Author: NBTC

On Tuesday, August 20, Tether Treasury minted $1.0 billion in USDT on the TRON network. It marks a notable event in the stablecoin market, according to CryptoQuant. This action is part of a larger trend, as it represents the 18th time in the past year that Tether has minted exactly $1.0 billion USDT on TRON. New $1.0B USDT created on the TRON Network”On Tuesday, August 20th, Tether Treasury minted $1.0 billion USDT on the TRON network, highlighting a growing demand for stablecoins in the crypto space.This action is not an isolated incident. It’s already the 18th time in the past……

A new partnership has been forged in the Web3 ecosystem, as Orbler1 partners with a prominent blockchain entity to strengthen community engagement and growth. This collaboration, focused on the mantra “From Community To Community,” aims to bridge Web2 audiences and introduce innovative growth strategies through missions, staking, and community-driven initiatives. Join us to welcome our new partner @Orbler1With mantra ‘From Community To Community,’ Orbler is a dynamic Web3 marketing platform bridging Web2 audiences, offering missions, staking, and community-driven growth strategies.Detail:https://t.co/LVWg3Hv3PdStay tuned for… pic.twitter.com/Y1SSCULr97 — TrustyFi (@trusty_fi) September 12, 2024 Orbler is a dynamic Web3 marketing platform designed to create seamless…

Bitcoin (BTC) is back at the $55,000 price level after a sharp 8.5% recovery over the past 24 hours. Spot BTC exchange-traded funds (ETF) investors’ activity has shown resilience so far, with ETFs such as BlackRock’s IBIT registering zero outflows on Aug. 5. Major altcoins registered even larger movements, such as Solana’s (SOL) 21.4% growth in the period. This recovery could be a natural movement from the market since BTC faced the deepest correction of the current cycle after falling 29% in two weeks, as highlighted by the trader identified as Rekt Capital. Notably, the $49,000 price region was respected…

YnBNB becomes the first liquid-restaking token on the BNB Chain. Restakers will accrue additional yield and “Seeds” rewards points, which qualify holders to receive token airdrops. YieldNest will work with existing restaking protocols Kernel, Karak and Binominal. Restaking protocol YieldNest announced the introduction of ynBNB, the first liquid-restaking token on the BNB Chain, giving users the opportunity to earn returns on top of those from staking the native BNB token. YieldNest said it aggregates all sources of potential yield and offers access to restaking platforms including Kernel Protocol, Karak and Binominal. Restakers will then accrue yield and reward points from…

The Fed is expected to begin gradually reducing interest rates after the latest inflation report showed a cooling trend in inflation and the inflation rate fell to its lowest level in the last three years. Nick Timiraos, often referred to as the “Fed spokesman,” wrote in an op-ed Wednesday that the August Consumer Price Index (CPI) report could prompt the Fed to begin cutting interest rates at its meeting next week. The CPI rose 2.5% annually in August, down from 2.9% in July, marking the fifth straight month of slowing inflation, according to the U.S. Labor Department. The core CPI,…

Ripple CEO shilled the star-studded Ripple Swell 2024 event on Thursday, stating it will be the best yet. Brad Garlinghouse, the CEO of Ripple, has expressed his excitement over a star-stacked speaker list for the upcoming annual Ripple Swell 2024 event. In a post on Thursday, Garlinghouse stated that this year’s edition would be the best version yet. The Ripple boss quoted a tweet from the firm revealing the speakers for the upcoming Ripple Swell event. The list comprised heavyweights in the crypto, fintech, and payment sectors. This year’s Ripple event will happen between October 15 and 16. The payment…

Crypto game aggregator and discovery platform Earn Alliance announced Thursday that it has launched Magic Muffins, a combat game playable through messaging platform Telegram. Magic Muffins lets players create and customize a team of five muffin characters, then tap to battle and defeat various enemies while earning upgrades and rewards. Like other tap-to-earn games on Telegram, Magic Muffins will let players earn crypto rewards, with Earn Alliance’s ALLY token set to launch on October 10. Earn Alliance said the game’s soft launch drew over 5,200 players, who averaged 10-minute play sessions. Players spent 1.3 million gold, Earn Alliance’s in-game currency,…

Fhenix, a trailblazer in Fully Homomorphic Encryption (FHE) Layer 2 solutions, has announced a significant partnership with Celestia, integrating its modular data availability network into the Fhenix ecosystem. This move positions Fhenix at the forefront of privacy-preserving technology by leveraging Celestia’s robust data infrastructure.—Celestia’s modular design offers a high-throughput network that makes transaction data accessible for download by anyone. This feature allows Fhenix to support scalable, privacy-focused applications with enhanced efficiency. By providing reliable data streams, Celestia ensures that Fhenix developers can build applications that use a diverse range of on- and off-chain data sources while maintaining top-notch privacy standards.Guy…

As Bitcoin (BTC) aims to reclaim and hold gains above $55,000, with a long-term target of $60,000, analysts have pointed out that chart patterns suggest it’s time to accumulate. Specifically, according to analyst Captain Faibiki, through an X post on August 6, Bitcoin is indicating what might be the last buying opportunity before a significant bull run. The expert noted that the current Bitcoin chart formations are reminiscent of the 2020-2021 surge following the COVID-19 crash. The analysis includes a detailed comparison highlighting two critical phases in Bitcoin’s recent history. Both phases showed substantial price movements following periods of consolidation…

Binance Labs-backed Solv Protocol is bringing Bitcoin staking to Base via the newly launched Coinbase wrapped Bitcoin token, cbBTC. On Sept. 12, Coinbase revealed that its cbBTC token was now live on Ethereum (ETH) and the layer 2 chain Base. Solv Protocol shared news of its launch of Bitcoin (BTC) staking on Base via in a press release shared with cypto.news. The platform says the unveiling of the cbBTC token, which is backed 1:1 by BTC holdings on Coinbase, offers another opportunity for users on Base to leverage their bitcoin in the decentralized finance market. You might also like: eToro…