Author: NBTC

Bitcoin has made a recovery back towards the $61,000 level during the past day. Here are the factors that could be behind this surge. Bitcoin Has Made Some Recovery During The Last 24 Hours After showing lackluster price action under $60,000 during the past few days, Bitcoin has finally shown some momentum in the last 24 hours, with its price surging by more than 4%. The chart below shows how the cryptocurrency’s recent trajectory has looked like. At the peak of this rally, BTC had broken above $61,400, but the asset has since seen a pullback. Nonetheless, even after the…

XRP Ledger (XRPL) appears to be in troubled waters as the latest Total Volume Locked (TVL) figures paint a negative picture of the asset. According to data released by DeFiLlama, XRPL’s TVL stands at $269,887. Why DeFi TVL is important This figure represents XRPL’s lowest value since April, when it climbed into the million-dollar range. Notably, on April 11, XRPL had $1.94 million worth of assets locked, and its worth rose steadily thereafter. The latest figures signal that XRP needs attention to turn around its fortunes in the industry beyond whale actions. For context, TVL refers to the total value…

Institutions that use Fireblocks for crypto key management workflows will work seamlessly with M^0’s stablecoin-minting and validation software. The protocol aims to fill the gap between existing stablecoin systems, where all the yield goes to either the token issuers or the token holders. M^0 (pronounced “M Zero”), a protocol that allows institutions to mint their own stablecoins backed by U.S. Treasury bills, reached an agreement for Fireblocks to provide cryptocurrency custody services to its issuers. Firms using M^0 to mint cryptodollars use private keys to transfer them, update collateral balances, retrieve and burn tokens and interact with other participants in…

Investors remain confident in Shiba Inu despite the recent market downturn, with addresses holding SHIB for over a year surging by 34,560 in six months. Bitcoin’s (BTC) bearish performance has continued to impact the price actions of altcoins such as Shiba Inu (SHIB). For instance, SHIB crashed below $0.000016 for the first time since March 2024. The dog-themed token is changing hands at $0.00001553, down 65.48% from its March high of over $0.000045. 1Y+ Shiba Inu Addresses Soars 3.47% in 6 Months Despite Shiba Inu’s recent underperformance, investors’ confidence in the token has not diminished. Data from leading crypto analytics…

Blockchain analytics platform Lookonchain reports that Tether has minted a massive 3 billion USDT in just one week. The distribution of these newly minted stablecoins across major exchanges has fueled speculation about their impact on the crypto market. Lookonchain detailed the flow of these USDT tokens using a visual diagram on X (formerly Twitter), highlighting how a significant portion was sent to exchanges like Kraken, OKX, Coinbase, and Binance through Cumberland, a prominent crypto trading firm. Tether(@Tether_to) minted 3B $USDT in just 1 week!Where did these $USDT flow to?On-chain data shows that 3.22B $USDT has flowed from #TetherTreasury to exchanges…

Nervos CKB, a blockchain platform that offers security and versatility, has recently announced the release of a next-gen open lightning network going by ‘Fiber Network. The new endeavor of Nervos CKB targets offering decentralized, low-cost, and rapid, multi-currency payouts and p2p transfers in the case of RGB++ assets. The platform took to its official X account to announce the respective endeavor. ⚡️CKB Launches the Common Lightning Network Fiber Network Light Paper⚡️✨Launching next week for testing✨🔗Fiber Network is a next-generation common lightning network built on #Nervos $CKB and off-chain channels, offering fast, low-cost, and decentralized multi-token payments… pic.twitter.com/omoXiL64Gy — CKB Eco…

While gold is hitting new highs, the oft-touted “digital gold” has failed to keep up. Bitcoin proponents have long claimed that the cryptocurrency’s unique selling point is that it’s a long-term store of value, just like the precious metal. And the biggest and oldest virtual coin has in the past performed like gold. But that isn’t happening right now. Gold today hit a new all-time high of $2,483 per ounce as geopolitical instability—particularly in the Middle East—and hopes the Federal Reserve will soon slash interest rates have created more demand for the shiny commodity. Meanwhile, Bitcoin’s volatility is soaring and…

HashKey HSK has entered into a strategic partnership with Puffer Finance, aiming to transform digital asset services across Asia. This collaboration brings together HashKey’s platform token, $HSK, and Puffer Finance’s innovative solutions on Ethereum. This partnership will set the stage for significant advancements in the blockchain space. We are pleased to announce our collaboration with @Hashkeyhsk! 🤝HashKey offers a broad ecosystem that includes a regulated exchange, custody services, venture capital, and more! Follow the 🧵1/6 pic.twitter.com/1wCOuQ8duP — Puffer Finance 🐡 (@puffer_finance) August 21, 2024 Puffer Finance Aims to Lead Ethereum with Advanced Staking and DeFi Solutions Puffer Finance wants to…

Binance Labs has announced investments in four standout projects from Season 7 of the BNB Chain’s Most Valuable Builder (MVB) Program. This initiative, known for its ‘rigorous’ selection process, attracted over 700 applications, with less than 2% making the cut. The MVB Program is a collaborative effort between BNB Chain, Binance Labs, and CMC Labs, designed to support and accelerate Web3 innovation within the BNB Chain ecosystem. Four Projects Securing Binance Labs Investments Here are the four projects: Aggregata Aggregata aims to unify AI data, models, and computing into a seamless, one-stop platform. The team is working to redefine AI…

The Open Network (TON) blockchain is experiencing a surge in popularity and value, driven by the upcoming token generation event (TGE) for Hamster Kombat, a viral play-to-earn game on the Telegram platform. The game’s success and the anticipated token launch have spurred increased activity on the TON network, suggesting a growing interest in its potential. Hamster Kombat’s TGE will see the technical generation of the HMSTR token. As per the game’s official website, the token’s in-game utility will also be revealed in July, and the project will continue to undergo significant upgrades. It is important to note that Hamster Kombat…