Author: NBTC

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…

The head of digital assets research at exchange-traded fund (ETF) provider VanEck says that Bitcoin (BTC) and one or two layer-1 blockchains will outperform the market. In a new interview on the Bitcoin Macro YouTube channel, VanEck executive Matthew Sigel says that in the long run, the economic value of the digital assets industry will overwhelmingly consist of just a few layer-1 networks. According to Sigel, once this happens, traders will turn to investing into decentralized applications (DApps) and DePIN (decentralized physical infrastructure networks) technology. “One to three kinds of layer-1 blockchains are likely to take 99% of the economic…

Economist Jeremy Siegel calls for emergency rate cuts following the recent market crash. Veteran trader Peter Brandt compared the recent Bitcoin sell-off to the 2015-2017 halving bull market cycle. Arkam Intelligence data shows major investors retained their Bitcoin holdings during the recent sell-off. On-chain data indicates that short-term investors are selling in a panic during the market downturn. Bitcoin (BTC) price recovers above $55,00 on Tuesday after the sharp decline seen since the end of July. Economist Jeremy Siegel has called for emergency interest rate cuts after the recent market crash. At the same time, Arkham Intelligence data reveals that…

Core has recently integrated the Davos Protocol, the platform behind inflation-proof DUSD stablecoin, into its ecosystem. With this collaboration, users in the Core Ecosystem can use DUSD for liquid staking and earn yield. Also, users can use ETH and BTC reward-bearing assets (like LSTs and LRTs) as collateral to mint DUSD. .@Davos_Protocol is now live on Core 🔶Davos is a unique CDP protocol that lets users use ETH and BTC reward-bearing assets (like LSTs and LRTs) as collateral to mint DUSD. pic.twitter.com/mmkhKZi0RL — Core Ecosystem (@CoreEcosystem) September 12, 2024 Core is the first Bitcoin-aligned EVM-compatible Layer-1 blockchain, designed to be…

Stablecoins are having a moment, that much is clear. As the rest of crypto trades sideways, the market capitalization of stablecoins has steadily increased. It sits now at $170 million, per rwa.xzy, though there has been a slight dip over the past few days. Castle Island Ventures, alongside Artemis, Visa and Brevan Howard Digital made a new survey that looks into the prevalence of stablecoins in certain emerging markets. The survey looked into roughly 2,500 crypto users in Nigeria, India, Turkey, Indonesia and Brazil. “Our survey results contradict the common belief that stablecoins are exclusively used as a tool for…

Binance has integrated token unlocking and vesting data into its platform in a team-up with price resource CoinMarketCap, in a move that could change the way everyday crypto traders evaluate tokens on the world’s top cryptocurrency exchange by volume. Binance acquired CoinMarketCap in April 2020, although the two entities have operated independently. Token vesting is the process of gradually distributing, or unlocking, a virtual token for stakeholders such as investors and creators over a predetermined time period. When crypto projects like blockchains and gaming projects launch a token, they typically lock up certain token allocations for years to come, in…

Sui wallets are no longer simple tools; they include dApps and connect CeFi with DeFi. The suite is aimed at ecosystem integration while Ethos is about linking finance systems, Sui Wallet emphasizes reliability, Surf is centered on Web3 creativity, and Nightly is advanced security. The availability of so many types of wallets serves a variety of users which indicates the development of the Sui ecosystem. As the Sui blockchain is gradually integrated into the decentralized finance (DeFi) space, the need for wallets has grown stronger and more urgent. This article discusses five splendid Sui wallets that are changing the way…

Bitcoin experienced a significant downturn on Monday, sending shockwaves through the digital asset space and prompting analysts to reassess trading strategies. This bloodbath resulted from a complex interplay of factors, including the unwinding of the Japanese Yen carry trade, macroeconomic concerns, and substantial selling pressure from key market players. Despite the downturn, there are signs that Bitcoin is stabilizing and potentially recovering. At the time of writing, Bitcoin is changing hands for $54,803.07 after having bounced back 10% compared to this time yesterday, according to CoinGecko. But analysts still advise caution. According to research firm 10x Research, financial markets are…

Sky, the decentralized finance lender formerly known as MakerDAO, will vote on fully ditching wrapped bitcoin (wBTC) from its ecosystem, according to a Thursday governance post, potentially a major development in DeFi since the platform has $200 million of loans collateralized by the token. WBTC is a token that allows investors to use bitcoin (BTC) on other blockchains, and plays a key role in lending DeFi as collateral, with a $9 billion market capitalization. DeFi risk management firm BA Labs, an influential voice in the Sky protocol’s governance, previously had proposed to reduce exposure to wBTC, due to perceived risks…