Author: NBTC

Bybit has launched bbSOL, a Liquid Staking Token (LST) on the Solana blockchain. According to the announcement, this initiative, developed in collaboration with Sanctum, Kamino Finance, Orca, and Solayer, aims to bridge Bybit’s centralized exchange (CEX) and Web3 platforms. Users can stake Solana on Bybit Web3 to receive bbSOL tokens, unlocking earning opportunities across Bybit’s CEX and Web3 products. The LST is already available on Sanctum and Solayer, allowing decentralized finance (DeFi) users to stake their SOL tokens with Bybit, acquire bbSOL, and restake their LST on Solayer. Moreover, the bbSOL initiative involves collaborations with Orca for swaps and liquidity…

Analyst Benjamin Cowen is saying that the altcoin market could stop bleeding against Bitcoin (BTC) when one key event occurs. In a new video, Cowen tells the 806,000 subscribers of his YouTube channel that a reliable gauge of the altcoin market is the performance of Ethereum against Bitcoin (ETH/BTC). Cowen suggests that once the ETH/BTC trading pair reaches the range between 0.04 BTC and 0.03 BTC on the weekly chart, which it just touched, Bitcoin dominance (BTC.D) could soon start to decline. The BTC.D index tracks how much of the total crypto market cap belongs to Bitcoin. A declining BTC.D…

The U.S. Securities and Exchange Commission has levied another set of charges against Galois Capital – a crypto-focused advisory firm that custodied client assets at FTX. For its actions, Galois agreed to pay a civil penalty of $225,000, which will be distributed to harmed investors of the fund. Charged For Losing Money In FTX Per the SEC’s Tuesday press release, the agency found that Galois failed to ensure that the crypto held by the private fund it was advising was held with a qualified custodian, instead holding them with unqualified crypto trading platforms – such as FTX. “Approximately half of…

Meme tokens often trade on extremely thin liquidity, allowing them to perform rapid pumps. Jupiter DEX aims to encourage holding and solid projects, going for a liquidity metric. Jupiter DEX aggregator may add a metric to single out meme tokens with very low liquidity depth. For Solana memes, sometimes the low depth is a feature, allowing the team to pump the token with minimal effort. A low liquidity pump may easily sway buyers to take up the token at a higher price, just before the crash. The founder of Jupiter, @weremeow, plans to add a liquidity depth metric as a…

Bitcoin rebounded from earlier losses this week to rally 11% late Thursday, retracing most of its weekly decline. But the world’s largest cryptocurrency may not be out of the danger zone just yet, chartists say. Bitcoin is coming off one of its most volatile weeks of the year as it continues to test a critical resistance level. After falling below $50,000 on Monday, Bitcoin is now trading just above $60,000, paring its weekly losses to 3%, according to data from Coin Metrics. “Bitcoin was nicely oversold after it broke $53,000 on Monday, so there’s some relief,” Ron Ginsberg, chart analyst…

In a significant development for the decentralized finance (DeFi) sector, Lista DAO has announced that Lido Finance’s wstETH will now be available as a collateral option for borrowing lisUSD. This update is significant for both platforms as they seek to improve the financial position of the two and open new possibilities for users. wstETH Now Allows Borrowing of lisUSD While Earning Staking Rewards Therefore, when investing in wstETH through Lista DAO, borrowers can access lisUSD while staking their Ethereum (ETH). This new feature means that the users can still earn their Ethereum staking rewards while also being able to obtain…

Shibarium Beta reached a milestone with over 140K NFTs minted using just 800 BONE in gas fees. Shiba Inu launched ShibDev and DAO to boost community involvement and developer engagement. Shiba Inu has once again demonstrated the strength and potential of its ecosystem with a big step forward in the development of Shibarium. Lucie, Marketing Lead at Shiba Inu, recently tweeted about this accomplishment, reporting that over 140,000 NFTs were minted during the Shibarium Beta period, all while spending only 800 BONE on gas fees. This demonstrates not only the strength of Shibarium but also its cost-effectiveness, which is critical…

The Open Network—the Telegram-linked blockchain behind Toncoin (TON), the 10th largest cryptocurrency by market cap—is down for the second time in 24 hours, failing to produce blocks for over three hours as of this writing. And the trouble is being blamed on a meme coin. Dogs (DOGS), a new cryptocurrency minted on TON, is popular—and is now in the top 100 biggest coins and tokens by market cap, according to CoinGecko. Its price currently stands at $0.00145, with nearly $1.9 billion worth of trading volume over the last day. The token launched on Monday with an airdrop claim opened to…

The Commodities Futures Trading Commission announced a settlement with Uniswap Labs on Wednesday. Per a press release, the CFTC found that the firm “illegally offered leveraged or margined retail commodity transactions in digital assets via a decentralized digital asset trading protocol.” Uniswap will pay $175,000 to settle the allegations. Users, according to the CFTC, could use liquidity pools when trading on the protocol. Read more: CFTC’s Behnam warns crypto industry that more enforcement actions are coming “Among the digital assets traded on the protocol and through the interface were a limited number of leveraged tokens, which provided users leveraged exposure…

Binance Loans now offers fixed rate loans, providing users with predictable borrowing costs, according to a blog post by Binance. This feature allows borrowers to lock in interest rates for their loan duration, benefiting both suppliers and borrowers with stable APRs throughout the order period. Say hello to Fixed Rate Loans! Now we have more options for stablecoin borrowing and lending with fixed terms and custom APR. More information ➡️ https://t.co/VZ9684CDbKpic.twitter.com/Pt0HmmKNT7 — Binance (@binance) September 5, 2024 The platform currently provides fixed-rate loans for two stablecoins: USDC and FDUSD. For USDC, borrowers can access loans with a 7.8% fixed rate…