Author: NBTC

Uniswap Labs showed the bottom line results of its new fee schedule. The increased fees from April onward boosted the DEX bottom line, showing Web3 could be sustainably monetized. Uniswap Labs earned more than $51M for the past six months, after introducing a 0.25% fee for swapping directly on the Uniswap Interface. The convenience of using the Uniswap Labs interface is helping the organization finance its research and growth. The 0.25% fee follows the introduction of a 0.15% fee in Q4, 2023, which only affected selected trading pairs. Based on the lower fee, Uniswap’s annualized revenue would be around $13M.…

The Hong Kong Monetary Authority (HKMA) has launched the second phase of its digital currency pilot program, marking a significant step in its exploration of the digital money ecosystem. This phase expands on the initial pilots conducted 16 months ago, with a more comprehensive approach to testing potential use cases for the e-Hong Kong dollar (e-HKD) and tokenized deposits. The HKMA aims to share its findings with the public by the end of 2025, as part of its broader initiative to unlock the full potential of digital money. The HKMA has selected eleven groups of firms from various sectors to…

IOTA (IOTA) EVM redefines the Decentralized Finance industry with exciting integration with projects that provide cutting-edge solutions. The team has recently highlighted the contribution of its partner, Tide Protocol, to the DeFi ecosystem. Recently, Crypto News Flash announced the official mainnet launch of the IOTA EVM, a fully EVM-compatible layer 2 solution that integrates smart contract capabilities into the IOTA network. In our publication, we mentioned the initial EVM launch on Shimmer in September 2023, coupled with its extensive journey marked by significant improvement, testing, and audits. After hitting the ground running, several Web3 projects that provide cutting-edge solutions launched…

The popular tap-to-earn Telegram game, X Empire, is gearing up to be listed on top exchanges like Binance, Bybit, and Bitget today. It is a significant move for the game as the team shared on X that “Over 4,000,000 players have already linked their wallets and are ready to receive their tokens.” When it comes to predicting the potential price of X Empire ($XEMP), crypto experts are drawing comparisons with another project like MemeFi. Courtesy: X Empire X account MemeFi has got around 11 million users, while X Empire with nearly 9 million users, indicates a 22% reduction in certain…

Bitcoin mining firm NewRays is suing a judge and prosecutor, alleging that they selectively enforced noise legislation against the company. In the complaint, NewRays states that despite other companies making more noise than it does, laws were created to specifically target the mining firm. The complaint, filed on September 26, claims that Judge Allen Dodson, prosecuting attorney Phil Murphy, and additional defendants specifically and unfairly targeted NewRays with noise legislation. NewRays acquired property in Arkansas to begin its data center for crypto mining in October 2022. However, this came before a set of local noise ordinances were put into place.…

Bitcoin’s price has surged by 19% in the last few days, pushing it to $64,342. Despite this significant rise, the cryptocurrency is facing resistance at $65,000. A key group of investors, known for profit-taking at this point, poses a potential threat to the continued bullish momentum. Bitcoin’s rally could reverse if selling pressure escalates, leading to a decline. Bitcoin Investors Might Book Profits Bitcoin’s price is facing the threat of a correction, largely due to the potential of selling. Signs of the same can be noted in the Market Value to Realized Value (MVRV) Ratio. A key indicator of profitability,…

The launch of the Sui Bridge is a major step in Sui’s efforts to improve interoperability in the Web3 ecosystem, according to a blog post from the foundation. By offering its own solution, the bridge improves communication between decentralized finance (DeFi) applications on both Ethereum and Sui, facilitating smoother asset transfers. Unlike third-party solutions like Wormhole, the Sui Bridge relies on network validators for security, ensuring that transactions receive the same protections as other on-chain transactions in the Sui ecosystem. The bridge currently supports ETH and WETH transfers, with future updates slated to expand its capabilities and range of assets.…

Cardano founder Charles Hoskinson challenges Steven Ehrlich, Forbes’ crypto research director, following belittling comments made in a recent publication. For context, Forbes recently published a vivid portrayal of the cryptocurrency landscape, highlighting the reverence shown to its pioneers. The article described Satoshi Nakamoto, the enigmatic creator of Bitcoin, as having achieved mythical status as the industry’s forerunner. It lauded Ethereum’s founder, Vitalik Buterin, as the intellectual spearhead of his blockchain, which boasts a market capitalization of $283 billion, portraying him as a pivotal figure in the sector. Cardano Founder a Cult Leader? Conversely, Charles Hoskinson, the founder of Cardano, was…

Gods Unchained, the Ethereum NFT trading card game built on scaling network Immutable X, is set to release its latest expansion “Tower of Dread” on October 10, Immutable Games announced Tuesday. The expansion features 40 new cards, including seven legendary cards with corresponding one-of-a-kind “Mythic” variants. It continues the game’s narrative as players face off against the character Thaeriel in what the company describes as “the largest battle to date.” A key addition is a new gameplay mechanic allowing players to “destroy” their cards to earn points toward discounts on expansion packs. The release also includes two new game boards…

Ethereal Exchange has submitted a proposal to Ethena governance, seeking community approval to launch a new spot and perpetual exchange built on USDe and integrated into the Ethena hedging engine and liquidity. https://twitter.com/ethena_labs/status/1840635070698455416 The proposal introduces Ethereal as an integrated spot and perpetual futures decentralized exchange (DEX) built on the upcoming Ethena Network using USDe. Ethereal is requesting direct integration into Ethena-related reserve management from launch to provide a fully onchain venue for managing spot and derivative positions backing USDe. As part of the proposal, Ethereal is offering a 15% allocation of any potential future Ethereal governance token to circulating…