Author: NBTC

Tron (TRX) network founder Justin Sun revealed his ambitious plans for the future of the blockchain platform in a recent social media post. Sun announced that he will be conducting an exclusive interview with leading influencer Mario Nawfal, who has 1.6 million followers on platform X. The interview is scheduled for next Monday. During the announcement, Sun stated that he believes the TRON network is on the verge of a major breakthrough in the memecoin space. He suggested that the popularity of memecoins, especially those on the TRON network, is just beginning to grow. Sun claimed that a memecoin with…

Solana co-founder Anatoly Yakovenko has criticized the Ethereum layer-2 network ZKsync because it still operates like a multisig system despite claims of community-led governance. In a post on X (formerly Twitter), Yakovenko argued that the same “honest majority” assumptions apply to ZKsync because its system’s legal or technical control could easily fall under the jurisdiction of a court, compromising its decentralization. According to him: “Enough of the token holders to create a quorum and enough of the ‘professional security council’ could be within reach of a rando US bankruptcy judge that could order all of them take all the bridged…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner.Here’s what you’ll find in today’s edition: A look at where we stand headed into next week’s Federal Reserve interest rate decision. Bitcoin ETFs have been on the US market for 8 months. Let’s look at the numbers to see how they’re doing. Happy Friday! We break down some economic data from this week. Anyone have a Magic 8 Ball?…

GameSwift has partnered with Fetch.ai to change how people strategically use their power, creating new ways to earn money regarding the ongoing technology trends. As the first gaming partner of the Fetch.ai Foundation, it is clear that GameSwift will modernize the gaming sector in an agent-centric world. GameSwift announced this strategic partnership on the official X account. Explore our partnership with @Fetch_ai and GameSwift’s role in the Fetch Foundation with Maria Minaricova (Fetch) and Peter Busch (Bosch).👉 Users profit by using their computing power for AI advancements via agent infrastructure.👉 GameSwift, as the Foundation’s first gaming… pic.twitter.com/nfzGlCuRGL — GameSwift AI…

For the first time since February, Bitcoin’s (BTC) price has fallen below $50,000. In the early hours of August 5, the coin ranked as the most valuable cryptocurrency dropped as low as $49,032. The decrease is part of a broader crypto sell-off that has caused panic in the market. Further, this development was also a result of macroeconomic factors affecting the crypto ecosystem. Global Market Changes Force Bitcoin Down According to Bloomberg, the Bank of Japan’s unexpected increase in interest rates is one reason Bitcoin and the crypto market at large are feeling the heat today. Following the development, the…

The crypto industry’s monetary involvement in the 2024 US presidential election has exceeded $1.2 billion, with Polymarket accounting for a vast majority of the amount, according to a recent report by Breadcrumbs. The report outlined how political donations, decentralized betting, politifi tokens, and NFT sales have connected crypto with the election in unprecedented ways, marking a sharp increase from previous election cycles. Donations up 10x Political donations from the crypto sector have surged to $190 million, nearly doubling the $98 million contributed in the 2022 cycle and up more than 10x from $15 million donated in 2020. Leading contributors include…

As an increasing number of layer-2 chains compete today for user attention and liquidity, developer efforts are ramping up around “chain abstraction,” a broad term used to describe a seamless cross-chain user experience across all chains. Fully implemented chain abstraction is still years away, though we have an early glimpse into what a chain-abstracted user experience looks like. In partnership with Everclear (previously Connext), Renzo protocol sought to bring native restaking to six supported layer-2s: Arbitrum, BNB Chain, Base, Mode, Blast and Linea. Renzo is the third-largest liquid restaking protocol, with $1.2 billion in total value locked (TVL) today. Read…

In a recent tweet, Neon Rebel, cofounder and CEO of Paradigm, announced a significant update that has caused quite a stir in the blockchain community. This week, Paradigm quietly introduced a new feature called applicative recursion as part of Starknet’s 13.2 upgrade. The innovation is called blockpacking and is expected to change how transactions are conducted. We quietly rolled out applicative recursion this week and it’s been a fucking gamechanger💥💥Part of @Starknet’s 13.2 upgrade, applicative recursion (aka blockpacking) bundles multiple L2 blocks into a single recursive proof which means fixed L1 costs get spread across a much… pic.twitter.com/ZKZhYEAciV — Neon…

Early August 2024 has been marked by a major sell-off across the markets, with stocks and cryptocurrencies wiping billions of dollars of value within hours. Few assets have been as active or as dramatic as Bitcoin (BTC), the world’s premier cryptocurrency, which has, after briefly promising to regain its annual and all-time highs (ATH) above $73,000, rapidly plunged through several consecutive support levels. In fact, in the small hours of Monday, August 5, BTC even briefly crashed below $50,000, though such a level seemingly appeared too enticing for investors to miss out on, and the buying pressure the plunge created…

$360 billion asset manager Janus Henderson has stepped into the ring with other Wall Street giants in the amusing movement toward blockchain technology. They’re taking over the management of the $11 million Anemoy Liquid Treasury Fund, which invests in short-term US Treasury bills. This fund’s been tokenized. What does that mean? They’re turning the fund’s shares into digital tokens on the blockchain, essentially putting this money on-chain. You’ve probably heard the names before. BlackRock, Fidelity, Franklin Templeton. These companies are already tokenizing Treasuries and money markets. Janus Henderson is now following their lead. But what’s different here is that they’re…