing assets are divided into two components: the underlying asset and the yield.…

Crypto exchange Binance has announced that its NFT marketplace will no longer support Bitcoin Ordinals. In a blog post, Binance noted that the decision to axe support for the NFT-like inscriptions was taken “as part of its ongoing efforts to streamline product offerings” on its NFT marketplace. From April 18th, users will no longer be able to trade Bitcoin Ordinals on the Binance NFT Marketplace. The exchange also advised users to withdraw their Bitcoin Ordinals from the marketplace before May 18th. The exchange also noted that “airdrops, benefits, or utilities” linked to Bitcoin Ordinals will no longer be supported from…

Ethereum price is struggling to recover above the $3,360 resistance zone. ETH is now showing signs of more losses below the $3,300 and $3,250 levels. Ethereum is facing many hurdles near the $3,350 and $3,360 levels. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a close below the $3,200 support zone. Ethereum Price Signals Downside Ethereum price traded below the $3,300 level before the bulls appeared.…

Vana has secured $200M in funding led by Paradigm, signalling investor confidence. The newly launched Reddit Data DAO empowers users with data control and rewards. Users vote on data usage, challenging traditional models of data ownership. Vana, a San Francisco-based startup, has introduced a groundbreaking initiative, the Reddit Data DAO, or r/datadao, empowering Reddit users to take charge of their personal data. The launched decentralized autonomous organization (DAO) revolutionizes data ownership on the popular social media platform, offering users rewards for contributing their Reddit data and a say in its utilization. Reddit Data DAO revolutionizes data ownership Vana’s Reddit Data…

Token Terminal, known for its sophisticated data analytics tools, will now incorporate TRON network data into its platforms, including Terminal Pro, API and Data Room. The integration will allow investors and analysts to conduct an in-depth analysis of TRON’s on-chain activity, financial performance and comparative effectiveness with other blockchain projects. Token Terminal’s comprehensive set of analytical tools allows users to monitor trending contracts and wallets on the TRON network, assess user retention rates and analyze stablecoin statistics. Additionally, quality information such as research articles and podcast updates provide deeper contextual understanding of the dynamics of the TRON ecosystem. This collaboration…

Wormhole’s newly released cross-chain protocol W token is delivering traders 999% weekly returns as long as it is not maxed out on Kamino, a decentralized finance (DeFi) platform on Solana. Yield can be earned by pairing W with JitoSOL (JTO) and locking both tokens in the liquidity pool on Kamino. The rewards offered are over 3,300 W and 666 JTO per day, totaling $7,000 currently, plus a portion of the trading commissions generated in the W pool and JitoSOL. JitoSOL is a token that is issued when a user stakes Solana (SOL) tokens on Jito, a separate protocol also based…

Pandora, an Ethereum collection based on the ERC-404 experimental token standard, led the market in sales over the 24 hours to noon ET, according to CryptoSlam data. ERC-404 tokens are semi-fungible assets that combine the features of fungible tokens and NFTs. According to Pandora’s X account, ERC-404 allows NFTs to “remain relevant in the memecoin supercycle” by allowing projects to launch both an NFT collection and memecoin at once. Bored Ape Yacht Club, a regular in the market’s top collection rankings, came in second on Thursday. The blue-chip NFT collection from Yuga Labs raked in US$1.5 million in sales. Azuki,…

VanEck believes that Ethereum‘s Layer-2 protocols will hit a collective $1 trillion market capitalization by 2030, according to a new research report published on April 3. The prediction was revealed in a detailed analysis led by VanEck senior investment analyst Patrick Bush and head of digital research Matthew Sigel. VanEck’s forecast of a $1 trillion market cap for Ethereum Layer-2s by 2030 reflects a belief in the technology’s potential to significantly enhance blockchain scalability and efficiency, marking a notable shift in the landscape of digital assets and their underlying technologies. Solving scalability The investment firm’s analysis assessed the burgeoning Layer-2…

Hey there! Let’s talk about something spicy, all pun intended. Guys I want us to talk about the kimchi premium. Sounds a lot like your favorite fancy type of fermented vegetable, doesn’t it? I know. I love kimchi too. But actually, ‘kimchi premium’ is a term from the crypto industry that intrigues me more than likely anything else at the moment. For those who are scratching their heads, wondering why their favorite Korean side dish is mingling with cryptocurrencies, let me break it down for you. The kimchi premium is this peculiar phenomenon where the price of cryptocurrencies, especially Bitcoin,…

A recent journal from the American Institute of Physics has recognized Ripple’s efforts in the cross-border payment market, which leverages XRP. The study aimed to uncover the implications of blockchain technology advancement on global industries. One of the examined perspectives related to remittance transactions, a market Ripple and XRP dominate. Pseudonymous XRP community figure WrathofKahneman called attention to Ripple’s recognition in a recent post on X. #Ripple cited in American Institute of Physics article, ” Impact of Blockchain Technology Development on Industries in the Context of Entrepreneurial, Marketing and Management Perspectives Worldwide” for xborder tx’s & remit. Inc crypto; implication:#XRPhttps://t.co/M3k6lnwquW…