Author: NBTC

NFT Staking — A unique and innovative way crypto investors use not only to buy non-fungible tokens but earn rewards and other privileges by locking them on a platform or protocol — has just gone better. Enterprise DAO-powered by Terra Money has now enabled cross-chain NFT staking for Cosmos chains including Terra, Stargaze, Juno, and soon Terra Classic. Enterprise Protocol Enables Cross-Chain NFT Staking Enterprise DAO unlocked the cross-chain functionality for Cosmos chains by launching the cross-chain NFT staking. The Terra-powered platform helps to easily and efficiently create, manage, and grow DAOs within Cosmos. In January, the platform enabled cross-chain…

Ethereum price prediction threatens a major tailspin after the successful mainnet launch of the Dencun Upgrade. The second-largest cryptocurrency briefly climbed to $4,087, testing its recent highs ($4,087) on Wednesday before sliding below the previous day’s open of $4,008. Trading at $3,955 on Wednesday, ETH price has sustained a 2.5% drop in the last 24 hours. Its trading volume is down 20% in the same period, hinting at declining interest among traders. With a market cap of $477 billion, Ethereum comfortably sits in the second position below Bitcoin’s $1.4 trillion cap. Ethereum Price Prediction: What’s Next After Dencun Upgrade Ethereum…

A New York-based bank is witnessing the exodus of billions of dollars in deposits amid an industry-wide warning from Fed Chair Jerome Powell. New York Community Bank’s (NYCB) new earnings report shows total deposits fell from $81.365 billion at the end of start of the year to $77.2 billion on March 6th – a drop of $4.165 billion in less than three months. NYCB’s declining deposits come amid concerns about the bank’s commercial real estate exposure and its overall balance sheet after the firm’s acquisition of a majority of Signature Bank after its failure a year ago. The bank’s declining…

After forcing advertisers to pay for Telegram broadcast channel advertisements in TON token, Telegram admitted the obvious: Ad payments would quickly account for far more than 10% of the TON supply at Telegram itself. To avoid appearing too centralized, CEO Pavel Durov announced plans to sell Telegram’s TON holdings at below-market prices. He is soliciting investors interested in bidding over $1 million for off-market transactions. Naturally, Durov restated Telegram’s intent to sell TON below current prices as a positive development, emphasizing the supposedly decentralizing effect these sales would have on the TON blockchain network. “Thanks to the participation of more…

Netherlands-based crypto derivatives exchange D2X has secured $10 million in a funding round led by Point72 Ventures to double down on its presence in Europe. Crypto derivatives exchange D2X has announced the successful closure of a $10 million Series A funding round led by Point72 Ventures in addition to other investors like GSR Markets. Although the company’s valuation following the funding was not disclosed, a spokesperson for D2X informed crypto.news that the funding will facilitate the exchange in “attracting liquidity, developing new features, and business development primarily in the EU.” “Point72 being a U.S. investor and leading the funding round…

Quick Take The Bitcoin derivatives market is witnessing explosive growth. Data from CoinGlass reveals that the Bitcoin open interest, measured by the total amount of funds committed to open futures contracts, has soared to 484,000 BTC, a peak not seen since August 2023. This marks a roughly 20% increase since the onset of February 2024. The CME Group claims a significant share of this action, with 143k Bitcoin held in futures open interest contracts, an all-time high representing 30% of the overall futures open interest market. This surge implies an elevated activity within the futures market. The perpetual funding rate…

Bitcoin price fell to as low as US$65,000 after trading around its all-time high throughout the week but sales volume of the network’s non-fungible tokens (NFT) stole the spotlight on Friday. Bitcoin emerged as the top blockchain for NFTs over the past 24 hours, recording over US$22.2 million, as of 1:40 p.m. ET. This represents an increase of 76.04% from the previous day’s sales of US$12.6 million. The number of NFT transactions also rose by 19%, from 5,744 to 6,835, indicating a surge in activity on the Bitcoin blockchain. Following closely behind Bitcoin are Ethereum and Solana, which ranked second…

The 120,000 ether deposited was acquired in February, when ETH was worth around $2,800. Ether.Fi is nearing $3 billion in TVL ahead of its governance token release later this month. A wallet tagged as belonging to Tron founder Justin Sun deposited 120,000 ether (ETH) worth $480 million to liquid restaking protocol Ether.Fi, according to blockchain data. The protocol, which raised $23 million last month ahead of announcing the release of its native token, is now nearing $3 billion in total value locked, DefiLlama data show. Ether.Fi also recently announced a $600 million deal with the Omni Network to help secure…

The financial markets have witnessed an influx into both cryptocurrency funds and US equity funds. Strategists at Bank of America, utilizing data from EPFR Global, have reported that for the week ending March 13, there was a notable surge in investments, marking a historic period for asset allocations. ❖ US stocks, crypto funds attract record weekly inflows: BofA Strategists at Bank of America led by Michael Hartnett have observed a significant movement of funds across various asset classes for the week ending March 13. The spotlight this week was on U.S. stock funds, which… — *Walter Bloomberg (@DeItaone) March 15,…

The XRP Ledger (XRPL) witnessed a massive spike in the XRP burn rate amid a price surge that saw XRP breach the much-coveted $0.65 price territory. The broader crypto market saw a resurgence of bullish momentum, and XRP was not left out in the rally. XRP began March below the pivotal $0.60 level, changing hands at $0.5868. Nonetheless, the token quickly broke through major resistance levels to close on March 1 at $0.6013. This slow but gradual price uptick spilled into March 2, resulting in a surge to a high of $0.6501, as XRP recorded one of its most bullish…