Author: NBTC

The new version features the Euler Vault Kit and the Ethereum Vault Connector designed to facilitate decentralized, non-custodial credit markets. Euler v2 goes live, introduces modular design and enhanced lending capabilities Euler v2 introduces a modular approach to DeFi, enabling a wide range of lending and borrowing options. The platform’s use of ERC4626 vaults allows for innovative collateral and liquidity solutio Euler Finance, a DeFi platform built on the Ethereum blockchain, announced today it has officially launched Euler v2, introducing advanced features like a modular design and enhanced lending capabilities. Modularity and flexibility have become essential to overcoming liquidity fragmentation…

The largest WIF whale has borrowed from Kamino to buy 643,832 more WIF, adding to their significant holdings. The whale’s strategic WIF purchases have resulted in a profit of approximately $65.6 million. The largest holder of Dogwifhat (WIF), according to Lookonchain, has made another substantial market move. This whale borrowed 1.4 million USDC from Kamino and used one million USDC to buy 643,832 WIF for $1.55 just a few hours ago. The largest holder of $WIF borrowed 1.4M $USDC from #Kamino and spent 1M $USDC to buy 643,832 $WIF at $1.55 again 6 hours ago. The whale currently holds 28.66M…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is increasing its global reach with the launch of its crypto cards in Brazil and the Netherlands, as per the company’s most recent updates shared with Finbold on Tuesday, September 3. The new cards are set to empower users in both countries by integrating cryptocurrency into everyday transactions and pushing for more widespread crypto adoption. Bybit Card debuts in Brazil To celebrate the launch of the card in Brazil, Bybit is kicking off a pre-registration event starting September 2, 2024. Brazilian users can earn substantial rewards through a referral program. By…

The Zurich MoneyMuseum has removed references implying Craig Wright is Satoshi Nakamoto, the pseudonymous creator of Bitcoin, calling them outdated and aggravating for some readers. The Swiss museum’s founder, former Dow Banking Corporation manager Jürg R. Conzett, wrote an essay (archived in 2021) on the journey of money since the Middle Ages and its impacts on wider society. However, Bitcoin proponent @bitnorbert posted on August 1, 2024, that the MoneyMuseum removed a body of text implying Wright was Nakamoto before removing a further reference to Wright’s book, Satoshi’s Vision: The Art of Bitcoin, last weekend. The latest essay revision (left).…

Ondo Finance has reached a major milestone, surpassing $600 million TVL across all of its revenue products. The platform now holds $384 million in USDY and $221 million in OUSG, cementing its position as a leading issuer of tokenized treasury bonds. Ondo Finance shared the announcement in a recent post, celebrating the achievement as it continues to lead the real world asset (RWA) sector. Launched in January 2024, Ondo Finance has quickly become a major player in the RWA sector. With a current market cap approaching $1 billion, Ondo’s rapid growth underscores its strong position in the market. While the…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! I made the mistake of going to the 6th Avenue Trader Joe’s right after work yesterday. I thought I’d never make it out of the crush of business casual or yoga gear-clad shoppers. My neighborhood grocery store barely ever gets packed, and you also don’t hear people yapping into airpods about closing deals. This is why Brooklyn is the best borough. But I digress: Autopsy of a Solana NFT marketplace Yesterday, the longtime Solana NFT marketplace Hyperspace announced…

The recent detention of Telegram founder Pavel Durov is causing repercussions in the crypto venture capital sector, particularly among firms that have invested heavily in Toncoin, a cryptocurrency closely tied to the popular messaging app. Notable crypto venture capital firms such as Pantera Capital Management, Animoca Brands, and Mirana Ventures have significant holdings of Toncoin tokens, which are used for activities such as instant payments on Telegram. Pantera Capital, one of the largest crypto-focused venture capital funds, reportedly invested over $100 million in Toncoin earlier this year, according to a source familiar with the matter. Toncoin’s appeal was largely due…

FTX will begin repaying creditors in Q4 2024, distributing $16 billion while liquidating all assets. The SEC and U.S. trustee have raised concerns over FTX’s repayment plan. FTX, the crypto exchange that faced bankruptcy in November 2022 is planning to repay creditors in the fourth quarter of 2024 which is starting this October. They are redistributing 16 billion dollars. It owes more than two million customers and other non-governmental creditors about $11 billion. This vital move marks a crucial step in the recovery process for the company. It seeks to tackle the significant financial liabilities accumulated before its collapse. Crypto…

Bitcoin’s price on August 12, 2024, stands at $59,777, with intraday 24-hour prices ranging between $57,814 and $61,054. The cryptocurrency’s market capitalization is $1.16 trillion, supported by a 24-hour trade volume of $29.81 billion. As bitcoin navigates this challenging environment, technical indicators reveal continued bearish momentum, testing the resolve of bullish investors. Bitcoin The 1-hour chart reveals a pronounced bearish trend, with bitcoin’s price declining from $61,868 to approximately $57,681 since August 11. The significant volume during this downturn underscores the strength of the selling pressure. Currently, bitcoin is consolidating near the $59,000 level, suggesting a possible pause in the…

The team behind World Liberty Financial, an upcoming crypto project promoted by the Trump family, said Wednesday that the DeFi platform aims to maintain global U.S. dollar supremacy through the use of stablecoins. The revelation comes after CoinDesk reported that a leaked white paper for the project details a borrowing and lending platform reminiscent of Dough Finance, a recently hacked protocol. The report suggested that World Liberty Financial hails from multiple Dough team members, and would apparently reuse code from the breached protocol. “Our mission is crystal clear: Make crypto and America great by driving the mass adoption of stablecoins…