Author: NBTC
Conflux Network is partnering with fintech firm AnchorX to launch AxHKD, a Hong Kong dollar-pegged stablecoin, as early as Q2 2024. This move comes on the heels of the Hong Kong Monetary Authority’s (HKMA) launch of a regulatory sandbox for stablecoin issuers last week. Q2 Launch Targeted, Subject to Regulations Fan Long, Conflux CEO, expressed optimism about the launch timeframe, stating, “We hope they [HKMA] could push it as soon as possible. If it’s going fast, maybe in Q2, people will be able to get them from exchanges, which is the fastest possibility.” However, he acknowledged that the final timeline…
BlackRock’s latest foray into real-world asset (RWA) tokenization marks a seismic shift in the financial system. This groundbreaking venture has the potential to unlock a staggering $16 trillion market by 2030. Consequently, propelling the tokenization of real-world assets into an unprecedented growth trajectory. BlackRock Bets Big on RWA Tokenization Real-world asset tokenization is a process that converts the ownership of tangible assets into digital tokens on the blockchain. This innovation democratizes investment opportunities by fragmenting assets such as real estate and commodities into tradeable tokens. It also amplifies liquidity and extends global reach, obliterating geographical constraints for investors. The growing…
Two significant investors, known colloquially as “whales,” have made massive purchases of Pepe (PEPE) coins, totaling an astounding 560.2 billion coins. This development, highlighted by the cryptocurrency analytics platform Spot On Chain, has sparked a flurry of discussions and speculation about the popular meme coin. According to data shared by Spot On Chain, these purchases come as the price of PEPE saw a notable rebound, increasing approximately 11% in the last 24 hours. The substantial acquisitions by the whales coincide with this price rebound after the recent crypto crash, indicating a potentially strategic move to capitalize on fluctuating market conditions.…
Decentralized exchanges (DEX) weekly trading volume fell by 24,5% in the past seven days, according to DefiLlama’s data. Within the top 10 blockchains by traded volume, Polygon’s 40% slump was the worst, followed closely by Avalanche’s 39,5% fall. Not even meme coin’s favorite chain Solana escaped the fall in weekly trading volumes, with a considerable slide of 20%. Base, on the other hand, rose over 64% in the same period driven by its own ‘meme coin mania.’ Starknet also saw positive weekly variation, with 28% more activity in its DEXes. DEXes’ weekly trading volume divided by chain. Image: DefiLlama Tristan…
The FTX bankruptcy estate has reached a deal to sell the majority of its shares in artificial intelligence startup Anthropic to two dozen institutional investors, raising $884 million. According to Friday court filings, the top buyer is ATIC Third International Investment Company, a tech investment company wholly owned by the government of Abu Dhabi’s sovereign wealth fund, Mubadala. ATIC has agreed to purchase 16,664,167 shares of Anthropic from FTX for $500 million. Other buyers include Jane Street Global Trading – an affiliate of the erstwhile employer of former FTX CEO Sam Bankman-Fried – “certain funds” tied to Fidelity Investments and…
A crypto data analyst at Hashed, Subin An on X, has spotted notable developments in the Fantom decentralized ecosystem. According to An, since the DeFi summer of 2020, decentralized exchange (DEX) volume on Fantom has significantly decreased. However, he observed that the monthly active addresses (MAU) during the same period remained above 400,000. Can @FantomFDN lead the DeFi bull market again? Since the DeFi summer, DEX volume has significantly decreased, but MAU have maintained over 400K. it can be observed that the volume of most DEXs has nearly 2X in the past week. 2024🔥🚀?@AndreCronjeTech https://t.co/2apgO3Hpq9 pic.twitter.com/33auouQmdV — Subin An |…
Hackatao, the visionary duo of Web3 artists, debut on The Sandbox with the new surreal NFT game “Hack The Tao”. The game features characters inspired by the world of art and crypto. Hackatao and the new surreal NFT game ‘Hack The Tao’ on The Sandbox Hackatao and Hack The Tao: the new surreal NFT game on The Sandbox The Aleph-0 generative art project Hackatao and the new surreal NFT game ‘Hack The Tao’ on The Sandbox Hackatao, the famous Web3 artist duo, are launching their new NFT-based game on The Sandbox this spring 2024. It’s called “Hack The Tao” and…
Aave’s anticipated partnerships and initiatives set to propel its price beyond $400 soon. The continuous upward trend could see Aave (AAVE) reach $650 by the end of 2024. Market sentiment and stability could elevate Aave to a significant $1000 value by 2025. Aave stands out as a pioneering force, poised for a significant leap in the coming years. As 2024 unfolds, the crypto community watches with bated breath as Aave embarks on a journey of growth and expansion, driven by strategic partnerships and innovative initiatives. Experts predict a bullish future for Aave (AAVE), projecting its price to surge past $400…
Coinbase stock surges 9% to $280.79. Bitcoin has soared by 8.60% in 24 hours to trade at $70,555.18 at press time. Decreasing Bitcoin supply and bullish projections, like $150k by 2024, fuel investor optimism. Coinbase Global Inc (NASDAQ: COIN) experienced a significant surge in its stock price, climbing by over 9% to reach $280.79 per share. This rally in Coinbase shares correlates with Bitcoin’s resurgence, which briefly surpassed the $70,000 mark, after a substantial gain of 8.60% over the past 24 hours. The uptick in Coinbase’s stock price demonstrates investors’ confidence in the cryptocurrency exchange platform, particularly as Bitcoin, the…
A Solana-based meme coin SLERF is not showing performance similar to WIF, PEPE or even SHIB. Meme coins are known for their wild price swings and often move up, driven by fear of missing out (FOMO). SLERF seems to be following this pattern but not bringing any profits. After losing a staggering 6,039 SOL (worth about $1.15 million), this trader sold all their SLERF holdings at a loss. Not learning from the painful hit, they moved their remaining SOL to Binance. Just the day before, the same investor had experienced a loss of 2,793 SOL by buying SLERF with $1…