Author: NBTC

Ethereum co-founder Vitalik Buterin sees the future for decentralized finance (DeFi) to remain strong should the transaction fees go down. Buterin believes that affordable Layer 2 (L2) solutions are the key to help widespread DeFi adoption, attracting more capital, and even drawing in traditional financial institutions. This insight came as part of a larger conversation sparked by Zeng Jiajun, a core contributor to Soul Wallet. Jiajun pointed out that the crypto market is still in its early stages. He pointed out Bitcoin (BTC), the world’s largest digital asset by market capitalization, towering over the rest with a dominance of over…

After holding the asset for more than eight years and achieving an amazing 446x return on investment, an Ethereum whale operating back in the Satoshi era recently began to sell. In February 2016, this whale bought 16,636 ETH from ShapeShift for a mere $5.23 per ETH, according to data from Ember. The whale started selling some of its holdings after weathering Ethereum’s huge price spikes. At $2,340 they sold 350 ETH, generating a whopping 446x return. Ethereum is currently having difficulty sustaining its prior momentum, which coincides with this selling. Ethereum has a weak ecosystem as a result of its…

Shiba Inu ecosystem leader Shytoshi Kusama has addressed recent criticisms claiming the BONE token is not known to be associated with Shibarium. Recently, Shiba Inu community member Enes Turyan sparked a conversation by criticizing Kusama and Shiba Inu partner K9 Finance regarding the market situation of the BONE token. Specifically, Turyan criticized Kusama and K9 Finance for inadequately promoting BONE. He claimed they have not effectively advertised BONE, claiming a knowledge gap exists among potential users. He pointed out that some people are unaware of the purpose of BONE, particularly in conjunction with Shibarium. This concern stemmed from the BONE…

Prediction market company Kalshi should be allowed to list and trade its new political contracts while the U.S. Commodity Futures Trading Commission appeals its court loss, the company said in a filing Friday. Kalshi, which won a significant victory in court last week when a federal judge ruled its political prediction markets should be allowed to trade in the U.S., said the CFTC wouldn’t suffer any major harm if its new contracts were allowed to trade during the appeal process, but the company would “suffer substantial – indeed, irreparable – harm” if it’s blocked from letting people bet on the…

Binance co-founder and founding director He Yi has responded to users’ growing concerns regarding the platform’s recent surge in memecoin listings. He Yi stated in his statement that the exchange “has no intention of leading the trend towards memecoins,” but instead focuses on testing various projects with different fundamentals. Yi explained that there are three main types of projects currently prominent in the cryptocurrency space: Telegram games that primarily focus on airdrop distribution. Infrastructure projects that typically have high Fully Diluted Valuations (FDVs) and are backed by venture capital (VC) funds. Memecoins attract a significant portion of the market’s attention.…

The weekend crash continues with full force as bitcoin dumped to just over $57,000 minutes ago, while the altcoins bleed out even worse. Naturally, the liquidated positions and traders have skyrocketed to $350 million and 112,000, respectively. After the positive start of the previous business week, when BTC shot up to $70,000, the landscape quickly took a turn for the worse in the following days. The biggest pain levels, though, were left for Friday, Saturday, and now Sunday. It all started on Friday after the weak US jobs report, which showcased high levels of unemployment in the States. Wall Street…

The World Liberty Financial (WLFI) project announced Sandy Peng, Scroll co-founder, as their new advisor on Sept. 15. WLFI is the decentralized application protocol backed by former US president Donald Trump’s family. Peng has previous experience as a partner at Hong Kong-based Fission Capital and as a management associate at the Hong Kong Securities and Futures Commission (SFC). A spree of advisor announcements Notably, Peng is the latest name on the advisors’ list being announced by the WLFI team since Aug. 30. Corey Caplan, co-founder and creator of the multichain money market protocol, was the first name announced by the…

Ethereum’s price has dropped by 5.53%, now trading at $2,285.68. A whale purchased 5,615 ETH, totaling $12.77 million, at an average price of $2,274. Ethereum (ETH) is currently trading at $2,285, marking a 5.53% decrease in the last 24 hours. Its market cap has dropped to $275 billion, while trading volume has surged by 80.74%, reaching $13.63 billion. The decline in Ethereum’s price reflects broader market uncertainty, contributing to a sharp downturn in investor sentiment. Over the past 24 hours, Ethereum has experienced significant downward pressure, reflected in its growing trading volume. A major whale has entered the market amid…

A recent report from Arkham Intelligence sheds light on an impressive trading feat involving the SUNDOG memecoin on the Tron blockchain. A trader turned a modest investment of $1,690 into a staggering $20 million in just six days. The trader’s moves over several days allowed them to capitalize on the significant rise in the value of SUNDOG, further sparking discussions about memecoin gains on the Tron network. The trader holds 17.049 million SUNDOG tokens, priced at $0.27 per token, which translates to their total portfolio value. This trader turned $1.69K of SUNDOG into $20 MILLION in 6 days TT4S5 was…

Ripple’s Chief Legal Officer Stuart Alderoty makes an important declaration, emphasizing that the company’s multi-year lawsuit against the U.S. SEC is over. Alderoty declared in an X post yesterday that “Ripple’s case is over.” The Ripple CLO commentary suggests that the lawsuit has finally reached its conclusion in the United States District Court for the Southern District of New York (SDNY). Court Issues Final Verdict Recall that the ruling judge of the lawsuit, Judge Analisa Torres, issued the highly anticipated final judgment on August 7. This verdict marked the end of the legal tussle in the federal court, thereby ending…