Author: NBTC

The Shiba Inu (SHIB) story took an interesting turn over the past 24 hours – specifically in the on-chain realm, which is behind the scenes of the popular meme-inspired cryptocurrency. According to data from IntoTheBlock, the number of SHIB tokens held by large investors has increased by almost 600% over the past day. It has gone from 27.06 billion to 161.15 billion. Put another way, this illustrates how the positions of whales and investors with over 0.1% of the supply have shifted. Simply put, spikes in net flow indicate that major players are building up their positions, while drops suggest…

Binance has reached a new milestone in its already dominant trajectory, with CEO Richard Teng recently announcing that the black-and-yellow crypto behemoth has crossed an all-time trading volume of $100 trillion. Teng shared this impressive news on social media, putting Binance in a league of its own. It is not just a new record but also puts it far ahead of major financial benchmarks, like the entire market capitalization of the S&P 500. Twice the market cap of a key U.S. stock market index, this figure solidifies Binance’s lead on the crypto market and highlights its ability to outpace its…

21.co has integrated Chainlink Proof of Reserve on Solana and Ethereum mainnets to enhance transparency for its Wrapped Bitcoin (21BTC). This move automates real-time reserve verification and enables secure minting of 21BTC. “21Shares and Chainlink have played fundamentally important roles in ensuring the adoption of a more secure blockchain infrastructure, and we’re excited to see 21Shares integrate Chainlink Proof of Reserve to support 21BTC,” Johann Eid, Chief Business Officer at Chainlink Labs, stated. Eid added that Proof of Reserve has a role in enabling a secure minting function, which is a key step to creating a reliable framework that allows…

Paolo Ardoino, CEO of USDT issuer Tether and CTO of BitFinex, made an unexpected statement on X with some interesting thoughts on Bitcoin (BTC). Ardoino described Bitcoin as an option against human finance. No one can change it, and no one can tame it, said the prominent crypto figure, highlighting its reliability. He conveyed that Bitcoin will always be available when needed, positioning it as a financial resource, which will remain a constant in an evolving world, despite volatility. Ardoino’s comments reflect the growing view among cryptocurrency fans and investors that Bitcoin is a reliable store of value and a…

Lido Finance reported that its total value locked (TVL) increased by 10.83% over the past week, reaching $25.18 billion as of Sept. 23. This growth is primarily attributed to a rise in Ethereum’s token price, which boosted the value of assets staked through the platform. Despite the overall increase in TVL, a net total of 26,528 ETH was unstaked during the same period, indicating some users chose to withdraw their assets. The seven-day APR for staked Ether (stETH) rose by 27 basis points to 3.17%. This uptick reflects heightened activity on the Ethereum network, which can lead to higher staking…

Viral Telegram game Hamster Kombat has banned 2.3 million cheaters and will distribute half their earnings among “honest players” while burning (or effectively destroying) the rest. This is one of the final steps ahead of the game’s hotly anticipated HMSTR token launch and airdrop on The Open Network (TON). Hamster Kombat claims to have had over 300 million players furiously tapping their screens in an attempt to gain a portion of the airdrop. A recent tweet explains that 131 million of these players have qualified for the September 26 airdrop. But 2.3 million of those players have been called out…

Alchemy Pay has partnered with Catizen to list the $CATI token on its on-ramp. This partnership makes it easier for users to buy $CATI directly with fiat currencies. Following the recent launch of the token, users can now make purchases using credit cards, bank transfers, and other local payment methods. This news was shared on Alchemy Pay’s official X account. Earlier, $CATI was listed on multiple exchanges recently. 🌟#AlchemyPay has partnered with @CatizenAI to list $CATI on our on-ramp! 🎮🌍Following the recent token launch, you can now buy $CATI directly with fiat using credit cards, bank transfers, and more. Join…

German industrial giant Siemens AG tapped global bank JPMorgan’s blockchain-based payment system Onyx and SWIAT’s private blockchain to issue and settle a tokenized version of its commercial paper, the companies said on Monday. Siemens issued €100,000 worth of crypto securities under the German Electronic Securities Act (eWpG) on September 13, then redeemed it three days later. The payments were conducted on the Onyx network using the JPM Coin System, while asset transfers were settled on the SWIAT network’s delivery-versus-payment (DvP) mechanism. The whole process took 93 seconds from the confirmation of the trade by the parties on SWIAT to final…

Folks Finance, a fast-growing DeFi hub, has introduced its next evolution with the launch of the xChain protocol. The platform, already a leader in decentralized finance on Algorand, is expanding its ecosystem to support three additional blockchains: Ethereum, Avalanche, and Base. Folks Finance Expands to Ethereum, Avalanche, and Base with xChain Protocol This strategic expansion aims to increase interoperability and ease for users by enabling lending, borrowing, and liquidity access across multiple networks. Users can now seamlessly interact with these blockchains without wrapping or bridging assets, enhancing liquidity and reducing transaction complexity. Folks’ integration with Wormhole, Pyth, Chainlink, and Circle…

On the 20th of September, the US spot ETF market has remained green with both Bitcoin and Ethereum exchange-traded funds seeing inflows. As per Spot On Chain, a famous on-chain analytics firm, Bitcoin ETFs recorded $92 million in net inflows while Ethereum ETFs saw just $2.9 million, although without witnessing any outflows. The analytics provider discussed the current outlook of the crypto ETF sector on social media. 🇺🇸 Spot ETF: 🟢$92M to $BTC and 🟢$2.9M to $ETH🗓️ Sep 20, 2024👉 The total flow for BTC ETFs this week is +$397M, with inflows on 4 out of 5 trading days.👉 The…