Author: NBTC

Sui Network’s rise in TVL to over $1 billion denotes increasing user trust in its maturing ecosystem. The turnover of AVAX by SUI in TVL images growing contest among DeFi blockchain platforms. Sui Network’s scalability and low transaction costs have contributed to its rapid adoption and TVL growth. Sui Network has surpassed Avalanche (AVAX) in Total Value Locked (TVL), breaking the $1 billion level. This development emphasizes a moment for the blockchain ecosystem as SUI boosts its position in the decentralized finance space. Sui Network’s Impressive TVL Growth SUI’s rise in TVL has represented a great achievement as the network…

Toncoin (TON), the eighth largest cryptocurrency by market ranking, has skyrocketed over 14% in the last 24 hours, pushing its market valuation to $17.92 billion. TON surged from lows of $6.40 to reach intraday highs of $7.27, extending its rebound since the week’s start. At the time of writing, TON was up 13.79% in the last 24 hours to $7.12 and up 24% weekly. The surge coincides with Telegram’s 11th anniversary, which is today, Aug. 14. The TON blockchain, which is directly linked to messaging platform Telegram, has seen significant activity as whales make big moves. The compounding effect of…

Founded in 2018, ByBit is the most popular trading platform for cryptocurrencies. It is one of the key players that entered the sphere of cryptocurrency exchange. Recently, ByBit has developed a promising program for further expanding the sphere and generating new talents. The BUIDL Apprenticeship Program is designed to give aspiring crypto marketers a chance to learn and be a part of an actual project under the supervision of professionals. We’re excited to announce the BUIDL Apprenticeship Program, designed to provide aspiring crypto marketers with hands-on experience and mentorship. If you’re a university student, fresh graduate or freelancer with a…

The cryptocurrency ecosystem, particularly Bitcoin ETF buyers, will likely experience a major boost toward the end of this year. This prediction rests on anticipation of a $5 trillion model portfolio that might be allocated to spot Bitcoin ETFs later this year. BlackRock’s bullish stance on Bitcoin According to Adam Back, Blockstream CEO, in a post on X, the market should anticipate institutional investors with huge buying power to dominate the market. With $5 trillion worth of funds, Bitcoin ETF whales are likely to invest a majority of the capital into Bitcoin acquisition and consolidating their positions. institutional ETF buying whale…

Core has emerged as the largest Bitcoin sidechain as its total value locked surpasses the $400 million mark. According to data provided by DefiLlama, Core’s (CORE) TVL increased by over $100 million over the past 30 days and is currently sitting at $423 million. This accounts for over 26% of the total TVL across all Bitcoin (BTC) sidechains, per a press release shared with crypto.news. Core was launched in January 2023 to bring an Ethereum Virtual Machine-compatible decentralized finance ecosystem to Bitcoin. What makes Core unique is its Satoshi Plus consensus — using delegated proof-of-work and delegated proof-of-stake. Per the…

Shimmer’s native cryptocurrency, SMR, has plunged by 35% following its delisting from Bitfinex, leading to a significant 93% drop in value since its launch. The delisting has triggered a major backlash from the Shimmer community, with some investors, including prominent figure Crypto Bratan, claiming significant losses of 100,000 EUR. Shimmer (SMR), the native cryptocurrency of IOTA’s Layer-2 scalability platform, has crashed by a massive 35% in the last 24 hours, falling to $0.004158 following the altcoin’s delisting from crypto exchange Bitfinex. During its launch last year in early 2023, IOTA founder Dominik Schiener said that Shimmer would improve the growth…

Robinhood Crypto Adds UNI, XLM, and XTZ Trading for New York Residents Robinhood Crypto, the digital assets arm of American financial services company Robinhood, has announced that it now supports the trading of Uniswap (UNI), Stellar (XLM), and Tezos (XTZ) for New York State residents. The update, shared via X (formerly Twitter), expands Robinhood Crypto’s offerings in New York, where users can now trade a total of 14 digital assets. This addition reflects Robinhood’s ongoing efforts to broaden its cryptocurrency trading services, allowing more users access to a wider range of crypto assets. New Additions: UNI, XLM, and XTZ Now…

Australian energy technology firm Powerledger recently made a significant move by integrating with the Solana blockchain. With this integration, Powerledger highlights its commitment to sustainable and transparent innovation. This strategic move facilitates their contribution to regenerative finance (ReFi), a sector focused on enhancing social and environmental impacts alongside economic benefits. According to a Powerledger spokesperson, this collaboration is intended to elevate the discourse around clean energy in the blockchain community by aligning financial innovation with global sustainability goals. More than just a technical alliance, the integration is a significant step towards embedding sustainability in financial technology. Powerledger aims to expand…

Tesla CEO Elon Musk has an on-again-off-again relationship with cryptocurrency. This week, he seems favorably inclined towards Bitcoin, announcing that he sees “some merit” in it and unspecified other cryptocurrencies, and reiterating his enthusiasm for the dog-themed meme coin Dogecoin. Speaking at an X Takeover event, Musk said that, “I do think there’s some merit in Bitcoin and maybe some of the other crypto,” adding, “I sort of have a soft spot for Dogecoin, because I just like dogs and memes.” “I’m not going to be promoting crypto—at most, in a joking way. If you see me pumping crypto, it’s…

The world of DeFi is rapidly evolving, and one of the most anticipated and strategic crypto partnerships of 2024 is the one between the Ton Foundation and Curve Finance. The combination of these two forces in the crypto landscape represents a unique opportunity to simplify the exchange of stablecoin, improve the user experience, and reduce fees. This collaboration not only strengthens Ton’s position in the crypto ecosystem, but also represents a step forward for Curve Finance, one of the most well-known decentralized exchanges (DEX) in the world, specializing precisely in the exchange of stablecoins. Curve Finance and TON: two pillars…