Author: NBTC

Shiba Inu (SHIB) has continued to pursue new growth triggers on the market, this time focusing on its Decentralized Finance (DeFi) ecosystem. When the team launched Shibarium last year, one of the key expectations hinged on its sustained growth to compete with other layer-2 scaling solutions like Arbitrum. Though the momentum remains relatively slow, Shibarium is finally showing signs that something big is ahead in its DeFi world. Shibarium DeFi boost Per data from DeFiLlama, the Shibarium DeFi currently has a total value locked (TVL) of $4.37 million. This comes after this metric crossed the all-time high (ATH) of $4.81…

Tensor emerges as a cutting-edge NFT trading platform tailored specifically for professional investors. Unlike conventional NFT marketplaces that cater primarily to collectors, Tensor prioritizes the active investor’s experience, aiming to facilitate frequent buying, selling, and converting of NFTs. With TNSR coin set to debut on Binance, the platform seeks to redefine the NFT market landscape. Contents hide 1 What Makes Tensor Different? 2 How Do Investors Benefit from Tensor? What Makes Tensor Different? Tensor distinguishes itself through its focus on providing a highly customizable trading environment. Investors can personalize their trading experiences by adjusting royalty preferences and slippage settings, aligning…

Chromia has officially launched Filehub, its decentralized storage solution, on the platform’s mainnet. This new service offers a secure and scalable way for users to store and access digital files. The news was shared on Chromia’s official X account. The deployment of Filehub marks a significant advancement for the blockchain platform, which is known for its modular framework and ability to support dedicated decentralized applications (dApps). Filehub allows anyone to store their data on-chain and is another tool in our box to create the most usable blockchain.Read more about what Filehub is, how it works, and current and future use…

An ancient Bitcoin wallet was activated earlier this Friday after more than 13 years of dormancy, according to data provided by Whale Alert. The address in question contains 59 Bitcoins (roughly $3.8 million at press time). The recent activation coincided with a significant Bitcoin price surge. Earlier today, the biggest cryptocurrency by market cap managed to briefly reclaim the $64,000 level for the first time since late August. However, it is unlikely that the wallet sprang back to life specifically due to price appreciation since there is no clear pattern of such activations. According to Whale Alert, multiple wallets have…

Threshold Network has proposed further decentralizing BitGo’s Wrapped Bitcoin (WBTC) amid its recent challenges in the DeFi market. On Oct. 9, Matt Luongo, founder of the Bitcoin-focused venture studio Thesis, outlined the goal of expanding the number of signers involved in managing the WBTC asset using the Threshold Network. This proposal follows Threshold Network’s earlier offer to acquire WBTC. At the time, the platform proposed a deal valued at $36.4 million in T tokens to facilitate the transition of WBTC from centralized custody to Threshold’s decentralized model. WBTC’s custody model On Oct. 8, WBTC’s custody shifted to a structure spread…

As per data from IntoTheBlock, looking at the trading volume of NFTs, we can notice some stagnation since July. The level of activity in trading is essentially static, so the data raises the question of whether it is gearing up for a rebound or this is its new normal. NFT trading volumes have remained relatively flat since July. Will there be a resurgence? Or is the market settling into a new normal? pic.twitter.com/Hm47TcrqO5 — IntoTheBlock (@intotheblock) October 10, 2024 Market Overview: From Peaks to Flatlines According to IntoTheBlock, NFT trading has experienced a sharp fluctuating pattern towards the end of…

As the fear of further crypto capitulation in the near term significantly decreased, Bitcoin’s (BTC) price continued with the recent bullish sentiments. In the past 24 hours, Bitcoin price pumped over 3 percent to reach a range of about $64.082, before sliding towards $63,787 on Friday during the early Asian session. Consequently, the total crypto market cap gained by 2 percent to hover about $2.3 trillion at the time of this report. The altcoin industry, led by Ethereum (ETH) and Solana (So), signaled a potential bullish recovery in the coming weeks. Bitcoin Whales Accelerates Accumulation Pace In the past 30…

Decentralized finance (DeFi) protocol Ethena {{ENA}}, issuer of the $2.5 billion yield-generating USDe “synthetic dollar” token, announced Thursday it will invest its $46 million backup fund in BlackRock’s and Securitize’s tokenized fund BUIDL, Mountain’s USDM token, Superstate’s USTB and the new USDS stablecoin of Sky, formerly known as Maker. The protocol’s so-called Reserve Fund will allocate roughly $18 million in BUIDL, $13 million in USDS, $8 million in USDM and $7 million in USTB, according to a governance forum post. USDe generates yield by holding spot bitcoin (BTC) and ether (ETH) while shorting, or selling, equal amounts of BTC and…

German-based real-world assets (RWA) tokenization platform Finest has launched tokenized gold on the Cardano network. In an X update, the tokenization platform announced that the tokenized assets are now live on the Cardano network. Notably, they will boast an initial cap of $150,000 with the ticker for the native Cardano token being fGLD. Real-world asset tokenization (RWA) is a trending narrative in the crypto industry. It allows users to acquire tokenized forms of physical assets like gold, stocks, and real estate. Over $12.15 billion worth of RWAs are on-chain, with some notable crypto key players like BlackRock deeply involved. Tokenized…

STON.fi, the prominent decentralized exchange (DEX) on TON blockchain, recently unveiled Omniston during the London Hackathon. This new liquidity aggregation protocol aims to enhance the efficiency of token swaps within TON ecosystem. Omniston connects various decentralized exchanges (DEXs) and Requests for Quote (RFQ) resolvers to deliver the best possible swap rates for TON-based tokens. This development seeks to redefine accessibility and performance in decentralized finance (DeFi). STON.fi Optimizing DeFi Transactions Omniston is engineered to pool liquidity from multiple sources, which helps users achieve optimal swap rates. By integrating with DEXs and RFQ systems, Omniston addresses users’ challenges in the dynamic…