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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Altcoins

XRP Community Explores Native Staking on XRPL, with Contributions from Flare and Ripple

By NBTC

The XRP community is discussing the potential introduction of native staking or lending functionalities on the XRP Ledger (XRPL). Despite being over a decade old, XRPL lacks these features, forcing XRP holders to rely on third-party platforms for yield-earning opportunities. This conversation is now gaining traction, with key voices from the XRP ecosystem making contributions. Introducing Native Staking on the XRP Ledger Most recently, Mickle, an XRP community figure, proposed the idea of XRP staking, suggesting someone take up the challenge of making it a reality. He pointed to Babylon Labs, a Bitcoin staking protocol, as an example of how…

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Legal

Tether’s USD₮ Recognized as Accepted Virtual Asset in ADGM

By NBTC

Acceptance Covers USD₮ on Ethereum, Solana, and Avalanche Blockchains; Enhances Opportunities for Licensed Entities in ADGM 10 December 2024 – Tether, the largest company in the digital assets industry, has announced the acceptance of USD₮ by the Financial Services Regulatory Authority (“FSRA”) as an Accepted Virtual Asset (“AVA”) in the Abu Dhabi Global Market (“ADGM”). This approval enables Authorised Persons operating and licensed by the FSRA to offer pre-approved services related to USD₮, advancing the region’s leadership in digital asset innovation. This announcement comes amid the rising adoption of digital currencies in the United Arab Emirates (UAE), reflecting the nation’s…

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Blockchain

Cronos EVM introduces Pallene upgrade with up to 600x faster transaction speed

By NBTC

Cronos, a leading blockchain ecosystem and the first blockchain that interoperates between Ethereum and Cosmos, has announced the Cronos EVM v1.4.0 Pallene upgrade, which enables parallel transaction processing to increase transaction speed by up to 600 times, as shared with Finbold on Thursday, December 12. ⚡Upgrade complete: Pallene is here! Cronos EVM is now running 600x faster with up to 60,000 TPS — setting the stage for a new era of scalability. Learn more about Pallene upgrade: https://t.co/kL2HDlMkuU https://t.co/0M67bU39Uq — Cronos (@cronos_chain) December 12, 2024 The new feature implements Block-STM technology to enhance the blockchain’s scalability by allowing parallel transactions…

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DeFi

SparkDEX launches the first perps exchange on Flare

By NBTC

SparkDEX has officially launched SparkDEX Eternal, the first perpetual decentralized exchange (Perp DEX) on Flare, based on information shared with Finbold on Thursday, December 12. SparkDEX Eternal is LIVE ON @FlareNetworks! 🔥 pic.twitter.com/wZb8lNZ2vE — SparkDEX (@SparkDexAI) December 11, 2024 SparkDEX Eternal enables users to incorporate perpetual contracts into their trading strategies and provides them access to opportunities with various assets without owning the underlying instruments. Fast decentralized data delivery Flare’s Flare Time Series Oracle (FTSO) allows for fast and accurate decentralized data delivery required for perps trading. SparkDex founder Steve stated: “The FTSO’s rapid 1.8-second price feed updates ensure precise…

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Ethereum

Ethereum price still weak despite strong ETF inflows

By NBTC

Ethereum has shown resilience in the face of recent market challenges, as evidenced by the consistent positive net flows into the asset’s exchange-traded funds. According to data from Farside Investors, daily inflows into spot Ethereum (ETH) ETFs in the U.S. surged to $305.74 million, bringing cumulative inflows to an impressive $1.87 billion. This substantial growth occurred despite Ethereum price experiencing a 7% decline over the past three days. These investment products saw their highest cumulative weekly inflow last week. Interestingly, inflows have been consistently positive throughout December, confirming strong institutional interest. For instance, Dec. 6 recorded $83.76 million in inflows,…

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Regulation

South Korea’s Financial Overhaul Includes Ending Capital Gains Tax

By NBTC

South Korea’s Democratic Party of Korea (DPK) is moving to abolish the capital gains tax on financial investments, with a decision expected during the National Assembly’s final regular session on December 10. The proposal is part of a larger effort to strengthen the country’s financial markets and stimulate economic growth. Governor Lee Bok-hyun of the Financial Supervisory Service (FSS) voiced strong support for this plan, highlighting its potential to attract global investors and bolster South Korea’s competitive edge in global finance. Major Reforms on the Agenda for National Assembly December 10 marks the last regular session of the National Assembly…

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Altcoins

Wintermute accumulates GOAT from top whale wallets

By NBTC

Wintermute, one of the prominent market makers with forays into meme tokens, has taken up the bot-inspired sensation, GOAT. The market maker received tokens from some of the top holders, and became the third-largest whale. GOAT will feel the effect of Wintermute, after the market maker received tokens from some of the biggest wallets. The token, which was magnified by the bot-generated lore of @truth_terminal, is gaining popularity by the hour. The Wintermute wallet was still inactive as of October 18, but may connect to exchanges at any moment. GOAT already formed a trading cluster around MEXC, possibly sparking more…

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Blockchain

Vanar Chain Partners with Movement Labs to Redefine Support for Blockchain Projects

By NBTC

Vanar Chain, a top blockchain platform fueling blockchain innovation, has announced a strategic collaboration with Movement Labs. The partnership between Vanar Chain and Movement Labs aims to revolutionize the provision of resources and support for cutting-edge blockchain projects. Vanar Chain Empowering Blockchain Projects Through Unified Support Vanar Chain pointed out that its collaboration with Movement Labs addresses the seemingly disconnected blockchain projects because of limited support. In this respect, the platform contributes to a seamless process for getting resources and support for such blockchain projects. In his statement on this development, Vanar Chain’s CEO Jawad Ashraf highlighted the platform’s vision.…

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Bitcoin

Ripple CTO Reveals Two Best Things About Bitcoin (BTC)

By NBTC

Ripple CTO David Schwartz has a way of breaking down complex issues into simple explanations. Recently, in a lively discussion on X, he explained what makes Bitcoin (BTC) truly exceptional. At the heart of his view are two ideas that are closely connected: the historical significance of Bitcoin and its economic value. In the sea of debate over blockchain's technical differences, Schwartz's stance stands out. He says it is not Bitcoin's technical superiority that makes it special. After all, the features of any blockchain - like scalability, low fees and energy efficiency - can be easily transferred. What makes Bitcoin…

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DeFi

USUAL’s New TVL of $772.21M Signals Usual Making Waves in DeFi

By NBTC

As the digital asset markets strive to reach new heights, a crypto enthusiast on the X platform spotted an upcoming altcoin, capturing global attention for its remarkable growth. Usual (USUAL), a community-focused governance token powered by decentralized fiat stablecoin issuer Usual Labs, is currently witnessing an impressive ride. Over the past day, USUAL price steadily ascended from a low of $0.6672 to a current high of $0.85 at the time of writing. The token recorded an increase of 27.85% in the last 24 hours. The crypto’s trading volume rose by 39.98% to $101.32 million while its market cap hit $282.66…

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