Author: NBTC

Aave (AAVE) drew in more than $20B in net deposits again, following the overall market recovery. The protocol continues to expand as the supply of GHO is now above 150M tokens. Aave (AAVE) is one of the fastest-growing protocols, rebuilding its value in the past three months. After a brief period of withdrawals, net deposits on Aave are back above $20B. The protocol carries more than $7.5B on active loans, which are safely protected by excess collateral. The Aave protocol is also growing its value locked as crypto markets regained their positions. Aave total value locked (TVL) increased to $12.5B…

Synthetix (SNX) is set to introduce the highly anticipated Snaxchain on September 15. While initially focused on Synthetix management operations, Snaxchain promises to expand its capabilities over time, ushering in a new era for Synthetix users. Snaxchain’s roadmap includes a number of features designed to enhance the Synthetix ecosystem. These include: Cross-chain SNX staking and fee collection, facilitating asset management across multiple networks. The multi-chain SNX Liquidity Share will promote deeper liquidity across various platforms. Multi-chain Synthetix perps trading is intended to offer new opportunities for leveraged trading. While a website and explorer for the testnet have recently been created,…

Metaplex Foundation announced the Metaplex Aura Network on September 23, 2024. Aura is a decentralised indexing and data availability platform designed to extend the Solana and Solana Virtual Machine networks. MPLX price rose 12% amid the news and overall crypto market surge. The Metaplex Foundation, the non-profit supporting the Metaplex Protocol, has announced a new decentralized indexing and data availability layer for Solana (SOL). Metaplex Aura Network is the new platform that Metaplex Foundation introduced on Sept. 23, revealing that the new platform complements the Solana Virtual Machine and the Metaplex Program Library with a decentralised network for real-time data…

U.S. spot bitcoin exchange-traded funds (ETFs) attracted $124.13 million on Monday, elevating the total net inflows to $17.71 billion. Data indicates that $2.68 billion was traded during Monday’s sessions, with Blackrock’s IBIT emerging as the only gainer. Blackrock’s IBIT Emerges as Monday’s Sole Gainer On Monday, sosovalue.xyz stats show the 11 U.S. spot bitcoin ETFs garnered $124.13 million in inflows, driven entirely by gains in IBIT. Blackrock‘s IBIT drew in $205.62 million, while three other funds experienced net outflows. Grayscale’s GBTC saw a withdrawal of $54.29 million, Bitwise’s BITB lost $21.3 million, and Fidelity’s FBTC faced a modest reduction of…

Russian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden administration have weakened the dollar’s global reserve status. He further noted a global shift towards dedollarization, led by nations like China and Russia, as many countries recognize the risks of dollar dependency in international trade. Russian FM Backs Trump’s Warning on US Sanctions, Dollar’s Decline Russian Foreign Minister Sergey Lavrov backed former U.S. President Donald Trump’s comments on Friday regarding the adverse effects of U.S.…

Google Cloud has teamed up with Solana Labs to launch GameShift, a new Web3 infrastructure platform specifically designed to support gaming applications. GameShift, now available on Google Cloud Marketplace, gives gaming developers easy access to wallets, tokenized assets, and on-chain markets. This partnership between Google Cloud and Solana Labs is set to drive Web3 growth and gaming innovation. In the official blog post, Google Cloud outlined its plan to use Web3 technology to revolutionize the gaming industry. The platform aims to help developers unlock this potential with GameShift. Google Cloud stated: “We want to share with the Google Cloud community…

Animoca Brands, a company specializing in digital property rights and gaming, alongside The Sandbox, a decentralized virtual world, and Smobler, a metaverse architecture firm, have launched the virtual Universal Peace Sanctuary. The project, hosted in The Sandbox metaverse, aims to foster global peace and cultural understanding. Virtual Peace Sanctuary Debuts in The Sandbox Metaverse, Backed by Animoca Brands and Smobler According to the announcement on Tuesday, the virtual Universal Peace Sanctuary offers an interactive environment where users from all over the world can engage in experiences promoting harmony. Animoca Brands, known for its role in advancing digital property rights through…

Bitcoin’s future may be closely linked to the outcome of the upcoming US presidential election, according to a research report by investment bank Jefferies. Bitcoin’s Future May Depend on US Election Results The report suggests that recent shifts in political attitudes towards cryptocurrency, particularly by former President Donald Trump, could significantly impact Bitcoin’s price in the near term. The Bitcoin Nashville conference last week was attended by many prominent political figures, including Trump, underscoring the growing political interest in the cryptocurrency. Jefferies analysts Jonathan Petersen and Joe Dickstein noted that Trump’s nascent support for the crypto industry could impact Bitcoin’s…

South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships and global initiatives like Project Agora highlight the broader impact of this digital shift. Bank of Korea’s CBDC Token Trial to Launch in December The Bank of Korea (BOK), South Korea’s central bank, will allow selected participants to use digital tokens, converted from bank deposits, for payments at domestic supermarkets and convenience stores starting in December,…

In 2024, Internet Computer (ICP) has emerged as the most active cryptocurrency on GitHub, as reported by PHOENIX, a crypto media outlet. Since the last six months, the ICP project made a total of 4,010 commit on GitHub, making it the most active cryptocurrency out of all. This level of activity is significantly higher than the majority of other large cryptocurrencies, which demonstrates continuous development in the ICP project. THE MOST ACTIVE CRYPTOS BASED ON THE #GITHUB DATA FOR 6 MONTHS $ICP $BTC $SUSHI $MINA $RBC $LINK $ATOM $CAKE $STORJ $NEAR pic.twitter.com/ooxiCQwB4b — PHOENIX – Crypto News & Analytics (@pnxgrp)…