Author: NBTC

Aerodrome, a central marketplace for liquidity and trading on Base (an Ethereum L2 of Coinbase), has made a significant development. As per the platform, it has witnessed a huge 37% jump in comparison with Uniswap (the automated crypto exchange on Ethereum) over the last thirty days. The company revealed this development on its official account on X. Aerodrome Outpaced Uni V3 by 37% ✈️In the past 30 days, Aerodrome recorded $4.27 billion in volume for the $WETH – $USDC pair. Aerodrome exceed Uni V3 volumes every day.Aerodrome is the hub for ecosystem pair trading on @base. 🔵 pic.twitter.com/SLyhaMdnFO — Aerodrome…

MetaTrust Labs and ChainSwap have formed a strategic partnership valued at up to $1 million to enhance cross-chain financial privacy, the companies announced on Wednesday. The partnership uses a memorandum of understanding (MOU) to establish a framework for collaboration. The partnership is built on extensive prior audits and technical exchanges, establishing a strong foundation of trust between the two firms. Its goal is to develop cutting-edge financial privacy tools, creating a safer and more efficient cross-chain transaction ecosystem. “This collaboration is a crucial step in our commitment to delivering secure and seamless transactions across blockchains. Together, we will elevate the…

The markets are seeing red. Mark Wong, HashKey OTC’s head of trading, chatted with Blockworks about the market, giving a little peek under the hood at the overall vibe. “What’s interesting is that there’s been no significant technology of yet to build a catalyst. We do feel that sentiment has been basically revolving around most of the same players,” he told me. The big catalyst earlier this year was clearly the bitcoin ETFs, which led bitcoin to hit a fresh all-time high following the previous bear market. But now, outflows could signal a “true correction” according to CoinShares, which noted…

Decentralized finance (DeFi) protocol Gyroscope said Thursday it roll out a new yield-generating version of its stablecoin. “Savings GYD,” or sGYD, will aim to pay out 12%-15% annualized yield to token holders, variable to market conditions,” the team said. “The revenue comes from the tokens backing assets that are placed in segregated vaults across various DeFi investment strategies.” The protocol “may be able to source” additional revenue from fees from its high-yield liquidity pools, launched earlier this year, the group added. Gyroscope hopes to attract decentralized autonomous organizations (DAO) to allocate a part from their treasuries in sGYD to earn…

The collapse of crypto exchange FTX in November 2022 highlighted the dangers of investment platforms that are illegally co-mingling funds, whereby customers’ deposits are misused for other trades or investments. In response to such events, Algoz rolled out its Quant Pro investment vehicle, in which managers trade the collateral value of investor holdings without taking control of the assets themselves. Crypto asset manager Algoz has teamed up with Zodia Custody, the cryptocurrency custodian service backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, for its digital asset investment vehicle. Raanana, Israel-based Algoz aims to maximize its protection…

The total value of assets locked in Blast stands at approximately $847 million, according to DefiLlama. However, Blast’s own site reports a higher figure, indicating over $1.4 billion in assets. This difference highlights the different methodologies used in calculating Total Value Locked (TVL) and underscores the growing interest in Blast’s ecosystem. Top Blast Protocols by Total Value LockedThe total value of assets locked in @blast is around $847M, according to @DefiLlama (and over $1.4B according to #Blast site). Let’s compare the top protocols on Blast by current TVL in USD, including @ThrusterFi, @__ringprotocol,… pic.twitter.com/7Hx2WRgRKF — TOP 7 ICO | #StandWithUkraine🇺🇦…

The cryptocurrency market experienced a very deep decline today, led by Bitcoin. The world’s largest cryptocurrency has fallen to $60,567, which it has not seen since the beginning of May, and is trading at $60,734 at the time of writing. The daily decline rate in BTC was approximately 4%. Chart with daily candles showing the performance of the BTC price. During the period when Bitcoin lost so much value, ounce of gold gained 0.32% in value in the last 24 hours and is currently at the level of 2,328 dollars. The main reason for the decline in BTC price is…

Ethena Labs introduced USDe, a synthetic dollar designed to offer a scalable and crypto-native solution for stable value storage and transactions. Let’s find out more on the stablecoin and how it works. Understanding USDe: The Basics USDe is a synthetic stablecoin backed by collateral in the form of Ethereum (ETH) and Bitcoin (BTC). Unlike traditional stablecoins like USDC or USDT, which are pegged to fiat currencies and rely on reserves held in banks, USDe’s value is maintained through a mechanism known as delta hedging. This method involves using derivatives to manage the risk associated with fluctuations in the value of…

Prediction markets are having a moment. After Joe Biden’s halting debate performance last month led to speculation that he might drop out of the race, the blockchain prediction market Polymarket – where users had already been betting on the incumbent’s election odds – became a useful resource for gleaning public sentiment. Polymarket lets users bet on everything from sporting events to science. Although it’s illegal to bet on election outcomes in the United States, Polymarket’s global prediction markets have earned citations alongside traditional voter polls in Beltway discussions concerning the 2024 U.S. presidential election. Now, the Coinbase Ventures-backed Vega network…

A well-known blockchain network, aelf, has recently announced an exclusive collaboration with ChainGPT. aelf and ChainGPT are partnering to turn aelf into an AI-driven blockchain. This collaboration supports ChainGPT’s goal of building a decentralized Web3 sector using unique AI technologies. The platform took to its official X account to provide the details of this partnership. aelf is proud to announce our strategic partnership with @Chain_GPT to enhance our blockchain infrastructure with cutting-edge AI solutions! 🌐💡 🤖 We’ll be integrating #AI solutions from ChainGPT to improve user experiences and empower developers on our AI-enhanced Layer 1… pic.twitter.com/UxRmdlZIvc — ælf (@aelfblockchain) August…