Author: NBTC

The TON network has recorded a remarkable surge in activity driven by a rising number of addresses and transactions on decentralized exchanges (DEXs), per CryptoQuant’s analysis. This points to increased interest from investors and traders in decentralized trading, especially on STON.Fi. Interestingly, this jump in activity has happened as TON’s price has stabilized after a period of upward movement. This might mean that while early adopters may have already profited, many new traders might have missed out on speculative gains. Even without recent price changes, the rise in new addresses interacting with TON’s DEXs shows continued interest and confidence in…

The recent crypto fundraising events have injected massive capital into blockchain projects, with several surpassing $100 million. These events highlight the continued interest and confidence in blockchain technology. MAJOR RECENT CRYPTO FUNDRAISING EVENTS#Toncoin $TON #DriftProtocol $DRIFT #Helius #HemiNetwork #Yellow $YELLOW #PipeNetwork #TrueX $PYUSD #Fermah pic.twitter.com/SgFGSPm0js — PHOENIX – Crypto News & Analytics (@pnxgrp) September 21, 2024 The prominent projects in the latest fundraising include Toncoin (TON), Drift Protocol (DRIFT), Helius, Hemi Network, and Yellow, with a wide range of investors backing their initiatives. A crypto analytical platform revealed the details of these funding projects through X platform. Toncoin Raises $30M…

BabyDogeCoin (BABYDOGE) has initiated a petition to be listed on Binance in order to broaden its market reach. The petition reflects BabyDoge’s growing influence and its potential to contribute significantly to the Binance ecosystem. As BabyDoge celebrates its third anniversary, the request aims to leverage its established community and diverse ecosystem. Reasons Behind the Petition The BabyDoge team has put forward the following reasons behind the petition: 1. Proven Growth and Community Engagement Since its launch, BabyDoge has shown growth, with over 1.8 million holders globally. According to the team, it stands out as the most-held token on the Binance…

As a significant development in the Web3 space, Aurory AI and Orbler have unveiled plans to join hands through a strategic partnership with the view to complementing each other and fostering innovation and growth. This partnership will increase community engagement and adoption of Web3 technologies as well as introduce co-marketing strategies for both parties and consumers. 🤝Partnership Announcement: Aurory AI <> Orbler🤝🎉 @AuroryAI is excited to announce a strategic partnership with @Orbler1 , a leading Web3 marketing platform. This collaboration aims to leverage the strengths of both companies to drive innovation and growth within the Web3… pic.twitter.com/HkCi3xk9JY — Aurory AI…

Bitcoin suffered a significant correction in early European trading hours Tuesday, plunging from $70,000 to sub-$66,000 levels. The world’s largest cryptocurrency has since rebounded. At the time of writing, the Bitcoin price is currently $66,736.53, representing a 4.4% decline over the past 24 hours and means it’s now exactly where it was this time last week, according to data from CoinGecko. The sudden downturn has sent ripples through the crypto market, with Ethereum, the second-largest cryptocurrency, also feeling the pressure. At the time of writing, the Ethereum price is currently sitting at $3,352.94, down 0.6% in the same period, according…

Cega’s vault token market (VTM) eliminates the protocol’s 27-day lock-up period, allowing users to withdraw their USDC deposits when required. The new feature is available to market makers and yield farmers. On Tuesday, decentralized exotic-derivatives protocol Cega announced a new feature that gives users more flexibility in managing their investments and responding to changing market conditions. The Vault Token Market (VTM) will boost liquidity, utility and flexibility of users’ investments, Cega said in a press release shared with CoinDesk. With a total value locked (TVL) of over $10 million, Cega is the world’s third-largest decentralized exotic-derivatives protocol. It allows holders…

The Federal Reserve (Fed) aggressively slashed interest rates Wednesday, announcing the first rate cut since March 2020. The decision surprised some economists and policy experts. The Fed lowered its benchmark rate by 0.50 percentage points on Wednesday, or double the more typical 0.25 percentage point cut. This move marked a critical turning point in the Fed’s fight against the hottest inflation in 40 years. Market odds overwhelmingly supported a 25 basis point cut the week before the decision. So what happened? Was the Fed pressured into a larger rate cut? Fed Chair Jerome Powell said that the central bank is…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! If you haven’t yet heard, I’m now hosting the Lightspeed podcast as well as writing this newsletter. I’ve babbled my way through a few episodes and am having a good time so far. Give it a listen wherever you get your podcasts. Anyways, interesting exclusive news today: Solayer restaking platform heads to mainnet Solana’s restaking era has begun. Solayer is bringing its restaking network to mainnet, the team told Lightspeed exclusively. The months-old business garnered tens of millions…

As blockchain adoption skyrockets, effective scaling is essential to support this growth. While Solana is celebrated for its speed and scalability, the surge in users demands even more robust solutions. To explore how the industry can keep pace, we spoke with Bernie Blume, the CEO and Founder of Xandeum, to discuss his take on scalability in the blockchain space.—Solving The Blockchain Storage TrilemmaWith years of experience in the IT industry, Bernie has always been involved in the systems and hardware aspects of technology. As someone that loves solving problems deep down in the technology’s base layer, he has always been…

Amid Bitcoin’s (BTC) struggle to break past $70,000, a crypto technical analyst has stated that recent price movements suggest that the digital asset has the potential for a massive breakout. Particularly, in an X post on July 29, the analyst, Gert van Lagen, noted that Bitcoin appears to be on the verge of a significant breakout, with its next potential target ranging between $240,000 and $320,000. This bullish outlook is highlighted by a compelling “Cup & Handle” formation on Bitcoin’s weekly chart. Notably, this pattern is typically seen as a bullish continuation pattern, indicating that the price is likely to…