Author: NBTC

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. In early October, Synthetix passed an ambitious governance proposal to “reboot” the entire project. Major changes proposed included the likes of revamping SNX tokenomics, introducing a SNX-backed stablecoin, launching on Ethereum mainnet and Solana and redesigning the Synthetix frontend. As part of that overhaul, SIP-411, which passed yesterday with 6/6 votes from Synthetix councilors, is reacquiring Kwenta as a frontend and bringing it back as part of Synthetix’s relaunch. Kwenta was once a Synthetix project. Spun out in 2021 as a dedicated frontend for Synthetix to operate…

Ripple is actively promoting the XRP Ledger (XRPL) as the ideal blockchain for tokenizing real-world assets (RWA) on an institutional scale. Ripple emphasizes security, scalability, and interoperability, positioning itself as a dependable platform for decentralized finance (DeFi) and managing tokenized assets. In a recent exclusive interview with BeInCrypto, Ross Edwards, Senior Director for Solutions and Delivery at Ripple, offers insights into why the XRPL is uniquely positioned to bridge traditional finance with DeFi. Instant Settlement, Stability, and Lower Risk: Why XRPL is Suitable for Financial Institutions When discussing the XRPL’s role in transforming institutional finance, Ross Edwards was unequivocal about…

As Bitcoin (BTC) is pushed to an all-time high by the results of U.S. presidential elections, net Open Interest on derivatives exchanges follows. This could lead to even more dangerous volatility as crypto bears face $370 million short liquidations. Binance’s OI hits new ATH, analyst foresees volatility spike Binance (BNB), the world’s largest cryptocurrency exchange, hit an all-time high on open interest on crypto derivatives. Binance’s net OI hit a fresh record at $8.3 billion, said CryptoQuant’s community author Burak Kesmeci, seasoned blockchain analyst. Binance OI Reaches New ATH of $8.3 Billion“Open Interest across all exchanges—including Binance—stands at $23.3 billion,…

In a post shared with its community, DEGEN revealed mounting challenges in its ongoing effort to migrate DEGEN L3 to a new service provider. The prolonged standoff, which DEGEN claims has stalled critical upgrades and harmed users, has spotlighted unresolved tensions with its current provider, Conduit. Service failures Since August, DEGEN has reportedly sought to transition away from Conduit following a series of operational issues that have shaken user trust. According to DEGEN, Conduit pushed an untested upgrade in May without prior notice, resulting in 54 hours of chain downtime. The disruption allegedly caused corruption in the chain state, leading…

While Bitcoin (BTC) has made a big breakthrough in recent days and is trying new ATHs, the US Presidential elections and the FED’s November interest rate decision are eagerly awaited and closely followed by investors. While the FED is expected to make a 25 basis point cut in September, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is considered a leading inflation indicator, was announced. Accordingly, personal consumption expenditures data for September were as follows: Core Personal Consumption Expenditure Price Index (YoY) Announced 2.7% – Expected 2.6% – Previous 2.7% Core…

Pendle Finance, a decentralized finance (DeFi) platform known for tokenized yield services, recently transferred 625,000 $PENDLE tokens valued at approximately $3.37 million to Binance. This transaction was carried out by a wallet associated with the Pendle team about a couple of hours ago. This massive transaction is drawing immediate attention from market analysts. The movement of such a significant number of tokens has raised much speculation about potential trading strategies or liquidity adjustments within the platform. Satoshi, a crypto analytical platform, has shared the details through X account. $PENDLE Unlock as Per Scheduled Vesting The 625,000 $PENDLE transferred is part…

Holders of at least 10,000 XRP would become millionaires if multiple predictions of a rally to a three-digit price come to reality. Following in the footprint of several other prominent analysts, crypto expert The Crypto Asset Guy has tipped holders of up to 10,000 XRP to become millionaires. His assertions insinuate that the XRPL native token would trade at a new all-time high sometime, possibly $100. Notably, multiple analysts have predicted that XRP would trade at least at $100. For instance, market commentator Xena argued on last week that the surging bullish sentiments around the XRP community would propel the…

Ripple CEO calls for Trump’s action on SEC leadership as Gensler faces scrutiny over hiring practices and alleged political bias. Political bias concerns in the SEC spark investigation; Congress demands Gensler’s hiring documents to assess impartiality in the agency. Ripple pushes for clarity on crypto regulations, especially on XRP and Ethereum, as Trump vows to reshape SEC leadership. Gary Gensler, the chair of the SEC, is under investigation just hours after Donald J. Trump won the presidency. Chairs Jim Jordan and Patrick McHenry of the House Committee on the Judiciary have signed a letter raising concerns about Gensler’s hiring procedures.…

CCData has just released the October 2024 edition of its popular and highly-respected Exchange Review report. CCData is a Financial Conduct Authority (FCA)-authorized benchmark administrator and global leader in digital asset data and publishes comprehensive Exchange Review reports monthly. These reports analyze key developments in the cryptocurrency exchange market, covering exchange volumes, crypto derivatives trading, market segmentation by exchange fee models, and crypto-to-crypto versus fiat-to-crypto volumes. The reviews also examine Bitcoin trading against various fiat currencies and stablecoins, provide rankings of top crypto exchanges by spot trading volume, and track volume trends for trans-fee mining and decentralized exchanges. According to…

According to a report by Binance Research, decentralized applications (dApps) represented 12 out of 15 protocols with the most significant revenues in October, amounting to $164 million. This suggests growing blockchain adoption, fueled by trading bots and decentralized exchanges. The report highlighted that dApp interactions have steadily risen in recent months, topping all but three most popular blockchains: Tron, Ethereum, and Solana. Together, these three networks raked in $182 million in monthly revenue. The growing value captured by dApps indicates a potential takeover by these protocols of the largest revenue share currently controlled by blockchains. Speculation driving revenues The report…