Author: NBTC

UTONIC, a pioneering multi-instrument solution for TON restaking, shared the details of its first major TVL milestone. UTONIC introduces previously unseen designs for the TON ecosystem and unlocks more powerful yield opportunities. TON’s first restaking solution, UTONIC, hits $100 million in TVL UTONIC, TON’s flagship restaking solution, has secured commitments of $100 million in TVL from notable investors, validators and institutions. The protocol empowers users to repurpose their staked TON, extending the blockchain’s security to additional applications. UTONIC will provide several methods to participate in TON restaking:🏦Native Restaking: Depositing TON into UTONIC smart contracts, those TON will be used in…

State Street Global Advisors and Galaxy Asset Management have introduced three new crypto-focused exchange-traded funds (ETFs), despite recent heavy outflows from similar investment products. Newly launched ETFs will start trading on Tuesday, according to a statement. Galaxy, State Street Introduce 3 Crypto ETFs State Street Global Advisors and Galaxy Asset Management have launched three new ETFs — SPDR Galaxy Digital Asset Ecosystem ETF (DECO), SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) — aimed at giving investors exposure to the blockchain industry while managing volatility. Instead of holding cryptocurrencies directly, these new…

Phoenix Group, a popular crypto analytics firm, disclosed the list of prominent DAO projects in terms of social activity on August 22. Phoenix’s list of top DAO projects based on social activity takes into account several well-known players among which $AAVE, $UNI, $APE, $MKR, and $LDO are also included. The analytics company shared the respective list on its official social media account on X. TOP #DAO PROJECTS BY SOCIAL ACTIVITY$TAO $ICP $ARB $RARE $UNI $AAVE $CRV $APE $LDO $MKR pic.twitter.com/dleKJPOjN3 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 22, 2024 $TAO Dominates the DAO Industry in line with the…

A new crypto bill on Capitol Hill seeks to share oversight powers between the SEC and CFTC, two regulatory juggernauts. Introduced by U.S. Representative John Rose of Tennessee, the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets would establish a Joint Advisory Committee focused on cryptocurrencies. This collaborative effort would enlist knowledge and expertise from both the Securities and Exchange Commission and the Commodity Futures Trading Commission. According to Rep. Rose, the current “heavy-handed” regulation-by-enforcement style has proved ineffective. Rather than tussle for oversight, the SEC and CFTC should cooperate with private actors to build a digital…

Newer platforms are being developed to offer essential liquidity pool data for the growing DeFi market. Every site provides different ways of data collecting – from API-based analytics to user-generated queries. It is also important to note that the issue of data quality remains a significant concern, due to the nature of the cryptocurrency market. As the DeFi space continues to develop at the speed of light new research has shown that the availability of accurate and timely data on liquidity pools is of paramount importance. In this regard, given the DeFi ecosystem development, investors and analysts are increasingly using…

Despite choppy market conditions, crypto investors remain steadfast, with ownership rates holding steady or even increasing in key global regions. The “2024 Global State of Crypto” survey provides a comprehensive look at the enduring commitment of crypto investors during uncertain times. The survey highlights a resilient commitment from investors in the US, UK, France, and Singapore. Retail Crypto Investors Are Not Selling In the US, 21% of adults reported owning cryptocurrency, mirroring figures from the previous year. Similarly, 18% of U.K. residents maintained their digital asset holdings. In France, crypto ownership rose from 16% in 2022 to 18% this year.…

XRP investors received exciting news as Garanti BBVA, one of Turkey’s prominent banks, expanded its cryptocurrency offerings by incorporating XRP into its crypto application. This development allows XRP trading to be conducted directly and securely through the Garanti BBVA Crypto platform, enhancing ease of access for investors. Contents hide 1 Why Is This Significant? 2 Which Cryptocurrencies Are Supported? 3 Key Benefits for Users 4 Conclusion Why Is This Significant? Garanti BBVA’s decision to include XRP in its application comes in response to the growing interest in cryptocurrencies. This addition is crucial because it facilitates easier integration for XRP investors…

The securities regulator recently warned about scams involving ‘crypto asset securities,’ starting a debate around the term’s legal status. Previously, Ripple’s Chief Legal Officer Stuart Alderoty, argued that the term lacked a legal definition when the SEC used it in an FTX-related filing. In the SEC’s enforcement actions with exchanges and crypto companies, what truly qualifies as a “crypto asset security” under US law may remain unanswered. The SEC has not defined ‘crypto asset securities’ The US Securities and Exchange Commission (SEC) warned about crypto investment scams in a post on X. What caught attention is the agency’s use of…

It’s still very much a bull market for Base. But that hasn’t exactly converted to major profits just yet. The Ethereum layer-2 is setting new records for transaction counts and unique active addresses every other day — recording over four million transactions per day from more than one million unique addresses right now. Both those metrics can be easily boosted by Sybil bots and whatnot, but in any case, volumes on Base DEXs Aerodrome and Uniswap are holding steady, while some others across other blockchains have fallen. The blue line on the chart below shows the weekly transaction count for…

Bitcoin is under immense selling pressure at spot rates, crashing below critical multi-month support at around the $53,500 to $56,000 zone. As bears take over, there are concerns that the coin could, after all, slip even lower, plunging towards the $50,000 and even $40,000 level in a bear trend continuation formation. Bitcoin Sellers Testing Resolve Of Determined Active Investors Despite the prevailing doubts, several on-chain indicators point to strength. Notably, one analyst observed that Bitcoin prices have dipped below the “moderate risk lower boundary of 9% from the average purchase price of active investors” for the fifth time in eighteen…