Author: NBTC

Token unlocks are changing the DeFi space by releasing tokens into circulation, often causing significant price changes. With over $568 million worth of assets ready to unlock before October 6, the market could become more volatile. The impact of these unlocks depends on current market conditions and investor sentiment, making this a key period for traders and long-term investors as DeFi projects adapt to their new circulating supplies. A recent report from Token Unlocks highlighted the different ways token unlocks affect token prices. PENDLE saw a 4.2% unlock of its total supply but managed a 234% price surge, showing strong…

Justin Sun’s SunPump introduced a launchpad for digital collectibles in collaboration with non-fungible token marketplace APENFT. The new platform expands the range of offerings for the viral token launchpad and follows up on commitments the Tron executive made recently. SunPump Teams Up For NFT Launchpad Justin Sun announced the launchpad in a post on X (formerly Twitter). He cited the first-ever fair launch platform for NFT collections on the TRON network. Dubbed NFT Pump, the platform is live and available for users, including NFT enthusiasts, amateurs, and professionals alike. “For the first time in the world, NFT + MemePump has…

Ethereum price is holding gains above the $2,650 resistance. ETH is now consolidating gains and might aim for more gains above $2,700. Ethereum is aiming for more upsides above the $2,700 resistance. The price is trading above $2,620 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,600 support to continue higher in the near term. Ethereum Price Eyes More Upsides Ethereum price extended its increase and climbed toward the $2,700 level before the bears appeared.…

Hodler Investments, a Dubai-based firm with a portfolio in energy, AI, and digital asset mining, has signed a strategic partnership with Abu Dhabi’s EHC Investment. Together, they will launch NEXGEN, a project aimed at monetizing wasted energy, like flared gas, to power datacenters in the UAE, KSA, and Egypt. NEXGEN will help establish a compliant digital energy market to supply vital infrastructure by monetizing wasted energy, such as flared gas, in the UAE, KSA, and Egypt. Its goals include hosting global data center operators, reducing carbon emissions, and contributing to the Digital Energy Infrastructure (DEI) Fund, a local decarbonization innovation…

Elon MUSK has caused a stir in the tech and cryptocurrency communities with the introduction of the upcoming AI Grok 2 and the popular Solana-based meme coin Dogwifhat (WIF). This has left many people wondering about the potential role of AI in the rapidly changing world of cryptocurrency. In addition to announcing that he will be releasing an expanded version of his AI language model called Grok 2 in August, Elon Musk also shared some other interesting details about what users can expect from the system. According to Musk, Grok 2 has some great new features, including the ability to…

Former Alameda Research CEO Caroline Ellison has been sentenced to two years in prison for defrauding investors of crypto exchange FTX and its sister firm. Judge Lewis Kaplan of the U.S. District Court of the Southern District of New York handed down the light sentence, citing Ellison’s strong cooperation as a witness against former FTX fraud ringleader Sam Bankman-Fried last fall. “I’ve seen a lot of cooperators in 30 years,” said Kaplan, per Bloomberg. I’ve never seen one quite like Ms. Ellison.” Bankman-Fried received a 25-year sentence last fall, although he has appealed the decision. Ellison, 29, pled guilty in…

Coinbase’s (NASDAQ: COIN) Layer-2 (L2) network Base is one of the most popular second-layers built on top of Ethereum (ETH). On September 21, Base experienced an outage, going through 20 minutes without producing any blocks, similar to Solana’s outages. The event went unnoticed in the cryptocurrency market, with a discreet communication labeling it “degraded performance ” – after it was resolved. However, the problem was bigger than a simple “degraded performance,” as Base had its block production stalled, being effectively down. Jesse Pollak, creator of Base and leading developer on Coinbase, explained it was the network’s second outage since its…

The US government has four official reserve assets. Why shouldn’t bitcoin be the fifth? If bitcoin-friendly Senator Cynthia Lummis gets her way, the US government will buy one million BTC ($67.7 billion) over five years to bolster Treasury coffers. A strategic bitcoin reserve managed by the US government. President Donald Trump otherwise floated a plan to stop the US from selling anymore of its seized bitcoin at Bitcoin 2024 in Nashville. Trump would prefer that the US indefinitely holds its remaining 213,240 BTC ($14.85 billion), which authorities seized from a variety of criminal cases including Silk Road and the Bitfinex…

Solana has officially integrated with Chainflip, marking a significant milestone in the decentralized finance (DeFi) ecosystem. Chainflip, a decentralized cross-chain swap platform, enables seamless exchanges between major cryptocurrencies such as Bitcoin and Ethereum, and now Solana. With this integration, SOL ecosystem becomes part of a selected group of blockchains offering cross-chain transactions, further strengthening its position as leading Layer 1 blockchain. Soylana Manlets assemble, Solana is now live on Chainflip! 🟪 Seamlessly swap native $BTC, $SOL & more today👇https://t.co/uING9wElBN pic.twitter.com/mEW7RzqIzV — CHAINFLIP LABS (@Chainflip) September 24, 2024 Chainflip, known for its focus on decentralized and secure cross-chain transactions, released a…

On Tuesday night in midtown Manhattan, crypto’s cultural elite celebrated the conquest of yet another corner of the luxury market, over sparkling wine and small bites at Swarovski’s glittering flagship store on Fifth Avenue. They were there to kick off the launch of a new line of algorithmically designed, Ethereum NFT-paired, and NFC-chipped custom hoodies, created by a dizzying web of collaborators. The 322 one-of-one clothing pieces constituted the second collection from mmERCH, a tech-focused luxury fashion brand, and were inspired by the CryptoPunk belonging to Punk-themed DJ Danny Maegaard, aka Seedphrase. All came with NFTs created by the prominent…