Author: NBTC

OKX has announced the delisting of six spot trading pairs as part of its ongoing efforts to maintain a healthy trading environment. OKX to Delisting Six Trading Pairs Including DMAIL, LITH, and REVV The exchange stated that it regularly reviews market performance and user feedback in line with the OKX Token Delisting and Delisting Guidelines. The affected trading pairs are: DMAIL/USDT JPG/USDT LITH/USDT LITH/USDC STC/USDT REVV/USDT The delisting is planned to take place between 11:00 and 11:30 on September 13, 2024. OKX advises users to cancel all open orders for these pairs before the delisting time, as all remaining orders…

A closely followed crypto analyst is warning of a Bitcoin (BTC) collapse if it fails to hold one key support level. In a new video update, crypto strategist Jason Pizzino tells his 332,000 YouTube subscribers that Bitcoin’s bull market could be invalidated if it falls more than 27% from the current value on the weekly chart. “Strength is price action above $44,600, which is the bull market support level. Anything under that level that closes on a weekly or monthly basis is going to be pretty severe consequences for the Bitcoin market. That is my flipping point, that flipping point…

Concerns about potential inflationary pressures have been raised by Ethereum’s significant challenges as network activity declines and issuance stays constant. In terms of price movement and on-chain metrics, the charts present an unsettling image of Ethereum’s current situation. Ethereum has been losing ground and finding it difficult to hold onto support levels. A bearish trend is evident in the chart’s distinct pattern of lower highs and lower lows. At the moment, ETH is perched at a crucial support level of about $2,500, and if this support breaks, there may be additional losses. According to the most recent price action, Ethereum…

IOLEND offers lending on IOTA’s EVM using $ETH, $USDT, and $IOTA as collateral with competitive APRs. IOLEND provides up to 275% APR on $USDT and additional rewards in $IOL tokens, with high returns for liquidity providers. IOLEND has emerged as a prominent decentralized finance (DeFi) player, offering innovative lending solutions on the IOTA network’s Ethereum Virtual Machine (EVM). The protocol is notable for its use of $ETH, $USDT, and $IOTA as collateral, distinguishing it from other DeFi platforms. IOLEND is built on the RDNT Capital fork, which has the reliable structure of Aave. This makes it possible for the users…

Lobbying efforts by crypto companies have skyrocketed by 1,386% since 2017, reflecting the industry’s aggressive push to shape favorable regulations. As crypto becomes more integrated into the financial system, the stakes are higher than ever, driving companies to invest millions to ensure that the regulatory landscape aligns with their goals. Lobbying in the crypto industry has seen a staggering 1,386% increase since 2017, with major players pushing hard to influence U.S. policy, data from Social Capital Markets reveals. Crypto firms spent a record $40.42 million on lobbying in 2023 alone, reflecting the industry’s growing clout and desire for favorable regulations.…

Japan’s biggest banks, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, are turning to stablecoins for cross-border payments with “Project Pax.” It’s a platform that will make global transfers faster, cheaper, and available around the clock. In 2022, the cross-border transfer market was worth $182 trillion. While it’s a massive market, it’s got some issues in terms of cost, speed, access, and transparency, as flagged by the G20. Stablecoins are a solution to these problems. By integrating blockchain into traditional systems, banks can simplify international money transfers. Project Pax will use Swift’s API framework, meaning banks won’t need…

Ethereum, the world’s largest altcoin, has received strong scrutiny by an analyst on X who posits that ETH is in a “death spiral.” In his analysis, Fred Krueger examined the amount generated in fee revenue by Ethereum and compared how the network fares compared to Bitcoin. Krueger: “Ethereum’s feeodel is broken” Krueger’s analysis flowed from a news item posted by community members highlighting Ethereum’s dwindling daily revenue. According to the update, so far in 2024, ETH’s daily revenue has plummeted by over 90% year-to-date (YTD), a record low for the altcoin. Notably, Krueger believes that Ethereum’s fee model cannot support…

Radiant Capital integrated Chainlink Price Feeds on the Base mainnet to enhance security in its markets. The integration provides high-quality, tamper-proof price data for assets like ETH/USD and USDC/USD. Radiant Capital, a leading omnichain money market platform, has announced its integration of Chainlink Price Feeds on the Base mainnet. This partnership is aimed at strengthening the security and stability of its markets by integrating Chainlink’s decentralized Oracle network, which is famous for providing correct and immutable price data. Radiant Capital’s initial integration includes a set of Chainlink Price Feeds, including ETH/USD, cbETH/USD, weETH/USD, wstETH/USD, RDNT/USD, USDC/USD, and ZRO/USD. The platform…

In the latest development in the Ripple-SEC lawsuit, Ripple has filed a letter requesting a stay of the monetary portion of the court’s judgment entered on Aug. 7, 2024. The monetary portion of the judgment is currently due to be paid on Sept. 6, and Ripple requested that the court act on the stay request before this date. In a Sept. 4 filing, Ripple proposed placing 111% of the judgment amount — roughly $139 million — into a bank account. The stay will last until 30 days “after the time to appeal expires or the resolution of any appeal.” According…

The defunct cryptocurrency exchange FTX is in the final stages of repaying its customers and creditors using stablecoins as initially planned. Earlier today, the address associated with the cryptocurrency exchange received 6.275 million USDT from OKX. The move by the current FTX officials comes a few days after the United States Securities and Exchange Commission (SEC) stated that it could oppose the proposal to distribute funds in stablecoins. The US SEC stated in a court filing last Friday that it “is not opining as to the legality, under the federal securities laws, of the transactions outlined in the Plan and…