Author: NBTC

Social activity offers a resilient indicator of the extent of attention a project is getting, often leading to major developments concerning a price action. As per Phoenix, a well-known crypto analytics company, $GRT, $PAAL, $AKT, $ZIG, $ROSE, $VRA, $RENDER, $TAO, $FET, and $INJ stand at the top of the AI narrative projects in terms of social activity in the crypto sector. TOP #AI PROJECTS BY SOCIAL ACTIVITY$INJ $FET $TAO $RENDER $VRA $ROSE $ZIG $AKT $PAAL $GRT pic.twitter.com/d2FTqviZkR — PHOENIX – Crypto News & Analytics (@pnxgrp) September 22, 2024 $INJ Tops the List of Prominent AI Narrative Crypto Projects Based on…

Bitcoin price holds above the $54,000 support level tested on Friday. US spot Bitcoin ETFs registered outflows last week, while CryptoQuant’s Bitcoin Coinbase Premium Index saw a mild rise. On-chain data paints a bearish picture, with falling daily active addresses and a negative Open Interest-weighted funding Rate. Bitcoin (BTC) recovered slightly on Monday, extending the weekend’s recovery after prices bounced from key support at $54,000 on Friday. This slight recovery amid the mild increase in the Coinbase Premium Index during the weekend. However, the recovery could be short-lived as on-chain data continues to lean to the downside, as shown by…

GameStop’s short squeeze in 2021 taught the Securities and Exchange Commission (SEC) several key lessons. Among those highlighted in a Monday speech by SEC Chair Gary Gensler was the need to modernize equity markets, in part by embracing shorter settlement times. A retail-led movement to bet big against Wall Street short sellers caused GameStop’s stock price to spike nearly four years ago amid the “meme stock” craze. Forced to hold or sell shares skyrocketing in price, restrictions imposed by several brokerage firms blunted the rally that was later enshrined in stock market history and recounted in books and films. Gensler,…

Carrot Swap has launched its stablecoin, xUSD, on Neo X, which is collateralized by prominent stablecoins on other blockchain networks. xUSD is backed by USDC and USDT that persist on Base, BNB Chain, and Arbitrum. To date, Carrot Swap purports that the cross-chain bridge has successfully processed more than 50,000 transactions on TestNet and MainNet, most of which have not included the xUSD stablecoin. The cross-chain bridge is a fork of ZetaChain’s mechanism that leverages relayers that independently validate transactions and then require other relayers to confirm the validity before transmitting messages between chains. Each token minted on Neo X…

Kroma Network disclosed a major partnership with GameFi.org, one of the leading platforms that connects blockchain game creators, game development companies, investors, and gamers. This collaboration aims to improve the Web3 gaming experience and bring new features in terms of rewards and resources for gamers and developers alike, as the experience both networks provide is immensely vast. We’re thrilled to partner with @GameFi_Official, the ultimate hub for game finance that brings together game studios, developers, players, and investors!🤝Through this partnership, we are advancing Web3 gaming by connecting Kroma’s ecosystem with https://t.co/3iPTEdfrGR’s… pic.twitter.com/fKpJUvfFck — Kroma (✳️_✳️) (@kroma_network) October 25, 2024 $spETH…

DeFi protocol Synthetix has officially debuted on the Arbitrum blockchain, introducing the Kwenta perpetual trading platform. Thus, Synthetix expands its presence in multi-chains, adding a new crypto network to the existing Ethereum, Base, Optimism. The application, which acts as a basis for derivatives trading in DeFi, brought the V3 version to Arbitrum, providing new opportunities for its community. The collaboration between the parties aims to create an efficient and high-performance DeFi experience using the deployed technologies. On one hand, Synthetix is ​​ready to provide high-performance perpetual swaps to Arbitrum users. On the other hand, the blockchain serves as an operational…

An executive from hedge fund Brevan Howard says that the United Arab Emirates’ (UAE) sensible approach to crypto regulations is making the country a top region for digital asset trading. According to a new report from Reuters, $35 billion hedge fund Brevan Howard group head of compliance Ryan Taylor told the AIM Conference in Dubai on Monday that regulators in the UAE want crypto to “fly.” “The regulators in the UAE are hard, but they want the industry to fly and so they write sensible regulations and they are prepared to talk to the industry in order to evolve those…

The crypto market reportedly seems bullish after the Federal Reserve cut rate, boosting many cryptocurrencies over the last 24 hours. Pendle ($PENDLE) has popped out to the prominent crypto gainers among other altcoins with a significant surge of 24% over the last 24 hours and 30% during the last week. As per the stats shared by Phoenix, a crypto analytical platform, $PENDLE is trading at $4.10 with a price surge by 18% and seems bullish. COIN OF THE DAY$PENDLE #Pendle pic.twitter.com/89UVsSgTyy — PHOENIX – Crypto News & Analytics (@pnxgrp) September 22, 2024 $PENDLE ranked #94, currently trading at $4.14, is…

An analyst who nailed the pre-halving Bitcoin correction believes BTC and crypto are close to witnessing either a bounce or a sustained reversal. Pseudonymous analyst Rekt Capital tells his 499,300 followers on the social media platform X that Bitcoin and crypto have been seeing strong selling pressure as of late. The analyst thinks that sellers will not be able to maintain the downward pressure for long, opening the doors for crypto bulls to pounce on the market. “Strong market-wide selling as of late. Seller exhaustion is likely on the horizon. Watch for high sell-side volume bars in the short term.…

Losses from exploits in decentralized finance (DeFi) have decreased in 2024, with reported losses hovering just around $1 billion. This is a marked improvement over previous years, when the industry faced numerous breaches. With only $1 billion lost to exploits this year, 2024 is on track to see a significant decline in DeFi-related losses compared to previous years. pic.twitter.com/73SZHspcoF — IntoTheBlock (@intotheblock) October 25, 2024 Data on “Value Lost to Exploits (Excluding Terra)” from July 2020 to October 2024 shows changes in crypto asset losses, with theft activities increasing through 2021 and 2022. The reduced exploit-related losses in 2024 suggest…