Author: NBTC

In the past week, Circle has injected nearly $1 billion in fresh liquidity into the Solana ecosystem. Stablecoin issuer Circle minted $250 million of its USDC token via its treasury wallet on Solana (SOL). As of this writing, USDC is the largest stablecoin offering on the SOL ecosystem. Circle’s dollar-pegged crypto comprises $2.35 billion out of $3.34 billion of stablecoins on Solana. Only Tether’s USDT, with its $774.65 million supply on SOL’s network, comes close. USDC has established itself as the unmatched stablecoin leader on Solana, with integrations on leading SOL-based platforms like the Phantom wallet. You might also like:…

At the 2024 Bitcoin Policy Summit, Nicaraguan pro-democracy activist Félix Maradiaga shared his insights on the severe challenges facing his country, which is under the autocratic rule of Daniel Ortega. According to Maradiaga, the Nicaraguan people are losing their freedoms at an alarming rate. “According to the Freedom in the World report, we have the very unfortunate label of being the country that over the last year has lost the most freedoms,” Maradiaga told Bitcoin Magazine. “Imagine a country in which you could go to prison for raising the national flag, for tweeting, for receiving a remittance from an international…

SushiSwap, one of the top DEXs on Binance Smart Chain, has created bad debt through its now-abandoned DeFi lending project, Kashi. Debt on Kashi Lending is still a problem, recent research by Defi Llama revealed. The protocol will not affect SushiSwap in any way, since it was abandoned. But the still-working smart contracts on Kashi Lending have been accruing bad debt, based on their predetermined interest rates. The permissionless lending protocol now carries a reported $100M in debt, which may never be repaid. DeFi Llama noted the current bad debt situation will not affect new traders, but may have destroyed…

2024 has been a key year for Ethereum (ETH), attracting institutional investors’ attention to its native token and ecosystem. Ether’s price, however, had a worse performance year-to-date (YTD) than competing cryptocurrencies like Bitcoin (BTC) and Solana (SOL), for example. Looking for insights into what is to come next year, Finbold asked Meta‘s artificial intelligence (AI) most advanced open-source model, Llama 3.1, for an Ethereum price prediction for 2025. As a bullish case, Meta AI predicts ETH will trade between $6,500 and $8,000 in 2025. Meanwhile, it is possible that Ethereum ranges between $1,800 and $2,500 in a bearish case. This…

Drop has officially launched its innovative cross-chain liquid staking protocol as a key member of the Lido Alliance. As an Integrated Application on Neutron, Drop is set to unlock liquidity for staked assets across the Interchain, addressing the long-standing issue of capital being tied up and unusable.—Drop Launches as a Pioneering Cross-Chain Liquid Staking ProtocolDrop, developed by former Lido DAO contributors and P2P, aims to enhance the economic potential of sovereign blockchain economies. By converting idle staked assets into active liquidity streams, Drop addresses the $15 billion worth of assets currently locked in native staking, which hampers growth and application…

Ethereum has been under intense scrutiny due to its recent price fluctuations and market performance. While facing a turbulent period marked by significant declines and market challenges showcasing the bearish trend, Ethereum has also shown signs of resilience and potential recovery that could lead to an opposite and more bullish trend. So, this article explores the latest developments in Ethereum, analyzing key market indicators for both potential trends and comparing its performance with that of Solana. Ethereum Mixed Signals: What To Expect For ETH Price? Ethereum Price Shows Bullish Signs: Are Whales Buying the Dip? Ethereum bullish trend was detected…

Neo Global Development is hosting an X Spaces session dedicated to innovative AI applications in Web3. The guest panel will feature team members from projects building on the Neo X EVM sidechain, as well as others from outside the ecosystem. The forum will be moderated by Carolyn, a business development manager at NGD, and will be recorded. The discussion will begin at 10:00 a.m. (UTC) on Friday, July 12, with guests to include: Nick Havryliak, co-founder and CEO of Assisterr Cedar, ecosystem builder at DSC Mahmoud Farouk, COO of TrendX Oz, community lead at GaiaNet Join our Neo Eco-talk Space…

On Thursday, bitcoin (BTC) peaked at $66,455 per coin around 7 a.m. EDT but dropped to approximately $64,516 by noon. The volatile movements resulted in $118.82 million in liquidations across the crypto economy, with long positions accounting for $61 million of that total. Bitcoin’s Rapid Rise and Fall Triggers Major Liquidations in Crypto Economy Bitcoin reclaimed the $66,000 level on June 20 but couldn’t maintain its position due to selling pressure. As of 2 p.m. Thursday, the price is fluctuating between $64,850 and $65,150. When BTC moves, it often influences the broader crypto market, causing altcoins to rise and fall…

Chainlink’s Proof of Reserve ensures 24/7 monitoring of collateral, enhancing transparency and reducing risks in DeFi. PoR helps prevent infinite minting attacks by verifying sufficient collateral before token creation, safeguarding market integrity. Institutions use PoR for trustworthy collateral management, integrating it with regular audits to maintain investor confidence. Chainlink’s Proof of Reserve (PoR) is becoming an important instrument for maintaining transparency and security in the decentralized finance (DeFi) industry. 1/8 The primary goal of @Chainlink’s Proof of Reserve (PoR) is to monitor the off-chain or cross-chain reserves of any collateralized token and bring this data on-chain.Despite the simplicity, PoR unlocks…

Recent data from PHOENIX, a leading crypto media source, reveals the top blockchain projects based on the total value of staked tokens in USD. This metric is a critical indicator of investor confidence and engagement within these networks. TOP PROJECTS BY TOTAL VALUE OF STAKED TOKENS$ETH $SOL $ADA $SUI $TRX $AVAX $APT $TIA $TON $DOT $NEAR $SEI $MATIC $ATOM $HBAR pic.twitter.com/fx999dD5Cq — PHOENIX – Crypto News & Analytics (@pnxgrp) August 10, 2024 Ethereum Dominates with $88.4B in Staked Tokens, Leading the DeFi Market Ethereum (ETH) is leading the list which has a staggering $88.4 billion worth of staked tokens. This…