Author: NBTC

Coinbase has decided to take advantage recent controversies surrounding WBTC’s decision to involve Justin Sun to launch its own wrapped bitcoin project, Coinbase Wrapped BTC (cbBTC). This new token is offered on both Ethereum and Coinbase’s own Base network. Coinbase will treat it as equivalent to normal BTC in its orderbooks, and Coinbase users can obtain cbBTC by withdrawing Bitcoin on either Ethereum or Base, and it will be automatically converted. Coinbase’s website says that this asset can already be used across the Decentralized Finance (DeFi) ecosystem, including Aerodrome, Curve, Aave, Compound, Spark, and more. CoinMarketCap indicates that the current…

Binance Labs, Binance’s venture arm, has invested an undisclosed amount in OpenEden, a platform focused on tokenizing real-world assets (RWAs). This move aims to integrate traditional financial products, such as US Treasury Bills (T-Bills), into decentralized finance (DeFi). Moreover, it will create new investment opportunities for institutional and retail investors. Why Tokenized US Treasury Bills Are Gaining Popularity Among Investors With Binance Labs’ recent investment, OpenEden is set to broaden the availability of yields backed by RWAs across the DeFi ecosystem. This expansion will involve launching new products, forging partnerships with new channels, and venturing into new markets. “We believe…

There has not been much significant activity with the Shiba Inu token (SHIB) in the last 24 hours, despite a sharp shift in price to the positive side. Perhaps the only transfer worth noting is the withdrawal of 74.156 billion SHIB by Wintermute, a leading market maker with nearly $200 million in capital, from the platform of Robinhood, a leading broker in the United States. A withdrawal equal in current prices to more than a million dollars was further moved between different market maker addresses. Further, however, the transaction history implies a large-scale shuffling of these tokens between different exchanges…

Metacade, a leading platform for on-chain gaming, is set to launch ten new games on Telegram, targeting the platform’s 950 million users. This strategic move aligns with the growing interest in casual mobile gaming, particularly as Metacade’s research reveals a significant 80% surge in gaming activity each September when users return to their routines after the summer break. Metacade is expanding in the Web3 gaming space and pioneering new ways for players to engage comfortably. Metacade Introduces 10 Unique Games for Telegram Users The upcoming games, which include popular titles like Wordler, Surfing Hero, Chop Kick, Pet Hop, Bubble Invasion,…

Privasea has teamed up with easeflow, marking a significant advancement in the realm of blockchain technology. This announcement was shared through Privasea’s official X account. This collaboration aims to revolutionize node management and decentralization. It will also bring a host of new features designed to enhance blockchain participation for users around the world. 🚀We’re excited to announce our strategic partnership with @easeflow_, revolutionizing node management & decentralization! 🌐✨ Together, we’re simplifying blockchain participation for all! 🤝🟢 What’s New?1️⃣ Node Sale Campaigns – easeflow will power the sale & operating of… pic.twitter.com/LywdCyToC4 — Privasea (@Privasea_ai) September 12, 2024 NFT Holders to…

Metaplanet, a publicly listed Japanese company, has announced plans to raise up to ¥10.08 billion ($70 million) through a gratis allotment of stock acquisition rights to existing shareholders. The majority of funds raised will be used to purchase additional Bitcoin. JUST IN: 🇯🇵 Metaplanet announces to raise ¥10.08 billion to buy more #Bitcoin pic.twitter.com/HXBf7RNeMx — Bitcoin Magazine (@BitcoinMagazine) August 6, 2024 The company will issue one stock acquisition right per common share to shareholders of record on September 5. These rights will allow shareholders to acquire Metaplanet common stock at an exercise price of 555 yen (~$4) during the exercise…

Former President Donald Trump announced plans to launch “World Liberty Financial,” a decentralized finance (DeFi) protocol, next Monday, September 16, at 8 pm via Twitter Spaces. .@WorldLibertyFi pic.twitter.com/rHEGQXl4jL — Donald J. Trump (@realDonaldTrump) September 12, 2024 In his tweet, Trump declared his intention to embrace crypto and leave “slow and outdated big banks behind,” marking a significant shift from his previous skepticism towards digital currencies. The launch of World Liberty Financial follows recent crypto initiatives from the Trump camp, including ‘The DeFiant Ones’ DeFi project unveiled on Truth Social last month. However, details about the new platform remain limited, raising…

The European Central Bank (ECB) dropped the interest rate for its deposit lending facility by another 25 basis points on Thursday, reaffirming its newly dovish monetary policy stance—and Bitcoin and major stock market indices are slightly up following the news. The central bank expects core inflation to rapidly decline over the next two years. That said, its latest projections for economic growth are now weaker than they were in June, and economic activity remains “subdued” due to weak private consumption and investment. Joe Tuckey, Head of FX Analysis at Currency Specialists, told Decrypt that the latest cut was in line…

Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an expansion of 820 million in supply during this period. Tether’s Supply Swells by 820M Amid $1.3B Stablecoin Market Boost The stablecoin economy is gaining momentum again, nearing the all-time highs it saw before the collapse of Terra’s UST. At that time, the stablecoin market was around $188 billion. Today, the fiat-pegged market stands at $169.72 billion. Tether continues to grow significantly; in the last five days alone, USDT’s supply surged…

Binance, the world’s leading cryptocurrency exchange, has introduced zero-fee trading for VIP 2-9 users and spot liquidity providers on EUR/USDC and EUR/USDT spot trading pairs. This move aims to boost EUR trading volume on the platform and attract more users. The announcement made on September 9 is part of Binance’s ongoing effort to provide competitive services and maximize value for its users. The zero-fee trading period begins September 16 at 00:00 (UTC) and will continue until December 16 at 00:00 (UTC). While VIP 2-9 users and spot liquidity providers enjoy zero maker and taker fees on these specific EUR trading…