Author: NBTC

A trustless oracle network DIA has committed to integrating its powerful oracle suite with the Stacks ecosystem. DIA specializes in sourcing and providing customizable market data feeds for any asset. Through this partnership, a new data feed service for STX and SIP10 tokens is introduced, giving developers the necessary data tools to build DeFi (decentralized finance) apps at the Stacks layer. With the help of DIA’s oracle solution, dApps and smart contracts can easily include precise and up-to-date price data, opening up a range of applications that rely on off-chain data, like lending and borrowing markets, CDP stablecoins, perp DEXs,…

Grayscale’s ETHE $111 million exodus sparked net outflows for ETH ETFs last week. Ethereum whales have been distributing their holdings since July. Ethereum could see a rejection around the $2,400 resistance level. Ethereum (ETH) is up 2.5% on Monday as the top altcoin attempts to recover from the selling pressure of exchange-traded fund (ETF) investors and top whales. Daily digest market movers: Ethereum ETFs outflows, whale distribution Ethereum ETFs posted a net outflow of $98.1 million last week following ETH’s price struggles. The US spot ETH ETFs — led by Grayscale ETHE’s $111 million exodus — dominated the negative flows…

TRON is establishing itself as the go-to blockchain for stablecoin payments in Eastern Europe, South America, Africa, and Argentina. This development coincides with shifts in the broader crypto market, with TRON’s recent performance reflecting its growing strength. . @BanklessHQ: “Eastern Europe, South America, Africa and in Argentina #TRON is the dominant blockchain for stablecoin payments.” 🌐Learn more at 9:26: 👇https://t.co/6Dv0kZTOor pic.twitter.com/icTaHo0BNP — TRON DAO (@trondao) August 23, 2024 In a podcast, an analyst discussed key market trends, pointing out the contrasting paths of Ethereum and TRON. Ethereum ETFs, it is to be noted, have seen significant outflows of $458 million…

Shares of MicroStrategy (MSTR) are up 4.6% over the past 24 hours, outperforming the broader market. The company’s stock has now pared most of its losses that were logged during the global market crash that took place earlier this week. Bitcoin is currently trading at $56,571 after adding nearly 5% over the past 24 hours. Just like air and water Meanwhile, MicroStrategy co-founder Michael Saylor, one of the staunchest Bitcoin supporters, recently compared Bitcoin to air and water: “Traditional finance operates 19% of the time. Capital, like air & water, should be available 100% of the time. Bitcoin is available…

Pendle’s BTC pools diversify DeFi opportunities for Bitcoin enthusiasts. Pendle expands yield opportunities for Bitcoin holders with new BTC pools Pendle has introduced BTC pools to provide enhanced yield strategies for Bitcoin holders. The platform’s integration with Corn’s LBTC and other BTC variants signifies its adaptability in the DeFi market. Pendle, known for its success in ETH-centric DeFi narratives, is expanding into Bitcoin yields by introducing new BTC pools, providing Bitcoin holders with access to enhanced yield strategies and fixed yield trading opportunities. Pendle’s strategic expansion into Bitcoin yields comes at a time when interest in BTC staking and yield…

Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,320. ETH might struggle to gain pace for a move toward the $2,500 resistance zone. Ethereum is attempting a recovery wave above the $2,250 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price Recovers Above $2,320 Ethereum price started a recovery wave above…

XRP ranked as the fifth-best-performing asset after reportedly having 6.71% weekly returns amidst a broader market recovery. XRP has made the headlines again after featuring in a mention by US-based asset manager Grayscale. The Bitcoin and Ethereum spot exchange-traded fund (ETF) issuer listed the XRPL native token among the weekly top ten best-performing assets among the biggest cryptocurrencies by market cap. In the snapshot tweeted on Friday, Grayscale listed XRP as the fifth-best performer, with a 1-week gain of 6.71%. This showed XRP’s bullish outturn amidst a wider market recovery. The data further uncovered that XRP’s gains meant it had…

A measure of Bitcoin’s intraday volatility spiked Monday to its highest levels since crypto exchange FTX’s collapse in 2022, as the asset’s price saw its most intense price swings in around 20 months. Bitcoin’s so-called high-low spread popped to 19% amid a global market selloff, according to K33 Research analysts Vetle Lunde and David Zimmerman. “Yesterday’s market activity was frantic and hectic,” they wrote in a research note, describing the activity as “violence.” FTX’s collapse wreaked havoc on the crypto market well over a year ago, pushing Bitcoin’s price down as low as $15,742 on November 9, 2022, according to…

Nolus, a cross-chain lease protocol focused on providing safer alternatives to high-risk crypto lending platforms, has unveiled a major update aimed at revolutionizing how decentralized finance (DeFi) users interact with its ecosystem. The update, scheduled for Q3, will introduce volatile base currencies, allowing users to borrow and lend assets like Bitcoin (BTC) and Ethereum (ETH) as base lending currencies. This significant enhancement aims to unlock new income streams, provide advanced hedging capabilities, and reduce operational overheads. By doing so, Nolus hopes to create a more active and liquid ecosystem for DeFi traders, yield farmers, and security-conscious crypto investors. Borrowing and…

Since the year 2019, the biggest holders of Ethereum have been consistently leveling up their network dominance. As per IntoTheBlock, a well-known DeFi market intelligence firm, the consistent accumulation of these whales over time went through intensification in 2023 simultaneous to the Ethereum Shanghai upgrade and now they control the circulating supply’s 43%. The market intelligence platform provided the details of this development on social media. Ethereum’s largest holders have steadily increased their dominance since 2019, consistently accumulating more ETH over time. This accumulation accelerated further in early 2023, coinciding with the Shanghai upgrade.Today, these addresses control over 43% of…